Saving don't make wealth

[MissNonFall9]

I quite agree with what you say that saving alone will not make you rich, but it must also be accompanied by investment which can be in the form of shares, bonds, or bitcoin. Because the concept of saving itself is an effort made by someone to set aside their money to be used in the future for their various needs - so the value of the money will be fixed and may decrease due to inflation. However, if someone invests, it means they will be able to potentially gain increased value from the instruments they invest in and this can provide them with added value to their economy.

Just as saving does not make a man rich, saving will deprive a young man of the freshness of money. That is why he will not save part of his income, that might not be the right idea. Because saving today can help tomorrow. A healthy normal person must move forward, he should run if he cannot do that he should walk, if he cannot even roll then he should move forward and not stop moving forward. So a young man has to collect and save money for his future life.

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[Bravut]

Just as saving does not make a man rich, saving will deprive a young man of the freshness of money. That is why he will not save part of his income, that might not be the right idea. Because saving today can help tomorrow. A healthy normal person must move forward, he should run if he cannot do that he should walk, if he cannot even roll then he should move forward and not stop moving forward. So a young man has to collect and save money for his future life.

Are you trying to prove that saving is what builds the future and dream life of a man?
Your point isn't  clearly expressed, as you don't have a base about what you're saying.
If you understand the point, you will know that saving for tomorrow is over-emphasised, am not saying you shouldn't save but to let you understand that saving fait is degenerating and also as  a young man you should look at the future with a investing mindset as saving doesn't increase the money and will not get you the dream life you want.

I see some persons comment saying if you stack up a $1m you are rich, no doubt but that's still the money you didn't have intention of using which you stack but the money didn't do any work for you, you're still with your money. Alright what's gonna be your plan after having such money will you continue saving, NO. You are gong to spend it on other stuff and still repeat that same cycle again. Why not view in the context of money working for you (investing).
How will you judge someone who is saving up $10k with a goal of reaching $500k to purchase something and another investing same $10k in Real Estate what is both fate?

We should understand the clear distinct between Richness and  Wealth so as to know what road we are on.

As a young individual saving for tomorrow is a bad logic that one should abide by, you can save but all your finances shouldn't be centred on saving, but rather investing for tomorrow .

[ferida504]

Investment is really important in order to get wealthy but it's not right to say that saving makes people poor. In fact saving is the first stage of investing, if you don't save money then how could you invest it? I believe saving and investing work simultaneously.

If someone who's good at saving then that person can invest some money in Bitcoin and a few other assets in order to earn revenue when the Bitcoin or those other assets gain value. By following a DCA strategy, and holding your Bitcoin, you can gain profits and that's similar to saving, I guess DCAing and holding is similar to saving.

The old paradigm is that by saving we will be rich, but that is wrong because the mathematical concept of saving means we have lost or are left behind because saving is actually only a temporary concept for at least a month or at most three months. If you want to progress then whatever type of investment you invest, because investment will continue. there is a movement of at least 2 percent per year, we can imagine if our investment takes a long time. There are various types of investment, from land to gold, but we also have to be careful when investing, so we don't get cheated

[STT]

Dont save Dollars to be brief, it wont reward you.  Dollars are debt based and you are juggling politics and an unstable monetary base, the import export balance and a variety of considerations.   Dollar can gain at some times like any asset, you may even appear to gain an interest return but overall the record is clear; losses continually for over a century now.  
Certainly its true since the 1970's that Dollar cannot its lost value, the benefits if any are paid elsewhere not to holders of this promissory note.

Savings is something you can put your head on at night and know it will still exist in the morning.  The ideal being a gain on what you saved like a good harvest.  The Dollar story is about promising to only lose you 2% except when it trips up then maybe even more.  Maybe one day it loses 100%, actually thats almost a certainty hence saving is contradictory tbh.

[AVE5]

To be clearer about this savings that doesn't bring wealth Op, I hope you mean saving on sector that doesn't bring profit returns such as saving in fiats just accumulating for the future use and not saving on bitcoin which has the potentials to bring profit returns?

