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You don't have to be earning $1m before you be rich you can have that amount and if you don't have a good investment platform it's very possible that you'll return to the broke stage you left. The importance of investment is so clear that I get shell shock when I found out many people don't even have an idea about that talk more carrying out. For instance covid-19 took everybody unaware many lost their job, financially people and organization was affected, but let me tell those who had a good investment platform will not be affected that much, many think you need a huge amount of money before they could consider doing investment.
You can stay with a little but if you can discipline yourself couple with you having a good investment platform that implies you're already planning for Future.
The role of investment can't be over-emphasize, we all should  cultivate that habit and most importantly we should read to k or consult an expert so you can be assured you're doing a nice investment.

I understand the title of your thread but when you go on to explain it I don't understand you very well. It seems to me that you beat about the bush. I would summarize it in that if in the future you want to be better off financially than you are today, whether you want to be rich, a millionaire or simply have economic stability, what you have to do is invest in financial assets. Since we are in a Bitcoin forum, to say that the best seems to me the Bitcoin, but try to have at least a paid house, and you can add something from the stock market, stocks or mutual funds.

Anyway, buy assets. If you want to be poor, just spend all the money.

I assume that is all about the financial management if you become millionaire someday may be by chance Or after very hard work.
While I was reading your post I suddenly remember the story of one guy named Mr. Sushil Kumar from India who became millionaire overnight. Well, he was winner of "Kaun Banega Karodpati" (English Translation: "Who will be the millionaire") show hosted by Mr. Amitabh Bacchan.

Sushil Kumar won 5 crore INR i.e. around 50 million INR in Indian currency.

With this much amount you can leave hell lot of lavish life! You can stay in 7 star hotels whenever you want, you can travel the world twice or may be thrice if planned well.

However, this guy lost everything in just single year.

Surprised? But it's true. Because this guy had no plans, no financial management pillar and neither he took advices for setting up investment plans from anyone.

He spent more than half of his assets on the Charities BUT, turned out he was scammed by fowl charity institutes who knew he had won the money from KBC show.
The story is worth reading and you must take lessons from this!

The whole Story: KBC 5 winner Sushil Kumar reveals how his life turned miserable after the show (https://www.indiatoday.in/television/reality-tv/story/kbc-5-winner-sushil-kumar-reveals-how-his-life-turned-miserable-after-the-show-1721993-2020-09-15)

you don't have to have a big house to be considered financially stable. you can be a minimalist as ever but still have the money that you won't have to worry about if anything happens to you or your son/daughter, you can assure yourself that you can give them a good education and health program.

just be good at whatever you have started before you get into investment. if you are a cook then be the best cook that you could ever be and serve your customer's order while you have an investment too. don't retire all because you have $1M. $1M is just a small amount to spend so don't tell anyone you have that amount. money can all be gone in just a day if one night someone robs you.  the important thing is your peace of mind and not worrying about anything and that can be an economic stability.

I fully agree, if we can't make 10,000 USD grow than we probably can't grow 1 million either. We need to follow a strict investment plan to protect our funds. The only difference is that with 1 million we could outsource the investing much easier. With such kind of money we are a complete different customer to the bank than with our small portfolio. But even if we have an investment manager we need to understand the basics so we don't get scammed.

invest for future perks, that's the important point implied in your thread. because all refer to it. when you have money and prepare for old age, investing is a way out to meet financial needs in old age.
however, not a few of them invest, but ultimately cannot enjoy the benefits when they are old, due to the wrong choice of targets to invest in. so to plan your financial needs in the future, you have to really know where your funds will be invested.

must be clear and know the potential in the future.
and for me the right answer remains in Bitcoin.

Investment is an essential part of life that many people failed to see. Some never planned or did any of it just because they are scared or clueless but little do they know, they are missing out the thing that will secure their future. Some ended up being a slave by the people who are on the top just because they chose to cage themselves on a never ending cycle of earning to spend. If only everyone is aware and willing to know the importance of investment, the poverty rate will surely decrease a lot but unfortunately, there much more people who settled for less and only thought about how to spend their money tomorrow without thinking what will they have to spend in the future.

