Post
Topic
Board Economics
Merits 1 from 1 user
Topic OP
Why we should prioritize investment over saving
by
Barikui1
on 30/01/2024, 04:01:27 UTC
⭐ Merited by fillippone (1)
Saving our hard earned money have never been a bad idea, but their are certain things wey need to consider before thinking of saving such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it for inflation to eat it up.