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Minecache
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November 18, 2022, 04:10:56 PM
 #81

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.


It is good advice, thank you. Investing in gold and silver is a good investment, but it is not as profitable as Bitcoin, but it is okay to put part of our money in both investments. Bank benefits are not feasible, so putting our money in banks is like freezing and saving money only, but if we do something like a project or business with this money without putting it and crediting it in a bank will be a good idea as you will be the manager of your project and your business and you will have the full percentage of profit without anyone sharing the money with you, Through the surplus money you need from these businesses, you can invest in cryptocurrencies and trade, where with time you can double your capital.

Investing is always a great idea to increase our wealth. But you need to know that business is not always profitable. I believe people would rather double their money than put it in the bank, but they are aware that business is risky, not every investment is profitable.
Like cryptocurrency investing, business is not for everyone and those who tend to be risk-averse will choose to go to work and save money in the bank. It's really hard to give advice or explain to those people that it's better to understand investing than depositing money in a bank.

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DVlog (OP)
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November 18, 2022, 04:14:13 PM
 #82

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.


It is good advice, thank you. Investing in gold and silver is a good investment, but it is not as profitable as Bitcoin, but it is okay to put part of our money in both investments. Bank benefits are not feasible, so putting our money in banks is like freezing and saving money only, but if we do something like a project or business with this money without putting it and crediting it in a bank will be a good idea as you will be the manager of your project and your business and you will have the full percentage of profit without anyone sharing the money with you, Through the surplus money you need from these businesses, you can invest in cryptocurrencies and trade, where with time you can double your capital.

Gold, silver, and bitcoin have advantages and disadvantages. Bitcoin is riskier than those two as the price is very volatile. Gold and silver prices continue to rise yearly, but at a slower rate than bitcoin, which bitcoin takes only a few days to reach its ATH. The downside of bitcoin is that you can lose a lot of money if you are not cautious. It is simply a matter of deciding which risk to take, as both can result in a profit. If we do have enough funds, why not store gold and also buy bitcoin since they are both profitable

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.
Recession in 2023 is what makes the investment you have are really important and could stabilize your wealth into different kind of assets such as gold, bitcoin and stocks. People have been recommending to put your assets into different commodities from youtube videos, also educate people that recession could be a nightmare for some of us. It's not too late, we have to make the investment and stop putting your money into banks.

In a bear market, people understand that money is king. Most people already invested their money and many in a loss. But those very few people who hold their nerve till now to invest will make most of the gain in the next bull run. In a time of recession, some people suggest not spending your money and saving those in a bank so that it can be used when needed. But I think this is the time what makes the next multi-millionaire who can manage their funds well.

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November 18, 2022, 05:16:03 PM
 #83

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can be in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.


It is good advice, thank you. Investing in gold and silver is a good investment, but it is not as profitable as Bitcoin, but it is okay to put part of our money in both investments. Bank benefits are not feasible, so putting our money in banks is like freezing and saving money only, but if we do something like a project or business with this money without putting it and crediting it in a bank will be a good idea as you will be the manager of your project and your business and you will have the full percentage of profit without anyone sharing the money with you, Through the surplus money you need from these businesses, you can invest in cryptocurrencies and trade, where with time you can double your capital.

Investing is always a great idea to increase our wealth. But you need to know that business is not always profitable. I believe people would rather double their money than put it in the bank, but they are aware that business is risky, and not every investment is profitable.
Like cryptocurrency investing, business is not for everyone and those who tend to be risk-averse will choose to go to work and save money in the bank. It's really hard to give advice or explain to those people that it's better to understand investing than depositing money in a bank.

We can't deny the fact that there are still lots of people who can't deal with the risks of crypto investment so they stay on the traditional way of investing with banks. They prefer lower profits just to have an assurance that their funds are safe. Nowadays, if we want to maximize our gains and make money from our assets, we should be brave enough to take the risk and embrace the investment opportunities that crypto could offer. Relying on banks alone for profit will never be enough and won't make us money grow.
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November 19, 2022, 02:23:59 PM
Last edit: November 21, 2022, 05:30:49 PM by DVlog
 #84

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can be in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.


