Saving don't make wealth

[Bravut]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

[1714944077]

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[1714944077]

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[jrrsparkles]

  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

So you consider holding Bitcoin as saving and want to invest the profits from Bitcoin into something else?

Saving is what you save in the fiat like you save $100 a month in your bank account and not utilizing the money on something else will make you poor because the value of fiat depreciates due to inflation and the actual purchasing power of $100 may worth $90 in the one-year time frame if the inflation rate hits 10%.

Bitcoin also comes under investment cause its value is volatile and I don't deny that you could invest the profits into something else because 'don't put all your eggs in one basket' rule can be applied to minimize the loss.

[SamReomo]

Investment is really important in order to get wealthy but it's not right to say that saving makes people poor. In fact saving is the first stage of investing, if you don't save money then how could you invest it? I believe saving and investing work simultaneously.

If someone who's good at saving then that person can invest some money in Bitcoin and a few other assets in order to earn revenue when the Bitcoin or those other assets gain value. By following a DCA strategy, and holding your Bitcoin, you can gain profits and that's similar to saving, I guess DCAing and holding is similar to saving.

[GideonGono]

  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

So you consider holding Bitcoin as saving and want to invest the profits from Bitcoin into something else?

Saving is what you save in the fiat like you save $100 a month in your bank account and not utilizing the money on something else will make you poor because the value of fiat depreciates due to inflation and the actual purchasing power of $100 may worth $90 in the one-year time frame if the inflation rate hits 10%.

Bitcoin also comes under investment cause its value is volatile and I don't deny that you could invest the profits into something else because 'don't put all your eggs in one basket' rule can be applied to minimize the loss.

If you would just let your money sleep by saving it, why not let it grow by investing it?
Most of us see Bitcoin or crypto as an investment so if you are saving your money in Bitcoin, it would basically be seen as an investment for most of us.
And I do agree that no matter how many Bitcoin, crypto or assets you have if you misuse it, it would all just be drained.
We've seen so many successful person or wealthy person in the past who are now broke due to their lack of fund management.
Misuse of their wealth by spending too much on luxury items, drugs or vices, gambling and other forms of addiction.

[Wiwo]

I think what we need is value, because alot of time many investors don't even know the value of the money when their financially make that profits they desires, because majority of them will waste the money in buying liability instead of acquiring more assets, so the question is not wether savings is good or bad, but it matter of where and how we save

Take bitcoin as you mentioned for example, anyone who holds bitcoin is saving their money and at the same time being involved in investment and that way, what the individual does with that funds is what becomes most important, but also savings in asset is what is worth the stress, aside that, keeping your money on the bank as saving is the dumbest thing anyone can do at this era and time that alot have changed.

[KingsDen]

Gone are the days I talk down on savings. There's no sure way of being wealthy while there are some leathers towards greatness and one of them is saving.

• Saving 20% of your income 
• Investing 
• Using the DCA method

Are all processes and tools to achieving financial breakthrough. So we shouldn't ignore them or down talk one at the favour of the other. The day I listened to a seminar about saving, I had a second thought about my idea of savings.

In as much as investment is important, savings are also important. The portion of money you save could just be out of risk and a cool advantage

[johnsaributua]

I appreciate people who can save because they spend what they get to save over a period of time that may lead to an unlimited future, saving is a trait that must be possessed to be wise in managing finances. But if the person is aware of investment, choosing instruments such as bitcoi or other assets is better, for me separate the habit of saving with daily needs, of course it will consider the funds in its function, because even though it is simple there are people who put together for investment and when they need it will take all until there is nothing left. this is not a big problem, just the stance when saving and investing.

[franky1]

savings is not about wealth creation...

savings is a temporary act to save a small nest egg of easy access/liquid RESCUE money for immediate incidents that surprise you, to stop you from panicking. it stops you from immediately cashing out investments at a bad time(bears) or using debt/loans when surprise events happen

you are only suppose to save small amounts like 1-6 month basic living costs. that will affect you that month
worse case is usually unemployment or a large repair.. but even just having savings of just a kitchen appliance failure is a starting point
alot of people think of silly things like a tornado wiping whole house away or a medical bill.. but these things do not demand full payment in first month. usually you have insurance or make a payment plan, so the initial shock value is actually smaller..
basically savings do not ever need to be enough for an entire house or entire lifetime of medical expense. its just a few months of shock value immediate need you need a savings pot for

then once you have that to be your buffer/stop-gap/rescue amount.. then you start putting your excess into into investments.
this way you are protecting your investments from needing to be touched by having the emergency funds(savings)

[Dr.Osh]

That's why it's very important to have good management of our finances. Saving will not make us rich, but it is important. Investing without saving will make us difficult when we have sudden needs. Many people underestimate saving, but they have to sell their investment assets reluctantly, and sometimes at low prices to meet the sudden needs they face.

For this reason, many people have suggestions for putting some of your income into savings. Even though it's only around 20% to 30% of your income, it can be useful for you in the future. maybe you can use 40% to 50% of your income to invest, and the rest to meet your living needs.

[shinratensei_]

saving can make you at least wealthy enough to hoard some asset if you have high income thats the key, with saving you don't generate money from your saving you are just allocating certain percentage of your salary to build up an asset enough to buy something you desire and if the something you desire is an asset on its own that means you're building wealth.
investing in the other hand is generating money from your saved money basically the saying making money working for you is investing, but the risk accompanied shouldn't be ignored since investing mean you could also lost your money so the key here is risking your money to make more money.

of course if you really want to build wealth fast you should be doing both things saving up some money from your salary and use it to invest, thats the key to building wealth if you are average people with jobs.
if you are on the entrepreneurial side, of course you wanna reinvest the profit you get to your business to make it generate even bigger profit.

[BD Technical]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

If you save, you can make the relationship right, your wealth will definitely be, and if you save, if you start breaking money, how will your wealth be?  To save you must have good income you need to save your savings will increase your wealth.  If you save, you are twice as likely to make a profit if you buy bitcoins as if you invested.  That is how quickly your property and if you understand that your relationship income will increase everything and if you just take money and leave it in the room or your personal no benefit will come to you it will be too late to save or make your wealth.

[Churchillvv]

Firstly Bitcoin is also an investment but you could say if one has alot of profit from Bitcoin he or she could diversify but this rule only applies of only one has enough Bitcoin already in his portfolio before he or she could think of diversification.

Now there are various factors that could determine ones success so it's not only about savings, personally I believe what people call savings that might save you tomorrow is the emergency funds that we all know that it should be one of the first things to put into consideration before venturing into an investment and if your emergency funds or reserve funds is okay enough then you have no problem because it could save you from unforseen circumstances.

Lack of understanding of Investment makes most people make alot of wrong decision Investment. 

[boty]

That's why it's very important to have good management of our finances. Saving will not make us rich, but it is important. Investing without saving will make us difficult when we have sudden needs. Many people underestimate saving, but they have to sell their investment assets reluctantly, and sometimes at low prices to meet the sudden needs they face.

For this reason, many people have suggestions for putting some of your income into savings. Even though it's only around 20% to 30% of your income, it can be useful for you in the future. maybe you can use 40% to 50% of your income to invest, and the rest to meet your living needs.

When someone can manage the income they have well of course they will be able to have funds that they are prepared to save and also invest. You are right that it is impossible to be able to carry out investments well if we don't have savings, because it could be when we are investing, we will have financial problems so we have to take the investment and cannot achieve the target we have set.

If we can do things as you have described, of course we will be able to achieve the investment targets we make and we will be able to enjoy the results of what we have invested, so it is very important to have savings so that we can carry out investments well. and can achieve the investment targets that we make.

[mamesso]

Actually saving and investing have the same goal, but they are distinguished by different concepts and play an important role in achieving a level of financial freedom within a certain time.

As Ben Franklin saying goes "A penny saved is a penny earned." Yes, no one can get rich just by saving, people who only focus on saving will miss the opportunity to grow their wealth. One of the advantages of saving is that it makes it easier to get money in an emergency and the goal is for the short term, but it will reduce purchasing power due to price increases due to inflation. Meanwhile, investing makes it possible to increase purchasing power to offset or even exceed inflation.

[sekalitas]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

I agree! Investing can be a powerful tool for wealth creation, and diversification is key.  While cryptocurrency offers opportunities, exploring other investment fields is wise.  However, it's crucial to tailor your investment strategy to your goals, considering factors like short-term vs. long-term objectives.

I believe saving is still important , especially for an emergency fund only . Imagine facing an unexpected financial crisis and needing money. Without an emergency fund, you might be forced to sell your crypto assets. But what if the price is lower than when you bought them? You'd lose money, right? .

[mindrust]

Saving creates wealth. You are pretty wrong on this one. The thing is, you should invest in the right assets. By “saving money” we don’t mean “saving FIAT”. Of course you should always have some FIAT to pay your bills and do your groceries but that’s it. Everything else should either go to crypto/gold or stocks/real estate. If you really insist on investing in FIAT at least buy some high yield bonds so it won’t be a complete waste. Keeping FIAT without having any returns on it is the worst investment of the century and the best way to stay poor.

[2Pizza410000BTC]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

I don't see saving as a bad thing if you can save then surely you will go well in future but if saving is in good things then you can achieve good things in life. There are many people in their country with money, I never call it bad because if we save, our future will be beautiful. We who are involved in bitcoin, but instead of saving, we are investing in bitcoin. The main attraction of our investment is that our next life is happy and peaceful. Just as we have a bright future those who don't know about Bitcoin have a bright future ahead of them so it's better to invest and save anyway. But if you go with bitcoin investment you can earn more profit on any savings and with luck all the tension of life will be removed.

[Poker Player]

To the OP there are some things he says that are not understood but I will not blame him because he is a newbie.

It seems to me that he has an important confusion. First, saving is the previous step to investing. In other words, one thing should not be opposed to the other. And secondly, we have already explained many times that the best thing to do is to have a part of savings, for emergencies or expenses that you foresee, and then investments. In other words, the dichotomy he puts forward is false.

