Your Bank Account Does Not Make You Wealthy , But Your Investment Does.

[DiMarxist]

No doubt this is the reality of things, the difference between a wealthy person and that of someone who is rich and even to those who may be considered struggling financially is due to investments.
Money in the Bank can't secure you wealth if such money, is not our into good use which will bring in more income. Inflation is one thing that everyone has to come in terms with because no matter the amount, of money that is kept in the bank. It's just a matter of time that such money will lose value and depreciates over time.
Wealth means someone is having different means of economy and the only way that can be guaranteed is when your money, is put into good investments which could bring in income at the end of the day over time..

[Cookdata]

You cannot become rich with salary alone. Many people from the lower or middle class, if they think that they will become rich with their income, then they will never be able to do so. Most of the money that such people earn is spent. If they can use the remaining money through savings or investments, then only they will be able to earn good profits from it, which they can use to improve their lives. You are right that no matter how small the income is, even a very small amount should be invested from it. Because if someone can maintain consistency in small investments, it will eventually turn into a large amount.

What about 'you can become rich from salary, but you can't maintain wealth with a salary '? There are some calibre of people under some profession that get rich through their jobs, they make a significant amount of money, and they quit to go start their investment because they know very well that the salary can't be sustainable for long, and if they eventually quit their job, the inflow stops, so they preferred to set up an investment for cash flow.

The jobs that fall into this category are small, but we have them, they earn more than they need because some companies don't joke with their staff. Jobs like Offshore oil extraction, the job is highly risky, the companies makes billions annually so they compensate their top staff with what is worth it and since most of them don't have time for outdoor fun, they have their paycheck intact until they go for leave and break which is usually short, there is money to spend but no time.

[ZAINmalik75]

No doubt this is the reality of things, the difference between a wealthy person and that of someone who is rich and even to those who may be considered struggling financially is due to investments.
Money in the Bank can't secure you wealth if such money, is not our into good use which will bring in more income. Inflation is one thing that everyone has to come in terms with because no matter the amount, of money that is kept in the bank. It's just a matter of time that such money will lose value and depreciates over time.
Wealth means someone is having different means of economy and the only way that can be guaranteed is when your money, is put into good investments which could bring in income at the end of the day over time..

I don't know how many times and in how many threads I have said this so far, but I'm going to say it once again: investments don't bring wealth, they only bring profits, and profits can't make you wealthy, they might give you better sustainability and the ability to lead a better life, but wealth is something else. There is a difference between being rich and being wealthy, because someone rich might have enough money to have a great life, but to maintain that, they will still need to work to stay at that level because if they stop, it won't take long for them to go down and lose the luxurious lifestyle. However, being wealthy means that even if you don't work anymore, you can still sustain a luxurious life for the assets you have built and wealth you have gathered.

Talking about investments, we need to understand that most investments don't even have the potential to make you rich, and I believe someone who becomes rich only through an investment is lucky, because investments are supposed to bring you good profits, but they don't always have the potential to bring you enough profits that you can consider yourself rich through those investments. So, it is important that we know the actual reality.

[eightdots]

No doubt this is the reality of things, the difference between a wealthy person and that of someone who is rich and even to those who may be considered struggling financially is due to investments.
Money in the Bank can't secure you wealth if such money, is not our into good use which will bring in more income. Inflation is one thing that everyone has to come in terms with because no matter the amount, of money that is kept in the bank. It's just a matter of time that such money will lose value and depreciates over time.
Wealth means someone is having different means of economy and the only way that can be guaranteed is when your money, is put into good investments which could bring in income at the end of the day over time..

I don't know how many times and in how many threads I have said this so far, but I'm going to say it once again: investments don't bring wealth, they only bring profits, and profits can't make you wealthy, they might give you better sustainability and the ability to lead a better life, but wealth is something else. There is a difference between being rich and being wealthy, because someone rich might have enough money to have a great life, but to maintain that, they will still need to work to stay at that level because if they stop, it won't take long for them to go down and lose the luxurious lifestyle. However, being wealthy means that even if you don't work anymore, you can still sustain a luxurious life for the assets you have built and wealth you have gathered.

