Savings Vs Investment?

[Exidous]

I think we should make savings first.Then you can invest part of the savings.If the investment made a profit, you can invest another part of the savings. After all, investments are a riskier asset than savings.

I think it's a bit risky if we use our savings as capital for investment. It would be better if we routinely take from our income specifically to be made an investment. So we no longer need to take money from our savings.I learned this from books published by successful people in the world. The investment itself is very risky, so do not add to it by taking from savings

In my opinion, it is necessary to have a specific plan and allocation of capital to suit the current life. I think you should only save from 10% or 20% of the profits earned and have to switch to Fiat or Stable Coin so your savings will not lose value. I have been doing this for the past one year and in case of an emergency I will use this money to secure my life. Of course, depend on each person's thoughts but savings are essential when investing.

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[Sadlife]

The problem with saving is no matter how much money you put aside to buy a car, payment for the house or emergencies. Once its all used up it will be gone like a bubble but in investment that money could potentially grow, you could even aim higher by being financially free and have no more bills to worry because of the success you put on investing assets, properties, shares it doesn't have to be always crypto. There are lot of opportunities to grow your money just invest wisely.

[akmal1984]

Thanks for sharing this thought, from which book please and who is the author, I really love learning how to invest from different experts as one day I believe that I will have my own business too, right now I only have mini shop which covers our daily expenses and I am hoping for more income especially passive income that will make more money even if I am sleeping.

You can start by reading Robert T Kiyosaki's books. Have you search for yourself which book you are good at reading. But the basic thing is that you are good at reading The Cashflow Quadrant. Next, you might be able to specifically look for a specific book on how to manage our money so that it can be truly targeted. I mean how to manage our income so that we can more easily use it as an investment tool.

[lienfaye]

Invest. Saving money at a bank at almost 0 interest rate is the dumbest thing ever. BTC's so low atm, time to buy!

Even you save your money for long time in bank it wont grow because of the small interest.

Investing is still better because it can maximize your earnings but it depends on the investment you chose. Now the market is in bearish trend and a right timing to enter the scene since the coins are affordable.

[DevilSlayer]

Thanks for sharing this thought, from which book please and who is the author, I really love learning how to invest from different experts as one day I believe that I will have my own business too, right now I only have mini shop which covers our daily expenses and I am hoping for more income especially passive income that will make more money even if I am sleeping.

You can start by reading Robert T Kiyosaki's books. Have you search for yourself which book you are good at reading. But the basic thing is that you are good at reading The Cashflow Quadrant. Next, you might be able to specifically look for a specific book on how to manage our money so that it can be truly targeted. I mean how to manage our income so that we can more easily use it as an investment tool.

The rich dad poor dad by Robert Kiyosaki is my favorite book of all time. It is important to read that book because it can changed your mindset. Robert Kiyosaki mentioned in his book that savers are losers and it is true. It is better to invest than to save for us to beat the inflation.

[MRY]

I think, between saving and investing has a thin difference and it would be better to make an investment because with investments we will be able to get better results and of course we also must always observe and make good strategies so that we do not become a loss

[marcous]

saving money in a bank or in an account certainly will not develop. for that, some people choose to save in crypto for example for investment purposes or used for trading. If many newcomers are affected by the FOMO it is natural in the crypto world. that's why we need to learn and find out how the world of trade/investment crypto. The point is don't be too greedy in taking profit because it's full of risks

[TrevorS]

My point of view is Investment is far better than savings because is 2 in 1. But it is also important where you are going invest like if people who are saving in banks start making investments in crypto or in just BITCOIN they have far better chances to increase their profits and accumulate their wealth. I wish one-day people will understand this

Investments are always risks. Your savings are in a static state until you have turned them into investments, but in this case you should understand that there is a risk of losing all your invested savings.
That is why the main investment rule does not allow you to invest more than you are willing to lose. Alas, 90% of investors neglect this rule, which is probably why the remaining 10% are successful.

[Rana590]

Invest. Saving money at a bank at almost 0 interest rate is the dumbest thing ever. BTC's so low atm, time to buy!

We may be profitable by investing but we have to conscious about the risk of investment.

[AniviaBtc]

Investment gives much money more than savings does. But it is good to invest wisely, by choosing the right coin, right time to invest and the right amount of money. Investment involves great risks so you need to invest only money that you can afford to lose.

You can't save something if you didn't invest for something. It's just easy as that. Good investment will help you to gain more profit and money. Having a lot of money will help you to have savings. It is a process that you need to do in order to achieve what you want to achieve. Patience and risking about investment is necessary and important for your seed to become fruitful in the future.

[akmal1984]

The rich dad poor dad by Robert Kiyosaki is my favorite book of all time. It is important to read that book because it can changed your mindset. Robert Kiyosaki mentioned in his book that savers are losers and it is true. It is better to invest than to save for us to beat the inflation.

