Becoming wealthy is all about making more money than you spend and investing the rest.
For obvious reasons, if you do not invest your money yourself, that money is being lent out by your bank who invests it on your behalf and that bank then lends it to companies who invest it on the bank's behalf.
When companies stop being borrowers and interest rates drop there is no demand for your savings and you shouldn't let your money sit in a bank account.
Comments
For obvious reasons, if you do not invest your money yourself, that money is being lent out by your bank who invests it on your behalf and that bank then lends it to companies who invest it on the bank's behalf.
When companies stop being borrowers and interest rates drop there is no demand for your savings and you shouldn't let your money sit in a bank account.