Our economy has made us believe so much in savings to the extent that people believe you can actually save and become wealthy in life.
This video is just all about my point of view about the topic " can savings make us rich" considering so many factors I don't believe it can.
Factors which includes the rate at which money lose value with time and the best way we can save our money is to put it in banks in one way or the other we are automatically enriched the bank at the expense of our money.
The last factor to be considered is unforseen circumstances that may warrant us to spend our savings.
▶️ 3Speak
Nobody gets rich by saving. Saving will only limit you to your earnings. And this isn't sustainable since a loss of a job means you have nothing left to fall on but your savings.
you are right my brother.
Salaries and savings are just a means to keep one trapped in the invisible prison of poverty. Best bet is sto invest after saving in order to have an almost unlimited source of income and build wealth with time.
The fact is that most people do not want to take risks.
Saving in the bank only makes the banks richer, and we poorer because our money will even be less by the time we want to withdraw it. Something they call stamp duty and unnecessary bank charges. Saving doesn't make anyone rich. Investing will.
Even if the bank wants to add interest for you it would be insignificant.
I believe in savings but not as a form of sustainance. Savings is good. But investing is better. After investing, we still need to save the money earned. So saving cannot be cancelled out.
I'm not trying to tell people not to save, just trying to give my own opinion for people that believes they can actually leave a fulfilled life by saving.
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