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People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend. It is a fact that as long as you have money and as long as you spend money behind others people will speak for you and people will be with you but if one day you want to walk with them without spending money then you will find no one to walk with. Since money brings people closer and money drives people away, money should be given the most importance. 

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well. 

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

When you talk about money, you are talking about an essential part of life, but what you fail to understand is that money doesn't bring people in general close to you; it brings bad and fake people close to you. Why I said that is because all those that will come close to you when you have money, they are people you will find out guilty of giving you false advice and ways that you will lavish the money. So any one that will do that to you is not a good friend to you, so staying away from them is the best because a true friend will always give you good advice and also stand by you even though you are broke or rich. So when accompanying a friend, you should always look deeper into them to know who is fake and who is real.
 
Further, the solution to knowing how to manage your finances is not more than a budget, because with a budget, you are covered and will see how your finances will be going free without any obstacle. Creating a budget is so simple because it consists of the things that you will want and need, and if you do the budget, you will be able to achieve them. Even if it is not all, you will be able to utilize your income, which is the main reason for the budget.

Money's fine, I guess, but real friends who have your back are way more important.  Close friends stick with you through good times and bad. Not just when you're pickin' up the tab at the bar!  So be wise how you spend, not throwing money around just cause you got it now.  Buy things you really like but save some for later, and you'll find yourself with true genuine people who care about the real you.  And not with fake friends, who only care about your money.

Get used to living with a frugal lifestyle, so you can always have money in your pocket.  Apart from that, try not to attract too much attention from other people, you will only make things difficult for yourself because it's true what you said, money brings people closer and keeps people away.  don't brag and don't show off, keep a low profile, and also don't be too light-hearted towards everyone, see who is worthy of your help, because there are many people out there who you don't need to help, they are fraudsters.

There are some prerequisites that can safe people from financial crisis but most time people do not value this or really care about this things as they are more focused on the impression they want to make in people's life which is absolutely going to end up in not being too good. There is what people call emergency funds, it's most times neglected by most people because it has to reduce the extravagant lifestyle which is more preferable than saving to a lot of people.

I learnt some lessons that one must do what is right for themselves and not for any one. If you want to make in life you must forsake the over exaggerated lifestyle or pleasure and focus on building yourself financially which will surely attract people to you in future but people like us do want instant people to come around us once we begin to make money and at that point we try to impress them as a result over spend.

In as much as investment is important we most also know that keep ourselves healthy by getting the necessary things in life is very important. No matter the pressure we face at some point we should always make it compulsory to impress ourselves than others as we all have an individual race and not a general race.

people who criticize are always the ones who haven't achieved more than you have. It's always that way when you have money, they come forward and be on your side but when you have nothing, you are set aside and even discredits your achievements.

it's best to just keep silent when you have money and never show them your success. not everyone on your side is your friend. sometimes they are just waiting for your failures.

Exactly. Don’t try to live to impress other people and spend all your money for them, that is a very wrong mindset. Instead, learn to live low key and live a simple life, that way you will know the true people around you as they’ll remain no matter what, with or without money.

However, saving is of high necessity. And for you to be able to save a lot, make a good investment. When it succeed, you will have a lot of profits on the table which will help you live a comfortable life in the future.

If the time comes when big money or opportunity comes to us, we must be ready and know how to handle the money that comes to us, there is nothing wrong if you want to treat yourself at the beginning but don't get into the habit of being one time big time because money can easily run out especially if it is not handled properly. There are times when there are opportunities that give us a lot of money and at that time, we should have put the money we got in the right way, it would be better if we save it or use it in things that we can consider investment for when the time comes If we get stuck or have financial problems, we don't worry too much because we were able to secure money at a time when we were earning a lot.

If you still care about what people will say and that pressures you into spending money unwisely, then you are not old enough to have money.
If you do not know how to say "no" to people who always require financial help, you will never stop giving because they will keep asking.

Every opportunity to get genuine money should be taken very seriously, and when that money is gotten, the next thought process for the individual should be how to invest and not just save. Having various investments at a young age helps release the tension that the thought of tomorrow is trying to bring.

I recently finished reading the book "Psychology of money" and one of my key takeaway from the book is that, as much as possible, I should exclude myself from the rat race of constantly trying to live my life to impress others. Embracing the luxury life when I don't even need it is such a bad idea because at the end of the day, when push comes to shove; all the people I'm trying to impress won't be there to support me.

As long as the basic stuff are enough to cater for my needs and I am contented, I am good. I only realized afterwards that most things I have gotten in the past was solely because I wanted to impress people. Not again!

Money is like a magnet, it attracts people to you and that's why you need to be wise when you become wealthy. Most people that will come around you are for the grabs and when it is no more there, they'll disappear like the wind. While you enjoy your money, also try to make some wise decisions and future investments because nothing last forever. Sometimes, it might be the investments that would save you when you're at your lowest point.

Nah, money doesn't drive people away, poverty does. When you hit rock bottom that's when you'd know people who genuinely love you and who would stick with you.

Savings doesn't guaranteed you becoming prosperous neither does it adds anything to your life, do you know that if you saved 10,000,000 today in 10 years time to come that money will be worthless due to inflation although it's not all problems it would solve but at least when the money finishes without any business then you are back to square one. The best is save money only for emergency funds or I be used in few months while salary keeps going into in business it could be bitcoin investment or any other landed properties to secure your future, it could be real estate or whatever you know that would generates money for you at a constant basis.

While you’re minimizing your spending, know that you can’t become rich just by saving money. Or maybe you can but not for wealth. And temporary riches isn’t what  you want, so you need a better plan that is bigger than minimizing one’s spending.

People can be deceiving, sometimes they can be drawn close to you, or they can be cruel on you. If they know you have money, they will treat you as their significant friend, but if you have none, they’ll never be coming next to you. That’s how relevant money these days, to the extent of managing your money wisely so you won’t be taken advantage of and won’t gain fake friends.

Just how fast you got money, that’s how fast as well you gain friends, but when all you have is only yourself without money, you’ll turn into being insignificant for them immediately. So use your money for your own good, not for the other people’s sake.

It's quite funny reading this tho but why will people call you stingy? Or will you go about telling everyone how much you've got in your account? Money is ment to be spent on the important thing, money buys valuable assets, money buy fun and enjoyment, so it's the responsibility of every body on how they want to spend their money. No body will call you stingy when they ask for money and you don't give them perhaps they are not the one making the money for you, so you decide what to do with your money.

That goes without saying OP, pretty obvious advice if you ask me. Money makes the world go round and it's illogical and retarded for someone to not consider taking care of their finances when that could be the barrier for success and failure for them, it's true for the rest of us, if we don't care too much about the money that we're spending and all we do is do stupid shit with it and always give in to the temporary pleasures, we'd never be getting the happiness of long-term prosperity and we would never deserve anything financially good coming to our lives because we are too stupid to manage the money that we make.

But I think today's society is very different from before and is no longer what you think. In the society we live in, money is everything and if you don't have money, I don't think anyone will want to be with you or hang out with you. If you are an adult and have no job or money, do you think there will be someone to play with and willing to spend on your behalf every time we go out to play? And if you don't have money to take care of your wife and children, do you think they still love you and are willing to work to support you? Money cannot buy everything but money is deciding everything in today's society.

It's true that we should choose friends to hang out with and stay away from people who only like to take advantage of us. But we still need money if we want to maintain a relationship, and there won't be a relationship if we don't have money.

You don't want people who are only interested in your money and what you spend for them! It is also not a fact that people are only interested in you for your money. There are of course many who are like this but it is not everyone. You just have to find those people instead and then get rid of the others.

Saving money is not a good idea unless you are saving up to reach a target to make an investment. Because fiat currency (which you are falsely calling money) is not a store of value, it experiences inflation and if there is a financial crisis it will lose more of its value. So it should be invested to keep its value when fiat dumps.

Most people in North America live under a “debt is the American dream” and consider debt to be good. They don’t teach anything about debt in high school. And this is the reason why so many people become buried in debt as they age.

Look at how many people are paying over $1000 a month for a car loan, this is crazy. $1000 a month used to be a mortgage but now people are paying that much for depreciating assets with interest.

And it can easily spiral out of control and you can forget about saving anything when you are this deep in debt.

Every thing must have a future plan, if we forget the future plan just to be good in the present, then our future will not be good at all. The OP makes some pretty good points here, we need to think about the time. I spent enough money because I have enough money, but if there is no money in the future, then there will be no money to spend when needed. From the amount of money we have, we have to spend the amount of money that we need to spend, then we have to try to invest a part of the remaining money and try to save a part of it. If the investment can be planned from now and the plan can be implemented then this investment can change the financial status of a person in the future, on the other hand if the person has savings along with the investment then that savings will stand at the risk of the person. So you should plan with investment and savings to have time.

Saving money is great, even better if you invest it, i mean imagine people investing in 2020 when we are in bearish right after the bullish ends when we hit really sharp decline of price, we've made fortune now.
but saving also require fulfillment of basic needs before hand unless you want to take path of the rough and complicated way of over saving that it costs you your health then its a big no no.
your point about we don't know what future holds that we can be lacking money in the future does hold a point but also life need balance if you save as much money as you can that its to the point where its unhealthy i think you should avoid that.
fulfill all basic needs, pay all the bills, calculate food needs for the whole month then when there are still money lefts its for saving, I think thats the balance of life, don't forget to save some money too for you to take vacation, mental health is also crucial.
because with bad mental health it will also affect the way you gonna be planning for your future that it might causes you to make many mistakes.

Yes it's important to save money but on the same side it's also very important to enjoy every phase of life you have. You can get money at any age by doing hardwork but you can't get back the phase of life you missed.so it's very important for someone to maintain a balance between these two things.

Now what's the point to have a balance? It's because enjoying is as important as saving money so everyone has to develop a relation between these two so that they can have a good and balanced life.

You're absolutely right about this,
Someone once told me that richest and financial freedom isn't measured by how much money you've stacked up in your bank account but how connected you are, you may have lots of money but have no connection, then you're not really rich because it's not every problem your money can solve for you, sometimes you need the help of others, your friends, colleagues and even friends of friends to help you solve those problems and if you don't know them, then you'll have trouble getting those problems solved even with all your money.

Don't learn to save, learn to invest because that's much better than just letting your money stagnate in your bank account when there's the potential that it can grow when you invest it into something, remember that if you're presented the opportunity to invest especially if it's crypto, just go ahead and take it, there's no harm in going for that and it's probably much better for you to do it anyway. Regarding taking care of your money, best thing to do is to spend on your needs first then splurge just a little on your wants, remember that life isn't always about money, and if you don't live a little using the money that you earn, you're probably susceptible to break down and depression that would affect your life in the worst of ways, and you can prevent that if you just live a little.

If we want to organize our daily lives well, we must have a good understanding of financial management and apply it. What I mean is to maintain the continuity of the income that is coming to me today and save some part of it for the future or invest it so that later life can be lived normally. Bitcoin can be ranked at the top of the list as the best place to invest right now.

We have to stick to our own decisions regardless of who did what or who said what. In every country of the world now the most necessary thing for people is money, without money people are totally worthless. A person who has money is a respected person in society or country (even if he is a fool) and a person who does not have money is highly educated but no one respects him. In this society where money is so demanded and money is so valuable, we all need to spend our earned money properly so that we can save money for the future.

OP As per your question learning to save money requires us to set goals and avoid unnecessary expenses. Moreover, many times we buy things at a high price for luxury, if we buy the same things at a cheap price instead of buying them at a high price, then our amount of money will be saved. Thus if we can learn to spend our earned money properly then maybe we can learn to take care of money and save.

Money is important but relationships are also important and if you are spending money on your family member then you should not be worried about your money because you can earn money any time but once you lose your family members then you will regret it and you will lose strong support.

It is also not fine to spend large amounts of money daily without thinking about your future because only wise people can save money so try to divide your income in different portions so you can spend it wisely.

We should give time to both money earning and relationships and if needed then we have to spend our money on our dear ones because we can earn money all the time but we cannot always make good relationships.

That's is reality I agree with this because I have been an eye witness in my place a man was wealthy and was adopted by unknown gunmen to a destination far from his home town but though some may call it miracle or mercy but keeping a good relationship with people can't be neglected, because a farmer who saw this kidnappers and rescued the man was some who he has helped when they where issuing fertilizer to farmers, hard it been the wealthy man do anything evil against the farmer it would have been a different matter as the man life would have just go, some problem can be solved by some one that has nothing in the eyes of the society to a wealthy or a richman.

Don't just be busy saving, try so that the money you get can work for you through investment, remember, your energy will decrease and it will be impossible for you to continue working, you must also prepare yourself for retirement and enjoy your time, wise people definitely think about passive income that can continue to be earned even when they no longer work, so learn to invest as early as possible, don't just save, your money's value decreases every year because of inflation.

i agree with this that not all friends who are close to us have good hearts towards us, most of them can be jealous when we have a lot of money, especially when we get that money from something unexpected, like winning the lottery or when you get an inheritance. that's why to avoid undesirable things, we have to be able to keep quiet when we have money and remain humble, there's no need to show off too much or be arrogant when we get money, because usually people who are arrogant and arrogant will make other people jealous and this could bring disaster to us.

This idea that we gotta blow money to attract people is a disaster. It's a short-term fix with long-term consequences. When the cash flow stops, guess who's gonna disappear? You gotta think long-term. Splitting your income – yeah, some into investments for growth, but a solid chunk into savings? That's building your own fortress. When life is hard, you're not begging for handouts. You're standing tall because you planned ahead. And those calling you cheap? Forget them. When you're the one with money in the bank while they're scrambling, let's see who needs who. This is about personal power, building a life where you're in control. That's what truly commands respect.

You wrote a lot, but actually everything fits in one or two sentences. People who constantly listen to others about anything, including personal finances, really have a big problem in life. Everyone should use their money the way they think is best, and nobody cares if I will spend everything I have on a trip around the world, or if I will keep all the money under the mattresses.

What other people say is completely irrelevant, after all, how can they even talk about such things if they don't know how much money you actually have? I don't talk about such things with my neighbors or acquaintances, and just as it doesn't concern them how much money I have and what I do with it, I personally don't care what they do with their money either.

Yes, in fact money is the main thing in life. Indeed, sometimes we are in trouble even though there is no one out there who wants to help us. Ironically, sometimes we are nice to them, it is better to borrow money from relatives who are close blood relatives. If you have money, appreciate it, don't buy useless things, make the best use of the money, as you said above. However, saving and investing is not enough for us if we still receive 1 income every month. Yes, we need to create an additional basis for our income, such as opening a business that we are interested in. If your finances are stable then you can invest the money.

Therefore, it is necessary to manage finances very well. I don't think it's a problem if you only get one way of income at the moment, if we are able to manage it well then having enough to live your days is still quite safe instead of investing. I won't care at all what people say because we are incapable of pleasing other people. I still really agree that there are advantages to helping each other, especially family and relatives.

I once heard a saying that the more money the more friends and friends are more valuable than money but I have a principle that the more money, the harder it is to choose friends and money is more valuable than friends. Money can select friendships so that we can have a quality life. Taking care of your money and learning to save is the right choice, because the benefits will return to ourselves. When we save indirectly we learn to appreciate money so we can use it well according to our needs, not just our desires.

It's a good thing to save and invest for your future, it's a pretty basic thing that we need to learn if we want to achieve financial freedom, but there are still some people who don't care or are safe not realize how important saving and investments is, I realize it the hard way back when I was just a college student, I was lucky to learn cryptocurrency and Bitcoin, I was able to join many projects if you are familiar with ICO back in 2017 you could be lucky most of the times earning thousand of dollars in this kind of project. So as a college student, I have a huge amount of money but it just ends up being spent on so many things, I really regret it not saving a lot that time, I always thought that I could spend that money since I'm still a student and when I graduated and get a job that's the time I would start to save so for now I just enjoy it, which is a pretty bad decision for me.

Now, I have a stable income but I just wish that I saved a lot that time, that could probably help me a lot right now if I just knew it, it's really hitting me hard right now that I already realize how to save and invest money, Probably it's also a good thing because if I didn't experience it I wouldn't going to realize it, now I don't spend my money on things that I cant really afford. I manage my financial, I would say that I have a pretty solid financial foundation having savings, insurance, investments, etc. which allow me to hold my cryptocurrency for the long term.

I don't mind being called stingy if that means that I'm saving myself for a lot of troubles and headaches in the future. Being stingy and tight about money is actually a skill nowadays that not a lot of people can do because they are all eaten by consumerism. Everyone is always eyeing for new things to brag in social media nowadays that they tend to forget that the future lies ahead of them, and that money they have splurged out today may have been used tomorrow in a lot more important purchases/expense. It's always important to have some savings ready for the rainy days and not just think about short-term purchases to satisfy yourself.

This applies to people who have a fixed income. I think money management must be done wisely if you don't want your future to be in trouble.
The money saved will not increase. The concept of thinking of wise people in managing finances will not let their money sit idle. They set aside the money for emergency planning. The rest of the time, they will continue to try to make money from the efforts they can make. Investment is a smart decision in managing finances and for me it is saving money which saves money.

Capitalism and consumerism has eaten us completely. Many people can not escape it anymore and are having a hard time controlling themselves. To be honest, If I see someone making good financial decisions and saving up I would be very impressed. For sure that person or you will be well taken care of when you are old and retiring.

That is because you're a reckless spender. I mean if you're this kind of spender, you're wrecking your money into waste as you have money but spends it for no reason. Stop being irresposible.

It is so true, when you have money, everyone is your friend and relative. But when you have no more money, you're nothing to them. So, the conclusion on this is not to impress other people. Don't live by that principle.

One of the best technique financially is to less asap your savings. Yes, your savings goes first and you set it like 5%, 10%, 15% or even more. So that everything that will remain are going to go with your expenses but before that happens, you already have saved.

I can imagine how difficult it is to save money when someone only has one source of income with regional minimum wages that vary widely in Indonesia. The highest Regional Minimum Wage in Indonesia is $335 per month, this amount will most likely not be enough to meet living needs for a month during the inflation. The prices of all basic commodities are expensive, then the increase in taxes also causes many bills to increase.

Of course, everyone has different life needs and that allows them to save money. But I think it's very difficult because somehow the impact of inflation really means they have to spend more. Fuel prices have gone up, electricity bills have gone up, basic commodities have gone up, even vehicle and other taxes have also gone up. It's obviously difficult to save, but it's still possible if they have more than one source of income.

Saving money isn't as bad as wasting it from gambling or overspending to nonsense things. Saving alone might be a little tricky since we all know inflation will just eat it all. Saving for something like an emergency fund is much better but if you are wise enough you have to choose into investing it on future proof assets like Bitcoin, precious metals/gems and real estate. We should learn to have financial literacy before it's too late.

There two ways which I have tested and I think are quiet effective right now based on the current economy of the country which we are faced with today. First of it is money contribution, which is another way of saving money but through a non-legal method comprising of two or more people coming together to agree to contribute money with the intention of gathering a huge amount of money within the short period of time and giving it into the other, through a cycle.

This is effective for me, when I have a project at hand and I need to contribute to be able to get a chunk of the money through the method. As we do that, I am able to achieve bigger things with the resources at hand. Secondly, through physical and online investments. I've invested in shares with friends to sustain my income for bigger achievements and online investments through the DCA method of investment.

There is little doubt that it is very difficult to save any money right now, but it is because of this that people need to use the periods in which the economy is doing well to accumulate as much money as they can and then invest it, if they did that, they will be in a way better situation, however the culture of saving has been lost in most countries, with most people spending even more money than what they earn by the use of credit cards, and as soon as the economy takes a turn for the worse, they find themselves in a very difficult economic position.

It seems this economic problem is universal. In my country, the minimum wage cannot take care of the needs of an average worker because of inflation. The price of goods and services has increased and some workers will have to take loans to survive. During the last workers' day celebration, the government promised to increase salaries because they are well aware that our currency is becoming worthless.

Seeking for other sources of income has become a priority for salary earners. With the high rate of inflation, it will be better to seek for part-time or remote jobs to back up full-time jobs. Some of my colleagues are venturing into agriculture for them to produce their food and also sell surplus produce.

Let no one decide for you how you spend your money and not the feeling of others about you on how you spend your money stop you from enjoying every moments of your life you can derive from spending that money. It doesn't have to be buying things for yourself, but you can also derive pleasure from gifting out those monies to others that need it as a form of charity and support to them. I am of the believe that givers never lacks, so when you're spending some on yourself try and give some out so that the one you have will replenish more. Some will view it as a religious point of view but it can also be natural and works that way.

There's limit to everything and when the limit is reached, you should draw back and not overdo. This has to do with giving out and also how you spend your money. When the source of the money is no more depending and you can't source for another, how you spend should also be strategised again because you’ll bit your fingers at home without having anyone to help you through since not all humans are dependable to reach out to even after you’ve helped them before.

It's hard to make money but easy to spend. A person can make a millionaire in a moth while h can spend that million in a day if he chooses. I have heard of people complaining that they do not know how they spend their money and before they realize they have nothing left in their account. The thing is that it is obvious that they money they made in a month has been spent on unnecessary things. Based on my experience i believe that the best way to spend money is to spend the money on things that would generate more money back into your account or things that would increase productivity.

If you really want to be more serious, why not invest instead of dividing it with savings in the bank because after all, we must be aware that with the current conditions and the higher inflation rate, money loses its value so that in the end we can determine the attitude by investing because it could be better than having to force to save in the bank.

Indeed for now we cannot completely let go of fiat from us because after all we are still clinging to fiat so inevitably we have to have it but if we relate this to savings then I think it can also threaten you a little because if the value of money continues to decline then we will be increasingly inconvenienced even though there are savings that we have.
Reserve funds or emergency funds must definitely be there to minimize so that when something unexpected happens we are ready but instead of saving even though it is still very good it will be more worth it if in the end we choose an investment that we can really trust.

I think from an investment point of view that thing makes sense, and also from saving point of view, but if you want to enjoy the present moments of your life then you'll have to spend money.

It's hard to be happy without spending money in current times, that's why I believe on should try his/her best to spend some money in order to enjoy the present moments.

Another important thing I would like to say is that when you have skills that are at top levels then you can earn money again even if you spend whatever you have right now.

However, I also believe that spending money on unnecessary things is a sign of stupidity, but if someone spends money to make his/her life happy then that's a good investment in my eyes.

Most importantly,its adviced or its better to adhere to policies that'll really benefits ones financial lifestyles and growth.Do not save what is left after spending, but spend what is left after saving”...You'll see that every postive approach towards learning and abiding to financial   instructions like this makes life easy and comfortable too.

Having a clear and realistic attempt towards one's goals,and having a plan to achieve those goals within the expected period of time is indeed worth going for.Supposedly,having a goal/plan to improve your financial status,and then efforts put together to achieve successful habit's towards your aim is also another capacity in addition to actualize and establish new saving habits.