When you talk about investment, one thing coming to my mind is
the kind of investment you do.. I know many old people now who invested in their young age but now that they are old, they can't point at any of those investment they did back in time past. They have nothing to run to because some of those investment they did couldn't stand the times but to disappear into tin air. I know many investing into transportation where they have no knowledge and no skilled person to manage it and pay returns to them and that is the issue.

Many investors only rely on their own knowledge which is not enough and they jettison the advantages of partnership. Also, some investment need some insurance policies incase of circumstances beyond human control and eventualities like arson, accident etc. This brings in the government in your investment because some want to avoid this because of tax etc but it is important. Businesses or investments like transportation, banking, estate and properties require that we tie them up with government and insurance companies incase of challenges that will always come in investment.

However, such kind of investment like cryptocurrency does not give much challenges if you are only hodling for long time because your sole aim is to sell off at high price and I advise is a kind of investment good for old age.

Young people therefore should learn to run under quality investment and learn from the mistakes of older people. A wise man learns from people's mistakes.

Investment isn't risk-free as there are many market crashes, so it's not a miraculous medicine that can cure all your problems. To have stability, you need a continuous stream of income. $1M is not big if you think it is the accumulation of income. Let's say you need $10k per month, and it will only last for 100 months.

In a scenario when you put it on investment that yields a 5% yearly return, your income will be $50k per year, far from the hypothetical expense of $10k per month. And all that will be different if there is a market crash.

There simply aren't many people who have the slightest of financial freedom to even think about investing, let alone saving.

I do get that investing is very crucial in terms of setting up yourself for later in life, though if one is just making ends meet, from paycheck to paycheck, how could you expect them to be thinking about investing when most of their money are already allocated on something up to the last cent?

While I do agree that the problem is mostly financial literature and whatnot, I also think that the problem stems out even further because of low minimum wages. Not everyone of us lands on a pretty decent job to begin with, plus not everyone is handed the same opportunities. If opportunities are great from all fronts of the economy, then I think a lot of people would be thinking about investing and saving, and not what they'll be putting on the plate for the next few weeks until paycheck.

If you dig into the rabbit hole deep enough, you will understand that it's not that people don't want to invest or learn, it's just that most of them don't have the means to risk something to begin with.

A good investment is always a guarantee of obtaining enough benefits to get rich, one of Warren Buffet's advice is that he always took his time to choose the action that could give him long-term profits, taking into account possible fundamentals, which if They affect the investment, when you have the security of the action, you put the money and what remains is to follow up and expect benefits.

Of course, Warren Buffet gives these tips for the Stock Market, but they are fully applicable to the Bitcoin and cryptocurrency market, on the other hand another book called "The little book that still beats the market" coincides with the thought of Warren Buffet, choose the best stock to invest.

the person who invests means he has bright plans for his offspring. not least parents invest their finances in preparation for their children in the future. and we deserve to have such a plan. Moreover, with cryptocurrency we already have the right choice of where to invest for the future. however, stocks should not be forgotten, because both are very effective investments. if you have more finances, bitcoin and stocks are also very good.

Mate from the concept of business and wise thinking of expansion of knowledge into life, richness does not come from Harding working alone, it from primary strategies, plans and protocols that can activate it's prosperity, initially people mindset is that richness is what we can achieve in one day, while it comes from experience and long time planning of success, from me to be rich is plans and good channels of money to yield positively.

Many people manage their lives as if nothing wrong is ever happen to them, they sign 30 years mortgages and other similar credits as if they do not understand that a single thing going wrong can wreck their lives forever, this pandemic has destroyed many people economically, you cannot see it because those people still are to face those consequences but many people will never be able to pay their houses or their partner died and now they have to maintain a house with only one income, this is why it is important to always live way below your means so you are not that affected by events like this.

