Why Saving Money Makes You Poor and Makes Others Rich
Welcome back everybody to the podcast! This is your host, AJ Osborne.
That’s right, you read that title correctly. But wait, how in the world could saving money make you poor? You save money and that means you have more of it right? In a perfect world, that may be true. But here in real life with the economic forces that be, if you’re saving money, you’re losing money.
Unfortunately, most people don’t even know or realize it. What’s even worse is that even more people don’t know that all that money they’re saving in the bank is actually being used against them. How?
You see, you’re either a producer or a consumer and being solely a consumer (and a saver) is a major major pitfall. In today’s episode I’m going to share with you all exactly why simply saving money is not a good wealth building strategy. In fact, I can tell you right now, simply saving money will never make you financially free or wealthy.
I’m first going to cover some basic economics of currency, inflation, interest rates and how they’re used to control the economy and so forth. Then we’re going to jump into the nitty gritty of it all and I’ll show you exactly how you’re actually losing money by saving money. I’ll also show you how you’re not only losing money, but how your own money is being leveraged against you as a consumer.
As always everybody, buckle up and get ready to take some notes, listen to this epsiode a couple times if you need to, whatever it takes to absorb the value here today. These principles, ideas, and understandings that we go over here today are foundational when it comes to building wealth.
Thanks for tuning, we’ll see you next time everybody,
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