Bookwormlux
Valued Contributor
A lot of poor people and middle class are usually of the belief that saving money is the best way to get out of poverty , and I really want us to look in to this and shared what we think about it .
It is not easy to be managing your life as poor person and still be thinking about saving money again , this usually comes with a lot of stress and high sense of financial discipline that we know is not common in our world today .
I really doubt if saving money is actually a way of getting out of poverty. This is because the savings amount would not even amount to some huge some of money at the end of the year when you are trying to assess how far you have come with the savings goals .
There are lucky instances where by poor people who saved some good money were able to get some investment opportunities which they utilised and were able to attain financial Independence through it .
However , we ought to bear in mind that only a few make it through this means and this is why I am saying that it is not a reliable method of getting rich .
What do you think about Savings , especially when you consider its potentials in being able to help individuals to attain some level of wealth that would make them financially independent ?
It is not easy to be managing your life as poor person and still be thinking about saving money again , this usually comes with a lot of stress and high sense of financial discipline that we know is not common in our world today .
I really doubt if saving money is actually a way of getting out of poverty. This is because the savings amount would not even amount to some huge some of money at the end of the year when you are trying to assess how far you have come with the savings goals .
There are lucky instances where by poor people who saved some good money were able to get some investment opportunities which they utilised and were able to attain financial Independence through it .
However , we ought to bear in mind that only a few make it through this means and this is why I am saying that it is not a reliable method of getting rich .
What do you think about Savings , especially when you consider its potentials in being able to help individuals to attain some level of wealth that would make them financially independent ?