Srinagar, May 1 -- People with a poor mindset often chase bargains, but not value. They spend hours hunting for discounts, buying things they don't need. Many use credit to fund purchases, turning consumer goods into long-term debt. Cars, phones, and vacations become liabilities when financed through loans. This pattern often leads to living beyond one's means, with expenses far outpacing income.

Short-term gratification plays a big role. Immediate rewards, even small ones, are prioritized over long-term security. That's where the cycle begins, and deepens.

In contrast, a rich mindset emphasizes delayed gratification and smart spending. These individuals buy less, but better. They invest in assets-stocks, real estate, and education-whil...