What to do when people who save money become losers?

The irony of this is when I was young, I was taught again and again by my

  • teachers
  • parents
  • banks
  • news papers
  • etc

that I need to save money…BUT!

The older I get, the more I realize that savers (people who prioritize saving only, without investing) will become losers. It’s a harsh word and harsh way of putting it, but I make no apologies for this.

The #1 reason why savers become losers

…is because of inflation that serves to decrease the value of your money. Inflation simply means that $100 today dont carry the same value over time. It may become $90, $80 or less.

It’s not obviously mentioned, but the easiest way to see and experience this with your own eyes is to observe. Say 5 years ago, what can $100 buy for you? Maybe use the example of food or groceries, where it’s easy to compare. Today, what can you buy with $100?

The 2nd more problematic issue for savers

Savers…tend to be fearful of making the wrong decision. So instead of having to choose to invest or not, they choose not to invest. At best, they should at the very least, invest in very conservative stuff, such as fixed deposits – which may give you a few % return per year.

What I’m trying to drive at is to not be stuck in your mental and emotional prison of fear that’s holding you back from investing. It’s a skill that will improve with both knowledge and experience-in-action. You can learn and improve on it, like any skills.

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Just choose one that you understand most easily or are more intuned with, be it

  • stocks including dividend stocks, ETFs, REITs
  • real estate
  • cryptocurrency such as bitcoin (BTC), ethereum (ETH)
  • etc

If not…your money will keep shrinking

People who only know how to save will always be losers today and in the end.

Because market forces and inflation will continue to happen even if they cling to every dollar. Yes, savings remain important, but at the same time, with equal importance, you need to invest those savings and make every single dollar work harder and harder for you

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