Having money is good, it brings a differently compared with those that don’t have money. But I think there’s no difference between those the people that have money and lock it away in the bank, and those that don’t have money. A money lock away in a safe, without plans of making use of it, is of no value to you.
Those that spend the little they earned on things they need are actually the ones deriving the value of money. It is better you don’t have money than have money don’t use, that are sitting idle in the bank for years without being used.
What is your take on this?
I feel there should be a balance when it comes to things like this. Firstly, in as much as I’m not a fan of leaving money in the bank without investing or using it for a long period of time. I still won’t support spending the little you earn on things you need in the name of deriving this value of money.
My reason for saying this is, you may never have money if you keep spending the little you have always, and don’t save or have reserve for investment.
In my opinion, “The value of money is knowing how to use it to make more money” spending is a by product of having the money, and shouldn't be the main focus.