Why Saving In A Bank Is Pretty Useless (And What to Do Instead)

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🎙️ Bitcoin For Everyone — Episode: How to Get Rich (It’s Not Earning More Money)

In this episode, we break the myth that getting rich starts with earning more. Spoiler alert: it doesn’t.

Instead, we dig into what really sets financially secure people apart—and it has way more to do with discipline, mindset, and long-term vision than hitting a high income bracket.

🧠 Key Takeaways:

1. Before You Invest, Fix Your Financial Foundation

• Pay off your credit card debts and overdrafts—ASAP.
• If your house or rental is too expensive, move.
• Ditch the car you can't afford. Buy a cheap one—or better yet, go without.
• A fancy car doesn’t equal wealth. A bad car doesn’t equal poverty.

🔊 "Buying things you can’t afford to impress people you don’t even know or care about is the dumbest flex ever." – Gary Vee

2. Understand the Difference: Saving vs. Investing

• Saving is setting aside cash for later.
• Investing is using that cash to grow your wealth through assets like stocks or Bitcoin.

3. My Personal Money Flow (When I Get Paid):

• 25% → Tax
• 10% → Investment
• 10% → Giving
• 5% → Kids' Savings
• 50% → Living expenses

This isn’t what I do because I’m rich. It’s what I did to become rich. Build the habit first—the money follows.

4. Simulated Portfolio Growth Over 10 Years (Saving £1,000/year):

• 💰 Cash Only: ~£10,462
• 📈 100% Stocks (50% US, 50% EU): ~£14,835
• ₿ Bitcoin + Stocks (20% BTC, 40% US, 40% EU): ~£24,466

Even with a Bitcoin crash simulation (losing 30% per year for 5 years), the BTC portfolio still outperformed cash: ~£12,644

5. Time Horizon is Everything

• Stop living for the next dopamine hit.
• Don’t let TikTok convince you that you should be flying private in your 20s.
• You don’t have a money problem—you have a mindset problem.

💡 “Wealth is what you don’t see. It’s in the decisions you make daily—especially the ones no one claps for.” 

Get intouch with Myles at [email protected]