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5 Middle-Class Lessons From How Wealthy People Manage Money

Investment Financial Planning

I was recently quoted in an article about money secrets of the wealthy and how they apply to the rest of us. In bullet points, here are the main takeaways:

1. Don't be flashy

2. Spend on what adds value

3. Think prevention

4. Keep a saving mindset

“Increase your savings as your income grows,” Jamie Ebersole, CFA, CFP and founder of Ebersole Financial tells Money Talks News. “Many individuals stretch to buy the biggest house they can afford, which stretches their ability to make their payments once they lose their job or incur other unexpected bills.”

5. Always review your finances