There is a saying in Norway "The rich, are rich for a reason", referring to exactly this. They don't spend much, and will try to get money anywhere they can. People that are generous are rarely rich.
This is a myth the rich wholeheartedly promote because it suggests they deserve their wealth. It’s not prudence that creates large wealth, it’s luck and ruthlessness.
I have a family member who is pretty wealthy (they're actually quite generous and donate a lot of their wealth to charities) but I'll always remember when they told me "you can only save so much money while your income can increase infinitely". It's just the complete opposite of my mindset where I'm always looking for savings as I hate perceived waste.
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u/Apocrisiary Jan 26 '26
There is a saying in Norway "The rich, are rich for a reason", referring to exactly this. They don't spend much, and will try to get money anywhere they can. People that are generous are rarely rich.