Post
Topic
Board Economics
Re: The world's logic favours income makers, not the savers
by
Mauser
on 24/01/2024, 14:30:24 UTC

Moral of the story: don't save money for more than one month. As soon as you accumulated some amount of fiat, put it into an investment and make it generate passive income for you, although you should avoid banking investments, since they usually pay below the inflation. Go for Bitcoin and assets when there isn't enough money to invest in something bigger. There is no assurance you will defeat the evil rigged system which smash common citizens, but at least you will be trying to overcome it...

Saving money hasn't been a good idea for a quite a while now. Since we are facing those inflation rates that are much higher than our savings rates, we are losing real value of our money every year. To offset the inflation rate the only real alternative is to invest that money and go for higher returns. Also saving money in a bank account only gives our money to the bank which than will make much higher returns with our money. Why should be watching our the banks get rich with our money in 2024? Investing is so much easier now than it was 10 years ago. We can quickly build a portfolio with stock ETFs, some corporate bonds, crypto currencies and even some ETCs. This will be well diversified and lead to much higher returns than any savings account. If you now use any coupons and dividend payments to reinvest, your portfolio will grow even faster.