Topic: The world's logic favours income makers, not the savers - page 2. (Read 857 times)

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.

nice one, saving is a good habit because we will not know what might befall us in the future, just imagine we will not be able to cover emergency costs when it comes, but if we have done preparation and have saving opportunities for difficulties in an emergency condition is getting smaller.


Right, even if you live in a third world country, you will not be separated from the 'death and tax'.

Basically, lifestyle and appearance are needs that still need to be considered, but if they are too high it will also cause problems. It doesn't matter as long as they have good finances, but when their finances don't support them then good financial management should prevent them from spending money on things that aren't really needed. Each of us certainly has prestige, but prioritizing prestige is certainly bad.

During an economic crisis and bad inflation, we should balance income and expenditure. It is impossible to spend a month's salary in just 2 weeks, while the next 2 weeks are in debt. This is a bad way of managing finances, so good management should be learned and implemented.



Returning to the issue of financial management, this can help them manage their finances well. Even though the salary is small, if financial management is done well then perhaps they will not experience serious financial difficulties.

I agree with some of your words but I can't agree in some cases, you said that saving extra money by reducing your expenses is actually a stupid thing to do, in this case I also agree, because if you want to save money, you must meet your needs. You have to reduce the amount of money you spend, which is a kind of torture to yourself. That is to say, you don't save at all, you save but you don't cut back on spending, rather you save what is left over after spending.In this case there will be no fixed period of savings. May be a month, a year or an era which totally depends on the requirement. Where you specify a specific period. I cannot agree with you on this point.

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.

Saving to buy something out of your league is like running before you can walk. Ambition is fantastic, but practicality? Golden. Right on about living within means! A twist. In addition to reducing your coat to fit your cloth, you should imagine a bigger coat. While saving for tuition, rent, and other necessities, dream big

Using those savings to establish a business is gold. It's hard out there. Every seed doesn't sprout in the business jungle. Small seeds can grow with the correct mindset, discipline, and luck. It requires combining realistic expectations and ambitious goals. Don't just earn more—earn smart. Carefully plant and water your seeds, and who knows? A garden you never expected may result

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.

OP, you are looking at it from one side. People do not save money only for the purpose of buying their dream cars, houses, clothes, and other luxurious things. Most people save because they want to quit working and start a business or focus on learning skills. Being an income earner can mean that you are working consistently from year to year. And we know that being successful is not about who works most or earns more; it is about how you are able to multiply your income. Of course, saving money is good because it gives you more relaxation when your chasing higher goals, knowing fully well that you have a backup plan in case anything goes wrong.

Saving can be interpreted as storing wealth somewhere, the type of savings is of course different depending on each individual's goals. Saving using fiat money is not very suitable for the long term, the culprit is of course inflation. If you want your wealth to remain safe in the future, you can choose savings media such as gold or investing because gold and investing are instruments that can be relied on when inflation occurs. You must be able to do something that can provide income even without having to work, use your money as a medium for generating income such as investing that is resistant to inflation.

Saving is a prerequisite to investing, since you should not ever ask for a loan to do this, so the only way to get money to invest is by lowering your expenses, save that money and then decide the assets you want to buy and hold for a long time.

Those that only save their money or keep it in the bank and receive a pitifully small amount of money in return are without a doubt making a mistake, but those that save their money to later use it to invest in good assets are taking the correct steps to eventually achieve a comfortable economic position on the future.

I agree with this that saving only saves us from not using too much money but in the long term it will not provide any benefits because the value will continue to fall even when we invest in the type offered by the bank it will not provide benefits in the long term because the value will not be enough for us to buy something we want.
Many do not understand this because they do not get the knowledge they should, and also the banks will offer investment from their companies by promising benefits that their investors will not fully get.
Investing is very important and choosing the right type of investment that suits our current finances will enable us to be better off economically in the future.

those people are not thinking of future hardship/ease. they only see the luxury and how they can show off to others the luxury to fake a rich life.
they think if they can appear rich it will ease their current struggles with money.
but by not being able to maintain it. they lose it. so get nothing

anyone faking it to appease their neighbours wont reach financial maturity to actually escape their own struggles


financial maturity, discipline and mindset is crucial. dont just dream of things to buy. plan how to achieve things in a way that you have also planned out the retaining of those things even in dire times of crisis.

if you dream of operating a business that serves people food. dont dream of the 5 star restaurant where you will get a loan to open it and dream of a success to repay the loan and profit... because you have not thought about all the possible set-backs and costs that can work against you

instead live within your means. use a bit of spare cash you save to buy ingredients. make variations of meals from home kitchen and ask friends/neighbours to be your taste tests and vote on best recipe
advertise locally a food delivery service from your kitchen to their door. develop a loyal customerbase and profit
grow the business.

i have seen people work at a restaurant but only got minimum wage($15*8hours=$120)
i have seen them lose their job, no reason, no warning, no way to appeal
..income earners have less control of finances and futures.. it can disapear at someone elses desires

i have seen them then, with just two large pots on home kitchen cooker batchcooked 20 meals
the ingredients cost $3 a serving($60 total) but sold for $15 a serving($300)
they made $240 a day just serving local community they built up as loyal customers
they made more than the job did for just a few hours of labour

so it is possible to start small but grow income without debt and without huge investment startup

just find a missing niche in your community that matches a service/product you can offer. start small as a tester-phase and test it out without costing you huge expense.

