The value of money is in spending it.

[Italian Panic]

Saving money is quite important but I don't agree that spending our hard earned money today on the things that we enjoy is just a waste of money. If someone is earning well today that does not mean that money is only meant for future plans; it is meant to improve our living standards and have best present life. There are so many examples of the people around us who spend a good amount responsibly today but still have enough money for any sort of emergency in the future. Problem is not about spending money; it is about using it wisely. The problem arises when someone spends it without seeing any future consequences. Keeping money in bank without having proper investment plan can and reduces the value of it as the inflation is quite becoming high. The good and the financial system is to have a proper balance between investing saving and also enjoying money at the same time.

The best way to spend your money is not to waste it on pointless frivolities, but to invest it as wisely as possible. For example, buying bitcoin isn’t a bad idea at all, as it allows you to beat inflation and achieve a very significant return over time. Furthermore, another important consideration is the portability of your investment: if you invest in a weak fiat currency, it can suffer massive devaluation at the exchange rate, whereas with bitcoin you can travel the world with just a usb dongle.

[lombok]

Saving money is quite important but I don't agree that spending our hard earned money today on the things that we enjoy is just a waste of money. If someone is earning well today that does not mean that money is only meant for future plans; it is meant to improve our living standards and have best present life. There are so many examples of the people around us who spend a good amount responsibly today but still have enough money for any sort of emergency in the future. Problem is not about spending money; it is about using it wisely. The problem arises when someone spends it without seeing any future consequences. Keeping money in bank without having proper investment plan can and reduces the value of it as the inflation is quite becoming high. The good and the financial system is to have a proper balance between investing saving and also enjoying money at the same time.

Allocating money towards purchasing goods that will make one feel satisfied is the inherent right of any sensible and industrious individual. Enhancing your current lifestyle is as important as thinking about your future, provided your emergency funds are kept intact. Financial leakage occurs when you spend without calculating risks and does not arise out of the choice of spending in the right manner. Hoarding all your money in form of cash only decreases the significance of savings since purchasing power keeps decreasing due to inflation. Your sound financial footing is built on the strength of the balance among three major pillars, which include current happiness, liquidity and high performance investing.

[Obulis]

What is your take on this?

I know a lot of people that has money and there focus is on saving plus they spent it fearfully when its time to spent some amount which is totally wrong because i think a balance is needed in spending and saving money. A person earn money to live life with comfort and peace and have facilities so spending money on itself and family on essential expenses is not a big deal and save the rest for emergency and investments is also necessary .

Fearful spending sometimes usually leads to bad financial decisions that will end up being completely more expensive overtime and the person end up wasting time. The fear of spending this hard earned money can makes people to purchase inferior products and even services that sometimes or most times don't last long.

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.

I disagree because in this case one has money and savings is also a security although it is in locker but still he has a security and it is available any time if he needed.

The difference is actually very clear, as much as both appears penniless, one can just catapult to expenditures by requesting or demanding some funds from the bank but the other can't and so remains penniless.

[Canves]

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 is not just for saving. Rather, it is for people to live well and use it to meet their needs. But I think saving money is also important, because in the future, if there is any danger or emergency, that saving can help us. Again, just saving money does not give the real value of a person's life. Fulfilling our own needs, planning for the future, and taking care of our family are also important uses of money. I think the real value of money can be found only when we can maintain the right balance between saving and necessary expenses. Just as having money is important, using that money correctly is also important.

[Mpamaegbu]

Every dollar you save and invest wisely will work for you, multiplying itself.

Sadly, the irony of life is that we really can't tell what that wise investment is until it's in hindsight. Everyone investing has the intention of profiting from it but history has shown that it doesn't always happen that way. We don't know a bad investment ahead of time until we're already in it.

Ofc you need to spend it eventually, dying with money is just stupid.

Exactly! This is why I laugh when I hear or read about people chorusing that they would rather get money elsewhere to spend instead of spending their Bitcoin. The question, for me, has always been – what's the essence of money if it's not put to use? In my local parlance, we say – no one admires money for itself but we admire what was bought or built with money.

[qurbanshah02]

Fearful spending sometimes usually leads to bad financial decisions that will end up being completely more expensive overtime and the person end up wasting time. The fear of spending this hard earned money can makes people to purchase inferior products and even services that sometimes or most times don't last long.

