Quote from: wmaurik on Today at 02:11:13 PM

Quote from: Hamphser on June 20, 2024, 09:25:40 PM

Usually savings is really that something that could be used as emergency funds but we do know that it could really be able to have other purpose as well on which it could really be used on investment or business purposes on which it would really be something that give out that kind of advantage in compared to those people who had neglected out on having those savings. They would really be only seeing its importance
on the moment that they would really be experiencing those bad conditions but on the moment that they are still doing well and not facing up any issues then they wont really be mindful about this matter.

People who only care about saving money without thinking about turning the money into business and investment will also face difficult conditions someday. Because those who only save money will be defeated by inflation conditions or by increases in the price of goods which in general are always difficult to experience a decline again like before, making their savings not have much value except only to face emergency conditions in a few days. So the purpose of saving must also be clear, as you have said, because for me using savings for things related to investment and business is a pretty good decision.

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On the moment that you do see yourself on such tough condition or situation in terms of finances then you would having that regret but well this is something that will really be
be letting you realize on how important it is. If you are really just that sensible on the things around then this is something that you cant be able to forget.

Nowadays, everyone must always be smart and sensitive to whatever they see in order to continue to adapt themselves to the environment and developments in this increasingly advanced era. Because believe me, saving using the old-fashioned method will not bring anyone more wins now unless the savings are used again for things like doing business in order to get more profits. And invest in assets that are more valuable and more sought after by many people now and in the future.

Yes you are right with such input on which it wouldnt really be wise that you would really be just that simply focusing on saving up fiat into your bank account without having those considerations on making it use on investment. Somehow not all people would really be that risk takers and this is why on the moment that they will really be that making up such consideration about not to tend to make any investment
and would really be just that accepting about that inflation effect into their savings then its not something that will really be that huge even if we do speak on year to year basis. This is why they are really that still confident that they could still withstand even on how many years that they would really be tending on saving up on fiat form because they are really that afraid on taking up risks on making up some business or investment.

We are all that targeting on the same goal on which we do have that financial freedom on which we know that this isnt something that to easy to be acquired or would
really be able to reach on or make it happen. It would really be that according into your plans and on how hard you do work for it.