Quote from: erep on June 22, 2024, 04:14:10 PM

The influence of inflation can affect all financial aspects including savings and investments, which also experience the impact of a decrease in value, but investment in crypto is not affected by the impact of inflation and is proven to have the highest value growth prospects during inflation in 2024. In my opinion, the main priority is to allocate a high allocation for crypto investments because they have clear long-term profit prospects, another portion must be allocated to savings for emergency needs to avoid depleting investment assets.

Because of this, I have been investing more in crypto such as Bitcoin than investing in other things, even though I often pay attention to other things and don't ignore them as long as they are still good enough to be taken as investments. And the rest is for monthly savings after I allocate a small amount for daily expenses that I use myself because currently I don't really rely on savings to support my life even though I also save for my monthly needs and also to increase my own business capital.

Quote

We have to look for ways to increase the value of our savings, because saving will have an impact on inflation and higher prices of goods will reduce the value of the allocation for savings. The main way to convert savings into capital for business is to make sure you have adequate business knowledge to manage a profitable business for the future, determine a good business plan and always evaluate your business development to improve quality and service.

There are several ways to increase the value of our own savings at this time and one of them is by starting a business and increasing the business network more widely in addition to setting investment as the ultimate target in life. And I think what you said is clear enough because a profitable future is a future that is built and nurtured well from now on. So the problem is not only about saving, but also about increasing the value of our own savings as long as we still have the ability to do so from now on.