Post
Topic
Board Economics
Re: Automating your savings will help you save more
by
Smack That Ace
on 11/07/2023, 14:11:19 UTC
Exactly, if you save money, you will have more money to save when you have a source of income, however other individuals prefer to invest their money in order to make more money. Saving is typically done for the short term, whereas investing is done for the long term. In the short term, it's a good idea to invest your money rather than save it. Saving is just a normal thing that you can't get anything back from, any amount you keep in a luck key that is the money you will see, but when you invest you will get a high profit back, as for me i would rather invest my money than save it.

So you became rich by investing? Or are you still losing money and looking for another way to cover your investment losses? Investing is the best way to increase our wealth, but there is no guarantee that the investment will definitely bring you a return. It's a bad idea to put all your money into investments and not have any savings because the investment will never be able to help you in emergencies or daily needs. It is quite surprising that until now, many people still do not know the importance of saving.