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7 Things You Need To Buy To Build Your Wealth
Building wealth is not something you can do overnight. It will require planning, action, and discipline. Money is meant to be spent, that’s a fact. The question is — what do you spend your money on? Are the things you buy on a daily, weekly, or monthly basis, assets or are they liabilities? Are they things you can afford or are they things you’re buying just to show off?
The type of things you spend your money on will define who you are financially, both in the long and short run. I’m sure everyone would love to have more money than they do presently, but are they buying the type of things that will ensure their wealth is built-up rather than depleted? Contrary to popular belief, building wealth has to do more with habits, and not how much money you earn. You could earn $5,000 a month, and after 6 months you may still not have as much money saved as a person who earns $2,000 per month. It all boils down to habits. Spending habits basically boils down to the things you buy, the quantity you buy, and how often you buy them and in this article, I will share with you 7 things you need to buy to build your wealth!
Number 1: A Used Car
For someone who wants to build up their wealth, buying a brand-new car may not be the best way to go. A brand-new car loses 10% of its value after the first month and 20% of…