[Jawhead999]

To build wealth, you need to invest, you can't invest if you not save your money, you don't have savings if you don't have a job that pays well or you're too lavish.

It means in order to build wealth, make sure you have a good job first and you're not adopt lavish lifestyle.

The problem of many people why they can't build their wealth are they don't have a good job or they're adopt lavish lifestyle, so you can't blame them if they're an unfortunate people who only make small amount incomes.

[|MINER|]

Better to invest.When investing, the amount of money keeps growing without a fixed amount.But should save.Saving and investment should be done together.After investing the profit part should be saved.If all the money is used for investment, then where will we get the money that needs to be used very quickly in a sudden emergency?  And not all money to invest in Bitcoin.  You can invest in other mediums or businesses that are trustworthy.Where you invest your money is entirely up to your personal preference.

[Mrbluntzy]

There are usually different aims and objectives towards every savings plans of an individual. Most people are not saving for wealth creation, some are only saving for the rainy days which means difficult times. Sometimes you can have a goal of investing into an asset but you don't have enough money to do so and you have to start a saving plans towards that goal. That's what some people are doing, they will have to continue saving up some money for more than two months until they have reached the actual capital needed  to for their investment. People don't keep bulk of money without having any aim towards the money.

[Sophokles]

The word saving tells the nature of it. Saving your wealth means you are saving it not only from decreasing but also increasing. It will keep your wealth from making any profits so investing is the best use of wealth. Many people think by making any investment they will take loss when there is various option for investment that has minimum chances for loss.

[$anounimus$]

There are usually different aims and objectives towards every savings plans of an individual. Most people are not saving for wealth creation, some are only saving for the rainy days which means difficult times. Sometimes you can have a goal of investing into an asset but you don't have enough money to do so and you have to start a saving plans towards that goal. That's what some people are doing, they will have to continue saving up some money for more than two months until they have reached the actual capital needed  to for their investment. People don't keep bulk of money without having any aim towards the money.

Some people certainly have their own concept of managing their finances. Saving is also one part of maintaining the foundation of the economy to become stronger. Everyone sometimes starts to save to prepare for investments in the future. I agree with your thoughts that sometimes everyone doesn't have enough money to be able to do something but they will always be able to save their finances for something anyway.

[PytagoraZ]

I think that only applies if you are saving fiat money. Unconsciously we will lose because the inflation rate is higher than bank interest, unless you have large savings, but if the savings are only small then I agree with you

But the situation will be different if you save bitcoin, your money will increase faster even than the value of any existing investment. Especially if you get an ATH moment like now, it will definitely be very profitable. And if you have bitcoin, it will be safer to keep it in your wallet without needing to invest it anywhere because that will only increase the risk.

[Egii Nna]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

The main concept that I think you don’t understand is that for everything you want to do in this life, you need a backup plan so that you will be ready for any unexpected thing to happen. You will always have a solution when you encounter a situation. Why I said that saving is like a backup plan for your investment is that most of the time we do have emergencies and other unexpected issues that require money, and if you don’t have any plan against it, you will definitely temper your investment, and that will not help you but only crash down all your efforts that you have made so far for your investment, and you will just end up bankrupt and left with nothing. 
 
That is why most of the time I do emphasise that when ever you want to be a wealthy man on this earth, you have to follow a neat strategy and know what exactly you are doing; if not, you might end up losing everything because this life is a game for the wise, which means a lot because if not for the wise, you won’t even know the right time to do the right thing. Moreover, if you really want to be that wealthy, you will most likely adapt to any situation that comes up. That is why it is very hard for someone who is not smart to be wealthy, because if you are not smart, you will find it hard to succeed in life.

[bitLeap]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.

Saving and investing are both good, because the bad ones are those who don't save and don't invest. So there are some people who have their own concept of accumulating wealth. Although in terms of saving, especially savings in fiat, it will only lose value day by day, while investments whether in real estate, bitcoin, gold, etc., have a reversal in profits that can be clearly seen. In essence, I will not harshly criticize those who are only able to save because we do not intervene in their financial management. It is better to let the process bring them to the concept of wealth according to the level of ability they can achieve.

[Sarah_Jannat42]

Indeed, saving does not create wealth but saving should not be avoided altogether as it may be your shield in times of trouble in the future. But if we invest all our income without saving anything and if we can profit from it then there is no point; if we can't make a profit or lose then it is wasted. It does not mean that you will invest all the assets or all the income but you will just save all the income or assets. By that, I mean that you should divide the portion of your income so that you invest most of it and save a small portion for the future. Savings will not make us rich but it can give us financial security in the future.

[0t3p0t]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Savings in fiat won't make your money grow but saving Bitcoin does. This is due to the fact that fiat is a stable currency while Bitcoin is a volatile asset though risky but still has huge potential to give decent profit from our holdings. But this still depends on how we manage our investments because we can choose from variety of assets we know around either centralized stable assets or decentralized volatile assets.

[letteredhub]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 

Op just a few questions:
Can you comfortably keep to an investment plan without a savings?

Isn't savings that starting point to becoming an investor? Because in my opinion, if you don't have a good saving culture you can't make a successful investment plan and keep to it.

[cakravothy]

clearly saving money will not make you rich. your money that you save in the bank will decrease in purchasing power due to inflation. because bank rates are always below inflation. so your money is not an asset but will experience a decrease in purchasing power.

[DeathAngel]

Saving fiat in regular checking accounts will never build wealth. It’s difficult to find a savings account that even matches inflation. The way to build wealth is to invest in real estate, stocks, cryptocurrency. Nobody gets rich simply saving. You have to invest in assets that increase in value over time. If you’re not even beating inflation then you are unknowingly getting poorer.

[kentrolla]

Saving fiat in regular checking accounts will never build wealth. It’s difficult to find a savings account that even matches inflation. The way to build wealth is to invest in real estate, stocks, cryptocurrency. Nobody gets rich simply saving. You have to invest in assets that increase in value over time. If you’re not even beating inflation then you are unknowingly getting poorer.

I second your thought because saving with Fiat will never make you wealth as the bank interest rate hardly covers inflation to be honest you have a look around those who have built wealth it's not through saving it's rather through investment and like you mentioned stocks, cryptocurrency and real estate are three of the most prefered investment as these assets yield more profit with time. It's better if people realizes this at the earliest especially those who don't want to risk money in investment but end up having their savings devalued.

[hyudien]

That's why it's very important to have good management of our finances. Saving will not make us rich, but it is important. Investing without saving will make us difficult when we have sudden needs. Many people underestimate saving, but they have to sell their investment assets reluctantly, and sometimes at low prices to meet the sudden needs they face.

For this reason, many people have suggestions for putting some of your income into savings. Even though it's only around 20% to 30% of your income, it can be useful for you in the future. maybe you can use 40% to 50% of your income to invest, and the rest to meet your living needs.

I agree with you, saving money will not make you rich, sometimes people save when they want to buy something and when they have enough savings they will stop saving, I don't think saving money is bad. Saving is a good thing in money management, and I'm sure not everyone can save consistently. Most people don't think about saving when they have money, they only think about buying what they want according to the money they have.

It's true what you said, investing without saving will make it difficult for us, at some point if there is something that happens or a sudden event, of course it will cost money to overcome it. And if you don't have savings, maybe your investment will be the victim. Of course that should not happen, therefore we must have savings not only to maintain the investment made, because of course there are other needs later that will also occur. In my opinion, setting aside part of the income earned for savings is good, regardless of the percentage but it is worth doing.

[lovesmayfamilis]

I would recommend a book for the OP topic called “The Richest Man in Babylon.” I gave this book to my little son to read, and it is even more recommended for adults. The first thing that is important in your savings is that you always need to pay yourself from your very first salary. Leave some. Regularly, this might be called DCA now, but it has been recommended for many years. And only after that should you make this money bring you passive income, which will essentially work for your business again and again.
Any money should not just lie there; only then will your savings make sense.

[kryptqnick]

I think that saving and investing do not necessarily need to be presented as opposites. I'll tell you a couple of examples.
When I was young, my grandmother was saving a bit of money on a regular basis, but she was doing it in the USD rather than in local fiat. When a major political disturbance came and local fiat depreciated by around 30%, her USD savings turned out to also be a successful investment because she didn't just save up money but actually got profit due to local fiat devaluation.
Another case is how I personally approach Bitcoin. I treat it as a savings account because it's more reliable than fiat (as fiat loses value over time). I take some money out when I need to, but generally, I'm trying to save up in BTC. Meanwhile, BTC is growing in the long run, so it also kind of becomes an investment.

[AbuBhakar]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.

This is ridiculous. You are only looking to the condition which a person earn small amount of money that’s why saving doesn’t make any change since the amount you earn in general will not gonna make you wealthy. But what if the person in subject here has a huge salary but failed to be wealthy because his expenses is too much on unnecessary things without any savings?

This time savings is very effective to become wealthy. In fact there’s no guarantee either that you will become wealthy on investment. Surely it will give you a chance but that is not guaranteed because there’s still lose in investing while savings doesn’t have any risk.

[AnonBitCoiner]

clearly saving money will not make you rich. your money that you save in the bank will decrease in purchasing power due to inflation. because bank rates are always below inflation. so your money is not an asset but will experience a decrease in purchasing power.

Saving will not increase in worth but saving is important in order to cope up with inflation. Something is better than nothing so i think saving little money is better than spending whole money in useless things.

If someone is not consider saving as a good technique then he can use this saving amount for investment but in investment you will have fear about dropping of money. To become rich is only possible through investment so take the risk if you want to become rich and leave the upcoming results on the situations of market and for such purpose bitcoin investment is suitable option.

[Bravut]

To the OP there are some things he says that are not understood but I will not blame him because he is a newbie.

It seems to me that he has an important confusion. First, saving is the previous step to investing. In other words, one thing should not be opposed to the other. And secondly, we have already explained many times that the best thing to do is to have a part of savings, for emergencies or expenses that you foresee, and then investments. In other words, the dichotomy he puts forward is false.

