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.

Here are the 3 mindsets and habits that make ordinary people wealthy.

Mindset #1: Grow from your comfort zone

Most people don’t become rich because they don’t take action. They just keep doing the same thing over and over again. The result? They stay where they are.

They make roughly the same amount of money and debt, year after year. And they never build wealth.

That doesn’t mean you have to jump out of your comfort zone, leave your job, and start your own business right away. Or worse, start gambling with crypto and individual stocks you read about on Reddit.

You can also build wealth whilst staying within your comfort zone. As long as you act, remain consistent, and are not afraid of failure.

Mohnish Pabrai, for example, is one of the most successful investors who came from an ordinary background.



Darius Foroux

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