I believe we should everyone have some money set up for unanticipated expenses. I believe that you should strive to invest more than just save your money at some time.
Having emergency funds on hand is one thing; saving without a specific goal or plan is quite another. When you put extra money in the bank, it simply implies you don't know what to do with it (invest in), and this is where the rich and investors come in. They take your accumulated savings and go out and play with them in the hopes of making more...so they exploit your combined savings to make themselves richer because you don't know what to do with your money.
there is indeed a difference in mindset between ordinary people and rich people. Rich people prefer to make their money produce more for them. So their type of savings is not saving and left exposed to inflation. they don't do that. they prefer to save in an investment that has the potential to bring them more income without them having to work too hard. they make money work for them. different from ordinary people who work for money.
Even rich people has their own savings, it is allocated in different forms that's why their younger family members tend to inherit what they are already been working and the amount of money that they got throughout the years in their business. I knew some still working as ceo in their company but having a very work life balance. Everyone needs to have a savings and everyone needs to know that emergency funds is much needed.
For sure they have because they wont really be able to reach out that particular state if they havent been able to do such thing back in the past, for sure they are really that aware about the importance on having a savings on which it would really be just that common that they did really make out such benefit in the past on having this allocation or stashes. It would be always that recommendable on having that savings because we know that not all the time we could really be having that money specially on emergencies on which it would really be just that common that you would might be ending up with some shortage of funds.
Not all would really be going into this situation because there are really that rich people that no matter how big the expenses is, they do still able to pay upfront without any problems. We know that there are ones
who are really that financially capabled on which they could be able to pay no matter on how big it is. This is why on the question in speaking or in related about savings then it might be not all wealthy people
would be having that kind of allocation since they do confidently know that they do able to pay up on whatever things ahead.