A net worth of $1 to $5 million and higher in the USA is considered middle class. Its the scene from Austin Powers where Dr. Evil tries to hold the world hostage for $1 million dollars, not realizing $1M is not a lot of money in the modern world, thanks to inflation.

I agree people don't need to be rich to invest. What is required is some experience, knowledge and addressing the learning curve. Investing is hot right now is thanks to bitcoin's big bull market. It takes no skill to make money in a big uptrend. All a person has to do is buy and hold. The important thing to remember is real traders make profits no matter if the market is trending upwards or downwards. That is a much more difficult skill to attain and perhaps something real traders will aspire to.

This being the internet and information eras. Most would do better on youtube or social media promoting themselves and their brand. Than they would trading or investing in markets. The majority of newly minted millionaires/billionaires in the world achieved success in IT or tech related sectors. Those areas are could be worth focusing on for aspiring wealth.

From a government perspective it's actually the opposite.  Investments lead to boom and bust cycles which are anything but stable.  The government judges stability by tax receipts.  Boom and bust cycles don't have the most stabilizing effect on tax receipts.  This is why we'll see in our lifetimes a push for universal income.  This will enable the government to effectively control tax receipts, which will allow them to stabilize the economy in any way they see fit.  Sure it's horrible for things like natural selection or rewarding contributions, but government doesn't worry about such things.

You mentioned "good investment platform" three times. What is its significance? You are like doing a short SEO article here.

Anyway, when we speak of investment it doesn't have to have a platform. Among ordinary working-class citizens who can only afford to save so much, many are investing in jewelries based on precious metals, real estate, small businesses, small farms, and so on. In these investments, you don't need to have a platform.

More often than not, investment is closely associated with stocks, bonds, and so on. The majority doesn't get into it in real life.

investment is usually for the long term, they prepare finances for the long term, indeed there are not a few people who plan for their children and grandchildren, but keep in mind that we have to be smart in choosing an investment field, so that later it can go according to plan. currently bitcoin is in its performance, more and more large companies believe in it, so it can be an option

I think the idea of investment is very overrated considering our human life span lmao, as human beings we are always insecure about the future, and in that heat, we forget to enjoy the present, a friend of mine who's dad makes like six figures says his dad invests 70% of his income  ??? And that's so bad. I like the idea of saving like 1-2 years of your monthly income in advance so, if God forbids, something bad happens and you lose your job, you don't have to beg to anyone to continue enjoying your lifestyle as you look out for another job, but the idea of saving for decades after decades so in old age we get to be called as "look at that filthy rich guy" is gross ;D

I do agree with the title, .ake money work for you and not the other way around am I right? I think that anything that makes you money without having to lift a finger is the end game of every person or that could only be me, because if you don't worry about money then you will be able to do all the things that you wanted to do that could've been otherwise impossible because you are slaving on that 9 to 5 jobs.

I agree.

But on the other side of the story, not all of the people has the privilege to know how to invest, where to invest, and where to get that "enough" money that everyone needs to survive and secure their future. For example, a farmer is a very industrious man, but not all of them finished their educations, meaning, some of them are illiterate and ignorant when it comes to present way of investing to earn money.

While other people have their privilege to provide themselves such things because they are knowledgeable about it since they are updated on what's happening in the upper society. My point here is you can't blame other people if they don't know how to make money on their earned money, because sometimes, what they earned in a day is only enough to feed themselves or their entire family to survive in their everyday living.

As a financial advisor I agree with a good bit of your assessment here for the most part.  Now you mention "investment platform", but I assume what you're meaning to say is a "diversified portfolio".  An investment platform would be something like TD Ameritrade or ETrade, for example. 

This is of course something I preach daily, the importance of a well diversified portfolio.  I can't so much agree to the statement that those who did have a strong "investment platform" just breezed through the Covid-19 issues.  Plenty of people lost their jobs and a lot of their savings..even if they were diversified. 

