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4. Save, save, save. There’s just no way around it, if you want to get wealthy from the sweat of your brow – you have to spend less than you earn in order to save money.Those who have worked ...
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The Richest Man in Babylon is a 1926 book by George S. Clason that dispenses financial advice through a collection of parables set 4,097 years earlier, in ancient Babylon.The book remains in print almost a century after the parables were originally published, and is regarded as a classic of personal financial advice.
The authors assert such a system will mostly benefit wealthy individuals. Trump writes that wealthy individuals are able to spot strategic advantages, "The rich will spot the opportunities, while the poor will hide their heads and pretend it isn’t happening." [1] [2] [3] The authors criticize those who wish to save money by being thrifty.
However, the reality of becoming rich without working 12 months a year is more nuanced. While it’s possible to do so, the odds typically aren’t in your favor, especially if you’re trying ...
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Later on when you’ve built up enough wealth, your money will be able to compound much faster than you can save from your income. 5. Invest in high-return assets
If you aren't wealthy now, that doesn't mean you won't be in the future. You could win the lottery to get there, of course, but that's probably not the best approach.