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The key for most millionaires is to save money before spending it. No matter how much their annual salary may be, most millionaires put their money where it will grow, usually in stocks, bonds, and other types of stable investments.
It’s generally good practice to diversify your portfolio by investing in a mix of different stocks, funds and other investments. But as the wealthiest people build their net worth, they often go all-in on their own projects, and then diversify as they start earning more.
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