Quote from: DabsPoorVersion on March 16, 2024, 10:31:06 PM

Quote from: bitzizzix on March 16, 2024, 07:48:18 PM

Of course saving is level 1 to becoming rich which we have to do and that's what I think, and like it or not we have to pass this level first.
Indeed, saving does not necessarily make us rich because the money we have will not increase unless we add it ourselves and perhaps the problem is that its value will be eroded by inflation. However, saving will not make us poor or difficult when we face financial problems in any case.
And by saving we can also invest according to existing skills such as Bitcoin, shares, property, and so on. So saving is a very important basis for various things, including investment.

I agree with this, saving will always be the first step for anyone who has difficulty raising enough funds to purchase something or to use as a preparation in case of emergency. But I don't agree that saving will not make us poor and help us every time we face financial problems, this will only be a cycle of saving and spending for the needs/emergencies if we solely focus on savings. We will only be a slave to our job by doing it. We should focus on achieving financial freedom and we need to learn where we should use the money we saved and not only for emergencies.

Having savings will of course really help us in facing difficult times in terms of finances and also be a preparation for a good future and by saving we will be able to prepare ourselves if we really want to make even more profitable investments, but when we realize that by Saving really helps us in meeting emergency needs, so it would be better for us to use some of the savings we have to invest because no matter how much savings we save, when inflation occurs, the savings we save will decrease in value when we spend the savings we have.