Yep, mate !
I have also studied this book "Psychology of Money," and what touched my mind is what you described as "Rat Race." This is something that can change your life. That is, Morgan Housel, who is a book writer, has derived this understanding from this that use money on your own estimate, that is, don't waste money on things that are pointless like people. It should be understood that it means to stop impressing each other with pointless things like ratings. Just focus on your goal; only your goal can give you everything.
 
I have also studied this book, "Psychology of Money," and what touched my mind is what you described as "Rat Race". This is something that can change your life. That is, Morgan Housel, who is a book writer, has derived this understanding from this that use money according to your own estimate, that is, don't waste money on things that are pointless, like people. It should be understood that it means to stop impressing each other with pointless things like ratings. Just focus on your goal only your goal can give you everything. So it means to say that money should not be wasted, even if you own billions of dollars, you should not waste it.

spending money is basically on the way you generate the money,  because theirs no amount money and good you will do for people that will not make them to castigate you, so from my understanding it's clear that investing in Bitcoin is good and better than given out your money to people you think that will label you as a good person, human being is unpredictable and they will blame you when things is hard for you whereas they are the people who enjoys your money

I think the right words for the argument you wrote are like this. “If you have a lot of money, you will definitely have a lot of friends. If you don’t have money, your friends will definitely disappear.” Incidents like this happen a lot in our environment today. Maybe because the cycle of life is now increasingly changing. But you need to know, there are still many people who are willing to be our friends, whatever our economic status. Try looking, you'll definitely find it. Maybe you've been hanging out with the wrong people. So the impact you experience is like this.

I think saving is less efficient nowadays. Especially if you intend to save just in case a financial crisis occurs. Because when a financial crisis comes, sometimes inflation will be higher, and of course the value of money will fall. So it's better to just invest. Because by investing we definitely have the possibility that the amount or value of our money will increase.

Apart from that, being a stingy person is not completely wrong. Especially if our condition is not good. But believe me friend, when we generous (with money), the money will come to us more quickly and smoothly. Because as long as I have lived on this earth, I have never heard of a generous person falling into poverty. However, the philanthropist I am talking about here is of course a philanthropist who has calculations.

Well, financial management is the key to this. I may now be inclined to choose investments over others. Until now, I still don't care what other people think. As long as I invest, and try to increase the finances I have, then it's not a problem. However, I also agree that we should focus on investing and saving the money we have now, because in the future, no matter how close you are to other people, that person will have limits in helping you when you really don't have money. So, I also suggest focusing on investing and saving.

When you have money I mean enough money your friends increase without you knowing (that's if you're the party type) so you need more money to make things happen to keep that friendship going. Before you start up a life of spending lavishly don't forget of having where more money would come from, that's why one need a better investment to stay on top not only that but you need to think I'm a productive way to keep the money pumping.
In some countries where things are hard and prices of goods have doubled times 3 of the old price, you think of how to spend less and save more and also cutting off the way you spend as of then to make a good meaning of your hustle. Is best to be stingy and you have what to feed yourself and your family than giving out money without thinking about tomorrow to be begging along the street with a hungry stomach.

Everything that is excessive is not good, like we are lavish and waste money without knowing where to go, it is better to save to be able to save so that our life in the future does not wander without knowing which direction, because today's world depends on whether we have more or less money. what we have, money is not everything, but everything needs money, that is the principle we have to instill at this time, if we really have a lot of money from our income then use the money well so that it is not misused resulting in us becoming poor.

Investment is the best way for us to save rather than wasting money in vain, indeed when we have a lot of money many friends want to be close to us, when we fall poor, not necessarily they still want to be friends with us and want to be friends with us, that's what Today's world is very cruel for those of us who don't have a lot of money, by managing our finances in a better way our lives will be better organized, learn to invest and then start investing little by little so that our money is more secure and not wasted.

Take care of your money and learn to save. It actually great but would be more great if you can do take care of your money and learn to invest haha

Money is the key in this world it really is and we need ton of it just for live every day. Money management also needed in our daily life and control how the money flow is our responsibility. So take care and do Investment is needed in my opinion

All you said have been ring in the heads of many but to put it to work is the problem and I'd say for someone to stop spending carelessly he or she need to cut off friends who only come close whenever you have more to spend on things that doesn't matter. I agree, money is everything and we need money to do things but when you have too much of money it controls you and some times it causes hate among friends who share positive ideas.
Investment is good but invest wisely to avoid going bankrupt in life and it affect the family, scammers love it when they trick an individual to invest only on what they'll benefit from, they can use that means to make you trust and become friends with them. Before getting yourself in any investment (like Bitcoin) seek for advice from good head that knows more about it, don't use because you had to make more money to fall into the wrong hands.

Suppose you have money irrespective of whether you are spending it on others or just keeping it for only yourselves. In that case, people will respect you cause financial success is what is considered as someone being successful and one who is considered will be respected. People may get their money in different ways such as inheritance or building a company from scratch or saving it for years in many different ways.

If you just become ignorant and lose your mind when you have money then life will be miserable when you are in need of it, so considering future, it is important to have different form of savings such as emergency funds which should be used when your constant source of income stopped for whatever reasons, then the savings for future/retirement and then insurance probably health insurance as primary so that you won't be spending your life savings on hospital bills.

        -    If you are in the field of cryptocurrency then you can save money here by spreading dca or accumulating cryptocurrency that is top listed in the market. This is the future savings that most communities do in the crypto business.

Actually I am also among those who make dca tools for crypto savings in the future. And this method is effective, as long as you make sure that the crypto token you will hold is correct and has potential in this matter, so that the time you spend waiting will not be wasted.

I'm surprised a lot of users here understand what OP said in the first post. I struggle to read it and get it into my head.

Anyway, having your priorities straight where you have to save something for yourself and your family. Earn as much as possible because no one will do it for you and don't let anyone take advantage of you. Iff you can start a business where you still can maintain your job, I think this is your best opportunity.

I could actually give two f@$%ks about those people, who only wants to be with me, because I have some money.

Good friends and family do not care about your money, they care about you. Good friends like that are actually more precious than money, so you should invest in friends like that.  ;)

Good basic thinking basically we should not spend money carelessly, we need to detect the needs that may come into our lives in the future, actually in life there will definitely come problems and many of the problems need money to solve them, therefore it is important to set aside our money to save, as an emergency fund or whatever it is, in fact when we have money every problem that comes can be easily solved or not worry about money problems when problems come into our lives.

But on the other hand, besides saving, we need to look at the gap between needs and income, if our income is not sufficient, the solution is not only to save or invest but how to increase income to cover needs so that we can have money for emergency funds and invest.

If someone uses their money on things they don't really need, of course this is very wasteful and the impact of their habit will be very difficult to save and even to be able to invest. It is true that if we save the money we have, of course It's very unfortunate that when inflation occurs, the savings we have don't decrease, but the value of the money we save will certainly be different when we save the money we have. By saving for emergency needs, of course this will not be a problem for us when we need these funds, because without these funds it will certainly be difficult when you need them, by investing we will of course be able to prepare our future better so that we will be able to achieve what we want in the future, but we must really understand well the investments we make because If we invest wrongly, of course we will lose the money we have in the investment we make.

I don't think people should see me as a bad person just because I refuse to spend my money on them. Not everyone will think you are a bad person, some will no longer talk to you or be close to you because you do not spend your money as they think. We've lost a lot of friends because they think their friends' money is theirs. If they have an issue to solve, they will believe that their wealthy friend can fix it. If someone starts making money, I believe they should limit how much they walk around since the more you walk, the more you spend.

We should not allow anything to bother us, our family problems should always be a main priority since we never know what tomorrow will bring. If you are broke not all your friends will support you, even if you used to spend on them. It's difficult to save when you come from a place where items are very cost. Being stingy is good if it stops us from overspending. He was once a giver, but now a needy should not be our position.

I do not mean to sound rude but I really can't seem to visualize how the two concepts tallies, I mean what I said earlier and what you e just said now.
You're obviously talking about a man who did good to a farmer and in turn the farmer rescues him from his adopters, which is quite an interesting story, but when I say wealth isn't about money alone but also about people U know, I'm talking about connection and influence. If one has money without influence and power then you're not really wealthy, you only have a huge bank account, and money cannot always fix every problem for you, sometimes you need influence and connection to fix certain problems.

Although your story would've emphasize on the concept that one's money cannot always save them, if the man's adopters were assassins and not kidnappers as you aforementioned, because if they're actual kidnappwrs rhen the man could pay them the requested ransom and regain his freedom.

It is true, finances must be managed in such a way. Because if not, all planning related to money will definitely not be well organized. Especially if you are married, you definitely have to be smarter in managing your finances. Such as having emergency money, savings, health money, food money, and for other needs. Apart from that, investing is also a very good thing to do. But with the condition that you don't force it. Because if you force yourself to invest, for example using emergency money, you could say that this is not good. So basically, invest only if you have money left over (cold money).

And in my opinion, don't care too much about what people say. Because the most important thing is that we don't harm anyone. Because other people won't feel what we feel, so basically it's better to just ignore people like that. Because being stingy doesn't mean it's a bad trait. But stingy has a very complex meaning.

Save to invest as they say and I agree with that. Though savings is needed for some purpose that you don't see happen any time soon, and learning how to be wise with our money through saving is a good skill and it's a must have.

We need it to survive and there are people that are dying to have it. And if we're in a state and good condition and we're blessed to earn it, that's why we need to spend or save or invest it wisely.

With everything that's rising nowadays, it's true that we need to be good at managing it. Not just a spender, a saver but also be an investor.

I wonder those that have enough money but they don't have knowledge of spending the It they forget that not any conditions is permanent, as today is your own tomorrow might nit be your's. Everyday we born again and every day we growth and the way our earnings increasing that's how the problem will be creating, so what will stop us from spending any so much of our money at unnecessary place. But some people's will not understand now till after where their earnings money has definitely stop and start live in the hard situations is during that time they will know that lack of financial is big problems.

Morever, they said that we used money to make money but various of people's don't comprehend that the money we have earned today and invest it onto another business they will be the one to defend our features tomorrow so is good for us to be cautious and take corrections from our mistake, so that in features you won't faces any hard situations.

Being very smart with your money is just one side of the equation, you gotta be able to learn how to make your money work for you as well. Money is a tool, it's not a luxury that you put above all else. You have to know the best ways that work for you on how to make money even while you're sleeping. Investing, learning how to put your money on timed deposits that yield millions, insuring yourself with retirement plans that include premium stipulations, so even if you don't use them you're able to work with something cause you're getting something.

There's a lot of stuff out there that you could if you want to really make your money work, besides saving it for the rainy days of course. You just have to be very curious, be a researcher, and pulse your shit on stuff that you think would work for you and wouldn't. Once you're able to do that, success will ensue. Oh and one more thing, don't let the stress and the depression of losing it all once get to you, remember, soon as you get your first milli you already made it, all you need to do is memorize the formula and you're good to go.

Instead of saving in your local currency, it is far preferable to invest rather than keep something that is quickly impacted by inflation; however, if the money is invested, it is more helpful since as the price rises, you profit from your investment. Because it is something you want to make money with. Bitcoin is one of the best initiatives to help in situations like this its risky but the same time if you manage your investment properly, just that every investment comes with a sacrifice, and it also involves risk because of the instability in price.

But that should not be a problem  the investor just have to have a lot of patience because the nature of market is know by everyone so investing all this will be known.

Money is very powerful now a days if you don't have money people will not show a respect on you because they will threat you as poor guy and they will not care about you,so we really need to take care of our money and learn how to multiply it by saving or investing,saving or investing is good than spending it through things that is not important because at the end of the day you will be the only one who will suffer if you have an emergency need of money and nothing will give you so save or invest it for good.

Saving has really helped me for a long time now and if everyone embraced the act of saving, we would be very surprised to see that we are making money and creating businesses for ourselves. There are people that are having problems currently and they could not solve their problems because they never saved when they have the funds to have invested in something that will be giving them profits. It is very good we need to make sure we try at least even though it's from nothing and save for the time of nothing we one would not have to be running from one place to another for nothing.

The average user probably only read the title - and then they reply without reading the content of the topic.
Just like you - I also have difficulty understanding what he wrote, but the point is, the title of the topic can make you understand what he wants to convey.



Money isn't everything - but money is always needed. Without money everything is difficult - having money, things may be easier. Saving fiat money as an investment is not a good option in my opinion - it doesn't provide good returns in the long run. Investing in assets that have the potential to gain value growth is a wise choice - in fact they don't have to invest in bitcoin or others if they believe more in assets that have physical properties.

And many others have preferred their savings through crypto that shall be their retirement plan and savings. This is common and not odd anymore but before, if you talk about it like for several years ago.

You'd be told that you're out of your mind because crypto was uncertain before.

DCA is a safe strategy.

You only gonna save whenever you can and as long as you can. You're having a saving and investment at the same time by doing it.

If money brings people closer in your life, just know that they are fake people, if that same money is no more there they will leave you, I still believe that money can't drive people away like not having money again, lack of money will open the veil that friends and families are using to hide their true self.

The advice I have for you is to always risk your money while you are still young, take risks on investment now and tomorrow will find its way, too many people rely too much on how much they are making today, they cling unto the exact amount like it is most important.

They have forgotten that the world changes every time, a $1000 in 20 years back isn't the same $1000 today, things will surely get harder with time, a penny saved will always remain a penny, remember that, this is why I see many money as in instrument to escape future hardship of life.

I take risks with most of my money and I use the smallest part to live my life everyday, I will reap the rewards in the future.

It is true that spending money carelessly is a problem, but at the same time people are keep forcing the regular people to live frugal life instead of seeing the real problem; companies becoming greedier.

Do not drink starbucks every morning, do not get your avocado toast, do not buy the new iphone, do not go to a vacation you can't afford, do not get all the subscriptions, do not get ... and so forth and so forth while the rich guy just spends 10 billion to shoot himself to space, I am sorry but wtf is wrong with people that we are taking the last ounce of happiness life provides to these low to mid level income people, and not looking at the reality that corporations make tens of billions of profit while not giving their workers any proper raise? That is the real problem.

Wages are way too low right now, and as long as that is not fixed, you will get poorer and poorer, eventually they will tell you that eating three times a day is bad, and you should eat twice, because that is what you will be able to afford anyway with the money these companies pay us.

Nothing lasts for ever and any young person that understands this will know that money in your hands can finish, therefore it's very important to plan for old age when you're not able to work to earn more money. So the importance of savings and investments when the money is pouring in can not be overwhelmed, a person that spends all that they earn will become a dependent or a destitute in old age, when they're too weak to work.

Although with the rate of poverty in most underdeveloped countries, the concept of savings and investments is a mirage to them, because when you don't even earn enough money to eat a decent meal, how will you be talking about savings, not to mention investment. What I'm saying will sound like fiction to people in developed countries and the rich in impoverished countries, but the truth is that there many people in this poor countries, who are just hopelessness, they don't even remember that there's a future.

Basically people tends to come closer to you when you have money go give out or if they find out that you are kind of generous and they will want to take advantage of your generosity but if they find out that you are not as generous as you used to be, they begin to withdraw coming close to you and this is very common among human like when things are going well with you every one draws near to you but when things are not going too well with you they will forget your kindness when you had enough that is why you should take good care of yourself and family because they are the people that matters most in your life. And moreover, doing things without others noticing or knowing about how you're doing is very good instead always wanting to show off one's assets or wealth just to attract prestige and respect from others is not necessary at all.

Yeah that's more appropriate to invest your money into the right direction because of Time value of money. The money will lose its value as time will pass but your investment will get you some good profits if you do it into the right direction.

So the money invested into the right direction is far better the the money that is stacked up into your home. Try to be smart and hardworking at the same time.

First of all make sure that the house you stack your money up is yours. Some people make investments while paying a mortgage for their houses. If it is sure that you'll get a dividend higher than the interest rate, with no risk, it is ok, but if not, maybe some should start thinking in paying their credits first of all.

Money should always be calculated. Spending money freely will get you into trouble. Money should be valued. Because without money you are worthless.  That means you have no value without money. There is no substitute for money for livelihood. So we should think of earning money while we have time and should save it. But saving does not mean that we cannot save only without mixing our basic needs. Because  Everything has a system.

We love to spend money. Every day we buy many things but there is no need to buy this. This is the most important rule of saving. There is an art to spending little money. If we don't know this, we won't be able to have a lot of money. Let's calculate how much money we can spend in one week on unnecessary things. This is savings! Techniques will not work if we do not learn to do without some things

Always save and consider on trying out to establish yourself on having that multiple income source rather than on relying into your main job for the rest of your life because if you do and then there's something that do happens into it or some laying off or being kicked or fired then for sure you would really be having that miserable life because you are really just that relying on it and at the same time you dont have any savings just because you arent that making one when you do still have that job or just because you had just that made yourself that being too confident that there's nothing would gonna happen on you.

On the time that there's something happened then for sure you would really be having in mind or having those kind of regret that you shouldnt have that missed out on making up some savings or making out
some investment or having that other income source for you to save up at least. You would really be able to realize its importance on the time that you would really be on such tough
situation on which its a common thing that most people would really be ending up into.

What I've come to believe in this life is that the wicked live longer than those who claim to be good, I agree with you to be seen as a wicked and stingy person or answer the name of a wicked person. Is good to give but some people take it for granted even when there's no need to ask they do ask. Normally people who are rich like to give I mean "some" but they turn to be wicked because no one knows what they passed through in life before making it to where they are now, have an uncle (lemme call him that) who has enough to give but even to his wife he act stingy, her people needs help but he prefer to give to a stranger than those ones from the wife's place and I understand him very well because he might have pass through hell before getting all he have so that alone would be difficult to get from him.


Honestly it is very hard to give when you're surrounded by people who look up to you for assistance especially when they're your blood, you can't say no to your siblings not while you're the elderly one. It will be a bigger problem if you don't have to give because it will look like you have failed as the breadwinner.

Helping those in need is never bad however you also have to identify your limits as a person. You wouldn’t want to lose all of yourself.Sometimes being greedy and putting yourself first is the right thing to do.

What did his wife do to deserve that treatment lol. Above all when I am rich enough I would spoil my family and give them everything they need.

This is such a good take, I couldn't put it any better myself even if I tried. It is such a shame that people do not see the real problem and overlook that issue and just keep telling people to live smaller and smaller. We are in the period where we have the most in the world, innovations grew rapidly and there are so many things, and people are failing to be able to buy just a home, something people used to do so easily.

I am not saying that lets all have lambos and yacths, but we are in a world where the median income doesn't get you a home in 5 years worth of salary in most places of the world. In my nation, 5 years worth of salary wouldn't even get me a car, let alone a house, but definitely not a house. Why not look at that and just focus on saving?

Its not bad to spend but make sure you have set aside your savings first prior to spending, that way you are just enjoying your extra money. Although spending is inevitable most especially if it’s all about your needs and sometimes wants, but set your limits so you won’t end up spending all your hard-earned money.

While saving could be very essential, but that should not be our ultimate goal, but put them into a potential investment wherein you can manage its risks and become successful. Of course, that would demand hardwork as well, but know that you can never succeed on your business or investment if you are not actually dedicated or devoted into it. Do everything to succeed, not only in your investment, but certainly in all aspects of life.

Limit and budgeting would be always crucial and this is something that you would really be needing up to consider because if you do spend up like a mad man and like that there's no tomorrow then you would
really be suffering those conditions on which you would really be having kind of regret because you have done something shit earlier. You would be able to realize the importance of savings on the time that you would really be experiencing difficulties but if not then you would really be that confident that there's nothing that would happen to you until there's one. On the time that there's nothing happening on you
then you wont care but if there's one then this is the time that you would be panicking.

It is true it wouldn't always be the same so we must learn to save or manage our funds well.
It doesn't matter if you are earning big right now it would all be useless in the future if you couldn't manage it well, some people tend to spend all of their earnings to enjoy their life or live the moment as they call it, but what about their future? they don't really care much about it as long as they are having fun.
I think this is the reason why most minimum wage earner aren't successful, they tend party almost everytime they get their salary to relieve stress.

If someone cannot manage the expenses they need, of course they will have financial problems and the income they have will certainly not be enough to meet their needs. It is important for us to continue making money and we must also be able to manage it well so that we not having financial problems, of course this is something that no one will ever want, before saving, of course we must first meet the needs we need and the remaining income we have, then we can save and if possible we can invest.

If you like spending money on things you don't really need, of course it will be very difficult for you to save and it could put us in financial trouble. Calculating the amount of expenses is of course very good because we will be able to track our expenses and be able to learn whether we have used the income we have well or not and if indeed we are still using the income we have on things we don't need, of course we have to fix it so that we don't repeat this in the future.

Saving money is easier said than done thanks to the unpredictable nature of life. People who have lots of money usually can survive well even if they don't save their money properly.

However, the same cannot be said about people with small-medium amounts of money. Money management is a tough skill to master, but it's worth it at the end of the day.

It must be admitted that saving is the most difficult thing to implement in life, even though we are aware that saving is quite important and useful for the future.
However, when we grow up, there will be many considerations to hold back all desires in life to prioritize saving money for the future, I am already aware of this and what we have gone through has become a valuable lesson for a better future.
Saving can become a habit, so we have to do it slowly now for our future.

Agreed. Saving will not make you rich because of inflation. We live in an era where understanding the concept of leverage is very easy, easy to obtain and easy to learn. So to create wealth and financial freedom is not as difficult as many people believe. Building wealth and remaining financially stable indefinitely is much easier with the right information. Participate in investments as this is the only right approach to earn high income and remain prosperous indefinitely. You just need to adjust your expenses according to your income. In essence, frugal does not mean stingy.

My aunt was very frugal but invested in land. Now that he is gone, we, his children, are happily reaping the fruits of his labor. That's the generational wealth we gain, to ensure your children and your future children and grandchildren have a good starting point. So take care of your money and learn to invest, especially in bitcoin.

Although it has never been a bad thing but with what's happening in world I some how think is not too good to help, sometimes we help others and forget that we the helper have needs, cloths to wear food to eat and all that. I'd prefer to not be in the group of greedy people because there's a way you do it and it will get into your head without you knowing who deserves that behavior or not, is never a good thing unless you have it in you (greediness).



Not that he doesn't give the wife money but he does it on his terms, whenever he feels like giving that's when he gives but if she needs money like today or tomorrow he act like he hasn't seen money in his account before, what I mean is that she can't make use of money when she want is when she has no need that's when he gives which is bad to me.

