7 Reasons You’re Not a Millionaire

Photo by maxxyustas from Envato

You don’t invest

No risk, no reward. Some people don’t want to take risks, that’s why they don’t invest. Inflation drives up living costs over time, which means your dollars have less buying power every year. Inflation averages about 3% per year. When you invest, you can earn as much as a 7% or 8% annual rate of return, depending on how you allocate that money.

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