Figure our your "why" for saving, investing, and building wealth - it'll help you financially and emotionally
A lot of well-educated people in today's modern economies save and invest a lot of money relative to their less-educated or less well-off counterparts. But, too often, these people in advanced economies lose sight of what they are saving and investing for.
It's not for anyone -- especially this blog -- to opine on why people should be saving and investing. But, it is troubling when most people can't come up with an answer quickly.
When you can't think of an answer quickly, it means you haven't thought about the question/problem long enough. In the case of saving, investing, and attempting to build wealth, that's a problem - if you haven't thought about "why" you're trying to build wealth, you're doing a disservice to yourself and your community (e.g. your immediate family, broad family, friends, etc.).
The point of building wealth is to use it - you can use it soon, you can use it far into the future, or you can put measures in place so that your wealth is used when you are dead. If your wealth is never used, it is clearly wasteful. If you don't think about how it's going to be used, that doesn't mean it won't be used; that doesn't mean you're wasteful. You're not - you're saving and building wealth. BUT, by failing to think about how you'll use your wealth, you fail to
It would do you a lot of good -- both financially and emotionally -- to grab a cup of coffee once a year and go for a long calm walk while thinking about your "why" (or any similar clam and contemplative activity).
And now, given the rise of cyrptocurrencies and crypto assets to quasi-mainstream financial assets, we're dedicated to providing quality, relevant, and interesting material on cryptocurrencies and cryptoassets. Articles on Bitcoin, Ethereum, Ripple, Cardano, and many more cryptocurrencies and cryptoassets can be found on Pennies and Pounds - all that in addition to a plethora of information on what cryptoassets are, how the entire crypto industry came to be, blockchain/immutable ledger technology, mining, proof of work, proof of stake, and how to prudently invest in crypto if you are so inclined (based on your risk tolerance and ability to withstand the volatility that will come with a crypto portfolio).