My parents have always advised me to spend some of my income on gold or try to buy myself real estate. I ignored such advice and became flustered when my work wasn't as smooth as it used to be. Unlike me, my brother already owns several low-value properties but their value is steadily increasing over time.
I am reconsidering my life and trying to save money for a long-term investment with crypto. Hope my choice is correct.

You can do both when you are earning a lot in terms of cryptocurrency, real estate is a really good investment since land is a limited resource. I mean your parents aren't wrong that you should invest but considering gold isn't in your hands when you invest in it, I would say that it is a bad idea. Investing isn't really the only key to economic stability because there are a lot of factors that contribute to economic stability and the main one is peace in my opinion.

Economic stability comes with proper planning and management, if you don't have a proper future plan it will be difficult to invest wisely or spend your earnings wisely,

Aside from investing on crypto (btc) I also like to look into real estate, made some little investment there, property investment is also very profitable if you follow the right part, it is always good to diversify, am also thinking Gold, a very stable kind of investment that will value as time passes with a peace of mind.

Unfortunately that is a bit too expensive for me, I would love to do some real estate investments as well, that sounds like a great plan but the reality is that we are not talking about something that would be low entry point and that is why I understand what it is not easy for other people like me to break into that.

I have considered repairing and selling method before, talked with some people, considered it as a whole business plan, my idea was that I would buy houses that was really really small and looked after horribly, I would buy it, get in, fix everything, made it modern looking, and then sell it. But that wasn't really possible for two reasons; One was the fact that it still required a lot of money for me to buy and fix it, secondly when a house is small (preferred small so I could at least maybe get close to affording it) no matter how better it gets, it doesn't get too expensive, so you spend maybe 20k fixing it, and the house price doesn't even go up that much.

Landed properly is also good way of diversifying your assets depending on your location, many people are into buying landed properties (the undeveloped land) just leave it for sometime to appreciate in value then resell, this way you won't spend so much rebuilding, all you need is initial money to pay, no extra cost is required,
I find this very interesting, although am not that buoyant yet.

In most of the times it does not have to have an investment platform, the investment is very broad, the word called "Diversification" always resonates, when we invest only in an asset or in a single platform the risk of failure can increase, normally people look for investments in Real Estate, Gold, among others.

Diversification in Crypto is also usually a double-edged sword, you can have the money only in Bitcoin, but some protect themselves by introducing Altcoins investment, altcoins when they rise in price usually leave a profit of more than 10% onwards when they are activate the altcoin season.

The risk that the Altcoins have is that when the bitcoin falls, they tend to fall precipitously, many times there is no chance to react to the market. Investment platforms usually have their business model index, because free is impossible, a study must be made of what is the best way to invest, according to Warren Buffet the best action is the one that can make you rich in 8 to 10 years, So you have to take into account if you want to obtain profits in the short, medium or long term. Most Investors take fundamental analysis into account, taking into account possible scenarios where the world could put itself in danger and cause the investment to fall completely to a very low value. I think that investors should do a study where they can determine if the investment is viable in the medium and long term.

And as fundamental analysis has proven over the years, as does technical analysis, according to Malkiel Burton, author of an investment book, one of the best ways to diversify is through bonds, through bonds. Digital banks, although the conditions for certain countries must now have changed, I think that investment in Gold is one of the best apart from Bitcoin due to its entire journey.

To be honest, the accuracy in this selection cannot be guaranteed because the economy of many here also fluctuates relatively large with crypto, some were probably profit spikes but some were desperate and profits were negative due to the failure, especially the results often come very quickly, a few months to a year. Considering safety, maybe you should use your savings to invest on family advice, at least those two categories won't fluctuate as big as here but a few years of waiting is the least number for good results

Well, I agree with most --it's better to learn from small as you have plenty of times to fail. Compared to doing shortcuts and losing a lot and of course, higher gravity and higher height fall. That will definitely hurt you until you can’t even survive. I agree that if you can’t grow small, don’t ever think about growing big. The greatest talent of all is building wealth. Because it is something that has to be learning in real life and I really find this thread good.
Investment, small or big is still an investment and so grow, put on the seeds and wait for them to give you what you deserve.

