Quote from: SOKO-DEKE on December 23, 2024, 03:37:42 PM

Quote from: Issa56 on December 22, 2024, 09:41:28 PM

If you are making money, then you are supposed to have an investment. I don’t think you are supposed to be spending everything you are earning, always have some percentage that you will be investing, and it’s going to be growing. Whenever you are in need of emergency money and you have no way to get money from, then you can decide to take from the investment that you are having. We are supposed to always have a backup, that’s the mistake some people are always making, whenever they are having, they don’t always think about investing, they just spend everything at that moment.

Honestly, investment is important because it may be someone's hope in the near future. However, many people forget to invest as they are making money, especially when they believe the money will keep coming.

The truth is, there may be time when someone may not have the strength to go out and work to earn money. If a person invested well during the days when they were earning, those investments will become a great help to them.

When someone is making money, the best plan is to invest a part of it, rather than spending it recklessly to compete with others. There are people who now regret their past decisions because, while they were making money, they failed to invest. Today, they are no longer earning from those sources and have nothing to rely on.

It should be noted that investing means we can make a profit but also lose money, any investment has risks and the higher the profit, the greater the risk and vice versa. It can be said that investment is very important because it can help us change our lives in the future, but to do that, we need to be careful when choosing assets to invest in. Don't invest blindly and greedily.
Besides, we should have savings for emergencies, don't just focus all on investing because as I said, investing is risky. What if our investments lose or even disappear because of our wrong choices? Savings accounts are also very important in today's era.