Ingram discussed the following seven things you should never do if you want be wealthy:
Trade your investments as often as possible.
Own shares or investments that are all more expensive than the index (e.g. buy tech companies with a Price/Earnings ratio double or triple the index P/E).
Have a range of investments that are not diversified.
Buy investments you don’t understand.
Don’t pay tax.
Live on debt.
- Buy expensive vehicles.
Listen to the audio below for more detail.
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