Earning money is hard. Saving money is hard. Getting rich and being able to live comfortably is hard. But the truth is saving is not enough. Lots of people will ask how to really get out of poverty but the simple straightforward answer is that you need to be earning more than what you are spending. The question begs, is there a way to get rich even if your expenses are higher than what you are earning?
I don't think so. Some people might use credit cards or loans but it is just a cycle of taking a loan then paying it and you are not really moving forward are you? Saving also does nothing much but it can be a good start. You start saving money and at some point when the money is big enough you can start investing. Either in crypto, real estate or in a business. But just saving the money? Unless you want to keep working until the day you die then it will not be enough.
and US
Inflation is increasing day by day in every country, especially outside the countries of Europe and the US. So in this situation, only savings are not enough to make us strong financially. So we should always focus on investment. Always focusing on potential investments like bitcoin, gold, and real estate is a smart idea in this modern world. In the future Inflation rate will be more increase more, and the value of money will decrease a lot, so if you only focus on savings now, then you can't keep up with the investors. So, only sevings is not a better idea at all. i am only focusing on potential investment. Fiat money is not strong in any way.