Quote from: livingfree on February 13, 2024, 09:44:18 PM

Quote from: invo on February 13, 2024, 07:22:16 PM

That's what other people find it hard to understand. Investing your money is a much more profitable approach than simply saving it. Money should be utilized to generate more money, rather than simply being stored away for years without any growth. Failing to make use of your money means you're missing out on potential earnings.

It is going to grow in itself if we invest it to a known investment that we are aware of that will generate us money. But here's the thing, people who are saving probably have thought of investing it.

Let us correct that kind of mindset, Investing doesn't work like a magic wand that generates money instantly. Even if you invest in a popular asset, you still need to have a good understanding of the investment and the necessary actions to take in case of unexpected scenarios. It's crucial to educate ourselves and make informed decisions when it comes to investing.