Talking about how we can invest with our profits remember leaving your bitcoin profits there at the bitcoin investment is automatically that you're accumulating more to your assets that's to say your assets is as well growing so on as much we keep up holding with our bitcoin, we're potentialed to meet wealth against our tomorrow.
It's also wise on diversifying our income sources to different places so that we can be more confident to say we're growing in wealths with an excitement that we've different sources generating us with funds but saving where the saved fund is stagnant definitely has no that ability to bring us that wealth for the future use.

[rangga28]

Investment is really important in order to get wealthy but it's not right to say that saving makes people poor. In fact saving is the first stage of investing, if you don't save money then how could you invest it? I believe saving and investing work simultaneously.

If someone who's good at saving then that person can invest some money in Bitcoin and a few other assets in order to earn revenue when the Bitcoin or those other assets gain value. By following a DCA strategy, and holding your Bitcoin, you can gain profits and that's similar to saving, I guess DCAing and holding is similar to saving.

The old paradigm is that by saving we will be rich, but that is wrong because the mathematical concept of saving means we have lost or are left behind because saving is actually only a temporary concept for at least a month or at most three months. If you want to progress then whatever type of investment you invest, because investment will continue. there is a movement of at least 2 percent per year, we can imagine if our investment takes a long time. There are various types of investment, from land to gold, but we also have to be careful when investing, so we don't get cheated

Yes, that is true, if someone already has enough money then saving is not the right solution but rather investing. For example, in the case of several people in my area, when the harvest season arrives, the money they collect is immediately transferred to gold, this is certainly a good action to maintain the value so that it will not decline.

[Bravut]

To be clearer about this savings that doesn't bring wealth Op, I hope you mean saving on sector that doesn't bring profit returns such as saving in fiats just accumulating for the future use and not saving on bitcoin which has the potentials to bring profit returns?

For clarity saving in fait isn't promising and sustainable in a long run, saving in bitcoin is promising as its has potential profit returns in along run.
Saving in fait currencies has no value, your money is just lying without any purpose, but investing in other sectors be it in Bitcoin market by accumulating the fuck out of bitcoin,  Real Estate, Gold, IT, etc you're putting your money into work which will be of great benefit in the future.

We have been poorly oriented that saving fait builds or will give us the dream life we want, of which isn't true but the reverse is the case.

[MisterSay]

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Yes, that is true, if someone already has enough money then saving is not the right solution but rather investing. For example, in the case of several people in my area, when the harvest season arrives, the money they collect is immediately transferred to gold, this is certainly a good action to maintain the value so that it will not decline.

Purchasing gold is considered an investment traditionally, but I think investing in gold is mainly a hedge against inflation and help preserve wealth, and this doesn't align with contemporary sense of investment, which is putting wealth into assets or corporation with the expectation of generating returns. The decision to invest should be based on financial goals. These investments typically involve taking on some level of risk in exchange for the potential for higher returns over time. Investing in gold may not align perfectly with the current definition of investment as wealth generation, but it's still a valuable purpose in protecting wealth and hedging against economic instability. Preserving wealth and mitigating risk may take precedence over seeking high returns, especially during uncertain economic conditions.

[SamReomo]

Yes, that is true, if someone already has enough money then saving is not the right solution but rather investing. For example, in the case of several people in my area, when the harvest season arrives, the money they collect is immediately transferred to gold, this is certainly a good action to maintain the value so that it will not decline.

Yes, I think you're actually right, when someone already has enough money then it's far better to go with investing then saving. The people of your area who are investing in gold are doing the right thing because fiat can lose value overtime but gold is known to gain value and thus it's much better to purchase gold or invest fiat into gold to protect the value of it and also gain some profits.

[livingfree]

Yes, that is true, if someone already has enough money then saving is not the right solution but rather investing. For example, in the case of several people in my area, when the harvest season arrives, the money they collect is immediately transferred to gold, this is certainly a good action to maintain the value so that it will not decline.