 Am happy you understand what I mean, am laying emphasis on investing mainly, am not saying one shouldn't save but we invest either our profits or your savings.
 And most importantly the rarest truth saving wouldn't make one wealthy. So am not confuse.

[ringgo96]

To the OP there are some things he says that are not understood but I will not blame him because he is a newbie.

It seems to me that he has an important confusion. First, saving is the previous step to investing. In other words, one thing should not be opposed to the other. And secondly, we have already explained many times that the best thing to do is to have a part of savings, for emergencies or expenses that you foresee, and then investments. In other words, the dichotomy he puts forward is false.

 Am happy you understand what I mean, am laying emphasis on investing mainly, am not saying one shouldn't save but we invest either our profits or your savings.
 And most importantly the rarest truth saving wouldn't make one wealthy. So am not confuse.

if people do business they prioritize investing compared to saving, because investing is much more beautiful for getting profits and we can always multiply the assets we have, but to save we only save assets and cannot multiply like in investing, for me investing much better than saving, although currently there are still many people who rely more on saving because there is no risk of loss.

[Kelward]

Savings and investments are both important, and in my own understanding they're supposed to play different roles in a person's income, what is not good economically is spending all your income as they enter. The best thing is for a person to have a budget and determine what goes where, how many percentage for investment, savings and basic expenditures, with this maths the person will not spend on unbudgeted items , except in an emergency.

After you remove money for basic expenses for the month or week, I think you should divide the rest, save %30 in fiat and invest the rest%70. The savings incase urgent expenses arises, so you won't be running around looking for where to borrow, then investment to secure your future. One of the best investments that anybody can have in this age is Bitcoin, you can be doing DCA method to accumulate and hodle on the long term, it's a profitable asset that will keep increasing in value.

[iBaba]

Savings and investments are both important, and in my own understanding they're supposed to play different roles in a person's income, what is not good economically is spending all your income as they enter. The best thing is for a person to have a budget and determine what goes where, how many percentage for investment, savings and basic expenditures, with this maths the person will not spend on unbudgeted items , except in an emergency.

I know that managing our outflows and inflows, as well as controlling our budget expenditures with our income, will greatly benefit our financial capacities and life as an entirety . However, personally, I feel that it’s one of the most difficult tasks to undertake. It’s not easy, especially if you live in a country where you face numerous unforeseen circumstances, and the money you earn barely covers your needs, let alone your desires.

For example, many of us earn five, six, or even seven-figure incomes, yet we often find ourselves spending almost all of it. This happens because we’re constantly confronted with various challenges in our society, such as inflation, insecurity, an unstable market, economic downturns, and numerous human and environmental factors.

But Just as a farmer diligently tends to different crops in the field to ensure a successful harvest, individuals should nurture their finances through saving and investment. Savings can be likened to the soil, providing security and a foundation for growth, while investments are the seedlings that hold the potential for maximum growth. On the other hand, expenditures act as parasites when not managed properly, affecting both savings and investments.

As financial managers or individuals seeking to navigate today’s economic reality, we must adopt the mindset of a farmer protecting their seeds, taking all necessary measures to prevent parasites from infesting them.

[Solosanz]

if people do business they prioritize investing compared to saving, because investing is much more beautiful for getting profits and we can always multiply the assets we have, but to save we only save assets and cannot multiply like in investing, for me investing much better than saving, although currently there are still many people who rely more on saving because there is no risk of loss.

Nope, the reality most people are choose investments over savings, you will argue with me if most people store their money in banks. That's correct people store their money in banks, but they're choose time deposit instead of save in their accounts, time deposit is an investment.

But, unfortunately they're wrong to choose time deposit as their investment because it's not able to beat inflation rates.

[bestcoins1]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.

It would also be more accurate to say that save and invest for tomorrow so you can get more interesting things in life. Because when someone has the intention to invest but he himself still doesn't have the capital to buy an asset like Bitcoin, isn't the step he has to take first is to save so he can have the capital to buy Bitcoin and take it into future investments?

You also have to be able to understand this, that every asset that is truly valuable and also truly expensive, such as Bitcoin, will not be able to be obtained in large quantities if someone does not have the initial capital. So saving and investing actually have to be carried out simultaneously so that what we want can be achieved, although not in an easier way. Because everything we want to achieve in life always requires a process that everyone must go through without discrimination.

[YOSHIE]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.

Even the methods and words are not the same, saving and wealth, these two factors are basically different, Of course, it is very clear that saving does not bring wealth because the value of assets does not increase, because it is a saving that is based on a portion of income.

Talking about investment, of course we all know, the nature of investment can boost or add to the value of the investment assets we make, whether in terms of crypto, gold, land and so on, it can be short or long term, in this case of course investing can add wealth while saving does not, the value we save remains the same, my understanding is that saving is more based on collecting funds for emergencies, which can be taken and used at any time, not to create wealth.

[Z390]

Can you leave savings out and as a grow up child you start with investment? Because I do believe that savings is the first investment that every child must go through, if you can't save consistently, it's will be very hard for you to invest, savings takes some nerve and investment is even harder, because takes a long period of time, if the person isn't disciplined they will fail on the half way.

Savings isn't as bad like some are saying, things have changes I know that, but my parents have used savings to acquire some properties in their time, there isn't something they can invest money on then, than buying lands and gold, they use savings to get everything they had.

Savings is the first process, the second is you been able to take your eyes off your money for years to se your money turn into double or more, many people find this hard to do, that's why they can't turn anything around, you will seeing them blaming the rich and they don't have the same balls as the rich. 

[Ricardo11]

In fact there are people who cannot exploit savings. They always only store in a box or to themselves, in it their savings never grow, they only have what they save and they never get much out of it, instead they end up losing more because The value of money decreases with time. It is better to invest for long term rather than saving, because everyone usually saves for long term, and we know that every investment gives us more profit if it is for long term. Now if they are addicted to long term investment instead of long term saving then they can achieve much better in future. Moreover, now that the price of Bitcoin is increasing a lot, they should buy Bitcoin and hold long-term bitcoins as they will get much higher returns in the future.

[bittraffic]

In fact there are people who cannot exploit savings. They always only store in a box or to themselves, in it their savings never grow, they only have what they save and they never get much out of it, instead they end up losing more because The value of money decreases with time. It is better to invest for long term rather than saving, because everyone usually saves for long term, and we know that every investment gives us more profit if it is for long term. Now if they are addicted to long term investment instead of long term saving then they can achieve much better in future. Moreover, now that the price of Bitcoin is increasing a lot, they should buy Bitcoin and hold long-term bitcoins as they will get much higher returns in the future.

People are just saving and some are afraid to invest because of scam. Too paranoid to learn it all and after all, most news about crypto are scams. The news is often going to exaggerate how bad the scam is when in fact it had happened before and was even worse so people although they know BTC is real not a scam, still are skeptical about investing because the platform may be a scam.

The only option left is just to keep the cash after all. Cash is king. Its still accepted everywhere.

[Chilwell]

if people do business they prioritize investing compared to saving, because investing is much more beautiful for getting profits and we can always multiply the assets we have, but to save we only save assets and cannot multiply like in investing, for me investing much better than saving, although currently there are still many people who rely more on saving because there is no risk of loss.

Nope, the reality most people are choose investments over savings, you will argue with me if most people store their money in banks. That's correct people store their money in banks, but they're choose time deposit instead of save in their accounts, time deposit is an investment.

But, unfortunately they're wrong to choose time deposit as their investment because it's not able to beat inflation rates.

I quite agree with you, time deposit doesn't beat inflation rate because the money saved will not increased but lose more value. I think savings in more important for people that are earning on a daily bases, and again time deposit is not made for poor people, investment is not made for everybody because not everyone can afford to take risk that why some people choose to go for time deposit because they believe they can't bear the risk if it losses value than to lost everything, this also depend on how the person make their money.

A family friend applied for a load which it was approved before the expected time and the purpose of the loan is to buy furniture and the date for the event was not close then they decided to go for the time deposit which I decided to kick against that but they didn't listen to me, but I didn't blame her because the origin of the money matters.

[traderethereum]

If they only save in the bank, it doesn't make a difference because now there are a lot of costs that have to be incurred so we should get interest from the savings instead we have to pay the costs. Apart from that, the interest is smaller than the costs so we will not get an increase in the amount of savings.
But if you choose to invest your money in gold or bitcoin (because we already know bitcoin), it can provide greater profits because there are no costs in storing bitcoin. When the price of bitcoin increases, our profits will increase when we sell the bitcoin at the highest price.
But there are still many people out there who don't believe in Bitcoin so they still make the wrong choice in choosing their investment. They need to learn more about investment so they can choose the right investment that is suitable for them and get the profits they want.

[m2017]

Invest because savings doesn't increase or builds

What if these savings are in the form of bitcoin? Then you will also say that "savings doesn't increase or builds"?

It all depends on what your savings are. If in traditional money, then it only depreciates.

investing is what gives you the life you want.

It seemed to me that a lot of money "gives you the life you want". Just investments allow to extend this life, allowing profits to outpace inflation (depreciation of a lot of money).

No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.

True, but first need to properly define the concepts of saving and investing, because these concepts can be combined.

[DanWalker]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Agree with OP that investing is more profitable than saving, saving only makes our money lose value over time. But investing doesn't just mean profits, it also comes with risks, and it gets riskier when you choose to invest in bitcoin. Have you thought what if you bought bitcoin for 70k 3 years ago and you need money in 2022 when bitcoin price drops 60-70% of its value? What would you do in that situation if you had no savings? Don't get too excited when the market is bullish and have the illusion that bitcoin will always bring profits without risk. It can be said that having an investment will give us the opportunity to change our lives, but never underestimate a savings account for emergencies.

