Investment will help us to make money while we are sleeping and that means that we will have a passive income and a passive income will be the key for us to make a lot more money in the future. If i were you, while you are investing, you should also make some savings in order to make back ups for your money if ever your investment will not do anything well.
Agree. When you invest money, and devise a passive income strategy, you would be able to grow your capital without having to work at all. The greater you invest, the greater the rewards will be, but be advised that the risk would be higher as well. The best way towards success here would be to combine both saving and investing. It's simple and if you propose yourself towards growing your capital, you'll be able to achieve peace of mind in the long term.
An emergency fund or backup plan is needed, just in case there's a collapse in the world's economy or something undesired happens in the future. When you save money and never touch it except for emergencies, you'll be able to gain control over your financial life and survive. On the other hand, when you invest, you'll be able to multiply your money over the long term allowing you to always have capital accessible in the times of need.
Banks are great for saving your money in the long term due to the security they provide. But you can also count on cryptocurrencies and invest your money into them to help grow your capital at a fast pace. Whatever you do, it's important that you keep in mind to never spend more than what you earn to avoid becoming bankrupt in the future. Just my opinion.
