Quote from: leonair on Today at 05:23:39 PM

Quote from: Barikui1 on January 30, 2024, 04:01:27 AM

Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that inflation wouldn't eat it up.

Yes, it is foolish to save money according to the inflation of the country's money because it reduces the value of our money. so making the investment will be a very good decision for us. Although investment is very risky, if we can accept this risk and invest in the right place, we can make huge profits and save ourselves from inflation. so I personally think that investment from savings is the best idea to maintain the value of money as well as earn money.

Exactly, currently there are many investment media that provide very profitable offers, what is really avoided is investing in local currency or paper currency, I prefer to invest in property, gold and the most important thing is Bitcoin. I really believe that the three types of investments that I have chosen will provide many benefits when saved for more than the next 20 years. I am also very sure that inflation will not have an impact on these three types of investments.