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The richest people I know don't look
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rich at all. I'm talking about people
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who could buy a Ferrari, but they drive
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a 10-year-old Toyota, who could afford
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designer everything, but shop at regular
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stores, who have millions in the bank,
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but you'd never guess it from looking at
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them. The thing is, real wealth isn't
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about what people can see. It's about
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what's happening behind the scenes. The
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smart investments, the disciplined
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spending, the long-term thinking that
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most people never notice. If you're new
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here, hi. I'm Nisha. I'm a qualified
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accountant and a former investment
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banker. And through working in finance
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for over nine years, I've learned to
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spot the habits that actually build
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wealth. And so, in this video, I'm
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sharing seven habits that quietly
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wealthy people live by. Habits that most
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people completely overlook, but make all
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the difference between looking rich and
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actually being rich. Let's dive in.
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Number one, they automate everything.
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Quietly wealthy people are lazy in the
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best possible way. They don't sit there
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every month trying to remember to
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transfer money or debate whether they
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should invest this time. They set up
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their finances once and then forget
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about them. Every month, money
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automatically goes from their paycheck
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into savings, investments, and their
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bills. I started doing this a few years
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ago, and it's honestly been a gamecher.
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On payday, before I even saw the money,
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automatically a chunk of my paycheck
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went towards my emergency fund until
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that was topped up. then another chunk
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still goes to my investment account and
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my bills get paid automatically. It
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removes all the drama and the decision-m
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from money. Because here's the thing,
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when you have to manually move money
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every month, there's always going to be
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that voice in your head saying, "Maybe
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I'll just invest next month instead."
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Or, "I really want that new jacket, so
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I'm going to prioritize that this month
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instead." Quitly wealthy people don't
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rely on willpower. They just make good
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financial decisions once and then let
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the systems do the work. Number two,
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they focus on value over price. Quietly
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wealthy people have this weird
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relationship with spending. They're not
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cheap, but they're incredibly smart
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about how they're spending money and
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where that money goes. I see this all
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the time. They can spend $200 or more on
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a pair of boots that will last 10 years,
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but they won't spend $50 on trendy shoes
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that fall apart in 6 months. They'll buy
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a reliable car instead of financing a
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brand new one that loses half its value
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the moment they drive it off the lot.
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It's all about value. instead of vanity.
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And as Warren Buffett once said, "Price
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is what you pay, value is what you get."
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They ask themselves, "Is this actually
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worth what I'm paying for?" Instead of,
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"Can I afford this?" Number three, they
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focus on net worth, not income. Most
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people get obsessed with how much they
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earn, how much their topline number is.
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But quietly wealthy people, they care
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way more about how much they keep. And I
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learned this the hard way when I was
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working in investment banking. I was
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making good money, but I was also
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spending pretty much all of it in my
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first few years of work. Nice dinners,
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expensive clothes, you know the drill. I
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looked successful, but my net worth for
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the first few years was basically zero.
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Here's the thing. If you earn 100,000
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and you spend all of it, and you have
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someone else earning 50,000 who saves
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and invests 15,000 of it, the second
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person is building real wealth. Quietly
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wealthy people track their net worth
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religiously. They know exactly what they
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own minus what they owe and they focus
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on growing that number over time. By the
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way, if you want to start tracking this
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properly, I've created something that
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could be a complete game changer for
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you. It's called the financial
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well-being toolkit. And basically, I've
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taken everything I learned helping
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wealthy clients grow their money when I
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was in investment banking, all the
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strategies and the systems that the top
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1% actually use, and I've put it all
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into one toolkit that anyone can follow.
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It includes a 94page workbook split into
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bite-sized sections that walks you
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through everything step by step and then
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an accompanying dashboard with all the
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key calculations you need to track your
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progress and make the right calculations
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at the right time. By the time you're
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done, you have your own personalized
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financial plan. Every part of this
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toolkit is designed to help you nail the
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basics, build real wealth, and create a
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clear road map to turn your goals into
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reality faster and with way less stress.
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It's all the things that I use in my own
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personal finance. If you want to check
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it out, head to
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nisha.me/plan or there's a link in the
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description below. Moving on to number
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four of the habits. They think in
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decades, not in months. Here's probably
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the biggest difference. Quietly wealthy
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people, they play a very different time
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game. While most people are stressed
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about this month's budget or next
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month's holiday, quietly wealthy people
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are thinking about where they want to be
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in 5 years, 10 years, 20 years time.