It is good advice, thank you. Investing in gold and silver is a good investment, but it is not as profitable as Bitcoin, but it is okay to put part of our money in both investments. Bank benefits are not feasible, so putting our money in banks is like freezing and saving money only, but if we do something like a project or business with this money without putting it and crediting it in a bank will be a good idea as you will be the manager of your project and your business and you will have the full percentage of profit without anyone sharing the money with you, Through the surplus money you need from these businesses, you can invest in cryptocurrencies and trade, where with time you can double your capital.

Investing is always a great idea to increase our wealth. But you need to know that business is not always profitable. I believe people would rather double their money than put it in the bank, but they are aware that business is risky, and not every investment is profitable.
Like cryptocurrency investing, business is not for everyone and those who tend to be risk-averse will choose to go to work and save money in the bank. It's really hard to give advice or explain to those people that it's better to understand investing than depositing money in a bank.


I know there is a category of people who do not want to take any kind of risk with their money. They just want to keep their money in a bank and take interest every month. Why people would take risk of losing money when they can get guaranteed rewards somewhere else? But what they are not seeing is they are losing the chance for potential rewards too.

Banks can double the money but inflation would eat those values. There is no point in keeping your money ideal in a vault and losing its buying power every year. CashFlow management can double your money faster than a bank.
We can't deny the fact that there are still lots of people who can't deal with the risks of crypto investment so they stay on the traditional way of investing with banks. They prefer lower profits just to have an assurance that their funds are safe. Nowadays, if we want to maximize our gains and make money from our assets, we should be brave enough to take the risk and embrace the investment opportunities that crypto could offer. Relying on banks alone for profit will never be enough and won't make us money grow.

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November 19, 2022, 02:27:13 PM
 #85

Many people focus on finding work in the office, after graduating most people only focus on applying and working according to the fields that have been studied at school, of course this is natural, but from now we have to open our minds that if we only work then until old income will be difficult increase.


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November 19, 2022, 03:05:53 PM
 #86



I know there is a category of people who do not want to take any kind of risk with their money. They just want to keep their money in a bank and take interest every month. Why people would take risk of losing money when they can get guaranteed rewards somewhere else? But what they are not seeing is they are losing the chance for potential rewards too.

Banks can double the money but inflation would eat those values. There is no point in keeping your money ideal in a vault and losing its buying power every year. CashFlow management can double your money faster than a bank.
 

Simply because they do not want to step out of their comfort zone. My parents are also one of them, but I never blame them because I know that they have worked hard all their lives to earn, so they don't want to take any more risks, which is understandable. Everyone has an opinion, we should not impose our thoughts on others.

And in the case of my parents, their choice I don't see wrong. They have worked hard all their life and now is the time to enjoy and relax so there is no need to invest, with the money in the bank now, their life is not as hard as other people's.

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November 19, 2022, 05:02:43 PM
 #87

Many people focus on finding work in the office, after graduating most people only focus on applying and working according to the fields that have been studied at school, of course this is natural, but from now we have to open our minds that if we only work then until old income will be difficult increase.
People working at office jobs can still retire themselves when the time comes, right? It will guarantee them a monthly wage after they stop working because of advanced age or health issues. Companies have this burden with employees as far as I know, unless your country doesn't guarantee and doesn't impose any protection to workers by the local legislation.

Of course nobody should rely on retirement for a confortable life, because the wages are really low, but it's already something extra you will have till the end of your life.

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November 20, 2022, 03:52:12 AM
Merited by fillippone (2)
 #88

the point you have made at the end - that gold and silver is not a productive assets - My mother has a lot of gold gifted by her parents as per our culture.
The whole gold was stolen in a day - leaving us at zero - there is no asset left for us - so home is a better option but then there are natural disaster too. where we cannot do anything
If you constantly think about the natural disasters that are coming to this world, then nothing can be truly safe for you except the fear of losing all your assets. Gold can be stolen and lost if the owner is not able to take good care of it. And basically everyone just needs to take care of whatever assets they have properly so that they are not easily stolen or lost without having to think about natural disasters, because this world will also be destroyed when the Day of Judgment comes and every human being will also die when it comes to death, including you.

