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Severn, MD: Motivation for Investing Your Refund Rather Than Spending
If you get a tax refund this year consider investing a good percent of your refund to create wealth for you in the future rather than spending it all now.
 
It is often stated by those that study the wealthy that one of the significant differences between the wealthy and those that struggle to get ahead financially is that wealthy think long term and make decisions based on what is best for them in the long run. Those that were able to achieve wealth were willing to make sacrifices now in order to realize the gain 10+ years in the future. Those that struggle to get ahead financially tend to think short term and make financial decision based on what is best for them now or the next few months rather than what is best for them in 10+ years.
 
Studies show that the wealthy establish an unbreakable habit of steadily investing a portion of their income each month into assets that create income. They build their wealth month by month. They slowly but surely create wealth by patience and persistent investing rather than by taking shortcuts through high risk get rich quick approaches. Slow and steady wins the race as ... more

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