You might be familiar with the iconic saying "Money saved is Money earned" but to what do you think it is relevant in today's context?. Yes to a certain extent but not completely. Previously people used to rely only on savings as a source of income. It is true that they can earn by saving money which we cannot deny at all.
But is it good to consider savings as your only source of income and is that money enough?. These are the two basic questions you should ask yourself before you decide to consider savings as your only source of income. In fact savings is not the only way of earning money and there are a lot of ways in which you can earn money and in fact you can earn faster and more money too as a rupee saved is a rupee earned but 2 rupees earned is 20 rupees saved.
By earning money you have the freedom to decide whether you want to spend,save or do both but spending as well as saving money makes majority of the population ecstatic and it is a highly recommended option because they know that it is too dangerous to empty your pockets or to not spend money at all. Its okay if you only want to use your savings to fulfill all your needs and wants but will you be able to fulfill everything only with your savings without compromising your needs?. Will you be able to earn immediately after all your money is exhausted?.
No! But by earning cash as well they don't need to compromise on anything or worry about earning cash immediately. You also have the choice of either increasing your income or decreasing your expenditure based on how effectively you use your money and as Benjamin Franklin said "if you would be wealthy think of saving as well as getting". Hence we can conclude that by saving money we can earn money but we cannot consider that as our income or monthly earnings.
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