"Buy land, they're not making it anymore" - Mark Twain
We have all probably heard about the terms of supply & demand correct? While time is a scarce limited resource & our currency is unlimited it throws this scale off the charts. In essence, when we go to work, we are exchanging our limited time in this world for an unlimited currency that devalues over time as more & more money is created by the banks. This to me doesn't seem fair to us. It's not, but that's just how the system works.
The money we have in our savings account will devalue over time & that is the reason that I closed my savings account & I placed it somewhere I believe is safer than a bank. This is why many wealthy people in the world do not hold their money in banks. They own stocks & real estate because as stocks do fluctuate in value, they place their wealth in companies that perform well. In real estate, well there is only a limited amount of land in this world which makes it a limited resource. If you own a building, that building will stay there for many years to come (unless they decide to demolish it). Owning homes & condos in which generate passive income to you is also a great way to increasing your wealth to buy more limited resources like stocks & condos.
It's best to not keep your money with the banks because of this reason. Money is unlimited. As you hold it, you own less & less of the circulating supply which means you sort of own less & less.
I'm curious as to where others hold their wealth. Are you someone who stores their money in a bank? Someone who stores it in cash under their mattress? Or someone who stores wealth in stocks, real estate, or cryptocurrencies? Remember time is limited, & currency should be limited too but it's not. So its best to trade it for limited assets. So where do you keep it if your okay sharing.