The Dark Side of being "Good with Money"

September 24, 20251 min read
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Frugal or stuck in scarcity?

On the surface, they can look the same skipping luxuries, budgeting, hunting for deals. But the mindset behind those choices makes all the difference. One builds freedom and options. The other keeps you trapped in fear.

In this video, we’ll break down:

✅ The key difference between frugality and scarcity

✅ Real-life examples from Warren Buffett, LeBron James, Sara Blakely, and more

✅ Why frugality is the foundation of wealth but not the final destination

✅ How to know if your money habits are protecting you… or holding you back

If you’ve ever wondered whether you’re being smart with your money or letting fear run the show this is for you.

💡 Want to go deeper? Subscribe to my weekly newsletter (https://www.canbewealthy.com/) where I share practical strategies to break free from scarcity and build lasting wealth.

📌 Don’t forget to like, subscribe, and drop a comment: Are your habits rooted in frugality or scarcity?

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Salena Kulkarni

On my YouTube channel, I share key takeaways from the books I read and the lessons I learn along the way. From productivity tips to business insights and life advice, it’s all about growing and improving together.

For the 20+ years I have been supporting others to walk the path towards financial independence by sharing strategies, tools, insights and wisdom normally coveted by the wealthy.

As a Chartered Accountant and private investor, I created I Can Be Wealthy to fill the gap I wish someone had filled for me when I was starting out: real-world financial education for people who weren’t born into money.

My own journey wasn’t smooth. I spent years working hard, earning more, but never feeling ahead.

I saved for 7 years to buy my first home, made every money mistake in the book and nearly gave up more than once.

But through trial, learning, and eventually investing wisely, I built financial freedom and now I help others do the same, faster and with fewer detours.

This isn’t just about money. It’s about giving people back agency, confidence, and a life with real choices.

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Join the movement to change the way we talk about money.

Written by a Chartered Accountant with 25+ years of experience. No fluff. No guilt. Just what works

Every week I share, my notes from the field, and ideas that will help you break free, build a real plan, and start creating a future you actually want.

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