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Is it necessary to save and invest money despite being rich?
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[QUOTE="arunima25, post: 282210, member: 30475"] It's very true that saving and financial discipline has to be inculcated from a very young age. Just like any other good habit, it's to be taught early. We have seen that many well known businesses have stayed in good shape and flourishing from generation to generation. It has stayed in the family and passed on from one generation to another. There parents have inculcated good financial discipline and saving habits in their children from the very beginning. On the other hand, there have been cases where a well established business could not sustain when it was passed to the next generation. This new generation was brought up like rich brats and they never learnt the financial responsibilities. One needs to learn to value and respect money, no matter how much surplus you have. So, it's very important to learn savings and have financial discipline from young age. Once it's a habit, it comes easier. It can be attained at later stage after learning the tough way. It's easier to learn st young age. [/QUOTE]
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Is it necessary to save and invest money despite being rich?
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