I worked with a guy named Mike. He runs a killer fabrication shop, top of the line stuff. His business is crushing it.

But here’s the thing—Mike’s relationship with money? Total mess.

Even though his shop was successful, the dude was haunted by his past. Grew up broke. Never shook that feeling, even when he started making good money.

So, when he hit me up?

He was stressed. Sleepless nights. Constant worry. You know the type.

He was running a booming business, but his finances?

That’s where things got tricky.

So we sat down and had a real conversation. No fluff. No BS.

I told him straight up:

“You gotta stop letting your past screw with your present.”

Mike had been dragging around this baggage for too long. We needed to sort it out.

We dug deep into the fears he’d been carrying around.
And then we built a plan.

Not some cookie-cutter financial plan.

This was dialed in, just for him.

We mapped out how he was going to protect his money, how to handle his cash flow, and how to make sure his business stayed solid.

It wasn’t easy.
But Mike stuck with it.

Fast forward a few months…

The transformation was INSANE.

Mike’s more relaxed, sleeping better, and finally enjoying the success of his business.

He took time off. Actually enjoyed life. And now? He’s got control over his finances instead of the other way around.

The takeaway?
If you’re running a business but your personal finances are a mess, it’s time to take control.

Mike did it, and so can you.

If you’ve listened to Dave Ramsey, you know the drill: cut up the credit cards and live on rice and beans.

For many, especially those getting out of debt, that’s solid advice.

But what if you’re in the seven- or eight-figure net worth club?

Is it time to re-evaluate the playbook? Absolutely.

If you’re wealthy, you don’t need to fixate on frugality.

Sure, don’t be reckless, but if you’re making millions, there’s a better way to use your money than stressing over small expenses.

High-net-worth individuals have different goals.

The objective isn’t just to save; it’s to optimize.

Put your money to work in ways that help you grow and enjoy life.

Think of spending as an investment in yourself and your future.

For those with substantial net worth, spending should be strategic.

Invest in experiences that bring joy, education, or new relationships.

If you’re worth seven or eight figures, attending an exclusive event isn’t just a splurge.

It’s about expanding your circle, gaining insights, and discovering opportunities.

You’re not wasting money; you’re spending to grow.

Consider the opportunity cost of being overly frugal.

If you’re a high earner, your time is valuable.

Why waste it hunting for bargains?

Those hours could be spent closing deals or enjoying success.

If you obsess over small savings, you’re losing sight of the big picture.

That’s energy you could invest in activities that move the needle—like
developing new products or deepening client relationships.

Instead of cutting costs everywhere, focus on spending where it matters.
Here’s where your dollars can do the heavy lifting:

Personal Development: Hire a coach, take a course, attend seminars—whatever sharpens your edge.

Networking: Spend on events that connect you with high-impact individuals.
Health and Wellness: Invest in your well-being; it’s foundational.

Business Investments: Focus on areas that drive growth—marketing, talent, and innovation.

Philanthropy: Give back to causes you care about. It builds goodwill.
Frugality is fine when starting out, but once you’ve built significant wealth, your mindset should shift.

Think about how to spend better, not just save more.

Every dollar should align with your bigger goals.

The goal isn’t to live like a monk when you’re worth millions; it’s to create value for yourself and those around you.

Life is short, and money is a tool. Use it wisely.

Dave’s advice has its place, but it’s not the only way.

If you have a seven- or eight-figure net worth, your strategy must evolve.

Optimize, don’t just minimize.

Spend where it matters, invest in experiences that fuel growth, and avoid the trap of frugality for its own sake.

You’ve earned it—make it work for you.

Play the bigger game. Make smart choices, spend intentionally, and let your money amplify your life.