Why we should prioritize investment over saving

[Kelvinid]

Why we should patronize investment over savings is that investmet provides more profit than savings. Let's take for example you save money in bank for 3 years, instead of making profit your money would be gradually deducted bit by bit for maintenance,  transfer or SMS fee. But in investment like Bitcoin, volatility in Bitcoin will make it to increase, except the volatility is a negative volatile instead of positive volatility.

Investing means growing our money but some people prefer to save their money because they are uncertain about what kind of investment they will choose. Lack of investment knowledge would somehow affect their mindset and fuel their fear which I think was a good decision rather than losing our money. Investing should not be taken too easily as it gives a huge responsibility to the investor. Let us just do this if we think we can do it well but never try if doubts are in your mind.

[junder]

Why we should patronize investment over savings is that investmet provides more profit than savings. Let's take for example you save money in bank for 3 years, instead of making profit your money would be gradually deducted bit by bit for maintenance,  transfer or SMS fee. But in investment like Bitcoin, volatility in Bitcoin will make it to increase, except the volatility is a negative volatile instead of positive volatility.

Investing means growing our money but some people prefer to save their money because they are uncertain about what kind of investment they will choose. Lack of investment knowledge would somehow affect their mindset and fuel their fear which I think was a good decision rather than losing our money. Investing should not be taken too easily as it gives a huge responsibility to the investor. Let us just do this if we think we can do it well but never try if doubts are in your mind.

Therefore, it is important to learn about investment so that you can determine which investments are good and bad, because if you invest without knowledge it's the same lie just wasting money whether you invest online or offline it's the same thing, it requires good knowledge to be able to generate profits, and also need to know that profitable investments usually require a long period of time, and many of us are impatient in running it so that some stop in the middle of the road, that's because there is no good consistent.

but what must be considered before making an investment is that it must have an emergency fund, because the investment made must be good not to be disturbed by something unexpected such as an accident that requires medical expenses to be able to overcome. it by having an emergency fund one of the goals is that, to overcome the occurrence. of something unexpected,  because if there is no emergency fund it could be that the investment made could be disrupted but maybe it will not generate profits, instead what might happen is a loss.

[Fatunad]

Why we should patronize investment over savings is that investmet provides more profit than savings. Let's take for example you save money in bank for 3 years, instead of making profit your money would be gradually deducted bit by bit for maintenance,  transfer or SMS fee. But in investment like Bitcoin, volatility in Bitcoin will make it to increase, except the volatility is a negative volatile instead of positive volatility.

Investing means growing our money but some people prefer to save their money because they are uncertain about what kind of investment they will choose. Lack of investment knowledge would somehow affect their mindset and fuel their fear which I think was a good decision rather than losing our money. Investing should not be taken too easily as it gives a huge responsibility to the investor. Let us just do this if we think we can do it well but never try if doubts are in your mind.

Saving rather than on risking on something which you dont know even about is really just that a good call or something that would really be just that worth on doing so. Instead of taking up some risks without having any knowledge is really just that pure gambling on which it isnt really that recommended on doing so. This is why it would really be that best that you should really be knowing on the things that you are really that dealing with.
Making up some viable decisions will really be needing that corresponding analysis and wise selection on which you would really be that pertaining whether you are really that able to make yourself
that be benefited or not. If you cant bare up with the risks then better save and stop on dealing with it, but if you do saw that you do have the chance then its not really that bad to try.

We do know that when it comes or talks about investment then it would really be giving out that kind of opportunity for you to have a life which would really be
having no problems when it comes to financial aspects on which this is something that you would really be needing to consider it out first.

[YUriy1991]

We do know that when it comes or talks about investment then it would really be giving out that kind of opportunity for you to have a life which would really be
having no problems when it comes to financial aspects on which this is something that you would really be needing to consider it out first.

For definite knowledge and I think everyone should be accompanied, especially if it is for our children. Today we are just realizing that before we became parents, this was previously considered trivial and not really focused on, but after we have experienced it, we may already feel how clearly it is very necessary. On the other hand, the application of living habits also has a relationship with the success or failure of the program to be implemented. both in investment or do saving plan.

[Gaza13]

If we want to earn income many times over, of course investment is our choice. If they are already playing in the business world, they don't have any assets to save in the form of savings. On average, they invest in fields that can provide greater profits, so we Everyone must be clever in seeking profits, even though the risk of investing is greater than saving, the results we get from investing are sometimes beyond our predictions.

If someone is in business, they definitely have savings, but 70 or 80 percent of it is diverted to business. It is much better for the money we have to invest than to save. It is better to grow or develop our money than just in the bank.

