Savers are losers, that's a phrase I've heard from people who are rich. Is it the right phrase? I think so.
Savers, people who leave their money in a low-interest savings account, are the losers in the finance world. They aren't as bad as those who keep their cash in a safe or under a mattress, but they are still losing money every year. Every year, these people lose their money due to inflation or lose a lucrative opportunity because they fear the unknown. They don't acquire assets that appreciate over time, or they don't make any money off of their assets.
INVEST, DON'T SAVE.
Lots of wealthy people who I've talked to have told me to invest my money and not save it. Some investments could be property, like land or a house, others say to invest in assets like stocks that provide dividends. Of course, the tech crowd would say to invest the money in DeFi pools, staking currencies, or look for services that offer competitive interest on your holdings. Honestly, I agree with all these options because it is always in your best interest to make your money work for you.
Saving money will only work so that you have money to spend during emergencies or unexpected expenditures, but investing in an asset that appreciates or provides an income for you over time will help you build generational wealth.
Don't be a loser, INVEST.
