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.
Absolutely - saving may have worked in the past but no longer. The cost of living far exceeds the amount that most people are able to save, and inflation will guarantee that any savings you make now will not amount to much in the future. Smart and strategic investment is the way to go in this scenario. Not giving into fomo and fud can be a life saver, as can finding the right platform (I like marketplaces like
Vertex.market), and only investing as much as you can afford to lose. Accumulating wealth takes time, and crypto definitely isn't a get rich quick scheme, but strategic investment will pay off - there's no doubt about that.