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10 Reasons You Will Never Be a Millionaire

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Wealthy people usually aren't born that way. Most spend their lives amassing their fortunes by working hard, spending little, saving a lot and investing wisely. It may sound like a simple strategy, but the fact that the vast majority of Americans fall short of millionaire status proves that it's easier said than done.

Then again, 10.1 million households in the U.S. have $1 million or more in investable assets, according to market research and consulting firm Spectrem Group, and their ranks are growing. So it's not impossible.

Read on to learn what you might be doing to keep yourself out of the millionaire's club. More important, find out how you can change your ways and build a seven-figure nest egg worthy of a one-percenter.

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