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How will people treat you differently when your bank account is bountiful?
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How will your tastes change when you can eat at Emeril's every night?
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Find out in 10 Things That Change When You Become Rich!
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#10.
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'Government Cut'-- When you start making the big bucks many things
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might change for the better, you might also not choose to change much in favor of living
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a more secure lifestyle.
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One thing that will change whether you like it or not is how much taxes you will have
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to pay.
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Whereas before you probably got a much needed refund once a year now you will have to pay
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in.
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If you become 'rich' this usually means a jump into the highest tax bracket.
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This bracket is meant for those who make over 400,000 a year.
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Once you are in this bracket you will be forced to pay nearly 40 percent of your income back
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to the government, 39.6 percent to be exact, This means that if you made one million dollars
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in a year you will have to pay $396,000 back when you do your taxes This could be a dramatic
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difference as those making less than 40,000 a year only have to pay 15 percent most of
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which is already taken out of most workers paychecks.
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When you are making the type of serious dough that puts you in the upper tax bracket a lot
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of the time these kinds of paydays are the type that you get in a biweekly paycheck where
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the taxes are already taken out.
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Of course you can always find sly ways to reduce the impact of the taxman's bite.
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There are several states that don't require a person to pay any state income tax like
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Nevada, Texas and Florida.
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You can also donate money to charity or write off business expenses like the thousands of
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dollars worth of fuel for your private jet.
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#9.
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'Company Kept '-- If you become wealthy you can almost bank on those you associate
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with and call your friends changing drastically, especially if those you found yourself hanging
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out with were making a similar amount of money as you before you hit the bigtime.
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You will also most likely find yourself with a lot of people coming out of the woodwork
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who you haven't been in touch for for years.
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There is also the likelihood that when you become rich you will find out who your true
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friends are i.e. the people who aren't hanging around asking for loans or to invest in their.
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businesses.
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You may even lose some friends who think you sold out and in in extreme cases some friends
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from the past might even become enemies because they will try and sell information about your
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past or just tarnish it from jealousy.
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Many rich people find themselves having to make friends with those making around the
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same money as them because they become paranoid of less wealthy friends' real intentions.
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Or find themselves living in isolation and more dedicated to their work.
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#8.
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“Snobby Hobbies”-- Once you become filthy rich you might find yourself getting bored
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with things that used to entertain you or had to entertain you..
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It is quite common for people who suddenly can afford literally everything to have their
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tastes change dramatically.
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For instance, maybe you enjoyed video games about racing or football but now that you
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are a millionaire you can afford to own stock in a race car or go to any football game you
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want so it might be hard to find the fun in simulating these experiences.
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You also probably won't have to work as much so you will find yourself with a lot
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of reading time and the ability to find a place for peace and quiet.
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So you can finally catch up on that extensive library sitting around collecting dust you
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will most likely develop some hobbies that you never envisioned yourself getting into
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such as owning multiple businesses.
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If you like music, you can build your own recording studio with all the bells and whistles.
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If you are passionate about movies all it really takes to get involved in hollywood
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is dough.
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You could find yourself being able to lounge around on set just because you forked over
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the cash for an executive producer credit.
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If you don't want to be lumped into the 'new money' group by the established wealthy
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elite you might want to pick up such prestigious hobbies like polo, golf or even raising horses
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and participating in equestrian events.
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#7.
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“Humble Abode”--Another hobby that can take up much of the time of a rich person
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like yourself is renovating your chateaux, mansion or dare we say it--castle.
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Sure you may start off thinking you are gonna buy a modest house that is just big enough
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for you and your family's needs but maybe you grow tired of being around the proletariat
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at the dirty, noisy public movie theater and decide you want to build your own.
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Or maybe your riches have started going to your waistline and you want to build your
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dream gym.
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Not to mention the rooms for your waitstaff when you stop wanting to cook, garden or rear
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your children.
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You also will want to ensure the safety of all your new stuff so you will want to move
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to a more secluded location and greatly up your security.
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When you reach the upper levels of wealth it can be very to hide your success to your
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neighbors so it is almost essential to surround yourself with neighbors that are in a similar
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tax bracket as you...or better yet no neighbors at all.
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#6.
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“Etch Your Name”--Now that you have achieved wealth and financial stability you no longer
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have to worry about merely paying the bills or supporting your family.
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Now you have to worry about maintaining this wealth and once you have enough to last a
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lifetime, what then?
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Well then you may want to focus on ensuring your lasting legacy in history.
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How can you do this?
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Many wealthy people ensure their name will live on through the years by becoming philanthropists,
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donating money to various causes that they believe in.
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Investing in startup companies or centers that benefit the community like museums, theater
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and sports arenas is another way to guarantee that your achievements will outlive you and
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maybe one day you will even get a statue of yourself erected outside the building you
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helped lay the foundation for.
