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.
It makes no sense to just keep your money in a piggy bank, you can at least just place funds in bonds that carry minimal risk, it will be the same accumulation, but more efficient than just keeping this money at home. So choose a conservative investment in assets with good protection against collapse.