So what do you have to fear now if everything in this world will be destroyed in the end? It's better for you to just take care of your assets as well as possible to avoid some risks that can come at any time without you knowing it because it is not always related to natural disasters. And natural disasters are different disasters that generally everyone will experience loss, including your mother's gold thief.

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November 20, 2022, 04:13:17 AM
 #89

Many people focus on finding work in the office, after graduating most people only focus on applying and working according to the fields that have been studied at school, of course this is natural, but from now we have to open our minds that if we only work then until old income will be difficult increase.
Why is it so hard to increase? It's not that someone who has been working for a long time and saves half of his salary to open his own business will get better wins and income in his old age. If you say about other people who have to open their minds to get more income in their old age, then you also have to open your own mind to save a little money from the income you get so that you can also open your own business in your old age.

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November 20, 2022, 10:58:45 AM
 #90

As of now, some business is having a hard time to back on track. But every time i watch videos in other social medias, small businesses is doing great. I was wondering if i start in that moment, will i become as successful as them? Doing my work as individual is really depend on what situation your in. Yes, business is one thing will help one person to be free from capitalism. But we can't guarantee its success. The risk is always there. But what other says, if we don't risk, we don't gain/loss. 

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November 20, 2022, 02:17:36 PM
 #91

I am currently working, and it's been around 4 years since I graduated I worked in the same company, by working, of course, making us people who could maximize the potential, moreover my field of work at this time was a production planner so that it needed a lot of teamwork to be able to produce products that were quality and low cost.
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November 20, 2022, 11:57:24 PM
 #92

As of now, some business is having a hard time to back on track. But every time i watch videos in other social medias, small businesses is doing great.
Not all were able to get back on track. Too many businesses have been closed down for good coming from small enterprises to medium and to large businesses.
They can no longer recover and that's why if you're a business owner and you're still on track and recovering from the crisis that we've been through, you're doing great and appreciate your hard work.

I was wondering if i start in that moment, will i become as successful as them? Doing my work as individual is really depend on what situation your in. Yes, business is one thing will help one person to be free from capitalism. But we can't guarantee its success. The risk is always there. But what other says, if we don't risk, we don't gain/loss. 
We have our own taste of success and not everyone becomes successful overnight and that's why there's gotta be hard work that you must apply to it.
But as you start, don't be frustrated with failure because it's going to be part of anyone's goal to become successful.

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November 21, 2022, 03:40:12 AM
 #93

Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.


It is good advice, thank you. Investing in gold and silver is a good investment, but it is not as profitable as Bitcoin, but it is okay to put part of our money in both investments. Bank benefits are not feasible, so putting our money in banks is like freezing and saving money only, but if we do something like a project or business with this money without putting it and crediting it in a bank will be a good idea as you will be the manager of your project and your business and you will have the full percentage of profit without anyone sharing the money with you, Through the surplus money you need from these businesses, you can invest in cryptocurrencies and trade, where with time you can double your capital.

Investing is always a great idea to increase our wealth. But you need to know that business is not always profitable. I believe people would rather double their money than put it in the bank, but they are aware that business is risky, not every investment is profitable.
Like cryptocurrency investing, business is not for everyone and those who tend to be risk-averse will choose to go to work and save money in the bank. It's really hard to give advice or explain to those people that it's better to understand investing than depositing money in a bank.

Investing is not for everyone as well. There are actually a lot of people who can't tolerate this risk appetite, that even they knew that a certain investment could give him multiple profit in a long term perspective.
I knew a lot of people who chooses to put up a business than investing in either stocks, real estate, or cryptocurrency. We all know that the path to a successful business is very very hard, but that's their passion anyway - so they're gonna work triple effort compared to when he's still employed.
Nevertheless, Investing in crypto is one of the most profitable investment long term.

R


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November 21, 2022, 06:03:44 AM
 #94


Investing is not for everyone as well. There are actually a lot of people who can't tolerate this risk appetite, that even they knew that a certain investment could give him multiple profit in a long term perspective.
I knew a lot of people who chooses to put up a business than investing in either stocks, real estate, or cryptocurrency. We all know that the path to a successful business is very very hard, but that's their passion anyway - so they're gonna work triple effort compared to when he's still employed.
Building a business is also a form of investment but much more difficult than other forms of investment. Business is that we both invest with money and invest with people, although it will be more difficult, profits are generated more slowly, but it is the most sustainable model when combining both money and human investment.

