Quote from: CryptopreneurBrainboss on January 25, 2024, 10:07:45 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...

Fiats savers are losers, saving was ideal in the ancient days when their currency was backed by gold but after the introduction of the fiats system that money can be printed without it being backed by anything, saving became worthless because while you're saving, inflation is making all your efforts become a waste. If you want to save, save in an assets. Assets are anything that brings money so anything that can bring money to you can be used as a saving ground. Save in Bitcoin and not fiats.

When you're saving in an assets, you're also investing and the worth of your money gets retained through appreciation in that asstes that you're saving in. Instead of saving fiats, save that money in landed properties that can generate cashflow or capital gains. Get yourself financially educated and you'll know the importance of investing instead of saving. The dollars will keep losing its value provided the government keeps printing more into circulation and you best believe, they won't stop.

You should also realise that saving doesn't increase your wealth but investing does. When saving you're putting your money to rest but when investing you're making your money active to make more money for you.

I agree, but let's look at the canvas more widely. Global economies depend on fluid, fluctuating fiat currency, despite its shortcomings. The switch from gold-backed to fiat was a paradigm change that increased economic freedom but decreased stability

Bitcoin is both an asset and a warning about fiat's fragility. It's a shelter from inflation. It's important to disprove the idea that Bitcoin is the cure-all. Financial wisdom is based on diversification. Bitcoin is one asset in a portfolio, but it shines

Saving vs. investing is about perspective. Save in money and anchor in rough waters; invest in Bitcoin and appreciable assets to achieve financial sovereignty. Still, a smart pilot knows that the ocean is unpredictable and steers with a close eye on risk management, diversification, and the long term