Post
Topic
Board Economics
Re: The first rule of investing is saving
by
herurist
on 28/07/2021, 16:27:56 UTC


Saving is the most important thing, we must do it because we need cash at any time, with Covid conditions like now, choosing the most profitable type of investment is important, many people are stuck buying property and during the pandemic the value drops, crypto is the right choice because it has proven to be very profitable .
Yes, it's basically like that but actually both saving and investing there must be some things that should not be done because saving is not just a matter of saving money but you need to think about the risks that might occur, besides that we also have to have a plan by budgeting nominal for saving. By budgeting in advance, you will be more aware that you have to save. Since you already have the money budgeted for saving, you won't forget to do it. but on the other hand we should not feel burdened with it, even if for example we cannot in large quantities, we can still in smaller quantities so that we do not feel burdened by it.
Besides that, your goal for saving must be clear first because basically this is very important. because if we don't set a saving goal for what then we will be careless and not consistent in saving and this is not a good thing to do