Yea, spending culture : so many youths are trapped in this bizarre habits of spending, they spend more than they earn or all they earn, so as such, barely have remains for savings or investments.
Wealth basically builds up through Investing, and uhm, saving is more like paying your future self when no one can ( a definition I picked up recently)
In a world where prices of goods and services are going up, where two zeros are becoming insignificant and everything is making way to greater numbers, wealth becomes harder to acquire, call it financial freedom, it becomes really difficult to live free, free from debt or worries of the next meal.
In a world as such, certain actions like Saving, investing and keeping spending electricity in check is highly important to secure one's finance and living structure.
Off course, the greatest benefit of wealth is financial freedom. Despite common beliefs, financial freedom is much more than being debt free. Those who are truly wealthy understand that money is just a tool for manipulating their reality
You can be financially free yet still indebted to others, that's just a pretty sad truth and it is mostly observed in greedy people who find pleasure in borrowing from others and find it hard to pay back.
Money is a good and dangerous tool at the same time, it is self manipulative.
Yea, spending culture : so many youths are trapped in this bizarre habits of spending, they spend more than they earn or all they earn, so as such, barely have remains for savings or investments.
Wealth basically builds up through Investing, and uhm, saving is more like paying your future self when no one can ( a definition I picked up recently)
In a world where prices of goods and services are going up, where two zeros are becoming insignificant and everything is making way to greater numbers, wealth becomes harder to acquire, call it financial freedom, it becomes really difficult to live free, free from debt or worries of the next meal.
In a world as such, certain actions like Saving, investing and keeping spending electricity in check is highly important to secure one's finance and living structure.
Off course, the greatest benefit of wealth is financial freedom. Despite common beliefs, financial freedom is much more than being debt free. Those who are truly wealthy understand that money is just a tool for manipulating their reality
Yes, Yes...
You can be financially free yet still indebted to others, that's just a pretty sad truth and it is mostly observed in greedy people who find pleasure in borrowing from others and find it hard to pay back.
Money is a good and dangerous tool at the same time, it is self manipulative.
Interesting.
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You mention some great points here.
There;s a challenge right now in that saving money is great financial practice, yet inflation is taking to purchasing power of those savings away.
What are your thoughts?
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