[Yatsan]

Yes, but is for sure a tool. If you are just saving then at least it would be better than not having anything at all. What I meant with 'saving as a tool to achieve wealth' is to eventually use it to an investment. In investments, bigger capital would most likely result to bigger profit, but with bigger risk as well. Saving will never be a bad thing. Investments are indeed a good option to create bigger income or cashflow than with saving which is more stagnant and dependent with the amount you are keeping. However, not all investments are profitable, right? Risk will be the thing you would avoid and with savings, that would be self-discipline in accordance with consistency. Saving won't give you wealth in an instant, but it would be a huge thing to help you achieve wealth, no doubt.

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Agree with OP that investing is more profitable than saving, saving only makes our money lose value over time. But investing doesn't just mean profits, it also comes with risks, and it gets riskier when you choose to invest in bitcoin. Have you thought what if you bought bitcoin for 70k 3 years ago and you need money in 2022 when bitcoin price drops 60-70% of its value? What would you do in that situation if you had no savings? Don't get too excited when the market is bullish and have the illusion that bitcoin will always bring profits without risk. It can be said that having an investment will give us the opportunity to change our lives, but never underestimate a savings account for emergencies.

It just depend on one's risk appetite. Some peopl are better living with savings alone simply because they are afraid to take the risk. They're more into assurance with situations or times they will be needing the money they are saving than to risk making it double or just more with investment.

[Rruchi man]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.

We were usually advised to save money before because to invest then you had to have a good amount of money, and to get this money, you had to save up for it. Saving may not make sense now because there is the opportunity of investing from any amount you have.

So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure.

Carefully investing in other ventures and things is a good choice from the profit of investment made on cryptocurrency. Multiple investment mean multiple expected streams of income, and that is how wealth is made.

[harapan]

Investment is really important in order to get wealthy but it's not right to say that saving makes people poor. In fact saving is the first stage of investing, if you don't save money then how could you invest it? I believe saving and investing work simultaneously.

If someone who's good at saving then that person can invest some money in Bitcoin and a few other assets in order to earn revenue when the Bitcoin or those other assets gain value. By following a DCA strategy, and holding your Bitcoin, you can gain profits and that's similar to saving, I guess DCAing and holding is similar to saving.

Saving and investing are both important and interesting factors to build up a strong and secured financial standard.It's just that most people this days prefer saving to investing,forgetting that they're two different things.There's a difference between saving and investing.Saving is putting some of your money away to cover emergencies and other unforseen circumstances;investing is making your money work for you;putting your money into things that'll ideally increase in value and make you more money.
 
If you start saving from your teen age till grow up to an adult,the money you'll get from your so called savings insignificantly has no effect on you,your lifestyle and well-being.Then consider investing the multiple times you also applied to savings and see the outcome.

If you have more than one financial goals to meet you’d like to put your money either to savings or investing.It depends on you though, you also might consider a combination of saving (for short-term goals) and investing (for long-term goals).Saving is a good habit,but without investing you're goin' slide😁...whatever you do,make sure you Save for what's around the corner and invest for the future because the act of saving and investing will dynamically change the way you live your life in the future.

[yhiaali3]

I do not agree with your opinion regarding cryptocurrencies. In my opinion, saving is better and safer than investing, especially for those who do not know much about the nature of cryptocurrencies, their fluctuations, and investment risks.

Some people are not good at investing and waste their savings due to their lack of experience and lack of understanding of market risks. The best solution for such people is to save in the long term, where they stay safe away from market risks and wait for the rise to reap their profits.

Sure they won't get rich but at least they make some good profits and stay safe.

[ScamViruS]

Savings is very useful in any unexpected situation, savings is important as well as investing. But putting too much faith in savings and not making any kind of investment makes one poorer. But the dependence on savings is high among people because they consider investing as a risk, so they are more interested in saving in the bank than investing.

Investing in good places will be the best decision with the way inflation is rising now, because the inflation situation will get worse in the future. We all have to think about investment now, and investing in Bitcoin will be the best decision and Bitcoin can change one's current situation.

[RockBell]

If they only save in the bank, it doesn't make a difference because now there are a lot of costs that have to be incurred so we should get interest from the savings instead we have to pay the costs. Apart from that, the interest is smaller than the costs so we will not get an increase in the amount of savings.
But if you choose to invest your money in gold or bitcoin (because we already know bitcoin), it can provide greater profits because there are no costs in storing bitcoin. When the price of bitcoin increases, our profits will increase when we sell the bitcoin at the highest price.
But there are still many people out there who don't believe in Bitcoin so they still make the wrong choice in choosing their investment. They need to learn more about investment so they can choose the right investment that is suitable for them and get the profits they want.

Saving takes a lot of effort and does not work anymore because everything is becoming more expensive. And this demonstrates that while saving is beneficial, it should not be the exclusive focus of any investment. Savings without a purpose is not a plan. That is the disadvantages of relying of savings in the future there will be no increase. Bitcoin is a very good option to consider because you have control over your money and if the price of bitcoin is going up the same way your money will increase. Which will you prefer. Doing comparison won't favour but do your own research so that you can decide what exactly you want to do because if you look at it bitcoin might not favor you. If its bitcoin you will do bitcoin and if it is gold you do gold as far as your money is not laying there dormant. If they want to invest they should build there knowledge first then other thing should come second.

[Barikui1]

Saving fiat can't make anyone rich because in today's economy the worst thing you can do to your self is to save fiat  while inflation eat it up, it's has already been proven that if you want to save, hold that money in anything that grows in value overtime, something like Bitcoin, land and gold.

Holding fiat is never a good idea, the major purpose of why people hold fiat which is for a short time is due to emergencies, so that they will have some money at hand when they needs to address some financial needs, not for the long term.

[Asuspawer09]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

I mean I get your point here, for sure saving and investing and different, also investing is much better than saving because investing is something like buying an asset that could potentially give you some kind of return like for example you buy or build an apartment which could be a passive investment because after you invest on that money it could probably give you consistent high return because of the possible payment of the rent but the thing is it could potentially generate you money.

Then saving is just gathering your money like for example in a bank, it could probably be your salary or every time you get the money you're going to get a small percentage of that put in the bank until you save a huge amount of money, potentially will get a very low interest since it's saved on the bank. So it's understandable if people who'd think that saving is not going to make you wealthy or rich, but still it's going to be an important thing to have, since having liquid money or savings that you could easily use is a convenient thing to have.

We could situate it to its own risk because like for example we have investments like Bitcoin or cryptocurrency that could probably be a good thing overall compared to savings but it has a drawback because of its risk, is investment a guaranteed profit? not really right, We could say that it is an even better thing to do but after a few years if Bitcoin does not exist anymore can you still say that investing in Bitcoin is better than saving?

The thing here is Saving is important we could just call it a foundation, it's not going to be wise to just invest in something without having some kind of savings as a backup plan, and then we have investments or assets that is going to generate our income it could be investing in Bitcoin or could be a business.

[bitterguy28]

saving fiat money for the long-term is not advisable as fiat’s value declines over time if your $1 today can buy a cheeseburger… in a few years it can probably just buy a piece of gum

if you want to use your bitcoin money for other investments then you can do that depending on your financial status but mate it’s ok to live your life sometimes do not be too focused in gaining profit

[Huppercase]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.

The concept of saving is just bad especially in the traditional finance level, it's a system that don't let you progress but it enrich the people at the apex level.

Though, I must admit that you need savings like for emergency needs such as hospital bills, house bills, education, this money are not money you must invest, they are money you keep aside for sorting out things when the time is right. Investing this money is like taking a risk that will might hunt you later because emergency funds are not to be used for investment.

However, if you are saving money because you don't want use the money and you keep it in the banks, then that means you don't know what inflation is about, you don't understand the monetary policy and you don't know how the banks operate and how they used your saved money to make more money whole you get nothing because the interest rate for savings are too little and not worthy. It's better to invest.

[tabas]

Like what it is being said, "teach them young" to save. And that principle will start from there and they'll have the idea on how money works coming from savings, to investing, to inflation, to economy and so on. While no one becomes rich by saving because you have to let your money work for you and the term saving for tomorrow is wrong. It should be "save for the rainy days", this is all about having the emergency money that you can pull out. But this narrative has changed overtime when there are a lot of assets that are liquid and you can always pull out when you are short and are in need of cash. As we're here, someone who's interested in investing in Bitcoin will also see himself that he's learning about investing in general because he has to learn about the market, news, charts, halving, some jargons and technicalities that are basically needed for one to know being invested to Bitcoin. And with this, an investor will bring this to any other investment that they're going to be interested with.

[SatoPrincess]

Saving money in the bank has its benefits but investing is a more effective method of creating personal wealth. The compound interest banks add to your initial savings annually is a dozen times less than what you would profit from investing that money in a good investment for example Bitcoin.  Leaving your money idle in a bank account has a lot of cons, inflation being one of the biggest problems for those who save in fiat. What’s the guarantee that the economy will flourish and your money will have as much value as it did in the previous years?

[GbitG]

Even the methods and words are not the same, saving and wealth, these two factors are basically different, Of course, it is very clear that saving does not bring wealth because the value of assets does not increase, because it is a saving that is based on a portion of income.

People should know they won't be able to make wealth just by saving because that is not the purpose behind saving money. You save money because you want to have some security for your future in case you face an emergency, some people even save so that they can do a certain thing or buy something that they can't afford in one go for which they keep saving a portion of their earnings and then plan to buy it once they have enough funds for it.

If someone wants to have wealth, they will need to work on building assets such as making investments, starting businesses even if they are small, they can always be scaled up in the future, but when you save, you won't have wealth, you will only have some funds that you can use for a certain purpose no matter what it is.

[Gozie51]

Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.

Yeah not much have been said about the saving for tomorrow because quite a number of people accepted it that way and also tried to save that way. In fact back then you are valued according to how much you have in a bank but not anymore. I think the phrase should be invest for the future because every thing is now on the fast lane especially the value of fiat which is no longer having average profit when you keep it in the bank because of inflation.