A person is always killed with a wrong decision because according to it he thinks right because he does what he feels right but nature and its wrong decision are not fixed for the coming time. That is why they make good decisions by believing in money but it is the rule of the world where every wasteful spending or decision that is not according to you becomes a sorrow in the life of a person. Therefore, investing money in the wrong place is harmful for your coming time. We should try to collect our money as much as possible and take advantage of it according to our mood. If your business is good enough. If you have come to show money in the world, then you will have to work hard for the world like Elon Musk. Even he does not show off after having so much money.

[Zackz5000]

Keeping money in bank without using it for investment or business it's not a wise thing to do as someone one who wants to be free financially, your money wouldn't grow for you if just kept in the bank, in some country inflation will make the money you save in bank to be worthless.

People use money to chase money, that is by investing it in what that will generate out money for you, the value of money is making use of it by either investing it in business or use it to purchase asset that will appreciate in value in time coming like landed property.

[bangjoe]

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?

This kind of thing can not be generalized bro, some people have their own goals in the use of their money, saving years in a bank account or personal safe is the habit of people in the past, where they prepare money for the Times he needs the most, such as old age and so on subjectively, and it's not wrong, if they choose, because knowing the value of money will go down over time.

The benefit is a very subjective personality feedback, so you can not measure the usefulness in your view to the habits of others who may personally be very useful, such as generosity or pleasure in getting from the financial activity.

[Shineup]

No doubt I'd only agree the value of money is just spending it, you might spend on investment, properties, living on a lavish life style, it's all fall on the spending, so I can just agree that's the value of money, because even on the investment there's a way you will spend and you hardly get back you Money, so at that point you've just made an unwise spending, so there's no other way I can define the value of money aside spending, because you can't eat it raw if you don't use it to exchange what ever you want, I don't know there might be some other value as this is just an opinion from my side of view on the value.

[TheUltraElite]

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.

Spending for the necessities and spending for living your life should be the goal. People have their goals and issues that they need to address in their life and money will help in covering them. One might want to go on a yearly foreign trip and hence save the money for that.

These things are important in life otherwise it is not worth living.

So save and spend, balance them in such a manner that one does not end up spending more than they can afford to spend and save too.

[Bigjoe33]

Some can still save up the money in the bank and stull make profit over time. It depends on the kind of savings you may wish to do, and secondly you kind of fiat currency. Some currencies have no much value and devaluates easily, while some retains value for a longer time.

Some people may not want to use Bitcoin because they may not have confidence in it, or may not be ready for it's volatility, thus, they may prefer using traditional banking system.

Whichever way, Bitcoin investment is better, but everyone will not do Bitcoin. Some would prefer a soft and easy saving mode that can allow you access immediately without much deflation.

[Mayor of ogba]

If those people that have money but lock it away in the bank have problem they won't need to run around looking for where they will get money to solve their problems, they will just go the bank they are banking with to withdraw their money and quietly solve their problems without bothering anybody, while those that don't have money, if they have problems they will call their friends and loved ones to lend them money so that they will be able to solve their problems. So, you see now that there's big difference between those people that have money but lock it  away in the bank, and those that don't have money.

[tsaroz]

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?

This is what I want my wife to understand. It took me years to make her realize that keeping money in banks would decrease the value of your money.
Money should be spent and invested. Spent for making your life easier, saving you time and avoiding displeasure and to entertain you and make you happy.
You don't necessarily need to copy others but do what you want and desire when you have money and time. The rest that you save should go towards investment, it's not necessary that all your investment be profitable but losing money trying something different is always better than losing money doing nothing.

[JoyceBTC]

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 no way someone will lock in money in a bank without having any use of it in the future, the money is actually locked away there for a particular goal, future investments and locking it away is the best way to achieve that to avoid spending unnecessarily. We can’t just continue spending and spending without having any plan for the future and end up spending every thing at a time.
Yes, I agree the main purpose of having money is to spend and also satisfy wants but doing it wisely is the best option because that money can also yield more returns.

[Stormisover]

Keeping money in bank without using it for investment or business it's not a wise thing to do as someone one who wants to be free financially, your money wouldn't grow for you if just kept in the bank, in some country inflation will make the money you save in bank to be worthless.

People use money to chase money, that is by investing it in what that will generate out money for you, the value of money is making use of it by either investing it in business or use it to purchase asset that will appreciate in value in time coming like landed property.

