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Building Wealth Through Strategic Investing
To build wealth, one must dedicate a decade to spending less, earning more, and investing wisely. By saving and investing, individuals can accumulate assets that generate passive income, allowing for indulgence in 'dumb things' while the assets continue to grow. The key is to save a portion of earnings, invest the savings, reinvest the returns, and focus on increasing income. Rather than focusing solely on earning more to spend lavishly, individuals should prioritize financial education to understand how to effectively use and grow their money. By increasing income and continuously learning about financial strategies through resources like YouTube and books, individuals can expand their investment opportunities and financial power.