Quote from: tosmartak on September 25, 2018, 02:03:29 PM

Quote from: jambul_kribo on September 25, 2018, 03:25:59 AM

Quote from: randyboy on September 25, 2018, 03:04:31 AM

I have my own strategy to save money for a long time period like managing it when it comes to spend it and also save it in the bank but for me is I save it and I will forget that I have money in the bank that's why I save it more and especially if I needed it I have another reservation for my money in investing.

each person have their own strategy to make their money growth.they can use it on investing portofolio or save it on bank.choosing investment portofolio need some research and observation in order to get best portofolio.

I believe the best strategy for savings is just to be disciplined, have a long term goal, a time line to achieve those goals and work towards it. It will be hard for someone who really knows what he is working on for the greater good, to end up jeopardizing his or her future based on things that are not necessary at the moment. People tend to just want to live each day as it comes, without a single plan for the future and saving with such mindset will be close to impossible.

I think there should be a plan as well regarding what you're going to do with the money. A lot of people are saving money because that's what most people do with their money anyway. They leave it somewhere "just in case" they need the money. This is the same people that end up spending their savings in order to buy an iPhone or something that's on sale. Not having a specific plan and simply saving will take you nowhere and you're actually lucky if the money actually goes somewhere worth it.

This is where introspection comes in. What do you really want to do? What are the things that you really need? Do you have a solid business plan that you want to execute someday? People don't reflect about their wants and needs as a person so they end up just living life the way it is without doing anything at all. They just work and go home, all just to save money for reasons unknown to them. And they always say that they don't have time for themselves which is really sad. You need to set aside some time in order to gain direction to where your life is going and where money will be used in order to push you forward in life.