Quote from: Barikui1 on January 30, 2024, 04:01:27 AM

Saving our hard earned money have never been a bad idea, but their are certain things we 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, so that inflation wouldn't eat it up.

Of course, investment is very much better than saving, especially during this crucial era of inflation. Saving in this time is very risky due to world wide inflation. When you engage in savings, you don't expect increments or profits from your savings but in time of investment there is a very much possibility of gaining at the end. The only factor to consider is, one should be careful on the kind of business to invest in. Also to be able to at least master the business and how and when it inflate and deflate.
And also, the money you want to use to invest shouldn't be the one that would be used very soon.

Quote from: ajiz138 on February 25, 2024, 07:55:21 AM

Quote from: batang_bitcoin on February 24, 2024, 11:58:05 PM

Quote from: MissNonFall9 on February 23, 2024, 01:40:50 PM

Some savings are necessary in life as these savings will be some recourse in your old age. But of course, investment should be given priority over savings. According to me, investment should be prioritized for four reasons.

Yes, investment should be given priority over savings, you can also save in case of unforeseen circumstances that might come up suddenly. but in time of profits, investment is number one. in investment, you should be cautious of the damages and risks involved in the business you are trying to invest in.