Topic: Should you save, when you are wealthy? - page 6. (Read 1980 times)
I totally get it! Building wealth is a journey, and it can be tough to figure out how long it'll take. Some people keep saving even when they're financially stable, while others reach a point where they don't have to worry about money. It's different for everyone. You've started taking steps, which is awesome! Having bitcoin is cool too, but try to find a steady income source. Balancing saving and treating yourself can be a challenge, but creating a budget can help. Becoming wealthy takes time, but set goals, make a plan, and stay committed. Keep learning, seek advice, and with patience and smart choices, you can work towards your financial well-being!
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We all need to save for the future, but the term wealthy emerged gradually. I advise you not to save when you have financial issues; rich individuals save so that even if their financial resources are limited, they can still meet their financial obligations, which is critical.
In my opinion, the greatest approach to save for a long time is to invest your savings in bitcoin; whenever you have a small amount of money saved, you should acquire coins. That will be better because the money will increase.
Saving and investing are two completely different things, you can't lump them together, and bitcoin is a highly volatile asset. When you put your money in it, it's just called an investment, not savings. What happens when all your savings go into bitcoin at $30k, and then bitcoin gets dumped to $15k, and you need money for life? Savings are for emergencies as well as urgent needs, so it is not placed in a volatile asset class like bitcoin. Both need to be kept separate. In my opinion, the greatest approach to save for a long time is to invest your savings in bitcoin; whenever you have a small amount of money saved, you should acquire coins. That will be better because the money will increase.
When you're wealthy it is advisable to make use of the wealth and increase the streams of revenue. With this it is possible to make better income that can be further added as savings. Savings is the key to the investment, and financial growth of common people. One need to be perfect with the choice of saving and should have the understanding about the advancement happening around.
Savings would benefit the user, and the upcoming generation to some level, beyond that it is the investment that makes them rich or reach the next level of life. So, it is good to give similar importance to savings and investment.
Savings would benefit the user, and the upcoming generation to some level, beyond that it is the investment that makes them rich or reach the next level of life. So, it is good to give similar importance to savings and investment.
depends if you have steady income which also quite high or not, honestly if you're rich you don't need to save because you are rich, and i'd consider rich, but even richness have level, if you have $10 above, i think you should still moderate your spending otherwise your money will gone in no time, i'd say, if you also have good steady income that is relatively high enough then forget about saving, just live your life to the fullest but of course investing some portion of it will never do you wrong, instead it will do you a favour.
but honestly even if you have hundred of millions, wealth management is always essential, you never see billionaire just wasting their money buying useless things.
but honestly even if you have hundred of millions, wealth management is always essential, you never see billionaire just wasting their money buying useless things.
Maybe sometimes I take a stance on my selfishness if I ever get rich. Then maybe I won't be able to save because you have to enjoy some things when you are rich, because life is not always rich and death can come at any time. It doesn't mean squandering, but when I'm rich I don't need to be so hard on myself when it comes to saving.
Actually that is an acceptable way to see and manage wealth, because life is short and all we have left in the end of our life when, we get older, are those memories we managed to get, thanks to the money, family and friends we had.
The question is whether you would be willing to leave money behind for your children and your immediate family and if so, how much. Generational wealth is important in the eyes of many but not so much for those who do not want to leave an easy way for their children without them having to work for it.
Maybe sometimes I take a stance on my selfishness if I ever get rich. Then maybe I won't be able to save because you have to enjoy some things when you are rich, because life is not always rich and death can come at any time. It doesn't mean squandering, but when I'm rich I don't need to be so hard on myself when it comes to saving.
There is one condition if we are rich then we don't even have to think too much about saving. well we can enjoy life freely without worrying about money. and this is called financial freedom. but not all rich people have financial freedom. most of the rich people are still busy with the world of business. in fact he had very little time to relax. Well, but there are people who are really rich and they also have financial freedom. and people like this tend to prefer to enjoy life and even those who focus on their hobbies like traveling the world. and well I think this type of rich people ( who already have financial freedom) then they probably won't really think about saving too much. because they are no longer worried about financial matters for the future. because they already have a lot not worry about running out. because its assets continue to grow and develop. 
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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?
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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?
