The Wealthy Mindset: Investing vs. Wasting Money

When we look at wealthy entrepreneurs or extremely rich individuals, we often think we’d like to become like them. But here’s the thing: wealthy people usually have certain habits that many others don’t. They constantly reinvest their money, directing it into places where it continues to grow. On the other hand, the average person mostly spends their earnings on everyday bills and household needs, and if anything is left over, it often goes toward buying luxury items for personal use. That’s the real difference in mindset: while rich people use their earnings to invest first and then enjoy the profits later, the majority spend first and rarely think long-term.

A typical non-wealthy person, when they earn money, often rushes to buy something they want right away. The problem is, most of these purchases lose value over time. But if you start saving, little by little, your balance begins to grow, and eventually you reap the benefits. Savings accounts generate interest, and the more you accumulate, the more interest you receive. Building strong saving habits brings huge advantages in the long run. Imagine if you started putting aside a portion of your income early on over the years, your wealth would steadily increase. However, if you keep using your money only for luxury goods, you may never reach financial independence, staying trapped in a cycle that’s very hard to break.

The truth is, when people receive money, it’s more tempting to spend it because shopping provides instant pleasure. Saving, on the other hand, doesn’t give you that immediate dopamine boost. Savings require discipline and consistency over years before you begin to notice real results. Larger investments can show results faster, while smaller ones take time but still build up in the same way.

Curd: Buying something on the spot feels rewarding, but saving does not trigger the same feeling. For example, when we see a “huge discount” on an item in a store or online, we often feel an urge to buy it—even if we don’t really need it. Companies know this well and profit greatly from it, exploiting our weakness for instant gratification.

If you want to change this pattern, you need to shift your mindset from immediate pleasure to long-term vision. And if you manage to do that, the benefits will be enormous. Personally, I used to spend impulsively. I can’t say I’ve completely stopped, but I’m working on reshaping my habits. My goal is to save as much as possible and steadily grow my bank balance so I won’t have to stress about money. One day, I want to reach the point where, even if I quit my job, I’ll still be able to cover all my expenses and support my family comfortably. For me, achieving that would be a huge milestone.

Of course, adopting this saving habit isn’t easy at first, because it goes against what most people are used to. But once you begin, you start to adapt, and it becomes part of your lifestyle. At the start, we often doubt whether we’re capable of it, but unless we take that initial step, we’ll never find out. So, if you truly want to save or invest, you must take action now. That first move is the most important it will set you on the right track, and soon enough, you’ll begin to see results.