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02. You’re Banking on Luck

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It’s staggering how many people buy lottery tickets each week, even though the chances of actually winning are incredibly minute. Gambling is also a popular but often ill-fated strategy for achieving wealth.

“Waiting for your proverbial ship to come in is not a wealth-building strategy,” says certified financial planner George S. Urist, president and owner of Urist Financial and Retirement Planning, Inc. in East Syracuse, N.Y. “Discipline, patience and having a plan are much better ways to build wealth.”

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