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

[Solodoski]

Investment is really good, but I don't think it's enough to make you wealthy.  Investment can give you a very good return or profit in the long-term,  but I think you need more than just Investment to make you wealthy. I also don't think it's a good idea to just let your money sit in the bank, without trying to make your money work for you. We talk about Investment like you just invest your money and you become wealthy, it dies not work that way. We tend to forger that Investment also has its positives and negatives. We should not forget that investments also fails, so I think if you want to be wealthy, you have to be creative, innovative, so you can invest in chains of business and hopefully it turns out good for you.

[Jaweria parveen]

Investment is really good, but I don't think it's enough to make you wealthy.  Investment can give you a very good return or profit in the long-term,  but I think you need more than just Investment to make you wealthy. I also don't think it's a good idea to just let your money sit in the bank, without trying to make your money work for you. We talk about Investment like you just invest your money and you become wealthy, it dies not work that way. We tend to forger that Investment also has its positives and negatives. We should not forget that investments also fails, so I think if you want to be wealthy, you have to be creative, innovative, so you can invest in chains of business and hopefully it turns out good for you.

If the investment is invested in different businesses in different ways, then different profits and additional earnings are enough for you to be rich.  With this, you can improve yourself and expand your business, which will make your business even better.  As the story of Google was, in the beginning there was first 1 computer and some necessary things, which 2 people made so big with hard work and efforts, and today every mobile and computer and laptop has Google.  Therefore, not every work is small, there is a way to run it and keep your quality so good that people will know you.  We see such things in the market that are the same but come with the name of different companies, which cost more, they work with good quality.  Capital can do a lot for you, if you have intelligence and patience, you can make yourself rich with it.

[Jostern]

I heard a motivational speaker say that, money spent is money with values, he said that money is only valuable and useful when you’re spending it, money kept in the bank is quite useless, I can agree with what you have said, most of the richest people in the world are business men who have invested money in one or two businesses that have been successful, however that you’re a salary earner and you’re earning a good reasonable amount of money  that you can start up a business or investing in bitcoin, when you have a capital you can actually start up something that can be beneficial to you, I don’t like keeping money in bank, I prefer investing my money in bitcoin more like saving money through bitcoin on a weekly or monthly basis, considering when I have money available, any money kept in the bank is just as useless as anything, making good reasonable investments is always good for someone who wants to make money.

[Bigjoe33]

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?

Sure, investment is really good. But one has to be careful the kind of investment one will enter, of course, you also have to check the time frame you would be needing the money, so that you don't get stranded while waiting to get your money or income back and the investment is not ready to give back.

Keeping money in the bank as savings doesn't really add anything significant yo your balance or the value of the money. Also, depending on just one source of income can't really take us to the level of financial freedom that we may desire. Investment has always been the real deal. Just like you mentioned, business men and women had made enough money in the world of business for years. I think to grow out money, it must be invested through business or any kind of investment where it grows. It's important we invest so it gtows
 Allowing it to be at a place without investment will not let us grow financially as we want.

[MainIbem]

I heard a motivational speaker say that, money spent is money with values, he said that money is only valuable and useful when you’re spending it, money kept in the bank is quite useless, I can agree with what you have said, most of the richest people in the world are business men who have invested money in one or two businesses that have been successful, however that you’re a salary earner and you’re earning a good reasonable amount of money  that you can start up a business or investing in bitcoin, when you have a capital you can actually start up something that can be beneficial to you, I don’t like keeping money in bank, I prefer investing my money in bitcoin more like saving money through bitcoin on a weekly or monthly basis, considering when I have money available, any money kept in the bank is just as useless as anything, making good reasonable investments is always good for someone who wants to make money.

Money left in the bank would be used for business by the bank and in return what you get it taxes for account maintenance so I support where you said that salary earners whether low income or average should emulate the rich and start up a business or go for an investment like Bitcoin to add better value to their money. Bitcoin investment favours all  class so it's a good advice to anyone looking for what to make good use of their discretionary funds with, even though the person doesn't earn much, good future returns can still be made if small portions of the discretionary funds is put into Bitcoin consistently for long.

