Topic: Should you save, when you are wealthy? - page 5. (Read 1980 times)
You arent wealthy unless you save, however you cant save plain cash as its losing value often. But to have savings is generally going to include stocks and bonds beyond plain cash I think is fair. Some say their house is their savings I dont disagree with that though variety is required, a few would say a house is a liability not savings but depends how you play it as you can improve a house which is a form of self improvement I think in the same category as savings imo.
When we have not been able to achieve success, saving is a way to accumulate money in order to open a business so that we can feel glory, and people who are already rich today they do not stop to continue saving until later until their old age, and at that time they just enjoy the results of their savings without having to work at their old age,
That's what we're strategizing when we're about to open up a business or an investment. We save to invest and to start a business and that's how it goes. While it's true that the rich keeps on saving, they're also keeps on investing. And that's how they afford a vacation at most times while they're already old.And now there are very many rich people who have invested in various places including in the crypto world, and they believe there is a time to enjoy all the results they get later.
Right, it's like suffer now and enjoy later. That's the logic behind it and everybody would want to have that type of life that they're not struggling financially and enjoys everyday of their lives.
Managing money wisely involves finding a balance between meeting your needs now and saving or investing for the future. While it is true that excessive self-denial can lead to unhappiness, it is good to exercise discipline and avoid unnecessary or impulsive spending. So the wealthy often have a financial plan in place that allows them to both enjoy their wealth responsibly and make strategic investments. They understand the importance of maintaining a sustainable financial strategy to support their long-term goals. So achieving financial success involves finding the right balance between enjoying the present and securing the future. This balance will vary based on each person's personal circumstances, goals, and values.
A person's wealth cannot be measured in just one standard. and according to different versions they will also feel "enough" or still lacking in terms of the wealth they have now. some people prefer to accumulate their wealth rather than spend it. I think this is exactly the wrong thing because they are accumulating something that will make it inflation in the future. it is good to use it more in terms of sage or even helping the poor.
Only wealthy people Can save or invest depending upon their priorities in life ,poor or middle class ant do these things they hardly cover their expenses with their income.
Saving is good but investing is better to increase your wealth.
Rich people can save and invest simultaneously at their preferred priority, but that doesn't mean that poor or middle class people can't do this. because those who still live simply or in other words are the middle class can also invest and save simultaneously, it's just that the amount is smaller so that the level of profit and collection of money through savings that they do is also less when compared to those who are in rich level.Saving is good but investing is better to increase your wealth.
Even though those whose life class is still poor or middle class must always struggle hard when they want to do something simultaneously in their life, because they also have to always think about spending and saving first so they can invest on different days. So actually rich people and middle class or poor people can do the same thing though not at the same time or in a way that is slightly different from the way used by rich people.
I guess if it's just stacking paper money, it won't be big in the future. if I'm rich, I only want to have enough money, but I also want to have a lot of assets or a business that can attract that money so that they keep coming endlessly, it's like I want a fast turnover of money rather than I have to accumulate wealth. if I have to spend a lot of money on something useful I will do it without objection. I try not to stand out as a rich person, because my motivation from some of the giant companies whose owners are included in the ranks of the world's richest people doesn't stand out too much.
everyone is different and I think your wish is very good and right, but we must first understand what rich means if it's just a lot of money. rich people will continue to develop their business to continue to grow so that it is possible for them to continue to be able to increase their wealth.I also think so, the most important thing is building assets but saving is also important even that is very important for those who want to build their business in the future because any business will happen unexpected things and to anticipate things that are not desirable big money in the future namely by building from an early age.
I'm wondering how long we'll need to do the savings? Who has already reached any significant level, are you still saving, or you can afford to live without any financial restrictions?
Saving is important because you don't know what would happen in the future if you don't have one, but the way you manage your savings are different story. You can't just accumulate your savings like that because of inflation depends on your country's situation, it would be better to relocate the funds to open some business so you have some money rotation going on in your financial records. Sure, it's not for everyone because managing a business is a difficult task to do and many people already failed to do it, but once you know what to do then it's a long journey from there. 
I guess if it's just stacking paper money, it won't be big in the future. if I'm rich, I only want to have enough money, but I also want to have a lot of assets or a business that can attract that money so that they keep coming endlessly, it's like I want a fast turnover of money rather than I have to accumulate wealth. if I have to spend a lot of money on something useful I will do it without objection. I try not to stand out as a rich person, because my motivation from some of the giant companies whose owners are included in the ranks of the world's richest people doesn't stand out too much.
To save a significant amount of money depends on many factors such as monthly income, cost of living, level of savings and return on investment. However, to achieve significant savings, you need to have a clear savings plan and stick to it. If you're saving now, keep saving by cutting unnecessary spending and looking for high-yield investment opportunities. If you are not yet able to live without any financial constraints, look for ways to increase your income by looking for a side job or small business to increase your income and at the same time save on expenses.
