Stuck in poverty mindset

[ForeverInPoverty]

I’ve recently come into some money (couple of hundred thousand) having always been careful with money and I don’t know how to deal with it.

I see people going on posh holidays or drive fancy cars which I could now afford, but I balk at the “waste” of money.

Just because i’ve now got more, doesn’t mean the value of it has changed! Yet it seems madness not to treat myself to things i’ve gone without for years.

I know I can give to charity, friends etc, and have done. My question is more, if you’ve lived in poverty, do you ever lose that mindset?

I would say you have a frugality mindset. A poverty mindset is one in which you have nothing but as soona s you do get money, you feel the need to spend it, thus returning to poverty.

I think it's good to keep the mindset a bit, by being sensible with the money. Buy a house, invest etc. But what's the point if you're not enjoying it too? Definitely go on holiday!!