Post
Topic
Board Economics
Re: Save money today so money would save you tomorrow.
by
Youngkhngdiddy
on 17/02/2024, 22:49:26 UTC

But will you keep saving when there's a better way for you to secure tomorrow which is by investing? Investing offers a better option to me than saving because in saving your money may be losing value due to inflation but when it comes to investing the money is building value against tomorrow. Do not save without investing. If you want to have things easier for you tomorrow then it is better to make sacrifices today to make good investments that will be profitable for tomorrow.

If you start investment at an early age you will be able to retire early when you're old.
Well your opinion is not a bad idea, cause investing money on good investments that could yield profit is one of the best way to double one's income or make more money, I think I really like this idea of yours where you said do not save without investing, but I also think it's not about just investing but investing on business areas you have good knowledge about.
 Take for instance a case where someone end up using the money they've saved up for a long period to invest in a business they have no idea about they might end up losing and that's not wise. But it would be better to make proper research about a business or investment before venturing into it, by then you'll be able to  know if it would you loss much or make more profit. Starting an investment early is not a bad idea but one should make sure they're ventiring into the right investment.