We know the saying that “money doesn’t buy happiness.” Meanwhile, although money is not the most important thing in life, our life satisfaction increases with wealth. If there is no shortage in the wallet, there is no concern about it. Money also gives us a sense of security.
We don’t like talking about finances
We do not tell others how much we earn and we do not complain about the shortcomings in the household budget. We also do not admit that we sometimes save ourselves with a loan. Not all of us share information about how much money we have, even with our partner – about 75 percent do so. of us, but more often men than women. We don’t like talking about how much we spend even more. Do our loved ones know this? 73 percent men say yes. Only half of the women interviewed in the survey are convinced of this. Women are also more likely than men to not explain their expenses at all, to underestimate the price of a purchased product to their partner, and to argue about money-related issues.
Young people enjoy saving money
Almost 80 percent Poles have savings, with 70 percent still saving. Men have the advantage among regular savers. Women are more likely than men to have no savings at all or little of them. This is usually not due to extravagance – they simply earn less. The amount of savings increases with age.
What are we saving for? As much as 42 percent Poles asked in the survey say it’s for a “rainy day”. 39 percent – in old age, 29 percent – for building capital, and 19 percent he just likes having money. Many of us save for a specific purpose – an apartment, a car, fulfilling dreams (e.g. travel). Only 12 percent participating in the study collects money for children – for their education or future. 8 percent they save money because that’s what they were taught at home. Middle-aged people treat savings as security that gives them a sense of security. And young people? They derive pleasure from saving.
We keep our savings mainly in savings accounts and deposits.
You need to know how to invest
86 percent Poles believe that it is better to invest money than to keep it “in a sock”, but only 46 percent invest it… We are afraid of the risk of loss, even at the expense of profits. Most of us admit that we have no knowledge of finance and economics, which is why we would prefer to seek help from an expert.
Poles invest in investment funds – 40 percent have them. of us. Investing in currencies is similarly popular. Every third Pole bought bonds, and almost every fifth – structured products, e.g. structured deposits. Such a deposit is a combination of a bank deposit and a market investment, where the bank invests part of the capital and part is protected.
The most famous investors in the world
The most famous investor in the world is Warren Buffett, now 95 years old. He is the president of his Berkshire Hathaway investment fund, which manages companies and insurance. Buffett owes his nickname to his extraordinary investing intuition.
– “The Oracle of Omaha.” Omaha is the largest city in Nebraska, where the legendary investor was born.
Buffett started from scratch. As a 13-year-old boy, he delivered newspapers on a bicycle, and with the money he earned, he bought land and leased it to a farmer. He spent the money he had from the lease on a new bicycle to continue his work delivering newspapers. He also remembered to deduct it from tax as a tax-deductible expense…
Another famous investor is George Soros, famous for his currency betting. He was born in 1946 in Hungary, from where he emigrated to Great Britain. He recalls that his goal was to earn money that would allow him to work as a writer and philosopher. Today, Soros is a famous philanthropist.
Rounding out the podium is American billionaire Ray Dalio, founder of the Bridgewater Associates hedge fund. A hedge fund is all about high risk. Dalio’s net worth is estimated to be $15.4 billion in 2025!
Covered bonds – new for individual investors
Until recently, mortgage bonds were available only to professionals, including: from investment funds, banks and insurance companies. Today, anyone can invest in them. A few days ago, the first issue of mortgage covered bonds of PKO Bank Hipoteczny for individual investors in almost 100 years ended. Poles signed up for lists worth PLN 1.155 billion. At the end of October, the lists will debut on the Stock Exchange, and further issues of this type are planned. Covered bonds are debt securities. When you invest in mortgage bonds, you lend money to a bank that will spend it on mortgage loans. It is a very safe investment product, compared to bonds in this respect by experts. The bank where you buy the mortgage bonds pays you interest on the dates specified in the contract. And it’s thanks to them that you make money. And, similarly to bonds, after a specified period of time (this is also indicated in the contract), you receive the money paid.
In the article, we used the “Financial Portrait of Poles” Report, which was created thanks to the cooperation of Business Insider Polska, the Maison & Partners research agency and with the strategic support of PKO Bank Polski.
The partner of the material is PKO BANK POLSKI
