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

[kawetsriyanto]

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.

I myself only consider bank as a place for saving. Even some people can earn good money from bank investment, it requires a lot of money. I have no much money, so I never try investing in bank. Well, I usually only store limited amount of money in bank account, my goal is only for saving and the funds for daily transactions.

Of course, all investments have their own risks although the level of the risks can be different. Generally, the higher of potential big profits, the bigger level of the risk. If we don't want to deal with the risks, we shouldn't decide to invest our money. 

Indeed nothing is guarantee to last forever nothing even a certain source of income, anything can happen as life can be funny and uncertain.

Exactly. That's why we must have some alternative plans. If we no longer can rely on a certain asset or job, we have been ready to move to another one. Life can change at any time, we must be ready to deal with any situation.

[Jeremiah001]

Building finances requires a lot of experience, discipline, and knowledge. Running your own business, which gives you control over finances to yield profits both in the short term and long term, comes with a lot of hard work and sometimes uncertainties. However, you must be prepared for the stormy weather; this is where experience comes in. Being successful in business takes a lot of hard work. Salaries can make you rich; depending on how much you are earning monthly, we have people working and earning hundreds of millions in a month. With savings, those guys could be super rich in their bank accounts or stock holdings, even without business running, so it all depends on the individual's cash flow and financial management to build wealth.

Both your business and job are right according to the situation that is if a person is intelligent experienced and knows how to establish discipline then that business runs very well because not everyone in the world has the skills to do business that is why a job is also a blessing for them.It is a good idea that if the job is paying a good amount of money then make a monthly budget and keep aside savings and invest that money in a good and continuous place with the passage of time and remember that always be ready to face difficulties in business and instead of keeping money in the bank put this money to work because the bank will only keep your money safe and not increase it.It all depends on you how much intelligence you use to earn money from money.

Definitely as an investor you need to also have other sources of income, yes I agree with you that not everyone has the efficiency and the skills to do business but then there are other strategic ways to to earn an income. If you don't not know how to do a particular business you could make use of people who are skilled and talented in that area of business to grow the business and have them paid a salary or wages, there are several ways to earn an income all you need to do is put up  a strategic plan and work towards it.
The money in your bank account does not increase but rather it reduces if there are not further investments that produce returns at the end of the day.

[I_Anime]

Those that wealthy make sure their money work for them , while those that are not stable yet are scared to use their money like the tools it is . Your money is a tool to build wealth the earlier you know the better for you, keeping your money in the bank is like tossing your working tool aside as a farmer . With time that tool will began to rust especially when is not well handled or kept , while it’s supposed to be used to build . That’s how many are today they prefer to leave their money in bank while inflation do its stuff .

[GIF-JOBS]

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.

Yes, investment is for future purpose, so that if things go hard, one can still hold on something that will keep sustaining them, salary can stop coming in any time and if one only depends on it, they will begin to struggle as they go through hard times. But, when one is planting their seed for the future through investing, even if there is no salary coming in, they can still take care of themselves and their family if they have the mindset of managing properly. Although, one doesn't necessarily have to start big, they can start small and with consistency they will attain to the level they want.

We can start investing from a very small stage. But it is important to start this. We can create a good foundation for the future by starting small and keeping the investment consistent.

In fact, we can never rely only on a job for the rest of our lives, because you can lose your job. And what you will do in the absence of a job, you have to prepare that while you are in your job. We should think about the dangers of the future, and for this, no matter how good a job you do, you should create a separate income system. So that if any unexpected situation arises, you can get a separate support from there.
So instead of spending money unnecessarily, start a small investment, start small and gradually increase it, in the future it may come in handy for you which may be your biggest help.

[steve5946]

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?

I agree with the general idea, but I don't think it's accurate to say that salary alone can never make someone wealthy.

A high salary can absolutely build wealth if a person lives below their means, saves consistently, and invests wisely. The problem is that many people spend most or all of what they earn, leaving little to grow over time.

[DanWalker]

Yes, investment is for future purpose, so that if things go hard, one can still hold on something that will keep sustaining them, salary can stop coming in any time and if one only depends on it, they will begin to struggle as they go through hard times. But, when one is planting their seed for the future through investing, even if there is no salary coming in, they can still take care of themselves and their family if they have the mindset of managing properly. Although, one doesn't necessarily have to start big, they can start small and with consistency they will attain to the level they want.

Your salary can stop at any time, but investments don't guarantee profits either.
I agree that investing is important for the future, but its unwise to rely on it as your only financial safety net. As I said, nothing is guaranteed and you can still lose money.

Investing alone isn't enough to secure your future. You also need to manage risk, have an emergency fund, and diversify your income stream instead of relying solely on  investment.

[GiftedMAN]

Those that wealthy make sure their money work for them , while those that are not stable yet are scared to use their money like the tools it is . Your money is a tool to build wealth the earlier you know the better for you, keeping your money in the bank is like tossing your working tool aside as a farmer . With time that tool will began to rust especially when is not well handled or kept , while it’s supposed to be used to build . That’s how many are today they prefer to leave their money in bank while inflation do its stuff .

