How can being a ‘Great Saver’ be a wealth block?
Sounds like an oxymoron doesn’t it? But this is actually one of the major wealth blocks among women. Great savers usually consider themselves to be much better managers of money than the spenders, but the truth is that there is often a ‘lack’ mentality associated with hoarding money away.
When you think about it in terms of wealth – are you really going to become wealthy by stashing and holding on tightly to money? For most the answer is no. What you earn in your savings account almost never beats the rate of inflation – that means that the real value of that stashed money decreases over time.