Saving don't make wealth

[livingfree]

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

Those that have money ready to invest, they're the ones that have been there in the game for quite a while. They know how to make money out of something and you're right that they are prepared to burn cash whether it tanks or not.

While the traditional setup of a person that came out of nothing as in zero experience and came from a poor family, they have to go through with all of these hardships and need to save to invest compared to the ones who are wealthy already.

And for the ones that scared of taking risk, they are going to learn a lesson with their mistake when they get older.

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[Yaqs15]

It's true that savings are very important, but it can't help anyone who accumulates savings, to be honest. If your savings are small and only for emergency purposes, it will not really give you enough to say that you will be rich. But if you have saved money that reaches $1 million, you can say that you are rich because you have millions of dollars.

So, whether you get rich from your savings or not, we should still have it. Now, if you are here in the bitcoin or crypto space, the crypto or bitcoin that you collect is for sure that it can also make you rich in the long run if the coins that you hold for the long term are right.

exactly, If you talk about saving Bitcoin, that is a different issue. Because someone that is having Bitcoin saved would be said to be expecting profits in the coming days. So to me, that would not be considered saving, it's should be called investment. further more, in my own point of view, I don't think saving can make some one to become rich, because you still have what you have, and possibly what you are going to buy with it might be reducing, due to inflation some time.

Saving don't make wealth ? Yes if you saving on plain cash with no interest in it.

saving plain cash, I don't know of any way one can be rich by doing that. Especially in countries that have their currency depreciating day by day. for example; Nigeria, this country's currency is depreciating day by day significantly, making things worse and harder for the citizens. And when it comes to appreciation it appreciate with just negligible figure.
some one in this country that is having a naira saved, is he losing or gaining?
so like you said, saving a plain cash can not make some one to become rich.

[lizarder]

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.

Actually, what makes people afraid to take risks and most of the answers we will hear is because they are afraid of losing money on certain methods. Even though wherever we are, the risk is quite close and it is something that will definitely happen, but maybe people don't have a plan to minimize the risk so they don't dare to get out of their comfort zone. If someone doesn't dare to take risks then they will never know whether they are successful or not because they don't try.

Controlling risk and having a plan are two important things, especially when it comes to investing. It's not much worse when people never want to try because they will lose their chance of success. The most important thing is that before we do something, we understand what we are doing and the risks can be studied so that they don't become more spread out and lose money.

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.

The nature of savings is definitely not used and that means the money will never be productive in generating profits. It's best to use percentages, run savings, run businesses and investments so that the money we have will be much more productive in generating profits. Because savings are also needed because we cannot predict the urgent needs that occur in life. With savings, we can use them when needed, so that we have plen when faced with the problem of urgent money needs.

[batang_bitcoin]

Saving don't make wealth ? Yes if you saving on plain cash with no interest in it.

saving plain cash, I don't know of any way one can be rich by doing that. Especially in countries that have their currency depreciating day by day. for example; Nigeria, this country's currency is depreciating day by day significantly, making things worse and harder for the citizens. And when it comes to appreciation it appreciate with just negligible figure.
some one in this country that is having a naira saved, is he losing or gaining?
so like you said, saving a plain cash can not make some one to become rich.

No gets rich by saving plain cash because that devalues over time because of the inflation and so the purchasing power becomes lower. While the rich keeps on investing because they want their wealth to retain itself and grow more. The investors that are starting out, they need to follow the path of what the rich did. They've been patient with their journeys and that's why looking up to them is normal for someone who's optimistic with their future and growing their wealth through their own ways. So, someone who saves his money is going to lose the value in fiat because that's known to most and each country.

[Promocodeudo]

Saving does not make anyone rich but investment does, investment is like a business because it involves an individual using his money to get more money through a legitimate process, you don't just keep your money in a comfortable zone and expect it to yield fruit for you in the long run or within a short period, it isn't possible, saving can only help in the situation of emergency but as for making you rich, is a no-no, as a person that wants to grow financially don't make the mistake of stock pilling your money in a stuff that's not profit-oriented unless you don't want to get rich anytime soon, identify a business that's worth your investment and invest your money so that you can be expectant in the future.

