Tips to Increase Wealth
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Questions and Answers

What is the recommended saving percentage from your earnings to become richer?

  • 40%
  • 30%
  • 10%
  • 20% (correct)

    • Why is it advised to avoid impulse buying to become richer?

  • To follow trends
  • To impress others
  • To control expenditures (correct)
  • To get a discount

    • What is suggested as a way to make your money multiply?

  • Spend lavishly
  • Buy unnecessary things
  • Invest in business (correct)
  • Don't save money

    • Why is careful study needed when deciding where to invest your money?

    <p>To be curious and ask for expert advice</p> Signup and view all the answers

    Why is owning a house and lot considered better than renting?

    <p>It allows for productive use of the property</p> Signup and view all the answers

    What is a recommended step for ensuring a future income according to the text?

    <p>Having a retirement plan</p> Signup and view all the answers

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