For me, here's my Kryptonite that destroys wealth building:
- Living above my means.
- Not paying myself first when earning a paycheck.
IMHO, doing the above leads to debt, which leads to more debt, which is a wealth building death spiral. In our case, we chose to live below our means and pay ourselves first each month. Doing so was one factor that helped us have a successful early retirement.
Of course, YMMV and avoiding kryptonite doesn't guarantee success.
This is not financial nor wealth building advice. Please consult a professional advisor.
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