Quote from: justdimin on Today at 04:16:51 PM

Quote from: odunybiz on April 09, 2023, 05:35:35 PM

Saving money isn't something easy, it comes with determination and self-discipline but with automatic saving one can easily set his/her saving amount at interval.

The idea to save as much as you possibly can, even if it puts pressure on you but you can do it, means that you could have a better future. Like for example if you can save 50% of your income, in 10 years you would be able to retire, think of how amazing that is.

Fiat is not the best choice for long-term savings (bank deposits) compared crypto investments. Inflation has made fiat lose lot of value, fiat is printed indefinitely so it's definitely not the best choice. If the OP wants to save, then the best option is to make his savings work for his own benefit in the long term. I recommend bitcoin or whatever he thinks is good, but if he chooses fiat savings, then it's clear to me that it's not a very wise choice.

Quote from: justdimin on Today at 04:16:51 PM

Someone who starts working at 22-23 years old, could easily retire at 40 years old if they save enough and invest smartly.

The mindset has to be clear about how to make savings productive, I mean they have to plan investments instead of storing large amounts of fiat. Investing is the best advice for anyone who wants their assets to be productive, it is up to them what assets they believe to provide short term or long term returns.