Post
Topic
Board Economics
Re: Should you save, when you are wealthy?
by
boyptc
on 01/04/2023, 08:33:38 UTC
I think in the end saving is not good if done for the long term, you can see that the amount of money is not limited, so instead of increasing but every year our money continues to decrease because its value continues to fall, unfortunately I am also not rich yet, so I share my knowledge have here.
That has a point, our money which has been printed a lot of times and added a lot in the circulating supply in the economy gives that feature of depreciation and that's acceptable because that's what will happen if money has been printed unlimitedly.

Now, we're understanding the concept of having a limited supply and unlimited supply which we've also learned in projects that we've seen in the market.

Long term, saving is a good practice because it develops you as a person to be conscious of the importance of having something in your pocket and in preparation for the rainy days.