The 4 Money Mindsets: Why the Wealthy Win & the Poor Stay Broke with Cary Jack

How do you spend your money? Are you buying things that elevate your life, or are you stuck in a cycle of spending that keeps you broke? The truth is, your money mindset determines your financial future. And today, I’m breaking down the four money mindsets that separate the wealthy from the broke. And let me tell ya, the fourth one might just surprise you. Stick around because this simple mindset shift can take you from scarcity to abundance in no time! First off, I gotta give credit where credit is due. My main man, Alex Hormozi, first shared this concept, and I’m expanding on it with my own insights because it really hits home. The Four Money Mindsets That Shape Your Financial FuturePoor People Buy Stuff Poor people stay broke because they spend their money on things that don’t add long-term value—like the latest iPhone, flashy cars, or expensive clothes just to impress people they don’t even like! It’s not about how much money they make—it’s about what they do with it. I know people who make six figures a year but are still stuck because they finance luxury items instead of investing in their future. If your spending isn’t improving your life in the long run, you’re going to stay in the same spot. Lazy People Buy Distractions Netflix binges, endless video games, and mindless scrolling—sound familiar? These distractions steal your attention and keep you from creating your dream life. Lazy people trade their time for temporary pleasure and then wonder why they’re not progressing. Look, I get it. I watch shows with my wife, and I scroll through the ‘gram. But the difference? I set time limits. I keep my social media use to one hour a day, and I’m more of a producer than a consumer. So ask yourself—are you using your time wisely, or are you buying distractions? Ambitious People Buy Skills Let me say it louder for the people in the back: SKILLS PAY THE BILLS. If you want to make more money, invest in skills. Coaching, courses, books, experiences—these are the things that actually increase your value. If you look at the top entrepreneurs, they didn’t get rich by being good at everything. They became the best at one or two things and then expanded. One skill I highly recommend? Sales. Mastering influence will change your entire financial trajectory—trust me on that.Rich People Buy Time This is the big one. Wealthy people value their time above all else. They don’t try to do everything themselves—they delegate, automate, and eliminate unnecessary tasks. That’s why they have assistants, cleaners, private jets—anything that saves time and increases efficiency. If you’re doing everything yourself, you’re stuck in a scarcity mindset. Start thinking like a CEO: What’s the highest and best use of your time? Invest in delegation and free yourself up to focus on what truly matters. Now that you know the four money mindsets, how do you actually shift from scarcity to abundance? Here are three actionable steps: Increase Awareness Track your finances. Know where your money is going. What you measure, you can manage. Reallocate Your Spending Take 5-10% of your income and stop buying stuff. Instead, invest in skills or delegation—hire an assistant, take an AI course, or learn a high-income skill. Buy Back Your Time Think like a CEO. Ask yourself daily: What’s the best use of my time? Prioritize the tasks that create the biggest impact and delegate the rest. If you want to increase your income, you need to focus on value creation. The more valuable you are, the more you’ll earn. It’s that simple. So, my friend, take action! Eliminate distractions, invest in skills, and buy back your time. That’s how you Happy Hustle your way to success! Connect with Cary! https://www.instagram.com/caryjack/ https://www.facebook.com/SirCaryJack https://www.linkedin.com/in/cary-jack-kendzior/ https://twitter.com/thehappyhustle https://www.youtube.com/channel/UCFDNsD59tLxv2JfEuSsNMOQ/featured Get a free copy of his new book, The Happy Hustle, 10 Alignments to Avoid Burnout & Achieve Blissful Balance https://www.thehappyhustle.com/book Sign up for The Journey: 10 Days To Become a Happy Hustler Online Coursehttps://thehappyhustle.com/thejourney/ Apply to the Montana Mastermind Epic Camping Adventurehttps://thehappyhustle.com/mastermind/ “It’s time to Happy Hustle, a blissfully balanced life you love, full of passion, purpose, and positive impact!” Episode Sponsor: Magnesium Breakthrough from BiOptimizers (https://bioptimizers.com/happy) If you've been on a restricted diet lately or maybe even taken some meds to shed those pounds for the summer, I gotta warn ya—be careful! 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