Post
Topic
Board Economics
Re: Saving is Wasting?
by
karmamiu
on 17/02/2023, 05:23:54 UTC
Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

No troll intended my friend but I thought you should have some bitcoin considering your account has been registered since 2017!  Huh Saving is just like doing a grant fund for banking organizations, the money they run as a business is owned by people like me, and you, they make collective donations from rich and poor and set that up with interest rate that will give you nothing at the end of the year, the banks only favor those who have big shares, the poor only suffer at their hands by saving in their custody with poor services they may debit you at the end of the day. My little already known advice, buy and hold bitcoin when the price sinks at any given opportunity.
The longevity of an account doesn't justify the user's knowledge but I guess the user is stuck with the idea that education is the only thing to thrive in this world whereas it's all scams just like the fiat currency because most people who are Billionaires now are dropouts.
Having said that, the idea of saving fiat is a waste. Why would anyone save fiat currency when the government keeps printing more of it? It is better to invest in Bitcoin and Gold.

 I totally feel what you are passing through, I understand you very well, To be frank I wouldn't advise you to save money while there are myriads of financial problems, I would advise you save when there is much. That is when you are less expenses spree. You can save the little you can for emergency purpose. But in a situation where you don't have much please avoid saving.
If my account is the basis, then I should be already a hero member or a legendary member, right? I just recently came back after several years since I was also busy with my study, and yes, it's true that I have earned a decent amount before and most of those earnings went into a considerable good investment such as my computer which I was using for 5 years now and other needs. Now for the present time I could say I somehow regret it but as I've said it is a considerable good investment for me since I made use of the things I needed back then and should be grateful for that. Additionally, now what I'm really aiming is building for myself and investing while utilizing the resources that I have, because I know crypto or bitcoin is one the things that will greatly contribute me in the future. So, I do hope that I could read some of your suggestions, opinions and gain more knowledge which I literally skipped over the past few years.