Understanding the savings mentality is crucial for millennials who aspire to build wealth in an increasingly complex financial landscape. While saving money is an essential component of financial health, it is important to recognize that simply putting aside funds is not sufficient for wealth accumulation. This chapter delves into the psychology
behind saving, the limitations of a purely savings-oriented approach, and how a broader understanding of financial growth can empower millennials to achieve their long-term financial goals. Many millennials were raised with the belief that saving money is the cornerstone of financial success.