Isn't this paradox amazing? For the world to grow you need to spend you money. For you to grow you need to save your money.
It is truly a paradox, if everybody saves their money, as they should, and waits till they have money, then the world goes into recession and depression, and the individual has even less money as less and less people spending money causes job loss and market failure. But, if everyone goes out and spends all the time the world is growing and there are all kinds of new toys, ideas and business plans. One of the problem is that if you spend everything you make then you have nothing for retirement. And, if you spend money you don't have, sooner or later it can cause a recession and depression.
I guess it means you have to balance your spending and saving. You can't save it all for a healthy world economy. You can't spend it all for a healthy personal economy.
I'll try to develop this idea more if I remember later and have time.
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