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“The supreme commandment of the rich is 'Invest! The supreme commandment of the rest of us is 'Buy!”

Yuval Noah Harari

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Simplified Meaning:

Rich people prioritize putting their money into things that can grow in value, like stocks, real estate, or businesses. This helps them become even wealthier over time. On the other hand, most people focus on spending their money on buying things that they need or want right now, such as clothes, gadgets, or food. This doesn't usually help their money grow, and they might find it hard to save for the future. For example, imagine two friends: one spends their money on the latest phone and new clothes regularly, while the other uses their money to buy shares in a company or put it in a savings account. After a few years, the friend who invested might have more money because their investments grew, whereas the friend who spent all their money will have things that might not be worth much later. If you want to follow the advice from this idea, try to save some of your money and invest it wisely instead of always spending it on things you don't really need. This way, you can build wealth over time and have a more secure financial future.

Related tags
Consumer behavior Economic disparity Economic inequality Financial advice Financial strategy Investment Purchasing habits Rich vs poor Wealth disparity Wealth management
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