Post
Topic
Board Economics
Re: Saving don't make wealth
by
fuguebtc
on 23/03/2024, 17:40:34 UTC
Believe it or not, our parents always advise us to save and there is even a saying "that saving is the source of wealth". We often hear this advice from our parents and they always remind us to saving, saving and saving.

Saving does not make people richer, but by saving people can build a business to develop financial potential. If they have enough money saved, they can make any business for the financial development stage and perhaps that is the purpose of saving as the basis for wealth.
Actually all parent not familiar with investing will prefer or advice their children for saving money than investment, most of them scared with investing make us loss. I don't sure with saving can build up the business and develop financial condition behind how drastically face inflation years by years, better change saving to investing not only our save the money from inflation but also we can earn much profitable than saving.
You can compare when holding our money in fiat is not worth yet than investing in some investment kinds despite in cryptocurrency or stock, can earn profitable and increasing our capital exactly when investing in cryptocurrency huge drastically pump year by years since investing on the right moment.
What if your investment loses money? Have you considered that scenario? Saving will not make you rich or help you fight inflation, but it will certainly be the best solution if you encounter difficulties in life. Investing is a way for us to improve our income and life, but investing always carries potential risks, and can even lead to bankruptcy . Regardless of the financial market, making a profit is never easy. Frankly speaking, I see very few winners and most of them just losers . Saving and investing are both equally important, so balance things out.