Quote from: Mauser on January 24, 2024, 02:30:24 PM

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

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.

The shift towards investment as a strategy to potentially outpace inflation and achieve higher returns makes sense in such an economic landscape. Many people are exploring investment opportunities to actively grow their wealth rather than relying solely on traditional savings accounts.

The advancements in technology and the accessibility of investment options make it easier to invest our spare money. With various platforms and tools available, individuals can explore different investment avenues, making it more convenient for people to take control of their financial future. People need to stay informed about investment options, assess their risk tolerance, and make informed decisions to maximize their financial growth, especially in the context of changing economic conditions.