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If you donate to a university your money might not only help others who attend but may assure
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that future generations who bear your name have a leg-up on be accepted, even if they
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aren't the brightest of your spawn.
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#5.
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'Jet Set'--Unless you are the odd type of person who gets nostalgic when it comes
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to family road-trips where you and yours are crammed into stinky mini-van for hours on
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end, you can say goodbye to the traditional trek to Yellowstone, Now that you are rich
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why would you waste days driving when you could hire a private jet or your own personal
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helicopter to pop in on Old Faithful for breakfast, hit Niagara Falls for lunch and have dinner
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in New Orleans' French Quarter.
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Once you become rich you are gonna have to make hard decisions that most people only
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dream of like which caribbean island you want to visit this summer and the even tougher
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test of whether you should go to your grandma's birthday in Nowhere, Kansas or spend the weekend
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in Paris instead.
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You can also wave farewell to having to stick to a strict budget or schedule for your big
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vacations and finally explore the world the way you want to without restrictions.
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Instead of staying at a hostel or the budget in you will be able to stay at the Ritz.
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Instead of having to commit the tourist faux pas of eating McDonalds when you are running
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low on cash you can indulge yourself at the finest restaurants every night.
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If you really make it rich you be able to have vacation experiences that most can only
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dream of like renting out your own private island or sailing the mediterranean in your
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yacht.
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#4.
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“Rich Taste'--Goodbye Ramen, Goodbye Hot Pockets, Goodbye Dollar Menu!
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Hello caviar and lobster!
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What's that you say?
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You don't like the taste of caviar?
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Well that might change when you have pockets full of benjamins.
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If you start making a lot of money you will find that your grocery store expeditions are
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a lot more fun and less stressful, you will now be able to eat the finest cuts of meat
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and easily afford those fancy cheese you have been eyeing.
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Not only that but you will be able to frequent the finer restaurants in town.
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So whether you like it or not your taste buds are bound to change.
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It is a sad fact of life that the some of the best tasting food is also the most expensive
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and once you get used to eating these things that were once meant for special occasions
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everyday it is hard to go back to the cheap stuff.
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You also may be rich enough to afford a personal chef that can both keep you on a healthy diet
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and whip up every type of food you could ever dream of.
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So you may not like foie gras now but if you strike it rich, don't be surprised if you
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can't get enough.
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#3.
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“Wealthy Wheels”-- Whether you are raking in millis or billis, one thing is for certain
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you are definitely gonna want an upgrade from the 2002 Hoopty you are rolling around in.
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Not only can you now afford a new set of wheels you can probably pay for it all at once and
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avoid having to make monthly payments or leasing a car.
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If you truly are rich it's not just owning a top of the line vehicle that matters, it's
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how you customize that bad boy.
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Some of the finest automobile manufacturers like that of Rolls Royce, are known for having
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cars that are fully customizable with some of the craziest features that you could ever
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dream of.
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You might also have to invest in purchasing your own limousine and driver so that you
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can work on the go or make the proper entrance at gala affairs.
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All of this will certainly cost a pretty penny but being able to not worry about your beater
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breaking down on the highway in 100 degree heat is one of the best things about achieving
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financial success.
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#2.
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“New Ambition”-- Now that you have achieved your goal of financial success it is time
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to set your sights on new horizons and ambitions that you once thought were only a pipedream.
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Because you have the money to stabilize things like housing, food and affording a family
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you can go after your real dreams.
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These new goals may be things that involve your creativity, outdoor adventures or just
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becoming even richer.
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Now that you don't have to fret about income you can go after passions that other may have
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once thought you were just wasting your time with.
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You may also find goals that you once thought were extreme or impossible are now incredibly
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easy because you can throw money at them or have the free time to attack these obstacles
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without being concerned with the financial ramifications of frivolous activities.
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#1.
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“Who Cares?”--Over the years there have been songs and movies that are focused around
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the idea that money can't buy love or happiness, but one thing it can buy is confidence and
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confidence is one of the main ingredients to finding lasting happiness and love.
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Having more money can cause just as many problems as it solves but the the truth it can alleviate
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many of the worries that lead to insecurity and fears of rejection.
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A wealthy person doesn't have to worry about not having enough money for a date, not being
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able to afford decent clothes or their ideas failing because they can just move on to the
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next one, so long as they didn't bet the house.
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This automatically gives one added confidence when you are trying to establish a romantic
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connection with someone.
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It can also help you to seem more attractive to someone because you have the added bonus
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of providing stability and can afford to take care of them.
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Whether people admit it or not if they had to choose between two nearly identical people
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yet one has more money they will go with the richer person because of our survival instincts.
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Confidence and not stressing about needing a job can also help a person to be successful
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in interviews or when pitching a new creative venture.
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If you become wealthy you might find yourself not caring about what people think about you
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as well because in most cases they need you more than you need them.
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What do you think you would change the most about your life if you became rich?