Money management tip from a millionaire

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85. Living on less than you earn is the ticket.

Certainly, hard work gets you income, but there are plenty of people who spend it all and then some. Only by saving religiously and investing prudently can most people get ahead, even with modest resources.

Easier said than done, especially when you have other mouths to feed and a meager paycheck, but staying out of high-cost debt and exercising discipline in saving will go a long way toward getting rich slowly.

Sorry, I went into Dad Mode there, replaying one of the tapes in frequent rotation with my kids!