By Meena
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Poor people often lack financial plans, while rich people use them as a roadmap to financial freedom.
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Poor people are more likely to buy on credit, leading to debt. The rich save and buy outright.
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The poor often overlook personal education and skills development. Rich people continually invest in these areas for more income opportunities.
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Poor people often fail to establish an emergency fund, while the rich use this as a safety net for unforeseen expenses.
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Poor people generally rely on a single income source, while the rich diversify their income streams for stability.
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The poor may neglect health due to cost, but the rich prioritize their health as an important asset.
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Poor people often overlook networking, while the rich use it to open doors to opportunities and partnerships.
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Poor people make impulsive buying decisions, while the rich are thoughtful and careful with their spending.
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Poor people may ignore their credit score. The rich understand its importance and strive to maintain a good score.
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Poor people often lack long-term financial goals, whereas the rich always have these goals to direct their financial decisions.