The world's logic favours income makers, not the savers

[AnonBitCoiner]

Growing up I was thought that saving money is the one thing we all have to do and that if you can save successfully then that is a characteristic that would make you rich but upon stumbling cryptocurrency it has opened my eyes and made me realize that mere saving would not be enough to make me rich I have to think of a way to duplicate the money that I have but of course a lot of people tend to have different purposes in saving money

If they are saving for emergency purposes then that I can say is recommended I think that we should have money for investments and money for emergency purposes

Saving is of two types if a person wants to save money for emergency purposes then he should not use this amount for investment but if a person wants to not only save amount but also increase money then he should save money in some investment which will save his amount with multiplying mechanism.

Just saving cannot make you rich but it can reduces your hurdles during harsh situations but investment can increase your wealth. I am in the opinion that a person should save some amount of emergency purposes while there should be some investment also which can give you profit to make your life easy.

[cryptoknightt]

the only way to end this is for them to realize it and slowly change it but you know, not everyone wants to do that.
For example, if someone gets a salary, they think more about spending it on themselves now, and don't think about the future.
so I think some people already know it but they don't want to change it to suit their lifestyle.

[Juse14]

Saving is important and investing is more important. In this case, we must really know the function and purpose of our savings. Saving is not to become rich because by continuing to hoard banknotes, their value will continue to decrease. So I recommend that if you want to save wealth, keep it in the form of gold, but in the form of gold bars, not jewelry. Because if it is in the form of jewelry, when it is resold there will be a change in price because it is scratched due to use so the quality decreases.

And again, when it comes to saving, saving functions as a reserve fund or as an emergency fund, so that when you are faced with an urgent need, savings can be the answer. And this is also the reason why you should save in the form of gold, because gold is easy to sell.

And it is wrong when you think that saving is not as important as investing. In fact, by saving, our investment will be maintained. Because when faced with urgent needs, it tends to make us think short-term, which can cause our investment to be disrupted by withdrawing all the money we invested. Which ultimately causes our investment to lose money.

[G_Besar]

the only way to end this is for them to realize it and slowly change it but you know, not everyone wants to do that.
For example, if someone gets a salary, they think more about spending it on themselves now, and don't think about the future.
so I think some people already know it but they don't want to change it to suit their lifestyle.

There are many examples that we can see from our own lives and so far I have also seen most of the examples that arise from various groups of people around me regarding the use of money. Basically, we all don't need to see bad examples in people who don't think about their own future when using their own money every day. But we can still see other better examples and compare them with those who are wasteful when receiving salaries from their own work, because those who like to spend their money on themselves without thinking about the future are very wasteful people and will never be successful.

But you also need to make special research into this because there are also children of rich people who are very wasteful when they receive their salary from their work. And I think a person like that also has no problem wanting to be extravagant because he knows that he still has a lot of money when his salary is spent in just one or two days, whereas those who still live simply or are poor, of course have to be able to use the money for what they want. they need in their lives, instead of being wasteful like those rich children.

[mirakal]

Saving alone can offer you long-term security but it does not guarantee financial stability and success. Why? Because saving with fiat is prone to inflation, the more you save for fiat, the higher inflation will be. However, if you aim to save for future investment, that would be highly favorable as you don't save just to keep your money, but you do save so you can gain multiple sources to generate you with the money that you can now able to save for future needs.

While saving is encouraged as it creates safety net for future emergency needs, but investing your hard-earned money creates more advantages than just saving alone.

[Casdinyard]

People usually have the illusion that by saving money they are making a great deal, while in fact, the truth is that to save is nearly to useless when thinking on achieving financial progress in life. An independent middle class citizen, without the burden of a family on his back, can save enough money to buy the car of his dreams or the property he always desired living on, since he is commited to these goals, making a lot of effort and cuts on his expenses in order to accumulate enough money for that.

