Money is an important part in our lives and it is one of the resources that help us in our life survival. We all need money for various things including basic necessities and Leslie so no matter whether you are rich or poor but you certainly need someone that amount of money for your life needs. Earning money is not easy and we work every day to earn a bit of food so that we can fulfill our daily needs as well as it can help us fulfill many other responsibilities that we have in our life.
There is a saying that "Money saved is the Money earned" and it means that maybe some people earn money easily but if they don't save then their earning in zero. No matter how much we are earning but if we are not saving it then technically we are not earning. Its the same as whatever is coming in is also going out and we are left with nothing. The reason why we invest money in various instruments because this way we multiply our money and investment always happen with saving. If someone invests through the liability its not the right way and also there are high chances to lose it which will also create many other problems.
We must save some part of our income every month and that can be used to invest in various instruments so that we get better returns and as always we should not keep it all in one place because you never know sometimes things perform great and something does not do well. A discipline is certainly needed to do the savings as much as we can after managing our expenses and this is something everyone should follow for sure.
I know many people who are not earning much but they are saving a really good amount and after many years they have quite a good amount in their bank account or they have invested it on the instruments that are bringing them regular dividends. I believe that it's not important how much we are winning instead it's more important how much we are saving and how we are managing this money in a way that it is getting multi-folded.
It's not about making an ocean by collecting every drop but rather it is about not losing a single drop in the drain. Savings do not ONLY depend on the income, but it also depends on the management of the income.
So all n all I can say that instead of worrying about our income we should start saving money and that too with discipline and at regular intervals.
Thank you so much
Stay Safe.
hello @reeta0119,
Since the beginning of civilisations, saving has been fundamental for the growth of the economy of people and countries. Nowadays, many people see saving as an old way to reach wealth, but they forget that the great millionaires are people who have the habit of saving first and then spending, this habit allows them to accumulate fortunes that they leave as an inheritance to their children.
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One of the main ways to save money is to be aware of how much you earn and not to spend more than you earn, knowing how to manage this financial resource is also a good way to save.
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It is easier said than done. Imagine your monthly expenses is $300 and you are making $250, you have to add money from other hustle to meet up your monthly expenses, how do you expect such a person to save. But well said @lanzjoseg
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It is easier to spend money than to save it but in the long run it is the amount that we save that is ours not the ones we spent.
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Woah!!! Clapping!!! This is the best comment I have read all day. This is just amazing to read and you are absolutely correct. Although, if you spend your money to acquire properties such as TV and home appliances, in the long run, they are still runs. Hmmmmmm, that's a loophole to that awesome comment, hahahaha
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Has money is very important so is the way we choose to spend too, we rather spend it to bring more income or spend it and no income.
But as @papa-mensa said that
Thanks for sharing.
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The title of the topic says it all, money saved is money earned. This indirectly is telling us that we should in all ways look for avenue to always save. Savings is what will speak for you no matter what tomorrow.
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Technically, that statement is not too correct. Because we can't earn by saving but money saved is an investment, that's technically more accurate. Or what do you think @tfame3865
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To save money we must be discipline. Let all try and have this discipline it will help us alot.
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And to be disciplined is so hard. But saving is good because it secures ones future and help one to pounce on opportunity once they come.
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@tipu curate
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Upvoted 👌 (Mana: 1/5) Get profit votes with @tipU :)
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Technically, you are correct in a way. But I would rather say, money saved is an investment, but to say earned, I really don't know. Because it is still your money, and it isn't appreciating in value. But I really enjoyed reading through this awesome article @reeta0119
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