Investing is one of the best ways to build wealth. Contrary to popular belief, only 31% of millionaires averaged $100,000 a year throughout their career, and one-third never made six figures in any single working year. Three of four millionaires attribute their success to regular, consistent investing over an extended period.
The most common pushback I receive when encouraging people to invest is, “I can’t afford it.” Many people live paycheck to paycheck and feel that investing requires significant funds that they don’t have.
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