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?
You save money in that way to fund other things like a tuition fee and other similar things. You shouldn't even live in a house where you have to save so much percentage of your income for a very long time before you can afford to pay the rent. We have to learn to live within our means.

Saving money for stuff like tuition fees, rent, gadgets, and vehicles within your means it's okay.
I don't believe that if you don't have a very large income you won't get anywhere.
Using the example you gave, somebody without family responsibilities would be able to save a percentage of his income and decide to start a business with it. He can start the business small and it can grow to become something. I'm not saying the business would become the big business, but it can become something that'll help him earn more income. It all depends on planning, discipline, and mindset.

Investing can be a game-changer, but it ain't a slot machine. Ditching banks and third parties entirely might blindfold you to solid, regulated options. Remember, spreading your bets – like a smart gambler at the roulette table – is key to minimizing risk and keeping your pockets jingle-jangle.

So, the bottom line? Don't ditch saving entirely – it's your financial peace-of-mind pizza crust. But also, don't let your money gather dust bunnies. Explore your options, brush up on your financial knowledge, and make informed choices. Think about how much risk you're comfortable with and what you wanna achieve in the long run. Responsible investing, is the key to unlocking your money's true potential.

What you said is all true. Win To gain financial freedom, there are several ways we can do it by planning savings or investments. But often we still equate the two. Even though basically the two are different things.

This has been proven by many people, if we save, our savings will definitely decrease due to inflation, and when investing, for example, ordinary people just buy land, in just two years the price could increase by 15%, especially if we are no stranger to investing. Bitcoin, of course Bitcoin investment is a smart choice. The point is, if there is something you want to buy, save it. However, if your needs are not clear, it's better to just invest because this is much better. After all, saving money in the bank means you just want to be cheated by the current financial system.

No not old because even up to now, many people are still doing it and being taught by this. I think inflations are already there even before but it's not high as today. Our savings can get affected by it, but we still can get something.

So, it is better than not saving anything at all. People can still grow their own food but their space may be limited and the cost for the crops are now slightly higher. This is why, many just prefer to buy. Saving is simple but hardly being followed due to our expenses (either wanted or unwanted). But, saving is as important as earning more money, because no matter how much you earn but if you don't know how to save, you will only end up using it all.

You think any company don't pay tax? they're paying more than the employees. Most of rich people will need to pay 50% of their earnings for tax, although it varies from each country, but usually the highest income tax mostly reach 50%.

We might not able to avoid tax completely, but we can reduce it if we're smart enough to find the loopholes.

I think every country will always care about its own citizens, regardless of whether they have more income or not. Because the state is obliged to look after its own citizens regardless of those who save or those who earn income, because state taxes have become an obligation for citizens to pay. Moreover, the money from the tax proceeds will be used for the development of the country itself as well as for assistance to citizens who still need a helping hand from the government.

Taxes are a source of life for some countries who have no other opinion because it is from tax sources that the government can pay for all needs. So it is not surprising why some countries impose taxes on crypto and that is the only thing they can do so that the state administration process can run properly. There are two other things that are the most delicious in this world, namely getting free for everything and saying things to other people according to our wishes.

The government does need money to pay salaries and subsidize everything related to travel to a country. Without tax collection the government has to look for other sources of income and if the country does not have industry and abundant natural products then taxes are the only way to get income.

It's best to make a percentage regarding savings so that if we need money we don't need to ask for a loan and we don't even need to sell the assets we own. Savings can be adjusted to the amount of money we have, for example for children's education costs, health or other annual needs, so that when we can adjust it, savings becomes an alternative. Avoid unproductive loans because they can cause problems for us, loans are one of the reasons why people are currently in financial problems.

The old saying come to mind...  "There are two things in life you cannot avoid ==> Death & Taxes"

The government needs money to pay their salaries and the services that they are supposed to offer and they get that from the income of other people.

Your "savings" and "investments" are also not safe from taxes, because the government take their share from that too.

My advise to you are to avoid debt, because then you are paying Banks and the government. Save enough money to beat inflation and taxes and live according to your income... not based on the income that you do not earn.