The bet is to let your money stay in cryptocurrency because it is has that increasing value from time to time and yet retain your number of unit in the coin. For example currently the price of bitcoin is rising and that means whoever is having whatever quantity in his wallet, it will be experiencing a lot of increase at the moment until this season comes and go. This is the experience with having to convert your savings into crypto and hodl rather than leaving it with the bank that uses the money for business and don't pay customers better percentage as they make use of their funds.

So currently, keeping money in cryptocurrency is more profiting than leaving it in fiat as savings.

[slashz9]

before I knew about crypto I was just an ordinary worker from 9 to 5, but I found out about this in 2017 and started participating in several campaigns at first collecting a number of tokens from there, and didn't put in my money because my salary was only enough for my daily needs, after that I know more things like trading and other things. which has made me survive until now and understand the meaning of investment and other things that bring in more money.

[lienfaye]

Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.

Saving is important but we should prioritize to have an investment (not only limited to Bitcoin) to secure our future. Because let's say you decided to put your money in banks as your savings, even years have passed, the interest is not worth it to just let it sleep there. It's like nothing happened and yes you have money but did it gain?

Investing in Bitcoin is good choice especially if you engage yourself during bearish season. Although not all investors can see the importance of investing while the price is not expensive. However, it's not too late so don't just save, it's more crucial to have an investment because this is very useful in times you already want to retire. But of course always DYOR because investing is associated with risk thus be certain that you know what you're getting into.

[South Park]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Bitcoin is an investment not only a way to save your money, and when you have invested in one of the best and most profitable asset that has appeared during the last decades, then why bother investing in something else? Also saving is nowhere near useless as it can allow you to have the money to overcome many different crisis, and without any savings you cannot become an investor either, meaning the advice giving is good enough, it is just lacking a little bit as it should also encourage people to invest.

[topbitcoin]

Saving cannot increase the wealth we have, but if it is just to maintain the wealth we have then saving is the solution. However, by noting that this wealth is stored in the form of gold or currency that is considered stable, so its value will remain maintained. And on the other hand, saving can help someone when faced with a very urgent need.

Meanwhile, when talking about an investment in bitcoin or wherever, investing can provide opportunities that can increase the finances we have, but all of this must be based on good and qualified skills and knowledge, because otherwise, the investment will be If we do that, it will only cause losses. And therefore, while we are still young, take advantage of the free time we have to learn about how to manage finances well and also about investment. because no matter how much income we have, if for example we are not able to manage it well, then this money will have no meaning at all. And on the one hand, we will not be able to keep working forever, because there will be times when we will get sick or retire, and therefore start investing, so that when the time to retire comes, that money will work to make money for us through an investment that we make.

[Adbitco]

Practically holding bitcoin is also investment and holding any other assets is likewise an investment to me where you should have been more concerned about could be about security, yes it is true we can have any amount of bitcoin we have in our wallet today as investment but if we don't really go down and pipeline low about our security aspect you would see that in no time we might lost all our investment either to scammers or misplaced our keys.
From my understanding so far bitcoin is still new on earth despite it has spent decades over now but we should know that bitcoin has passed the level of being collapse immediately without any proper reason and if bitcoin collapse today believe me there is no other coin that could survive the heat because their originator is gone.

[MissNonFall9]

I think that if we keep bitcoins for a while, we can become a great asset. For example, now the price of BTC has exceeded $63,400 and it is expected that its price will increase much more in the future. It was below $20,000 a few days ago. So if someone has been saving Bitcoin then he must have been able to make a good profit from it and it is his wealth. But yes we should invest in something other than BTC as part of investment to avoid risk. That is why we should keep an eye on the previous statistics of investment analysis and then invest in a profitable place.

[jrrsparkles]

  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

So you consider holding Bitcoin as saving and want to invest the profits from Bitcoin into something else?

Saving is what you save in the fiat like you save $100 a month in your bank account and not utilizing the money on something else will make you poor because the value of fiat depreciates due to inflation and the actual purchasing power of $100 may worth $90 in the one-year time frame if the inflation rate hits 10%.

Bitcoin also comes under investment cause its value is volatile and I don't deny that you could invest the profits into something else because 'don't put all your eggs in one basket' rule can be applied to minimize the loss.

If you would just let your money sleep by saving it, why not let it grow by investing it?
Most of us see Bitcoin or crypto as an investment so if you are saving your money in Bitcoin, it would basically be seen as an investment for most of us.
And I do agree that no matter how many Bitcoin, crypto or assets you have if you misuse it, it would all just be drained.
We've seen so many successful person or wealthy person in the past who are now broke due to their lack of fund management.
Misuse of their wealth by spending too much on luxury items, drugs or vices, gambling and other forms of addiction.

That's what I said too, Bitcoin is an investment, not a saving that is the same as saving in fiat or any asset that is considered a store of value and doesn't have volatility in its value. In comparison, bitcoin is a good investment though it comes under risk so I won't categorize it under store of value.

Financial management is a very important skill that everyone needs to have if they want to upscale their financial freedom but a majority of people are used to consumerism and living their life from pay check to pay check.

[retreat]

I quite agree with what you say that saving alone will not make you rich, but it must also be accompanied by investment which can be in the form of shares, bonds, or bitcoin. Because the concept of saving itself is an effort made by someone to set aside their money to be used in the future for their various needs - so the value of the money will be fixed and may decrease due to inflation. However, if someone invests, it means they will be able to potentially gain increased value from the instruments they invest in and this can provide them with added value to their economy.

[Fortify]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Savings can be a sure sign that you are on your way to wealth accumulation, rather than sitting in debt which is surprisingly common out there. However once you reach that part of your financial journey, you should definitely start to do more research and you'll find that investing long term will be much more profitable. We are in a weird time where bank savings rates are especially high, because inflation indirectly drove them up, but with inflation coming back down again you will start to see them fall and investing will be much wiser again.

[Kakmakr]

Have you heard what Albert Einstein had to say about "Compound Interest"? He said, "Compound interest is the 8th wonder of this world. He who understands it, earns it... he who doesn't.... pays it."

So, no matter if you invest in Bitcoin or even if you just save some extra money every month, you will still be the winner at the end of the day. Just keep doing it.

[traderethereum]

Saving takes a lot of effort and does not work anymore because everything is becoming more expensive. And this demonstrates that while saving is beneficial, it should not be the exclusive focus of any investment. Savings without a purpose is not a plan. That is the disadvantages of relying of savings in the future there will be no increase. Bitcoin is a very good option to consider because you have control over your money and if the price of bitcoin is going up the same way your money will increase. Which will you prefer. Doing comparison won't favour but do your own research so that you can decide what exactly you want to do because if you look at it bitcoin might not favor you. If its bitcoin you will do bitcoin and if it is gold you do gold as far as your money is not laying there dormant. If they want to invest they should build there knowledge first then other thing should come second.

That is why if someone wants to save, he must think about it first before deciding. He must also be able to calculate how much interest he can get from saving and compare it with the interest he can get from investing.
If someone can invest in bitcoin, it will provide more benefits than just saving. But the person needs to learn how to start investing.
The important thing is that before someone starts his plan to save or invest, he must do research first so that he understands everything. He can make a decision which is good for him.

[Hewlet]

  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

you were making sense from the beginning but this statement contradict what you're saying big time. What you're basically doing when you buy Bitcoin and hold is investment and not saving. When you save, the amount you kept aside remains the same regardless of how long you leave it Thier which places you at a serious disadvantage because the purchasing power of the money after five to ten years dropyps so low that it can't afford half of those things the money could buy at the year you saved it.  Investing into Bitcoin with that money on the other hand for same period of time of say ten years would have given you 3 to 4x of your initial investment which after selling would have yielded a substantial amount of profit.

Generally, savings for a short term isn't bad because Thier are times you will need up to a certain amount of money before buying a certain asset you might need and that's just the time when saving is good but when it comes to long term bases, invest your fiat into a good asset and you will have good returns whenever you want to get back your money. It's not compulsory that you must save it into crypto but the reason why saving into Bitcoin is preferable is because Bitcoin has proven to be reliable and and regardless of how much you're able to accumulate you won't be bothered about tax payment or get bullied by financial institutions that would want to querry the the source of your holding or stuff like that.

[Mpamaegbu]

We were usually advised to save money before because to invest then you had to have a good amount of money, and to get this money, you had to save up for it. Saving may not make sense now because there is the opportunity of investing from any amount you have.

Yes, given the present situation in our country, it's not ideal to save up money. The best way to retain whatever one's trying to save is to invest it and face the risk of either it making profit or going into loss. If it's kept as savings, it has only one direction to go and that's loss because it's definitely going to be swept off by the forces of inflation that's ravaging the country now.

Like user franky1 said, – "savings is not about wealth creation..." I believe them on that.

[naikturun]

but we can see people who save and don't save, at least they have more thoughts for the future, even though it doesn't actually make more money, they just need to be taught/learn about investing, so they will change their ways by investing every month, and not save more every month.

[bakasabo]

It is even sound incorrect «saving = wealth». What people usually save or try to save? The money they earn as a salary. So if you dont earn much or isnt a wealthy from the beginning, all you can safe is a part of what you have earned. If we use simple math it isnt impossible. Suppose X is your salary. You save for example 0.5x and expect it to turn into 100x with time while doing nothing? We all know that «money must work». That is the only way to make even more money. Saving means putting them on the pause. Pause is never good.

[Sorryfor]

Investing seems to me better and acceptable than saving. Because I have found that when money is stored for a long period of time, it eventually leads to inflation, whereby money depreciates greatly in its own value. Through this, instead of gaining the money saved, we lose more. On the other hand, if you can invest in a good place. Be it Bitcoin investing or investing in building wealth somewhere it's much better than saving it. Because I have seen the price of house car or land never decreases it keeps increasing day by day. So investing seems to me to be better than saving for long term. Let's say if you deposit money in a bank you won't earn much profit. But at the same time if you invest your money in a good field then after a long period of time you will get huge profit. I have always preferred investing more than saving money.

[NewRanger]

Bitcoin also comes under investment cause its value is volatile and I don't deny that you could invest the profits into something else because 'don't put all your eggs in one basket' rule can be applied to minimize the loss.