It's not easy, but not impossible, anyway. However, even though the system allows him to achieve those purchases, it doesn't allow him to maintain the patrimony and vehicle, because to possess such goods, someone has to pay yearly taxes to the government. The more expensive your car is, the higher the tax you are going to pay. The more expensive your house is and the best localized it is, the higher will be the tax to be paid.

To have to pay an annual tax for something you own and paid with your own money to possess is ridiculous...

This evil rigged system never allows a middle class hard working person to reach too further on improving his life standards. If he doesn't have a large income, he won't reach anywhere. To be a disciplined saver along decades of his life isn't enough.

Moral of the story: don't save money for more than one month. As soon as you accumulated some amount of fiat, put it into an investment and make it generate passive income for you, although you should avoid banking investments, since they usually pay below the inflation. Go for Bitcoin and assets when there isn't enough money to invest in something bigger. There is no assurance you will defeat the evil rigged system which smash common citizens, but at least you will be trying to overcome it...

Saving isn't really for "earning wealth" so to speak. It's to make sure that in situations where you would need money badly, you got something to pull out of your pocket. You can't really do that on an active investment cause everytime you pull out money you're taking value out of your assets. So the notion that "saving is useless cause you can make money while storing your money by means of investing anyway" is just a little too hasty of a thought.

If you're capable and it's possible for you to have these two, then great, but if you're someone who's not really that able to invest on anything as of the moment but is able to save a couple dollars every month then I would say go for it and save it in your emergencies account. Always remember that the smart man invests, while a genius invests and saves his money in different portfolios to make sure that his profits and losses are isolated, and that he has something to pull out of his pocket for when the situations are dire for himself.

Again, don't hate on people who save their money. They have their own thing that works for them. I'm pretty sure these people have already thought about investing themselves but otherwise voted against it due to certain factors that only they could know, and would you really hate people for just being smart with their money and finances like that?

[STT]

Moral of the story: don't save money for more than one month.

I dont disagree overall, the world is attempting to force people into more active investment.    Holding money in a bank is a kind of investment though very passive, historically the bank would in effect invest on your behalf and there was some risk in that.  That might be less true now.
  We have a world with a large bias to debt which has its problems and might one day trip over with economies becoming far more favorable to hard money economics over the current easy money meta.

My main point I would change in OP statement is instead of months, change this to years.   Ideally a person should retain a years savings not this idea of mere months.  If you dont have cash and require it fast short term the cost of that cash required can be very costly. Its better to have larger margins of error, very few people are so perfect as to only require a month or so of spare cash.  All of us can get ill at some point etc.

[poodle63]

the only way to end this is for them to realize it and slowly change it but you know, not everyone wants to do that.
For example, if someone gets a salary, they think more about spending it on themselves now, and don't think about the future.
so I think some people already know it but they don't want to change it to suit their lifestyle.

some people don't have the luxury to save money after getting some salary since they need to fill basic need, also have you heard of sandwich generation they are definitely the one that get burdened the most these days, meanwhile other people might alos not have some financial education therefore just spending it thinking that we only live once and then try to spend on some luxury thing that make them happy enough although temporarily.
even the after math of the industrial age also increase consumptivity by presenting so much stuff that we don't really need but we need to buy anyway just for the sake of getting valued high by people, since everyone just judge us from their first glance anyway, what we are wearing and so on.

but overall its difficult situation if im being honest, and I do agree that keeping money in bank for a month will just letting it get eaten by the inflation.

if we can, we should do some aggressive-active investment by moving around our money where APY is high otherwise we won't even surpass the inflation.