Talking about investments, we need to understand that most investments don't even have the potential to make you rich, and I believe someone who becomes rich only through an investment is lucky, because investments are supposed to bring you good profits, but they don't always have the potential to bring you enough profits that you can consider yourself rich through those investments. So, it is important that we know the actual reality.

A person aiming for wealth needs good planning. They can become rich through investments or trade, but the important thing is being able to maintain that wealth and ensure its sustainability. Income or investments that aren't continuous may have some benefit, but this benefit is temporary. Those who can manage their money wisely when they generate income are able to progress more steadily.

Dreaming is good, but it's not right to assume that things that require effort will happen immediately. To be like those who progress steadily and make the right moves, one must improve oneself and strive to gain knowledge.

[Obari]

It is necessary to know that , you cannot become a wealthy person earning salary alone. Now there are people who earn good salary, and only depend on their salary to survive, and these set of people hardly become wealthy.
When you are earning good salary, it an opportunity for you to invest your money properly. You can decide to invest in business, Bitcoin or even in the stock market, and years of patience will definitely yield a significant result, and probably make you a wealthy person.

Any money kept in the bank can be affected by inflation, and possibly decline in value, but invested money sustains the value of your currency, grants the investor financial freedom, and boost economy as well.
Wealth can only be created by investment, and not dumping huge amount of money in the bank .

What is your take on this?

A lot of wealthy people in my country are realtors and no matter the amount of salary one receives, the moment they can afford to buy land, that's the first thing that runs across their mind and I also align with that mentality that the moment you can afford to buy land please do because it is one of the investment options that we don't have to be worried about and my gran mom will simply say that buying land is simply planting money on a soil.

Salary is never enough, no matter the amount of money one earns because it is like staying bounded by it and that is why it is always right to diversify our source of income and earnings.
 having a job should be seen as a stepping stone to securing our future not through the salaries earned but using the salary to create more opportunities.

[Tungbulu]

A person aiming for wealth needs good planning. They can become rich through investments or trade, but the important thing is being able to maintain that wealth and ensure its sustainability. Income or investments that aren't continuous may have some benefit, but this benefit is temporary. Those who can manage their money wisely when they generate income are able to progress more steadily.

Dreaming is good, but it's not right to assume that things that require effort will happen immediately. To be like those who progress steadily and make the right moves, one must improve oneself and strive to gain knowledge.

Some people don't know the importance of good planning in their lives, they do have the mindset that their source of income won't cease, and knows that nothing lasts forever, it will make them not to have plans of investment. Having the idea to invest their money will be of help in the future, especially if there is no means of earning, also its necessary to invest but its important to sustain that wealth, that is the part that people do end up being stranded, knowing the different role it play in their lives, they will make sure they keep to the right way.

[Inwestour]

It is necessary to know that , you cannot become a wealthy person earning salary alone. Now there are people who earn good salary, and only depend on their salary to survive, and these set of people hardly become wealthy.
When you are earning good salary, it an opportunity for you to invest your money properly. You can decide to invest in business, Bitcoin or even in the stock market, and years of patience will definitely yield a significant result, and probably make you a wealthy person.

Any money kept in the bank can be affected by inflation, and possibly decline in value, but invested money sustains the value of your currency, grants the investor financial freedom, and boost economy as well.
Wealth can only be created by investment, and not dumping huge amount of money in the bank .

What is your take on this?

Not all investments are created equal. Some people think they deposit money in a bank, earn a profit, and that's enough. But in reality, bank deposits are rarely able to even cover inflation. On the other hand, not all investments are profitable. Some investments lose money, while others make money, it's not that simple, the same applies to stocks and the stock market. To be a good investor, you need to have a lot of knowledge and, I think a lot of experience. That's why many people are afraid of investing.

[alastantiger]

It absolutely depends on the salary you are earning, because there are well-paying jobs out there that can easily make you wealthy if you organize yourself very well. Sometimes we need to understand that jobs are in different categories, but the truth still remains that one should always try as much as possible to invest, no matter how little you are earning. Because there's nothing better than investing your money wisely.

