The value of money is in spending it.

[goldkingcoiner]

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?

What is the limit? Just how much do we really need to spend? Even if I was a trillionaire, where would I spend it? All I could do with the money is pass it on to someone else like grandchildren or other family.

Spending is overrated. The only thing that is pushing us to keep spending are all the corporations who think that on a planet with limited resources, there is potential for unlimited growth just as long as people keep spending.

I do not need to buy so many things. Nobody except the poor and uneducated think that they need to buy the things others already have to become happy.

It's all an illusion. The necessary things in life can be afforded by the majority of people on earth.

[Obim34]

What is your take on this?

My say on this, don't be the one who doesn't have money at all, rather, have money and let it be in the bank.

You will know the difference when you get into financial need, while the other person can easily request cash withdrawal, a person who has nothing will remain in lack, unable to solve his problem. I understand you were trying to make us understand how best to invest instead of holding cash in banks, but the choreography of the story doesn't make sense.

[Stalker22]

What is your take on this?

My take on this is that it is better to have money and not need it than to need it and not have it, plain and simple.

[Bright0515]

I think for a very long time, this set of scenarios is what we have been fighting against by making people become aware in this forum, first those people leaving their money I'm banks are devaluing the money they have struggled for and it will come to a time that that money won't yield the value it was acquired from becomes the wonderful phenomenon called inflation. Spending money is better than hoarding it but still not the best. Like they have mention a million times, LET YOUR MONEY WORK FOR YOU

Exactly, I see no point in hoarding money when it can actually be a tool to make more money, the excuse some people give is that they save Fiat simply because they are expecting emergencies to happen at any time but you don't have to reserve or hoard all the amount of money you have as emergency funds. People that do this end up regretting why they did not make any investment in the long run.

[Sobz]

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?

It is not everyone that have money in the bank and have choose not use it are the same as those who doesn't have money. Some people have a lot of money anf they dont know what to do with it thst is why the money is just in the bank untouched while some people keep money in the bank just for savings and they still need money to solve their problems, people like this are just the same as those who dont even have money to spend. You shouldn't generalise it to say everyone who  keeps money in the bank are the same because they have left some money in their bank.

[I_Anime]

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?

Money are only fond of gathering and saving money , not knowing that the best way to handle money is to make it work for you too . Saving money is also good , but your money has to work for you . The reason why many still remains in same position they’re now. (Like they are stagnant ) is due to poor management of money . Money is an asset and should be treated that way , money is meant to bring it more value cause value attracts value .

[Zigabel]

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?

Truly money in the bank at that time doesn't have that physical or real time value to its owner except if they are valuing their wealth then that could be included, whenever you use your money to buy something,  you get the value for that money by acquiring the goods or paying for the service for which that goods has been valued in. Even cash at hand gets it's true value from spending it or using it for various forms of payment as stack of funds literally doesn't gets you that value you need to improve your life untill you use it to make the payment for any of such services or products needed, so the true value of any amount of money you have will always be gotten in spending that money and not just keeping it in bank when your needs has not been met.

[Miles2006]

Money stored in the bank or somewhere else is really a good decision likewise spending money, investing the money in some valuable asset is actually better. This point is outside the topic, I was expecting an investment kind of thread viewing the topic is related to this matter.
I get the context of the topic is the value of money, spending money gives an additional value while storing money for longer time means the owner is not yet benefiting so clearly the money stored is of no value yet. Although for anyone who’s rich to an extend locking their money for long period then probably they’re saving the funds for something else while definitely they still will have to spend the money when the time comes.

[tabas]

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.

Wrong, that's a huge difference we have there. Someone who's got money in the bank can always get it at times when they need it. They won't have to worry about emergencies if it happens to them compared to those that don't have money, they will opt to borrow money from someone else or with a bank. That's the value of money if someone has it, it gives them peace of mind.

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?

Am I reading this right? you're telling us that having no money is better than don't use it? Come on man, that's why those people with money can pay rent and those who don't have are on the streets.

[STT]

The ultimate value of money is often found during recessions which is a decline in spending, the value is in security more then anything else I believe.  The reason this matters is that not all spending would be equal and its the potential and safety of that spending value retained that defines the quality of the asset, the demand even when not spending the money.

  Monetary velocity will raise the value of Bitcoin or any proxy for money, currency and value.  The more its used the higher the value is effective but we cannot always rely on the active spending trend, it must hold value when held and not used also.  This is what makes it tricky.



I read this early in 2008 before the giant recession that year.  It became very relevant and most probably remains so now.  This is the order of assets as per John Exter a former Fed economist and founding Governor Bank of Ceylon I believe.  Its decades old but roughly shows how value reverts to a higher power when sold.

[Plutomanian]

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?

We need money for survival because tell me how we're going to eat if we don't prepare ourselves for the future? Money stored in our bank are savings embraced financial security where we're able to save money for emergency purposes and we use them to utilize our chances of making it to the top. The thing here that's more important and also challenging at the same time is having money without having plans for it. We will just waste this money on unnecessary things and before we know it, we're no longer living on the edge.  

