Post
Topic
Board Economics
Merits 1 from 1 user
Re: Look for what to invest, not what to eat
by
Kelward
on 16/05/2023, 16:02:55 UTC
⭐ Merited by uneng (1)

What do you think.

I think Investing in potential projects can be a wise decision in the long term, because it can bring financial stability and growth. However, it is important to be careful and avoid putting all of one's resources into an investment. On the other hand, it is considered necessary to consider one's current financial situation and prioritize meeting basic needs before making any investment decisions. Each individual's circumstances are unique, and not everyone has the same opportunities or resources available to them. Therefore, it is important to be realistic and make decisions based on one's individual circumstances.

I agree with your analyses that it is important to prioritize basic needs first before investments. This is true because investment is a secondary need. Despite the importance of investment, we need to at least meet our basic needs before talking about investing. Of course we can cut down the money we spend on food, live in affordable homes and avoid very expensive designer clothes and extravagant life styles, so we can have enough left to invest. We need to eat so we can be alive and in good health to enjoy investment benefits.