I think salary alone cannot make you wealthy instead what makes you wealthy is your investment. We have footballers that were paid a large sum of money during their days of playing football but after they retired they became broke or start living a normal life because they did not have any investment but the ones that were wise and invested are now living in wealth. Your salary is just your income and income alone cannot determine how your future is going to be.

Everybody that wants to become wealthy in the future needs to start investing and the investment needs to be structured in the way that it is not tampered with but kept for future purposes. Investment can be done in different ways and not only in cryptocurrencies since we have investment in real estate and other things that can give you as much profit as the cryptocurrency market can give you too. This market is very new but has good advantage that is why people prefer to invest in Bitcoin instead of investing into gold or other asset from the old.

[Cityhunter34]

It absolutely depends on the salary you are earning, because there are well-paying jobs out there that can easily make you wealthy if you organize yourself very well. Sometimes we need to understand that jobs are in different categories, but the truth still remains that one should always try as much as possible to invest, no matter how little you are earning. Because there's nothing better than investing your money wisely.

I think salary alone cannot make you wealthy instead what makes you wealthy is your investment. We have footballers that were paid a large sum of money during their days of playing football but after they retired they became broke or start living a normal life because they did not have any investment but the ones that were wise and invested are now living in wealth. Your salary is just your income and income alone cannot determine how your future is going to be.

Everybody that wants to become wealthy in the future needs to start investing and the investment needs to be structured in the way that it is not tampered with but kept for future purposes. Investment can be done in different ways and not only in cryptocurrencies since we have investment in real estate and other things that can give you as much profit as the cryptocurrency market can give you too. This market is very new but has good advantage that is why people prefer to invest in Bitcoin instead of investing into gold or other asset from the old.

It seems like you don't get me correctly, because I said that we shouldn't get carried away by our jobs. That we should always try and invest, no matter how little we are earning, because there is nothing that can be compared to future investment. However, just like as you mentioned footballers, the same thing goes for everybody, because you need to start planning yourself when you are still earning the money.

Failure to do so will definitely take you back to square one in the future. So it's very essential for us to always make use of any opportunity and plan for tomorrow.

[Swordsoffreedom]

It absolutely depends on the salary you are earning, because there are well-paying jobs out there that can easily make you wealthy if you organize yourself very well. Sometimes we need to understand that jobs are in different categories, but the truth still remains that one should always try as much as possible to invest, no matter how little you are earning. Because there's nothing better than investing your money wisely.

I think salary alone cannot make you wealthy instead what makes you wealthy is your investment. We have footballers that were paid a large sum of money during their days of playing football but after they retired they became broke or start living a normal life because they did not have any investment but the ones that were wise and invested are now living in wealth. Your salary is just your income and income alone cannot determine how your future is going to be.

Everybody that wants to become wealthy in the future needs to start investing and the investment needs to be structured in the way that it is not tampered with but kept for future purposes. Investment can be done in different ways and not only in cryptocurrencies since we have investment in real estate and other things that can give you as much profit as the cryptocurrency market can give you too. This market is very new but has good advantage that is why people prefer to invest in Bitcoin instead of investing into gold or other asset from the old.

Football player like Messi and Yamal can earn $20-30 million a year. If they end up struggling financially after retirement, it's often because of reckless spending and poor financial habit. But if they know how to manage their finances, for example, they can simply put most of that money into a bank savings account. They would never end up broke and could still live comfortably after retirement.

The reality is, there are still many high paying jobs that can help us become wealthy, and many people have become wealthy without investing. But yes, only a small fraction of the world's population is capable of doing that.

As for investing, it can be a path to wealth, but there's no guarantee. Many people have made fortunes through investing, but plenty of others have lost most of their wealth or even gone bankrupt because of bad investment.

[Loyang]

It absolutely depends on the salary you are earning, because there are well-paying jobs out there that can easily make you wealthy if you organize yourself very well. Sometimes we need to understand that jobs are in different categories, but the truth still remains that one should always try as much as possible to invest, no matter how little you are earning. Because there's nothing better than investing your money wisely.

