Quote from: |MINER| on Today at 07:56:21 PM

Quote from: Teraboy on Today at 04:27:00 AM

The word saving equates to giving money into custody for no interest at all these days.
People should consider investing to be the new saving. Bascially you are losing money if you don't invest and if you are losing money you ain't saving anything buddy.
That's why people need to wake up and invest.

Didn't you heard the says "Don't put your all egg in the same Jar"?

No matter how much we say that saving these days is almost like putting money in custody without interest, but we still have to remember that there are many differences between investment and savings.
The main difference is that if you save, even if it does not give you interest, at least there is no high possibility of losing your funds, while in investment there is definitely a risk of loss, and if it is a crypto investment, there is also a possibility of complete fund loss on the wrong investment.

And just imagine that you invested your entire life savings in a new scam project, and what your future is going to be like.

You have a valid point. While investing creates opportunities to earn, but investing all your life savings could mean a total loss if you end up at a wrong investment. The key here, learn to invest an amount that you can afford to lose, not the total amount of your savings. That way, you are reducing the risk from losing all your money.

Let there be sufficient amount for savings and investment. They should have separate funds. That’s one way to manage your finances well, and not by risking it all to such an unguaranteed investment.