Tuesday, 20 August 2013

Saving money makes you POORER!

Sounds totally stupid!?...

But googling 'how can you become financially free' and hearing people talk about money has convinced me that in fact saving money actually makes you poorer!!

Heres why!...

First websites and results from google, led me to many websites which gave advice or top tips similar to:

1 - Live below your means

2 - Count every penny!

3 - Switch phone companies or utility companies regularly

4 - Shop about for discounts

5 - Save up for stuff that you want

etc etc etc

Now at first i thought some of these points valid but for being financially free were just stupid BUT it was only getting to the bottom of the page there were in fact 100's of comments from viewers and readers posting comments such as:

- 'Excellent advice!!'

- 'Been following your website and advice now for years and i'm nearly debt free!!'

- 'more more more tips please! :D'


I was amazed at how much these people followed websites, or this type of advice.


So taking emotions out of the picture or statement if you will. I looked at this logically and went right if a coin has TWO SIDES to it, you can go on one side of the coin, you can SAVE money and on the other side of the coin you can MAKE money!

Now as these readers, viewers of those said comments on that website i mentioned earlier obviously are acting out the 'SAVING' side of the coin.
To me.... this is ludicrous as i thought hang on!... with saving there IS A LIMIT!

There is only so much money you can save a year! You earn 'x amount' you spend 'x amount' therefore your left with xxxx so if we follow the top tips 'change utility companies etc' we can REDUCE that expenditure down to the bare bones or as close as we can! BUT then we hit the limit!
You can only reduce it so much, as you can never get it so it's FREE therefore there will come a time when your budget and plan so to speak is as lean and mean as it can go! And thats IF you stay on top of counting the pennies, and spending hours and hours and days in a year comparing deals, shopping around after quotes and so on! Which is quite unlikely.

Now on the flip side of the coin!...
I've NEVER heard anyone say, 'I've made to much money, i've hit my limit!'

This sentence when it was in my head, was suddenly a 'urikea moment' yes its obvious you can only save so much money a year, and you have to repeat the formula year after year, spending hours and hours, days and days trimming the fat off your expenditure so its as lean as possible.

However if you were to spend THAT TIME! learning TO MAKE MONEY! there is no limit!

ONE SIDE OF THE COIN HAS A LIMIT! (SAVING MONEY)
THE OTHER SIDE OF THE COIN IS LIMITLESS!!! (MAKING MONEY)

Now if we took two people acting out their lives living each side of the coin, the person learning year after year how to make more and more money, would be better off surely!

Where by the people spending time to save and save will never be able to out do inflation! and will get left behind and overall be poorer in the long run!

So for me, though YES I AGREE you can save money! and go look i've saved nearly £500 this year BUT if you have what precious time to learn something, spend it learning how to MAKE MONEY! and make £500 extra a year! as year after year £500 one year another £500 the year after = £1000 etc You will be better off!!

And in closing:

Surely life is about LIVING and ENJOYING it with the people you love stress free, not about surviving it and living below your means!
I believe we live once! and ONLY once! we are all unique and all incredible individuals! But somehow somethings happened, and we put ourselves down and tell ourselves or allow others to tell us we don't deserve the high life, success, holidays abroad and travel the world! We seem to ACCEPT that we should live below our means and count every penny. I for one want to go out on my death bed saying, i've lived a good life, travelled to many places, seen many events and experienced many things! and i have managed to do them all with my wife (currently not married at time of writing this) and my children (again not got any at time of writing). I can leave knowing that my family is taken care, they won't have to stress about money, and that they have the choice to pursue their dreams and passions and hobbies! and not be a slave to job industry.


Leave a comment below with your opinion on this, as i'd love to hear other peoples views...

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