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Just take entrepreneur, bestselling author and media personality Ramit Sethi as an example.
Hes a self-made millionaire and his road to riches isnt one he keeps cloaked in mystery.
Climb this ladder, andyoull be on your way to financial freedom.
Your company is literally giving you money when yousave for retirement.
Hop on board to build wealth.
Just one late payment after years of being on time with your payments could drop your credit score.
And if youre only paying the monthly minimum, the amount owed will continue to increase.
Its a vicious cycle that can get so out of control, you might end up in bankruptcy court.
The second rung on Sethis ladder tobuilding wealth easilyis it to pay off all high-interest debt.
Invest In a Health Savings Account (HSA)
Healthcare expenses can easily break a household.
Sethi said it might make sense to invest in a Target Date Fund.
If you plan to retire in 2060, look for a 2060 Target Date Fund.
Your investment automatically diversifies over time and benefits from the power of compound interest.
Or, you could choose your own index funds for spread out investing.
The secret sauce to building wealth really isnt so secret at all.
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