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They understand that compound interest
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is basically magic. But it only works if
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you give it time. They're happy to live
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modestly now because they know that
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every dollar they invest today could be
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worth five or 10 in the future. If you
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want to know more about how compound
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interest actually works, I've got a
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whole video here and I'll link that. I
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know it's really hard to think this way
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when you're young. When I was in my
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early 20s, 20 years felt like forever.
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But here's the thing. Those 20 years are
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going to pass anyway. So, you can either
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arrive at 45,50 with a bunch of stuff
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you bought in your 20s, or you can
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arrive with enough money to do whatever
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you want. Quietly wealthy people choose
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the second option. Number five, super
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super super important one. They have
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multiple income streams. This is
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arguably the most important one on the
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list. And I don't mean having multiple
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side hustles. I just mean putting your
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money into something that can generate a
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return for you in some way because
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relying on one income stream is very
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risky. Quietly wealthy people, they're
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not putting all their eggs in one
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basket. Maybe they have their main job,
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but they're also investing. Whether it's
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getting rental income, dividends from
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investments, a small side business. It
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doesn't have to be massive. It doesn't
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have to be life-changing amount of
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money, but it adds up and slowly it will
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compound. Because the thing about
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multiple income streams is A, it gives
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you financial security. B, it means
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you're not relying on any one thing or
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any one person or one company for your
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financial peace of mind. And C, it gives
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you options. If something happens to
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your main job, you're not completely
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screwed. Plus, that extra money can go
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straight into building even more wealth.
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Quietly wealthy people are always
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looking for ways to make their money
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work harder for them. They understand
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that trading your time for money can
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only get you so far. Number six, they
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avoid lifestyle inflation. This is a big
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one that is make or break because most
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people get a raise and immediately start
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spending more. Quietly wealthy people on
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the other hand, they get a raise and
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they pretend it never happened. I see
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this all the time. Someone gets
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promoted, suddenly they're eating out
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more, they're buying nicer clothes, they
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have a nicer watch, upgrading their
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apartment. Before they know it, that
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whole race has completely been vanished
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away into the new things. Quietly
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wealthy people for a very long time make
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sure that their lifestyle stays pretty
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much the same even as their income grows
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until they reach a stage where they know
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it's okay and they have the money to
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upgrade massively should they want to.
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They might treat themselves occasionally
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but they don't let their spending
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completely eat up their pay increase. So
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whenever you get a pay rise, think about
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committing a small percentage of that
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extra money on treating yourself. If you
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get a $200 monthly raise, you might
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spend $40 to upgrade one small thing in
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your life, but the remaining should go
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directly towards building your long-term
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wealth. You still get to enjoy some of
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that extra income, but you're not
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letting lifestyle inflation eat up all
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of your progress because every lifestyle
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upgrade is basically a permanent
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expense. Once you get used to spending
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more, it's really hard to go back. So,
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just avoid that trap altogether. And
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number seven, they don't react, they
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respond. In the 2008 crisis, loads of
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high-flying investors, heavily indebted
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businesses, and people living way beyond
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their means were hit really hard. They
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have been spending like there's no
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tomorrow, taking silly risks that when
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stuff hit the fan, everything fell
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apart. But then there were the quietly
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wealthy people who simply adapted. They
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didn't panic sell or make any drastic
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moves. They just took a step back,
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looked at the bigger picture, cut
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unnecessary expenses, and in some cases
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picked up undervalued assets whilst
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everyone else was in a meltdown mode.
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The quietly wealthy had the flexibility
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mentally, emotionally, and financially
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to pivot when they needed because they
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weren't in it to impress anyone. They
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were playing the long game, which gave
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them the head space and the stability to
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come out even stronger on the other side
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of the recession. The quietly wealthy
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don't react, they intentionally respond.
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And that is it. Seven habits of the
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quietly wealthy people. If you like this
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video, you'll really enjoy it. And this
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video right here, which is one of my
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most popular, why looking poor is
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important. Thank you so much for
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watching. Don't forget to subscribe if
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you haven't already, and you'll always
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be the first to watch my videos when
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they come out. Thank you so much and
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I'll see you in the next