Nevertheless, Investing in crypto is one of the most profitable investment long term.

I will only say bitcoin here because not all altcoins will be profitable. Bitcoin is very new compared to the rest of the investments and highly volatile so it is considered a risky investment and the future of Bitcoin relative to the rest of the investments is uncertain. Therefore, it should be further emphasized that bitcoin in the long run offers the best return but also the riskiest.

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November 21, 2022, 06:17:40 AM
 #95

Since I graduated from school until now or about 7 years I have worked in 3 places, sometimes working is a boring thing because I have to be in the office about 8 hours, and I am preparing to go out of work and now start with the vegetable and agricultural business, I hope I hope 3 more years this can happen.



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November 21, 2022, 07:46:48 AM
 #96

Right now I am not working, the last time I work for the official about 2 years ago, now I work anything to make ends meet, I serve private lessons and every day teaching for at least 3 hours, while the rest of the time I use to market property such as buying and selling houses, Rent a house and apartment and so on.
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November 21, 2022, 04:39:17 PM
 #97

Most people are trying to get above the inflation by diversifying into different asset classes beyond bank deposits, which is why are all here in this forum.

Point is that starting a business needs a lot of groundwork be it small or big, not everyone can afford that right away, but takes time too. But investing is possible if people are diligent enough.

The fact that bank interest rate are dropping every year and that we are losing to inflation is known to many, but the way out if often not clear to them. For them government rules along the crypto road may have become a roadblock.

R


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November 21, 2022, 05:29:22 PM
 #98

The title "Do your work" refers to growing your own business. We all have some skills in different sectors and we use all of our energy to work for a company and get a monthly salary. But we are not supposed to work for that company till death. so how will we bear our living expenses after retirement? Most people do not think about that.

If we all want to be entrepreneurs then who will be employees? I think it's not wrong either with people working in other people's companies because employers also need that.
the most important thing is that we all have to be aware of our abilities and also plan our retirement carefully. today's workers are busy spending money to meet their expensive living expenses because of style, so planning finances wisely is an important thing that everyone should do.



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December 06, 2022, 11:25:34 PM
 #99

I believe that the tendency of most individuals and the lack of current knowledge about societal evolution has prevented them from being proactive. Many people were brought up with the idea that the bank is the greatest location to put money, especially for security reasons even if it has no use.

However, it's also important to note that in recent years, online fraud in the nation has played a significant role in prompting people to be cautious with their money. However, our society is quickly moving past that system to modern Crypto(Bitcoin).

For worthwhile and lucrative savings, it is also smart to invest in gold, bitcoin, and other precious metals.

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Marcellin9
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December 07, 2022, 06:14:31 AM
 #100

At some point in our life, we must grow our own businesses for our own safety.
Dude, what are you talking about?  I get your bottom-line message of investing in metals and/or bitcoin, but if you're in any way arguing that everyone should start their own business, that's untenable and is never going to happen.  I can't tell if you're fishing for merits with this thread or what, because your post is just a bunch of bloated, general stuff that's been written many times on this forum.

The world needs wage slaves, whether you like it or not, and most people are going to end up being one of them (though it's a harsh way of looking at having a job).  Just keep in mind that there's much more to life than work and money. 

Mr. Pharmacist is telling the truth exactly. Not only the world needs wage slaves and most of us are going to end up being one of them, but also we, as huamn beings living only spans of decades on earth, have to enrich our precious life seriously. Work and money are necessities and our life is built on them but not for them. As we grow old, a healthy relationship with our family, friends or people around us in general, is much more important than we thought. Sparing a bit more time on our hobbies can be more interesting and rewarding than devoting the equivalent time to work. Not owning a business does not mean lack of financial safety. I have seen so many hard-working people from different generations end up well living a comfortable life after retirement. I believe most of them chose to live within their means and manage finances carefully. Besides, the work itself means more than money too. Even as we gain financial independence now, it's better for us to keep working to simply have a purpose in daily life, nothing attached to money. In summary, life is way much more than work and moeny and people who don't agree with just don't get there yet.
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