Topic: The world's logic favours income makers, not the savers (Read 923 times)

It's true, sometimes I personally feel very sick of paying taxes, but there is no progress obtained from taxpayers, who knows where the tax funds are allocated, good government and tax-abiding citizens in the country there will be no serious poverty

People usually have the illusion that by saving money they are making a great deal, while in fact, the truth is that to save is nearly to useless when thinking on achieving financial progress in life. An independent middle class citizen, without the burden of a family on his back, can save enough money to buy the car of his dreams or the property he always desired living on, since he is commited to these goals, making a lot of effort and cuts on his expenses in order to accumulate enough money for that.

It's not easy, but not impossible, anyway. However, even though the system allows him to achieve those purchases, it doesn't allow him to maintain the patrimony and vehicle, because to possess such goods, someone has to pay yearly taxes to the government. The more expensive your car is, the higher the tax you are going to pay. The more expensive your house is and the best localized it is, the higher will be the tax to be paid.

To have to pay an annual tax for something you own and paid with your own money to possess is ridiculous...

This evil rigged system never allows a middle class hard working person to reach too further on improving his life standards. If he doesn't have a large income, he won't reach anywhere. To be a disciplined saver along decades of his life isn't enough.

Moral of the story: don't save money for more than one month. As soon as you accumulated some amount of fiat, put it into an investment and make it generate passive income for you, although you should avoid banking investments, since they usually pay below the inflation. Go for Bitcoin and assets when there isn't enough money to invest in something bigger. There is no assurance you will defeat the evil rigged system which smash common citizens, but at least you will be trying to overcome it...

Apparently, people sometimes feel the need to go way beyond their means to give others the impression of living a somewhat wealthy life. There’s no immediate plan for the future as such individuals only think of now. Also, such individuals, also being quite materialistic, would prefer to want to buy luxury items even if it would make a good dent in their finances. To such people, having luxury items may make them feel more acceptable in the society, hence the constant struggle to acquire them despite having an average to low income.

Ordinarily, the next move would be increase the amount earned so as to be able to afford the lifestyle you want. But such people would easily go into debt giving a false impression than to work harder and earn more.

Why would a person judiciously save money to buy a luxury thing he can't afford to maintain? If a person has a dream car or house or gadget and your income can afford it, shouldn't the goal be for the person to work harder and earn more income?

Fiats savers are losers, saving was ideal in the ancient days when their currency was backed by gold but after the introduction of the fiats system that money can be printed without it being backed by anything, saving became worthless because while you're saving, inflation is making all your efforts become a waste. If you want to save, save in an assets. Assets are anything that brings money so anything that can bring money to you can be used as a saving ground. Save in Bitcoin and not fiats.

When you're saving in an assets, you're also investing and the worth of your money gets retained through appreciation in that asstes that you're saving in. Instead of saving fiats, save that money in landed properties that can generate cashflow or capital gains. Get yourself financially educated and you'll know the importance of investing instead of saving. The dollars will keep losing its value provided the government keeps printing more into circulation and you best believe, they won't stop.

You should also realise that saving doesn't increase your wealth but investing does. When saving you're putting your money to rest but when investing you're making your money active to make more money for you.

It is true but we also knew the fact that taxes helps our country's progress and development unfortunately for some corrupt countries they made it a cash cow.

I believe in this too. Saving money is good but it might not get you far with taxes and other expenses. Try putting your money in things like Bitcoin or other investments. They could give you some extra cash without the hassle of traditional savings and maybe even beat inflation. Just be smart about it and diversify to fit your goals and comfort level

People usually have the illusion that by saving money they are making a great deal, while in fact, the truth is that to save is nearly to useless when thinking on achieving financial progress in life. An independent middle class citizen, without the burden of a family on his back, can save enough money to buy the car of his dreams or the property he always desired living on, since he is commited to these goals, making a lot of effort and cuts on his expenses in order to accumulate enough money for that.
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~~Moral of the story: don't save money for more than one month. As soon as you accumulated some amount of fiat, put it into an investment and make it generate passive income for you, although you should avoid banking investments, since they usually pay below the inflation. Go for Bitcoin and assets when there isn't enough money to invest in something bigger. There is no assurance you will defeat the evil rigged system which smash common citizens, but at least you will be trying to overcome it...

