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Wealthy Wealth Management Missteps

This is a news story, published by Yahoo Finance, that relates primarily to Andrew Lokenauth news.

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GOBankingRates

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Business

Business & Economics

Wealth expert Andrew Lokenauth explains the top money habits the rich need to rethink

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Summary

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63% Informative

Wealth advisor Andrew Lokenauth has seen some of the financial habits the rich indulge in are ridiculous.

Wealthy clients often buy multiple luxury cars they never drive and keep too much money in savings.

LokenAuth advises wealthy clients to follow the 5% rule — limit luxury purchases to 5% of your income.

VR Score

54

Informative language

51

Neutral language

26

Article tone

informal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

14

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