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Never Spend Return On Your Investment If You Want to Build Wealth
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[QUOTE="Shaf, post: 265735, member: 25467"] In the long run, it's more beneficial for someone who wants to grow his or her wealth and portfolio to continue reinvesting any profits made. This ensures that you make more profits each time you invest instead of the same amount all year long. I have spent my profits and I've also reinvested it at different times. Having this experience, it's best to say that one should do whatever they feel comfortable doing. Sometimes indulging in a bit if luxury is good for ones peace of mind and mental health, whole building a portfolio keeps you happy too. Like the previous poster said, if one is in a good financial situation, there is no harm in spending profits on luxury. One can also do both, spending a percentage on luxury and reinvesting some of it, doing it at the same time, or at different times in the same year. That's a nice way to kill two birds with one stone. [/QUOTE]
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Never Spend Return On Your Investment If You Want to Build Wealth
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