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7 get-rich advice that wealthy people ignore!
Ultra-rich people often share some advice on TV, social media, conferences and podcasts, but if you’ve been close enough or studied them closely enough, you’d quickly realise that their actual doings sometimes tell a different story, contradicting what they say in public.
Understanding what the genuinely wealthy prioritise can give a more straightforward path to building wealth. Here’s a look at some classic tips they offer but seldom practice themselves — and why.
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#1. “Avoid debt at all costs.”
My people perceive debt as a very bad thing. Debt remains an option of last resort for me because of the way I was brought up, but to my surprise, when I researched wealthy people, I realised that they see debt as a strategic tool. For instance, Elon Musk used a $465 million loan from the US Department of Energy in 2010 to fund Tesla’s Model S production and powertrain plant during Barack Obama’s presidency.