I think salary alone cannot make you wealthy instead what makes you wealthy is your investment. We have footballers that were paid a large sum of money during their days of playing football but after they retired they became broke or start living a normal life because they did not have any investment but the ones that were wise and invested are now living in wealth. Your salary is just your income and income alone cannot determine how your future is going to be.

Everybody that wants to become wealthy in the future needs to start investing and the investment needs to be structured in the way that it is not tampered with but kept for future purposes. Investment can be done in different ways and not only in cryptocurrencies since we have investment in real estate and other things that can give you as much profit as the cryptocurrency market can give you too. This market is very new but has good advantage that is why people prefer to invest in Bitcoin instead of investing into gold or other asset from the old.

Football player like Messi and Yamal can earn $20-30 million a year. If they end up struggling financially after retirement, it's often because of reckless spending and poor financial habit. But if they know how to manage their finances, for example, they can simply put most of that money into a bank savings account. They would never end up broke and could still live comfortably after retirement.

The reality is, there are still many high paying jobs that can help us become wealthy, and many people have become wealthy without investing. But yes, only a small fraction of the world's population is capable of doing that.

As for investing, it can be a path to wealth, but there's no guarantee. Many people have made fortunes through investing, but plenty of others have lost most of their wealth or even gone bankrupt because of bad investment.

Uncontrolled financial spending can bankrupt a person no matter how much money he earns. The more money a person earns, the more his expenses increase. For example, if I talk about me, I will see that one of my friends spends more money in a week than I earn every month. Those who earn more have more expenses.

If ever the source of income is closed, then surely every person will have to spend very correctly or perfectly at that time. Whenever he becomes uncontrolled, he can gradually get involved in debt and can gradually become bankrupt.

If a person can make the right decision in terms of investment, then he can definitely benefit from the investment, such as if he is able to save the right assets like Bitcoin. Many times it is seen that many people invest in fraudulent assets or invest without verifying anything and become victims

[Cossyblack]

It is necessary to know that , you cannot become a wealthy person earning salary alone. Now there are people who earn good salary, and only depend on their salary to survive, and these set of people hardly become wealthy.
When you are earning good salary, it an opportunity for you to invest your money properly. You can decide to invest in business, Bitcoin or even in the stock market, and years of patience will definitely yield a significant result, and probably make you a wealthy person.

Any money kept in the bank can be affected by inflation, and possibly decline in value, but invested money sustains the value of your currency, grants the investor financial freedom, and boost economy as well.
Wealth can only be created by investment, and not dumping huge amount of money in the bank .

What is your take on this?

There is no rich person who ever made it relying on salary. There is no doubt that Some of these rich people were once salary earners before but it didn't stop them from building their future anyway. The richest people on the Forbes list made through investments. Infact there is no rich or wealthy person that only rely on salary,it's either they have businesses on ground somewhere or investments that is generating steadily income for them.

[Derekfunds]

It is necessary to know that , you cannot become a wealthy person earning salary alone. Now there are people who earn good salary, and only depend on their salary to survive, and these set of people hardly become wealthy.
When you are earning good salary, it an opportunity for you to invest your money properly. You can decide to invest in business, Bitcoin or even in the stock market, and years of patience will definitely yield a significant result, and probably make you a wealthy person.

Any money kept in the bank can be affected by inflation, and possibly decline in value, but invested money sustains the value of your currency, grants the investor financial freedom, and boost economy as well.
Wealth can only be created by investment, and not dumping huge amount of money in the bank .

What is your take on this?

Not all investments are created equal. Some people think they deposit money in a bank, earn a profit, and that's enough. But in reality, bank deposits are rarely able to even cover inflation. On the other hand, not all investments are profitable. Some investments lose money, while others make money, it's not that simple, the same applies to stocks and the stock market. To be a good investor, you need to have a lot of knowledge and, I think a lot of experience. That's why many people are afraid of investing.

Bank is not really a nice place for someone to invest money because it will bring little or nothing and I guess the reason some people don't invest in other things aside bank is because they have insltil themselves the mindset that profit is not guarantee in investment, that is true no doubt, no inveistment is guarantee but we should know that no risk no improvement or growth and also no pain no gain life is not a bed of roses so it is a must to invest if someone desire to grow.