“None are more hopelessly enslaved than those who falsely believe they are free”

Monday, January 18, 2010

Saving: A Losers Game

Saving is an excellent practice, especially when you start young. Saving itself as a vehicle to acquire serious wealth, however, is a losers game. Don’t let anyone tell you differently. You simply can’t save your way to real wealth. Let’s make this very clear: when the Ogre says save, we’re talking about putting aside beaucoup dollars for ventures that require serious capital. You can (and should) start young and saving 50% or more of your pay over a long period of time is a great, albeit impractical practice for setting aside start-up capital. But please know that saving money just to let your money sit there (even at a very high savings yield) is a loser’s game.

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