Post
Topic
Board Economics
Re: The world's logic favours income makers, not the savers
by
Casdinyard
on 20/01/2024, 22:38:37 UTC
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...
Saving isn't really for "earning wealth" so to speak. It's to make sure that in situations where you would need money badly, you got something to pull out of your pocket. You can't really do that on an active investment cause everytime you pull out money you're taking value out of your assets. So the notion that "saving is useless cause you can make money while storing your money by means of investing anyway" is just a little too hasty of a thought.

If you're capable and it's possible for you to have these two, then great, but if you're someone who's not really that able to invest on anything as of the moment but is able to save a couple dollars every month then I would say go for it and save it in your emergencies account. Always remember that the smart man invests, while a genius invests and saves his money in different portfolios to make sure that his profits and losses are isolated, and that he has something to pull out of his pocket for when the situations are dire for himself.

Again, don't hate on people who save their money. They have their own thing that works for them. I'm pretty sure these people have already thought about investing themselves but otherwise voted against it due to certain factors that only they could know, and would you really hate people for just being smart with their money and finances like that?