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One day, when I had just gotten my very first salary, he took me aside, looked deep into my eyes and told me in gravelly tones, “Son, never spend more than you earn. But later on, when life had run its course with me, I realized that it was the best investing advice I ever had. Those simple words with all their seeming simplicity couched within them the essence of what man has been trying so hard to figure out. Effective investing advice is really as simple as don’t ever spend more than you can earn!.
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