Yes, as long as you don't invest in coins that are not good otherwise a lot of bad things will happen in the investment journey, especially for shittoken or meme coins that haven't been measured and analyzed, it's best not to because we will lose money, especially when the market is crashing.

Well, in conditions like this only big coins and projects that have useful products can survive in the market and this is relevant if we think about it because traders and investors prefer to hold big coins, this will give them certainty and That is also wrong one strategy for investing in crypto that the OP also needs to pay attention if invest.

[Alpha Marine]

What do you think investing is?
Isn't investing simply having money or an asset somewhere with the hope that it grows over some time? If that is an investment, why do you believe Bitcoin is not an investment?
I bought Bitcoin when it was $28k, and I also bought it when it was $50k, today Bitcoin is on $65k and rising. I have made X2 of my investment within a year and there's a very big chance that I'll make X2 of my other investments this year or next year,  if that's not the definition of an investment, I wonder what else is. Or do you see an investment as something that will give you X10 of your investment in a month?

Also, I agree that savings don't make wealth. You can't get wealthy if your money is just the way it is without growing. But you can save to start a business and the business can generate wealth.

This is also another reason why Bitcoin is above all else. With Bitcoin, your savings can also be an investment. You have savings you can easily liquidate in 10 minutes in case of emergency and you also have an investment.

[ultrloa]

Bitcoin also comes under investment cause its value is volatile and I don't deny that you could invest the profits into something else because 'don't put all your eggs in one basket' rule can be applied to minimize the loss.

Yes, as long as you don't invest in coins that are not good otherwise a lot of bad things will happen in the investment journey, especially for shittoken or meme coins that haven't been measured and analyzed, it's best not to because we will lose money, especially when the market is crashing.

Well, in conditions like this only big coins and projects that have useful products can survive in the market and this is relevant if we think about it because traders and investors prefer to hold big coins, this will give them certainty and That is also wrong one strategy for investing in crypto that the OP also needs to pay attention if invest.

Many try to test out there luck on meme coin since they see some people earning a good fortune for huge return they good for investing earlier on those tokens. But they didn't realize that its so risky to follow those people especially if they don't have experience and just been hype then don't know what to do on some cases happen. That's why they should spend some time to learn so that they will not go crazy once unexpected time happen and they would not totally get crashed by the movement of the market which they don't think it might happen.

But to avoid any huge risk much better if they invest directly on bitcoin and not try to risk anything on shit token especially when they are new and don't know what other crypto is good alternative for then to invest.

[Natsuu]

It makes sense. Saving money is cool but is where the magic happens. You can have both. Putting your cash in things like stocks, real estate or even Bitcoin can make your money grow way better than it would in a regular savings account. Sure Bitcoin can be a bit wild but it's part of the game. Diversifying your investments around is like playing it smart. It helps you ride out the ups and downs

[angrybirdy]

It makes sense. Saving money is cool but is where the magic happens. You can have both. Putting your cash in things like stocks, real estate or even Bitcoin can make your money grow way better than it would in a regular savings account. Sure Bitcoin can be a bit wild but it's part of the game. Diversifying your investments around is like playing it smart. It helps you ride out the ups and downs

exactly! If you have the ability to have the same, why not? that's also the normal way when it comes to having financial stability in life, having savings and investment at the same time. We are aware that what I am talking about is only applicable to people who earn a lot and there is not only one source of income and we also know that not everyone has the ability to do it all because others are trying to fit in their salary is just to survive and they don't even have savings so it's hard to be in that situation.

[AmoreJaz]

It makes sense. Saving money is cool but is where the magic happens. You can have both. Putting your cash in things like stocks, real estate or even Bitcoin can make your money grow way better than it would in a regular savings account. Sure Bitcoin can be a bit wild but it's part of the game. Diversifying your investments around is like playing it smart. It helps you ride out the ups and downs

Investing to other assets is always a better choice, that is, if you will also dedicate yourself in educating yourself how to handle them when you encounter different scenarios. Always think of contingencies because if something goes wrong to one asset, at least you have something to fall back onto.

Just look a very classic example, saving your money in the bank won't give you good interest at the end of the year. It is like for safe-keeping purposes. So if you think you have other skills to grow your money outside traditional banking, why not?

It is even sound incorrect «saving = wealth». What people usually save or try to save? The money they earn as a salary. So if you dont earn much or isnt a wealthy from the beginning, all you can safe is a part of what you have earned. If we use simple math it isnt impossible. Suppose X is your salary. You save for example 0.5x and expect it to turn into 100x with time while doing nothing? We all know that «money must work». That is the only way to make even more money. Saving means putting them on the pause. Pause is never good.

A very logical approach. Indeed! Your money won't grow on its own. It should be used into something profitable to earn good money. Else, you are just letting the money sleeps.

[DanWalker]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Agree with OP that investing is more profitable than saving, saving only makes our money lose value over time. But investing doesn't just mean profits, it also comes with risks, and it gets riskier when you choose to invest in bitcoin. Have you thought what if you bought bitcoin for 70k 3 years ago and you need money in 2022 when bitcoin price drops 60-70% of its value? What would you do in that situation if you had no savings? Don't get too excited when the market is bullish and have the illusion that bitcoin will always bring profits without risk. It can be said that having an investment will give us the opportunity to change our lives, but never underestimate a savings account for emergencies.

It just depend on one's risk appetite. Some peopl are better living with savings alone simply because they are afraid to take the risk. They're more into assurance with situations or times they will be needing the money they are saving than to risk making it double or just more with investment.

Of course, it depends on each person's choice because each person has different living situations and perspectives on life. But it would be a mistake to compare saving and investing, and we only talk about the disadvantages of saving and exaggerate the benefits of investing. To be more fair, we should give the pros and cons of both so that people can have more realistic assessments and comments. I am a bitcoin investor and I prefer investing over saving but I cannot deny the importance of saving.

[Dailyscript]

The main reason i would choose investing over saving is that investing saves you for future purposes and gives you a chance to be wealthy. Definitely, it is difficult to get wealthy when you are just saving because inflation will surely affect it, and purchasing power will also reduce after some years of saving. I am not still disputing the fact that saving is good because it helps us solve unexpected problems that come along the way. Now, i won't suggest that a person should leave saving and invest, and I won't say they should also focus on investing and abandon saving either. Both should come in hand after receiving income. Allocating some percentage to saving and some to investment based on your financial capability every month.

[Republikcoin.com]

It makes sense. Saving money is cool but is where the magic happens. You can have both. Putting your cash in things like stocks, real estate or even Bitcoin can make your money grow way better than it would in a regular savings account. Sure Bitcoin can be a bit wild but it's part of the game. Diversifying your investments around is like playing it smart. It helps you ride out the ups and downs

The advice you say also makes sense because the benefits are clear between saving money in a regular account and using it to invest in shares, real estate, or even Bitcoin. Because until now Bitcoin is still experiencing significant price growth in the market so the benefits are also becoming clearer, so the advice you say is also quite good and cooler than just saving money in an ordinary bank account where there will be no additional money at all.

Investing to other assets is always a better choice, that is, if you will also dedicate yourself in educating yourself how to handle them when you encounter different scenarios. Always think of contingencies because if something goes wrong to one asset, at least you have something to fall back onto.

Using money in several investment assets could also be an additional option that is as good as what @Natsuu said. Because he also said about several investment options such as shares, real estate, or even Bitcoin which can always be relied upon even though there are risks too. But so far we can all see that profits and wins always lie with people who believe in stocks, real estate, or even Bitcoin. So those who save money only in bank accounts will not be able to feel the benefits of investing in shares, real estate, or even Bitcoin.

[Gormicsta]

Well, I don't think that's true; for me, saving actually makes someone wealthy. I understand saving as the act of putting money aside for future use; it's a way to ensure that whenever you have emergencies, you can sort yourself out; assuming you didn't save for the future, how can you help yourself or your relations when you needed it the most? Although you can't be wealthy all at once, it takes from step to step; you can start with small small capital, all these wealthy people today,

[Oneandpure]

I think every one must understand well bad concept about saving is the best way to be rich because the right side of saving don't make wealth yet, the inflation of fiat most drastically year by year and how long duration taken when saving much money more than five until ten years. I can't imagine if some one have routine saving money more than ten years how decreasing drastically with his saving assets.
Change bad concept with saving money and use for investing, despite which one priority for investing during profitable is not matter such as invest in property, gold and not bad ideas when saving in cryptocurrency.

Potential increasing the values of our saving money when investing it than only hold as saving assets without any potential get increase until how long save or hold it.

[kingvirtus09]

It is useful to make savings as long as you know how to do it, because if you only save and then it will only go to your expenses, which will not benefit you in the long run, I think that it is also useless that you made savings.

Now, if you make savings through DAC here in the field of cryptocurrency like Bitcoin and other top altcoins, I also think it will also help you get what you want to buy for your loved ones. .

[DaveNeck]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

This is a factual truth people seem to value saving than investment a whole lot of times people always make saving there priority instead of investment
Investment is a multiplayer  while saving preserves sometimes without any interest or profit
 People should change there mentality as such they will begin to multiply there income

[Mame89]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

What is certain is that saving and investing are both different even though they look the same. Saving is not necessarily an investment, but investing is definitely more than just saving. Here's the bottom line.
Because saving is for short-term needs, while investing is a process to obtain long-term profits. It's just that distinguishing between the two is a risk factor. Saving has a small risk, but does not have the potential for future profits like investing.

As you said, saving will not make our savings increase, on the contrary it will make our savings lose value due to inflation. Saving is only needed for needs and emergency funds. The rest of the money is better diverted to investing in Bitcoin, gold or property. The point is that savings and investment must go hand in hand, it's just that the portion of the allocation must be increased to investment.

