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Five truths wealthy people live by
They’re not smarter or luckier, they just figured these out early. Here’s what they know that most people miss.
Hey — it’s Lee from Refresh.me.
Over the years, I’ve noticed something about people who quietly build real wealth. They’re not necessarily the flashiest, smartest, or luckiest.
They’re just the ones who figured out a few simple truths earlier than everyone else, and then actually lived by them.
Today, I want to unpack five lessons that keep coming up when you study the people who’ve made money feel like a tool, not a trap.
In today’s issue:
💵 Five truths that wealthy people live by
🤘 Budget Breakdown: 26-year old with a $120k salary
🛍️ Are luxury handbags…an investment?
🔍 Deep Dive: Five truths wealthy people live by
1️⃣ Money Is a Mirror
We all start out thinking money will fix things. But the people who’ve truly “made it” say the opposite: money amplifies what’s already there.
If you’re disciplined, wealth gives you freedom. If you’re impulsive, it magnifies the chaos.
The first step to building wealth isn’t a high-yield account or an index fund, it’s emotional stability. The rich learn how to delay gratification, regulate stress, and stay clear-minded when everyone else is chasing dopamine.
That’s why financial success often follows emotional maturity.
2️⃣ The Real Flex Is Time
Money without time isn’t wealth, it’s just potential.
The rich get this fast. They spend the first part of their life trading time for money, and the rest of it finding ways to reverse that equation.
That’s what investing, automation, and systems are really about: buying back your time.
It’s not just about “passive income.” It’s about designing a life that scales you.
So if you want to get wealthier, stop asking “how do I make more?” and start asking “how do I need less of my own time to make what I already make?”
3️⃣ Attention Is the New Currency
Every wealthy person I know guards their attention like it’s cash.
They don’t chase every headline or distraction. They set boundaries on news, on people, on dopamine.
Why? Because your focus determines your future.
If you can keep your mind from splintering into a thousand tabs, you’ll eventually outperform 99% of people who can’t go 10 minutes without checking their phone.
Wealth isn’t just built from financial returns, it’s built from mental returns. Focus compounds.
4️⃣ Freedom Has a Number
Ask someone rich what “enough” means, and you’ll rarely hear “infinite.”
They know exactly what number gives them peace. The rest is noise.
When you define your own version of “enough,” you step off the treadmill of comparison. You stop chasing someone else’s highlight reel and start building your own autonomy.
That’s when money stops being emotional, it becomes mathematical.
5️⃣ Systems Beat Willpower
The wealthy don’t rely on daily motivation. Instead they build money machines that run whether they’re inspired or hungover. Auto-investments, tax-optimized accounts, standing orders, and “no-touch” rules turn discipline into default. Willpower fades; a well-designed system scales. Want to win long-term? Stop trying harder, and start engineering smarter.
💡 Put it Into Practice
Pick one system to automate this week:
📈 Set up a 10% auto-transfer to investments the day you get paid, or 🪣 create a “no-touch” savings bucket for emergencies.
Watch how removing will power turns good intentions into unstoppable habits. Your future self just sent a thank-you note.

💵 Budget Breakdown: Erin’s Nashville Money Glow-Up
Meet Erin, 26, a Nashville homeowner and content creator pulling in $6,772 take-home monthly. In her Instagram reel from this week, she drops a no-BS budget that’s equal parts “adulting win” and “spreadsheet goals.”
Here’s the breakdown:
Mortgage (with taxes & insurance): $2,585 – her only debt, and she’s building equity like a boss.
Essentials: $1,435 – utilities, groceries, gas, HOA, pet insurance… the stuff that keeps life running.
Fun money: $1,415 (22%!) – coffee, shopping, spontaneous vibes.
Savings & investments: $1,354 (20%) – auto-transferred to future Erin’s dream fund.
Her big flex? Tracking isn’t punishment, it’s power. Every dollar has a job, and she’s the CEO. If this has you itching for your own budget glow-up (she shares her template!), what’s one “want” you’re giving yourself permission to keep? Reply to this email and let me know! 📧
👉 Takeaway: Erin proves you don’t need a six-figure salary to live well and stack wealth, just intention, automation, and a little Nashville swagger. Automate your savings first, and treat it like a non-negotiable bill. Once it’s gone, you’ll budget the rest with zero guilt and maximum freedom.
What's YOUR fun money percentage? |

🔗 Quick Links
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🛍️ Are luxury bags like Birkins…an investment?
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P.S. — Are you on X? If so, follow me on X/Twitter to catch my daily thoughts on personal finance and engage directly with me.
Every generation’s money trauma becomes their financial playbook:
Boomers: Post-war boom → “Work hard, save everything”
Millennials: 2008 crash → “The system is broken”
Gen Z: Everything unaffordable → “Why play by these rules?”
— Lee Schmidt (@leeschmidt123)
3:02 PM • Aug 8, 2025
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