- Thread Author
- #1
Most people are really brainwashed and because of that they hardly save anything on their income. Whenever they get financial difficulties they don't know where to start.
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That's right the rich mostly invest as they believe in generating more money and this is what the rich wantsIt is a wrong judgment. The rich seldom save but invest. There are people with good salaries, and of course, they save. I am not rich, but I have good savings.
It is absolutely true to say that the rich often do not save much but rather invest. This helps them increase their wealth faster than someone who just keeps money in the bank. But there are also people with clean salaries who have the discipline to save and that is something important. Savings help in times of emergency and build a foundation of stability. Even if a person is not rich, they can have good savings and that is a big step towards financial responsibility. Everyone has their own path but the balance of saving and investing is what brings a strong and secure future.It is a wrong judgment. The rich seldom save but invest. There are people with good salaries, and of course, they save. I am not rich, but I have good savings.
Yes, what the rich do mostly is to invest. They might save for a while but they do more of savingIt is absolutely true to say that the rich often do not save much but rather invest. This helps them increase their wealth faster than someone who just keeps money in the bank. But there are also people with clean salaries who have the discipline to save and that is something important. Savings help in times of emergency and build a foundation of stability. Even if a person is not rich, they can have good savings and that is a big step towards financial responsibility. Everyone has their own path but the balance of saving and investing is what brings a strong and secure future.
Saving is not just for the rich. Children can also learn the basics of saving from a young age. When parents teach their children and siblings the value of saving for life, the future will be easier because of the individual’s control over financial planning. There is no reason to say that saving is only for the rich. Anyone can save a little, and over time, that amount can grow into something significant. What is needed is consistency and conscious awareness; this ensures that saving is a habit for everyone, not just a few.Indeed, even kids can save. When I was 11 years old, I started savings. My parents taught me and my siblings the value of savings. So, never agree that only the rich can save. That's a baseless proposition.
Lol, that's right you know humans love to talk from both sides of their mouth. Saving money isn't even for a particular set of people.The saying that savings is only for the rich is a consolation that financially indisciplined people use to convince themselves not to save.