The rich and the poor have something in common.
They both do not store value in money. Because money is too volatile and outside of their control.
They convert assets to money only when needed for a transaction.
The wise poor keep their harvests as store of value, they also keep value in jewelry, precious stones, gold, poultry, cows, in nature, etc.
The rich store values in real estates, stocks, shares, commodities, etc.
Rich people would be found often saying ‘I’m rich but I have no money’. That’s true.
Only workers, the middle class store value in saving accounts.
They are good for the economy but that’s not what money is for.
Money should be a temporary vehicle for transaction not a permanent store of value.
How do you store value?