Why Saving In A Bank Is Pretty Useless (And What to Do Instead)

Bitcoin For Everyone

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26d ago 17:39

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🎙️ Bitcoin For Everyone — Episode: How to Get Rich (It’s Not Earning More Money)

In this episode, we break the myth that getting rich starts with earning more. Spoiler alert: it doesn’t.

Instead, we dig into what really sets financially secure people apart—and it has way more to do with discipline, mindset, and long-term vision than hitting a high income bracket.

🧠 Key Takeaways:

1. Before You Invest, Fix Your Financial Foundation

Pay off your credit card debts and overdrafts—ASAP.
If your house or rental is too expensive, move.
Ditch the car you can't afford. Buy a cheap one—or better yet, go without.
A fancy car doesn’t equal wealth. A bad car doesn’t equal poverty.

🔊 "Buying things you can’t afford to impress people you don’t even know or care about is the dumbest flex ever." – Gary Vee

2. Understand the Difference: Saving vs. Investing

Saving is setting aside cash for later.
Investing is using that cash to grow your wealth through assets like stocks or Bitcoin.

3. My Personal Money Flow (When I Get Paid):

25% → Tax
10% → Investment
10% → Giving
5% → Kids' Savings
50% → Living expenses

This isn’t what I do because I’m rich. It’s what I did to become rich. Build the habit first—the money follows.

4. Simulated Portfolio Growth Over 10 Years (Saving £1,000/year):

💰 Cash Only: ~£10,462
📈 100% Stocks (50% US, 50% EU): ~£14,835
₿ Bitcoin + Stocks (20% BTC, 40% US, 40% EU): ~£24,466

Even with a Bitcoin crash simulation (losing 30% per year for 5 years), the BTC portfolio still outperformed cash: ~£12,644

5. Time Horizon is Everything

Stop living for the next dopamine hit.
Don’t let TikTok convince you that you should be flying private in your 20s.
You don’t have a money problem—you have a mindset problem.

💡 “Wealth is what you don’t see. It’s in the decisions you make daily—especially the ones no one claps for.”

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