Quote from: stomachgrowls on March 27, 2024, 09:18:14 PM

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.

Actually, what makes people afraid to take risks and most of the answers we will hear is because they are afraid of losing money on certain methods. Even though wherever we are, the risk is quite close and it is something that will definitely happen, but maybe people don't have a plan to minimize the risk so they don't dare to get out of their comfort zone. If someone doesn't dare to take risks then they will never know whether they are successful or not because they don't try.

Controlling risk and having a plan are two important things, especially when it comes to investing. It's not much worse when people never want to try because they will lose their chance of success. The most important thing is that before we do something, we understand what we are doing and the risks can be studied so that they don't become more spread out and lose money.

Quote from: stomachgrowls on March 27, 2024, 09:18:14 PM

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.

The nature of savings is definitely not used and that means the money will never be productive in generating profits. It's best to use percentages, run savings, run businesses and investments so that the money we have will be much more productive in generating profits. Because savings are also needed because we cannot predict the urgent needs that occur in life. With savings, we can use them when needed, so that we have plen when faced with the problem of urgent money needs.