Those that understand how important it is to have both. When they're done saving their money, they'd choose to have some investments as well.

And while the others are saving, you have to ask them what they're saving for. Because what I know with many, they're saving for a few things and that's to invest and for emergencies.

Otherwise, those that don't have any reason why they're saving is because that they just want to and like to see their bank accounts grow in number but they don't know that they're the ones losing its value in the long run if they don't put it in appreciating assets and investments.

[poodle63]

Yes, that is true, if someone already has enough money then saving is not the right solution but rather investing. For example, in the case of several people in my area, when the harvest season arrives, the money they collect is immediately transferred to gold, this is certainly a good action to maintain the value so that it will not decline.

Yes, I think you're actually right, when someone already has enough money then it's far better to go with investing then saving. The people of your area who are investing in gold are doing the right thing because fiat can lose value overtime but gold is known to gain value and thus it's much better to purchase gold or invest fiat into gold to protect the value of it and also gain some profits.

even people who don't enough money need saving as a way to keep themselves from further losing their wealth i mean they have no money so inflation will hit them harder than those that have since inflation doesn't only affect some people's bank account but the whole price of certain goods more specifically foods are definitely increasing.
its more apparent that ordinary people who don't really have money need to invest their money better if they can make profit, if not they could at least invest it in something that probably might keep them from losing their hard earned money, lets accept the fact that people with low income are really hard to invest because their money are sometime only sufficient for them to survive but it doesn't mean that we should avoid investment if we don't have the money we can find side hustle and make some additional source of income just for the sake of saving and then we can turn our life around through that.
otherwise our life will always be the same.

[Yamifoud]

Yes, that is true, if someone already has enough money then saving is not the right solution but rather investing. For example, in the case of several people in my area, when the harvest season arrives, the money they collect is immediately transferred to gold, this is certainly a good action to maintain the value so that it will not decline.

Those that understand how important it is to have both. When they're done saving their money, they'd choose to have some investments as well.

And while the others are saving, you have to ask them what they're saving for. Because what I know with many, they're saving for a few things and that's to invest and for emergencies.

Otherwise, those that don't have any reason why they're saving is because that they just want to and like to see their bank accounts grow in number but they don't know that they're the ones losing its value in the long run if they don't put it in appreciating assets and investments.

Saving first before investing, is a normal thing people do. But some smart people invest first before saving. No, they keep investing rather than saving money because inflation will beat it. Well, anyway, the point here is what matters to us the most and we choose the way we think that we are safe. Because some people choose to just HOLD rather than invest because they don't have time and knowledge about this. There is nothing wrong with this because they just assure the safety of their funds. In fact, I was been into that situation when I invested in something that I'd never known how to work on it. Sadly, it ended in nothing, and lost my capital.

[livingfree]

Those that understand how important it is to have both. When they're done saving their money, they'd choose to have some investments as well.

And while the others are saving, you have to ask them what they're saving for. Because what I know with many, they're saving for a few things and that's to invest and for emergencies.

Otherwise, those that don't have any reason why they're saving is because that they just want to and like to see their bank accounts grow in number but they don't know that they're the ones losing its value in the long run if they don't put it in appreciating assets and investments.

Saving first before investing, is a normal thing people do. But some smart people invest first before saving. No, they keep investing rather than saving money because inflation will beat it. Well, anyway, the point here is what matters to us the most and we choose the way we think that we are safe. Because some people choose to just HOLD rather than invest because they don't have time and knowledge about this. There is nothing wrong with this because they just assure the safety of their funds. In fact, I was been into that situation when I invested in something that I'd never known how to work on it. Sadly, it ended in nothing, and lost my capital.

Whatever works for them if they invest without the need to save because they've got probably huge amounts already to invest is normal. While those that are starters and like minimum wage earners, they have to save so that the amount of they have ready to invest will be enough for any investment they choose.

