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 Avoiding common financial pitfalls can mean the difference between building wealth and losing money. Follow these guidelines to help you make smart money decisions. 

A tree symbolizing investment growth
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Investing can be one of the most powerful ways to build wealth, but without the right approach, it can also be risky. Many investors make costly mistakes by ignoring basic principles or chasing short-term gains. A strong investment strategy starts with knowing if and when you should invest and then following time-tested rules to grow and protect your money.

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