Post
Topic
Board Economics
Re: Try to save money while you still can, will you ?
by
karmamiu
on 19/03/2023, 02:38:53 UTC
It is always wise to save money, we need to save while we can because we don't know when we can face an emergency, saving is good but if we save our money we need a lot of time before it will become big savings, i suggest to use the saving if there any, make a small business that don't need a big capital or invest in crypto, etc., There a lot of ways to earn not only saving.

Now it is very difficult to find a business that requires little investment. Most of the market is occupied by monopolies, which simply do not let new players in. And you can't keep money either, because due to inflation, money is constantly depreciating

There are some that require a little investment but obviously, you can't observe huge profits.  If you are really serious about setting up a business with a small investment, you can try to be a street vendor, where you sell street foods or other items that can catch the attention of passer by.  Street food vendors that often stations themselves on the school gates only need a small investment but I heard many are able to save money and improve or upgrade their business.


I think that depends on which area you'll station yourself, coz there are some areas that requires you to pay for rent and overtime the rent only increases and eventually you'll give up that place but for sure you already have enough money saved.

Like what happened to one of my friends who started this kind of business, we were shocked to learn that the rent of that place was soaring high. Later we found out that it was reserved to someone and the price was 2 times lower when that someone rented.