-snip-
Saving is very important whether you are poor or rich, we don't know how our life will be in the future, whether our business will go bankrupt or we will no longer have a job - having savings will create a guarantee that when bad things happen it won't make you you fell too deep, at least you still have savings that you can use to open a business or find a job or meet your needs. I personally have always been saving on fiat, gold, and bitcoin. Every month I always increase this savings and will use it when the situation is very urgent.
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Ofcourse those who have the tendency to save and invest they should do that for their future .
Investing and saving is very important now for a good and easy life and to secure a better future
I agree. I have a family and 2 sons, I have a stable job and I want to accumulate more for my children by saving and investing in bitcoin. My situation is difficult and I learned to save from a young age. Before I had a family I just worked and saved but then I realized that inflation takes away what you can save and it's better to invest it in bitcoin. That's what I did to find a future for my family. Pretty sure if I were rich, I would still save because it's shaped out of my living situation as it is. Investing and saving is very important now for a good and easy life and to secure a better future
Maybe sometimes I take a stance on my selfishness if I ever get rich. Then maybe I won't be able to save because you have to enjoy some things when you are rich, because life is not always rich and death can come at any time. It doesn't mean squandering, but when I'm rich I don't need to be so hard on myself when it comes to saving.
Ofcourse those who have the tendency to save and invest they should do that for their future .
Investing and saving is very important now for a good and easy life and to secure a better future for yourself and your family .
The poor and middle class don't have this facility to save as they struggle alot to meet both ends.
Basically, the poor and the middle class also have the opportunity to save and invest, it's just that they have to do it in a slightly different way than the rich do. Because besides they have to struggle to live everyday, they also need to think about their future by following the steps taken by the rich slowly. Because today's rich people also struggled in the past when they were still poor, but because there is a will to be rich, they always struggle to save and invest more enthusiastically.Investing and saving is very important now for a good and easy life and to secure a better future for yourself and your family .
The poor and middle class don't have this facility to save as they struggle alot to meet both ends.
the difference between poor people and rich people saving is that poor people will refrain from fulfilling their desires and choose to save, while rich people only set aside a little of their money after meeting their needs.
and even many rich people save in their own way such as investments or deposits.
Ofcourse those who have the tendency to save and invest they should do that for their future .
Investing and saving is very important now for a good and easy life and to secure a better future for yourself and your family .
The poor and middle class don't have this facility to save as they struggle alot to meet both ends.
Basically, the poor and the middle class also have the opportunity to save and invest, it's just that they have to do it in a slightly different way than the rich do. Because besides they have to struggle to live everyday, they also need to think about their future by following the steps taken by the rich slowly. Because today's rich people also struggled in the past when they were still poor, but because there is a will to be rich, they always struggle to save and invest more enthusiastically. Investing and saving is very important now for a good and easy life and to secure a better future for yourself and your family .
The poor and middle class don't have this facility to save as they struggle alot to meet both ends.
I understand that sometimes saving can be difficult and exhausting. However, if you want to achieve your goals and become rich, saving is very important. It is important that you have a plan and a specific goal to save money. One way to help you save more is to create a budget for your expenses. Or you can look for opportunities to increase your income, including looking at other investment opportunities like real estate or stocks to increase your income and increase the value of your assets. Finally, and most importantly, you must have patience and persistence when saving and investing. This is a long process, and you need to have a specific goal and a plan to achieve it. If you persevere and don't give up, you will achieve your goal.
I seriously agree with you no matter the amount of money in anyone's possession I always advise them to save I use to make reference to when I was in elementary school having a piggy bank and developed the habit of saving no matter how little it is, this has saved me several times and I think the fixed deposit is also a very good idea since there is interest attached to the whole saving and you won't have free access to it which is the goal you can keep topping it hope then at least at the end of the year you can withdraw your profit and keep the business going.
Whatever your life circumstances, I think saving is a good thing, this will really help when you are facing difficult times in your life, and you never know when those difficult times will come. Trying to think long and hard because we don't know what will happen in the future. no matter how much money you have it will run out if you can't manage it. With the development of increasingly sophisticated times, for now, I prefer to save in Bitcoin because until now I prefer to have full control over my finances. Everyone wants to achieve financial freedom, how is the process and when will it happen, no one knows, because many factors influence it, such as information obtained, experiences that have been passed, relationships and so on.
everything really needs process and learning. persistence, hard work and consistency are the determinants of our efforts will meet a bright spot or not. but to achieve financial freedom, we must be accustomed to saving and investing from an early age. because people who have wealth and financial freedom now are those who have been thrifty and saved and invested all their lives. so that when he is old he lives to enjoy his toil in the past. and I think rich people will always be diligent in saving even when they are rich. because they want to pass it on to their descendants later. 