In my opinion, investment is the same as doing business, even though investment and business both have very big risks and if they are successful then the profits are extraordinary, usually someone has to be patient in managing these two things if they want to be successful. in the future.

[OgNasty]

Obviously investing > saving for many reasons, the biggest being inflation.  I do think that saving money is important for life's emergencies that may arise, but if you're trying to maximize your finances, investing is a must.  I prefer to invest in companies that have a long history of paying dividends and increasing the amount of dividends they pay.  That way you don't have to worry about buying and selling, choosing to just hold and collect cash instead.  One such company that is being passed around as a buy currently is Altria, that has been beaten down by anti-smoking concerns and currently pays nearly a 10% dividend.

[stomachgrowls]

Obviously investing > saving for many reasons, the biggest being inflation.  I do think that saving money is important for life's emergencies that may arise, but if you're trying to maximize your finances, investing is a must.  I prefer to invest in companies that have a long history of paying dividends and increasing the amount of dividends they pay.  That way you don't have to worry about buying and selling, choosing to just hold and collect cash instead.  One such company that is being passed around as a buy currently is Altria, that has been beaten down by anti-smoking concerns and currently pays nearly a 10% dividend.

Keeping your money in bank doesnt really basically or automatically means that you are already safe from inflation. Here in our country it does have that at least -2% on every year.
If you do keep on holding your money or saving it up then instead on having that steady or earning you would rather be losing money instead. If you are a wise person whose really that
mindful about those things then for sure you would really be knowing about those basic stuffs. Instead on saving up your fiat then it would be wise that you should really be making out investment
or business on which you could really be able to make yourself having those potential additional income stream.

You wont really be putting up yourself on such worry if you do already comes or reach into a point that you have multiple income source.
You do have in mind that you can fight off inflation with that since you are financially capable already or able to patch it up.

[invo]

If we want to earn income many times over, of course investment is our choice. If they are already playing in the business world, they don't have any assets to save in the form of savings. On average, they invest in fields that can provide greater profits, so we Everyone must be clever in seeking profits, even though the risk of investing is greater than saving, the results we get from investing are sometimes beyond our predictions.

If someone is in business, they definitely have savings, but 70 or 80 percent of it is diverted to business. It is much better for the money we have to invest than to save. It is better to grow or develop our money than just in the bank.

In my opinion, investment is the same as doing business, even though investment and business both have very big risks and if they are successful then the profits are extraordinary, usually someone has to be patient in managing these two things if they want to be successful. in the future.

That's what other people find it hard to understand. Investing your money is a much more profitable approach than simply saving it. Money should be utilized to generate more money, rather than simply being stored away for years without any growth. Failing to make use of your money means you're missing out on potential earnings.

[Richbased]

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.

I believe that if not for inflation, saving money isn't a bad idea at all because one can actually save up enough money to make investments and most times, owning an investment requires huge amount of money though investments like Bitcoin where one can start with any little amount and use the DCA to accumulate from time to time until the investment is ripe for huge profits is a very good investment almost same with saving money but the only difference is that the value of Bitcoin one has increases as it's price skyrockets so definitely such investment is affordable and it's preferable unlike saving money in the bank that one can easily get access to and the amount one saves would even reduce due to some bank maintenance charges and all that but regardless of inflation, saving is also good if one can be disciplined enough not to tamper with his savings till it is matured for you to use and start up an investment that would stand for a very long time.

[iamsange]

That's what other people find it hard to understand. Investing your money is a much more profitable approach than simply saving it. Money should be utilized to generate more money, rather than simply being stored away for years without any growth. Failing to make use of your money means you're missing out on potential earnings.

I think what you say is quite true because money will never increase if it is only saved and can even potentially decrease if the owner does not get other money to use and spend it on a daily basis. So the need to use money into business and investment is something that is indeed worth doing in order to be able to increase income in other forms of money so that we can become rich over time if we can continue to be profitable through business and investment that we do ourselves with the money we have.

[livingfree]

That's what other people find it hard to understand. Investing your money is a much more profitable approach than simply saving it. Money should be utilized to generate more money, rather than simply being stored away for years without any growth. Failing to make use of your money means you're missing out on potential earnings.

It is going to grow in itself if we invest it to a known investment that we are aware of that will generate us money. But here's the thing, people who are saving probably have thought of investing it.

As with all of these people sharing their stories online, I've come to notice that not everyone can afford to invest. And with that, they are only saving their money so that there's something that they can pull off in times of needs.