[HelliumZ]

If you keep money in the bank, the value of money decreases over time due to inflation, so if you keep $100k in the bank now, it will decrease due to inflation. But if you invest $100k in Bitcoin now or buy any other land or gold, it will increase in value over time. That is why if you keep multiple accounts in the bank, you may not get the opportunity to get rich from those multiple accounts. But if you invest in Bitcoin and hold it for 10 or 20 years, it will definitely give you a profit ten times more than the current price. But if you keep money in the bank account now, it will almost be reduced by half after 10 years.

[Fiasem20]

Wealth can only be created by investment, and not dumping huge amount of money in the bank .
What is your take on this?

Wealth can only be created by investment,there are other ways people can achieve wealth.Investing being the prominent one doesn’t completely makes it the only way to create wealth.A lot of persons have enough invested on the wrong asset because they were unable to manage it,if you know you can’t manage the risk of an investment don’t participate in it that’s why I don’t blame most of the elderly ones for not participating in digital investment like cryptocurrency because at their level they’re more exposed to physical investment like the real state,gold and all the rest.The truth is don’t keep all your finance in fiat because it would lose it’s value overtime but when you invest them on an asset that’s not affected by the economic downturn it would appreciate overtime.

[Abdulzuruku01]

Investment is really good, but I don't think it's enough to make you wealthy.  Investment can give you a very good return or profit in the long-term,  but I think you need more than just Investment to make you wealthy. I also don't think it's a good idea to just let your money sit in the bank, without trying to make your money work for you. We talk about Investment like you just invest your money and you become wealthy, it dies not work that way. We tend to forger that Investment also has its positives and negatives. We should not forget that investments also fails, so I think if you want to be wealthy, you have to be creative, innovative, so you can invest in chains of business and hopefully it turns out good for you.

Life is all about risk, and wise sayings that if you don't risk you will end risk all. Whenever you're about to invest you need to be extra careful, and have ideas about the risk management that is attached to that business. investment can make you rich if you're lucky and invested wisely, and will also make you poor faster if you invest on wrong channels.

Like in my country, many people do buy food items and stock them in case the foods price maybe higher in a giving period of time. So that they can resell just to make a profit, but sometime the price of those items reduce prices more than what they bought them

[ChocolateBitcoinK]

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.

It is important to keep money in the bank, especially the money you need, but you must keep it in the bank. But if you keep a large amount of money in the bank for a long time, then the real purchasing power of that money gradually decreases due to inflation, that is, the money that you keep for a long time, which is not for any necessary work but for saving, then you should not keep it in the bank in any way. Instead, you should do a good business with it, or make an investment, so that your capital can increase from it.

Even if you keep a significant amount of money in a bank, it will lose its real value in the long run due to inflation, whereas if you start a good high-potential business with this significant amount of money, then your money will continue to double in the long run.

[uneng]

Money left in the bank would be used for business by the bank and in return what you get it taxes for account maintenance so I support where you said that salary earners whether low income or average should emulate the rich and start up a business or go for an investment like Bitcoin to add better value to their money. Bitcoin investment favours all  class so it's a good advice to anyone looking for what to make good use of their discretionary funds with, even though the person doesn't earn much, good future returns can still be made if small portions of the discretionary funds is put into Bitcoin consistently for long.

However, it's not so simple like that, because someone investing in Bitcoin must be ready to hold for a long period of time if necessary, in case Bitcoin crashes for a while. Money in the bank is necessary for those who have recurrent bills and debt to be paid in a frequent basis, even though they might not need that money for the next month or so. In case the money is invested in BTC, it might get stucked for the following few years in case the person wishes to cashout profits.

[JoyceBTC]

Investment is really good, but I don't think it's enough to make you wealthy.  Investment can give you a very good return or profit in the long-term,  but I think you need more than just Investment to make you wealthy. I also don't think it's a good idea to just let your money sit in the bank, without trying to make your money work for you. We talk about Investment like you just invest your money and you become wealthy, it dies not work that way. We tend to forger that Investment also has its positives and negatives. We should not forget that investments also fails, so I think if you want to be wealthy, you have to be creative, innovative, so you can invest in chains of business and hopefully it turns out good for you.

And I also think since investment are not guaranteed, it is also good to have more than one investment, that is multiple source of returns. Most investment actually get more profitable over a long term, so being patient is important. Businesses are good too, but not just starting any business but a business built on a well creative mindset, planning, skills and a good financial management.