I agree, it is worth listening to the opinion of parents and if you want to save and increase your savings, then you should not keep all your eggs in one basket, that is, keep all your savings exclusively in one asset. Real estate and gold may not bring such an increase in value as cryptocurrencies, but gold and real estate have a fairly long history of investment, a very large number of owners and investors, fairly good fraud protection mechanisms and lower risks of price collapse than bitcoin.

what more can i say, instilling this mindset to your kids will be one good legacy that you can give to them in their lifetime. this will give them the concept the importance of money and investments. small or big, this will teach them how to handle their finances wisely.
it will also prepare you for situations that you may encounter in the future. and if you are prepared financially, this will ease things at your advantage.

My thinking is inclined to the investment of economy tokens. For a good investment it is required to choose a good cryptocurrency, you must take into account the product it represents. If it is an economy token that is backed by a product under development, you must be patient and invest in the long term. Start for a year if the earnings are as desired. You have chosen a good project that promises a good future.
It is the reason why projects and the participation of winning with staking have proliferated.

Passing the idea from our generation to the new one will be a good thing to do but be aware of the consequences of doing so. Investment breaks the idea that being an employee is a great source of income and is something that will be sufficient for our daily lives. Investment will give you more but will definitely cost you more. The risk is the thing that should always be mentioned if you are trying to convince other people regarding investments because they might not be aware of such thing and will just focus on the probability of earning the profit. Likewise with almost everything, it has its own advantages and disadvantages but I still doubt that it will trigger an economic stability since that is quite of a bigger concern.

An investor during this pandemic could also be an employee that probably has an affected company and had laid him off from his job. But what's good with that, he's prepared and he has already invested early which made him secured even though there's a crisis for a whole year around. This is why as a person, we shouldn't only rely with one source of income and learning to invest is also helping you and your family. As you invest, you're also teaching yourself a lot of things, being patient, being responsible and to keep learning. I agree that you don't need to be rich already for you to invest, this is a very misconception of many people that are in the poverty line.

Against the background of classic investment strategies that were popular before the advent of cryptocurrency, what we are seeing now is a completely different conversation. ICO is already an area where any person, even having a small amount of money correctly calculating everything, can make a fortune for start-up capital, while continuing to invest in this direction, everyone can get the key to freedom, financial stability and independence. And the most important thing is that it will not depend on the origin of a person, or on his race, skin color, or something else like that. This is a great time in which we live!

Making money with money is or at least it should be the ultimate goal of every single person, however make no mistake you are going to have to lift a finger, you're still going to need to know what you're doing and make an effort to see if every single investment that you made is still doing well, however this is a way better outcome than the alternative of working every single day of the rest of your life for someone else and getting paid a misery while you do it.

Cryptocurrency is the best thing that is happening in this modern era...
not only for the rich, the handsome, or the one who has influence. Cryptocurrency is a global investment that is available to any group if one is willing to learn and believe in crypto. *I really love cryptocurrencies and would never turn to fiat 'lol'

Good investments? After getting into bitcoin I just forget about that completely. Yeah, I forget to diversify in portfolio as well. A god investment could be defined by terms of return rate whereas bitcoin must be a highly profitable investments  if you consider any time frame which is higher than four years. I agree investment will help us to live a smooth like regardless of any economic crisis.

I may convert some of my bitcoins into fiats after one bitcoin will be having more than one million value. Because, I need some other income stream so that I would never need to sell my bitcoin for my day to day life. I am sure that I will regret for spending bitcoins for my grocery needs as what I am spending today for groceries may worth millions after few years.

besides working hard, we also have to work smart. investing is one way to achieve financial freedom when our physical abilities begin to decline, we must really prepare for this. It is very important to have knowledge of what we are going to invest in, so that we can prepare our steps properly, not just following the trend.

