A short excerpt from Ramit Sethi's YouTube video arguing that American popular advice overemphasizes saving and neglects investing. Sethi contends that saving alone will not build real wealth and frames investing as the necessary step to create substantial wealth.
There's this misguided belief in America that I just need to save money. And so people will obsess and agonize and berate themselves over not saving enough, or, ooh, I'm so good, I'm morally virtuous. I saved $53 this month. They're playing the entire wrong game. In order to build real wealth, you have to go way beyond saving and you have to invest. Saving alone will not build real wealth, but investing is where that is created.