[WillyAp]

Saving does not make anyone rich but investment does,

And the investment grows out of nowhere?
It is way easier to save 50$ a week which gives you 2600 + per year and invest those.
From there,  over further savings you have the next year more, and after 20 years you might made it.
Banks, Credits certainly have a place in this pretty crude "plan".    

[bettercrypto]

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

Those that have money ready to invest, they're the ones that have been there in the game for quite a while. They know how to make money out of something and you're right that they are prepared to burn cash whether it tanks or not.

While the traditional setup of a person that came out of nothing as in zero experience and came from a poor family, they have to go through with all of these hardships and need to save to invest compared to the ones who are wealthy already.

And for the ones that scared of taking risk, they are going to learn a lesson with their mistake when they get older.

Yes, you are right there. Investors who like to rotate their capital in investment opportunities are often able to accumulate their wealth because of the investments they choose that they feel really have potential.

They are the people who, instead of keeping their money, rotate it into investments that they think will grow in the short term. Unlike when your money is at home, your money is just sleeping, and if it is in the bank, it will only grow a little within a year.

[Antotena]

Saving does not make anyone rich but investment does, investment is like a business because it involves an individual using his money to get more money through a legitimate process, you don't just keep your money in a comfortable zone and expect it to yield fruit for you in the long run or within a short period, it isn't possible, saving can only help in the situation of emergency but as for making you rich, is a no-no, as a person that wants to grow financially don't make the mistake of stock pilling your money in a stuff that's not profit-oriented unless you don't want to get rich anytime soon, identify a business that's worth your investment and invest your money so that you can be expectant in the future.

I like how everyone is given credit to invest but I hope we all know that investment can also not make you rich in some cases. Investment is a necessity but if you do it wrongly, you might prefer to even have allow your money to be in savings. Yesterday, SBF was sentenced to 20 years in prison because of people that lost money into his exchange and all wanted good thing for themselves, they want to secure a good future for their investment but unfortunately, it went to the wrong exchange and this mistakes are the ones you don't see coming.

Savings is an old system of putting money together but in this century, it doesn't work again, you might not save anything after some years due to inflation but investments is a sure deal but that doesn't mean investment is pure haven against inflation, it's a risk and anything is bound to happen and that's why we need to be carful with the type of investment we do.

[pusaka]

saving plain cash, I don't know of any way one can be rich by doing that. Especially in countries that have their currency depreciating day by day. for example; Nigeria, this country's currency is depreciating day by day significantly, making things worse and harder for the citizens. And when it comes to appreciation it appreciate with just negligible figure.
some one in this country that is having a naira saved, is he losing or gaining?
so like you said, saving a plain cash can not make some one to become rich.

No gets rich by saving plain cash because that devalues over time because of the inflation and so the purchasing power becomes lower. While the rich keeps on investing because they want their wealth to retain itself and grow more. The investors that are starting out, they need to follow the path of what the rich did. They've been patient with their journeys and that's why looking up to them is normal for someone who's optimistic with their future and growing their wealth through their own ways. So, someone who saves his money is going to lose the value in fiat because that's known to most and each country.

Of course, saving cannot make people rich, especially if they save with fiat money which will definitely decrease every time. But at least saving can make us prepare for something in the future, because it is very possible that we will suddenly need money, so by saving we can use that money.
I think this goes back to the initial intention of someone who saves, I myself save not to make me rich, but to make me ready for something I said before. Even investing, I don't intend to become rich, but I want a better future to hold onto. I have prepared it in such a way that I hope it will help me in the future. To become rich is not that easy, we need to put in more effort and work and it requires a very long process.

