Why we should prioritize investment over saving

[Barikui1]

Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that  inflation wouldn't eat it up.

[Strongkored]

Saving not only won't save us from inflation, but our chances of spending the money are greater than investing it, for example in gold or shares, because it takes time for us to convert it to fiat and also the consideration that we haven't made a profit will prevent us from exchanging it to fiat, which is different by saving in the bank whenever we want to use it, we can use it straight away, especially now that the banking system is digital so there are no obstacles for us to use the money as long as we are connected to the internet so in the end we only have a little leftover because we are tempted to use it and inflation will make our finances even more difficult.

[Hatchy]

if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.

In a way, I disagree with the idea that investing in Bitcoin or gold and quickly making a profit. While it might work for land since land appreciates over time and not the another way. it's not reliable for Bitcoin due to their volatile nature. There's no guarantee of profit in such a short time, especially with Bitcoin's unpredictable market. gold is a fixed asset since it's considered as a stable store of wealth over time. That means that if you invest 100$ in gold today, your 100$ worth gold would still be what you have in years to come.

Putting or saving money in banks or storage facilities isn't wise either. Banks use deposited funds to make profits through loans, which isn't ideal for savers. Keeping money in bank vaults isn't a good idea because of this. Instead, investing in land or Bitcoin could potentially yield profits for you but it will take longer than a year to make good profits out of them.

[Adbitco]

Savings can be good when is only months but to save for years then i think that is a very bad idea because as said inflation could hit it so hard where your savings won't worth something valuable in the future that is why investment is mostly appreciated and valuable, we can invest in bitcoin also real estate businesses. Must people have no idea about saving money because to me i think there are lots of circumstance that may surround man which might triggered him to touch his savings although sometimes investment within our power can be touched as well but what happened is that when doing investment we should try as much as possible not to have every control of our investments otherwise we could temper with it. You know there is some people who don't always have this patients of holding their investment till maturity but when they have any little issues they would want to pull out their investment to sort out whatever problems they are facing which to me isn't right at all and should be cultured about that to enable investment to get to maturity this could be 5 years to 10 years time.

[EarnOnVictor]

If you realise the way people were talking about and prioritised savings when I was growing up, I thought that I would join them as it might be the saving grace of people to have that financial freedom. Some would painstakingly save for the year, while others would be finding available investments in the banking industry, and some would be contented with the meagre annual interest that savings accounts are giving them on their deposits. What a lame thought!

Some will be so professional in that angle to be looking for every available high-interest package in the banks so that they can maximize the earnings of their savings, but I do not think that any bank gave any of the over $12% per annually regardless of the amount they have but are using their money to make more money in multiplies. Banks do that by loaning people for higher returns and investing in lands, properties and many more that are earning big for them. This is just no secret, it is just a priority, people prefer by then to have money in the bank, though some are still doing it today but the level has reduced. Exposure and technological advancement are now opening people's eyes to what is the right thing to do believing that if the bank can invest your money elsewhere, you also can. To make matters worse, as of today, if a person is saving his money in my country in the local currency over a period of 15 years, I can assure the person that the value of the money now compared to that time will be about 5-8 times less. This is due to inflation, and it will continue that way since governments are just clueless about this.

But those who bought lands, stocks or properties with them will have more money smiling to the bank for. While against the USD, the money had devalued more than 10 times too, this is so pathetic. Going forward, people should rather look for investments than savings, that is the only way out and one of the secrets of financially free people anywhere in the world.

[Charles-Tim]

Saving our hard earned money have never been a bad idea, but their are certain things wey need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it for inflation to eat it up.

You are correct. But you should know the differences between fiat and money. Fiat is the money that the government of a nation made a legal tender. The government control the price and it is always depreciating is the control. Bitcoin also is money. Money is anything you can spend that have intrinsic value. Bitcoin has intrinsic value. So if you are investing in bitcoin, it also means you are saving money called bitcoin. But bitcoin is an appreciative asset and not a depreciative assets like fiat.

