Hoarding wealth

[bestwriter]

Wealth that is just hoarded and not used is worse than having the value of stones Atleast stones are put to good use

It is reported that almost 99 percent of the wealth is held by 1% of the population. When money is not circulated it is a drain on the economy and looking at the world we see it already

I blame it on society as one is put on a pedestal if they happen to be the richest. As long as that wealth is not put to good and generates no funds nor is it converted to liquid that wealth as I mentioned is dead.

Let us look at our finances We too have the opportunity to make good use of our money Rather than hoarding it that gives no returns I that could be a dangerous trend

Image credit:https://www.clipartmax.com/middle/m2H7N4b1H7m2m2N4_open-cartoon-guy-with-money-bag/

 

[Passionate-writer]

I am quite sure that there are many wealthy people out there who certainly hoard wealth. However, the definition of hoarding wealth may vary and depend. I must say that being stingy in an excessive manner is a kind of behaviour that may be associated with hoarding wealth.

 

[riberet19]

I don't think that 99% of wealth is standing still, really a lot of that wealth is invested and generating employment, most of the rich have their money invested in assets and not in liquidity.

 

[Augusta]

I understand your point but you know we are always advocating people to save for the future. I think with this your post it is good to invest the money than saving or hoarding it

 

[SHAHID987]

If someone is wealthy and he is just holding his money then one day he may be counted as losers because money devalued over time. On the other hand when someone is investing his money then he may increase it many folds.

 

[Passionate-writer]

I don't think that 99% of wealth is standing still, really a lot of that wealth is invested and generating employment, most of the rich have their money invested in assets and not in liquidity.

Flow of money is necessary for the economy to run in a really smooth way. This is important because if wealth does not flow properly, the overall money circulation may get affected and this may have a negative impact on the economy.

 

[riberet19]

Flow of money is necessary for the economy to run in a really smooth way. This is important because if wealth does not flow properly, the overall money circulation may get affected and this may have a negative impact on the economy.

Yes, of course money must flow, the stopped money is as if it did not exist and can stagnate the economy, that is what I mean that all the money that these great fortunes have is not stopped and is flowing in the economy based on investment in companies and others.

 

[Passionate-writer]

Yes, of course money must flow, the stopped money is as if it did not exist and can stagnate the economy, that is what I mean that all the money that these great fortunes have is not stopped and is flowing in the economy based on investment in companies and others.

I think that one of the main reasons why economy is not growing is due to the fact that many wealthy people have been withholding their wealth from people. This also means that they do not make a system where each and every person could get the chance to earn money and it is limited to a few people only.

 

[Augusta]

People hoard wealth for different reasons there are many wealthy people that hoard wealth. People excessively hold unto wealth for selfish reasons.