[junder]

Saving does not make anyone rich but investment does, investment is like a business because it involves an individual using his money to get more money through a legitimate process, you don't just keep your money in a comfortable zone and expect it to yield fruit for you in the long run or within a short period, it isn't possible, saving can only help in the situation of emergency but as for making you rich, is a no-no, as a person that wants to grow financially don't make the mistake of stock pilling your money in a stuff that's not profit-oriented unless you don't want to get rich anytime soon, identify a business that's worth your investment and invest your money so that you can be expectant in the future.

investment can also cause us to lose money or suffer losses if we invest without good knowledge about the aspects related to investment, because investments that can produce profits are investments that are done well, not haphazardly. then what will happen is only losses. therefore, before we make an investment, we must have good knowledge of investments whose aim is to generate profits, also investments that generate profits, in my opinion, are long-term investments, and not everyone can do this, because it requires strong patience. and good determination in making investments.

Do you think saving is a bad thing?
I think saving is not wrong either, now think about the investments we make but we don't have savings, and when a problem occurs that can be said to be an emergency then we clearly need money to be able to overcome that problem, and if we don't have savings maybe what will happen is selling investing or withdrawing investments that are being made, even though they are at a loss point. Saving is also important in my opinion, where investments can be made when our finances are stable and we have savings, because it is impossible to sell investments made at inappropriate times, such as to overcome problems that are considered emergencies.

[boty]

Of course, saving cannot make people rich, especially if they save with fiat money which will definitely decrease every time. But at least saving can make us prepare for something in the future, because it is very possible that we will suddenly need money, so by saving we can use that money.
I think this goes back to the initial intention of someone who saves, I myself save not to make me rich, but to make me ready for something I said before. Even investing, I don't intend to become rich, but I want a better future to hold onto. I have prepared it in such a way that I hope it will help me in the future. To become rich is not that easy, we need to put in more effort and work and it requires a very long process.

You are very right, by having savings of course this will really help us when we need money and we don't have to think about how to meet these needs and we can immediately take the savings that we have saved to be able to meet these needs, because if we If you don't have savings, of course you have to think about how to meet these needs.

It is not an easy thing to make ourselves rich and we have to work hard and be frugal to be able to make ourselves rich and I really agree with what you are doing by saving for needs that we don't expect and also investing to prepare for the future so that we don't have difficulties. when we can no longer earn income in old age.

[Fatunad]

Of course, saving cannot make people rich, especially if they save with fiat money which will definitely decrease every time. But at least saving can make us prepare for something in the future, because it is very possible that we will suddenly need money, so by saving we can use that money.
I think this goes back to the initial intention of someone who saves, I myself save not to make me rich, but to make me ready for something I said before. Even investing, I don't intend to become rich, but I want a better future to hold onto. I have prepared it in such a way that I hope it will help me in the future. To become rich is not that easy, we need to put in more effort and work and it requires a very long process.

You are very right, by having savings of course this will really help us when we need money and we don't have to think about how to meet these needs and we can immediately take the savings that we have saved to be able to meet these needs, because if we If you don't have savings, of course you have to think about how to meet these needs.

It is not an easy thing to make ourselves rich and we have to work hard and be frugal to be able to make ourselves rich and I really agree with what you are doing by saving for needs that we don't expect and also investing to prepare for the future so that we don't have difficulties. when we can no longer earn income in old age.

Savings is something that recommended but it isnt really that wise that you would really be just going all in on saving up on everything that you do have an extra on which you should really be sensible on trying out to divide things accordingly on which we know that it would really be needing up for you to be wise on making up some investment as a back up plan or with some additional with your current day job income
on which we know that this is something that you must really be that considering because we are living in a world where economic conditions are really that worst or something that you cant really be able to
get rid or avoid of it.

Savings doesnt really make wealth if you dont do something about it like having investment or business. You would really be needing it to be applied into something more worth and not really just that sitting
idle on which it wont really be worth on having that kind of approach. Its not bad to savings since we know on whats it usage but we should really be that smart on trying out to
find out on which one is the best thing to be done.

