Saving is Earning. Do you agree?

@cashnono (1135)
Hong Kong
January 25, 2007 9:51pm CST
Many people say that saving money is earning money. yes, i agree up to a certain point, saving is earning! what's you opinion?
2 people like this
5 responses
@sanjudear (142)
• India
27 Jan 07
according to me saving is not equal to earning..
2 people like this
@cashnono (1135)
• Hong Kong
27 Jan 07
So, why not share your experience and opinion in details here?
@pirtlems (245)
• United States
26 Jan 07
i agree
1 person likes this
@cashnono (1135)
• Hong Kong
27 Jan 07
I think most people would agree.
@Lydia1901 (16351)
• United States
2 Feb 07
I do agree with that because you are not spending it and always have some money around somwhere.
27 Jan 07
Yes, I certainly agree that saving is earning. I try to put a percentage of my salary away every month as you never know when that rainy day is going to turn up. I also make sure that I keep my savings in a high interest account so that my savings are earning me more money while they are sat there. I suppose risk takers could take this a step further by investing their savings so that they make more money for them.
@ashneng (72)
• Singapore
27 Jan 07
to me i would rather say saving is losing money to inflation. Just take a look. How much does bread cost 10 years ago? how much does bread cost now? U see a big difference in the amount? If you have seen this you would know that having initial capital is good because you have something to fall back on. But whether the "something to fall back on" is sufficient or not depends a lot on the standard of living, any pension etc etc. If you have looked closer, much closer, we need a lot of cashflow to stay financiaally sound instead of just saving. I urge you guys to read up on finance, economics and the lot if you ahve never. Only through understanding how money works will you be able to effectively maximise your profits :)