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Once you start making money andbuilding wealth, it may hold more true than ever.
They could end up costing you big time.
According to Singh, You have to protect the wealth by hiring smart people.
Singh said this includes hiringsmart financial advisors, attorneys, tax accountants and estate planning attorneys.
You have to have people in your circle that are very good at what they do, Singh advised.
When hiring a financial professional, first consider the exact kind of expertise you need.
Then you could match your needs with their backgrounds and expertise.
He said it can be tempting to buy something fancy like a faster car when you start earning more.
Instead, he said, hold off and invest that extra money to grow your wealth.
One final thing to consider is how youll preserve your growing wealth.
Insuring against wealth-depleting risks is also a good idea.
This may go further than home, auto, health and life insurance.
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