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- Wealth and freedom of choice go hand in hand: The more money you have, the more choices you have.
- But once you've reached a comfortable level of wealth, your spending should align with your end goal, and there are only four options, according to a forthcoming guide from Merrill Lynch.
- The guide asks people to decide what they want to do with their wealth: Do you want to spend your fortune, maintain the current level, preserve its buying power, or grow it as much as possible?
Wealth is often equated with freedom: The more you have, the more choices you're able to make.
But even people with high net worths fret about their spending.
See the rest of the story at Business Insider
See Also:
- 4 smart things to do with an extra $50, according to financial planners
- A woman who studied 600 millionaires says there's a misconception about wealth that just won't die
- Getting rich may be easier if you maintain 4 types of relationships, according to an author who studied over 10,000 millionaires
from Business Insider https://read.bi/2FDr59s
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