[franky1]

income earners
income maker
saving
investing

are 4 categories
income earners are just swapping time(labour) for money. its a one time allotment = one lump

income makers can take some income. purchase a product. sell for profit. and grow the income. making more income

savings is both not spending as much of income to cause income to last longer and also store income for later date (no/low interest)

investing is not spending as much income and putting it into an account that can play the markets. and if buy low/sell high can increase the amount saved

world logic favours income makers+investing,... not the earners+savers

[Don Pedro Dinero]

are 4 categories
income earners are just swapping time(labour) for money. its a one time allotment = one lump

income makers can take some income. purchase a product. sell for profit. and grow the income. making more income

savings is both not spending as much of income to cause income to last longer and also store income for later date (no/low interest)

investing is not spending as much income and putting it into an account that can play the markets. and if buy low/sell high can increase the amount saved

world logic favours income makers+investing,... not the earners+savers

Well, those you call 'income makers' are also doing a job, but those who exchange their working hours for fixed units of income I guess you are thinking of typical wage earners. It's not a fixed thing. Someone who has a job where they are paid by the hour, can progress professionally and get paid for a better one, and also combine work with buying and selling in their spare time.

The problem with saving is that it has a limit, but there is no limit to what you can earn, however you earn it. So it is better to focus on the latter.

[uneng]

It looks like most people prefer to save money for longer periods of time than one month before investing what they have accumulated, mainly due to emergencies reasons. That is understandable, but on this matter I still prefer to not wait for too long, especially now that we are near to a potential increasement in Bitcoin price, so every progress you can make on your portfolio for now, more profit you are going to make soon. It's like 'once in a life' opportunity which shouldn't be wasted.

Emergencies might happen, indeed, but we also have to analyze the current circumstances and events which are going to happen soon and how benefical they could be to us and regards more efficient preparations for future possible emergencies. Does it sound like irresponsibility? Maybe... But I can't see my money losing price idle 6 months or 1 year at the bank. For me, the real emergency here is to exchange it into something which has a real value as soon as possible...

[franky1]

are 4 categories
income earners are just swapping time(labour) for money. its a one time allotment = one lump

income makers can take some income. purchase a product. sell for profit. and grow the income. making more income

savings is both not spending as much of income to cause income to last longer and also store income for later date (no/low interest)

investing is not spending as much income and putting it into an account that can play the markets. and if buy low/sell high can increase the amount saved

world logic favours income makers+investing,... not the earners+savers

Well, those you call 'income makers' are also doing a job, but those who exchange their working hours for fixed units of income I guess you are thinking of typical wage earners. It's not a fixed thing. Someone who has a job where they are paid by the hour, can progress professionally and get paid for a better one, and also combine work with buying and selling in their spare time.

The problem with saving is that it has a limit, but there is no limit to what you can earn, however you earn it. So it is better to focus on the latter.

difference between income earners and income makers is:
earners are employees, controlled by the amount their boss assigns to them for performance
makers self employed, they control their own income amount, based on own performance

..
as for later when success/goals are hit.. there are other logics of if people can hold onto wealth or squander it

those who envision a rich life to then live the dream of "YOLO luxury" is doomed to see poverty again later
those who envision a rich life to escape the worry of bills, paycheque-to-paycheque living, are more likely to stay rich

..
also how they cover even just their basic necessities once in the rich life..
if they are just grabbing assets to sell assets and spend. they wont last
if they however get high appreciating assets and only subtract part of the gain and not touch the capital it will last

savers save to spend later
investers accumilate to live off the gains to not have to worry about bills

[DVlog]

the only way to end this is for them to realize it and slowly change it but you know, not everyone wants to do that.
For example, if someone gets a salary, they think more about spending it on themselves now, and don't think about the future.
so I think some people already know it but they don't want to change it to suit their lifestyle.

This is how our society thinks: by dreaming about achieving someone else's life. We should live our own lives and invest in ourselves rather than keeping them in the bank which has been used by corporations to make money. If you look at a country's inflation rate and bank interest, then you will see we are not actually making any money by saving our cash in the bank. Either we are losing money or sitting at a breakeven point. Our dream should motivate us to build ourselves so that we can make fortunes and not bring more liabilities into our lives.

[umbara ardian]

In environments with limited access to credit, saving for emergencies is not just a good practice, it's a lifeline. Unexpected medical bills, job loss, or unforeseen repairs can send anyone into financial turmoil. Having a buffer of savings provides peace of mind and protects individuals from falling into debt traps.