[bangjoe]

If you keep money in the bank, the value of money decreases over time due to inflation, so if you keep $100k in the bank now, it will decrease due to inflation. But if you invest $100k in Bitcoin now or buy any other land or gold, it will increase in value over time. That is why if you keep multiple accounts in the bank, you may not get the opportunity to get rich from those multiple accounts. But if you invest in Bitcoin and hold it for 10 or 20 years, it will definitely give you a profit ten times more than the current price. But if you keep money in the bank account now, it will almost be reduced by half after 10 years.

If you save as a regular savings will of course be the food of inflation, but if you save as a deposit that gives interest on the money you save IU will at least provide resilience, and can be a profit if the interest given by the bank far exceeds the average inflation that occurs in your country, you will not suffer too much. at least there is defense.

And actually there is no guarantee for anyone that the price of the land you buy and the bitcoin you buy can get 10 times the profit in ten years but potentially it is much more likely to make a profit in bitcoin, and it should also be considered that there is a risk that overshadows your assets, and I think you know that on this, instead of looking for profit/surviving the inflation attack that occurs is to buy gold which is much more consistent and gradually increases, so in investing, you also have to understand how Asset Management is important and it is better not to keep it in the same basket.

[Mr Reporter]

Life is all about risk, and wise sayings that if you don't risk you will end risk all. Whenever you're about to invest you need to be extra careful, and have ideas about the risk management that is attached to that business. investment can make you rich if you're lucky and invested wisely, and will also make you poor faster if you invest on wrong channels.

Like in my country, many people do buy food items and stock them in case the foods price maybe higher in a giving period of time. So that they can resell just to make a profit, but sometime the price of those items reduce prices more than what they bought them

Honestly, this one word really hit hard to me "If you don't risk, you risk all" because the real truth is that with doing anything or even trying not to risk is also a risk in itself, imagine how inflation eats money and so many opportunities pass, and after all that spending, you still end up not having enough to buy, but the truth is that in everycorner they is always a risk but the big picture should be risking wisely and it now an personal opinion, the idea you made about purchasing of farm product at a cheaper rate is a very good example, back then I made use of such opportunity to buy a new car from the gain of the business…then I think I brought about 10 bags of rices and resold it for alot then when the price had stood up this was at the years 2024 then…

That's why it called the  “stock speculation” The goods are being brought at a higher price and most companies are even doing such right away..and telling about the bad side of this business is not always good most of the time, when the government imports, the price drops down at some point and it crashes below what you bought then, and that the lost in the  for

[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.

It is important to keep money in the bank, especially the money you need, but you must keep it in the bank. But if you keep a large amount of money in the bank for a long time, then the real purchasing power of that money gradually decreases due to inflation, that is, the money that you keep for a long time, which is not for any necessary work but for saving, then you should not keep it in the bank in any way. Instead, you should do a good business with it, or make an investment, so that your capital can increase from it.

Even if you keep a significant amount of money in a bank, it will lose its real value in the long run due to inflation, whereas if you start a good high-potential business with this significant amount of money, then your money will continue to double in the long run.

Exactly my point , definitely we need money in our bank account at least for our daily uses,but not having a reasonable amount in your account and it's just left there without putting it into good use ,like investing with it ,or setting up a business with it ,that doesn't make any sense at all, money been left in bank for a very long time doesn't appreciate value, instead you began to spend it unnecessary and may not get any tangible results with it,so storing money in your bank account doesn't make one wealthy unless they invest with it wisely .

[rachael9385]

Whatever you have in your Bank account is not going to be a permanent figure because Money is always going to be spent on something at the end of the day and if you don't have a means to to replace it or have an investment that can keep money coming into your Bank account you are going to be broke after a while, it doesn't matter how much you have. The reason why a lot of people that stumble on millions of dollars end up broke is because they don't have an investment, all they do is spend. Investments is actually what makes a person financially stable.

[Muba20]

Money left in the bank would be used for business by the bank and in return what you get it taxes for account maintenance so I support where you said that salary earners whether low income or average should emulate the rich and start up a business or go for an investment like Bitcoin to add better value to their money. Bitcoin investment favours all  class so it's a good advice to anyone looking for what to make good use of their discretionary funds with, even though the person doesn't earn much, good future returns can still be made if small portions of the discretionary funds is put into Bitcoin consistently for long.

