Minimalism and Money: A Path to Building Wealth?

I’ve noticed a lot of talk about minimalism lately, especially around decluttering and simplifying life. It got me wondering how that mindset applies to finances. Does cutting back on non-essentials and focusing on what you truly value actually help you build wealth over the long run, or is it more about just feeling in control? I’m curious to hear from others who might have tried this approach. Have you found that spending less on things you don’t really need has made it easier to save or invest for bigger goals? Or do you think there’s a risk of being too restrictive? I work in hospital administration, so I’m used to budgeting and efficiency, but applying that to personal spending feels different. Would love to get your perspectives.