Post
Topic
Board Economics
Re: Take care of your money and learn to save.
by
uswa56
on 13/06/2024, 11:09:11 UTC
From my experience seeing the condition of society, there are lower, middle and upper economic classes. The middle to lower class will find it difficult to save because money is always used for necessities. For the middle to upper class it is also divided into 3, spending money on lifestyle, business and investment.

And if what we are going to discuss here is how to take care and save money, then the most appropriate choice is to buy a plot of land. It will always be profitable even forever. We also don't need to bother paying administration every month, and only pay annual taxes.
Some middle to lower class people will of course prioritize their daily needs compared to saving because the income they get from the work they do is not enough to be able to think about saving and investing and they can survive on the income they get, however if they have enough income, of course they will be able to try to set aside part of the income they earn to save and even invest, and some of the upper middle class will of course be able to use some of the income they have on things that can benefit them as you have mentioned, but if they are not good at managing the income they have, of course they will spend more on their lifestyle and not think about their future.

By buying a plot of land, of course this will benefit us, but we have to have a lot of money because the current price of land requires a lot of money to be able to buy it and if we really want it, of course we have to be patient in saving so we can own land.