[RockBell]

Saving our hard earned money have never been a bad idea, but their are certain things wey need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it for inflation to eat it up.

if we understand saving and what it is supposed to be used for then we should not be bothered about having it and it is majorly for emergency reasons so that you don't have to think of borrowing money when there are needs you can always take out of your savings to solve whatever problem you might be in. and I would not advise saving a large amount of money because of inflation true. and it is better to invest that little amount of money in savings than just. and the idea of putting the money in Bitcoin is good. inflation won't have any effect. and whenever you need money for something you do not have to worry about anything just to sell but I would prefer if you have Fiat and then Bitcoin as your investment, and that additional value is what makes everything different. but just leaving your funds dormant just like that will not favor anyone at all. so let us be smart while making a choice either to save or invest.

[Despairo]

People know about that, but unfortunately they're invest their money without any knowledge that lead them to get scammed or lost.

Land or real estate, there are many mafias and unnecessary cost that make you need to spend more money.

Gold, there's a chance you buy a fake gold and hard to hide it.

In Bitcoin, as long as you buy the real Bitcoin and hold it on your non custodial wallet, you're safe. People scared with Bitcoin because it's intangible asset, they always want to see their asset in physical to know if they really own it.

[jasonjm]

The money in the bank is of no use to you in terms of profit earning and asset building. Banks are getting profits on your money through lending. Although saving is also important, you should not put all your earnings in the bank. I am not saying that you should not save for your rainy days. Investment is important to build assets and fortune. Investment in Gold, Silver, BTC, Property, and mobile assets can help you fight the upcoming recessions and devaluation of the currency. Also, make sure your kids don't go through the same pain and suffering as you once went through. Be brave and take the risk for your future.

[DeathAngel]

Investing offers the potential for higher returns compared to traditional savings. By prioritising investment you can grow your wealth and achieve long term financial goals such as retirement or purchasing a home. Unlike saving which often earns minimal interest, investing in diverse assets like stocks, bonds, crypto or real estate can generate substantial gains over time. Investment allows for the compounding of returns meaning earnings can be reinvested to generate even more income. While saving is important for emergencies & short term needs, prioritising investment can help you build wealth & secure your financial future.

[Lida93]

Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that  inflation wouldn't eat it up.

Both savings and investments has their respective unique roles they play in our daily lives and thoroughly looking at the two factors we can't do without the two, having just one in place is incomplete for anyone in this hard times where inflation keeps soaring and challenging emergencies are always occuring.

When we save we are having a backup to our investment should anything go wrong as the future is not certain and unpredictable it is to the savings you have been making that you will fall back on to revitalize, resuscitate and wage your investment from imminent collapse when things probably go wrong. Yeah, savings may not hold it value at a still due to inflation but it's backup importance/role makes it a necessity never to undermine.

While investment is immensely quintessential to growing the value of our money we should also be careful at what and when we chose to invest our money on as it is possible that we can invest in the right thing at the wrong time and due to this incur losses. Just like bitcoin, right now is a right time to invest as we are still in the dip, but when an investor has to invest at the time the next bitcoin ATH has set in you're said to be investing at the wrong time at that moment.

In conclusion, both investment and savings are crucial and it's dependent on the individual how they go about it and managing the two.

[Fiatless]

Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that  inflation wouldn't eat it up.

The concepts of saving and investment are interconnected.  Some people need to save before they invest because they don't have sufficient funds to invest in a business or product. So for this set of people saving is important. Another aspect is saving for emergencies. This kind of saving could be keeping enough funds that sustain you for three to six months without any form of income.  This type of savings is important for everybody.

Keeping money in the bank might not be the best option for people who live in nations that experience high inflation. This is because such funds will gradually become worthless over time. The best option for them will be to invest these funds in profitable ventures. However, they can decide to save their funds in a more stable currency like the dollar. The dollar is a strong currency that hardly loses value when compared with other currencies. In two years our local currency has lost almost 80% of its value over the dollar. Which entails that people who saved money in dollars made the right decision. 

[Assface16678]

Its not necessary that prioritize investment means you will jot save up money, its still better to have both investments and savings, think of this yes saving money is great and a good practice but the thing is as the days, months or years past by your money from your savings will not grow maybe a little, but compare to investments its better to have something that could give you profit, a lot of profit, if you want a bright future or a life where you can buy everything you want and needs then start being a little ambitious and do investing it will also make you grow in terms of skills and knowledge, in short don't be contented to just what you have, don't settle for less, keep on moving forward to achieve more things in life. It's best to have something to add to your assets or funds while at the same time securing your future by saving money.