The people you lost were never your friends. Because friendships don't mean that I can't spend my money for them then the friendship will be ruined. It could also be that you failed to choose the right friends. But be that as it may, if it is understood that someone is walking with us for self-interest and runs away in times of danger, then it is good to stay away from such people immediately. I believe an empty house than bad companies.
However we should take care and save our money even if it is for our investment instinct, we should save and extend a helping hand to as many needy people as possible to put some smiles on their faces. Because if people smile, the world can become beautiful.

usually the habit of overspending is always this, buying unnecessary things, even if there's a discount, some people bought thing simlpy because there's discount going on even though honestly they just don't really need it.
from the small things that gets discounted if we buy all those unnecessary things consistently it will take up certain portion of our savings, knowing that we have the habit of overspending is the first step into saving and further growing our capital, if we just can't figure out that we ourselves are the problem, this problem might not get solved and we won't be able to save meaningful amount of money at the end of the day.
but even saving is not enough if you want to save up for your retirement, is something like covid hits, it might damage your saving that you've been building since long time ago.
therefore knowing how to invest, grow your capital is also one way to be rich in my opinion.
learn to trade, invest and so on, this is really useful side hustle skill when you need to make side income.

Hard to prioritize savings since we could be defeated by inflation with that and there's nothing will happen to our money if we just decide it especially on banks since they are the one who will earn a lot of money from our savings while us they just give small compensation which is not totally reasonable amount.

Much better if we use our money to invest on multiple options since for that we could able to get a lot of income streams then the only one we need to separate is the emergency funds and educational plans for our child so that we can live a comfortable life in future. Your aunt is so smart for determining what's best for his money and he really see the result which his child is benefiting from his investments made.

People often spend money without realising that by spending it on useless material he is actually wasting his money but I think we should spend with great care because he can understand the value of money who works hard just to maintain the responsibility of his family and earn money with great efforts.

We have to work properly and should think to plan for our future so for such a reason we will minimize our spending on useless things which are not necessary for living a healthy life. Remember that you will spend without planning today but what will you do when you need money during an emergency when you don't have savings.

Yes that's true too, but we can't look there, look at the side of billionaires who have a harder struggle when building their wealth, they are more willing to spend money to build businesses so that they get a lot of income and employ many people who are standardized in salary, and I think they also went through something like that before becoming billionaires who can spend money easily today, so it's not balanced to look that way if we are their workers today.

I agree with your last paragraph that today's salaries are too low to make ends meet, due to inflation and a bad monetary system both in the labor force that makes it very difficult for us to save most of our income, hence many of us have two or even more jobs to be able to save and invest.

That principle you heard is true. We know people, we are mostly attracted to money more than anything else. It is like money is a big magnet and people will just get magnate if you have lots of it. Money is only a paper or a coin, etc... but a friend is a person, so yeah that they are more valuable but there is an exception to that of course for some people. They are still choosy when it comes to making a friend and they don't care if they will have less but as long as those friends are true to them and they have other qualities that they also like. Not to be harsh but your principle or your standards sound high and something tells me that you can ignore poor people easily.

Money is for human, human is not for money. First of all, it is necessary to understand, I don't deny the truth of how important money is in today's era, indeed, today, relationships, and friends are all about money but it is also true that not everyone is with you for money, there are some sincere relationships that you have received from the grace of God or who are with you in return for your goodness. Seeing everyone as if they're only in it for the money makes you feel completely isolated and rude I have seen so many rich people who have lots of money and all the comforts but they don't have peace of mind, they don't have any real relationship, they don't have any friends that they want. Can you understand the state of their heart or share their joys and sorrows with them? They are completely alone inside and their countless money is of no use to them because money cannot buy relationships or feelings.

Realizing the importance and utility of money over time is a very good thing and thinking about your future and saving it can be a very good thing too, but looking at one from the point of view that it is with me for money. If it's not money, it won't happen. This thing can make you mentally ill.
Some things are done according to age. The joys that we can enjoy in youth, we cannot have in old age. No matter how much money we have, everything is good in its own time, so with our money, our present life should also be made good and should be saved for our future, but first of all, the life we are living should be made better.

Money is very important side for every one round the world who spending more than 24 hours working to earn much money and try to make better their future life. I think need to be smart with money management which one have spending and how much percent allocated for every side or our needed. But some people forget enjoying their hard working and keep spent money for saving assets indeed have to face most standart life level, indeed have to spent for saving assets to be better our future condition but we must spend money for enjoying what dreaming to buy exactly we come from difficult financial condition.
Actually our life is too short and don't make all your money as saving assets without enjoying yet, make planning based on assets having how many years for enjoying and use half spend for buying most important in your life.

Inflation stinks. Nobody likes seeing their money slowly disappear. Banks aren't the enemy. They contribute. Savings won't make you rich, but it's a safety net. Consider that low interest rates cost peace of mind. You must stretch your wings to grow. Consider cryptos, bitcoin, and high-yield savings accounts to stay up with inflation

Who doesn't want their money to work for them? But there's risk. Crypto and stock markets rise and fall. It's wild. So, two things: First, that emergency fund? Vital. Second, everyone's situation varies. You comfortable with how much risk? Your big goals? The investing plan must match you

Really that impossible that you cant really be able to realize those things that saving up your money on banks cant really make you rich and instead of being stagnant then you would really be possibly be thinking that making use of those funds on putting it up on something more better when it comes to earning money or profits and this is why people would really be having that consideration on making some step forward on making some investment instead on putting up too much on savings which it isnt a bad option but of course it would really be still ideal that you should set aside on having some fiat to be stored in the bank for emergency purposes.
As for inflation then this is something that would really be inevitable and this is why it would be that a wise thing for you to have such move on trying out to make investment or having that other income source.

Dont wait up for yourself to be on a struggling condition before you would really be making out such step because the earlier the better on where establishing yourself wont really be that a short time period.
So starting it out as early as possible.

Unfortunately, this is the truth for most of us... when we have huge earnings, we also increase our expenses which still end up with no savings but a possible debt.
 
Fund management is commonly a problem for the majority. We think about savings but nothing happens due to unexpected expenses. So many people remain poor due to a lack of financial management education and risk appetite. Usually, we don't have a long-term plan, so only a few people take risks in investing while the majority rely on their job's salary.

Yes, where there are money, a lot of friends will flock into you. That is not surprising anymore as anyone can attest to that. However, instead of using our money to attract friends, why won’t we use it to attract potential investments that will somehow guarantee some profits, that way we can save a huge amount once that investment works and progress.

Money is not everything, but it’s indeed a very important factor for a human being. Without it, one will not survive from all its daily struggles and challenges. This is why if you already have the money, use your mind so can utilize your money well. Do not just focus on saving itself, but learn to invest as well so that you will have something to use and benefit in your old age when your body is not capable anymore to provide you money.

Well, actually this is wrong logic, but it is embedded in people's mindset. They always say that our income will be proportional to our expenses, or that when we have a large income, our expenses will increase too. Even though it is not the amount of our expenses that becomes large, it is our prestige or increasing our standard of living.
When we have a low income we can get by with that, so when we have a much higher income why don't we save or set aside money? that's the question. Logically we should be able to set aside money when we have a much higher income, right? This is the problem, because sometimes, as I said before, our human instincts will work because our prestige will be greater and we will also raise our standard of living which we should not have done.

Everyone definitely has their own technique for making savings efforts in their own lives, because we will not be able to equate our own needs with the needs of other people even though those other people also live in the same country as us. This means that in terms of living needs, there will always be differences between one person and another, especially if the other person does not live in the same country as us, so the techniques for making savings efforts will also be very different from what we do now.

You can make savings by looking at unimportant expenses every week, but for other people this may not be effective enough, because they sometimes still need to look at them on a day to day basis. Apart from that, people who cannot avoid basic necessities which are sometimes becoming more expensive will also make it difficult for them to fulfill these things so that they also cannot make savings if they do not have other sources of income in their lives to be able to make savings.

When it comes to saving, most people will think of stopping spending on non-essentials, but what are non-essentials when we only spend on basic daily needs? Instead, why don't we find ways to increase our income? That will help us spend comfortably and help us save more easily. Not only knowing how to save but not thinking about how to increase your income, your family will fall into difficulty when you focus too much on saving and spending stingily. If we focus too much on planning to save money, it will only make us more tired of life. Instead, it would be better if we looked for ways to increase our income.

Permit me to use this famous words "spend your money wisely, you have a family to care for and not a society to impress". Money has become a control tool in this recent generation and that's why people are going extra length just to acquire this money. It allows you to control people, earns you respect and value. If you are opportune to acquire money, it's very important to make use of it carefully by  investing in potential assets both physical and digital assets if you don't want your condition to become pitiful in the future.

Sadly, the world we live in today does not recognize average people but rather give attention to influential people starting from households to society in general. Majority of these people around you are not after your personality but they are there simply because of the wealth you possess. This makes it more necessary to take good control of your money because you will lose everyone once you lose the money. The reason why rich people keep investing to make more money is because they don't want to lose their relevancy in the society. Money is a powerful force if you have it but without proper management, you will definitely lose it some day. Spend and invest wisely.

Yes, sometimes when someone has a lot of money and income, they feel that it will last forever, so they don't manage their finances well. Things start to get messy when their income starts to decrease, but they have quite large bills or large living needs. Without good management and good investment, this will little by little lead to bankruptcy. I have seen this happen to many people around me. However, financial management is something that needs to be done from the start.

It is true that money rules this life, without having money we will not be able to survive. I agree with what you said, it's true that life is unpredictable, Do you believe rich people don't keep their assets like money well? In my opinion, it's impossible for rich people not to think about their money, they will definitely think about it in order to look after it well. If I look at it, it seems like the lower class are the ones who have difficulty saving because they don't have a permanent job, I think the middle class doesn't seem to have any difficulty. This one skill saves their usng.

Money should planned for, we don't have to spend recklessly because we have it at the present, have we ever think about it if we don't longer have the money, money draw friends close as you have already said but absence of money does the opposite.
Money have to be invested into something meaningful, am not an advocate to saving money, although we can have a little savings for ourselves but the major thing should be investment, investment is long-term venture, when you invest your money, you are building a good future for yourself and you unborn children, I didn't say that savings is not good but I think having your money in the investment is better than keeping it in cash that's why I will always support investment, money should have a good channel to multiply, it should not be stagnant without yielding profit.

Thanks for the advice Captain Obvious but there's something about this thing though, it's not easy to do it if you're living from paycheck to paycheck and you've got bills to pay, how can you take care of your money if you don't have anything left whenever you're getting paid? That's difficult to do for some minimum wage earners, maybe you can do it much easier when you're with someone since you've got a combined money and that additional money for you both can be a good way to survive and make some extra money which you can choose to invest or just plain save with no growth or interest.

Our lifestyle is different for each individual and so most advice have a 50/50 chance of becoming effective, say for example, the advice of stop spending money on stupid stuff, might not work if that person is a poor or doesn't have a lot of money and they spend a lot of money in clubbing and might work when it's the same person but not having any money to spend on clubbing.

When you talk about money in your present and future life, you need to prepare early before the worst times in your life come, every time you spend money you need to pay attention to how much is spent and how much is left. Arranging financial management is very necessary to maintain financial stability in the future, you must be able to be your own bank so that you don't spend too much money.

In this life there is always drama in it, you have to be a director to find out who has been hiding behind falsehoods and who has been a good friend to you. Never forget friends who always support you and help you in difficult times, they are true friends for you, whatever happens to you, they will never leave you when you are in a difficult situation.

Agree. The mindset that by saving our money will increase or become rich must be eliminated from now on. because what is clear is that saving does not make us rich due to inflation every year so that we lose value. So save for your daily needs and allocate the remaining emergency funds for investment, not for buying things you don't need. This is not stingy but this is to create financial freedom in the future. If we are smart about finding additional work that increases our income, of course this is better so that we can spend on the things we need to enjoy life, but not everyone can easily earn more income, people's skills are of course different. In essence, whatever your income, don't forget about investing, because this will create your financial freedom in the future rather than saving.

We worked hard for it and that is why we are also the ones to be responsible of taking care of it, not anyone. And don't be moved with people trying to mock you because they're not able to get some money from you because you've been saving it for your important things. Don't be that type of person that relies on the impression of other people, we're already on 2024 and things have changed and most of us are doing things for our survival. If you're the type of person that relies sole to the words of people and you get that worry that people should say good on you, forget about that.
You only need to rely to yourself and what's going to be good for you and your family. Usually, those people that are stingy to you are the ones that didn't benefited from you or you didn't give them the favor that they're asking. It's okay, you don't live for them to live but you live for you to live and help yourself get up into a better situation. And if you're a family person, you're there for your family and not for someone else that don't have any contribution to your life.

Saving is essential however, not all people have that privilege to do so. In some places in particular with third world countries, wherein some people are only earning enough to insufficient amount on each day which makes it hard for them to save or have savings. There are just circumstances we cannot aid in an instant but the idea is there. Aside from saving there's also investments an individual could engage oneself if it is for the benefit of his/her future. The idea is growing the amount of money bigger through the years than to just let it sleep without any source of growth unless you'd put additional amount into it. At the end of the day you need to choose which would work best for you depending on the cashflow of your salary.

You know what you mentioned is correct, in reality, people who have money do different things, you or we used to have no friends, but if you have a little money, but when you have money and other people around you find out, suddenly you have a lot , the one who was not your closed friend suddenly becomes a closed friend, the one who was not your friend suddenly becomes your friend.

Those who used to ignore us will suddenly always call you, take you for a walk, and so on. That's what money does—those who used to look or think badly of us suddenly become good people to them. In short, having a lot of money gives us respect, power, and authority.

Saying that doesn't mean I'm against saving, what I just want to say is don't focus too much on saving but instead find ways to increase your income so you can live more comfortably. Increasing income by doing business, working part-time or investing depends on each person's choice, and it is not necessary to invest while ignoring other ways to make money. Because investing also does not guarantee us financial freedom or will always bring profits. Everything has its risks, so investing or doing business depends on each person's preferences and abilities.

As a financial guy I tell all my clients that you should try and save at least 15-20% of your earned income towards retirement.  If you can save more, than certainly do so.  Run a monthly budget AT LEAST once a year, making sure you're saving as much as you potentially could be.  Then make sure to do everything you can to be saving money (cut coupons, sign up for rewards apps, and things of this nature..it can go a LONG way).

Inflation has eaten up our currency badly, there is no significant purchasing power left on them but some countries are still able to control their own but even with that, I don't believe in those numbers because the price of goods has increased by far than what is been reported about inflation. If you want to fight that, then the only way is to invest your money into an asset that can appreciate with time and the asset must be active to give you something as inflation grows.


You don't have to listen to what people say, your financial status is your problem and not anyone thing to solve and if you go broke because what people will say, then you will suffer alone because when you have money, people might want to associate with you but by the time you have nothing, everyone we will perhaps your family might stay behind but people you least expect to disappear will all leave.

Behind how small salary receiving every month not all people around the world has opportunity spend few percent for saving assets, most of countries has below standard of payment salary and required hard working around 12 hours every day. In my country Indonesia has difference cases and difficult for spending around few percent of salary for saving because too expensive daily cost than with how much payment salary receiving.

I think need to brave out from comfortable zone looking for opportunity with higher payment salary on bigger companies outside to bigger country, I think will make us have bigger chance to get more saving behind bigger salary receiving and easily for spending as investment assets.

Indeed. We don't know how the condition of our life in the future. We may have no good income anymore, or we may experience something that require a lot of money. So we must have savings to deal with unpredictable condition in the future. I think everyone must have the saving, it is a part of our future plans. There is no person who wants to risk himself without reserved money. Moreover, this life is increasingly dependent on money, everything requires money. The only way is to try having established money. We may have saving and investment to ensure this.

Well, spending money with no clear reason is a careless way. Spending for unnecessary thing is a bad habit. I hope none of us do this, it is not a habit of wise people. Specifically for a man who has wife and children, spending for no clear reason is stupid action. We must be wiser to spend money because the daily needs are increasing day by day.

Yes, people's financial situations aren't always the same, but the thing about people coming code to you when you have money and leaving you when you don't isn't something I'm making money for. Spending money just cause you want people to be around you is careless and out of desperate desires.

Personally, I'm more concerned about the "lonely at the top" phenomenon. Because people don't really care about anyone anymore, just themselves and so should you. Take care of your money, and yourself, invest in yourself, and save more, and the future will take care of itself if you do the right things now.

Although money is not the ultimate everything to people, money is more than many things to people. No one can deny the need for money in this world. But in some cases people create controversy about money like money can't make people happy can't restore lost health etc. But if you think very deeply, the meaning of money is found. For example, the financial status of people is not always the same. When a person is in danger or in financial crisis, the person or relatives can be known well. The only reason is money. Because if there is no money, even close relatives keep a distance. So we all should take care of our money saving and investing.

It's really hard to safe in the world with 10% inflation rate at least. There are not so many places that can outperfom it. Sometimes i think that it just better to spend everything that you have asap to not burn it

If you want to save money in the short term, just learn to save. But if what you plan is for the long term, then you have to invest. Money has an attraction like a magnet, people will respect you and always listen or confirm what you say even though what comes out of your mouth is just empty talk.
You have to manage your finances wisely, make several portions and then divide the percentage of the amount that is appropriate for each portion. Savings should not be excluded if you don't want to disrupt the investment you have planned for the long term, don't let yourself live with a lack of resources in the future due to not being wise in managing finances in the past.

Well, the sad reality is that we know how to spend our money on luxurious stuff but never know how to value it and spend into the right thing.
Many individuals have huge salaries but still have no investment plan which in the end, they remain empty and broke.

We usually just realize our wrongdoings when we face difficulties in life and say, "I will money next time". Too good to hear but this kind of promise is usually broken.

So I would say that if we want to change, we also need to change our mindset about money because the moment we know how to value our hard-earned money, the more we care about it and are able to spend wisely.

Time is more important than money. It's better to spend money to save time than to waste time saving money. Investment also requires time to mature. Making more money is better than saving more money. Because being able to secure a source of income that'll last the test of time, shows a good usage of time. When we utilize our time very well going out of money wouldn't be a trouble anymore. Having a single source of income is what makes people worried about saving money. Look at the inflation, the amount of saved money in your bank depreciates. It's better to follow the trend, earn bigger to battle the increase of product prices in the market. However, it's always nice to have some funds in our possessions not just going completely out of money. At least while saving, invest on a profitable business for comfortability.

Poor planning with financial has a deep consequences, I really concur mist facts here it speaks volume in my heart, the type of investment one choose should be able to serve a good purpose in future because the money it self some view it in different dimensions on how it last in their hand , as some said is spirit but is don't agree with such because it's how you handles it that determine how long it will last and what may your take at the end.
Planning and proper management is very important when money comes to a holder investing it is a good or long term investment can be of more profitable most where the profits is very good to beacon such as BTC.

If someone is an employee or a business owner, they have the obligation to save some part of their salary or daily and weekly earnings if it's from business. Having a savings balance or saving for raining days is an obligation for salary earners. In case of emergencies, it's our savings account that can serve as the plan B. There is also need to save and invest.

That's true, not everyone can save, even those who already have a job and have a salary that they can get for a certain period of time. some people are of course used to a luxurious lifestyle but they have a mediocre income so that when they receive a salary it is only to pay this or that bill, even with what you say it is like the daily expenses which are very expensive, it becomes disproportionate to the salary which are owned. Even though money management is good, if income and expenditure are not balanced it will be difficult to manage.

A big salary might help, but what we have to look at is our own portion. If we really want a bigger salary or income, we have to be able to look at our own skills or abilities, whether we are able to do things equivalent to a higher salary. big or not, because I'm sure there are some people who are trying to get extra income by looking for side jobs, but even that is not easy to do so what happens is that it makes them sick because they are too tired from working.

Totally this is really indeed situational on which there would really be people who are really that mindful when it comes to savings and there are ones who doesnt really care and there are ones who cant be able to do so just because they do prioritize those more important things that savings. Who doesnt really like on having some extra funds that been that kept for that sole purpose or whatever you do have in mind or simply in talks of future. Having savings is really that relevant or something and something that you will really be needing up to consider because we dont know on what would happen into our lives on which it would really be just that normal that there would be those unexpected things to happen and if ever you dont have any savings then you are all fucked up and this is something that we must avoid for you to have that kind of
saving up yourself on tough situations and also this isnt only for emergency funds but also on investment opportunities as well.

Savings and investment are a balance in managing finances for a better life, we cannot possibly only have one of the two which will make it less optimal in managing our finances, so the allocation of savings must still be shared with investments and vice versa for plan B, because we will only use savings for emergency needs without converting the investments we have, unless you need large funds for certain costs then you must have high funds for your needs.

Saving should not be an option, saving is a perfect way to go broke because there's no benefit in saving. Instead of saving what you should do is to be investing. Saving puts your money to rest and money shouldn't be resting but active producing more money for you and that's the work of investing. Investing has been made easy this days with the introduction of the internet that birth Bitcoin. You don't need to pass plenty procedures to become an investor anymore, with the right knowledge you can invest from home with your laptop or mobile phone either in crypto or other online investment.

Money needs to be multiplied, don't hesitate to take risk while you still have the ability to work for your money because soon you won't have the physical strength to work for money and it is then that your money would need to replace the hard work by working for you and bringing in more money. If you don't have andy automatic stream of income from Investment or owning a business currently, you have to start working on that immediately so you don't end up going broke.

We must be careful about money because money is very important in our life. He who has money can have everything in the world because money can buy almost everything. We should not be limited to spending the money we are earning but we must be aware of how much money we are earning and how much money we are spending every month and stay within certain limits. Like I earn good amount of money now but I don't think about future then it must be wrong decision for me. In addition to having a good job, everyone should create an alternative job so that if one job goes away, there is good financial support from another job. Regardless of how much money we earn, we must spend money wisely and refrain from spending money out of necessity.

I totally agree with you on people putting more effort to the future than the present,some person has taken it open themselves to continue to lavish forgetting that our future foundation starts now, finances are not meant for lavishing, is not as if we won't purchase some luxury but before we can do that we should have a strong investment that can sustain us even though we decide to purchase whatever we want, I Believe in investing my money in a good asset because rich people today was able to figure out what they can offer as a service to humanity so that they will be paid in return and many of them has spread their tentacles to the extent that they can't be poor again because of the level of wealth they have acquired so far, if we want to be rich there are sacrifices we have to make, those sacrifice will stand as testimony when we finally reach where we plan to be.

Investing is popular, and everyone wants Bitcoin. There's no miraculous money machine here. You must first secure your money before multiplying it. Crypto is seductive. It's volatile too. A rollercoaster, not smooth. Not for the faint of heart, this game makes and loses fortunes overnight. You must continually learn, adapt, and take risks. Investing is crucial, but not everything. Never put all your crypto eggs in one basket. That's disastrous. Start with reliable investments. Create a foundation. Only if you can handle the volatility can you dive into crypto

Currently, with the sometimes uncertain conditions in life, it would be better to have savings and investments because these two things should be considered important by everyone without exception. Because in reality, now everyone can see that people who only have savings without any investment that can help them in the future, these people will be more easily approached by difficulties when their savings run out. Likewise, people who only have investments, but no savings, will also find it difficult to maintain their investments for the long term, so both must be present at this time for the sake of balance in avoiding difficulties in our respective lives.

