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Building wealth requires disciplined habits from "summary" of A psicologia financeira by Morgan Housel
To build wealth over time, you must develop disciplined habits that lead to financial success. This means consistently making smart decisions with your money, such as saving regularly, investing wisely, and avoiding unnecessary debt. These habits require self-control and a long-term perspective, as wealth-building is a gradual process that requires patience and persistence. One key habit is living below your means by spending less than you earn. This allows you to save and invest the difference, which can grow over time through compound interest. By avoiding lifestyle inflation and prioritizing financial security, you can build a solid foundation for long-term wealth accumulation. Another important habit is setting financial goals and creating a plan to achieve them. This involves identifying your priorities, such as saving for retirement, buying a home, or starting a business, and taking concrete steps to make those goals a reality. By staying ...
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