No matter how rich or high income you are, we still need to save to ensure a secure future and more peace of mind in spending. Savings can help you build and accumulate a reserve, invest for the future, or simply cover unexpected expenses. Furthermore, saving helps you maintain a responsible lifestyle and reduce your dependence on loans or uncertain sources of income. So, no matter how rich you are, you should always put saving into your habit.
No matter how rich or high income you are, we still need to save to ensure a secure future and more peace of mind in spending. Savings can help you build and accumulate a reserve, invest for the future, or simply cover unexpected expenses. Furthermore, saving helps you maintain a responsible lifestyle and reduce your dependence on loans or uncertain sources of income. So, no matter how rich you are, you should always put saving into your habit.
All of us want to be free from financial problems, and nowadays there are many ways to do so that we can enjoy life without any burden for finances that we face today, before knowing bitcoin saving is indeed one way to prepare us so that later in the future we can be free from financial problems, but now I am more sure to invest in bitcoin because bitcoin can indeed give us a surprise in the future Ahead, so now never hesitate to continue to collect Bitcoin, so that later we can enjoy life without thinking about the problem of our hudup costs that are always not met properly, rich people must have investments so that the assets owned continue to grow until old age later.
I am also like that, I chose bitcoin as a saving or investment option for a very long time. But I don't just put it in one pocket, but I also have savings besides bitcoin. For example, when I want to save 30% of my income, 20% I set aside to buy bitcoins and another 10% I keep as reserve money. Because for me, when I put all my money in bitcoin it will also be a risk, because I don't know what will happen if at any time I need money. It is an advantage if when you need bitcoin money the market is in a bull market, but when it is a bear market, there will be a dilemma too, whether to sell or not. That's why I divided the place for my savings, so that I can avoid that risk.Saving is good but investing is better to increase your wealth.
Even the poor can save, no matter how small it is, or like cents, it is still savings because you are putting it aside for the future. But talking about who is going to accumulate big savings, that is very different. Yes, the poor or middle class have a hard time saving because of our expenses, but even with a small amount, even those who are jobless can still save, as long as the amount does not matter. But the problem is that if your goal for that saving is huge, like, let's say, buying stuff to start a business, it will take time or be difficult to reach because you are just saving a few cents, unlike if you really have a high income or spare money, then you can accumulate it in a short period of time.
When we have not been able to achieve success, saving is a way to accumulate money in order to open a business so that we can feel glory, and people who are already rich today they do not stop to continue saving until later until their old age, and at that time they just enjoy the results of their savings without having to work at their old age, And now there are very many rich people who have invested in various places including in the crypto world, and they believe there is a time to enjoy all the results they get later.
Probably now I am thinking that I would not like to save all the time, I would like to reach the level at which I would be a wealthy person and I would not have to worry about money, but I have no idea when I can achieve this.
Saving/investing is a must for every human being, saving must be implemented and done early, no need to wait for that age, the right time, you can do now and so on, saving is a positive upbringing for children, adults and so on, if they want their economy to be better in the future, that's the importance of saving.In my opinion, you need to read and consider some Tips for Saving Money in Your Daily Life, in order for you to be a successful person to do that.
Remember talking about saving is easy, to do it is difficult, hope the tips above can help you.
saving is very important because not all the time that our body is strong sometimes we got sick and it needs medication and medication needs money we need to save for emergency reason because we dint know when we can face the emergency situation saving money is not only for wealthy person we can also save even if we are in the middle class or even we are poor we can still save if we wanted to save.
This falls under the category of an emergency fund, which proves useful in times of urgent needs. OP's concern lies in wanting to break the habit of saving and start a life where money works for them. Believe me, there is no instant way to reach this point, even if you consider negative approaches.If I may offer a recommendation, I suggest OP seek out a financial expert for consultation. Although the monthly income may not be substantial, with careful planning from a professional, there will certainly be a way out. Human knowledge has its limits, but when viewed from different perspectives, knowledge from various angles opens up our thinking.
So that's why many rich people always choose to save their money in the form of investments. because they know very well that if they keep their money in the bank then inflation will eat away at the value of their money. And they avoid this and choose to save their money in gold and invest it in stocks, property and the like which they think have the opportunity to develop the value of their money and are not affected by inflation.
and the steps you take to prefer to save in gold, crypto (bitcoin) and real estate are also the right steps. because at least inflation doesn't really have an impact on gold and the value of our assets can grow in bitcoin and real estate. as long as we invest for the long term.
