Codie SanchezFounder @ Contrarian Thinking

Does Saving Make You Wealthy?

3 Sept 2024 · 0 min

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Short excerpt from a talk by Codie Sanchez arguing that very wealthy people focus less on simply saving and more on making every dollar productive—seeking ways for money spent to return amplified value—contrasting a scarcity saving mindset with a growth/earning mindset.

Really, really rich people do not think about saving. They think about, how can every one of my dollars be more productive? People who are saving think, how can I not spend anything? People who are earning and growing think, how can I make every dollar that I spend bring friends when it comes back to me? And I think that's the material multiplying it, right? As opposed to just, can I just save it over here under the mattress?