[nurilham]

investment can also cause us to lose money or suffer losses if we invest without good knowledge about the aspects related to investment, because investments that can produce profits are investments that are done well, not haphazardly. then what will happen is only losses.

Indeed. There is no guarantee for a success in investment. If we invest carelessly and with no sufficient knowledge, it is very possible to waste money only. Moreover if we invest in crypto which has a very big risk. If we choose the wrong coins, we may end up with losing all our money. Nowadays, there are many new meme coins, be careful to invest in this coins because they have no clear future. These new meme coins can make us to get losses only.

Do you think saving is a bad thing?
I think saving is not wrong either, now think about the investments we make but we don't have savings, and when a problem occurs that can be said to be an emergency then we clearly need money to be able to overcome that problem, and if we don't have savings maybe what will happen is selling investing or withdrawing investments that are being made, even though they are at a loss point.

Who said saving is bad? Saving is surely a good thing. With saving, we can have reserved money. We must prepare this because we don't know when we have urgent needs or an emergency in the future. We can't rely on the investment to prepare money any time in the future. Sometimes we still can't sell our investment due to varied reasons. Meanwhile saving can be used any time in the future because they are mostly in fiats.

[Bushdark]

Of course, saving cannot make people rich, especially if they save with fiat money which will definitely decrease every time. But at least saving can make us prepare for something in the future, because it is very possible that we will suddenly need money, so by saving we can use that money.
I think this goes back to the initial intention of someone who saves, I myself save not to make me rich, but to make me ready for something I said before. Even investing, I don't intend to become rich, but I want a better future to hold onto. I have prepared it in such a way that I hope it will help me in the future. To become rich is not that easy, we need to put in more effort and work and it requires a very long process.

You are very right, by having savings of course this will really help us when we need money and we don't have to think about how to meet these needs and we can immediately take the savings that we have saved to be able to meet these needs, because if we If you don't have savings, of course you have to think about how to meet these needs.

It is not an easy thing to make ourselves rich and we have to work hard and be frugal to be able to make ourselves rich and I really agree with what you are doing by saving for needs that we don't expect and also investing to prepare for the future so that we don't have difficulties. when we can no longer earn income in old age.

As we are spending money we also need to make sure we save because this is one of the ways we could escape poverty even when we are rich. Rich people always use part of there money for investments that is why they keep improving financially compared to an average man that is only after getting employed and working to get fund to pay bills and eat good food.
Investment could safe us from the stress of life if we always spend little and save more for the future which might comes with opportunities for us to benefit from.

[ancafe]

Actually all parent not familiar with investing will prefer or advice their children for saving money than investment, most of them scared with investing make us loss. I don't sure with saving can build up the business and develop financial condition behind how drastically face inflation years by years, better change saving to investing not only our save the money from inflation but also we can earn much profitable than saving.
You can compare when holding our money in fiat is not worth yet than investing in some investment kinds despite in cryptocurrency or stock, can earn profitable and increasing our capital exactly when investing in cryptocurrency huge drastically pump year by years since investing on the right moment.

This was definitely done by parents because they didn't really know how to get involved in investing. They are afraid that investment will have a detrimental impact when their children are involved in it and if they are not familiar with investment then they will definitely direct their children to save or develop a business. Even if you don't believe that saving can give anyone the opportunity to develop a business, I have seen my younger brother directly and now he has been running the business for five years.

Saving will not benefit anyone, but saving gives us the opportunity to develop our business, because we have the capital to run it. Unless we save forever and the money is not used for other needs, the money we have will never be able to provide any benefits. If you understand investment patterns and have money, it will be much better because you can generate profits rather than saving.

[Dunamisx]

Savings can't help someone's situation to turn into a wealthy person, because inflation can always devalue the current worth of the financial fund we are holding into our savings, but with cryptocurrency, we can save and not be affected by inflation and the value of our money increases because we are not under the fiat regulatory system anymore, instead on Bitcoin which is a decentralized network in cryptocurrency.