However, it's not so simple like that, because someone investing in Bitcoin must be ready to hold for a long period of time if necessary, in case Bitcoin crashes for a while. Money in the bank is necessary for those who have recurrent bills and debt to be paid in a frequent basis, even though they might not need that money for the next month or so. In case the money is invested in BTC, it might get stucked for the following few years in case the person wishes to cashout profits.

There are some people who feel more comfortable keeping money in the bank. But they do not think that the money they keep for a long time is not benefiting them later, rather the bank itself is benefiting from their money. The money returned by the bank that is worth less according to the time. That is why wise investors have chosen not the bank but a potential investment platform like Bitcoin.

The difference between investing in the bank and investing in Bitcoin. There are some people who need money constantly. They can keep money in the bank. They can withdraw and deposit from the bank at any time according to their wishes for daily expenses. But to invest in Bitcoin, the investor must make a long-term plan. Those who have discretionary income are suitable for investing in Bitcoin. If someone wants to invest in Bitcoin, if he regularly invests in Bitcoin from his discretionary income and tries to hold it for a long time, then he will definitely get several times the investment in the long term.

[HustleZ]

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 support what you say, no matter how big someone's salary is without proper investment they can not build wealth. The higher the salary of a person the higher the status they have to sustain will become, consequently the spending will increase and the there will be less and less amount saved. if we suppose that a person avoids all the unnecessary spending and saves alot, the money saved will be eaten up by the inflation so its a Lose/Lose situation if a person relies only on a paycheck. INVESTING IS REALLY IMPORTANT. the best way to invest for an average man is to DCA in bitcoin and watch them see their income multiply/Grow.

[GIF-JOBS]

Whatever you have in your Bank account is not going to be a permanent figure because Money is always going to be spent on something at the end of the day and if you don't have a means to to replace it or have an investment that can keep money coming into your Bank account you are going to be broke after a while, it doesn't matter how much you have. The reason why a lot of people that stumble on millions of dollars end up broke is because they don't have an investment, all they do is spend. Investments is actually what makes a person financially stable.

What you deposit in the bank will not do you any good, rather it will just stay there, that is, it will not be of any use, it will just stay there, no good results can be expected from it. For this reason, it is very wrong to deposit money in the bank, rather, that money should be used for a good investment, through the right investment it is possible to build a wealth that can change your entire lifestyle.
Although there is risk in an investment, but if the investment is done correctly, then it is possible to achieve a lot of good from it. So you should invest, financial freedom will be when your wealth is not limited to a certain amount but will constantly create more money for you.

[DPHOR]

Some persons enjoy seeing their money sitting pretty in their bank account because it gives them the feeling of being wealthy, whereas the reverse is the case. The issue of investment yields fruitful results when channelled to legit and profit making scheme.
For example: some persons invest in gold (raw/pure), real estate, company shares, cryptocurrencies, etc
All of these listed may not necessarily be a quick means to wealth, but as time goes by they become fruitful which leads to making x2 or x3 of what was used in investing.

[snowpega]

Some persons enjoy seeing their money sitting pretty in their bank account because it gives them the feeling of being wealthy, whereas the reverse is the case. The issue of investment yields fruitful results when channelled to legit and profit making scheme.
For example: some persons invest in gold (raw/pure), real estate, company shares, cryptocurrencies, etc
All of these listed may not necessarily be a quick means to wealth, but as time goes by they become fruitful which leads to making x2 or x3 of what was used in investing.

Haha, enjoy how? This isn't called enjoy; it is called satisfying yourself by seeing again and again your money in the bank. Because the term enjoy fits better in the place where you use that money to fulfil your desire, and when you buy something that you really want, then you enjoy the money you hold in your bank. Well, this is just stupidity and nothing else; holding your money in banks for the long term will literally benefit nothing if we compare it with the investment side.

 At the same time, we need to keep in mind that investing money also includes big risk, so while investing, we have to be picky and selective and we should do our best research before investing in any asset so that the money we are going to invest we don't lose it. We should learn about many risk management strategies so that when we invest, we plan first to manage the risk in our investment. DYOR!