Those that chooses to hold their fiat money and does nothing with it as they don't want to invest. They are the conservative ones and they don't want to take any risk and don't want to get into trouble of seeing the value of their money lose.

Well, that's fine because for us we can take losses now and be better and easy in the future than to suffer.

[MissNonFall9]

Just as saving does not make a man rich, saving will deprive a young man of the freshness of money. That is why he will not save part of his income, that might not be the right idea. Because saving today can help tomorrow. A healthy normal person must move forward, he should run if he cannot do that he should walk, if he cannot even roll then he should move forward and not stop moving forward. So a young man has to collect and save money for his future life.

Are you trying to prove that saving is what builds the future and dream life of a man?
Your point isn't  clearly expressed, as you don't have a base about what you're saying.
If you understand the point, you will know that saving for tomorrow is over-emphasised, am not saying you shouldn't save but to let you understand that saving fait is degenerating and also as  a young man you should look at the future with a investing mindset as saving doesn't increase the money and will not get you the dream life you want.

I see some persons comment saying if you stack up a $1m you are rich, no doubt but that's still the money you didn't have intention of using which you stack but the money didn't do any work for you, you're still with your money. Alright what's gonna be your plan after having such money will you continue saving, NO. You are gong to spend it on other stuff and still repeat that same cycle again. Why not view in the context of money working for you (investing).
How will you judge someone who is saving up $10k with a goal of reaching $500k to purchase something and another investing same $10k in Real Estate what is both fate?

We should understand the clear distinct between Richness and  Wealth so as to know what road we are on.

As a young individual saving for tomorrow is a bad logic that one should abide by, you can save but all your finances shouldn't be centred on saving, but rather investing for tomorrow .

I am very sorry for not being able to present and explain my point clearly. I actually meant that if a person earns $1000 per month in life then after meeting family expenses he should save at least a portion (even 5%) of his income and invest the rest. Because without investment the productivity that money can give us cannot be obtained through any other means. This (productivity) I call vitality/freshness of money which is destroyed only by savings. So I prefer to invest most of the earnings in life and save a small portion of the earnings to protect against any future hazards.
To build a life of dreams a person must walk the path of investment. Because investing gives us a rate of return over time that cannot be obtained in any other way. It is also true that there are many risks involved in investing. For this reason the investment should not be concentrated in any one sector but should be divided into several parts and invested in different profitable sectors according to time and opportunity. Our capital and profit can be kept safe. So my point is never that “Savings alone shape one's future and dream life”.

[slapper]

Those that understand how important it is to have both. When they're done saving their money, they'd choose to have some investments as well.

And while the others are saving, you have to ask them what they're saving for. Because what I know with many, they're saving for a few things and that's to invest and for emergencies.

Otherwise, those that don't have any reason why they're saving is because that they just want to and like to see their bank accounts grow in number but they don't know that they're the ones losing its value in the long run if they don't put it in appreciating assets and investments.

Saving first before investing, is a normal thing people do. But some smart people invest first before saving. No, they keep investing rather than saving money because inflation will beat it. Well, anyway, the point here is what matters to us the most and we choose the way we think that we are safe. Because some people choose to just HOLD rather than invest because they don't have time and knowledge about this. There is nothing wrong with this because they just assure the safety of their funds. In fact, I was been into that situation when I invested in something that I'd never known how to work on it. Sadly, it ended in nothing, and lost my capital.

Whatever works for them if they invest without the need to save because they've got probably huge amounts already to invest is normal. While those that are starters and like minimum wage earners, they have to save so that the amount of they have ready to invest will be enough for any investment they choose.

Those that chooses to hold their fiat money and does nothing with it as they don't want to invest. They are the conservative ones and they don't want to take any risk and don't want to get into trouble of seeing the value of their money lose.

Well, that's fine because for us we can take losses now and be better and easy in the future than to suffer.