The value of money is only noticeable when you don't have money because scarcity of money brings value to the currency. How will the world become if everyone has money? Of what use will be money then?

[Crypto_Timothy]

What is your take on this?

Hm, I wouldn't say they are the same, I mean keeping money idle in the bank is one thing but not having money is another completely different situation entirely because if push come to shove right now, the person with money in the bank can respond to a situation but if you don't have money, you can't do anything about the situation. And to be honest, if you don't have anything in mind to spend your money on, I say it is perfectly fine to store your money till when you have a need for it because there is such a thing as careless spending, which is when you just spend money just because you have it available.
The value of money spent is just as important as the value of the item purchased, one cannot be greater than the other, neither can one be lesser, so that's my take.

[Solokan]

In my opinion, saving money in a bank is certainly good, but don't keep it all there because it's likely to be affected by inflation. Unless the bank offers a high interest rate, then that's certainly a good thing. If we have money but our expenses exceed our income, it will certainly make us suffer.

The truth is, we have money, but it's spread everywhere, such as investing in assets with good potential for the future, such as gold, land, Bitcoin, and so on. This way, our money has the potential to grow over time. Of course, the money we put in the bank is only a small portion, for daily needs and emergency funds. However, having money is definitely better than having no money at all, even if it's stored in a bank. The mistake is not investing and not having money in the bank.

[oll]

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?

The criticism is very strange. Of course, it's always better to have money, even if it's idle, than to have none. If you have a child or a wife, you should understand how important financial matters are for the family. I agree that among our intelligent circle of people on the forum, keeping money in a bank or safe is laughable. But having money is always a good thing. Yes, even sitting in a bank account, it's subject to inflation. But it's there.
And because of this, its owner feels protected and confident in the future. Unlike someone who has no money at all - not in a bank account, not in Bitcoin investments.

[viljy]

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?

My opinion is exactly the opposite. It’s better to have money in the bank, even if that money isn’t used in any way, than not to have any money. Having money in itself provides psychological comfort and a sense of security. I won’t even argue this further because it’s so obvious that it doesn’t require any proof.

[Cityhunter34]

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?

There is a very big difference; it is pretty simple to understand that money kept in the bank is not entirely idle, because at the end of the month you will definitely have some return from the bank. So you don't have to reason it that way, because it's better to have money locked up than not having any at all. You can decide to spent it whenever you want because you already have it.

The main thing is just to spent wisely and focus more on something that will bring profit for you; that's just the simple truth about it.

[Jostern]

I think the value of money is that you’re spending that money, assuming that you’re just keeping money in the bank, and you’re not using that money for anything, and when you get yourself into trouble you can’t even use that money to solve your problems, instead you prefer to ask people for help, I think that is absolutely ridiculous, people can only understand that you have money when you spend money by solving problems and challenges, and spending that money wisely, there are people who have money but they don’t use that money for anything and that money is just sitting somewhere in the bank doing nothing and the banks are using that money for themselves for their business, I think the value of money is spending it, it doesn’t mean you wouldn’t have savings, having savings is important, your savings would also be used for spending in the future times.

[SatsPH]

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?

That's what we call liquid and illiquid money. And that could be the big difference between the so called billionaires and multi millionaires. As most multi millionaires has money in the bank that don't earn, but those trillionaires or billionaires have their money as a investment and growing it for them while they are sleeping.

However, still better to have money than none after all. At least you feel safe knowing that tomorrow, you still have the money to buy food in the table for your family as compare to those struggling and without money.

[7juju]

I think some of you are not understanding the angle my post is taking about. I believe that saving for emergencies are import, saving gives you more options in life, it make you express in a manner that you want, it also gives freedom. The point I’m driving at here is those set of people who would rather die than accept they have money saved somewhere, even though they have money loaded in their bank accounts. They are in need but they don’t want to remove a penny from their bank account.

When it’s time to contribute for something that will benefit them and others, they will be the first to say they don’t have money. Their parents or close relatives are sick but they can’t bring money to give them good medical treatment, they rather look away than bring a penny. They eat whatever they see and deprive their self the basic good things of  life, but they will be the first to enjoy those basic things if another person provides them. These are the set of people I’m directing my attention to. What exactly are those money they are hoarding doing for them?

[GoldBitcoin112]

I want to tell you something, those who lock millions in the bank has money already and they have the once they are using for their daily life , so the once they lock in the bank is just for it to be there because of tomorrow expenses or when the one at hand finishes they can easily go to the bank to take more , locking money in the bank account doesn't nesssary means the owner doesn't have any things to do with it, in due time the money will be use.
But let's talk of those people who doesn't have at all even the one at hand is zero , that works from hand to mouth, this sets of people are just there, you can't compare them at all those that just store money in the bank is just rich , but one thing I like this life is nomather how you stored money at the bank ,one day you will not have access to those money, this is life the best thing is that when you are opportune to much money use that money to help others.