Quote from: Strongkored on Today at 02:41:23 AM

Quote from: uneng on January 18, 2024, 01:24:35 AM

People usually have the illusion that by saving money they are making a great deal, while in fact, the truth is that to save is nearly to useless when thinking on achieving financial progress in life.

I agree with this that saving only saves us from not using too much money but in the long term it will not provide any benefits because the value will continue to fall even when we invest in the type offered by the bank it will not provide benefits in the long term because the value will not be enough for us to buy something we want.
Many do not understand this because they do not get the knowledge they should, and also the banks will offer investment from their companies by promising benefits that their investors will not fully get.
Investing is very important and choosing the right type of investment that suits our current finances will enable us to be better off economically in the future.

Saving is a prerequisite to investing, since you should not ever ask for a loan to do this, so the only way to get money to invest is by lowering your expenses, save that money and then decide the assets you want to buy and hold for a long time.

Those that only save their money or keep it in the bank and receive a pitifully small amount of money in return are without a doubt making a mistake, but those that save their money to later use it to invest in good assets are taking the correct steps to eventually achieve a comfortable economic position on the future.