I thought so too. IMHO, bitcoin is more effectively used as an investment tool and trading commodity, so I prefer to hold or trade it rather than using it as a transaction tool. Of course, other people's views on this matter differ, that's fine, as long as we can maximize the current BTC function and understand the risks.
What is clear, do not miss this good opportunity, sometimes we have to take risks to get a good chance.

Investors were not or made by themselves in a day, it take decades and generations to become successful and the stability you are talking. In this 21st century we got more opportunities so the time period was reduced a lot but it is not possible in few months or years. Modern world people never have any knowledge about saving the money and investing them for long term, they just get salary and pay their bills and loan until their life cycle ends.

The importance of investing, especially in cryptocurrencies, has clearly shown, cryptocurrencies have very fluctuating price cycles, and thus the investor can in the long term make large profits from this fluctuation, for example if we look at the price of Bitcoin or Ethereum two or three years ago, you will be astonished if you know the extent The huge profits made by those who bought Bitcoin or Ethereum for only  1,000$ dollars at that time.
So I think it is still time to invest in cryptocurrencies, there are a lot of currencies that are still quite cheap and that could see huge rises in the future.

Basically you mean to say that to secure your riches is to invest it. Well you could actually be right, especially if you're not that rich and are at the middle class, with which you will definitely need multiple ways to earn money besides your regular 9-5. But you're definitely correct. the best way to preserve the purchasing power of your riches is to invest it into something that doesn't depreciate very fast, either gold, oil, or bitcoin. Bitcoin stands out because among these aforementioned assets, it's the one that's easily reachable.

To make your funds more safer, it must be followed without hesitation. If we can't build a foundation and seeking help  from someone who can guide you along the way, I think that very important to do. Once you've become productive with your trading career or an investment became sustainable together with the right person, for sure profit will come unexpectedly and you're going to grow economically.

Yeah, both rich and poor people need investments so that they could ensure their future more secured regardless of the rate of inflation they may be facing. But, I'm not sure economic stability in day-to-day life could be achieved through investments. Because, stable economy will be only possible from a regular income stream compared to an investment which is returning a good money once in lifetime or once in year and not a monthly basis.

Probably, we should invest in a manner when that investment will be maturing, we could settle down in our life with a business or anything which will be supporting us with a regular income. Yeah, I strongly believe only with regular income stream we could have economic stability and NOT just because of one or many investments and its big returns.

But the best Investment is the place where you can surely double your funds and this comes either Investing in crypto , or investing in real Business In which the best and nothing can Beat form of investing.
Yeah that is sometimes misleading , you are investing in area when you have no Complete knowledge so the thing is you just Only riding because other people is succeeding but we are not all the same.

Yeah that is what most financial adviser and other prominent businessmen says too and it may look trite, it is true because humans are designed to explore not to survive.

When we talk about investment I think people should understand that it is not all about investing your money in stock and assets, yes that’s part of it, but it should be more than that and there are lots of ways that you can invest your money and it can be in your business, any business that’s going to be very profitable.

So, when we talk about investment it is not just about the gold, and silver and the rest of them, because these ones are not going to be getting you that daily profit that you’re going to need, you need other things and your money needs to be diversified.

I believe that I must assume that what you wrote about is that investment is very important as it is the way to economic stability. I actually agree with you.
I can't remember where I read it now but I read somewhere that you can not save your money to wealth. You can't become wealth by saving up. You can only become so rich when you invest the little you have to bring you even more. Many people don't understand this because they believe investment is risky but it is actually because they don't know the right ones to invest in.
For me, I believe investing in bitcoin yields a good return

Yes, you are coming up with very good point. I agree we must need to risk into something so that we can maximize the possibility of becoming rich rather than simply saving on regular basis. Saving is good but we should invest those saving into something so that it will get chances to multiply those savings. Otherwise saving will remain as same amount and may lose its buying power over the time due to inflation rate.

Usually people hesitate to the risk in investments because they are not aware of good investment opportunities. But after bitcoins, I am making use of it for long term investment by enjoying big returns on regular basis.

That's why most of the wealthy people nowadays, even if not all, got what they are today by dint of taking risk into their hands.

