Middle Class Wealth Trap: 5 Habits Stopping You From Getting Rich. Stop Now!

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News18•22-12-2025, 13:12
Middle Class Wealth Trap: 5 Habits Stopping You From Getting Rich. Stop Now!
- •Lack of an Emergency Fund forces reliance on high-interest debt during crises; save 3-6 months' expenses.
- •Procrastinating investments delays wealth creation; start early to leverage compounding, treat investments as mandatory.
- •Not learning about finance and relying on a single income is risky; continuously update knowledge on tax and investments.
- •Impulsive buying of 'wants' instead of 'needs' erodes wealth; question purchases to curb wasteful spending.
- •Mistaking debt for wealth (EMIs for show-off) drains finances; focus on building income-generating 'Assets' over 'Liabilities'.
Why It Matters: Change 5 common financial habits to build wealth, focus on saving, smart investing, and asset creation.
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