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Financial pitfalls of chasing to build wealth quickly.
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[QUOTE="Leah Kelvin, post: 343226, member: 106815"] The chase for fast money can lead to investments of high risk, lack of diversification, overleveraging, short – term thinking, excessive risks and disregard for the financial fundamentals. These dangers may lead to substantial losses, financial distress as well as missed chances towards sustainable accumulation of wealth. Failure to carry out proper due diligence and research before investing can result in scams and fraud. Chasing fast money might cause anxiety and mental health problems. Unethical conduct can subject you to liabilities at law. Striving for quick wealth may damage relationships but making sure that one concentrates on strategies that will create a solid foundation for long-term accumulation is important for overall success and security. [/QUOTE]
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Financial pitfalls of chasing to build wealth quickly.
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