This rich vs. poor mentality towards investing... it's a whole different world. You got folks with cash to burn, dropping money into stocks like it's nothing, not even sweating if it tanks. For them, 'saving money' is a foreign concept. But the thing is, investing ain't just about having a fat bank account, it's about knowing the game. Then you've got the everyday people, grinding, saving every cent. For them, it's not fancy investing, it's about building a future, brick by brick. There's a different kind of power in that, a hustle you can't buy

And what about those scared of taking any risk? They grip their cash tight, terrified of losing a dollar. Yeah, safety's nice, but without risk, there's no reward. Stagnation is a slow death, man. You're right, taking a hit now can be the smarter play in the long run. It forces you to learn, to adapt. That's growth, not just in your wallet, but in who you are. That's the kind of investment that pays off forever

[Bitco55]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

This is true. In Economics, some believe that savings are automatically invested, and trust me that isn't a lie. But those investments aren't made to better the life of the one who saved the money in the bank, but those who take it loans in order to invest in Businesses.

There are countless of times when I save, and my net worth still doesn't increase because that saved money ended up saving me in the future. So, just as OP said we should not just save but also allot great importance to investing as well.

[WillyAp]

Being able to safe is an important step in the direction of wealth.
Most people grew with saving and investing wisely, no lambo played a role in the making of wealth.

[BlackBaron]

Being able to safe is an important step in the direction of wealth.
Most people grew with saving and investing wisely, no lambo played a role in the making of wealth.

That's a very good example, Lambo is a shrinking asset that every year the price will continue to slowly disappear. Investing or saving is a wise step to increase wealth or become a financially free person. It's true, we have to be active learner to be wise in managing the money we have, and the learning process will not be easy. Even though I get a small profit, I think there's no harm in starting now.

[lizarder]

That's a very good example, Lambo is a shrinking asset that every year the price will continue to slowly disappear. Investing or saving is a wise step to increase wealth or become a financially free person. It's true, we have to be active learner to be wise in managing the money we have, and the learning process will not be easy. Even though I get a small profit, I think there's no harm in starting now.

A person's attitude in making decisions towards financial wealth must have the criteria that must be carried out and if people do not dare to take risks and nothing is at stake then never expect to reach the desired wealth stage. Investing or saving has a different meaning and investment must be done responsibly so as not to lose money because of the decision error taken.

There are many investments that do not produce because people do not master the way and that is why when people undergo investment have considered their decisions well. But without betting and not daring to take risks there will be no results we can get. Especially if someone does not have a financial resource in carrying out investment then to achieve financial success will be much more difficult.

[stomachgrowls]

That's a very good example, Lambo is a shrinking asset that every year the price will continue to slowly disappear. Investing or saving is a wise step to increase wealth or become a financially free person. It's true, we have to be active learner to be wise in managing the money we have, and the learning process will not be easy. Even though I get a small profit, I think there's no harm in starting now.

A person's attitude in making decisions towards financial wealth must have the criteria that must be carried out and if people do not dare to take risks and nothing is at stake then never expect to reach the desired wealth stage. Investing or saving has a different meaning and investment must be done responsibly so as not to lose money because of the decision error taken.

There are many investments that do not produce because people do not master the way and that is why when people undergo investment have considered their decisions well. But without betting and not daring to take risks there will be no results we can get. Especially if someone does not have a financial resource in carrying out investment then to achieve financial success will be much more difficult.

There are people who are really that afraid to take up some risks and they would rather be sticking into that play safe kind of method on which we know that it isnt really that bad on having that kind of confidence or security but we do know that its not something that we can be able to see ourselves in speaking about having that progress in life. It all matters about contentment on which we know that there are people who cant really be that contented on what they do have now.This is why they would really be deciding on taking up some risk because they do know that there's an opportunity or chance that they could make themselves that more
better in terms of financial matter.

Savings doesnt really give out that kind of wealth as long it would really be just that simply stored or keep on bank on which we know that inflation could really give out that kind of less purchasing power
as years goes by which is that it would be better that you do put up on a business or investment on which you could really be able to make yourself that having such progress.