No matter what financial situation people are in, they think about their future. Thinking about their future, they keep some amount of their earned wealth in savings. Those who have huge amount of money but think about their future. And thinking about their future the amount of savings they have but always try to increase their savings.
Assuming I have a significant amount of savings now and I am earning regularly I will put whatever money I earn into my savings that is left over after spending it in my daily life. That is, no person wants his wealth to be wasted for no reason.
In order not to spend their money for no reason, people save the money left over for their daily expenses for the future.
Assuming I have a significant amount of savings now and I am earning regularly I will put whatever money I earn into my savings that is left over after spending it in my daily life. That is, no person wants his wealth to be wasted for no reason.
In order not to spend their money for no reason, people save the money left over for their daily expenses for the future.
Give a fish to a man and he'll eat once, teach a man how to do fishing and he'll eat forever.
This means that if you want to live a better life in your future, you must sacrifice bits by bits from your present to save and invest your money and grow your wealth gradually and enjoy your retirement early. It is not easy to learn how to save or invest, but to spend, consumers have various choices to go for. However, it is not recommended to keep spending your money that you get from any sources because you will not be left with anything to invest on and if you do like that every time you will never be able to invest and secure your future.
This means that if you want to live a better life in your future, you must sacrifice bits by bits from your present to save and invest your money and grow your wealth gradually and enjoy your retirement early. It is not easy to learn how to save or invest, but to spend, consumers have various choices to go for. However, it is not recommended to keep spending your money that you get from any sources because you will not be left with anything to invest on and if you do like that every time you will never be able to invest and secure your future.
We all need to save for the future, but the term wealthy emerged gradually. I advise you not to save when you have financial issues; rich individuals save so that even if their financial resources are limited, they can still meet their financial obligations, which is critical.
In my opinion, the greatest approach to save for a long time is to invest your savings in bitcoin; whenever you have a small amount of money saved, you should acquire coins. That will be better because the money will increase.
In my opinion, the greatest approach to save for a long time is to invest your savings in bitcoin; whenever you have a small amount of money saved, you should acquire coins. That will be better because the money will increase.
-snip-
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?
-snip-
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?
-snip-
Saving is very important whether you are poor or rich, we don't know how our life will be in the future, whether our business will go bankrupt or we will no longer have a job - having savings will create a guarantee that when bad things happen it won't make you you fell too deep, at least you still have savings that you can use to open a business or find a job or meet your needs. I personally have always been saving on fiat, gold, and bitcoin. Every month I always increase this savings and will use it when the situation is very urgent.
Saving and investing is what had made many persons we see today rich and wealthy. The market has it own risks and what could make us immune to that is when we have savings that can boost our businesses when the necessity comes onboard. When we have huge amount of money in our portfolio, we are nit going to bother ourselves in bank loan that can be very detrimental if we get the loan from bank and our business still crash out due to lack of funds and market inflation. Since fund is needed for anything we want to do, then there should be a right time for saving.
It is certain that people who are now rich are of course people who are diligent in saving and good at investing since they have not become rich. so if they are rich then I think they are adept at managing their finances. and they inevitably become more to invest and save. well because they also know that spare money, savings and investments can make them further expand their company.Investing and saving is very important now for a good and easy life and to secure a better future for yourself and your family .
The poor and middle class don't have this facility to save as they struggle alot to meet both ends.
Saving and investing is what had made many persons we see today rich and wealthy. The market has it own risks and what could make us immune to that is when we have savings that can boost our businesses when the necessity comes onboard. When we have huge amount of money in our portfolio, we are nit going to bother ourselves in bank loan that can be very detrimental if we get the loan from bank and our business still crash out due to lack of funds and market inflation. Since fund is needed for anything we want to do, then there should be a right time for saving.
It is certain that people who are now rich are of course people who are diligent in saving and good at investing since they have not become rich. so if they are rich then I think they are adept at managing their finances. and they inevitably become more to invest and save. well because they also know that spare money, savings and investments can make them further expand their company. Jump to: