The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They dont have enough guidance that will help them to invest better.
Even though old people are enthusiastic about accumulation and have good fortune with this method, I think that saving is not a very good method and it is a very difficult method. Of course it is not easy to invest and earn money by managing that investment correctly, but it is possible to obtain more returns with the right management. On the other hand, waiting for the money to be used in the accumulation process will not increase as long as you do not add any economic contribution. Finally, I would like to point out that investing is not the same as gambling. It is possible to obtain a very good return with the right investment and to close the position with the least loss with the right investment strategy.