We should have financial literacy so that we can cope without stress in everything we do with our wealth. That is why rich people has financial advisor so they can seek advice if ever something is bothering them or they want something fixed. For us average individuals we also need to manage our money so we cannot over spend on something we don't really need I mean we should always prioritize our need than wants.

This is basically how people usually get rich. If you end up writing down some sort of plan before you even get the money then you would know how to live and what to expect. If you write down your bills, your food expense, your rent etc etc and spend accordingly then you are going to end up with something that will do fine in the end which should be doing fine if you know what you are doing.

I personally believe that the best thing to do right now would be just following that plan that you write. If you go without a plan then eventually you are going to end up spending money that you are not expecting as well. This debt will eventually grow to be bigger and I am sure that it will make a lot of people upset when they realize that they overspent compared to what they make as income.

Money, it's easier to spend than to earn it. And if we are not good at managing expenses, let alone having enough money to save, the feeling of not being able to meet our needs for the next month becomes quite difficult.

Therefore, it is quite important for us to be able to manage our income and expenses as well as possible. So that our needs are still met, and we have some money to save. However, for a better future, we not only need the money we save in the form of savings, but we also need to have investments. because we cannot continue to work and make money, there are times when we are sick or approaching old age, so we may not be able to return to work, and this is where investment is important. Because through the investments we have, we will still be able to make money even though we have retired from work.

Regardless of our life’s status, we should always learn how to manage our finances. Otherwise, spending without limits and without setting goals will turn our finances going into waste, one thing that we should not let it happen most especially with our hard-earned funds. Instead, make use of your money wisely, learn to save and invest in potential projects or properties. That’s the only way you will grow your money in time. Focus on your needs, not literally on wants so you won’t be spending on useless things.

That is so true, you get to earn and work all day long and then spend it within hours or even in minutes.

That's why money management is a must for most of us. If you're a hard worker, you need to value time in studying on how to protect your money together with your assets and investments.

In my opinion, this has become a common problem, because it is very real that getting money is difficult while spending it is very easy, especially if we don't have good money management. So it is likely that we will experience difficulties in living our daily lives even though we have money which basically should be enough to survive for the next month. Also, not having money doesn't mean we don't have to not have good money management. Just in case, we should be able to have good money management.

Balancing income and expenses must be done, perhaps one way that can be done is by recording expenses. and when we want to buy or spend money on something we have to be able to consider it well, don't let us do things without considering it, like when we have a lot of money. When we have a lot of money it doesn't mean we can spend money arbitrarily without considering it first. If we already have money and a job, then we must be able to manage our finances well, considering today and the future. with our own future, of course we have to think about it by saving the money we have earned and if it has been collected it can be used to invest, but to invest we also need a good understanding, don't invest without a good understanding.

I agree that saving is crucial because our financial situations can change unexpectedly. My suggestion is to build an emergency fund of at least 3-6 months' worth of income while you have a stable job. This safety net can provide a buffer if you lose your job and need time to find a new one.

It's also wise to review your spending regularly.  Ask yourself: Am I spending on needs or wants? Can I cut back?  This can help you save more.

As for the statement about needing money to maintain relationships, I disagree.  It's possible to build relationships based on things besides money, such as shared knowledge, experiences, or values.  While it might not always be easy, it's certainly achievable if you bring something valuable to the table, even if it's not money.  ;D

I think everyone has been taught when they were little to save, and buy necessary things. However, as time went by, this was put aside. It's very true that money is easier to spend. Without good management, the money will run out faster. Many people think that they can make money continuously so they forget to save or invest. They will really feel this when they can't work, and they don't have savings. However, the way to avoid this is to try to invest, and try to save little by little.

Of course, this will have an impact on long-term financial well-being, but I think this condition is also certainly not all able to do it, especially now. If these two items have been able to be held, I think the family has entered the category of established family class because in addition to their needs being met, they are also able to save funds and easily manage their investments that have been carried out without pressure on primary needs constrained. This is the current reality.

Yes savings is important in every one of our lives. Because you can't work or do business forever, you won't be able to work or do business when you get old at some point. So if you earn money in your youth and save it, you will not have to face financial problems in your old age. You have to think about the future, none of us know the future. Even if you fall ill and need money for your treatment, if you have savings or investments, you will not face financial problems.

It is true that people will run after whoever has the money these days. But if you just save money, your money will lose value due to inflation, so it is better to invest in some other sector. You don't invest the entire amount. You keep funds for emergencies.

Saving money is very important, because we don't know when there is an accident or even calamity, and if we have savings then we can easy pay everything without getting a loan it can save us from harm or from the possible interest of the loan that we can get in case that we don't have a savings. Saving is very hard specially to those who live in a normal life because the salary is enough only to our daily needs but if we have a plan to save we can do it just like what others do.

Exactly, when we gradually buy bitcoin or cryptocurrencies that have good potential such as BNB, Ethereum and Solana then this can be used as savings. Even more profitable, if we save in Cryptocurrency, we can get additional profits when the selling price rises. Imagine if you bought Bitcoin now and then kept it for the next 10 to 20 years. Make sure you print access to the wallet you have and save it for letters addressed to our family, so that when a family disaster occurs we can access the wallet we have easily.

It is called planning to live life in the future because we never know when inflation will occur, so trying to solve problems not when they occur is a smart move.
If we have a stable income then it is natural for us to make several options, whether trying to invest, save or build a small business to get much bigger profits.

Money will never be productive if it is left to sit and money will never be able to generate profits if it is only saved.
A person must have the ability to invest or build a business because these two methods are considered much easier if someone really wants to learn how to run it more seriously. Money will be much more productive when we have the ability to take it to the right place and these two things are efforts to keep money more productive.

You should only save a little amount of your extra money, the majority should be in an investment. Saving the majority of your extra money after paying bills won't help you that much in the future, because it doesn't make any profits, it's just there sleeping and you're wasting its potential to give you more money in the long run.

Investing it comes with different risks so you have to plan every little thing to avoid bankruptcy or losing most of your funds in the process. My point is that, save if you want to play it safe, and invest it if you're a risk taker with plans.

If you have begun saving, then you are on the right path. Many people will spend their early years in debt and some manage to rack up rather large amounts at that. For those people they have to work up from a negative position, just to the point of break even (zero) and by that time hopefully they have readjusted their whole mentality to spending. The wise people in life choose to keep their debts at an absolute minimum, with the only big one worth taking out being a mortgage or sometimes student loans. Once you have got a sizable buffer, or at least a couple months worth of salary minimum, stored up then you can begin to look into the world of investing and it's probably best to start putting money into index funds as they have traditionally given great market matching returns in the last few decades.

There is no doubt its same happening around me as I have living in area where peoples never care about this and after sometimes they are having nothing to do about this with many times I personally interacted with them about this, but usually they are never caring about this which is a more problem for them, we need to be careful about this all if we need to be had better life and also some freedom about our finances which are going to be difficult day by day.
If peoples are not having saving habit this is surely going to be had huge impact on their lives and things are going to be terrible for many with things are never been going to stay at the same level.

If only everyone could do that. The amount of money one can save depends on how much one earns minus how much one spends each month, and based on the economic conditions all over the world nowadays, one can barely be able to have a lot of money left by the end of the month even if they have made a budget and are spending money accordingly. Inflation keeps increasing over time and most governments seem to not care about it at all.

15-20% is a lot, I would say one would do great if they can manage to save at least 8-10% of their earnings each month for their future because if they have some years to go for them to retire, they can save a good amount by that time which will surely help them with the time after their retirement.

I myself also experienced the situation as you described above. If we look at the current condition, whether you have a monthly salary or not, even though you already get a regular income of $ 500 per month, if averaged antiny on the trip, for example, in 20 days the department is already ress and it is no longer enough, automatically have to find a loan to a friend to meet the needs of my family a month before payday again at the beginning of next month. Indeed, this pattern must be avoided so as not to continue to increase the value of their debt at the end of the month and have to pay it off. Yes, just live it.

Two valuable things are spending money on time because time produces money ‍and when a person has only one source of income, he will be more worried about his future and more interested in saving. But my point is that saving money for investment becomes essential for people from middle-class households. So they leave the small interests for the big interests. So their investment is initially a waste of time.

No, it's not like a trend that we can say popular but it's a must and people do it all the time because there are benefits that entails with it. Not all wants BTC because some thinks it's a scam or they never heard of it yet. Before we can multiply our money, the first thing is to have a money that we can use to buy a BTC but securing it is still part of the process, since investing takes time.

Despite BTC being volatile, I think it can still be considered to as reliable because it already existed for more than a decade now. We can start and create a foundation here but before that, we need to study how it works first, practice, and start with small amounts.

TBH, I don't really get your point. The post that you commented, it explained that we don't only focus on saving but we also must have investment. Saving doesn't multiply our money along with time, meanwhile investment is raising the value of the money along with time. That's why investment is also important for our future because we may need more money in the future for various reasons.

There is no harm when people invest their money on trusted things. People can add the number of their investment gradually, even a low and middle class people can have good amount of investment if they do it continuously. For example when you invest in Bitcoin, by using DCA you can grow your investment for the long term holding effectively. Even you only have small or limited funds, it can be good amount of funds if we are disciplined to do DCA. Finally, someday we may have good investment, it is about how we can do it persistent and disciplined! It is untrue if it only wastes time, it deserves to do because it surely results in good profits if we understand how to invest in the right way.

I support every word. When I was younger, I took money very lightly. It came today and it will come tomorrow. But I'd rather save at least a small part of it. I am glad that at least now I have an understanding of financial literacy. I think you should always save money. It's even better when you know how to reinvest these savings.

Investments are fun, but they're not everything, right? I know saving money isn't as exciting as bitcoin. Your savings account is your safety nett, guy. The punches of life hit you. Unexpected costs? Job lost? Wow, savings saved you

In no way am I anti-investing. Good tool, but only one in the toolbox. Right? You wouldn't build a house with a hammer. You must diversify your finances. Don't wager everything. That dollar-cost-averaging thing is sensible and consistent, but not magical. Research and comprehend the dangers. Buying in bits doesn't make you invincible. Yes, invest, have fun, but remember the basics. Budgeting, debt repayment, and savings are the cornerstone, dude. As in martial arts, you must master the basics before throwing exotic kicks. Slow and steady wins the money race

We don't know the hell that your uncle went through to survive, so we don't have right to judge him. The reason why good people don't live longer on this earth is that many people will take your kindness for granted, they will treat you badly, and will always want forgiveness. There are some of my friends that I can't give or borrow money again. They came to me about twice and borrowed money from me, but they refused to repay it, which I hate to ask since I believe they have blocked their way to receive another loan from me some days. I know that if I keep giving them, they  will continue to take my
kindness for granted.


Of course, you can't turn down your family members, as the head of the house, you're meant to provide for them. But how can we always provide for nonrelatives who consistently look to you for help? These days, I don't know about you, but when someone sees that you have a little money to help you with personal issues, they will assume that you always have money in your bank account. They'll see you as a bad friend if you refuse to give them what they ask for. As the breadwinner, you have to endure all the stress because it is really difficult to say no to your blood.

Honestly, this is one of the right answers I've been looking for. It's not easy if you continue to consume theories that are sometimes quite floating. I agree more that someone must understand the basics of managing finances so as not to fall into a vicious circle. I don't have many sources of income, but even though I only have one source, I want to set aside some savings to meet urgent needs in the future. However, investment is also good but doesn't seem suitable for some people who have minimal sources of income.

If you have found a way to manage your finances well, of course this will enable you to set aside some of your income to save it and have savings for urgent needs, of course this is very important, because we will never know. when do we need these needs and it will be very difficult if we don't prepare savings for these needs, yes for some people who have few sources of income of course they will have difficulty thinking about investing because for them they only have income to meet their needs.

yeah there are many things that need to be taken into account, but if we are focused on building financial wellness then I guess focused on saving and investing is fine.
the other thing will follow I guess and honestly we can be spared of many things by just having the right insurance anyway so that should be taken into account as well.

if im building my wealth i'd be more focused on trying to hustle as much as I can such as increase the source of income so that I can be safe from whatever scenario there is such as massive lay offs and the likes.
personally I just don't feel comfortable having limited source of income so i tried many opportunities available though most of them just outright fail but some succeed too.
if you want to increase your income its all about trying out and see whether things gonna work out or not and if they do, well its already a massive financial advantage for you.

however, this is also included in financial arrangements. Bad financial management will result in poor financial conditions. We do need to fulfill basic things such as paying for basic needs, saving, and so on. However, we also need to think about investment strategies. This will really help us in the future when we have no source of income. However, all aspects of finance are very important, we need to learn the basics so that we can meet all the necessary needs now and in the future.

Savings is a power of the future.  But if you save in an asset instead of saving in fiat money, you will get profit from it besides saving that money. So at present focus should be given on investment rather than only money savings.  And should have a good understanding of investment strategies. Then this future will be bright. For this one should have a good understanding of money management as well as a good understanding of investments

That's clear, if you don't manage your money well then it will be difficult to save even though you have to. In general, people who don't have a job or income, maybe it's still natural that they can't save unless they force themselves to save by setting aside their pocket money. which he got from his parents. However, for those who already have a job and already have an income, they should be able to manage their finances well by being able to meet their basic needs and set aside some money for savings, even though there are those who only work for barely enough wages to meet their basic needs but don't there is no harm in trying for better results.

that's true, indeed investment can help us in the future, because investment can be done if you already have a good understanding, unfortunately only certain people do this even though they already have more than enough income but if they don't have the feeling to invest then don't If this happens, maybe they would prefer to save it in the bank, but that is also pretty good money management.

If at this time you are aware of how to use money and also understand how to save money through the knowledge you have gained in financial literacy. Of course you also won't be so afraid to make investments in assets that can bring you more money in the future and in this case I think you also already know that investments like Bitcoin are worthy enough for you to rely on as a future investment even though you also You can consider investing in other things as long as you have enough knowledge about them.

But when it comes to saving money, you also have to realize that the value of money will not always be the same if you can make comparisons through the prices of things you usually buy with money. So you only need to save enough money because the rest would be better to direct into investments that can provide more value to each of us in the future.

Investment and saving both are necessary because saving can help you during an emergency while investment helps you to earn well in the future when you don't have the ability to earn lots of money to manage your life expenses.

I want to say that we should not focus on only one but should keep continuing both of them as ignoring any of these can be harmful for us. Divide your saved amount and use 50% for each so you can handle all the situations either it's a matter of emergency or it's a matter of salary for the future.

Always set back up plans on which it wont really be just that Plan B's but rather going into further more on which we know that there's no assurance that we could really be having on this world on which
there's no assurance that you wouldnt really be experiencing those crisis on which financial back ups would really be that relevant or something that recommended.

The thing on here is that not all people would really be given out that kind of opportunity on having that good financial condition or state. We are still thriving on day to day basis
on trying out to attain or achieve such state. We do know that tons of people doesnt have that enough salary or finances on supporting on day to day living.
For those who does have then consider yourself lucky because conditions or situations will really vary person to person.

It would really be just that common sense on what are the ideal things that you would really be needing up to considered to be prepared.

Actually many people does not know how to save money both of them know how to spend the money so what we successful in life will have to learn have to keep saving money in different way because my you have money I'm the after everything you does not have money again it remains a man to be depressed in life and they eat also shortcut to the life of any living soul so so keeping your money and a good conduct will make you not to fall

Indeed, we must be able to carry out this act of saving because in my opinion this is one way to prepare for a better future, such as by preparing capital to open a business or to get married (if you are still single). Everyone's thoughts are of course different, not everyone is happy with saving or investing, because each person certainly has their own thoughts and their own desires. but what is clear is that they definitely want a better future and that must be prepared by saving which is one way of managing money which is quite good, with those who save but don't invest it doesn't mean they can't manage their finances well because even saving is included. good money management. because I'm sure those who save but don't invest have their own reasons.

If you want to invest, of course you need good knowledge and understanding first so you can invest well so you can try to avoid losses that might occur. maybe with those who save but don't invest because this is the problem or they are not interested in investing at all so they prefer to save their money like in an official bank.

I think we really have to learn how to save now y so that we are not going to be a slave of money. The only way we could keep making money is through the ones we have saved especially when we invest the funds for something else. We need to alm down and make sure that we don't end up putting our funds in an investment that would later crumble due to our mistakes and not following advice that would help us to keep going. Money is very important in everything we are doing and that is a good reason for us to be patient and make good use of what we have so we don't go begging afterwards. As we are making money, it is good we always save so we can have what to spend always.

After a certain time man cannot earn much money if he wants. So he should also plan to retain his money during the period in which he will be able to earn money. Holding money is not a simple task. For some it may be easy to earn money but he cannot retain money and for some it is difficult to earn money. If one wants to earn money as well as keep it, he must educate himself accordingly. You have to prepare yourself that way. After earning, they can't progress much if they spend it recklessly. For this they must make some sacrifices. Focus well on how to keep your saved money and how you spend it.

Probably not everyone who has been into crypto considered this, especially those who just jumped into the hype and the rising popularity of bitcoin since a lot of people are already profiting from it. Some people may think bitcoin will give them fortune in a short term period, but nah we all know that won't gonna be the case for 1-3 years when you don't have enough capital to double in a 4 year cycle, because most likely, for those who just bought their first bitcoin chances are, they are just going to double their money when bitcoin makes another run and hit another ATH. The good thing is, bitcoin is almost a guaranteed profit compared to any alts in the market, that's why some investors who have been here long enough to understand how bitcoin works, consider it a place where they can save their money.

It is indeed a big challenge for people who have limited income to invest, because it is impossible for people who cannot fully fulfill all their main needs to set aside income to start investing, so the main key to being able to start investing is when their income has met all their main needs and there is still some remaining percent that we can ultimately allocate to investing, that's why lower middle class people will have difficulty improving their lives, unless they can get out of low income and start managing their finances well so that their lives become better.

The main obligation must be to meet routine monthly expenses for basic needs, because managing savings is not an obligation for everyone for different economic classes. They may be able to set aside part of their income for savings even though the allocation of savings is not routine from monthly income, but those with low incomes must get out of the safe zone to increase higher income because the need for funds to buy basic necessities is increasingly expensive.

Relative poverty data from various countries is getting worse due to the impact of the global economy experiencing inflation which influences various aspects of price and service increases.

To be able to have savings, of course we have to be able to manage our finances well and we have to be able to meet our main needs and set aside some of the income we have so that we can save and it is difficult for those with low incomes to be able to manage their finances well and look for other sources of income. Of course it is very important if we still have low incomes, as you said, it is absolutely true that the price of basic needs continues to increase and it is difficult for those of us with low incomes to fulfill them and one solution is just to have several sources of income to be able to meet the basic needs we need.

Saving is something that is very necessary for future needs. I myself have been doing it for several years and until now. As much as possible, I not only save but also invest. I usually set aside 10% of my salary to invest in Bitcoin so that at retirement age I don't run out of money. The money will continue to flow even if I don't work because I already have savings and income from investments.

That's right, indeed for a good future of course saving is one of the things that must be considered, of course saving is something that must be done, even I think most parents will definitely educate their children to save. Preparing for the future depends on ourselves, if indeed we can do good things then the future can be good. Because I also think saving helps us when we are in an urgent situation, such as illness or disaster, of course when we are in that position there will be costs that may be a lot to be incurred and that can be handled with the money saved.

It is true that investment is good, especially if we can understand investment well in terms of knowledge. With you doing that setting aside 10% of the salary you get is good, because you can do both and of course that's good, I think you have more than enough income so you can do both. But is it done consistently?

Saving at the same time you would really be making some investments as well because we do know that cash or fiat is something that been affected with inflation on which year by year which your purchasing power would really be that be mainly affected. On the moment that you do keep on saving up and doesnt have any other established business or investment then you would be having a hard time on trying out to sustain at least. Well, it would really be just that depending on someones preference and thinking on how they would really be handling up themselves in speaking about future things or goals and point of view.
Some people doesnt really that think about on saving on the moment that they are on a good condition or on the moment that they do know that they are making money or earning sufficient.
This is why on the moment that they would be experiencing some hardship when it comes to finances then this is the moment that they would really be considering on saving up but well its already late
but still not that very too late.  :)

For beginner need to understand well about which one good side for investing assets but they can start by saving money firstly as in the bank or use other platform ways. I think good ideas when spending 10% as salary for saving assets indeed hold it in the bank or put as investment assets depend our skill understand well about more increasing investment way or not. Usually all parent hold their saving money in the bank although get inflation values but most of them lack knowledge about the most worth of investment way than saving money in the bank without increasing yet.

Saving is most crucial aspect can help us in the future or getting emergency situation, most of us difficult get loan at the other when having urgent needed but prepare saving money will more useful one day later.

Yes, savings are a way for our security in the future, savings are really needed for us because after all we have to have enough savings for our old age, don't let us have to work again in our old age, from now on we have to think about create our savings which we will later use in our old age, because when we are old we no longer have to work like when we were young now, have several assets to support our life in the future, by investing from the present for our security in our old age, because it is very sad when we have to continue working in our old age, now there is still time for us to set aside little by little from our income to guarantee our old age.

Saving should be started as early as possible because when you know the importance of saving from an early age then with the passage of time you will also know the importance of investment but if you are ignoring the value of saving then you will never be able to manage your expenses and earn an extra amount through investment.

One should fix a certain percentage for saving because without planning for your salary neither you will save money nor you will be able to sustain a plan for daily uses therefore make a plan before doing anything. If we have missed the chance to save early so we can save now but it is important to share the idea of saving with our children so they will not face any trouble in future.

Nothing is bad in saving but saving for long term in a country where inflation is high is a very bad idea. It's not everything you must invest all your money into, you may need money for emergency purposes, you might need money for health related issues and even insurance, this is where savings help you but when you are saving for years, the money start to lose it's value because of inflation because what you save to buy this year can't be the same price the following year, the price would definitely increase.

Investment is the best of all, if you aiming for long term money value and savings, it's what you need and what you need to be able to buy what they are selling at lower price today and be able to buy tomorrow even when the price has double, a saving would need an extra money to be able to buy what you need when the time is right.

     You know what you're saying is true, because that's where you can measure how you budget the money you have, especially if you're a family person and you're the only breadwinner in your family. That's why having a regular job is not enough; that's why most people are still looking for other extra incomes just to sustain their other costs in life.

     Then, if you're going to enter the crypto business industry without a stable income, you're going to have a bit of a hard time at the beginning. It seems like it can create or even give us stress, but this is also where you can really measure how capable we are of finding a way to get money. .

