Post
Topic
Board Economics
Re: Should you save, when you are wealthy?
by
Inwestour
on 09/06/2023, 11:51:44 UTC
Saving won't make you rich, saving is a great strategy to help anticipate unforeseen needs that make it easier for you to access that money in an emergency. In the short term you won't make much money saving, but you also don't risk losing it.
Make money work for you if you want to create wealth, there are many ways you can do one of them by investing. Do with what you have learned because it is very important to your financial situation. Fluctuations in the price of crypto assets are normal, you must be prepared to take risks if you want to create wealth through the investment channel.
Savings can be one of the stages of achieving the goal, but not the goal. If you are able to create a source of passive income from your savings, then you can achieve financial freedom.

How long it will take, it will depend on each person individually, on his ability to earn, on his ability to create sources of passive income, on his desire, but I am sure that if you follow this, then everyone will be able to become wealthy at some point.

The one who earns well, but does not save anything, or does not create sources of income, in the end will only squander everything he has earned and be left with nothing.