What is the fundamental of beating poverty, should one continue to save or not?
This may come to you as a shocking revelation but I assure you that after reading this beautiful piece, you can make a great decision for yourself.
Experts would tell you to save. However, I have been able to discover from my experience and findings that no one gets rich by saving. While growing up, I was taught by society and even school that I should be prudent with my tiny income and save more than I spend. I took this advice and ran with it. I saved and saved until an irrevocable emergency came and ate up my savings.
Stop Saving Your Money If You Want To Be Rich, No One Has Ever Beaten Poverty By Saving
The money you save does not increase. It neither yield profit nor brings dividend. If you save it in the bank, you directly or indirectly enrich other people who will never be grateful to you. To save it at home is even worst; you risk being tempted to spend it or being robbed. Saved money is idle money; put your money into use and make it produce more money.
The surest way to beat poverty is to make the little money you earn work for more money, and more money for more money until you build an empire. The only way to achieve this is to invest your money. Therefore, rather than saving your money, why not invest it to make more money.
There is always something that will bring returns to invest your money on. Depending on your capacity, you can buy land in strategic location, do hoarding business, invest in stock market, etc
On a final note, task your brain and do everything possible to ensure that you invest your money rather than saving it. No one becomes wealthy by saving; every wealthy man becomes wealthy by investing their money in a venture.
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