For that reason, they can't risk. But I am sure that if they try it a little by little, they'll eventually get to see that they're able to take risk soon but they don't have to force it on themselves.

[Miles2006]

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.

Your not wrong but it depends which way and how long will the person invest, let's not just view our investment as money supplier every year or something else. Everyone have their different reasons for investing and some might have another reason for saving their money using fiat currency, in what ways investing should be more preferable compared to saving. You can mention so many investment like gold, bitcoin etc but some investment might not serve as profit due to lack of understanding as an investor, what I'm trying to say is knowing the kind of investment and understanding the terms before investing is the best.
Let's not forget investing requires money and sometimes you need to exhibit the habit of patient or else you can't invest for long.

[Inwestour]

Therefore, it is important to learn about investment so that you can determine which investments are good and bad, because if you invest without knowledge it's the same lie just wasting money whether you invest online or offline it's the same thing, it requires good knowledge to be able to generate profits, and also need to know that profitable investments usually require a long period of time, and many of us are impatient in running it so that some stop in the middle of the road, that's because there is no good consistent.

but what must be considered before making an investment is that it must have an emergency fund, because the investment made must be good not to be disturbed by something unexpected such as an accident that requires medical expenses to be able to overcome. it by having an emergency fund one of the goals is that, to overcome the occurrence. of something unexpected,  because if there is no emergency fund it could be that the investment made could be disrupted but maybe it will not generate profits, instead what might happen is a loss.

Simply saving means allowing inflation to reduce the value of your savings, so it's worth investing your savings to make them work and make a profit. It seems simple and understandable for everyone, but statistics show that not many people do it.

Most often, people stop at the saving stage, even having some savings, a person already feels calmer, and they don’t think about inflation, although everyone feels its impact. Investments require experience, even more than knowledge, the hardest thing is to start doing something, it is difficult because there is a risk of losing savings, so most people choose to simply do nothing.

[AicecreaME]

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 are lifesavers.

Though the only disadvantage I could see if the majority of a certain individual is pure savings, it doesn't generate any profit, it's just there sleeping, waiting for you to spend on anything. On the other hand, investing is an active way of generating profits, depending on what kind of investment you're going to do.

For example, you're going to start a business, which most likely is not going to be good in the beginning since you have to get your daily customer first in order to generate profits and a chance to expand your business.

In short, saving is the comfort zone and risking your money in investment is a high risk high reward decision.

[junder]

Therefore, it is important to learn about investment so that you can determine which investments are good and bad, because if you invest without knowledge it's the same lie just wasting money whether you invest online or offline it's the same thing, it requires good knowledge to be able to generate profits, and also need to know that profitable investments usually require a long period of time, and many of us are impatient in running it so that some stop in the middle of the road, that's because there is no good consistent.

but what must be considered before making an investment is that it must have an emergency fund, because the investment made must be good not to be disturbed by something unexpected such as an accident that requires medical expenses to be able to overcome. it by having an emergency fund one of the goals is that, to overcome the occurrence. of something unexpected,  because if there is no emergency fund it could be that the investment made could be disrupted but maybe it will not generate profits, instead what might happen is a loss.

Simply saving means allowing inflation to reduce the value of your savings, so it's worth investing your savings to make them work and make a profit. It seems simple and understandable for everyone, but statistics show that not many people do it.

Most often, people stop at the saving stage, even having some savings, a person already feels calmer, and they don’t think about inflation, although everyone feels its impact. Investments require experience, even more than knowledge, the hardest thing is to start doing something, it is difficult because there is a risk of losing savings, so most people choose to simply do nothing.

It's true that it makes sense to invest the savings you have, but it can't be done carelessly. Of course, we have to be able to know what kind of investment can produce clear profits. We also have to be able to determine good investments so that there are no big losses. Investing offline or online requires good knowledge to be able to generate profits. Don't invest if you don't have the knowledge. which is good, because it could be the same as throwing away the money you have.

However, by saving, of course we don't need any knowledge, but what we have to pay attention to is being able to refrain from using our savings carelessly, because there are people who use their savings for things that are not very important. In my opinion, saving has no risk, unless it is lost due to a disaster such as someone stealing or something else. I also think having savings is important before investing, because we must have savings or emergency funds before investing, because there are investments that are disrupted by sudden needs such as having to pay for hospital treatment when an accident occurs, but by having savings or emergency funds the investment will not be disturbed.

[Chilwell]

Why we should patronize investment over savings is that investmet provides more profit than savings. Let's take for example you save money in bank for 3 years, instead of making profit your money would be gradually deducted bit by bit for maintenance,  transfer or SMS fee. But in investment like Bitcoin, volatility in Bitcoin will make it to increase, except the volatility is a negative volatile instead of positive volatility.

