Perhaps you are thinking
may be thinking, “If I make a lot of money, I will become rich.”
In fact, I know someone who earns 100 million yen a year but has no savings. That person is unable to save money despite earning $100,000,000 annually.
What this case shows is that when building assets, “how to keep it?” is much more important than “how to earn it.” is much more important than earning money.
Since money is finite, if you keep spending it, it will eventually run out. Therefore, unless you make an effort to keep it, no matter how much money you earn, you will not be able to build assets.
By the way, some people who feel that their income is not increasing despite their efforts may think of increasing their money through investment. Unfortunately, however, there are not many good investment opportunities in Japan today.
Why are there so few good investment opportunities in Japan? One of the reasons is that vested interests have a lot of power in Japan.
In Japan, heretics who are called geniuses tend to be crushed. For example, I know a super engineer who has been running an exchange handling the crypto asset Ripple since 2013. At the time, it was one of the largest Ripple exchanges in the world in terms of volume.
My acquaintance had applied for a license for a crypto asset exchange, but eventually had to withdraw it. This was because he had already established technology that outperformed the banks, and if he entered the market in earnest, he could potentially outperform the vested interests.
This is the reason why the Japanese economy has not been able to recover anytime soon. The vested interests are so entrenched that it is difficult for innovative technologies and services to emerge.
I have written this article so that you, the reader, will be aware of the situation in which you find yourself.
We Japanese have not received any financial education to begin with. Therefore, we do not know how to keep our money, nor are we aware of the fact that our investment environment is not sufficiently developed.