[icalical]

Sure investing is more profitable and our saving is indeed eroded by inflation, but both have different purposes and if we consider many aspects both are just good for their own purpose. Investment is good for gaining and getting profit and avoid inflation if you do it right, but there is also some risk of value loss, and not to mention that in some investment you need sometimes to withdraw the fund. While in saving even though the value is decreasing because of inflation, but in the case of emergency situation you can directly withdraw the money.

We can do both saving and investment.

[Assface16678]

Sure investing is more profitable and our saving is indeed eroded by inflation, but both have different purposes and if we consider many aspects both are just good for their own purpose. Investment is good for gaining and getting profit and avoid inflation if you do it right, but there is also some risk of value loss, and not to mention that in some investment you need sometimes to withdraw the fund. While in saving even though the value is decreasing because of inflation, but in the case of emergency situation you can directly withdraw the money.

We can do both saving and investment.

Exactly, why disregard saving? Our only saying is don't let all your money sit in there, meaning don't just be content with saving money, because in the continuous increase of the inflation rate, surely you will eventually use your savings. Instead, divide your money allocated for saving into two, one for saving and the other for investment or building up a business, because if you want to keep up with society and its inflation, then having an investment or business will help you in many ways, including saving up more money for future purposes. That is the best mindset of all.

I personally have a stable job, and because of the expenses now, I don't have anything left to have savings. That's why I do side hustles or part-time jobs that can be done online and also do investment, so I have three different sources of income, and that's how I can have money for more investment and for saving up.

[Finestream]

It makes sense. Saving money is cool but is where the magic happens. You can have both. Putting your cash in things like stocks, real estate or even Bitcoin can make your money grow way better than it would in a regular savings account. Sure Bitcoin can be a bit wild but it's part of the game. Diversifying your investments around is like playing it smart. It helps you ride out the ups and downs

Why not both save and invest, that way bigger scope of profits will be covered. It’s not practical to just invest without prioritizing saving for some emergency funds, or the other way around, saving alone wouldn’t still be at its utmost advantage if you never invest some of it. Whether it’s on bitcoin, stocks or real estate, as long as you reserved funds for investment and at the same time you save enough funds to cater your basic needs and necessities, then definitely the result will be more profitable and even more satisfying on our financial aspects.

[Dr.Osh]

It makes sense. Saving money is cool but is where the magic happens. You can have both. Putting your cash in things like stocks, real estate or even Bitcoin can make your money grow way better than it would in a regular savings account. Sure Bitcoin can be a bit wild but it's part of the game. Diversifying your investments around is like playing it smart. It helps you ride out the ups and downs

well, doing both is the best thing. This can help us to gain additional income, even greater income than we thought. Apart from that, investing also has the potential to give us profits that can make us achieve financial freedom. Saving and investing are necessary. Saving makes us avoid sudden needs, while investing makes our income or assets increase every month or year.

[Bloodseekers]

The main reason i would choose investing over saving is that investing saves you for future purposes and gives you a chance to be wealthy. Definitely, it is difficult to get wealthy when you are just saving because inflation will surely affect it, and purchasing power will also reduce after some years of saving. I am not still disputing the fact that saving is good because it helps us solve unexpected problems that come along the way. Now, i won't suggest that a person should leave saving and invest, and I won't say they should also focus on investing and abandon saving either. Both should come in hand after receiving income. Allocating some percentage to saving and some to investment based on your financial capability every month.

By investing we can guarantee a good future for us, but we have to properly understand the investments we make so that we can run them well and get profits. You are right, it will be very difficult to become rich if we only save because when inflation occurs everything will be very different and we also have to still have savings for emergency needs that we will never know for sure so that when we need it it doesn't disturb the assets we have invested.
You are right, these two things must continue to be carried out well to be able to achieve what we dream of in the future.

[Barikui1]

The main reason i would choose investing over saving is that investing saves you for future purposes and gives you a chance to be wealthy. Definitely, it is difficult to get wealthy when you are just saving because inflation will surely affect it, and purchasing power will also reduce after some years of saving. I am not still disputing the fact that saving is good because it helps us solve unexpected problems that come along the way. Now, i won't suggest that a person should leave saving and invest, and I won't say they should also focus on investing and abandon saving either. Both should come in hand after receiving income. Allocating some percentage to saving and some to investment based on your financial capability every month.

By investing we can guarantee a good future for us, but we have to properly understand the investments we make so that we can run them well and get profits. You are right, it will be very difficult to become rich if we only save because when inflation occurs everything will be very different and we also have to still have savings for emergency needs that we will never know for sure so that when we need it it doesn't disturb the assets we have invested.
You are right, these two things must continue to be carried out well to be able to achieve what we dream of in the future.

What I think about all this is that, investment is paramount if you really want to secure your future, because savings have an enemy which makes it less effective the e way it should, which is inflation, so the best way to counter such situation is having an emergency fund that can sustained you in case of any emergencies till the next pay day.

I prefer having an emergency fund which can sustained me till my next pay day, so that I wouldn't have to look up to my investment during financial troubles, than saving money that would be eaten up by inflation.

[Porfirii]

A friend of mine doesn't want to get a mortgage, and he has been saving as much as he cam for the last years. He doesn't take even a coffee out of (his parents') home, so you can imagine the degree of austerity I'm talking about).

Unfortunately, such a stoic behavior is not having the expected effects. Last year the price of real state rose a 14%, which means that all the money he holds in his bank account is worth 14% less (you can make the comparison to being charged a 14% of your savings in taxes in one year, which is insane).

 The alternative is not any better, though. If you don't save, you'll be doomed to be a debt slave.

[reagansimms]

If you are trying to set aside some money for savings, why don't you try going one level higher which can make your amount of money grow by investing?
Instead of saving which means the value of the money can be depleted by inflation, you should use a method that can provide future benefits by investing the money in Bitcoin.

If you plan to build a monthly savings of $100, you can also get Bitcoin with that amount. Bitcoin which can be purchased in smaller denominations can make it easier for you to invest your money by using the DCA strategy regularly, you will feel much greater benefits from investing in the future compared to saving.

[Farma]

If you are trying to set aside some money for savings, why don't you try going one level higher which can make your amount of money grow by investing?
Instead of saving which means the value of the money can be depleted by inflation, you should use a method that can provide future benefits by investing the money in Bitcoin.

If you plan to build a monthly savings of $100, you can also get Bitcoin with that amount. Bitcoin which can be purchased in smaller denominations can make it easier for you to invest your money by using the DCA strategy regularly, you will feel much greater benefits from investing in the future compared to saving.

When we are able to regularly save part of the income we have, of course we will be able to go up one more level to be able to maintain the value of the savings we have so that we can invest it by investing, then we will be able to make a profit from it and will also be able to achieve what we want. want after getting a profit from the investment, choosing to invest in Bitcoin using the DCA method is indeed very good and we have to do it well according to the plan we have made before investing and also we have to leave a little savings for emergency needs so that we can carry out the investment we do it well, because if we don't have savings for emergency needs then when we invest and need funds immediately then we have to take the investment and if the price is high of course it won't be a problem and if the price is low of course we will experience a loss on the investment the.

[southerngentuk]

Saving money might not make you a billionaire overnight, but it's like having a financial superhero cape ready for action.

It won't turn you into Iron Man, but it can shield you from unexpected expenses like car trouble or a surprise medical bill. These things can feel like a financial sucker punch, but with a savings safety net, you can weather the storm without going into debt or selling your investments at a bad time.

So, don't underestimate the power of saving. Even a small amount can make a big difference down the road. It's like having a financial bestie who's always there to catch you when you stumble.

[Juse14]

Saving money might not make you a billionaire overnight, but it's like having a financial superhero cape ready for action.

It won't turn you into Iron Man, but it can shield you from unexpected expenses like car trouble or a surprise medical bill. These things can feel like a financial sucker punch, but with a savings safety net, you can weather the storm without going into debt or selling your investments at a bad time.

So, don't underestimate the power of saving. Even a small amount can make a big difference down the road. It's like having a financial bestie who's always there to catch you when you stumble.

I agree with what you say, because we will never know how long we can continue working and making money, and we will never know when disaster will befall us. Even though we don't want this, it can still happen in our lives.

And because of that, it is quite important for us to be able to prepare everything well, while we are still given health and the opportunity to continue making money, so use this opportunity as well as possible, saving is not to become someone who is rich, but saving just in case we are faced with an urgent need or when something we don't want happens in our life, such as an accident, for example, where the result of the accident makes us unable to return to work as usual. And when that happens in our lives, it is savings that will save us in that situation.

[macson]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Many people still don't realize that inflation weakens the money they save every year, so saving never does any good at all, it actually makes a loss, imo.  However, as a form of preparation for emergencies, saving is quite necessary, in order to avoid difficulties that will be encountered, we will definitely be surprised if one day we need money for things like illness or accidents.

[AVE5]

If you're rich already you either need to invest in other to get richer or to maintain your richness profile because your riches is evaluated by your incomes. If you fails to invest while staying confidence to your hodling of savings, it's like a dormant and a non living statusco which means there's no Possibilities to attain more income in addy to your portfolio. But if you Invest your assets nomatter how little it could be and despites your statusco whether poor or rich, your assets has the potentials to determine your future statusco and surely, if you Invest of a good digital assets like bitcoin and hodl for periods of time especially investing on a long term goal then there's hope and confidence to grow more to your riches or growing in riches as much as your bitcoin assets is growing to attain you incomes innq great rate

[freedomgo]

Saving money might not make you a billionaire overnight, but it's like having a financial superhero cape ready for action.

It won't turn you into Iron Man, but it can shield you from unexpected expenses like car trouble or a surprise medical bill. These things can feel like a financial sucker punch, but with a savings safety net, you can weather the storm without going into debt or selling your investments at a bad time.

So, don't underestimate the power of saving. Even a small amount can make a big difference down the road. It's like having a financial bestie who's always there to catch you when you stumble.

Saving is highly as important as investing. However, we are talking here on building our wealth, not building our savings safety net. And the easiest way to achieve it is through barking on potential investments which includes bitcoin and the crypto space. But make sure you have to save first before trying to take risk in such investments. Investing with your hard-earned money and on the amount you can afford to lose is always better than investing through taking loans, so that if you lose them, at least you won’t have monthly dues that will make you struggle to pay.

