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All The Money In The World Won’t Make Your Rich If You Don’t Use It Properly

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You can’t out earn your spending.  The only way to become wealthy is to save and invest the money you earn.  I don’t care if you make a million dollars a year.  If you spend $1.2 million a year you will not be wealthy.  You might live a high lifestyle sure, but you will not be building wealth.  When that income stops you will be on the street.

25% of people who earn $100,000 are living paycheck to paycheck.  Pro-athletes go broke in retirement.  Celebrities are bankrupt when their show gets canceled.  It happens all the time.

It doesn’t matter how much money you make.  If you don’t use it properly you will never be rich.

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1 comment… add one

  • Travis @Debtchronicles May 13, 2014, 4:40 am

    Celebrities always get a bad wrap for going broke after making a ton of money…but the fact they’re people just like the rest of us. They assume their current income level will last forever. There’s two sides to the equation of wealth – making money, and saving money. It is amazing how only getting half that equation right (making a lot of money) can still end up in complete failure!

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