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Be mindful of your financial decisions and avoid impulsive purchases from "summary" of The Millionaire Next Door by Thomas J. Stanley,William D. Danko
Mindful financial decisions are critical to achieving financial success. Impulse purchases can derail your financial goals and prevent you from building wealth. The millionaires next door are intentional with their spending, carefully considering the long-term impact of each purchase. When faced with a buying decision, they weigh the pros and cons, considering whether the item is a need or a want. They understand that instant gratification can lead to financial regret down the road. Instead of giving in to impulse, they take the time to evaluate their options and make informed choices. Avo...
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