Post
Topic
Board Economics
Re: Saving don't make wealth
by
stomachgrowls
on 27/03/2024, 21:18:14 UTC
That's a very good example, Lambo is a shrinking asset that every year the price will continue to slowly disappear. Investing or saving is a wise step to increase wealth or become a financially free person. It's true, we have to be active learner to be wise in managing the money we have, and the learning process will not be easy. Even though I get a small profit, I think there's no harm in starting now.
A person's attitude in making decisions towards financial wealth must have the criteria that must be carried out and if people do not dare to take risks and nothing is at stake then never expect to reach the desired wealth stage. Investing or saving has a different meaning and investment must be done responsibly so as not to lose money because of the decision error taken.

There are many investments that do not produce because people do not master the way and that is why when people undergo investment have considered their decisions well. But without betting and not daring to take risks there will be no results we can get. Especially if someone does not have a financial resource in carrying out investment then to achieve financial success will be much more difficult.
There are people who are really that afraid to take up some risks and they would rather be sticking into that play safe kind of method on which we know that it isnt really that bad on having that kind of confidence or security but we do know that its not something that we can be able to see ourselves in speaking about having that progress in life. It all matters about contentment on which we know that there are people who cant really be that contented on what they do have now.This is why they would really be deciding on taking up some risk because they do know that there's an opportunity or chance that they could make themselves that more
better in terms of financial matter.

Savings doesnt really give out that kind of wealth as long it would really be just that simply stored or keep on bank on which we know that inflation could really give out that kind of less purchasing power
as years goes by which is that it would be better that you do put up on a business or investment on which you could really be able to make yourself that having such progress.