![]() “ In general, the more dollars adult children receive, the fewer they accumulate, while those who are given fewer dollars accumulate more.”Įconomic outpatient care refers to the gifts that some parents give to their children and grandchildren to enable them to live a lavish lifestyle. The most important thing to remember if you want to accumulate wealth is that discipline, sacrifice, and hard work are absolutely necessary. ![]() They are proficient in targeting marketing opportunities. Their adult children are economically self-sufficient. Their parents did not provide economic outpatient care. They believe that financial independence is more important than displaying high social status. ![]() ![]() They allocate their time, energy, and money efficiently, in ways that are conducive to building wealth. The key factors differentiating wealthy people from the rest are: Rather, it’s about following a lifestyle of hard work, perseverance, planning, and self-discipline. Most people have the wrong idea about accumulating wealth it has little to do with luck, advanced degrees, or intelligence. ![]() Wealth and income are entirely different things-you could be earning a high income, but if you spend it all, you certainly won’t be wealthy. “ If you are willing to make the necessary trade-offs of your time, energy, and consumption habits, however, you can begin building wealth and achieving financial independence.” ![]()
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