Reasons Why They Tell You to Save Money?

[Mika]

Do you know who runs the world?

Communists, capitalists, or socialists do not run the world, rich people run the world and rich people have built banks to collect money. They tell you to save money. Since the banks are offering some returns on your saving, you are likely to save your money in the bank instead of keeping it at your home. Banks then use your money to build wealth by investing in businesses and industries. When you want money, you will be charged a higher interest rate, however, when you save money, you are given peanuts. Then, they also tell you to buy a house, a car, etc. When you start buying houses and cars, you are buying liabilities and you will.

When you save $1 the banks will lend $10. They tell you to save money because they can use your money to lend 10 times.

So, instead of saving money in banks, you need to invest your money. Instead of saving money in banks, you need to borrow money from banks. Whether the money is the money you have saved or the money you borrowed from banks, you need to use it to buy assets that can build you an income.

 

[Mancash]

Saving is important but also investing is much more important we will save money in order for us to take care of yourself in the future we will save money enough for us not to be found one side when we need money but how much can we save yes how much can we see if we can save as long as we want to but we win first we will see that we will be able to make more money from our previous cash that we put into action into work and it is very important that we save I'm interested to work in line so will investi make more money and you will see if you invest so all of these are very important in all aspect not one of them is bad but the two of them work hand-in-hand there is nobody here who says that the money is making his majestically it's not a magic is not a time fell but it is a result of savings and a result of investing wisely I gave him the riches and wealth that he has now

 

[Augusta]

The need to save money can't be overemphasized as they are a whole lots of benefits that ok be will gain from savings. Sometimes I just believe we don't need to be told about to save money.

But if we are to state the necessities the following are the reasons

future financial freedom
You would be able to have financial freedom in the future as you would be liquid when you have the right amount of money saved up n your account.

Money for emergency
You can't go wrong with saving money especially when you have an emergency. With your saved money you would be able to cater for any emergency.

 

[Knowlopedia]

Well for me, saving money is part of life and everyone can save at their own time. You just have to find a good saving strategy and keep up with it in order to save a good amount of income.