Post
Topic
Board Economics
Re: Saving don't make wealth
by
Essential10
on 21/03/2024, 16:15:19 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.
 
I think savings and investment have two roles in a person's life.  Both saving and investing are part of future planning.  People learn to invest from saving.  In my personal life I first had to save and from the saving part I learned to invest.  Your savings account won't do much to help you grow your wealth when you save.  Investing goes a long way in life.  For example, if you save your money monthly or weekly in a bank account, similarly if you continue to use the monthly or weekly method of investing, such as investing in valuable bitcoins, you will surely grow your money in the future.  Getting rich can go a long way initially.