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Financial education is key to building wealth from "summary" of The Millionaire Next Door by Thomas J. Stanley,William D. Danko
Financial education is crucial for individuals looking to build wealth. In our research, we found that those who were able to accumulate significant wealth had a deep understanding of financial concepts and strategies. They knew how to manage their money wisely and make informed investment decisions. Many people mistakenly believe that wealth is primarily determined by luck or inheritance. However, our research shows that this is not the case. In fact, the vast majority of millionaires are self-made individuals who achieved their wealth through hard work, discipline, and financial literacy. One of the key findings of our research was that millionaires are dili...
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