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Money Tips from Millionaires: 3 Money Mistakes to Avoid on Wealth Creation



If you are stuck in life, you feel around a dead end without finding out where the problem lies, perhaps Munger's wisdom can inspire you a lot.

Here are 3 Money Mistakes to Avoid on Wealth Creation that Munger advises. If you want to be rich, do the opposite.

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Amazing wealth creation advices from 97-year-old wise billionaire Charlie Munger: There are 3 ways to make your life poor forever, if you want to become rich, do the opposite!

If you are stuck in life, you feel around a dead end without finding out where the problem lies, perhaps Munger's wisdom can inspire you a lot.

Here are 3 Money Mistakes to Avoid on Wealth Creation that Munger advises. If you want to be rich, do the opposite.

1- Think and act erratically 

If you work erratically daily, you will spend a lot of time on meaningless jobs, and your work performance is also very low.

Another example, if you discuss business with other people, but your sayings are not consistent and changing constantly. So this is definitely not going anywhere.

Because other people will think that you are not serious or that you want to trick them and they may not want to do business with you in the future.

 Money Tips from Millionaires: 3 Money Mistakes to Avoid on Wealth Creation

Over time, your mindset will become slow, your work will be less effective and the trust of others in you will gradually collapse.

If you find yourself doing the same thing, what should you do to fix it?

First of all, you need to know why things are so erratic?  It's because you haven't thought everything thoroughly enough, so time and time again you find the anomaly and change it, this is the main cause of things becoming more and more chaotic.

The lack of inconsideration and immaturity is because you are lacking focus on work.  If you focus on a bunch of different things at the same time, nothing will get done.

You're better off focusing on a single task and prioritizing it according to its importance. 

2- Not learning from other people's experiences

Learning from the experience of others is a shortcut which others have worked hard for many years is summed up in concise language and conveyed to you.  If you learn these things, your road to success will be much shorter.

What if someone else doesn't teach it?

You can read books.  A book is the crystallization of the wisdom of one or many people.  Others sum up a book with decades of experience, you can read it in a few days and think about these experiences.

 Money Tips from Millionaires: 3 Money Mistakes to Avoid on Wealth Creation

Standing on the shoulders of giants, your vision can be expanded 10 times more.  So try to collect the experience of others, that will be the stepping stone to your door to your wealthy future.

3- Lack of Willpower

If you always feel that your fate is unfair, irreversible and give up fighting it, then let’s change your mind and Don't give up on yourself such easily.

In life, everyone cannot avoid failure after failure.

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Instead of giving up, each time you get up after falling, you will find a new opportunity.  The stronger you stand up, the more opportunities lie ahead.

You wealth future is lying in the palm of each of us, the person who determines your wealth destiny is not anyone else but yourself.

Money Tips from Millionaires: 3 Money Mistakes to Avoid on Wealth Creation

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