[0t3p0t]

Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that  inflation wouldn't eat it up.

Agree. You may also take this into consideration that saving is a dead investment aside from being affected to inflation. For me Bitcoin, precious metals and real estate is the best investment here so if your savings is enough for these assets then I highly recommend you considering this choice. All I think is inflation and future proof.

[franky1]

savings should come first.

savings is not about wealth creating in low reward accounts..
saving is just to get a emergency rainy day easy access pot of money to cover incidences.
easy access so that you dont need to run to credit cards and you dont need to cash out investments during a bear market

once you have a savings amount to cover atleast X month of expenses + able to cover any surprise short term event. then stop saving and start using the excess income you were putting into savings to instead start to put into investing.
when you know you have a easy access fund of savings you become more relaxed about investing. knowing you dont need to rush to cash out your investments early. you stop worrying about bear markets or losing your investments because you are not relying on investments to cover emergencies, thus able to invest more long term rather then trying to get rich quick out of fear of your monthly real life costs of living

[Natsuu]

Right. Saving money is good but inflation can slowly erode its value. Investing in things like Bitcoin, land, or gold can be a way to beat inflation and make your money work for you but it really depends on your priorities. These assets have the potential to grow over time, helping your wealth keep up with or even outpace the rising cost of living but it's essential to be aware that investing carries risks and values can fluctuate. We all have different priiorities so learn to not compare yourself

[Mpamaegbu]

Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.

I learned something after the last bull run (and I believe it's valuable). I had to convert my savings to stablecoin and kept in a private wallet instead of keeping it in a bank during the bear season. As a stablecoin it won't be affected by inflation as fiat in a bank. Then I pull it out and invest in Bitcoin once I perceive a bull rally is around the corner. That way, I gain both ways in global perspective – Inflation free and secondly, investment in Bitcoin. On a local level, giving the type of hyper inflation that's ravaging my country, I gain in three ways – Inflation free, 2, Investment in soaring Bitcoin price and value; 3, My local exchange rate. I suggest people try this out too, especially those in inflation torn countries.

[Casalania]

Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.

I learned something after the last bull run (and I believe it's valuable). I had to convert my savings to stablecoin and kept in a private wallet instead of keeping it in a bank during the bear season. As a stablecoin it won't be affected by inflation as fiat in a bank. Then I pull it out and invest in Bitcoin once I perceive a bull rally is around the corner. That way, I gain both ways in global perspective – Inflation free and secondly, investment in Bitcoin. On a local level, giving the type of hyper inflation that's ravaging my country, I gain in three ways – Inflation free, 2, Investment in soaring Bitcoin price and value; 3, My local exchange rate. I suggest people try this out too, especially those in inflation torn countries.

I have also been saving money for a few years, which I learned when I started earning from my job. In the past, I used to save a specific amount of my hard-earned money in the bank every month, but after a year, the interest I received was less than what I expected. Moreover, the inflation rate was increasing rapidly, which also made me realize that I needed to find a safer way to save money and avoid inflation. That's when I discovered the method of buying stablecoins, at first, I thought of exchanging my fiat money for USD bills but then I realized I can do it virtually. This way, I can save my money without worrying about the impact of inflation.

[DVlog]

Right. Saving money is good but inflation can slowly erode its value. Investing in things like Bitcoin, land, or gold can be a way to beat inflation and make your money work for you but it really depends on your priorities. These assets have the potential to grow over time, helping your wealth keep up with or even outpace the rising cost of living but it's essential to be aware that investing carries risks and values can fluctuate. We all have different priiorities so learn to not compare yourself

Saving money is not good at all as this will make your money ideal which won't do anything for you except lose its value and PPP. We should put our money and wealth to work so that they can generate more money for us and grow in size themself. Gold and real estate are the safest options anyone can imagine to fight inflation and the newly added bitcoin become widely accessible to the western market through bitcoin ETF which is becoming another option for the community.

[Franctoshi]

Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that  inflation wouldn't eat it up.

Saving isn't totally a bad idea, especially when we are saving to invest because you must save money before you think of investment in anything be it land, Gold or Bitcoin just as you have mentioned above, it is not encouraging when you save without a reason for investing it or doing business with it and leaving it sitted in your bank account while inflation ripe you off the value overtime, but even as we invest we should have some funds in reserve for emergency or for unprecedented events.