For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?
The mistake most people make more especially salary earners is believing on savings, saving money is good if one have the motives of acquiring an asset later but in most cases, it is always difficult to maintain a consistent savings lifestyle due to things that might erupt in the future and maybe we use our savings to sort them out. Saving money continuously without planning on owning an investment is a very wrong approach to wealth creation so purchasing an asset is more likely to be productive because it increases in value from time to time so even if you want to sell them in the future, you will make some good profits from it.
Civil servants and some oil company workers always have wrong perception of their earning as they believe that after their retirement, they will use their retirement benefits to purchase and asset but this is a very wrong approach because you may retire and the benefits may not come soon then at that point those who don't have an investment to back them up begins to find it difficult.