That's right.and the steps you take to prefer to save in gold, crypto (bitcoin) and real estate are also the right steps. because at least inflation doesn't really have an impact on gold and the value of our assets can grow in bitcoin and real estate. as long as we invest for the long term.
They're making their money work for them. The cash is still there but you'll only see a portion of it to be little because most of their wealth are in the form of assets, investments and other income generating businesses.
That's a very typical thing for the rich people because they know how to work smart and how to make their money work for them. While we're not as big as these wealthy people, we can also do the same thing in every little step that we can.
Saving money doesn't only apply for the unwealthy people but for all.
No matter how successful you are right now if you don't manage your money too well it would only last for a short time.
There are so many good example of it, there are so many successful people around the world that ends up losing it all.
No matter how successful you are right now if you don't manage your money too well it would only last for a short time.
There are so many good example of it, there are so many successful people around the world that ends up losing it all.
Saving money, of course, is something that all human beings need, I'm sure almost everyone has an account in a bank because without banks it will be difficult to save money, saving, of course, aims to provide security for the money we save, because banks are fully guaranteed by the state so there's no worry.
As a wealthy person you don't save money because of inflation, like about 5% more or less purchasing power of the money you save in the bank will be lost to inflation each year due to the continuous printing of money , for instance imagine losing 5% of 1 Billion dollars you saved, that is like about $50,000,000, that's day time robbery and huge some amount of money right?. So Instead of saving money in the bank and slowly lose it to inflation I would rather invest it into Bitcoin, Gold and Real estate because these assets increases in value over time ,so to maintain or increase your status you need put the money into work in order to bring money and not to save.
So that's why many rich people always choose to save their money in the form of investments. because they know very well that if they keep their money in the bank then inflation will eat away at the value of their money. And they avoid this and choose to save their money in gold and invest it in stocks, property and the like which they think have the opportunity to develop the value of their money and are not affected by inflation.and the steps you take to prefer to save in gold, crypto (bitcoin) and real estate are also the right steps. because at least inflation doesn't really have an impact on gold and the value of our assets can grow in bitcoin and real estate. as long as we invest for the long term.
All of us want to be free from financial problems, and nowadays there are many ways to do so that we can enjoy life without any burden for finances that we face today, before knowing bitcoin saving is indeed one way to prepare us so that later in the future we can be free from financial problems, but now I am more sure to invest in bitcoin because bitcoin can indeed give us a surprise in the future Ahead, so now never hesitate to continue to collect Bitcoin, so that later we can enjoy life without thinking about the problem of our hudup costs that are always not met properly, rich people must have investments so that the assets owned continue to grow until old age later.
I am also like that, I chose bitcoin as a saving or investment option for a very long time. But I don't just put it in one pocket, but I also have savings besides bitcoin. For example, when I want to save 30% of my income, 20% I set aside to buy bitcoins and another 10% I keep as reserve money. Because for me, when I put all my money in bitcoin it will also be a risk, because I don't know what will happen if at any time I need money. It is an advantage if when you need bitcoin money the market is in a bull market, but when it is a bear market, there will be a dilemma too, whether to sell or not. That's why I divided the place for my savings, so that I can avoid that risk.Saving is good but investing is better to increase your wealth.
All of us want to be free from financial problems, and nowadays there are many ways to do so that we can enjoy life without any burden for finances that we face today, before knowing bitcoin saving is indeed one way to prepare us so that later in the future we can be free from financial problems, but now I am more sure to invest in bitcoin because bitcoin can indeed give us a surprise in the future Ahead, so now never hesitate to continue to collect Bitcoin, so that later we can enjoy life without thinking about the problem of our hudup costs that are always not met properly, rich people must have investments so that the assets owned continue to grow until old age later.
I am also like that, I chose bitcoin as a saving or investment option for a very long time. But I don't just put it in one pocket, but I also have savings besides bitcoin. For example, when I want to save 30% of my income, 20% I set aside to buy bitcoins and another 10% I keep as reserve money. Because for me, when I put all my money in bitcoin it will also be a risk, because I don't know what will happen if at any time I need money. It is an advantage if when you need bitcoin money the market is in a bull market, but when it is a bear market, there will be a dilemma too, whether to sell or not. That's why I divided the place for my savings, so that I can avoid that risk. 
As a wealthy person you don't save money because of inflation, like about 5% more or less purchasing power of the money you save in the bank will be lost to inflation each year due to the continuous printing of money , for instance imagine losing 5% of 1 Billion dollars you saved, that is like about $50,000,000, that's day time robbery and huge some amount of money right?. So Instead of saving money in the bank and slowly lose it to inflation I would rather invest it into Bitcoin, Gold and Real estate because these assets increases in value over time ,so to maintain or increase your status you need put the money into work in order to bring money and not to save.
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