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On the flip side, he said there are individuals who appear wealthy but are actually over-leveraged.

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They drive regular cars, live in modest homes and avoid flashy purchases, he said.

For them, financial success was about freedom and security, not outward appearances.

His advice to younger generations?

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Focus on making your money work for you, not on looking like you have more than you do.

Aclado has observed the same.

Because today, living frugally isnt exactly an attractive option, even when its benefits are clearly visible.

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