Post
Topic
Board Economics
Re: How too get rich
by
goldcoinminer
on 22/08/2016, 05:01:02 UTC
Working is always the way to make money. And the people who know saves money is the key to have big money.

Saving money (especially fiat) will not make you rich. The net value of fiat money declines every year due to inflation, and if you are saving money as such, then you will be left with close to nothing after a few years. For getting rich, you need to invest smartly. Investing in equities, bullion, BTC, mutual funds, startups.etc can be good options.

Yeah, investing is the only way to keep up with annual inflation of fiat and eventually make you rich. But you cannot disregard saving as well. You need to have some savings to get started on investing or venturing into business. Plus, you need to keep some savings for emergency purposes or the rainy days. 
investing together with saving will do, find a good job save some part and invest some coming from your earnings  buy bitcoin and study trading just keep doing this routine from time to time and just use the spare from your saving and investing and do not do the other way around, give yourself a time frame maybe 5 years and you will see how big your savings and earnings coming from your investment.
Savings would really help a lot of be rich because you will be able to see some opportunity to invest when you have a good amount of savings, the ways to make money are found here in this forum including the technique to use but we cannot take the opportunity to be rich if we do not have money to invest.