Saving and preserving wealth should not be an easy or automatic process. You shouldn't be able to put your money in the bank and count on it holding its value indefinitely. Because that's not how the physical universe works. Real matter degrades over time. Real goods and services cannot be stored without cost or loss. Real wealth cannot be stockpiled without risk.
This is something I think about often and I choose to invest in my personal skill sets as well as add physical tools to my arsenal to increase my longevity. These "investments" set me and my work apart from others in the field to increase the value of my time and work....I'm still waiting on the pay off of this 20+year investment, but I know that these risks are independent of financial systems, if the world totally falls apart, my tools and skill will still be of great value....
Hi Josh! Do you think saving money as money or buying virtual monetary products like stocks or bonds is immoral? Shouldn't we rather try to reform the monetary system instead of putting the burden on single decision of individuals? I indeed feel it is a kind of moral failure to not spend the money you earn through work, because then systemically other individuals won't be able to sell THEIR work to me and there will necessarily be unemployment. At the same time, I think the problem should really be solved on a larger level. What do you think?
This is something I think about often and I choose to invest in my personal skill sets as well as add physical tools to my arsenal to increase my longevity. These "investments" set me and my work apart from others in the field to increase the value of my time and work....I'm still waiting on the pay off of this 20+year investment, but I know that these risks are independent of financial systems, if the world totally falls apart, my tools and skill will still be of great value....
Hi Josh! Do you think saving money as money or buying virtual monetary products like stocks or bonds is immoral? Shouldn't we rather try to reform the monetary system instead of putting the burden on single decision of individuals? I indeed feel it is a kind of moral failure to not spend the money you earn through work, because then systemically other individuals won't be able to sell THEIR work to me and there will necessarily be unemployment. At the same time, I think the problem should really be solved on a larger level. What do you think?