Episode #285: Spender, Saver, and Wealth Creator


Everyone’s financial journey has to start somewhere before reaching their financial goals. While these goals vary from case to case, there are three different approaches or mindsets which a person aligns with while progressing toward that financial goal. However, people typically only consider two of the three approaches to financial planning; the spender and the saver. The overlooked approach of the wealth creator is critical to those whose financial goals involve a higher level of financial independence, freedom, and growth.

If a spender's approach to finances entails living off of credit and consistently being in debt, then the saver stays on the zero line since they save and spend the same amount for capital purchases. The spender exists in a state of debt, and the saver narrowly avoids it by breaking even. On the other hand, the wealth creator exists above zero and gradually increases away from it by strategically utilizing advantageous financial vehicles to achieve their goals.

In this episode of Money Script Monday, Sal highlights the overlooked wealth creator approach to finances that actively works towards growth accumulation rather than debt avoidance.

Resources Provided for This Episode

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About Sal Mendoza

Sal Mendoza is the Vice President of Field Support at LifePro. He coaches hundreds of financial professionals on how to build effective financial strategies that achieve their clients' long term goals and helps them stay educated on the latest industry trends.