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Build a strong foundation for financial stability before taking risks from "summary" of I Will Teach You To Be Rich by Janny Patri
When it comes to building wealth, many people are eager to jump into investing and taking risks in the hopes of making quick gains. However, I believe that before you start taking risks with your money, it's important to first establish a strong foundation for financial stability. This foundation includes setting up a solid emergency fund, paying off high-interest debt, and automating your savings and investments. Without this solid financial base, you are setting yourself up for potential disaster if your risky investments don't pan out...
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