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Part of the reason why the wealthy stay wealthy is because they know how to manage their money effectively. People who know how to manage their money effectively successfully use their money to make more money. Understanding how to make good decisions with money can make the difference between building wealth over time, or staying stuck in poverty.

In this video, tax expert Karlton Dennis explains the key wealth management strategies that the top 1 percent of Americans use to build, grow, and protect their wealth over time. From knowing what to do with your paycheck, to understanding different investments, Karlton breaks down key money moves the wealthy love to make.

Importantly, Karlton also explains many of the top money mistakes that people who are not wealthy make. Knowing the mistakes to avoid when it comes to money management can be just as important as knowing the right moves to make. This video can potentially be beneficial to anyone who wants to learn how to manage their money like the wealthy.

CHAPTERS:
0:00 Intro
0:23 What Do the Wealthy Own?
1:22 Copying the Wealthy
1:40 Invest 25% of Your Income
4:11 What About Real Estate?
5:16 Investing in Skills
6:01 Investing in Businesses
6:59 What to Do with the Rest of Your Money
8:01 The Bottom Line

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#personalfinance #investing #karltondennis