Investing means growing our money but some people prefer to save their money because they are uncertain about what kind of investment they will choose. Lack of investment knowledge would somehow affect their mindset and fuel their fear which I think was a good decision rather than losing our money. Investing should not be taken too easily as it gives a huge responsibility to the investor. Let us just do this if we think we can do it well but never try if doubts are in your mind.

Is good we run away for doubt of our mind, doubt comes when we don't have confidence in what we want to do. When we talk about savings and investment this are actually two different things, I don't blame anyone that run away from investing, it could be either the money they have can not sustain them in taken care of their need or fear of losing everything, the both have an advantage and the disadvantages,

Saving is good but it will be eat up by inflation especially now if assumed I saved one million Naira in last five month by now it have been useless because of inflation, the only advantage I noticed with savings is the entire money will remain in it quantity but reduce in value due to high cost of commodities.

Investment is also a good one because when we invest our money it give us more security in times of spending, it helps in controlling our spending and always add value to the money we invested with, to my understanding investing is high in risk than saving but enjoyable when it work out.

[invo]

That's what other people find it hard to understand. Investing your money is a much more profitable approach than simply saving it. Money should be utilized to generate more money, rather than simply being stored away for years without any growth. Failing to make use of your money means you're missing out on potential earnings.

It is going to grow in itself if we invest it to a known investment that we are aware of that will generate us money. But here's the thing, people who are saving probably have thought of investing it.

Let us correct that kind of mindset, Investing doesn't work like a magic wand that generates money instantly. Even if you invest in a popular asset, you still need to have a good understanding of the investment and the necessary actions to take in case of unexpected scenarios. It's crucial to educate ourselves and make informed decisions when it comes to investing.

[uneng]

Let us correct that kind of mindset, Investing doesn't work like a magic wand that generates money instantly. Even if you invest in a popular asset, you still need to have a good understanding of the investment and the necessary actions to take in case of unexpected scenarios. It's crucial to educate ourselves and make informed decisions when it comes to investing.

Moreover, patience is very important when starting an investment, because as you said, it doesn't bear fruits instantly. Sometimes you have to wait long periods of time until your investments start generating profits, and to give up on the middle of this process can be a very bad idea which will have as consequences unrecoverable losses which could be simply avoided if the investor were patient and kept his assets or investments untouched for longer.

Nowadays people are too impulsive and immediatist that they want everything for "yesterday". And when things start getting too long to happen, they become desperate and start looking for solutions on the present moment, when there isn't any. I believe part of this mindset is due to people listening to virtual coaches who promise instant profitability and easy life without efforts and sacrifices. They completely adopt the illusions promoted by coaches for their own lives, expecting those illusory scenarios to happen on their realities as well, so they close their eyes for the potential adversities which may also happen. They don't weight pros and cons. Instead, they focus only on pros, because they are told by coaches to think positively in every scenarios.

In the end, they aren't taught how to deal with unexpected challenges, so once they face them, they simply don't know how to act properly, resulting in impactful mistakes which totally compromises the investments. If patience were a cultivated trait, though, things could be different...

[Mame89]

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.

In this era of globalization, investing in bitcoin, land and gold is no longer something new in our lives. In short, investment is an activity to seek financial freedom in the future. As you have explained, saving is not the right choice, apart from not producing profits, our savings actually experience inflation. So by investing, basically we will get the benefits after a certain period of time. So we should leave behind a wasteful and consumptive lifestyle, and start investing early for future financial freedom.

Because when we invest, we will definitely increase the value of assets and also the value of wealth. The assets we set aside as investments will of course continue to increase and become more numerous. When our assets increase, our wealth will also increase. Investment is an activity that is suitable to be done as early as possible. So, it's absolutely true as you said, starting to invest little by little will increase our wealth in the future.

[CageMabok]

Let us correct that kind of mindset, Investing doesn't work like a magic wand that generates money instantly. Even if you invest in a popular asset, you still need to have a good understanding of the investment and the necessary actions to take in case of unexpected scenarios. It's crucial to educate ourselves and make informed decisions when it comes to investing.

The shape of each person's mindset in terms of investment and in terms of hoping to make a profit is different, but when it comes to investing in Bitcoin or other cryptocurrencies you must have a fairly wise mindset, such as not immediately expecting profits to come instantly. Because market conditions don't always work well enough, so in certain conditions everyone must be able to understand that we need to survive when conditions are bad and not panic when we see the price of the assets we invest in not moving well enough in a certain time.