Quote from: G_Besar on July 13, 2025, 05:55:46 PM

Quote from: @boxexchanger on July 11, 2025, 09:51:26 AM

Quote from: kotajikikox on May 21, 2025, 04:04:26 PM

...

You’ve raised a very valid point. Saving is important, but by itself, it rarely leads to financial freedom. In today’s world, simply cutting expenses isn’t enough—growing income and making smart investments are key to building long-term wealth.

With the current economic climate, which can sometimes be very uncertain, it's clear that everyone needs to think intelligently to build wealth and financial freedom for themselves. Simply saving without a clearer goal, such as investing or other businesses, won't be enough to make someone rich. Because the money saved can also depreciate in value when the prices of all the things we need experience significant increases, smart people today are only saving to be able to implement their own plans, such as investing in Bitcoin and starting a popular business, so their money can always flow smoothly.

Well spoken, only saving can never be enough. Saving without investing wisely can also lead to poverty, you most invest into things that can add value over time, things like bitcoin, landed property etc, all these multiple in value over time.

Have had a situation where someone saved for a very long time without investing and eventually problems came and claim all the funds he has saved all this while.
So my advice is that while saving make sure you draft out a solid investment plan that will be executed after you might have hit your savings target.