Can you share the most effective piece of financial advice that has helped you?
In very short sentences can you share a few financial advice that has helped you and you think can help me?
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Buy assets, not liabilities. Buy things that make money for you: stocks, real estate. Don’t buy things that don’t make money: clothing, fancy cars, etc. Don’t buy assets you don’t understand, chances are it’s a bad apple. Make more money, do not save more money. People who look rich are poor, while people who look poor are rich.