Quote from: kotajikikox on May 21, 2025, 04:04:26 PM

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.

Savings is a good thing, but it does not guarantee you being rich. I think saving helps you to plan for the future. The only way I believe you can get rich is turning your savings into investment, because investments make you rich. People are scared of taking risk, and investment has got to do with taking risk. Show me a wealthy person and I will show you their investments.
In a nutshell all I am trying to explain is not condemning saving, but rather letting you know that saving is never enough to make you rich, but investments does.