However, I think that your point should be taken in the right context. If we do not take risks, we cannot become wealthy. But, it does not mean that we have to be fool-hardy in order to take a risk. I mean, should we be so desperate as to risk everything for a chance at increasing our income? Should we be so bold as to risk our well-being for a chance at acquiring more comfort?

I understand that investment is a good solution for Covid-19 or job loss. But not many people willing to take the risk in investment so that they choose the easy-going investment with low risk. And you know, low risk, low reward. Some even put their money in banks and expect to live with the low-interest rate. How hilarious

IMO, education is most important in order to raise people's awareness of investing. We are living in an era where you are able to access any brokerage as long as you have an internet connection and a computer to access the network. The opportunity is likely to equal everyone even if you are lack money. Regardless of how globalize our world may seem, the government tries to prevent investors from joining any brokerage at any cost. They just want us to deposit our money in government bonds and banks. They are obviously useless compare to bitcoin or any digital asset you can find

I think you meant "financial" stability. Not economical. Anyway, you are correct. Investment is important. Without investment, you will likely suffer and will have to work forever. Investment does indeed build you future and will help you to retire early. Savings are not enough! You saving won't appreciate in value in the long run. Better to put your money into something rather than keeping it sitting in the bank (and banks making all the profit).
Start investing from now. After 20 years, you will be eternally grateful to your self.

This is how to change mentalities, it is like a change of chip, now in these moments that the world is facing the pandemic problem, education is not the same, the approach can be changed in another direction, many are looking for a way to make money and work through the web.

If education is focused in a direction towards financial culture, towards accounting, if children learn from small businesses, we would have generations much more active in the markets and with more generation of work, it should be noted that I am Pro-Kiyosaki, what which is a great mentor for me, his books are exceptional, and if the world is going through these moments it is because a change is also needed in every sense, even economically. A very valuable type of diversification in the 1970s was investing in bank bonds and saving money to generate interest, now that is not so feasible, the world is going at a different pace.

Yes, I remember my father was holding only bank deposits to generate monthly income for our living which must be the reason later on we got to suffer when banks decided to reduce the interest rate. My father got savings but refused to invest. In my country some 15 years back itself, saving money on banks for interest generation had become not feasible.

True. Investment will definitely help to cope up against rising inflation rate. Only because of high inflation, our saving will lose its buying power over the time; but when we are converting our saving into some asset and then selling that asset for profits will definitely help us to live better against inflation.

Yes, you are right that those who invested were able not only to retain their funds, but also to increase them. However, this is only if you have invested in Bitcoin or other cryptocurrencies. During the pandemic, many industries lost customers and, for example, investing in real estate was not a very good choice, the stock market was also storming and continues to storm, but for example, Bitcoin and some top altcoins showed excellent growth. However, you must understand that there is no constant growth and after each growth there is a decline. Keep this in mind and choose a place to invest very carefully.

I can't agree more. It took me more than 25 years to understand that being rich isn't about spending a lot of money. Luckily, I changed my mind.

Investment is one way to earn more money but you need to leave your money for a long time before reaping its profit. Being able to learn about Cryptocurrencies is also another way to be economically stable but you have to be smart on how to earn things here. There are many opportunities to grab so that we could earn and those opportunities depends on us if we will pursue this path. Investments are great but most financial companies have the risk of losing all those over some scandals that they do not foresee. Better make sure and DYOR before doing this investments.

Exactly, in the book "A random walk through Wall Street" Malkiel Burton recommends that a good diversification also consisted of having funds in Online Banks, I do not have much knowledge of how profitable it is, in northern countries and Europe banks may online offer interests that attract people, but I am sure that they will not offer interests equal to or greater than 24% per year, and if they offer protection against a possible downturn in the world economy. The best current diversification I think can be the investment in Gold in physical and Digital, Real Estate, since crypto is very large, it could be divided between Bitcoin and at least the 5 coins of the Top of CMC, since in any world event it is you must take into account possible electrical and internet failures.

