The Mindsets of Wealthy People

Mindset #3: Think 50% when you spend. And 10% when you don’t

Darius Foroux
5 min readNov 28, 2023


Image by vectorjuice on Freepik

I was talking to a friend recently about strategies that make ordinary people wealthy. Often, people talk about trying to spend less by budgeting, saving more, and investing. Or working harder to earn more.

These things definitely help. But we all know that without a good budget, savings, and investing plan, it’s hard to build wealth.

After all, even rich people go broke when they spend more than they earn without saving anything.

This happens to lottery winners who suddenly don’t know what to do with their windfall. It also happens to normal folks who go bankrupt after mismanaging their finances.

Interestingly, a recent study found that most American millionaires are the owners of a regional business, such as an auto dealer or a beverage distributor. They’re not some high-flying tech CEO or social media influencer who travels to different exotic beaches every weekend.

In other words, these millionaires are normal people having normal jobs.

These millionaires might be “normal.” But they do things differently than most other folks. This is where mindset comes in. The way their mind works makes them go beyond the crowd.



Darius Foroux

Get a free excerpt of my new book, The Stoic Path to Wealth (Porfolio / Penguin), here: