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Let’s just get this out of the way quickly: saving money is a good thing.

But doing so as a way to build wealth and/or be ready for retirement went the way of the dodo bird long, long ago.

starving piggy bank

In the wake of the 2008 economic collapse, a new investment pattern has emerged.

The term going broke safely refers to keeping most or all of your money in the bank in the form of certificates of deposit, savings accounts, or money markets earning returns lower than 1%.

While there is safety of principal behind those investments, two critical factors steadily erode that buying power: taxes and inflation.

Of course, savings, tax, and inflation rates are variable factors. Here’s what the state of play looked like at the start of this year:

These days, fortunately, there’s another factor to consider. It’s one that financial planners are rightfully emphasizing, as this example shows:

There are über-disciplined ways to grow savings accounts into sustainable retirement funds if you’re still young — the 4% rule comes to mind — but for the most part, and especially for anyone who doesn’t have 30 prime years remaining in the work force, there are better avenues of financial productivity.

Here’s investor extraordinare Warren Buffet’s advice that may be directed toward a younger audience in this clip, but in the 21st century, it’s applicable for all ages:

Our financial fate has always been in our own hands, and we can’t let the post-crash economy affect that reality.

Robert KiyosakiBest-selling author Robert Kiyosaki is on the same track as an old Swedish saying, namely that even a good excuse is still an excuse.

Make 2015 the year you champion your life and take control. Can’t find a job? Challenge yourself to create one for yourself. Want to start generating passive income and building assets? Do it! Find a mentor. Start a blog or podcast. Write an e-book. License your killer salsa recipe. Or join a network marketing company.

You’re smart and creative and talented … so use those talents, learn more about money and business and investing, and champion — and change — your life in 2015.

Sounds amazingly like the game plan for achieving the Dot Com lifestyle, doesn’t it?

That’s no coincidence. The opportunity and tools are more accessible than ever before. All you need to add is the mindset.

Savings accounts are useful for having funds available in case of emergencies, but it’s not a given that they’ll be a cornerstone for true financial independence during your golden years, much less your prime-of-life enjoyment years.

It’s there to be done. There’s no time like the present to invest in yourself and a better future. All you need to do is take action.

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