Yeah right the title was misleading but the content wasn't that straight to the point although investments can lead you to a good life it can also lead to your demise It's your choice I guess if you want to invest on something that can give you lift from your current state then go for it. Also be careful when choosing where and what you're going to use your money for.

Investment is the right way to go about gaining stability in your financial situation but in most cases, it doesn't end with just you investing in what ever platform or business endeavour alone. There is a part to killing an investment and that is the management. Should you be lacking in the necessary expertise or knowledge on the managerial strategy of an investment of interest and you don't have the necessary resources to hire an expect to manage the investment, then your heading to a doom. As much as investment could save you from financial difficulties, your best way out still lies with your ability to manage the business or investment package properly.

Investment  is truly the way to economic stability, no doubt there are so many people in the street who where rich but later became poor because no standard investment was made or there couldn't manage their investments properly, so many worked so hard to become rich while some got rich by chance but it's so certain that a rich guy without an investment will go broke someday because he is spending from what he has already and no income  to replace what he has spent. Another problem there is most people get scammed where looking for investment platforms but thanks to crypto which has given us opportunities to invest and earn good profit, tho there are risk applied which makes it mandatory to learn about crypto before jumping in.

People are starving, people are having conflict and difficulties and surviving everyday due to unemployment.

I think that investment is the way in order for us fight inflation and economic crisis.

Financial stability is what we need right now, we need to make a way and seize every opportunity as much as possible just like what crypto investment is.

In the current situation where there is an economic crisis and the number of unemployed is increasing, it makes us have to invest properly.
Because investing in the right assets can help the economy, that's why those of us who are familiar with crypto and investing in crypto are
among the lucky ones. Because crypto performance continues to rise and provides profits for investors, it is unlike other assets which are
very unstable and tend to decline. If the investment we make is right and that investment can be used as a source of income, it should be
the path to economic stability.

Some people can be lucky and get money, but the way they will handle it what will determine their future.

There are people who don’t know how to manage money, the first thing that comes to their mind when they get money is how to spend it, they start thinking of cars and bikes and new phones, and the best restaurants to go spend money, and before you know it they have squandered the money they should have used and invested properly to change their lives once and for all.

This kind of lifestyle is what I see as stupidity, it’s very bad when people are not thinking of ways to better their life and all they can think about is enjoyment. Very bad .

How could people invest if they don't have money in their pockets? for sure they can't do this and they will starve to death if they will just rely on the relief of the governments or wait for their company to come up. Better to find good solution like create a job and post some services like delivery service to those people who needs something outside, I see this one booming also other choice is to do online selling food,things and other stuff for this maybe we can get a money for temporarily survival then if there's extra then we can use it on investment.

I believe in this as well but unfortunately it is not something that gets addressed a lot, people understand that they need to work hard but they do not understand that working smart is also necessary, we need to find ways to keep our money safe and growing and most of the time people keep their money on a bank account that gives them no interests and that is a waste of time and money, it is necessary to learn about investments and yet very few people do something like that.

It's not that they have this mentality for a long timr, it's just that this kind of mentality is ingrained because there is no people who taught them how to be wise with money and at best, the one that they know of is just saving on a piggy bank. If we taught people financial knowledge then we will be able to reduce this kind of mentality.

Development is about bringing about a new structural change in the social system political stability is essential for the economic development of a country. Many people are not able to manage everything properly for the sake of their lifestyle If they can adopt the right way of investing it is possible to reduce them investment conversion is important at this stage of economic maturity. At this stage capital is dominated by investment in consumer goods and household consumption goods rather than production of national goods.

But that is the thing, governments are never going to give this kind of education because they like that their population is completely ignorant about how the economy really works, people cannot really expect this knowledge to come from the education system or even their own family members as they do not have that knowledge, they need to do this by themselves and this is hard as most people do not know where to begin and this is why they do not even try and they keep just working hard and waste many opportunities that could have helped them to increase their wealth significantly.