Quote from: Republikcoin.com on Today at 08:09:36 AM

Quote from: macson on Today at 01:29:53 AM

Don't keep too much of your wealth in cash, that's what many successful investors and the world's rich people say

so far i only have a little fiat money that i put in the bank, the rest i put in the form of investment assets ^{(crypto, stocks, gold)}

what i need now is just consistency because if i continue to consistently do my current routine then in the next few years i will get a multiple profit from the capital.

agree with your view because keeping too much wealth in cash will not be productive. So it is necessary to have a view of how the money we have should be more productive where investment or running a business is a much better decision. Rich people think about how their money can work to produce multiples and people who like to be in their comfort zone will save money and do nothing. This is a big difference and level of understanding in making money because what is done will determine the results as long as they understand any process that is carried out. If investment is done consistently, the results obtained will also be good as long as people want to learn how to run investments properly.

Saving money for years in a bank account can worsen your financial value from the impact of inflation, even though your money does not decrease from its previous value, the exchange rate of money will be lower due to inflation worsening the price of goods and services, all types of food increase and even some people have to go hungry because the financial conditions they save are not enough to buy daily food needs, so we have to find other solutions to diversify cash in accounts into several types of parts for assets, gold, crypto and property, investing will be very profitable compared to holding cash in bank accounts.