Some people whom is management is people that cry at the old age when you are young and you are seeing money everyday it is left for you to manage the money well knowing that nothing come every time and did nothing lasts forever when you fail to plan well then you fell to achieve well in your old time that is what I have to tell you people so that you can understand that having a reserve is most important thing that a man supposed to do

We shouldn't manage our savings like to tap into it gradually. Saving is meant to do a particular thing once and not for daily or weekly catering expenses. What should be tapped into is the mecellinous. Which is the money that we keep aside for little and minor expenses after taking care of our monthly needs, emergency funds, and investments.

Savings can be money we gather after a while that we use to start a business or achieve one or two properties. It could be appliances, or landed properties to mention a few.

It is true that many people can't hold on to money that actually costs money but it is very important to save money for a better future. So that if there is any money problem in the future that problem can be removed with the money saved. The religion of money is like a fluid easily out of hand. And we waste without knowing it so the first thing to do after getting the money in hand should be to identify where the unnecessary expenses are.

I really advocate saving money and I consider it more important than investing because it can help us in emergencies. But I have to agree with you, it is a bad idea for us to save long term because our currency is losing value every day even in countries with developed economies let alone countries with high inflation.
Regarding investment, we have many options and depending on each person's preferences, we can make appropriate choices. For those who prefer safety and stability, investing in gold or real estate will be a much better solution than long-term savings in fiat currency.

There are always daily needs and other unexpected needs. This is where we need to apply money management properly and carefully, if we remember and frugality, it does not mean that we are stingy, so for us to live it will be easy.

Maybe everyone also knows cryptocurrency gives us more opportunities when compared to other places, but the risk is also higher but the current economic conditions make it difficult for many people to increase income except those who already have a monthly salary and even then often still not optimally meet the routine monthly needs if you want to invest in crypto or others.

If the reserves you mean are in the form of money, this will not always save our lives in old age, because the value of money can also be eroded by inflation or by increases in the price of goods every year. So the only thing that can help our lives in old age is investing in assets whose value will not be eroded by inflation or any other conditions. And if you see an old person who is starting to have difficulties in his old age, even though he used to be rich in his youth, it means that he did not invest his money so that his old age becomes more difficult.

Investment is one way to save the value of the money we have, save it from inflation, and make us make a profit. Saving will not make someone rich, there is no profit that can be obtained through this method. Basically, investing doesn't just have to be in crypto, but currently crypto offers greater opportunities to gain profits, provided we have to learn and understand it well. There is no investment without risk, the amount of profit is always directly proportional to the risk, therefore everyone who decides to invest in the crypto world should be quite aware of this.

Overall, we cannot avoid spending money, there are always needs that must be met to support life running as it should. It's true, investing can only be done if someone has an income greater than their needs, it doesn't have to be a fixed income, but I think the money invested must be cold money. If financial conditions are inadequate, only enough to support daily needs, then investing will just be a dream.

Yes, if we only focus on money, it is very risky because money can decrease due to inflation, so we should use assets whose value is not affected by changing times or other things. It would be a shame if we only held money, and when we were old it turned out that the money was no longer as valuable as it used to be when we collected it (saved).
Now there are many options that we can choose as assets for us to invest in for the future. If we believe in bitcoin, then we can invest in bitcoin, if we believe more in gold then we can also invest in gold.
Apart from having to save or prepare for a better old age, we also have to be able to understand what will save us, lest something like what I said above happen.

Saving in fiats is also important because it can be used instantly. Meanwhile investment, it sometimes takes time to convert it to fiats, it cannot be used instantly. So, you can't state that only investment that can help our future. You must understand both saving and investment are very helpful for our future. Don't only view it as something that can multiply our money, but also view its function in our daily life! We do any transactions in fiat or our national currency, we don't use investment for this purpose.

People have different situation. Even if there are people who experience it, it doesn't always mean they didn't try to have investment or saving in his youth. They may already use all their saving or investment for a certain purpose. We don't know what the experience of each person, people sometimes have financial problems due to certain problem in their life. So, don't judge people easily!! 

Yes maybe saving can also be useful to be used as an emergency fund to overcome problems that occur unexpectedly but on the other hand I can't choose or can't say about which one is more important between saving and investing, because of course both are quite important and recommended to do if you feel financially capable of doing so. But on the other hand, I think I would agree with what you said that saving money can make us lose the value of money because of inflation that can occur at any time and I think it is because of this that people prefer to allocate their money to investment, and yes for the problem of what type of investment they will choose basically for this problem really depends on their respective beliefs or beliefs, which usually maybe more of them see in terms of significant profits and for myself so far I am still maintaining my investment in Bitcoin while waiting for the halving phase in the next four years.

Everyone can't have savings and the reason is as you have mentioned, not earning enough money. A person who barely earns enough money to survive a full month can't set aside an amount from it for savings because you can't save money when your family is starving for food. Such people often borrow money from others to fulfill the basic needs of their family by the end of the month because their salary doesn't cover a full month.

Having savings is a privilege, someone who earns enough money to fulfil the basic needs of their household and still have some money left behind for savings is lucky because we live in an era where many people barely survive with the money they earn from their jobs which makes them do overtime or try to have multiple sources of income to fill the gaps.

But you need to distinguish that saving for emergencies is different from saving money over many years for the purpose of accumulating assets. Inflation and currency devaluation are extremely dangerous, but for short-term or emergency savings, devaluation is not too significant and not worth worrying about.

In addition, not every investment brings profit without risk, so you need to consider and allocate capital to invest appropriately. The mistake I see many people make is that because they are so eager to get rich, they don't have any savings and put all their money into investing. But they do not know that risk is always lurking behind and can attack them at any time, investing is not as easy and safe as they think.

Maybe for people who really manage their finances very well and carefully, they can save money by sharing it, but in general I think they save only for unexpected things, such as medical treatment or dealing with disasters that occur, but even that is something that It's a good thing to do, because it's better like that than not saving at all. Of course we have to save for an emergency fund or something else. because of course life will not always be smooth, there are problems that must be solved using money as a tool.

It is true that not all investments can bring profits, there are times when losses occur and this is only natural because for profit or success of course there are failures that usually occur, but this can be minimized with our knowledge about investment, the better the knowledge, the smaller the risk of loss. . And you need to remember that investing is not as easy as turning the palm of your hand. Don't assume that investment will only produce profits, of course losses will also accompany it.

That true. In terms of priorities and needs, of course, everyone is different, and I think there is a point, as you said, do not draw conclusions too quickly, although what has been equated by @wmaurik also has a basis as well.

I really agree why savings are needed where whatever our current condition as much as possible there is a little reserve for emergency funds and this is as the last alternative if you really want to be issued if indeed other solutions no longer exist without having to take loans to other people or apply for credit to banks and this is a win-win solution and as one of the best ways to protect yourself from unexpected situations.

In today's world money plays the most important role in managing people's lives. If one has money then he can do whatever he wants. Moreover, in personal life, there is no substitute for money, even if you survive in any bad situation. That is, without money, people are almost worthless. This means that not everyone will always have it. Even if one has money today, there is no guarantee that one will have it tomorrow.
To retain or save money, a person must take several steps so that he is able to retain his money naturally.

A person must have a good plan if he wants to save money. He needs to have an idea of how much money he can save apart from his monthly expenses. If you want to save money, you must stop spend in unnecessary things. You should also set your own goals. If there is any debt then that debt has to be paid. The area of income should be increased. A person will be able to make a big contribution in the retention of money if he takes a decision by observing the above mentioned points.

I don't really agree on this because in the end investment should be about profit, not loss because why do something in vain. Meanwhile, when we make an investment but actually make a loss, that is not an investment because the essence of investment is for profit but we ourselves are unable to make the right choice and force things too much so that the investment we make ends up making a loss in the end.

Therefore it is important for us to do things according to plan so that what we do, including investment, actually puts us in misery and we can only do this if we don't rush in deciding something and of course We also have to be prepared with planning and all the possibilities that will definitely happen.
Be smart in choosing especially for investment because the investment system is for profit and enjoyment in the future, not to make ourselves feel trapped by what we do.

People save because any time he may face a danger in emergency time he can use his savings to solve his problem I agree with this. Many people also save for other purposes, such as living a better life in the future, saving money and investing somewhere. Because we are self-employed people, we cannot invest immediately even if we want to. to invest we have to manage funds that come from savings. so saving is very important in everyone's life. a person who can save money without misusing his money can be financially happy in his life......

Since both saving and investment are necessary, why we must choose one of them?
If it is possible, I suggest to have both saving and investment. Saving will be aimed for reserved funds, investment has a target to earn profits. In this way, we won't be worried about having fresh money to use at any time and we also have the allocation in the investments for earning more money. I'm sure everyone will have both of them as long as they have enough money.

In saving, we may lose the value of money but it won't be very significant. True, it is caused by the inflation, it is something unavoidable due to the worse situation of the world's economic and financial system. However, we can't rely on investment only to secure our financial. We don't forget that investment has a potential of losing money, too. Investment isn't a way to get profits automatically. Even, in investment, the chance to lose money is higher. Specifically for the investment with high risk such as crypto investment, we don't fully rely on it. Spreading the funds on some fields is the best way, including put some of the funds as saving. Bitcoin, real estate, lands, and gold are some options to diversify our wealth. Don't only maintain your wealth in Bitcoin although you understand the cycle! We need to have other sources, make sure to have 3-4 sources of our wealth.

Sorry for not being able to explain clearly. What I mean is that people in middle-class households cannot invest in anything they want because their limited income makes it difficult to manage the household. Those who have only one income field have less income, so they have to save first if they want to invest. I am not saying they will save to earn good profit. They will save to raise investment capital.

Saving money is first step for investment in something. We should avoid over expenses and should spend our money on only useful things. If we will buy  luxury things and we will buy it on installment ,that is foolness. Man should make budget and he should research on good stocks where he should invest his money. But he should research on the business behind the stock, if he will his money blindly ,he will lose his money and then he will investment in stock is bad and he will advise every person not to buy the stock and keep the money in the bank that is bad idea with my personal experience.

Savings is your friend in bad times because you can earn a lot of money by working or doing business when you are young but you will not have that ability when you are old. That's why you need to reduce waste of money in your youth and make savings so that they can support you financially in your later years. In this case, you can keep your savings in an asset, in which case the value of that asset will increase over time, so you will not lose the value of your savings.

It's sad that from the poor to middle class are dealing with the same thing but obviously, the poor is the one that's struggling more. While before and several years ago, the middle class can live a lavish life without having any problem at all. And now, this seem to be the new poor description by being in the middle income earners. But there are a lot of middle class that are wise with what they earn and learned how to save and to invest properly so that they won't downgrade their lifestyles in the future.

Doing work until old age I think is very difficult because old age will limit us from doing activities like when we were young and deciding to save at a young age of course this will prepare us for a better old age and we will also be able to enjoy together with our family in the future, reducing expenses that we don't need at a young age, this will be very beneficial for us and we can use the money to save and we can even make investments because by investing in assets that have good potential, of course this will making these assets profitable with prices continuing to increase.

Whether or not you're always should be concerned with saving money,you don't necessarily need to be a billionaire but its important to have money saved for the future,I mean a good sum of money.Whatever happens,you need to be responsible for whatever you earn and save/invest,ensure that you still have enough money for the future that'll cover your unexpected expenses.

The sooner you start shaving your, money, the more likely it is that you’ll never face a lack of money or financial stress.Everyone recognize s money as valuable,since money is always importants,its crucial to make plans so you will always have enough;therefore,earn money,save money,invest and take a responsible approach towards acquiring and saving money without allowing it to cause you problems in your life.

Currently it is quite difficult to save and invest, and this does not mean that we have to be wise in thinking about finances for the future, but the current economy of society is very difficult, especially for those at the bottom who work as farmers or fishermen, let alone saving for their needs. everyday life, even now it is difficult, because market prices are uncertain, how do they think about retirement benefits in the future? They don't know what day it will happen.

This is what our society is currently experiencing, the current economy makes it impossible for some of us to think about a more beautiful future, because our income is uncertain.

That's right, by saving the percentage of becoming a billionaire is very small, it also means capital and that is very far from my mind. Indeed, becoming a billionaire is a dream but it has to be done through effort which is not easy and of course if we don't have activities that are able to generate large profits every month, but, in my opinion, it is difficult.

The most positive thing about essence savings for me is that there are funds that can be withdrawn if we are in a weak condition. Whether the economic condition is weak or critical, at that time this needs to be handled quickly so that it can be resolved.

I prefer to allocate more money in investment and business than saving in the bank, even though savings are also important because we don't know when we will need money for urgent needs. We must be able to regulate this percentage optimally because without a concept in running our lives we will never be able to adapt to conditions that are much worse.

Being stingy also has a measure and that must be differentiated because the most important thing is that we are not so stingy when it comes to matters of need. If we are stingy about spending money on unnecessary needs, that's good and maybe it's not stingy. Rather, we adjust our needs and expenses so that we can make adjustments to financial problems.

The aim is to provide the right decisions in the future and we are not faced with problems when economic conditions become worse. Without a plan we are unable to prepare for a much better life and instead we will be faced with problems in the future.

Yes, when we have money, spend it as we wish. At least if we don't have money in the future we won't feel disappointed in ourselves for not buying what we want when we have lots of money.

Having lots of friends when you have a lot of money is normal, or not having friends when you don't have money is also normal, so there's no need to be surprised or overly prejudiced. What's unfortunate is that when people have a lot of money but no friends, everyone stays away from us, so we need to worry about our fate in the future even though we have a lot of money.

So don't think that when people approach us because we have a lot of money. If you go on a trip, and you invite your friend, while on the trip ask whether your friend brought money. I made sure that he brought his own money even though you invited him. This means that your friend doesn't fully expect you to pay.

There are people who can share their finances, but I think this is done by people who are very good at managing their finances, but saving for anything is of course a good action because not everyone can do that, of course there are people who already have an income. but they can't save their money, even for an emergency fund, they can't do it, because everyone's income is different and maybe with those who can't save for the long term, I don't think it's a problem, even with those who can't save for an emergency fund, maybe that's because they have sufficient and limited income.

If we really want to invest, of course we have to be able to consider everything first, such as risks or aspects that must be prepared before investing, such as having savings outside of investment or emergency funds, because of course the investment we make also has its own risks, such as losses that could occur if we don't. have a good understanding or knowledge in investing.

You don't have to say we enough money and use the first person pronoun and not the second person pronoun "we" because not everyone here have enough money and as other have said, everyone will not have money money as the same time and it is good for one to save but you don't to advise people to save because foe one to save he must have enough and solve his outstanding bills and it is the remaining balance after the payment of the bills that one can save.

If someone is paid good amount.of salary then he can save if not there is no way one can save.

Saving is very important and it plays a huge role in our lives because life is always full of surprises. But one thing I see is that many people underestimate saving, they always have the stubborn mindset that inflation causes money to lose value and they don't want to have any savings. Meanwhile, they never even know what their country's inflation rates are and how they change. Instead, they think about investing and investing all the money they have, they dream that investing will help them beat inflation, help them become rich. They forget that making money is never easy and is even more difficult when it comes to investing because the higher the return, the higher the risk.

Even billionaires and top businesses always have money saved for emergencies, but surprisingly, retail investors like us think saving is wasteful.

The value that the middle class has been receiving and have is shrinking due to inflation. While the rich getting richer due to the opportunities that they are having. The economy that we're experiencing isn't really suitable anymore to live a wealthy and easy life when you're in the middle class. We don't even have to think about the future but we're here to have bare enough and to survive. A sad reality but everyone of us are keep on trying.

People's that have money there miss use their money instead of them to be used the money do better thing or established them into another till when the money has finish they will come later regrets, which they will nit even know how the money take finish. One thing in life by the time you money you have many peoples close to you but once they see that the money has gone they will definitely disappear from you Side, and that's is is good to know the type of people's that you can make friends with not the ones that only knows you the time that you have something on your hand and easily far away from you the time that you're empt handed.
Actually the amount of the money we are earning now is divided into two part accept those that are not divide their own, and if we look at it divide amount of money we earned daily or monthly is the best ideal for this country our country we living. Expecially if we're taking one part to invest even thought the work that we're doing has stop we can the reason where to get money or how to survive with your family's with the small investment you do you can support yourself and families. But not all the people's are think of that till when the financial crisis has happened to fi them they will be later regrets about save or invest.

Rich or wealthy people would be normally be that sitting on the top as always since they are the ones who do continously making money while to those who are sitting on the middle and low would surely be experiencing even more hardship as years passing by. This is why its not really that shocking that those conditions wont really be changing up not until you would really be making out such act for yourself and find for another opportunities.

Success isnt something that would come into you if you wont really be taking up any actions. If you do find yourself having that financial struggle or lets say you do have that good opportunity on earning money but doesnt have that good management out of it then it would really be useless or pointless. If you do like to have a progressive life and wanting to have that kind of success then you should really be that wise and making up those decisions which would really be getting in line on what you are projecting on or simply on what you are targeting into. We do know that when it comes to this then each person does have that different approach.

Savings is for emergency purposes but we do know that it isnt really just that only for emergencies but also for other usage as well such as investment and making up some business.
It would really be just that depending on how you would really be utilizing those amounts for the benefit you could really be able to get but of course you would be needing that proper planning.

Not everyone lives with adequacy in terms of money but they continue to improve their mindset to find opportunities to get much more stable money. Mindset will affect people in pursuing financial stability and although sometimes it is difficult to achieve the best in the absence of capital. As long as we want to try there is definitely a way because the most important thing is we have the intention to improve the standard of living for the better.

Not everyone is born with wealth but there are many opportunities for people to reach the stage of wealth. Opportunities to get it can be done by using several ways, such as working in other people's places to collect capital, then just struggle to develop their potential after capital is collected.

I think everyone wants to have money in their old age, but sometimes when they are young, there are still many people who are not aware of saving. Even when they were young, most people spent their money on unproductive activities such as partying and so on. Therefore, saving is important and you also need to train yourself to do it. because the benefits will be felt when you retire.

This year it seems that not many rich people are able to maintain their wealth. Because intelligent rich people will definitely consider that there will be very difficult economic conditions and there will be inflation which might worsen financial conditions in their country. Therefore, rich people who have prepared everything will definitely not be affected by inflation. In fact, wealth will grow even more when inflation occurs.

I would not consider it wrong to save, because in general it is still very useful for anyone. But in terms of saving, everyone also has to be smarter in choosing what is best for them to save at a young age, because if they only save money without thinking about inflation, it can destroy the value of money itself. I think people who do things like that have made a mistake in choosing their savings options, because now there are many other options for saving besides money and that is something that can really save our old age.

Examples are saving Bitcoin, gold, and also buying more land in strategic complexes because this can enable everyone to reap quite extraordinary results in their old age. Because as we have seen, Bitcoin can be relied on as a savings and investment option, as well as gold and land, which always experience an increase in price every year, although the price increase is not that significant if we compare it with Bitcoin. So don't just take the savings option on money alone, but be smart and wise in choosing assets to save for a bright old age.

Yes I understand you. There was a book I read when in primary school"Without a Silver Spoon", that means nobody was born in Wealthy Parents" but their parents hustled in life to make them become the person they want to be today. Then there is another song I use to listen even now. "Celebrate " according to the song writer, he was born with a Silver Spoon but he lost the Spoon, so he has to start from the beginning. And there is a boy I know in my residency, he won $8,000 with the current exchange rate and nobody knows that he has such amount, meaning not everyone that has money showcase themselves as you said. Good thinking is one of the best wealth in life.

In this present day many people don't need to be born with a Silver Spoon but their knowledge, and good thinking can make them rich.

Friends, wealth isn't luck. Finding chances and taking the risk is key. Watch the winners; they're not waiting for something. The next big thing is always on their mind. Just because you're struggling doesn't mean you should give up. This is a wake-up call to change tactics. Instead of just spending money, the wealthy thrive by finding methods to generate more.

How to get rich? You need a plan, like a solid workout. This isn't gambling or hoping. Much like an architect requires a blueprint, you need a financial strategy. Financial diversification is crucial. Not only emergency savings. You invest in stuff that could exponentially grow your money. Creating several income streams so you're not reliant on one wage. Rich individuals don't work for money; they manage it. Don't only earn; do what you earn. Better investments and spending habits are needed.

I also don't really agree with this because however we must understand that even though the goal is the same, in the end saving and investment have differences in their sustainability so that even though they are literally the same, they are 2 different things where we know that Investment is saving the money we have for a certain period of time in order to get greater profits and saving is a form of saving that we can use anytime when we need it and does not mean that saving is the first step to investing because in the end the money from savings can be used for anything not only for investment considering that the money from savings can be used for any purpose. Saving is a form of savings that we can use anytime when we need it and it does not mean that saving is the first step to investing because in the end, money from savings can be used for anything not only for investment considering that savings are flexible and can be a reserve fund that we have.

Indeed, in this case management is necessary but in the end before talking further about looking for stocks or whatever it is we need to know the capacity and financial condition we have as a form of good management because in the end the investment aspect follows from how finances we have.

They know how's the global economy works. I'm not sure if they have seen this coming but they're moving their money to real assets like bunkers and other assets that can retain their wealth. But even with that, they're not going to the point of losing their wealth. They know this money game and they can maintain their statuses even if the global market collapses. And that's how they are becoming richer, not just all about making money but to see what's coming ahead of time compared to the most of us.

That's true, being bankrupt can really bring a lot of insult in one's life and it will make you to look less of you, that is why it's always advisable to have the knowledge of management on how we spend our money, in order not to be embarrassed in the future because if we spend carelessly and be bankrupt later in life, we will be the one to suffer it most, even if our friends helps us, they will eventually be tired or decided not to help you once and this can lead to depression or frustration which can lead one to do things that are not lawful and acceptable in eyes of God and even to the people at large, so we should not live a life to impress anyone or spend carelessly.

that's true, of course everyone has a different financial income, even though there are people who already work and already have an income, that doesn't mean they always have money, of course their income is just barely enough, which is only enough to survive on a daily basis by making ends meet. just daily needs. Therefore, they cannot save the money they have because the income they earn is only enough for their daily needs.

but what you say is true, of course they will definitely try to improve their mindset where they will definitely do other business to be able to have more income because they also definitely have the desire to have something they want which of course requires a certain amount of money to be able to buy it. and everyone certainly has a different fate.

Per study, there is a specific age range where your physical self and career peak (including your salary).  And because of that, you can save some portions of it and invest to grow and/or use it for later.  We need to learn to save now so that we have to spend in the future.  In my culture, it is saddening to see children providing for their parents because their parents did not save during their peak career years.  Let us break that cycle.

