Earning money is hard, saving money is damn hard, getting rich and being able to live comfortably is insane.
For me saving just for short term, you can't earn anything and your wealth will decrease over time. People have to take big risk if they want to be rich, if they only take some risk or little risk, it's not enough.
What does big risk mean? it's a risk where you can lost all of the money you invest e.g. start a business, invest in new thing etc.
After being able to earn
on a steady base through a job or business. The next move is to check earnings with spending. Spending more than earning could be a different form of poverty even when your income is in thousands of dollars monthly
, time and events (unforseen, uncontrollable) explains it better.
. This is where hard saving comes in.
Saving can handle some emergencies, but cannot be left for just that. It makes sense to try putting savings to work for that
big risk (
even if small riskbig)
, the point is to leverage your resources.
This means that saving is not
just enough as it can mean helplessness
All this doesn't mean not necessarily having money in the bank
But trying out other means of income other than the already paying one.
Earnings ➡️ savings ➡️ leveraging of resources, is a directory to getting rich..