Investments are fun, but they're not everything, right? I know saving money isn't as exciting as bitcoin. Your savings account is your safety nett, guy. The punches of life hit you. Unexpected costs? Job lost? Wow, savings saved you
In no way am I anti-investing. Good tool, but only one in the toolbox. Right? You wouldn't build a house with a hammer. You must diversify your finances. Don't wager everything. That dollar-cost-averaging thing is sensible and consistent, but not magical. Research and comprehend the dangers. Buying in bits doesn't make you invincible. Yes, invest, have fun, but remember the basics. Budgeting, debt repayment, and savings are the cornerstone, dude. As in martial arts, you must master the basics before throwing exotic kicks. Slow and steady wins the money race
Honestly, this is one of the right answers I've been looking for. It's not easy if you continue to consume theories that are sometimes quite floating. I agree more that someone must understand the basics of managing finances so as not to fall into a vicious circle. I don't have many sources of income, but even though I only have one source, I want to set aside some savings to meet urgent needs in the future. However, investment is also good but doesn't seem suitable for some people who have minimal sources of income.
however, this is also included in financial arrangements. Bad financial management will result in poor financial conditions. We do need to fulfill basic things such as paying for basic needs, saving, and so on. However, we also need to think about investment strategies. This will really help us in the future when we have no source of income. However, all aspects of finance are very important, we need to learn the basics so that we can meet all the necessary needs now and in the future.