You are absolutely right. That book can also really be made a reference for us who want to start making an investment or to build a system. Because there will be told how the process of travel and what must be at stake to get the results we want. The most valuable lesson from the book for me is that when we enter the world of investment, we also have to leave our former ways of thinking. Because we are in a new place

[sayaya17]

All are choices where we have to choose between investing and saving. Especially investment in crypto is very risky to lose if we are new to investing, even old players can lose and not always run smoothly. So indeed if you want to be safe it is better to save your money. But if you want the money to increase you must choose the risk to invest. So indeed before you want to invest you must understand it first.

[supercanada1]

My point of view is Investment is far better than savings because is 2 in 1. But it is also important where you are going invest like if people who are saving in banks start making investments in crypto or in just BITCOIN they have far better chances to increase their profits and accumulate their wealth. I wish one-day people will understand this

Investments are always risks. Your savings are in a static state until you have turned them into investments, but in this case you should understand that there is a risk of losing all your invested savings.
That is why the main investment rule does not allow you to invest more than you are willing to lose. Alas, 90% of investors neglect this rule, which is probably why the remaining 10% are successful.

Investment is not gambling where you have to spend only that much amount which you are willing to lose. If a person invests in the right asset or place after doing some research on his own, then the risk factor not only decreases but vanishes completely. For instance, if you invest in bitcoin, you wont have to think about risks and the more amount you spend here, the better profits will be earned.

[Best Dreams]

My point of view is Investment is far better than savings because is 2 in 1. But it is also important where you are going invest like if people who are saving in banks start making investments in crypto or in just BITCOIN they have far better chances to increase their profits and accumulate their wealth. I wish one-day people will understand this

Investments are always risks. Your savings are in a static state until you have turned them into investments, but in this case you should understand that there is a risk of losing all your invested savings.
That is why the main investment rule does not allow you to invest more than you are willing to lose. Alas, 90% of investors neglect this rule, which is probably why the remaining 10% are successful.

Investment is not gambling where you have to spend only that much amount which you are willing to lose. If a person invests in the right asset or place after doing some research on his own, then the risk factor not only decreases but vanishes completely. For instance, if you invest in bitcoin, you wont have to think about risks and the more amount you spend here, the better profits will be earned.

Investing is not gambling we are investing because it gives us a profit and we are able to obtain profit. We should save our investment but saving your money is useless. We will keep our money for the long term but will not get any reward as much we can get from bitcoin investment. Rise and fall happened everywhere but from bitcoin it's future-making.

[NeironixNV]

The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.

It makes no sense to just keep your money in a piggy bank, you can at least just place funds in bonds that carry minimal risk, it will be the same accumulation, but more efficient than just keeping this money at home. So choose a conservative investment in assets with good protection against collapse.

[JC btc]

The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.

It makes no sense to just keep your money in a piggy bank, you can at least just place funds in bonds that carry minimal risk, it will be the same accumulation, but more efficient than just keeping this money at home. So choose a conservative investment in assets with good protection against collapse.

Yes, we should take risk in learning how to maximize our fund/money, investing in crypto, stock market, doing trading or forex trading are good just depends on you how you are going to maximize it, what's important is you are doing something that you can earn even if you are sleeping, as that's the secret of millionaires, they are taking risk until one day that they are earning a lot although they are sleeping.

[KnightElite]

You cannot beat inflation if you will just save your money but you can beat inflation by investing. Rich people people are prefer to invest than to save because they keep growing their wealth. We should invest more than to save for us to acquire more assets that can give us passive income.

[crisanto01]

I prefer investing in both cryptocurrencies and investing in gold. If investing in crypto I always buy bitcoins when price is cheap and so are buying altcoins. If in gold I always hold will not sell it. Because gold will not happen inflation.

I prefer them both too as they will generate both profit in the future, but will just invest more in gold rather than in Bitcoin, but still will check out the value when that time comes and will check the news, and other factor before finally investing in both of them and also making sure I do have enough fund to compensate our daily needs and our expenses.

[hahay]

Indeed, if it is related to inflation then investment will be the main option, but the problem is that not everyone or investors will really invest in the right project so that in the end it will suffer losses too because the returns do not reach as expected. So in this case I think both are good as long as we can control ourselves to not be greedy, because after all savings and investment will ultimately have benefits too if we know the right time from many factors and situations.

[Lanatsa]

It's better to put your money in savings to save your money from risky investment here in crypto. Huge dump will be happened once you invest a coin with no potential to increase.

Good thing to be done but there are people who do like to invest and doesnt like for their money to be stored into their own bank and having no interest at all.

The concern here is to make money and investment is only the option.If you wont risk then you wont earn something.Dump is inevitable thing here on crypto space thats
why you should really be careful on which coin you would tend to put your money on. BTC would be the primary choice for sure.