Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that inflation wouldn't eat it up.
Saving and investing our hard-earned money are both admirable goals, but investing is more crucial and even a smart move because, any one that has enough money, it's best for him to put it in to business or invest rather than hoarding it in a bank account where you will ultimately spend it all without making any profit. Nevertheless, the benefits will come from all directions if you use them to invest and make a difference in business. Because there won't be any profits and the bank will remove its own if you insist that we should only save all of our money in bank accounts.
However, I do not know enough to hold people accountable for the fact that, despite having enough money, some people are unable to establish businesses or make investments because they are ignorant of market dynamics, which is a necessary first step for anyone who genuinely wants to succeed in any kind of investment and prevent excessive financial loss. Money can be used to make more money, but if we limit how much we can save in our account, even if we live there for more than seven years, then our savings will not increase over time; instead they will decrease.