Topic: The world's logic favours income makers, not the savers - page 3. (Read 920 times)

Saving is not also a bad idea,saving more money makes you prepared for emergencies while making more money makes you have enough money to save.The two works together,but the goal is to achieve financial success.

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...

In environments with limited access to credit, saving for emergencies is not just a good practice, it's a lifeline. Unexpected medical bills, job loss, or unforeseen repairs can send anyone into financial turmoil. Having a buffer of savings provides peace of mind and protects individuals from falling into debt traps.

However, it's true that simply letting money sit idle can be detrimental. Inflation steadily eats away at its purchasing power, rendering it less valuable over time. This is why simply stashing cash under your mattress might not be the wisest strategy.

Investing your savings, whether in businesses, the stock market, or other assets, can help counter inflation and potentially grow your wealth over time. This not only benefits you, but also contributes to the economy by providing capital for businesses to expand, hire more people, and create new opportunities.

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...

This is how our society thinks: by dreaming about achieving someone else's life. We should live our own lives and invest in ourselves rather than keeping them in the bank which has been used by corporations to make money. If you look at a country's inflation rate and bank interest, then you will see we are not actually making any money by saving our cash in the bank. Either we are losing money or sitting at a breakeven point. Our dream should motivate us to build ourselves so that we can make fortunes and not bring more liabilities into our lives.

the only way to end this is for them to realize it and slowly change it but you know, not everyone wants to do that.
For example, if someone gets a salary, they think more about spending it on themselves now, and don't think about the future.
so I think some people already know it but they don't want to change it to suit their lifestyle.

Well, those you call 'income makers' are also doing a job, but those who exchange their working hours for fixed units of income I guess you are thinking of typical wage earners. It's not a fixed thing. Someone who has a job where they are paid by the hour, can progress professionally and get paid for a better one, and also combine work with buying and selling in their spare time.

The problem with saving is that it has a limit, but there is no limit to what you can earn, however you earn it. So it is better to focus on the latter.

are 4 categories
income earners are just swapping time(labour) for money. its a one time allotment = one lump

income makers can take some income. purchase a product. sell for profit. and grow the income. making more income

savings is both not spending as much of income to cause income to last longer and also store income for later date (no/low interest)

investing is not spending as much income and putting it into an account that can play the markets. and if buy low/sell high can increase the amount saved

world logic favours income makers+investing,... not the earners+savers

the only way to end this is for them to realize it and slowly change it but you know, not everyone wants to do that.
For example, if someone gets a salary, they think more about spending it on themselves now, and don't think about the future.
so I think some people already know it but they don't want to change it to suit their lifestyle.

Moral of the story: don't save money for more than one month.

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...

the only way to end this is for them to realize it and slowly change it but you know, not everyone wants to do that.
For example, if someone gets a salary, they think more about spending it on themselves now, and don't think about the future.
so I think some people already know it but they don't want to change it to suit their lifestyle.