Post
Topic
Board Economics
Re: How to save money on a long-term period
by
robotrobert
on 27/09/2018, 10:13:28 UTC
Everyone of us have tried and attempted to save money, but not all have succeeded. Saving moeny becomes challenging for most pf the people because it is a matter of consistency. Saving money can only be successful if we are consistent about executing it. However, saving money on a long-term period is also one different thing since consistency with the ability to grow your savings is a must. Hence, investing it on a business or in a stock market is one. Engaging also in any legitimate income-generating work is also one. You can also invest on something that you think that the value will increase as the time goes by just like precious stones and metals in jewelries, land areas or lots, and of course, securing your savings in a bank.
Saving money should never be challenging as long as you are principled, disciplined and know it is for your own benefit. The problem with most people is that they certainly do not know how to differentiate between need and wants, do not have any plan for the future, and really do not have an idea where they are headed, which makes it do easy for them to lavishly spend the way they please without any thought of the future. If you think of the future and have great plans for you and your family, savings will never be a problem.