Post
Topic
Board Economics
Re: Saving don't make wealth
by
RockBell
on 17/03/2024, 21:37:34 UTC
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.
How much will you save to end up being rich, and the way money loses its value keeping it for a very long time might not even serve its purpose again, and since bitcoin is there to cover up and keep up with every inflation coming. true that saving will not make us poor but it will make the money lose its value it is better to invest it into something that will bring more profit.  if you invest in bitcoin any money you get there you can invest it into your dream business. and since savings are like upkeep cash for an emergency saving is good for such purposes. the only problem I have keeping the money is to invest it instead of keeping it dormant in the account.