Apparently, poverty-stricken people may appear to be struggling more when seeing their suffering. (sorry - I am not belittling them because I don't have the ability to belittle them) The middle class once lived a good life without any kind of calamity but in today's context it has become really difficult to live in an economic crisis with these rising market prices. I am saying that the suffering of the middle class is greater because they are far removed from their position and cannot tell anyone about this misery. In any case intelligence must be introduced through creative planning and action to manage life smoothly from now on.

That is the real situation now, almost everywhere in the world regardless of the kind of living and status of life in each country. You will see the huge gap of the rich and the poor with the middle class. But I think that middle class will be able to survive and adapt more with the situation because of them came from being poor and don't want to get back on that tough situation of their lives. I wouldn't classify myself as rich and I think I belong in the middle of middle-poor class.

As said, middle-class people easily adapt to every living condition. The ongoing economic situation around the world has made people keep their needs limited and move towards saving more. We don't know what could happen tomorrow. Already, more countries are struggling because they aren't able to support their people by providing proper food. As mentioned, the gap between the rich and the poor keeps widening, which itself is an indication that the system isn't functioning in the right way.

Those who belong to the middle class will of course be able to easily adapt to every situation they experience, because when the income they earn is difficult to meet their needs, they must be able to restrain themselves by not forcing themselves and must be able to endure what is available.

Saving is of course very important, whatever income they have, they must be able to save a little after meeting their needs so that they can save and it will be very difficult to survive in these uncertain economic conditions, so having savings will of course be able to help a little in dealing with conditions. The economy as it is today and the gap between rich and poor will certainly continue to be a problem in society and will be difficult to control if the economy does not improve.

People who grew up to be rich would definitely have a harder time adjusting if things were to look down in terms of their financial situation. They have never experienced having to save or looking for a cheaper alternative sometimes even forcing ourselves to not buy something we want simply because the money can be used elsewhere preferably somewhere much valuable.
Saving is for emergencies or for lifelong plans. If things were to happen suddenly, you have your saved funds. But when saving you should also have a clear plan for what to do with them. Do you want to build a business with it? Invest it in crypto? In stocks?or maybe you just want to buy a house.

Money is devalued more and more each year so no point in keeping all that money for nothing.

If the income is uncertain the money that I get is spent there is not much money in hand to save. We often hear such things. Whatever income you have now you can save from it if you decide to everyone wants a beautiful future. Before starting any work if the goal is fixed then it is much easier to achieve it. Also set some goals before you start saving.

among the lower middle class, let alone saving to be able to live until next month's exams, they are already grateful, especially since their salaries have not increased but the prices of necessities continue to rise, so they can only tighten their belts even more. On the one hand, an undeveloped mindset makes financial management increasingly less well organized, and in the end they just surrender to their fate. especially for those who are married and have children who need money

Most of the people are willing to learn how to save and manage money effectively and efficiently. but sadly some cannot do it due to different situation or how much they in earn (mostly the money they earned just went to food and basic needs allocation.). Hopefully, someday all of us could have financial freedom and more on investing for us to enjoy early retirement.

Well, the system for some has been functioning well but it's true that for most it isn't. Housing is expensive, every consumable goods have been rising as well.
So, if you're not the type of guy who can't cope in a living survival mode, you'll barely make it. But with all of these struggles, it pushes each of us to adapt and be the best version of ourselves even if our pockets aren't deep compared before when life was simple and easy.

The current situation in the world, regardless of the country, is pushing people to think about tomorrow more seriously than before. One way or another, the state used to provide concrete stability, Now everyone must rely only on themselves. At the same time, it is very important to take care of your old age yourself, and not place these difficulties on your children.
Therefore, not only savings, but also opportunities for additional income, which can improve your financial condition not only today, but also tomorrow,should be the main goal.
But we must not forget that we only live once and we are surrounded by loved ones and family.

We all need money to provide for our families' basic needs. Know your income and spend less than you earn. Just because you have the money doesn't mean you should buy things that aren't absolutely necessary. Try to avoid debt and save for the future. It is critical that you plan how you will spend and save your money. Understand the difference between needs and wants. Make savings a priority. Bugdet is a sensible technique to monitor or cut your spending and plan for your future needs. It reminds us that "the plans implemented by the diligent one surely make for advantage."

What you mentioned is correct, and almost most people today have such reasons because what they do is for the family. Which is really understandable;
all that is needed is for us to raise more so that we can put aside some savings for the future. 

Who doesn't want to be able to save savings for the future? Everyone wants that. The problem is that determination and implementation differ because others
 don't want to take action.

The only way to gain financial freedom at a young age is to improve our own skills in earning an income and also to see more opportunities from many directions in order to increase our income regularly in several jobs. Because if we continue to work in one job with an income that is only enough to meet our basic needs, of course it will be very difficult for us to hope for financial freedom at an early age. Because this is only owned by people who have a lot of income through various businesses that they run without feeling tired at a young age.

Indeed, everyone's finances are of course different, there are those who already have an income but only enough to meet their daily needs and don't have a large income so they can set aside some of their money for savings, but even so, I think of course those who have a mediocre income still try to be able to have more than enough income, because of course they also want wealth or a comfortable life and having lots of money is one of everyone's desires. Those who want to live comfortably must of course be willing to work so they can have more than enough income to meet their daily needs and save.

with those who already have more than enough income, of course they should save some of the money they have earned, because having savings can help us in the future whether it is to deal with unexpected things or other things. However, there are people who already have more than enough income but they cannot manage their finances well because they make unnecessary expenses.

For me, there are some people who were born into rich people who have everything and they just have to continue and develop their parents' business. The closest example is that my parents owned a grocery store and we lived and grew up with the results of that business and our parents were even able to send us to the final level we wanted. Now the business is run by my brother, his life is much better and more than sufficient because he has the opportunity for the business that our parents built.

What I want to say is that there are some people who are born with luck where they have everything but hard work also determines the results. Others have to struggle from small things to grow bigger because everyone has a different path in life. The point is that hard work is important, but it is much easier when you have support in carrying it out so the chances of success are much greater.

Exactly some people know about managing their expenses but due to expenses of a family he cannot manage his money efficiently. Such people should use their mental power and physical power to earn more because nowadays there are various online opportunities that give us financial freedom and we can easily manage our money according to our expenses.

There are some people who don't have enough earning but they put a limit on their expenses and avoid spending on unnecessary things so they can save little amount at the end of the month and this little saving matters a lot for them and such people are really hardworking and talented.

Im in such condition on which even if you do have plans on trying out to save up for the future or for emergency funds but since the expense is really just that too much, then you would really be that on a tough condition whereas you would definitely fail on saving up.  This is why there are really certain conditions that no matter how we are aware on the condition but since you cant be able to find up some options
then you would really be needing to deal up with the situation on which you would really be accepting on what are the conditions you are into even if its hard but at least you are really indeed trying.

This is why on the moment that you had found yourself on such tough situation then never get tired on trying out to find for alternative specially when we do speak about other source of income.
If you do see that you are in short of budget or overdropped then try out your very best on acquiring or getting new job for additional savings that could patch up the problem somehow.
Its easy to say but its hard to be done but doesnt mean that it would be impossible.

People are always in a routine, your and your family's life is running on your monthly income. The standard of living of a person in the world is such that when you are spending your money on yourself and your family, that person is struggling at maximum time to meet all the needs of the family and cannot save money at the end of the month. Money is the most important in future life, maximum time when money is needed When someone in the family falls seriously ill, he needs a lot of money for his treatment. If you do not learn to accumulate and save money from the beginning, you will be forced to sell your important assets such as the land where you live. Even if you think about your future life, you should at least develop the habit of saving money.

It is very obvious that so many of us today do not know what to take care of our money talk more of saving. The earlier we know the advantage of saving the better for us. So many of us just spend our money immediately it gets to our hand after much running up and down were to borrow money to sustain ourselves till when another money get to our hand. That is one of the advantage of taking care of our money and learning how to save. Because it safes us from massive borrowing and prevent us from unnecessary insults and humiliations in the public. Another advantage of taking care of our money and learning how to save is that it helps us to attend to any emergency that may occur at any point in time without much worry or running were to get money first before we can attend to such emergency. For a working class personel, it helps us attend to our various needs that may arise before the month ends. It is very important to develop that attitude of saving.

That is frugal living.

They only spend on necessities and needs, they do not spend on their wants because they have to prioritize things than what they want.

This is a very common thing nowadays when you understand how tough life is and the situation that we are dealing with.

And despite that they do not earn a lot, still able to save. That is responsible spending.

Money easily gone from our hands if mismanaged, a thing that we need to push ourselves in knowing how to keep it right in order to stay long from our hands. We don't just know how to look for money but also how to spend it wisely. And aside from that is very important how to grow it, especially in the situation we face now where inflation is continuously increasing. Spending wisely is our ticket to having a better future and we don't have to set this aside because we know that finding money is not easy. In fact, those people who are in business are still keeping their spending habits knowing that they already have enough. How much more when we are just poor and working hard to survive?

Of course that's human being for you because most people are into your life because of one thing or another, either for them to benefit from you through the money you have or through other things because that's the nature of most people, perhaps that's why when you don't have money you will be limited to so many things including making friends because they will see you as somebody who has nothing to offer but the moment you become successful friends will actually be the one that will be looking for you that's why money is one of the only things that brings people together.

However is very unwise to live a life of trying to please everybody because there will come a time when you will need there help and they will never be there to help you out, so perhaps the best way is to focus on yourself and even if you should spend, there most be a plan to establish an emergency funds if should incase your source of income is no longer coming the way it was supposed to be then the emergency funds will be able to help you regain back your feet, perhaps that's why having a good plan and strategy is very important because it overcome any unforseen circumstances.

that's what's happening right now. I'm sure everyone knows that this is important and can be useful at any time. We ourselves are unable to resist our nature and only one word is to try as best we can.

Just being able to meet our daily needs is enough to be grateful, especially being able to save a small amount of savings every month. I just do whatever I do and keep trying as best as I can.

whatever the situation and conditions, we must be able to save as much as possible on expenses by managing finances by giving input on minds so that they always save a small amount depending on their possessions so that there is hope that in the future something will happen that is very good for the survival of you personally and the so that you don't It's troublesome when your economy is in a slump, it's something you have to think about to be better in the future by getting used to your lifestyle, don't it by buying only things that are really necessary, this will reflect a disciplined and frugal personality.

Spending carefully is one of the key way to financial freedom. Building wealthy is different from being rich. You can get rich within a second (imagine you won a huge amount of money from gamble) and become poor after few months if money isn't spent well. There are people like that in this world that spend lavishly any money that comes there way. Building wealth is all about thinking of what you can do to the available money to increase it. It better to always think of building wealth and take necessary measures to avoid lavish spending. Although doing this, people may call you different names ( like stingy man, selfish man and all other names) but it's better not to care about it. This doesn't make you not to be generous, just do your best with care and spend your money on reliable things that can increase your wealth.

Continuing to save in various situations of course this will be difficult to do and if you can do this of course it will be very good, but if the income we have is only enough for the needs we need of course it is impossible for us to save and we must be able to have additional income so that we can save and to be able to have additional income, because it is impossible for us to save without having sufficient income to meet our needs and only then can we save, refrain from spending the money we have on needs that we don't need of course We must be able to avoid this so that we can still leave some of the income we have after meeting basic needs so we can save and for those who are disciplined in managing their finances well, they will certainly be able to have savings.

Actually the basic formula for saving depends on monthly income, I use a simple formula to calculate the allocation for savings, the formula is "monthly income - routine expenses - other needs expenses (optional) = remaining funds for savings", the points for other needs expenses are not routine needs expenses so I don't have this expense every month because I focus on increasing the allocation for savings funds.

However, someone can save if their monthly income is above the average routine expenses. If their income is below this amount then they cannot allocate funds for saving. The solution is as you explained above, they have to work hard to increase additional income from other jobs.

saving some parts of money is very essential. if you don't save today, a day shall come that  you will need it and it might be too late. one most discipline himself or herself today so tomorrow he or she will enjoy it when the needs comes.  save and when saving, make sure you are saving wisely. That is, consider some factors like inflation, deflation and recession. So for the above reason, it will be advisable to invest sometimes rather than saving.


Discipline is one of the first step to take when saving. for you to be able to save,  you need to reduce your expenditures since it not necessary for your income to increase your are the one to adjust your self. You need to adjust some material like food, shelter, clothes and academic.
in the aspect of food, you must not necessarily eat three times a day. In shelter, you must not suffer your self to have air conditioner in all of your rooms. ceiling fans should be okay. For clothes, you must not sew new clothes every month. wash the one you have and iron them. life goes on. And for the academic, you must not necessarily go to the most expensive school.

Actually, saving is not holding back, not allowing A and B, but the real meaning of saving is not to overdo it. If income is not yet established, adjustments need to be made to ensure it is appropriate.

It may be easy to verify and understand. ;).

The present age is such an age, in which no one comes forward even in times of danger if people do not have money. As long as you spend money on them, they will keep you in their heads, and when the money runs out, they will throw you away. Selfless friendship or love is very difficult to find in this age, so don't spend your money on those Self-interested people, put your money to good use. Where you spend money, it gives you profit or returns over time. Use your hard earned money in that place. You are spending money on friends today, if you stop spending money tomorrow they will leave you, but if you use this money in a good place, it will keep paying you, and if you invest it in a good place for a long time, it will pay you back. will give several times more amount. So give more importance to money, think about earning money, you will see that there will be no shortage of people behind you and if you don't have money, no one will even look at you.

Saving can be done by those who already have a monthly income and maybe there are some people who don't yet have a monthly income but they force themselves to save because they feel that saving is important. In my opinion, routine monthly expenses are paying water, electricity bills and meeting basic and other needs. This really needs to be paid attention to and prioritized because it is part of the conditions for survival.

and what must be addressed is unnecessary spending, meaning it is not very important, such as wanting to buy something but its role is not too important. Usually young people are already working and already have an income but they waste money by fulfilling their desires even though it's not really important, in my opinion this is something that must be addressed. Apart from that, we have to work hard to be able to earn enough income, even more than enough, and balance the work we have so that we don't torture ourselves too.

True, no one will value you if you don’t have money even your family will never value you if you don’t have money, people will care about you when you have money and get close to you just for them to get something for themselves but immediately when they found out that you don’t have money again or just let them know that you are about to begin broke or your source income is not coming like before they will run away and leave you to suffer alone before you begin to treat people and show them make show you learn how to save money that in the future you will still have money that you can spend on yourself, I don’t know but for I usually spend on my family than spending for outsiders.

Spending on your family is better than spending on people who are not even related to you because no matter how hard it is for you there are some people in your family who will never forget about you, being rich today and in the future you are poor is the most painful thing in life because people who you always treated as a friend will not be there for you, money is the root of evil as people said but we have to also be careful and make a good save in the future because no one knows tomorrow, so advice is to learn how to save money and use it for a better things that you will have a profit at the end.

Basically this goes back to financial management. Many people have a large salary but still feel inadequate, and cannot save, or even invest. This is due to poor financial management. However, things like secondary or tertiary needs are things that need to be reduced. Maybe in terms of basic needs, this cannot be reduced, but we need to reduce expenditure on the other side. Many people regret having poor financial management, because when we improve this, I think it will be easier to save and invest.

Yes adopting this formula is good , it's similar to what I apply in my savings principles. But one thing I put in forefront is the popular saying of pay now and play latter even when the income is a little less thane needs expenses when put first the future benefits of savings mostly when the savings is an investment that can generate more income is better to Carry out such and cut down other expenses because once there is money need and other responsibilities keep increasing it required one with determination and control to take the step of investment or saving because if your centered if satisfying the needs and balancing it all time it may happen that one may end up not saving some time one need operate on an unbalanced situation just to save because saving or investment is all about risk and it takes courage and fulfiting some things to achieve them.

It is true that if we don't have money then no one will respect or care about us, but that doesn't mean we should try to make money just to get their respect or attention. We make money to take care of our future and family, not for prestige or just so people recognize us.

I don't see any reason for us to spend money on people outside our family unless it's related to relationships that benefit our work. We need to realize that no one is better than our loved ones, every external relationship is about money, so spend it in moderation and don't waste it unnecessarily.

To me, saving is something that should be done and should not be lacking in anyone's life, but we should not focus too much on it but instead should find ways to increase our income.

I don’t think it’s the amount that matters but rather the nutritional value of it. Even if you are saving, you shouldn’t sacrifice your health for it as it can have long term consequences.
It’s not necessary to have multiple rooms with air conditioner but one room should suffice. Even with an air conditioner, you can just control it and only turn it on when it’s hot. That way you can still save.

There are many ways to save but don’t deprive yourself of basic and sometimes a few treats for yourself.

You are right, if we don't have an income it is impossible to save and I am interested in trying what you have said of course this will be very useful for me, holding back from not having needs of course this will help us in having savings and of course a sufficient income we have been able to fulfill the routine needs that we need.
It is indeed impossible for someone to have savings if their income is below their routine expenses.

I don't believe people can think when they are experiencing poor nutrition because the brain needs nutrition to develop. If there are people who sacrifice their health to save then believing that is not true because it is impossible for us to make a savings portion under these conditions.

Saving has a measure for each person because of the difference in the amount of income we get. Some people have an AC in every room and they have a much larger income so they can put an AC in every room. For those of us who don't have a large income, a fan is more than enough even though in terms of health it has an impact when used for sleeping.

It's hard to save money when people indulge themselves too much and sometimes prestige is much bigger than the income we get. So in the end, to meet all your needs you have to deal with loans and this is where the lifestyle error lies.

Saving is important and may have to be adjusted, but the scale of saving must be a balanced percentage with a much more productive way of making money. Money can bring unequal enjoyment and money can also make someone take the wrong steps, this is where self-monitoring is needed to control because without planning we cannot prepare for a better life. How many people are unable to achieve happiness in life even though they have a lot of money and on the other hand, people who live simply enjoy their lives much more and are much happier.

Money is indeed important in life, but we have different abilities in running our lives. Being stingy or thrifty is just an issue that doesn't need to be magnified because we know the scale of needs that must be prepared for. The reality is that we don't try to live within our means and most people just try to live an excessive lifestyle.

It's clear about what you're saying, health comes first.
Even if saving enough but when we have to tie the stomach tightly enough because of not enough nutrients obtained, it is tantamount to ignoring health.
Because if we get sick because the obsession to save is too extreme, it will make spending greater when experiencing illness.

Save properly and do not have to ignore basic needs that really should not be reduced portion.

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Then it is necessary to do good management, even though income is below standard for routine expenses you can still save.
Savings are adjusted for income, maybe taking 10% or even 5% of the main income, but it's routine.

Especially if it's done on Bitcoin, do DCA every month when your money accumulates and start saving bitcoins.
Bitcoin fluctuations will make a profit if you are able to survive for a long period of time until the highest target is reached.

More or less, we can say that this depends on each month's needs and this is the result of more than all a person's needs. Saving is indeed a category of good money management, which means that later when someone will need their savings for their business needs or other basic needs. but of course a person's income will determine how good his savings are.

I think erep has already said it, this does not depend on his needs but this depends on his income, because if it depends on needs it will be very difficult to be translated into a mathematical and logical financial scheme, needs can adjust to income, but income cannot adjust to needs, this will be a difference of view even though you have the same intention, but if examined again it will give birth to different thoughts.

And to see a good savings cannot be seen from a person's income, because there are not a few people who have a large income, but they do not have much savings, some even have no savings at all, and to assess this I think it is unfair to look at the amount of accumulation alone, because if someone can save a large amount because his income is much greater it shows that he is very good at saving.
I think you need to use percentage as a measure of how well someone is saving, because that will give a fair conclusion in judging someone to save their money, honestly, a person's income is different and so are their needs.

You are right, all that should bother us is only the opinion of our family, and if you care about their well-being, then you will always be a respected person both for the family and for those around you, if, of course, the opinions of others interest you. Financial literacy is the responsibility of every person, no one will care about your well-being, no one will earn money instead of you, this is something we cannot do without and what is one of the most important in our lives, therefore we need to treat money responsibly.

How we can save money if we have no income? Saving is possible if we have enough monthly income, it can be allocated after we fulfill the allocation of premier necessities. Actually, his formula is a common formula, everyone must already apply it. Do you never know the formula?  ???

By the way, I even doubt that people can survive if they have lower income over the routine expenses? Our routine expenses should depend on the monthly income, right? Normal people must adjust their expanses based on their income.

Running our lives?  ???
In fact, we are born with the same condition. Basically, we have the same ability in life. However, each person has his own goal in life. This probably leads people to do a different way.

People must live with their own way. Still, sometimes people lifestyle doesn't reflect their abilities. Sure, it is actually not needed if people understand the meaning of life. If they know this, they must prefer to have saving and investment rather than spending money on unnecessary stuff.

This is true. Money is one of the most important things in the world. It is used to buy anything you want and anything you need, and if you have more money, more people will respect and look up to you. But remember, money should not go to your head. What I mean is that many people or rich people are forgetting to become respectful and think of themselves as high as the others, which is not a good trait because a person will be arrogant and can easily step on other people. So even if you have a lot of money and are in a good position in life, never forget to become humble, especially to your family; they are the first persons that help you with anything, so they should not be forgotten. And lastly,  if you have the money, then learn how to manage it. Remember,  money is not infinite; if you do not take care of your spending, you might be back to zero.

Yes, you're right, we can't please everybody. Really, when someone rises up, we expect someone to pull us down. That's why I agree with what you said: just be really quiet so that no one will notice that it's rising or progressing in your life.

The more you make noise or show the intention to be noticed by others, the more you or we give them a reason to criticize us and pull us down, so when it comes to saving savings, don't brag or make noise. That's really done secretly.

Savings in any form should not be shared carelessly with the public because this could trigger bad things to happen to the owners of the savings themselves. The bad thing that can happen to people who have a lot of savings is that they are more vulnerable to being targeted by fraudsters and also by thieves around them. So I also agree with what you said that everyone who already has savings in any case should not be arrogant and also make a fuss by showing it to everyone because this will also be known by people they don't know.

Actually, there's nothing wrong if we tell our colleagues that we often save, because it's not just showing off, but that way maybe he will be motivated by what we have done with the money we have.

Because of the issue of saving, it is very important to look to the future so that our family's wishes can come true so that we can feel happiness with our family, and not only that, savings are something that is very important when we are in a bad situation, by having savings we can be a little calm and happy with the money we have invested for the future.

I actually and genuinely agree with you mate,spend less but save some for later because when you loss your money you gonna loss Alot of people whom you think where just after the real you,not knowing they are just with you because you have what is to being giving which is money ,money is the roots of all evils,but really friends got your back with money none without they only believe in what you do.

Telling other people that we regularly save does not necessarily mean that other people will have an interest in saving, because saving will really depend on the income they have and if they have an income that is only enough for their needs then it is very difficult for them to think about saving.
By saving we will certainly be able to prepare for a better future and for the emergency needs we need, because without savings for emergency needs it will certainly be very difficult to meet these needs when we need them.

