Post
Topic
Board Economics
Re: Lessons learned after striving to save money at the age of 30.
by
Iranus
on 10/07/2024, 14:27:44 UTC
Saving should not be underrated since it is through saving that we can gain funds to invest without borrowing the capital. Of course, we shouldn't stop with saving alone but use it as an edge to invest. When the time our investment turns into a success, that will give us bigger opportunity to save more funds so we can prepare for a bright future ahead, otherwise saving alone won't get you that far from the time you've started.

That's right, for people with low incomes, how can they start investing without having some savings first? Also, is there any guarantee that our investments in stocks and bitcoin will always bring profits or will there be times when we have to lose money because of market declines? In such times, saving will work better as well as in emergencies.

Many people keep talking about monetary inflation, but is inflation so great that it causes the value of our currency to decrease by 10%-20% in a day or a month like bitcoin? Saving in the long term is a bad idea, but in the short term or in an emergency it is extremely important and useful.