However, it's true that simply letting money sit idle can be detrimental. Inflation steadily eats away at its purchasing power, rendering it less valuable over time. This is why simply stashing cash under your mattress might not be the wisest strategy.

Investing your savings, whether in businesses, the stock market, or other assets, can help counter inflation and potentially grow your wealth over time. This not only benefits you, but also contributes to the economy by providing capital for businesses to expand, hire more people, and create new opportunities.

[indah rezqi]

the only way to end this is for them to realize it and slowly change it but you know, not everyone wants to do that.
For example, if someone gets a salary, they think more about spending it on themselves now, and don't think about the future.
so I think some people already know it but they don't want to change it to suit their lifestyle.

This is how our society thinks: by dreaming about achieving someone else's life. We should live our own lives and invest in ourselves rather than keeping them in the bank which has been used by corporations to make money. If you look at a country's inflation rate and bank interest, then you will see we are not actually making any money by saving our cash in the bank. Either we are losing money or sitting at a breakeven point. Our dream should motivate us to build ourselves so that we can make fortunes and not bring more liabilities into our lives.

Knowledge without practice is like a tree without fruit, perhaps this sentence is relevant in a broader sense. When we understand well how money works, we just need to do it, that's all. In the current era, there is a lot of information that can be obtained for free, without requiring a lot of effort to learn, about anything, including how to manage money or income well. However, most people are just curious, without taking a stance to make any investment or business, which could ultimately benefit us.

Most people still put temporary desires when have income, traveling, buying new clothes, eating at luxury restaurants and so on. Actually, that's understandable, but living with the assumption that "while it's there, we'll just enjoy it" is a fatal mistake. We need to learn how to plan, by managing income properly and correctly. Investment in my opinion is one of the many options available, which is essentially how we manage income into profit.

[Fortify]

People usually have the illusion that by saving money they are making a great deal, while in fact, the truth is that to save is nearly to useless when thinking on achieving financial progress in life. An independent middle class citizen, without the burden of a family on his back, can save enough money to buy the car of his dreams or the property he always desired living on, since he is commited to these goals, making a lot of effort and cuts on his expenses in order to accumulate enough money for that.

It's not easy, but not impossible, anyway. However, even though the system allows him to achieve those purchases, it doesn't allow him to maintain the patrimony and vehicle, because to possess such goods, someone has to pay yearly taxes to the government. The more expensive your car is, the higher the tax you are going to pay. The more expensive your house is and the best localized it is, the higher will be the tax to be paid.

To have to pay an annual tax for something you own and paid with your own money to possess is ridiculous...

This evil rigged system never allows a middle class hard working person to reach too further on improving his life standards. If he doesn't have a large income, he won't reach anywhere. To be a disciplined saver along decades of his life isn't enough.

Moral of the story: don't save money for more than one month. As soon as you accumulated some amount of fiat, put it into an investment and make it generate passive income for you, although you should avoid banking investments, since they usually pay below the inflation. Go for Bitcoin and assets when there isn't enough money to invest in something bigger. There is no assurance you will defeat the evil rigged system which smash common citizens, but at least you will be trying to overcome it...

This is ok advice, but the world is a turbulent place and it may be better if you can save 3 or 6 months worth of bills. It's worth considering right now that you can get zero risk savings accounts that are paying 5% interest. Before the recent inflation boom, those same savings accounts were offering more like 1%. It makes great sense, if you find solace in having a nice savings buffer to feel secure, to keep beyond one month of money in a close to liquid form. You may even decide to use savings bonds, which lock in your cash but give you slightly better rates, for a year or even 3. When the interest rates start to drop again, these sort of saving accounts will disappear and the rate you get paid will drop back, forcing people to invest for higher returns again.

[cakravothy]

supports the source of income because it is taxed more than just saving. saving tax is small. while income tax is very high.
So all countries are certainly in favour of income earners and not in favour of savers only in terms of taxes.

