Although I can't save money. I can't save money. It happens that my expenses are more than my income. But I think every person should save money. Because what do you do when you are old and can't do anything? Then you have to ask someone. It is very important to save money for treatment. Nowadays, people have the most difficult diseases, which require a lot of money. Therefore, it is very important to save money.
If it's important, then save from now even though your income is small. Because that's not the only reason for anyone not to save money in their life, especially if it is to maintain their health and to balance their life in old age if someone doesn't get a pension from the government. Apart from saving money from now on, everyone can also invest in real estate and also in currencies like Bitcoin because these two things can also help someone manage their old age better.
Yes, I definitely agree. Saving is really important because we do not know what will happen down the road and we might need something for emergency purposes but don't forget that saving and investing is two different words with two different meaning because you probably don't want to touch your investments that is supposed to give you profits for future purposes like emergencies and sudden bills that you did not expected.
Correct you need to understand that there's differences between saving and investing, if you plan to invest and you don't want to use it for emergency make sure that you are using spare for that particular investment, you need to have seperate savings for emergency purpose to make sure that you will not use your invested money, there's chance that if you force to use invested money the value is at loss and you don't have choice but to withdraw so it's always better to have extra for this kind of purposes.
There are still a lot of people who confuse saving and investing. Many people say that instead of saving in fiat, save in bitcoin, and that is a misconception. Bitcoin is very volatile, and if all our savings were put in bitcoin when bitcoin was worth $69k. And we need those savings for emergencies, and the bitcoin price has halved, meaning we'd have lost half of our savings if we used it immediately. Are we brave enough to use that bitcoin?
Saving is more important than investing, and when it comes to saving, we should think of fiat or a savings account in a bank, not a highly volatile asset like bitcoin.