Earning money is mandatory to fulfill our daily life needs. We should always keep track of it so that we don't spend extra money for any reason. Along with earning money we have to take steps to save money and try to save money gradually.  So that we can use the money that we have saved later for something good. The biggest thing is that we should calculate how much money we spend and how much money we have to spend to live a good life.

Educating financial matters to colleagues is also very important as long as we know the limits in explaining them, meaning that we should not interfere excessively with other people's financial problems. The principle of saving is quite good for maintaining financial foundations, but not everyone will be able to do the same because of different sources of income and expenses. However, saving is also part of our character and how we see the future by compiling a directed life road map.

This is a good reminder because I see most people who become rich change their personality and the way they treat people, some people who become rich start looking down on others and show signs of arrogance. This is really bad because it will create huge cracks in our relationships and it doesn't stop there because life is full of surprises. I mean we can become rich but in the future we can also become poor at any time, and if we look down on others when we are rich then when we become poor there will be no one around. 
You are right, humility and gratitude are two virtues that will help us survive in this society.

I think it is quite important for us to be able to manage our income and expenses as well as possible. So that our needs are still met, and we have some money to save. However, for a better future, we not only need the money we save in the form of savings, but we also need to have investments. because we cannot continue to work and earn money, there are times when we are sick or approaching old age, so we may not be able to return to work, and this is where investment is important. Because through the investments we have, we will still be able to make money even though we have retired from work.

Without money nowadays it will be very difficult to meet the needs of life and we will be forced to look for money to meet living expenses with our family or alone. Saving money is really needed so that we don't get trapped by wasting money unnecessarily because we are worried that the consequences will be much worse. With job conditions that are difficult for us to get, we need to make savings and be able to adapt ourselves so that there is no waste by spending money where it is not necessary.

Having priorities and having a plan is an effort to maintain financial stability, sometimes we don't realize we are spending money beyond our means. Finally, we are stuck with loans to meet our living needs and this happens because we don't have a plan regarding financial stability.

We have to spend depending on our income, but we can save money. If we spend more than our income, we are more likely to be in debt. We can invest some of our income and save some money. Those who are wise  They will never spend the full amount of income. And those who are fools will spend all the amount of income.

I am so disappointed with bad money management since before marriage and realize how bad impact right now after marriage, indeed still has enough money in saving assets and received payment from my salary every month but when still single had many opportunity but never put in saving assets. I think very important for youth people right now and have no dependents how to manage well with money management by saving around 30% to 60% of your salary.
After marriage get difficult for spending above 30% for saving assets because you have more extra outcome every day and always not enough with how much salary received.
During has opportunity for saving money you must allocated more bigger than your money spending every month, you will get disappointed later after marriage with less saving fund in your pocket.

I totally agree with you, and there are some people who claims they are our friends especially when we have money and you are spending too but once your money is finished, they will leave you by your to go and meet someone who has money and when you need their help, they won't help you even if they do, they will do that just to mock you or even insult you, forgetting you have once help them, those kind of money need to be avoided and also we should learn how to manage on how we spend our money in order not to fall a victim of embarrassment.

When you are married like this, you really have to pay close attention to economic conditions because you have to provide food and life for your partner. If your economic condition before marriage was very good and you had a lot of money but you couldn't produce anything that you can enjoy now, then never mind, don't ever regret what has happened. Make this an important lesson to be better in the future and start managing your financial condition well now.

I will never be disappointed with less savings fund in my pocket after marriage. I am a married man myself. OP remember one thing man can't spend money freely after marriage like he can spend before marriage, because after marriage he has to take responsibility for maintenance of his wife. As a result, there is a lot of pressure on him to organize and run his household well even save a little money from it for the future.
And if we talk about single life then we spend whatever money we get from our job salary without thinking about future. You are right if we save 30% or 40% of our salary thinking about the future from single life or young life even if we save thinking about the new life that we will start after marriage then we will not be disappointed later which will lead to our beautiful life will enable.

Saving some amount for the future is a good idea and everyone should know the value of saving because if you have no money for emergency purposes then no one will help you in such dangerous circumstances.

Money is important but if someone is with you just for money then there is no need to have a friend like this. You should have the ability to differentiate between good and bad friends and if your friends are with you for their own purpose then I think he is not a true friend.

There's certainly nothing wrong with fellow workers in providing education in financial matters because we all do work to be able to earn income for our needs and if there's any left over we can save, I agree with what you said in terms of saving, it really depends on income. and also their expenses and it is impossible for them to have savings if the income they have is only enough for their needs.

this is the reality that is happening, people have difficulty in generating money, therefore maintaining money is now an obligation that everyone must do, inflation continues to occur in many countries at the moment and it cannot be stopped, our way to maintain our money can't be done carelessly, what we have to do is invest like investing in gold or cryptocurrency.

why don't I recommend investing in property, because right now people are thinking long and hard about buying a property.

I think when we talk of need it depends on the class we belong because no matter how rich we are it can't still fulfill our needs, only few among us are satisfied with what they have and those are the people that are contented with what ever they earn. In this life for someone to save money is very difficult because the income he earn can't cover all his needs but still someone have to try. Yesterday i was discussing with my younger ones tell them that they didn't enjoy like us when we are young but nevertheless its still better that way because then family responsibility are very little, we were staying in room and pallor that is just two rooms and now we have our own house with more than ten rooms but all this is acquired by cutting some of expensive that were surrounding us which we can do away with and still continue with our life.

When it comes to contentment then i would really be saying that only a few would really be on such state on which i would rather be beleiving that majority of us would really be tending to earn as much as we can.
There's no such thing about being enough in terms of money or possession because even into those rich people would really be still having that kind of thriving on having more because they do want to have that so much money on which it turns out that it would be just normal that people weould really be that greedy. The difference on here is that when it comes to probabilities on hitting up that target could vary on certain individual on which there are ones who could really be able to achieve those things and there are ones who do fail.

When we do speak or talk about savings then it would really be that entirely depending into someones decisions in life because  there are ones who are really that mindful about their future on which they
do really believe that there's something that could happen specially the unexpected ones. This is why financial back ups will really be something that will be needed
and you would be finding its relevance at the moment that you are on such condition.

Everything will be easy with money, money is one very important aspect in a person's life, because money will lead them to a more decent life, and honestly those who have more money have more honor, therefore money is very important. important to someone. now everything requires money for transactions or other uses.

Therefore not wanting to go back to the bad conditions of the past and trying to continuously improve the current situation is the key to the survival of the middle class. Not only the middle class but people of any class of profession have enough of this mentality to survive. The middle classes are willing to deal with any situation in front of them in return for an opportunity. For example suppose a person can afford to buy sugar for 100 taka per kg. If the price of one kg of sugar is 110 taka, then he is able to manage his family by buying sugar less than ten taka.

Money is difficult to make, but to some people it is easy  to spend, there is one fact about life, which is, sometimes you will find yourself in an easy situation while sometimes you will find yourself in a difficult situation, lavishing money is not a good idea, saving money is the best thing to do, when you have huge amount of money at hand spend it wisely and think about the future because you don’t know the kind of situation you would find yourself in the future, if you have money and you are spending it to people out of generosity they will continue praising you and if the praises is giving you joy you will continue spreading it, you are deceiving yourself, because if situation become difficult for you sometime they will turn  their back at you.

When you have a lot of money at a particular time, use some of it and buy meaningful and important things that you will need, To avoid financial crises stop spending it on unnecessary things.

It is important to save money to overcome future problems, challenges and difficulties.     

Money is what we should spend wisely and not lavishly.Many people have gone back to square one because they failed to save or invest on their funds for future purposes.Saving and investing is not a thing of the present rather it a thing of the future,we save for future purposes.Money attracts people,definitely yes,people who are there to give you advice on how to go about your funds while the other set of persons are they to spend and lavish your money.I have a friend that was given an appointment and during the years of his appointment he never thought of saving nor investing and when it was the due time for him to step down,he came back to square one all because he failed to save or invest on his funds he was busy living a luxury, driving the latest cars and many more.The problem is not living a luxury life,you can live a luxury life and at same time save or invest your funds.

Yes like thatwith money, our lives are much calmer and it gives our hearts peace from the many problems that can be overcome easily. With achievements like that, we can enjoy life and we always diligently save according to our abilities for a better life for the future make all hopes come true.

As the saying goes "Save now, enjoy later" this proverb describes how important it is for us to save now so that we can enjoy the benefits in the future. Of course, if one day economic conditions become chaotic, we have prepared things, such as financial security and the ability to meet urgent needs.

Money is everything and we should all inspire to make money so that we can be get what we want. The major reasons why we see people trying their possible best to make money is because they want to be super rich so that they want always get what they wants without any much pressure. The love of money is increasing and we should be wise not to do something that would make us to follow the wrong path and make the money we intend to get.

 Saving is one of the ways we can build portfolio for business we can start so that we can always make money from the market. Some persons are taking the wrong decision which we all have to avoid so we don't become too desperate to make money.

If examined more deeply, this saying is not always right because the words save now and enjoy later are very ambiguous. Just imagine if today we save $ 1000 so that in the next 10 years the money will lose value and maybe that is not a productive step. It is better to try to use the money for the right investment so that in the next 10 years our money will continue to grow because it has the benefits of the investment being carried out.

Savings are indeed important to do, but they must have the right percentage so that we can adjust. If we only focus on saving, how can we increase our income because money depreciates in the long term. Savings are made according to the right percentage to meet life and the rest can be used for investment or business.

Money gives us a solution to any kind of worldly problem. Besides if money can be earned by controlling greed and psychological issues then it is possible to gain peace of mind from there. Whatever, investment should be given more importance than savings to realize the purpose, success or hope of life. I am not saying that there is no need for saving in life but investing in an environmentally friendly way can yield quick and good dividends.

If you wont really be that good on handling your finances then you would really be going back to scratch but of course you do know on what you should gonna do specially into those people who had been start on being poor and then made themselves that rich or wealthy because they do know on how to handle and manage up their funds. It would really be that somehow impossible that you would really be forgetting about the basic stuffs and would really be having that careless spending not unless if you would be getting involved with gambling then high probability that you would really be that becoming poor again. It all matters about financial handling because if you are someone whose really be having no control or having that discipline when it comes to spending money then you do know on whats next.

For those who are really that still poor or on average then savings would really be that playing a crucial role on which it isnt really just that being used for emergency purposes but also in other aspects as well
like having some investment or making up some business.

Nowadays, there is inflation in almost all countries and countries cannot prevent this situation. We need to know the difference between investment and savings. People use different methods to protect the value of their money. Some people buy land or property and retain the value of their money as the value of what they buy increases over time. Some people buy Bitcoin and when they wait long enough, their money retains its value and they make a profit. There are many investment options similar to these.

Although saving and investing are different things, they both benefit people. When focusing only on savings, there may be a possibility of missing some investment opportunities. Investing at certain rates is an important move.

When talking about inflation, there are many things that will affect our lives, especially regarding the needs of life. In conditions like this, savings are quite important because people can use the money for urgent needs to meet their needs. I am not saying that saving is not important, but we have to adjust, for example when you have a source of income of $ 1000, we can divide it into several parts for savings, investment or to meet living expenses.

In conditions of inflation, it will not affect our lives because long before that happens we have prepared our finances to be more stable. That's why people say life needs to be planned especially regarding finances in meeting all needs. If not able to be prepared then in inflation conditions it will be much more problematic because we do not have good finances.

The need for money cannot be avoided by people whose lives must rely on money completely. But you also have to see that not every place money can be relied on and I think you must have felt and seen there are people who are still living today without relying on money as something that must be in their life even though they are not rich like people who have a lot of money. However, I personally still have to rely on money to run my business and to make more money in life because environmental factors that are like that I can't fight except by having more money.

Apart from that, the level of difficulty of living without money is always greater than those who have money and this is truly visible in the lives of many people so there is no reason for anyone not to earn money in the different ways that we have used so far. Because to start a business and build a lot of assets, you definitely need money, apart from knowledge in managing money and also knowledge in seeing various opportunities that can be exploited continuously.

Money is very essential in life. it's very important for everyone including the deaths because even the burial process requires money in any religion since there are one or two things that would be needed during the process.
So is better for us to strive for this thing we call Money and not only looking for it alone, but also try as much as possible to take good care of it by not allowing yourself or anybody or anything to waste it. This can not be achieved except with self discipline, patience and endurance During the time of striving, managing and savings. Because during this period, there will be a lot of life style that you will like to live which you can not be able to live, if not, your complete aim can not be accomplished.

For me, saving is very important and I have to do it, because by saving I can buy what I want without going into debt, so my money is protected. Therefore, maintaining finances is very important, especially when we are old.

It is true that money has a big influence in life and can determine how people interact with us. But what you need to remember is that relationships based on money don't just last long, but saving and making wise decisions are important steps to stabilize your finances in the future.

It is true that one will not continue to earn heavily throughout their entire life. Sometimes we earn more and sometimes we earn less. In order to continue to be valuable and not return to the state of poverty, one really need to invest or in the other way they save. Why some people will weigh into the debate of saving and investing which is better. I simply endorsed either of them, the worst scenario is when you are not investing and you are not also saving. Investing is good be better if the right investment is done. But if you invest wrongly you could return to square one while someone who is saving will likely not return to square one.
While some people say ill against savings, I cherish it and also believe that one can be rich through savings. Yes, I am confident about this especially when you are consistent about it.

Even a small kid now understands the value of money, money is highly appreciated that is the main reason why it is always difficult to get. Money covers all our life process,from what we eat,drink cloth and many other things so everyone should strive to get this money. I agree with you, who has more money is highly honoured and seen of very high standard especially in the society and few times in the family.  So our goals should be on how to get this money well enough to put us on a right standard.

In today's time, the contribution that is made when you have money is great, especially when it comes to dreams that we want to happen in our lives. So others are trying to find a way to make money. And there are many ways to have it; it can be through traditional methods or online marketing. If you have skills, you can also use them in exchange for the service we provide.

Whether or not a person has completed an education, their aim is ultimately to make money or find a way to make money. So whether we are poor or rich, we can save money if we want to.

Money is a very important requirement for daily life. People cannot move without it, and every sector needs it.
We need to have a portion of our income saved. Instead of spending the entire income, something should be left for savings. You have to keep the settings little by little. We cannot tell when something will happen to us. Danger never comes, and we don't have money during danger. If we have some savings, we can overcome that danger and come back to normal.

Every person needs to have settings in their life and take care of their money. These two aspects must work well to move well in life. The world can only run with money. People don't identify themselves if they don't have money. You will understand how difficult life is if you don't have money. As long as you can earn, you must save some of your income and use the money properly.

Saving money is not wrong for anyone to do, but in this case you also need to pay attention to what you are saving because there are times when you yourself will also lose due to the inflation conditions that still occur and continue to occur every year so that it can cause the currency value to decline. your money has decreased. And in the end you will also be defeated by this condition, so you and everyone who wants to save have to see what things are more suitable for saving.

Because if you only save money, it will also be difficult for you when you want to buy a certain property or certain land that is located in a comfortable environment, not to mention when you want to buy gold, which this year has also experienced an increase in price. So it will always be a hassle for fiat money savers who have to always increase the amount of money when they want to buy a little gold, so apart from having to have a good way of looking after their money, they also have to be smart in choosing assets to save for their old age, mate.

I support saving some part of income which will solve any kind of problem in the future. However I have a different view on saving the entire portion of the remainder by excluding it from income. Because inflation will fall upon savings. So if we want to increase our productivity then some part must be left for investment.

If a person adopts a habit of saving then he will not face any difficulty in future because during inflation or any other issue he will have a saved amount which he can use for his needs. Wise individuals often choose some percentage which he saves on a monthly basis from monthly income and he does not decrease this amount to be used for another purpose.

Saving amounts should then be used for investment if someone finds the right things for investment then some part of saving should be utilized for investment but it will definitely require knowledge which is compulsory for taking profit from it.

Some people would be thinking that inflation could really be that hinders them on saving up some fiat into their bank accounts on which this would really be causing for them to make those amounts to be used on investments or building up a business on which its not really that a bad option to take but of course you should really be that mindful in towards the risks involved to it. If you are someone who could be able to bare up with the risks and doesnt really that mind much about losing money then you would be taking up such step but since we do know that not all would really be that risk takers and this is why they do really end up or being contented on saving up fiat into their bank accounts and dont mind about those inflation that do happen year by year. Savings could really put you up into a certain condition that you wont really be having any worries no matter what emergencies that do happen into your life.

You do know that you do have the money that you could really be able to make use of, on the moment that you would really be experiencing such problems or struggles in compared into those people who dont have a savings then you would really be that definitely able to feel that struggle. Realizations made would really be always in the end of the line and not in front. If you are someone whose really that not
mindful about saving up money at least then you would definitely come into this kind of condition or point.

Savings can give you some financial support but since every country has a high rate of inflation every year, savings will not do you any good.  To do good you must go for investment.  Or to invest on any strong acid like land gold house property etc.  Then it will give you higher returns in future along with savings which will enable you to live a better life in your later age.  So I also want to say that savings is not a solution.  Investment is a good solution.  Because if you don't race you can never gain

That is correct investment is the solution and must be a known assets and that can be solid and yet profits for years possibly go into business, anyone who is an entrepreneur can never depends on savings alone rather would strive more harder to nurture their business to grow more quickly for them to have profits coming regularly. The rate of inflation is too high and anyone saving currently may end up saving worthless amount because anyone saved today maybe worth something very good in time to come.

It is undeniable that for now money has always been a guideline for the movements that everyone makes in surviving in the life we live today so indeed we cannot be naive about it because indeed with money in the end everything will become a little easier so we must still be required to find ways to keep money near us.

Although in this case it is a mistake if we live only money-oriented but in essence we cannot live without money so as much as possible we have to look for several ways so that money continues to flow and become a supply for the life we live now.
So with that, as much as possible we have to find ways so that how we have money and when we get it then as much as possible we have to make good management so that money does not just slip away. This must be a basic thing because after all, money is always a benchmark in any case for the current era.

Follow your own rules and plans without the influence of others, that’s the great lesson I have learned in live in a very young age. Responsibility is different from a person to another depending on the environment where you grew up, for example a child of a wealthy father sometimes he is less responsible than someone who grew up in a poor family and should think how to get money and learn how to spend it in a good way.
Personally, I grew up in a very poor region and very low salary for workers, I have learned how to work online and started to invest and get my life spendings from internet, I still have a long road and efforts to achieve my goals, however, going through your plans without caring about others opinion and to not get influenced by them.

For me personally, I find it hard to save some money and not spend it because of the lack of many stuff and life spendings. But whenever I get some extra money I save it on Crypto mostly with stable coins and low volatility.

In the current conditions, what we need to learn more deeply is how to manage finances better, especially the money we get from salaries or business. There are even many rich people who only keep a little fiat (preferring bitcoin or gold) because they know that fiat will continue to experience inflation while bitcoin and gold are immune to inflation and tend to rise in value

Rich people invest their money wisely and carefully while poor people don't, they will only spend their money on useless things

Of course it is not wrong to be money-oriented because life is not fun if there is no money, not happy if you don't have money, not calm if you don't have money and so on, a person needs to have a little more money to support his life in order to live a better life, in fact money can increase the level of life and how to enjoy life so that money speaks to its owner, therefore we need to save and continue to have money until whenever, even the fact that we die we need money.

It is important to save, it is important to increase our source of income so that we can live a much more peaceful life regarding the economy, because without money today life is not fair for modern social society, unless we are in the interior of the forest where money and modernization are not so familiar, we do not need it as a priority.

People's financial status is never the same, it either increases or decreases or stays stable for some time. When you have money you spend it on necessity, you go out with friends and eat but you spend more, you do it on necessity because you want to be loved by friends. Many people waste money for no reason, like smoking, drinking alcohol, I think they are extra waste because they harm the body. People face the biggest problem in their last life because then they cannot earn money. In old age he only spends time sitting, he has no personal freedom, the money he gets from family children to move is very limited. It is best to create a desire to save from the time you learn to earn an income that will serve you well later in life.

Apart from that, we can learn a lot from the experiences of other people. I am also one of those people who carries out what I plan and doesn't care about what other people say, but sometimes we also have to listen to what other people say, not to swallow it raw, but to reflect on it. Because sometimes what other people experience or say can also be good for us, depending on how we accept it.
We must be responsible for ourselves, therefore we must be able to ensure that what we do goes according to the plans and applicable rules. When we can be responsible for ourselves, I believe we will be better people in the future, because we know and have limits about what we will do.

If we are stubborn and do not care about what others suggest, how can we learn from others' experiences? When others make suggestions , they have good intentions and want to help us, maybe they see flaws in our plans that we don't realize. We should accept their suggestions and take time to reassess whether what they suggest to us is helpful or not . We should just ignore and ignore those who are trying to stop us from implementing our plans , we should listen to those who want to help us . A person who is too stubborn and does not like to absorb new things and the experiences of their predecessors will find it very difficult to succeed on the path they have chosen .

There was a musician, I think that musician's name is RickRoss, he said that his doctor gave approval for him to smoke Indian hemp.  In your opinion, smoking and drinking is a waste of money and can cause harm to the health but for some other person it is not a waste of money for them. For alcohol, even if you are not buying for personal consumption but it's important to have it in your bar so that any time you have visitors, you can entertain them with it. Every month, my dad always add new wine and other alcoholic drinks to his bar for personal consumption and friends that may visit. He has the money to do it, that is why it's not a big deal for him.

Don't equate this with stubbornness, because what I say here is not just a suggestion or criticism, but the words of someone else as a whole. I don't know whether you experienced something bad that came from other people's words or not, but this is based on my experience. Therefore I said 2 things before, namely try not to care about what other people say and try to listen to them as material for reflection that can make us better in the future.
Meanwhile, if it is a stubborn person like you said, then we will never want to listen to them, both when people say unpleasant things and also when people say or make suggestions. We also have to be able to differentiate between the two things, because they are 2 different things.

Perhaps the structure of happiness can be seen and measured by the amount of money because with money of course we can have what we want by buying it. In addition, when we have money we will be appreciated by others, it could even be that someone who has money has power, with the term "you have money, you have power" but not always all about money there are things that cannot be bought with money. In addition, money is important so as much as possible we should be able to make money and save it for the future, do not when having a lot of money it even makes us able to buy whatever we want, the future must be considered as well.

It is very unlikely that there are people who do not need money, with the current development of technology is growing of course the lifestyle will usually also increase, and when that happens it is true that you say we must be able to have additional sources of income to be able to make more money, but health must also be considered.