[JeffBrad12]

In environments with limited access to credit, saving for emergencies is not just a good practice, it's a lifeline. Unexpected medical bills, job loss, or unforeseen repairs can send anyone into financial turmoil. Having a buffer of savings provides peace of mind and protects individuals from falling into debt traps.

However, it's true that simply letting money sit idle can be detrimental. Inflation steadily eats away at its purchasing power, rendering it less valuable over time. This is why simply stashing cash under your mattress might not be the wisest strategy.

Investing your savings, whether in businesses, the stock market, or other assets, can help counter inflation and potentially grow your wealth over time. This not only benefits you, but also contributes to the economy by providing capital for businesses to expand, hire more people, and create new opportunities.

honestly if its for emergency need we could just easily pay insurance and get good access to healthcare etc, saving instead will get you poor if we suddenly get unexpected medial bill that gonna be 100% really high, lets be real right now we can be saving all of our income but if we suddenly get some medical condition that needs treatment most of the time money that get saved up not necessarily enough to pay the medical bill since sometime the medical bill is some highly inflated prices only suited for those that owned insurance.
i don't think its gonna be viable indeed, this world is definitely and obviously favour income maker not the saver if we can get high income that means we are already so secured already and if what we can do is just save well lets enjoy the slow life because our money saved up will also slowly increasing.
the key is getting good income then we can thrive thinking about other thing like increasing our wealth and so on, let the insurance take care of emergency things.

[tsaroz]

People usually have the illusion that by saving money they are making a great deal, while in fact, the truth is that to save is nearly to useless when thinking on achieving financial progress in life. An independent middle class citizen, without the burden of a family on his back, can save enough money to buy the car of his dreams or the property he always desired living on, since he is commited to these goals, making a lot of effort and cuts on his expenses in order to accumulate enough money for that.

It's not easy, but not impossible, anyway. However, even though the system allows him to achieve those purchases, it doesn't allow him to maintain the patrimony and vehicle, because to possess such goods, someone has to pay yearly taxes to the government. The more expensive your car is, the higher the tax you are going to pay. The more expensive your house is and the best localized it is, the higher will be the tax to be paid.

To have to pay an annual tax for something you own and paid with your own money to possess is ridiculous...

This evil rigged system never allows a middle class hard working person to reach too further on improving his life standards. If he doesn't have a large income, he won't reach anywhere. To be a disciplined saver along decades of his life isn't enough.

Moral of the story: don't save money for more than one month. As soon as you accumulated some amount of fiat, put it into an investment and make it generate passive income for you, although you should avoid banking investments, since they usually pay below the inflation. Go for Bitcoin and assets when there isn't enough money to invest in something bigger. There is no assurance you will defeat the evil rigged system which smash common citizens, but at least you will be trying to overcome it...

Truly said. Keeping money on banks are actually a loss as it doesn't beat the inflation most of the time.
Investment are the way to go and in case of emergency, there are liquid investments that could give you instant cash. Though you would not achieve your investment goals, emergency is something unpredictable and rare. 
Investment should be diversified and most of it should be on low risk sectors. You should only try new and risky things with money you can afford to lose.
The goal should be getting a good passive income stream you can depend on. Work hard while you can and retire from your day job as early as possible. Investment management is a life long work and when you have money, you can employ people to do most  of it.

[harapan]

Saving is not also a bad idea,saving more money makes you prepared for emergencies while making more money makes you have enough money to save.The two works together,but the goal is to achieve financial success.

Inasmuch as the cost if living increases with time,to me,no money is enough money that can last you a lifetime.Just so that your lifestyle increases at every point in time,like wanting a new car,a new house,getting married and even the addition of a child.So saving money is easier but earning more money is better for improving your lifestyle.
 In order to make a way for generating a passive income,you accurately increase your income and have enough to save.
You need to be able to make money in order to save.