Post
Topic
Board Economics
Re: Save money today so money would save you tomorrow.
by
terrific
on 26/02/2024, 15:48:34 UTC
Instead of saving why not invest it, saving money doesn't give you profit and the value would decrease as the cost of living is constantly increasing.
It is because there are people that can't take to invest. They're okay with deposits and savings but they can also earn a bit of interest from that. Not that much but it's still a return for them and their purpose is just to save.

What I am doing is I am holding or saving for a month and at the end of each month the money that I've save would be put into investment or I would use it to buy crypto and hold or stake it.
We've got different style of how we're going to use and keep our money and if this is the approach that works for you and most of us, we'll just continually going to do that because we know how effective it is. And those people that are scared of taking risk, they don't have to dive in with two feet on it, just try and see how it works and if it will work for them.