Actually for this case we cant consider it entirely good when we are too money-oriented because after all, even though we have to live with money, it does not mean that we only focus on money when doing something because after all it is a little less good but it does not mean that this should not be done either .  I agree when saying that in the end money is always one of the sources that can make us comfortable in living life, it's just that we can't stay fixated and as if money is everything because we also can't make it as if money is a god that we have to get all the time  .
This may seem quite naive but looking at the current situation there are actually a lot of people who deify money and do anything for money including doing things that are actually against morals or lead to negativity so even though we need money but that doesn't mean we have to do anything that violates norms and doesn't see from other aspects just because we are focused on money .

Yes , I have also experienced bad things due to other people's words and that was a lesson for me. I understand what you mean and I agree with your point of view and what I want to say is that we need to be selective about what other people say. There will be things we should listen to and absorb, but there will also be things we should ignore so as not to affect our plans. In short, we need to be open and ready to accept if someone gives us suggestions, we should not be too stubborn and always think we are right in every situation. That's what I want to say.

Truly, all fingers are not equal, and how we spend varies, while the economic situation worsens. Currencies are losing value, and the more we have, the more we spend it. The economy has rapidly changed over the years, making it difficult to keep up with bills due to inflation and rising prices. Unfortunately, there is no way to fix the situation and we must learn to live with it. Because the government that are silupppse to be doing the fixing are busy doing something else. Is better to have plans and the same time have a budget of how you want to spend your money to aviod spending on things that are not really worth it. People that spends money on smokes and alcohol by now would have adjusted their self because is just has if you have to choose between smoking or spending money to eat. And with this kind of condition it will be very difficult to save.

If a person saves a portion of his income with the investment objective in mind, it is definitely important for his future economic status. But my point is that for those who save only for savings purpose and not for investment purpose, my opinion is slightly different. Because money is something that can be used to create money, but if money is left neglected its effectiveness will be greatly reduced. So surely a man should get into investment to increase his financial stability in any way, be it through saving and investing small amounts day by day.

I think investing can be better than saving. Investing in gold or land will keep our money safe. We should try to invest a small amount every month to do something good in the future. If we invest a small amount from now.  We can keep it but it can bring us a lot of profit in the future. So those who are smart think about the future and keep everything organized from now.

Of course, this is very true, it would be better for us to choose to invest rather than save, but to be able to invest in gold or land, of course we must first save the income we have and when it is new enough we can buy land or gold, but with Bitcoin. We can start with whatever we have and we are consistent in collecting and of course we will be able to get a profit from the investment we make and to be able to invest well, we must be able to have savings for unexpected needs, so that we don't have to take what we have invested because we don't have the funds for these needs, yeah you are right. Those who think about the future will certainly prepare as early as possible to be able to live their old age in peace without having to think about any work.

Yes it is better to invest instead of saving. Nowadays all people have tendency to save by thinking about future i.e. everyone wants to save for future and even do so. People who save only thinking about the future and do not invest that money in anything, their money never grows. But people who save and invest with that savings like gold or land and those who have experience about bitcoin or know about cryptocurrency invest in bitcoin. Money creates money so we should invest it instead of hoarding it.

For example, land prices in almost every country in the world are increasing day by day. So if someone invests their savings in land today there is a possibility of doubling it in the future i.e. a possibility of doubling their money. And if someone does not invest their savings in anything else then the amount of money they save will remain the same in future i.e. there will be no growth.

if you can do both, why not? In times like these, we don't just have to do savings because as time goes on, the money we save decreases in value, especially when inflation is severe in a country. Nowadays, many people find it difficult to save and invest at the same time, but I highly recommend that when money comes to us, it is much better if we prioritize putting it into investment so that we can grow it in the future. Doing savings are easy to do if we have a stable source of income and it's up to us how we save because we can afford to save depending on how we spend and what our lifestyle is.

I would prioritize investing over saving. But before investing you must save first because not everyone may have enough money to invest. Now if you don't have enough money then you can't even buy gold and you can't buy land. Even in case of buying gold and land you will not agree to pay land or gold on monthly basis. However, your investment depends on your personal income or got from your previous generation. I think it takes a lot of money to buy gold or land, if you don't have this amount then you have to start saving early, when you reach an amount you can buy gold or land with that money. When you buy land, if you buy it in a good position, you can get triple or quadruple profit from it after 4-5 years.

Each has its own purpose, investing is for the future and saving is to prepare for unexpected things in life, so both of these must be done simultaneously.
Apart from that, the most important thing is of course to increase your income so you can invest and save. If your income is just enough, of course this cannot be done.
Regarding which is more important between the two, I think both are equally important because they have different goals and are good for the future.
This is difficult, so you have to get used to it from an early age.

for me personally i prefer to invest in gold compared to land as you said. because gold is always in high demand in the market and anytime you need money you can sell it directly at the gold shop, without having to wait for a buyer. while when you invest in land, you need to wait for a buyer to sell the land and the price is also uncertain because in some areas the price of land actually goes down due to low demand and the process is usually more complicated. so considering gold investment as savings sounds more reasonable compared to investing in land.

It is necessary to learn about the importance of both saving and investment because your savings will help you to invest more in the near future so there is no risk in saving some amount but will help you during harsh circumstances. In gold we can invest on a monthly basis but in the case of buying land we cannot invest on a monthly basis as we cannot buy land in pieces.

I think first you should start from saving and when enough is saved then you should invest this amount so in this case you will have no need to ask someone else to allow you money for investment. After this step it is necessary to carry out both saving and investment as one will make you financially strong and the other will help you to continue investment or solve your issue when there is a sudden need of money for you.

Gold is a good business to go into especially when you have the knowledge to identify if is real or not, that's why sometimes if you have passion for a business is advise able to really understand it very well to avoid making a mistake and also sometimes investing on gold could be somehow because there are shops you can purchase gold and after using it for sometime and you decide to sell it there is a chance that you may not sell it up to the amount you bought it but in terms of land it appreciate in value as time goes by.

Doesnt matter whether you would really be having other options or forms of investment whether gold or other traditional businesses on which this would really be that ideal as long you could really be able to make
some money or profits then this what matter the most. In speaking of Gold then we do know that this is something that would really be a good option but of course people will really be normally be getting fold of on dealing up with Bitcoin or with crypto space just because when it comes to price volatility and the duration about making profits is really that different to each other on which you could really be able to tell into yourself that it would
be that really looks interesting and you would really be putting up that much consideration on having that focused allocation in terms of your investment choices.

In speaking about taking care of your money and would be having that savings then it would really be that turning out to be a must have or something that should really be done into someones life.
Dont wait up for things to get messy before you would really be making out such adjustments, this is why as much as you could or still have the money that you could
be able to do so then you should really be at least having that consideration.

Saving is often not enough. Some people go through their life just saving up money from their salary, while inflation is wiping out the spending power of their money year after year. Savings accounts that banks offer are generally the bare minimum, a tiny bit above the central bank rate. If the central bank has set their interest rate at 1%, you'll be lucky if the banks are offering 2%. we are in a good time to be a saver but it's still losing value and will go into reverse soon, lock in those good rates for a long time where possible. You need to put your money to work or you will be working until you drop, which doesn't sound like a fun life plan to me.

Definitely investing is better than saving.

In saving, your money will not grow but instead it will actually decrease in value due to inflation. But investing has the potential to give you double, triple, or even quadruple your money if done right. There are risks of course but we can manage them well if we just study these risks and try to manage them the best that we can.

From my experience seeing the condition of society, there are lower, middle and upper economic classes. The middle to lower class will find it difficult to save because money is always used for necessities. For the middle to upper class it is also divided into 3, spending money on lifestyle, business and investment.

And if what we are going to discuss here is how to take care and save money, then the most appropriate choice is to buy a plot of land. It will always be profitable even forever. We also don't need to bother paying administration every month, and only pay annual taxes.

Yes it is different if you keep your money in cash while saving, but due to economic downturns many times if you keep the money in the bank you will lose some value of your money due to inflation. In order to invest properly and get a good profit you must first select the investment projects be it bitcoin, land, gold like precious assets. As I said about these three investment projects here three are quite suitable for investment but there are risks. Bitcoin price always goes up and down so investing here requires a long process from which a good profit can be made. If you buy land or gold, it may take 4-5 years to make a good profit. All investments have risks, the rest depends on you how much risk you are willing to take.

Yes, bro, when our economy starts to stabilize, the thing we have to think about is how our money can move to generate profits with a decent turnover, however, a lot of money will run out by itself if we can't manage it well, it will run out in vain. , so we have to put in various investments so that our money keeps moving and generates profits, and we can also, as you said just now, by buying a plot of land in various places, because that is also for future investment, also buying gold will make We have savings for the future, because every year the price of gold continues to rise without having to worry about inflation, so be smart about saving money so that it doesn't go to waste.

Investing is indeed better than saving. Because investment can increase the value of the money we invest. But saving us only accumulates money. But money itself will not increase in value. In fact, the opposite. That is, currencies tend to experience inflation either slowly or quickly. So saving is not recommended in cases that could be affected by inflation. Unless our savings are in other forms such as gold bars and the like.
I also prefer to invest rather than accumulate money in savings. Because from investment we can expect financial freedom in the future. But the most important thing is that we have to invest in several things. And don't invest in just one thing.

Indeed, the tradition and culture of saving is taught from an early age, it is the basis of success, we can take the example of how China invests and saves for their children from childhood to adulthood.

I remember a wise saying someone said.

Here it has meaning, savings or investment money really has a deep meaning for someone, to determine their future, remembering means good luck, not remembering means bad luck.

That is very true My dear Mate, most times we Dont take Care of our money And also we Dont realize what It means To save because of the nature of people that surrounds us just like you have called them here fake friends. In life there are virtually people who are very close to you because of financial benefits and they will keep on forming friends till the money finished while there are a set of people who are also closed to you whether there is no money or there is money. But the hallmark of this is that we should learn to save money when we have the opportunity of having enough money in our possession instead of throwing it around with friends just to impress them. And It is better you Dont have money At all than To have money And finished It entitely because you must virtually regret It So savings is the only sure measure To ensure a better tomorrow .

Just as not all fingers are the same, we cannot all be wealthy, but we should do everything possible, not to fall in the lower class because it is not a good experience at all, the economy is no longer friendly, and the more we are making money, the more we are speeding it, and what this is telling us is that we need to do more, one source of income is no longer enough, and we need to have ideas on how to be able to generate more income. That is what we have gotten into because food prices are going up. and one way or another, we must eat. and anyone who is spending money on lifestyle now should be talked to and advised, especially a lower or middle class person. i see contributions on savings as better than even investing the money, no matter how little it might be, Investment will always go the same way the economy is going and it will fetch you more money Just think of a business where the demand is moderate, and that way everything will go well, Instead of saving money without usage, the only money I keep in my bank is to be used.

Some middle to lower class people will of course prioritize their daily needs compared to saving because the income they get from the work they do is not enough to be able to think about saving and investing and they can survive on the income they get, however if they have enough income, of course they will be able to try to set aside part of the income they earn to save and even invest, and some of the upper middle class will of course be able to use some of the income they have on things that can benefit them as you have mentioned, but if they are not good at managing the income they have, of course they will spend more on their lifestyle and not think about their future.

By buying a plot of land, of course this will benefit us, but we have to have a lot of money because the current price of land requires a lot of money to be able to buy it and if we really want it, of course we have to be patient in saving so we can own land.

QFT

100% Correct.  Government and society encourage financial illiteracy.  Debt (student loans, car loans, credit cards) will keep most people in debt slavery and poor for their entire lives.

A high credit score is not a measure of success, it is a measure of how good a debtor you are.   Your goal should be to be totally debt free and build your investments and other appreciable assets.

What you want is a high net worth (net worth = assets - liabilities)  that's easier when your liabilities are zero and not actively working against your wealth building.   

Right, you mentioned the advantages of investing which is one of the simple ideas that we can get an increase in the value of our money over time, while saving obviously has the risk of being affected by inflation that can occur at any time, meaning that if our goal is to accumulate money in the long run then it is better to invest in whatever assets we know and that we trust. And on the other hand it's actually not a problem to save as long as you don't save for the long term, or the intention is for something we are aiming for in the future, because of course inflation will continue to reduce the value of our money, so if you really want to save then it's better to use the goal for the short term or for example for an emergency fund for the next month just in case of some unwanted things such as for example you or anyone in your family experiencing illness where the savings can be useful to fund hospital costs without having to interfere with the usual living needs of you and your family for one not the next before you receive new income.

So there are three things you should prepare for in this case, first is obviously saving money for all the costs of needs that have been calculated for the next month for example, and second is saving in the short term to solve unexpected problems, and third is investing some other amounts in assets that you trust in the long term with the aim of achieving financial freedom in the future as you said.

Later on, these people will understand that it is better to live your life without debt, even if your life is so simple without luxury. Rising everyday to work just to pay for your debts. That's not a life that you will want for you for the rest of your life. This is why it is understandable that some people will sell all what they have and move to a countryside and just live within their means, not worrying about mortgage and other monthly bills. Some go off grid and just buy a trailer truck. You are freeing yourself from other material things that you don't need in life.

Debt is something that will complicate life, it is certain that in their daily lives they will definitely feel pressure and tension for fear of not making money that day to pay various bills, although some things cannot always be tolerated such as paying installments for something they really need in life such as electricity, or water, but sometimes mindsets and lifestyles often trap people in various pressures, it is the same as they create problems for themselves. Spending money or getting into debt for something that is really needed in life is indeed a natural action if you cannot or do not have the ability to buy it in cash without leaving debt, but often most people these days prioritize prestige by buying various things or items that they don't really need, meaning that many people prioritize wants over needs, which makes it difficult for them to move forward and maybe their daily lives will only work to pay various installments, meaning that when your expenses exceed your income that you do on purpose then obviously it will only cause various pressures.

Money doesn't allow to be insulted, if you don't respect it, it will punish you. I learn too that I shouldn't have to permit myself to lose earned money, one time that some money make a part of any of my accounts, that money is mine, so I have to give it the suited importance.

That is something that is absolutely necessary for anyone to look after because as long as the money can still be used in good places and also for more useful work, of course we have to look after it very well. Because money that is used wisely can definitely take its owner in a better direction and can also provide quite good dignity if the owner is successful enough in the business field that he is doing with that amount of money. So you yourself will never lose if you continue to look after your money very well and use it very wisely.

I do not understand why people focus only on saving instead of investing. Investments are capable of giving us high returns but expecting profits from savings is absolutely foolish. Again depending on the country and the economic condition of the country the value of money from savings decreases a lot but if the economic condition is stable even if the value of money does not decrease no money production or growth is possible from money.
As the population of the world is constantly increasing, investing in land property today will provide good returns and is one and surely profitable sector. Moreover those who are currently involved in cryptocurrency can get better profits with less risk by investing in Bitcoin.

No one expects anyone to earn profits from savings but people used to think that when you have enough savings, you will have enough money to buy a house, a car and other thing you'd want and in a way they are correct. Saving is as important as investing, imo.

But people should really look at the bigger picture. Investing will not just make you be able to afford things but can actually make you richer than you have ever thought of.
I don't think any country is safe from inflation, but some countries have indeed low percentage of inflation due to a relatively stable economy.

Indeed, saving is an important thing in life, everyone generally has to work hard to be able to achieve the desired wealth, because of course everyone definitely wants wealth. And to achieve wealth or live comfortably they have to work hard including by saving money. Because saving is also one of the aspects related to wealth. If with investment not everyone understands it, but with saving I think parents also teach their children from an early age to save.

Investment is important, but if you want to invest, you must have good knowledge and understanding, don't just invest, especially now that there are many fraudulent investments that only take advantage of one party.

Parents who have high knowledge will also tell their children to invest because saving under certain conditions will not be able to change anything and will not be able to bring wealth forever. Just a small example, when we want to open a business that can provide us with an active income, of course the amount of capital required at this time is very different from the amount of capital required by previous people who had not experienced inflation or increases in the price of goods. So apart from saving, everyone should also be able to invest because it is also a way to move towards a better direction and can also bring wealth.

This is the importance of sufficient research and knowledge before making decisions or choosing investments haphazardly, because it is also the same as saving where each person does not have to rely on just one of their savings. But you also have to rely on savings in the form of assets so that it is easier to get the wealth you want, as well as investments which generally need to be researched first before actually being chosen as something we will rely on. Because after all, investing has become an important thing for everyone to do.

Actually, this doesn't only apply to money, but to all the assets we own. We have to take care of everything we have, including money and even health. The reason is that when we have a lot of money but we are sick, sooner or later the money we have will run out because we have to go for treatment, while the money we have may not turn over if we are the head of the household.
I see a lot of rich people who have certain illnesses and they don't even enjoy their wealth. They can't even eat like healthy people because they have to avoid certain foods and can only eat certain foods. So in my opinion we have to take care of everything very well.

Generally that's the case, because everyone needs to keep themselves healthy and whatever possessions they have in life and from the example you gave, I've also seen in my place where rich people can't enjoy any food when they suffer from certain diseases. So this made him have to eat food prescribed by the doctor who treated him and that really didn't make him enjoy life because he had to follow the doctor's advice with several restrictions that he had to heed while he was still sick. So maintaining everything we have in this life is a very common thing to do.

Right, meaning that everything must be taken care of or meaning that everything we have must be managed properly, one of which is like the health that you said because in the end no matter how much money we have but if we have an unhealthy lifestyle then yes it is the same as we are looking for opportunities or looking for ways to spend our money in the long run where for example as you said that no matter how much money we have in the end maybe it will all run out over time to overcome health problems.

And I also recognize that the example you gave of rich people who have a lot of money but have a life full of rules, such as there are restrictions in terms of consuming food, and I think that is not uncommon, and also I think because of this incident why some people say that money does not guarantee happiness, but I would also say that if you manage everything properly and correctly then you will find that the saying is wrong.

You take care of your money, mindset, your mood, your health because health is wealth, what you eat indeed really matters. People can call you whatever, I've got two words for people lately " Fvck Everybody " in the next decade most of people these opinions would be shit if you're doing things the right way.

Most importantly, invest in yourself, what you read and what you eat.

I just don't like that word call save. When you say save what do you mean? Save in $'s? Gold? Silver? Maybe I'd say Bitcoin, Gold and also Silver would be grand.
But then, try not to save in fiat currencies. We could see how they be losing the values, Yes? Something more, try to get a skill that will serve tue length of time and at the same time, solve a problem and invest in the resources nature gave us. Bye.  :)

We save  money because no body knows tomorrow and saving is also a good thing because it held one to achieve some opportunities in future, when you have a good amount of money on your savings you win be too scared to handle some cases because you have what it takes to solve any slit issues that occurs. We do savings because we know what importance of savings and we do t save because we want to use it today, we save because we want to use it in future.

Yes, nobody knows on what would be tomorrow would be look like on which means that you would really be that definitely be having that kind of anticipation that being prepared would be always best rather than on having nothing at all in terms of finances. This is why saving up money for emergencies or important matters is something that you should really be considering or else you would really be fucked up when that time happens. Speaking about allocation for savings then it wont really be necessarily big, it is really just that it will be needing up that consistency on doing so because majority of people do really fail on this part.

agree with your opinion, we will not know what will happen in the future. Therefore, always anticipate what will happen in the future. Preparing by doing something that can give hope is certainly something that must be done and saving is the best way to do and all do not want that hope to be lost because we are not prepared for what will happen in the future without having any savings at all.
Sometimes it seems easy to be able to set aside the results of business / work to save, but without the right intention it will not work well.

individuals with a sense of entitlement will eat you till you run out of money and then they will leave you hopeless and still speak bad about you. It's always an issue when you're trying to be too generous with your money and trying to solve everyone's need that you see around you just because you don't want them to call you a bad person. If you keep on spending without making plans for investment or saving some part for yourself, you will get al the ridicule and back bitting when you no longer have the money to spend for them.

The mistake we make most of the time is that we're afraid of being looked at as a stingy person and we try to solve other people's problems that they should have become man enough to solve on there own. If you're stingy today and you save up for tomorrow, you are going to get called the bad name just at the onset but when you've established yourself and still helping those people at that time, they will appreciate you at that time.

Money is one necessity that needs to be treated with much caution, Care and management and in most cases trying to learn to save money usually amount to alot both negative and positive effects and how you go about it matters alot.

You can decide to save a certain amount on several occasions and a need comes to spend it,what do you do it's to take your time and know what exactly to do and if the reasons for spending that money is one's priority is should be spent.

It is too late to save to buy a house or car or other necessities or luxuries. Because savings is what is left from income minus expenses, but if one wants to buy a house or a car or luxury goods in a relatively short period of time then one must focus on investing. But it is also very important to save which helps us to face future unexpected situations. So my theme is to save at least a part of what is left after deducting the expenses from the income and use the rest for investments that will help us meet all our needs.

The theme that you developed is actually quite suitable to be applied by everyone in any condition because it will not only help us to meet the needs we need, but can also help us fight bad conditions such as inflation and other things such as unexpected in life. Because someone who is able to save a little money and invest with the remaining money from his monthly income will definitely feel that things are better in his own life because he has actually helped his own future and made it better.

Indeed. No one knows it, that's why we must prepare it by saving and investing our money. Saving basically has no risk but we must choose a reliable bank to store our money. There are some banks that have problems, the customers lose their money on the banks. So, be careful to choose the banks for saving our money. Meanwhile for investment, it always has risk, whether low or high risk. If we don't want to have high risk for all our investment, the best way is to diversify it. For example, we can invest in Bitcoin and in Gold together. Bitcoin is high risk because the value is volatile, Gold is mostly in stable value.

There should be awareness for the future life. Without awareness, it is impossible to have the right intention. However, I am sure most people must be aware about their life in the future. Since life is getting uncertain and the world economy is deteriorating, it is the warning for everybody to prepare anything for the future.

Usually savings is really that something that could be used as emergency funds but we do know that it could really be able to have other purpose as well on which it could really be used on investment or business purposes on which it would really be something that give out that kind of advantage in compared to those people who had neglected out on having those savings. They would really be only seeing its importance
on the moment that they would really be experiencing those bad conditions but on the moment that they are still doing well and not facing up any issues then they wont really be mindful about this matter.

On the moment that you do see yourself on such tough condition or situation in terms of finances then you would having that regret but well this is something that will really be
be letting you realize on how important it is. If you are really just that sensible on the things around then this is something that you cant be able to forget.

That's not right either. Do you feel that investing will get you benefits in a short time? That's definitely not because in the end, investing is also not an instant thing so saying that when you want to get some facilities such as a house or other luxury items in a relatively short time, you have to invest then it would be a ridiculous proposal.

Investing is not as easy as imagined buddy because apart from you have to really be in the right investment, the right plan and a good strategy you also have to realize that investing is not like we eat chili sauce when eating it will immediately taste spicy because in practice it is not like that. We need a relatively longer time when it comes to Investments so it would be a mistake if you feel that with investments you can get something that is desired quickly and instantly.