Podcast Recap: Why Saving Money Could Be the Reason You’re Still Broke

The Greatness Gained Podcast with Jack Smith

In this episode, Jack Smith flips a common piece of financial advice on its head: saving money isn’t the key to wealth, it might be what’s keeping you broke.

For decades, we’ve been told to work hard, live frugally, and save consistently. But Jack argues that saving alone doesn’t build wealth, it just feels responsible. With inflation outpacing most savings account interest rates, your money is actually losing value over time.

Frugality, Jack explains, is a defensive strategy and defense doesn’t win the game. You can only cut so much. But your income? That has no cap. Instead of obsessing over shrinking expenses, the real shift comes from growing your income and investing in leverage.

The core idea: savers often stay stuck because they never graduate to investors. Wealthy people don’t just preserve money, they multiply it. They use it to build businesses, acquire assets, and create systems that earn while they sleep.

Jack introduces his simple framework: SPG – Spend, Protect, Grow.

• 🟢 Spend on what matters without sacrificing dignity.

• 🟡 Protect with an emergency fund and smart safety nets.

• 🔴 Grow by investing in skills, assets, and scalable systems.

Bottom line? If your money isn’t working for you, you’ll always be working for money.
Ready to escape the saver’s trap? This episode shows you how to think like an asset operator and start playing to win.