Post
Topic
Board Economics
Re: Saving don't make wealth
by
Casdinyard
on 24/03/2024, 22:31:33 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.
 
Saving is definitely good, but as you have implied it's not the answer to everything, especially if you're looking to build wealth. Making your money work for you is going to be the best way for you to slowly but surely earn that millions of dollars, and as I keep saying it doesn't even have to come from crypto, there's a large selection of choice, from stocks to bonds and even real estate! There's a plethora of choices for you to start your financial journey.

If you're looking to save, let it be for an emergency, or to prepare for a massive purchase you are looking to secure. Saving works best when it's planned ahead and not done for the hell of it cause when you have a clear goal in mind, you're set to it and you won't let feeble distractions stray you from the path you are looking.

And if you have the opportunity and the financial capacity to, look into saving as well as investing all at the same time, having both of these ensures that you are secured in every financial aspect of your life, for the unthinkable and the foreseeable future.