Post
Topic
Board Economics
Re: Saving don't make wealth
by
jasonjm
on 20/03/2024, 15:57:18 UTC
Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Timely investment makes people wealthy. Investment is the way forward because inflation is increasing and purchasing power is decreasing. Saving will not make you rich but investment will. Invest in Bitcoin when it is cheap and hold it for at least 10 years. Trust me, you won't regret it. Investment in offline assets is also important. Buy some property, Gold, and Silver, and invest in stocks because the continuous devaluation of $ will impact us big time in the next few years. For the future, you should also have some savings in the bank for rainy days.