If you have money, your basic needs should be paramount, you can save as little as you can then ensure that you are also investing, one of the truth is most people prioritize saving their money more than using it for something else and that is wrong and poor mentality . There is joy when spending your money over things that really worth it, most people never enjoyed life like eat good meals, live in a healthy environment even when they can afford it, they protect their money not even that they invested it, indeed the value of money is when you are spending it and spending it wisely, our most concern should be that let the money keep coming, I usually say that had it been there is an assurance of always getting money saving money would have been a waste of time.

[bitmover]

Every dollar you save and invest wisely will work for you, multiplying itself.

Sadly, the irony of life is that we really can't tell what that wise investment is until it's in hindsight. Everyone investing has the intention of profiting from it but history has shown that it doesn't always happen that way. We don't know a bad investment ahead of time until we're already in it.

This is not true.

There are many good investments out there that everyone will profit from them in the long term. For exampel, gold and passive etf funds.

The problem is that people lose money trying to get rich quickly.

[Youngrebel]

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.

There is no way you will survive on earth without spending do if someone has money that is saved in the bank for years without being touched it only means two things, either he or she is wealthy enough and have enough they are spending and still earning then that one in the bank has no use for the main time rather it is saved for future purpose or that person is in a prison yard snd can’t access his or her funds then it’s stored there for years, thats what I can say dont know if another person has a take on this because wealth is actually beyond what you might know some people are over rich like you might not even imagine.

[Royal Cap]

What is your take on this?

However, what I would like to say is that the person with money lying idle in the bank may not be spending it visibly, but there is a great amount of peace or 'financial security' in his mind. The backup he has when the time of danger comes it helps him stay relaxed. Whereas the person without money has to endure tremendous stress mentally during his struggle to survive each day. So, how could these two be compared?
However, I agree that leaving fiat money or money lying idle in the bank is truly foolish. This is because, every year due to inflation the purchasing power or value of the money lying in the bank keeps on decreasing. In this way rather than keeping money idle in the bank vaults, if you can invest your money in Bitcoin or gold, then it will not only secure your future but will also ensure the value of money. To have money is surely better than not having it at all.

[drangos]

Saving money is quite important but I don't agree that spending our hard earned money today on the things that we enjoy is just a waste of money. If someone is earning well today that does not mean that money is only meant for future plans; it is meant to improve our living standards and have best present life. There are so many examples of the people around us who spend a good amount responsibly today but still have enough money for any sort of emergency in the future. Problem is not about spending money; it is about using it wisely. The problem arises when someone spends it without seeing any future consequences. Keeping money in bank without having proper investment plan can and reduces the value of it as the inflation is quite becoming high. The good and the financial system is to have a proper balance between investing saving and also enjoying money at the same time.

Allocating money towards purchasing goods that will make one feel satisfied is the inherent right of any sensible and industrious individual. Enhancing your current lifestyle is as important as thinking about your future, provided your emergency funds are kept intact. Financial leakage occurs when you spend without calculating risks and does not arise out of the choice of spending in the right manner. Hoarding all your money in form of cash only decreases the significance of savings since purchasing power keeps decreasing due to inflation. Your sound financial footing is built on the strength of the balance among three major pillars, which include current happiness, liquidity and high performance investing.

I think that the purpose of money shouldn't just be to sit in a bank account. It's a good idea to save for the future. But nobody can predict what's to come. For some things with all the money that you spend. It is similar to investing in your experiences  family or happiness. The real difficulty is separating out the things that are helpful to us from our wants. Financial discipline isn't a matter of cutting out all the costs. It's about enjoying the moment without compromising your long term financial security. Probably a better gauge is striking that balance between saving. And spending as much as possible.

[Jubilee58]

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?

Snip

There is a perfect quote for this exact situation:

"You gotta SPEND money to make munney."

Save save save, yes it grows that way too but you know how it grows even faster? When you spend cleverly.

If you spend your money on income producing assets instead of liabilities, eventually you'll set up a machine that exhales CASH. It inhales CASH too but then it exhales even more than what it consumed.

That's fellas what we call... INVESTING.

Money is not only meant to be spent, but our money should also be invested most importantly. When you spend money without a source of replacement it actually make no meaning, people who like spending money without investment end up facing financial relapse. Often times we see people who were doing well financially, and all of a sudden they start looking for money. What everyone need is sustainability when it comes to money which makes spending more meaningful. Furthermore, the people we know to be wealthy today, avoided unnecessary spending, but instead diverted most of their money to building wealth.