Have you ever been quick to make assumptions about a person going through financial constraints? I know I certainly have either deliberately or sub-consciously. This is especially true if we had all been at a certain level, or faced the same level of challenges and achieved different results. We may think our success and their failure is based entirely on some set actions or principles that we abided by and they did not.

However, the more one struts through life, the more we realize that things are not always as they seem. The first realization I have come to is that no two problems facing individuals are exactly the same. They may appear so on the surface, but there may be so many differences at an in-depth level that can make a big difference in our reactions.

Saving is a big part of our culture and one of the tested, trusted means of escaping poverty. One cannot save themselves into wealth, but you can build the right capital base to invest from, or at least a decent cushion when sorting out the next move forward. It is very difficult to plan when there are tons of financial demands that border on survival.

Why You Need to Know This

I am not necessarily stating this for us to be more empathetic towards those going through financial difficulties they can't seem to get out of alone, rather I am stating it to throw more light on the importance of seizing every opportunity when the times are good or at the very least allow for something to be put aside.

Save, Not Squander

For those who have the opportunity to compound, save and accumulate, I believe we should be more aggressive in our approach, particularly for those who are uncomfortable with their financial situations. This is because you never know how things may turn around and it is probably a good idea to gather during the better days to fall back on something during the winters.

Saving aggressively does not imply being greedy. To put a case in point I can give the Hive example of posting multiple low quality articles every day and getting ridiculous rewards from them. It is rather a mindset and willingness thing over any other thing. If you really want to, you can save when there is no urgent or severe need for money.

Conclusion

The benefits of saving are becoming more pronounced since the introduction of crypto. These days we have much higher incentives to do so than was previously available with the traditional banking system. Saving has literally never been so profitable, and I believe we must do so with every given opportunity, knowing nothing is certain.