[red4slash]

Savings can't help someone's situation to turn into a wealthy person, because inflation can always devalue the current worth of the financial fund we are holding into our savings, but with cryptocurrency, we can save and not be affected by inflation and the value of our money increases because we are not under the fiat regulatory system anymore, instead on Bitcoin which is a decentralized network in cryptocurrency.

In this case I think there is some stigma that occurs because in the end we need to know what the definition of rich is because in the end when talking about today rich is about how we have abundant money so that it is said to be rich and there is no need for investment in the end when defining rich because in the end saving can be.

Indeed, in terms of the inflation situation, it is definitely the reason that is always promoted to say that the savings system is a flaw but on the other hand we also cannot say everything is bad because talking about saving is a system where conventional methods still apply.
Regardless of whether it is good or not I think it depends on how our views are because in the end not everyone will say that this system is bad even though we certainly know that if the comparison is with investment then it will be very far but on the other hand not everyone will also say investment is better because it all depends on the mindset of each so we cannot say for sure that saving is a bad thing because in the end our views can be different from other people's views.

[shinratensei_]

Saving does not make anyone rich but investment does, investment is like a business because it involves an individual using his money to get more money through a legitimate process, you don't just keep your money in a comfortable zone and expect it to yield fruit for you in the long run or within a short period, it isn't possible, saving can only help in the situation of emergency but as for making you rich, is a no-no, as a person that wants to grow financially don't make the mistake of stock pilling your money in a stuff that's not profit-oriented unless you don't want to get rich anytime soon, identify a business that's worth your investment and invest your money so that you can be expectant in the future.

if its for emergency, investment too can be liquidated, its not like the old days where we invest to gold and need to go to city to exchange it to money, things have changed almost all of investment can be liquidated like bitcoin, even gold with the digital gold, only investment with locked period such as deposits and staking that can't be taken flexibly due to contract but the other investment such as stock, crypto, and so on can be liquidated easily anyone tries to liquidate their money for emergency purpose only few clicks away from getting their money landing in bank account so its not necessarily a benefit exclusive to saving alone.

thats why nowaday i prefer to save my money alongside investing it, sparing some percent off my salary to buy coin for investment like bitcoin and ethereum getting the best of both worlds.
i find some people missing out on this golden opportunity of turning life around just letting their money sitting in their bank account not making money off of it.
but indeed sometime investment carries risk so its rather understandable that some people just don't have the bravery to risk their money into investment.

[junder]

-snip-

Yes, I agree with that, indeed if investment is done haphazardly without any knowledge, it will probably just be a waste of money, because to be able to make a profit of course the investment must be done correctly, be careful in taking action, if you really want to invest then that's it. We should be able to do it well, and before investing, please do research first, especially as you said by investing in the wrong crypto. We have to be smart in choosing investments and in choosing the actions to be taken. Losses and profits are based on our own making and carrying out investments from the start, actions from the start will determine the results. So don't be careless in this matter.

As I said before, saving is a good thing, in fact I think it is important, especially when making an investment. It is true that what is said is that saving will help us when we encounter or experience urgent problems in the future. Of course, we live realistically, there are certainly problems that can occur and must be overcome with money. If we only rely on the investments we make or carry out, it is likely that everything will fall apart. Saving is an important thing to pay attention to, whether you have investments or not saving is something you have to pay attention to.

[Bravut]

but indeed sometime investment carries risk so its rather understandable that some people just don't have the bravery to risk their money into investment.

Nothing worth achievable comes without risk, even saving is risky.
Everyone has personal motive and decisions that fuel there minds, but I haven't seen anyone live there dream life without taking risk.

Some just have guts, to invest with the proper knowledge, risk tolerance.
Likewise some that needs bravery, will give accolade in due time when they see results.

As Warren Buffet would say "You choose to work for your money or Have your Money work for you."
Its just a game of choice.