If there was a zero risk investment opportunity offering guaranteed returns above the inflation rate, everyone around the world would put his hard earned money in such investment opportunity and life would be perfect. Unfortunately, there's no such opportunity. There are always high risk-high reward and low risk-low reward opportunities. The second option sometimes provides rewards below the inflation levels, which makes conservative investing a little bit pointless.
I agree that the low/negative interest rates offered by the banks and the high levels of inflation are in favor of the borrowers, not the savers.
There's nothing we can do about this and I don't think that Bitcoin/crypto are the financial panacea to this rigged system.

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Moral of the story: don't save money for more than one month. As soon as you accumulated some amount of fiat, put it into an investment and make it generate passive income for you, although you should avoid banking investments, since they usually pay below the inflation. Go for Bitcoin and assets when there isn't enough money to invest in something bigger. There is no assurance you will defeat the evil rigged system which smash common citizens, but at least you will be trying to overcome it...

Moral of the story: don't save money for more than one month. As soon as you accumulated some amount of fiat, put it into an investment and make it generate passive income for you, although you should avoid banking investments, since they usually pay below the inflation. Go for Bitcoin and assets when there isn't enough money to invest in something bigger. There is no assurance you will defeat the evil rigged system which smash common citizens, but at least you will be trying to overcome it...

Anything called investment is full of risk, and you have to know that first, before you really want to invest in anything, apart from, of course, just wanting to save in the bank, it will be safe, there is no risk, and it will only have an impact on financial stability in the future.The greater the funds invested in the investment, the greater the risk of loss, but the opportunity will also be greater to be able to do anything, as well as the ability to gain large profits as well.Logically, you are right that someone who is established and has strong finances will get recognition from society, but if someone who has money does not contribute to society, then he will not get that recognition either.In the end, balance is needed to achieve the best.

That's right and having big money also comes with big risks when investing. So. proper management is highly demanded here. So it's not wrong if having savings does contribute to financial stability in the future. Indeed, if someone has strong finances they gain public recognition because at first glance they appear capable, but the contribution of individuals who are not yet involved in the future should not be ignored.

I agree with your conclusion, saving in any fiat is wrong, in the long run it will lose value. But luckly, investing was never easier... I guess we can thank the internet for that, everything is available and easy accessible. It's hard to beat the system and make a break trough, but I think that crypto is/can be a game changer for many of us. Unlike some other investments it doesn't require a middleman, we can do everything ourselves.

I started learning about these things late, but financial education is very important. People should start learning about this from the early ages.

Moral of the story: don't save money for more than one month. As soon as you accumulated some amount of fiat, put it into an investment and make it generate passive income for you, although you should avoid banking investments, since they usually pay below the inflation. Go for Bitcoin and assets when there isn't enough money to invest in something bigger. There is no assurance you will defeat the evil rigged system which smash common citizens, but at least you will be trying to overcome it...

Saving money hasn't been a good idea for a quite a while now. Since we are facing those inflation rates that are much higher than our savings rates, we are losing real value of our money every year. To offset the inflation rate the only real alternative is to invest that money and go for higher returns. Also saving money in a bank account only gives our money to the bank which than will make much higher returns with our money. Why should be watching our the banks get rich with our money in 2024? Investing is so much easier now than it was 10 years ago. We can quickly build a portfolio with stock ETFs, some corporate bonds, crypto currencies and even some ETCs. This will be well diversified and lead to much higher returns than any savings account. If you now use any coupons and dividend payments to reinvest, your portfolio will grow even faster.