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13 Things Rich People Never, Ever Say

Being financially successful is part skill and part attitude. Here’s how you can get into the mindset of rich people.

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“Saving and investing are the same”

These two words are used to describe what people do with money they’re not actively spending, but they are actually entirely different actions. And while they both have their benefits, rich people are more invested in, well, investing. “The wealthy understand that their savings has to be invested in order to have the potential for compound growth,” says Wes Moss, Certified Financial Planner and author of You Can Retire Sooner Than You Think. “Savers have a fear mentality, stash their money away in the bank, and never really get momentum from their assets. Investors, on the other hand, have their assets invested in areas that over time have produced high single-digit or low double-digit annual returns.”

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"Can I afford it?"

You’re probably thinking, “Of course rich people don’t say that. They know they can afford anything they want!” And, you’re right. But they do ask a similar, but more important question: Is it in the budget? “Money management is incredibly important to the wealthy. Additionally, their way of thinking changes based on the amount of wealth they have,” says Julie Ramhold, consumer analyst with DealNews. “Those with little wealth should ask themselves how soon they can begin investing in assets, while those with more wealth can ask things like, ‘Can I pay for this big ticket item in cash?’”

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“It’s all my fault”

You can tell a lot about a person by how they respond to their failures. Surprisingly, you can use this same metric to determine how wealthy someone is. Lou Haverty, CFA, says that in his experience, people who have earned their wealth describe shortcomings as temporary issues that are out of their control and successes as events that they directly influenced. “So a bad sales presentation was due to a wrong fit with the audience rather than due to a bad sales pitch. A successful sales presentation was directly due to a well-presented pitch,” he explains. “Over time this type of positive thinking becomes ingrained in the person’s view of them self and they’re able to more easily bounce back from setbacks and enjoy longer successful streaks.” Check out these 10 other traits you need to become a millionaire.

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“I’m too busy”

Rich people know that prioritizing is key in order to achieve their goals in the most efficient way possible. “If it’s truly something that will help you advance your business and add to your wealth, you will make time for it, even if it means stopping or handing off something else that is less important,” says Jack Anzarouth, founder and president of Digital Ink Marketing.

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“I’m not good with money”

“If we believe that handling money is complicated, then we are likely to make it overly complicated,” says Yvonne Lines. “However, just like we can learn any new skill, we can learn to be good with money.” That means not relying on someone else to organize our finances for us. If you have direct control over your own accounts, you are able to notice your own spending habits and learn how to make the best choices to better your financial situation.

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“I have money, so why not spend it?”

It’s OK to treat yourself with your extra income, but rich people know that careless or unnecessary spending can turn into an ongoing self-destructive tendency. Bob Finley, owner of Virtual Asset Management, says that his high net worth clients question whether a purchase will really improve their lives before following through. “Most of my clients don’t splurge on investments. Despite being able to afford first class, most of my clients always fly coach because they know the cost of first class is multiple round trips in coach.” Here are 13 more things rich people never waste their money on.

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“I can’t handle this problem”

To achieve financial success, you need to know how to creatively solve problems and have the self-confidence to carry out those solutions. Ian Beed, CEO and lead writer for Markets Nerd, says that over the course of his career in financial services, he has seen the most successful people as themselves, “What can I do to solve this problem?” when faced with a challenge. “This question embodies their internal strength to tackle any problem in front of them and their overall bias toward solving problems,” he says. “Answering this question has helped the richest and most successful people I know solve challenging problems and create businesses and products to help many more people.”

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“I’m not smart enough”

A 4.0 GPA isn’t a requirement for success. In fact, a study showed that the average college GPA of American millionaires is 2.9. “Those with exceptional academic performance can evaluate risk too stringently, coming up with dozens of reasons why an idea will not work and refusing to act,” says James Whittaker, author of Think and Grow Rich: The Legacy. “However, the most extraordinary achievers spend more time focusing on the opportunity. Obsessed with mission success, they surround themselves with the people who can bring their dream to life and get to work on changing the world.”

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“How much can I earn from this investment?”

Many people start investing because of the money they believe they can gain from it, not to mention all of the great things they can buy with that money. Instead, Finley’s clients focus on the worst-case scenario and ask, “What is the risk of this investment?”

“I think this mindset is important because it helps prevent them from taking large losses in anything they spend their money on,” Finley says. “Even when looking at a car, they want one that has a higher resale value. They are focusing on the exit plan and the protection of their money.”

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"I don't need to save money"

Everyone knows the importance of saving money—and that includes the people you may assume don’t have to save up. “A fair amount of wealthy are quoted as being very frugal,” Ramhold says. “They could be millionaires, but that doesn't mean they won't clip coupons to receive the best prices on their weekly grocery trips or look for the best deal on something they want to buy.” That’s right, you’re never too rich to hit up a Target sale or use those grocery store coupons. You should also know these 17 habits of people who are great at saving money.

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“I don’t have time for this”

According to Jeremy Larner, entrepreneur and president of JKL Worldwide, there is nothing more valuable in this world than time. While we all experience times when we feel like there’s just not enough time, rich people don’t complain and worry how they will get things done. Instead, they say, “How does this investment (of time) fit into the pursuit of my goals?”

“When we reorient the question into a more proactive and positive light, the answer to that question is much less convoluted. ‘Does this investment further my financial goals, my peace of mind, or my personal relationships?’” he says. “Framing the language around time like it is the worthiest of investments will allow you to clarify in your own mind what is, in fact, worthy of your time and energy.”

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"I think I'm rich enough"

This one isn’t that surprising. Once people who earn financial success get a taste of what living rich is like, why would they want to go back to their previous way of life? “Wealthy people are largely looking to find ways to make more money,” Ramhold says. “This means being smart about investments, whether that's stock in companies or properties they intend to sell.” But making more money also means finding opportune ways to save money, like driving practical cars and living in modest homes. On the other hand, these are 19 things rich people never do.

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“If …”

Strike the word from your vocabulary! Rich people frame their thoughts and goals around when, not if, they will happen. “The 'if' mindset assumes there might or might not be a possibility, whereas the when mindset does not doubt and is determined,” says Anna Nguyenova, an operations and strategy expert and the VP of Operations at an LA startup.“It sets the intention and establishes a vision in our mind which in turn puts us on our path to achieve it. Subconsciously or not, we are more likely to take appropriate action when we have established our end goal.” Don’t miss these 26 secrets rich people won’t tell you about their lives.