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4 Personal Finance Tips From Millionaires
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[QUOTE="Mika, post: 262997, member: 29399"] Diversify Your Income: Warren Buffet has invested in 65 different companies from Coca-Cola to McDonald's, Apple, Bank of America, American Express, etc. Elon Musk owns different companies such as Tesla for electric cars, Space X for Space Exploration, a tunneling company called The Boring Company, etc. Invest in Yourself: Investing in yourself means acquiring knowledge and skills to build expertise. You will have to invest in yourself to learn how to invest in the stock market, how to trade in the stock market, or other markets of your choice. Risk Management: Building income through business and investment involves a lot of risks and you need skills to manage your risks. You will first have to know your risk tolerance level. Don’t run with the crowd: Just because people are saying it is the best, it does not make the best. You need the knowledge to assess to know what is right and what is not. That’s how you avoid scams. [/QUOTE]
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