Savers are Losers in 2021 | SAVING MONEY IS LOSING YOU MONEY
Growing up we were all told that the most responsible thing to do with our money is to save it. However, have you ever considered the financial position that the people telling you to save money are in? Were they wealthy? If they weren't then it's safe to say their own advice didn't help them.
Saving money is no longer a safe option to protect your money. Today, every dollar you leave in a savings account is losing you money every day.
50 years ago you could save money and be just fine. But today, if you are saving your money and not investing it, you will work until you die. Interest rates have fallen significantly since the 1970s due to government policies, which means that the interest you are receiving from your bank isn't even enough to beat inflation.
Investing your money in assets that appreciate and pay you is the only way to fight inflation and government intervention.
Check out the Money Monopolizers podcast:
Apple Podcasts: https://podcasts.apple.com/us/podcast...
Spotify: https://open.spotify.com/show/308BZiH...
Check out the Real Estate Course: https://gum.co/firstrealestatedeal
Get your merch: https://moneymonopolizers.com/shop/
Follow us on Instagram: / moneymonopolizers
Follow us on Twitter: https://twitter.com/themonopolizers?l...
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.