For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?
Just to put it out there...In the world of crypto, saving money as a hodler in form of crypto is as good as an investment, and in the fiat world saving might mean either gaining or not gaining an interest on your principal amount ..but do any of these amount to extreme wealth, well I think let's just say your input determines your output...if you put in a tonne of money expect a huge return, while if you put in peanuts expect to get small returns.
For long have been around here seems like people who belongs to this world think much of investment than savings while the real world focuses more on savings but if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.
What do you think?
Honestly I think investment and saving are all the same at the end of the day, it just depends on what terms you negotiate for.. for example you can save your money with a bank at an agreed rate of return and treat this as an investment, other's will save money with a bank with no interest received which is why I said it all comes down to terms agreed and the alike which doesn't make it different from an investment.