Post
Topic
Board Economics
Re: saving vs investing - minimalism vs frugality
by
Casalania
on 19/02/2024, 15:17:36 UTC
It's part of life; in fact, it's better to take risks in an investment or business than to do nothing. At least you have the chance to change everything in your life, but when the bad part happens, it's up to you to decide how you will cope. Will you just be disappointed and sulk forever? Life is a continuous challenge; don't expect that investing in or starting a business will guarantee you a better life. So instead of being disappointed, learn from that experience so the next time you engage in an investment, you know what to do and not do. I get it; it's hurtful and very devastating if you lose money, especially if that is your last money or hard-earned money, but what can we do? We can only move forward and try again. Because if not, then you are wasting your time just to feel disappointed and sulking.
That's true, which is why it is always advisable to have a backup plan in place before investing your money. Don't make hasty decisions without careful consideration. Only invest an amount that you can afford to lose, or invest only if you have extra funds available to cover any potential losses you may incur during your initial investment.