The poor are those who do not take advantage of the investment opportunities they see to invest when they have the money rather they prefer to be called rich people with what they have in their bank account. Investors do not care about the amount in their accounts so long as they have where the money is working for them and bringing more income they do not care what is in their account they have little amount for their daily expenditure. If you have good capital as your tool you only need to channel it to a good investment and put are going to be wealthy.

[ChocolateBitcoinK]

Those that wealthy make sure their money work for them , while those that are not stable yet are scared to use their money like the tools it is . Your money is a tool to build wealth the earlier you know the better for you, keeping your money in the bank is like tossing your working tool aside as a farmer . With time that tool will began to rust especially when is not well handled or kept , while it’s supposed to be used to build . That’s how many are today they prefer to leave their money in bank while inflation do its stuff .

The poor are those who do not take advantage of the investment opportunities they see to invest when they have the money rather they prefer to be called rich people with what they have in their bank account. Investors do not care about the amount in their accounts so long as they have where the money is working for them and bringing more income they do not care what is in their account they have little amount for their daily expenditure. If you have good capital as your tool you only need to channel it to a good investment and put are going to be wealthy.

I agree with you, keeping them in the bank is just a stupid thing to do. This money only loses its real value over a long period of time due to inflation, that is, if you keep money in the bank, it only gets depleted. That is why you need to change your mindset, instead of keeping money in the bank, a person should use that money for an investment, so that this money continues to be used. This money will work for you and create more achievements, this is how money should be used. It is necessary to use your capital wisely instead of just leaving it alone. You have to create wealth from wealth, invest in places where your wealth will increase in the future through proper risk assessment.

Investment does not mean blind investment, you must invest your money in the right place through research, where even though there is risk, the possibilities will be in your favor, if you invest through research without haste, it is definitely possible to achieve much better success in the future.

[Ryu_Ar1]

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Wealth can only be created by investment, and not dumping huge amount of money in the bank .

What is your take on this?

I don't completely agree with this although I agree that compared to saving in a bank by cultivating fiat it's no better than us investing in something that is much more worth it like bitcoin or gold but that doesn't mean investing is the only way we can get wealth.

In addition, we also need consideration in terms of risk management and experience and the money we have because talking about this wealth is not easy even if we invest in bitcoin even when our financial condition is not too good and too imposing it also does not guarantee we will get wealth and today there are many who feel this way where some of the fomo or beginners slowly, as the reality unfolds.

So by looking at this we should be aware that with investment it might be one of the stepping stones for us to get wealth but on the one hand it needs to be remembered that there is no guarantee of anything here especially our investment instruments have risks like bitcoin so don't make sure the profit is always a belief because even though the expectations are like that but our big expectations can destroy it.

[Joy- maker]

This time around people barely save from their salary to invest, however, salary alone can not make someone wealthy.  It is only when you invest the little you are earning in something that you can even afford to leave like an average person.

If will take a look at those who are wealthy and successful today, they didn't achieve what they had today through monthly or weekly salary, they saved the little they were earning and invested in something, it can be an asset, business stock or mutual funds Gold and so on.  Therefore, if you want to succeed in life you need to save up and invest that money in something that can bring you returns.

[BTC FutureKing]

Yes, investment is for future purpose, so that if things go hard, one can still hold on something that will keep sustaining them, salary can stop coming in any time and if one only depends on it, they will begin to struggle as they go through hard times. But, when one is planting their seed for the future through investing, even if there is no salary coming in, they can still take care of themselves and their family if they have the mindset of managing properly. Although, one doesn't necessarily have to start big, they can start small and with consistency they will attain to the level they want.

Your salary can stop at any time, but investments don't guarantee profits either.
I agree that investing is important for the future, but its unwise to rely on it as your only financial safety net. As I said, nothing is guaranteed and you can still lose money.

Investing alone isn't enough to secure your future. You also need to manage risk, have an emergency fund, and diversify your income stream instead of relying solely on  investment.

This is true to some extent, but it may also be the case that investment guarantees you profit, but you are right that saving money from the monthly budget in advance is a good way to solve future problems, and use this money thoughtfully and skillfully, and invest money in such a place where there is a possibility of continuous profit and future problems can be eliminated. What you said about investment not guaranteeing profit is because anyone who invests money without expertise, skills, and experience and has no knowledge of profit and loss, does not expect good results in such a case, whether you are job or doing business. A successful person is motivated to invest in various things to secure his future.

[WatChe]

This time around people barely save from their salary to invest, however, salary alone can not make someone wealthy.  It is only when you invest the little you are earning in something that you can even afford to leave like an average person.

If will take a look at those who are wealthy and successful today, they didn't achieve what they had today through monthly or weekly salary, they saved the little they were earning and invested in something, it can be an asset, business stock or mutual funds Gold and so on.  Therefore, if you want to succeed in life you need to save up and invest that money in something that can bring you returns.

Salary class people are hand to mouth at the end of every month and this is because people adjust there expenditures in accordance with their salary. This is why investment is very important for future because your monthly salary will barely last for a month but the money you are investing today will increase its value with time. Now its important that you invest money in areas which are known to you and you are confident that you can handle that investment well. Like I am investing in bitcoin only because I have proper knowledge of this market and know how to proceed with Bitcoin.

