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?
No wonder teacher or lecturers are not wealthy due to their this mentality of thinking we hardly finds out a very wealth teacher across or locality.
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?
Well, we are still making savings here in the crypto or bitcoin industry that we belong to, right? The only difference is that the investment we make here is combined with savings.
In what way?
Of course, once we hold any cryptocurrency here or bitcoin, there are chances that its value will increase while the waiting period passes, as long as we are sure that it has potential.
And because of the increase in value as it goes by, this becomes our savings in the future.
I totally agree to to what you are saying, because what most informed people are doing right now is to hold their savings in Bitcoin which create the opportunity of not just making profit out of it, but also as a means to fight inflation, since Bitcoin is an asset that appreciate in value overtime, unlike the fiat that is being eaten up by inflation.
And as for the civil servants and most private workers, it's only few people that are aware of what's going on around them, some knows that inflation is eating their savings but don't actually knows how to go about it in curbing that menace going on in their finance, because they are uninformed, that is why I really do appreciate this forum because the knowledge I have gained in the past few months I have been in this forum have really been helpful in my decision making financially.