[eightdots]

This time around people barely save from their salary to invest, however, salary alone can not make someone wealthy.  It is only when you invest the little you are earning in something that you can even afford to leave like an average person.

If will take a look at those who are wealthy and successful today, they didn't achieve what they had today through monthly or weekly salary, they saved the little they were earning and invested in something, it can be an asset, business stock or mutual funds Gold and so on.  Therefore, if you want to succeed in life you need to save up and invest that money in something that can bring you returns.

Investing can help you achieve your goals. To invest, you need to be knowledgeable and buy at the right time. This isn't easy, but since getting rich solely on your salary is difficult, taking the right steps in investing can give you a chance to become wealthy or live in better conditions.

The important thing is to be aware of the risk factor and avoid making wrong moves when investing. Risk is always present, but it's necessary to take the necessary steps and acquire the required information to minimize it.

[Judith87403]

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.

It depends on amount of the salary that you are earning and also if it can outweigh your expenses and you still have a reasonable amount left. Let's take for instance, a footballer who earns huge wages might not like to invest in any asset because they are paid huge amount of money that can sustain their wealth even after they have retired. He can still choose to invest upon the end of his football career. Some famous musicians too may not really care much about investment because they love luxury and spend their money on flashy cars and houses but they still have money that sustain them for a long time. Investment is good but if a person is earning huge amount of money as salary and he works for many years, he can still live a comfortable life. There are people who don't own any investment but they're living large.

[Powerjumboo]

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?

Undoubtedly, investment is a good strategy. Those who can invest and turn that investment into success can achieve a lot of success in life. Of course, investment should be made on something good that has a bright future. You cannot invest in something that does not have a good future. In my case, if I am asked, I will only invest in Bitcoin and hold it for a long time by investing in Bitcoin, because Bitcoin investment is an investment that has a bright future and if held, there is a possibility of sure success, but I will not invest in any meme coin because it does not have a good future. Keeping money in the bank is not safe at all now. In my opinion, investing in something better is a better decision than keeping money in the bank, because keeping money in the bank is currently the riskiest.

[Bitcoin.com97]

Honestly,I was thinking about this ,I have someone who boost about their bank account without any form of investment,and I ask myself once you purchase one or two , couple with the fact that there is decreased in value when money is stored in the bank, but if one invest there money into any reasonable place ,like Bitcoin investment, business where they can make profit ,them such person can be considered a wealthy man if not having a huge amount in your account doesn't necessarily make one a wealthy man.

[Somto9Light]

This time around people barely save from their salary to invest, however, salary alone can not make someone wealthy.  It is only when you invest the little you are earning in something that you can even afford to leave like an average person.

If will take a look at those who are wealthy and successful today, they didn't achieve what they had today through monthly or weekly salary, they saved the little they were earning and invested in something, it can be an asset, business stock or mutual funds Gold and so on.  Therefore, if you want to succeed in life you need to save up and invest that money in something that can bring you returns.

You know sometimes you don't necessarily need to save up money to invest, the moment you figure out that you have discretionary income then you should invest it in whatever it is that you want to invest because holding back funds or even trying to compund it until it gets big before investing it doesn't make much sense to me and sometimes while trying to compund it you might see something attractive like shoes or cloth and then you might be tempted to take from your investment savings to get it that is why I prefer to invest whenever I figure out discretionary income rather than holding back funds or trying to compund it.

[slapper]

Investment is a leverage tool, and leverage cuts both ways. What makes you rich can also make you poor if you lack capital, information or just bad luck when it comes to timing. Income is not the only factor that creates wealth. 

The psychological shift that happens when you move from consumption mindset to ownership mindset. This is the actual way to build your wealth. Salaries are designed not to generate “compound returns” but owning assets does. Salary is linear. Ownership compounds.

Bank account as a safety or investment as a growth? Both have a role. The risky concept is NOT holding money in the bank. It is a one-sided thinking that either extreme is the solution.

[Mahiyammahi]

What is your take on this?

We traditionally go to the bank to keep our money because we don't want to take risks. It turns out that we have been doing this for ages. Banks are getting rich using our own funds and they are growing their businesses a lot. But we are not able to do much with our own money. It is actually very funny.

We should break the boundaries that have been created around us and explore something new. The stock market is undoubtedly a good place where you can increase your investment by hundreds of times. At the same time, it may happen that you are facing big losses due to choosing bad stocks.

[bhadz]

What makes you rich can also make you poor if you lack capital, information or just bad luck when it comes to timing. Income is not the only factor that creates wealth. 

Mismanagement of the wealth made from investing and income from salary or other resources can definitely make things south for that person. Someone who earns a little yet has financial management skills can prolong that wealth. But someone who earned so much and yet lack of information and managament skill will make that wealth just pass by on their hands. I've known too many stories of riches to rags that had happened overnight. Add to it the lack of discipline because when someone who's confident have earned decently will think that they won't run out of money so they buy unnecessary things and spend on those activities that don't matter a lot and isn't about growing their wealth.