[Viscore]

If you are trying to set aside some money for savings, why don't you try going one level higher which can make your amount of money grow by investing?
Instead of saving which means the value of the money can be depleted by inflation, you should use a method that can provide future benefits by investing the money in Bitcoin.

If you plan to build a monthly savings of $100, you can also get Bitcoin with that amount. Bitcoin which can be purchased in smaller denominations can make it easier for you to invest your money by using the DCA strategy regularly, you will feel much greater benefits from investing in the future compared to saving.

Don’t just save, but also save a portion for investment. Saving alone won’t make you capable to gain higher interest of profits, but will only save you from those unpredicted emergency events. While saving can be a lot of help for us, but investing will help us yield more profits which may lead into building our wealth and securing our finances.

Don’t make it too hard on yourself. You can definitely save and reserve some spare money for investment. Just invest on what you can afford to lose, and invest only if you have gained sufficient amount of knowledge and skills that are required for a successful investment.

[Orekelewa Ade]

Saving brings about investment, so I would say saving leads to being wealthy.
Taking it down, one wouldn’t start an investment just like that it is the savings that would pull up an investment

It all depends on how much earned ,that, will determine how much to be saved and also how big the investment would be.
So saving is like trail track to being wealthy an investment doesn’t just come all of a sudden it starts with a step and “saving” is the step to investing and then boom! There comes wealth.

A mismanaged saving cannot raise an investment, once you have your investment target and with consistency you keep the saving going then the investment would be raised. Though most times challenges will come and may ruin the investment plan but then “never give up” comes in and consistency stands, investment will push through

[coinerer]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Savings keeps one's wealth stable and sometimes reduces wealth and the reason for wealth decline is inflation and that is why instead of saving money should be invested in a potential asset that has the potential to increase as well as maintain wealth. Inflation is increasing day by day due to which if one is saving in FIAT money then the value of his savings is decreasing every year.  So savings should not be given too much attention.  Everyone should always keep track of where to invest according to their wealth.

[Vinaa77]

Savings keeps one's wealth stable and sometimes reduces wealth and the reason for wealth decline is inflation and that is why instead of saving money should be invested in a potential asset that has the potential to increase as well as maintain wealth. Inflation is increasing day by day due to which if one is saving in FIAT money then the value of his savings is decreasing every year.  So savings should not be given too much attention.  Everyone should always keep track of where to invest according to their wealth.

I think it's important to do both saving and investing, because if we only do one thing, such as investing and don't have savings, of course we won't be able to invest well because it's possible that when investing, we experience emergency needs and we don't have savings. To be able to meet these needs, of course we have to take what we have invested to be able to meet the needs we need and if we only save, of course this will reduce the value of the savings we save when inflation occurs, so it would be better for us to be able to do both. This is so that we can enjoy it when our retirement arrives.

[MarjorieZimmermanGinger]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.

Saving will not make someone richer, but saving is seen as quite important as an effort to avoid financial chaos. The productivity of money will be much more appropriate if it is placed in investing or building a business because the money we have can generate profits compared to saving which makes money continue to lose value. Create a percentage of savings and use the rest in a much more productive place so that we can make a profit from the money we have.

So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.

The more you place money on good prospects, the greater the chance of earning. Bitcoin is one of the places to make money and it must be done with the right knowledge so that one does not lose. If the profits in bitcoin are used for other methods of making money it is also good so that we have some income that can provide profits. It is important to look at the level of productivity resulting in profits because the smarter we are at placing money, the true income will also increase.

[Oasisman]

Saving money might not make you a billionaire overnight, but it's like having a financial superhero cape ready for action.

It won't turn you into Iron Man, but it can shield you from unexpected expenses like car trouble or a surprise medical bill. These things can feel like a financial sucker punch, but with a savings safety net, you can weather the storm without going into debt or selling your investments at a bad time.

So, don't underestimate the power of saving. Even a small amount can make a big difference down the road. It's like having a financial bestie who's always there to catch you when you stumble.

Though I have to agree with this statement, but you should always consider putting a portion of it to bitcoin to somehow protect your money against high inflations. Savings alone would only bring your money's purchasing power in a constant downward motion. I'd have like 60-40 split off my money intended for savings and investments, this way either of both can protect each other from any unknown circumstances. Savings will play a huge role with your bitcoin investments, because savings will be your go-to fund it times of emergency and will protect your bitcoin holdings from any unplanned withdrawals.

[bayu7adi]

I know the root of this problem is actually inflation. What if we make it simple, like we only have to save in Bitcoin, not FIAT? Yes, in some countries it is very difficult to spend Bitcoins because there are restrictions on transactions, but I'm sure some people in all countries have Bitcoins that they keep, because it is online based.

Bitcoin as savings is what I have been doing for the last 1 year, and it really works. I always feel hesitant when it comes to selling the Bitcoins I have accumulated, because I already enjoy a small profit from the price increase. It's like psychology, where as I accumulate more and more Bitcoins, it makes me less and less want to sell them now. Yes, only an emergency would make me sell Bitcoin.

Until now, most of my savings have been in the form of Bitcoin which I have accumulated since the price of Bitcoin was around $25k-$30k...it's also quite fun holding BTC rather than holding FIAT in deposits.

[Pi-network314159]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.

Actually investment is more reliable than you think. Though it might be difficult to some people because they believe saving it in the bank will be the best option, not knowing that the fund kept in the bank are like your source of income generated revenue being trapped In a cell call bank, which they use for business such as loan. It is advisable to use any money you make to invest and make profits rather than saving in the bank . There are many investment plan which includes bitcoin investmet, real estate, or buying of land because land also has a volatile.

[Volimack]

Savings will help in better future risk but the biggest problem for fiat currency is that if you save in the bank linked to the country's economy many people have bad time. Bank people don't want to pay on time. When the value of Bitcoin was low those who invested earned more profits and gains than savings. The bank is not giving much profit now and has reduced the profit margin a lot. With the increase in price of bitcoin investment is becoming more fun and most people prefer bitcoin as savings.

[BITDV]

"Saving don't make wealth" in some case I agree with those statement. But we can not make wealth without saving.

I prefer to invest in altcoin which has cheap price, I'm not really want to save in crypto, I just saving in fiat and deposit in bank, and if I got interest I buy altcoin.

[Tony116]

Actually saving and investing have the same goal, but they are distinguished by different concepts and play an important role in achieving a level of financial freedom within a certain time.

I totally agree with this.
Through savings, we can put money away in a safe place for future purposes,
on the other hand, investment ensures that the money will grow in the future.

Actually, both are important for our future. In savings, there is less risk but in investment, there are some risks. However, you know "no risk no gain". If we want to achieve something in our future then we must take some risks. So it is clearly said that savings and investment make our financial statement strong.

[Ben Barubal]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

     Well, this is for my opinion, and it's just an opinion. When you are in crypto and you are a long-term investor, when you accumulate Bitcoin or any of the top crypto in the market for a few years that you don't sell, it is worth it. You are making savings for your future. This is different from our usual savings, which can be x10 up to 100x, and if you are lucky, even x1000.

And when that happens, you suddenly become rich; this is what is called holding a millionaire because you hold potential altcoins that are top-listed in the market.

[Mahanton]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

     Well, this is for my opinion, and it's just an opinion. When you are in crypto and you are a long-term investor, when you accumulate Bitcoin or any of the top crypto in the market for a few years that you don't sell, it is worth it. You are making savings for your future. This is different from our usual savings, which can be x10 up to 100x, and if you are lucky, even x1000.

And when that happens, you suddenly become rich; this is what is called holding a millionaire because you hold potential altcoins that are top-listed in the market.

Its not bad on being optimistic but we do know that becoming rich with just simply holding would really be definitely still needing up that significant amount that you would really be needing to be holding
specially if we do speak about those main coins like Bitcoin and some top altcoins in the market on which we could really be to assume out that their prices would really be shooting up but not something on
easy x10 or x100 on what we are thinking off. This is why some people would really be opting out on holding some altcoins that have less marketcap because they are really that hoping that they
could really be able to taste up some x100 or x1000 if they are lucky.

Its true that savings dont make money specially on fiat form but on the time that you would really be making use of it via doing investment then you would really be definitely be able to
utilize its usage on which you could really be able to make it as an advantage compared into those people who dont have some savings and this is one of the benefits once you do have this.

[darkangel11]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.

I don't agree. Saving makes a huge difference and I'll prove it to you.

You earn 1k a month (currency of your choice). All the bills and food cost you half of it and you're left with 500 to have some fun, invest, save up, or spend on more expensive fun products, like some better clothes, travels, hobbies. If you put that 500 in the bank and save it all very month, adding to a savings account, you'll have 6k in a year and that 6k will then earn you 5% a year, while you keep adding to the pile.

If on the other hand you spend it on stuff, take your woman to a fancy restaurant, fly to a warm country for the weekend, you will go through that 6k and have nothing left in the end, so it makes a huge difference if you're a saver or a spender.

[Furious 7]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.

In this condition although i prefer investment over saving but i dont consider that saving is a bad thing because after all everyone must have control in financial matters and saving also doesnt have to save money in the bank because in some areas there are those who still save and save the money they have in the traditional way by keeping it at home or in a place that they think is safe .

Saving can be one of the conditions where those who still think conservatively don't really like a complicated situation in banking even though in the end the money is also taken out of the bank but there are some conditions where they don't like banks for some reason so they save money in a conservative way too but it's not a bad thing even though for now especially gen Z, its like saving with decreasing value but for some reason saving can also make us have confidence that our future is a little more secure .

[Rockstarguy]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.

If you don't save how are you going to invest?  The money you will use to invest will it just come like that and start investing. Their are plans for investing , one of the first plans for investing is planning how to save .one needs to save to get a capital for investing. I believe in saving to invest, this is a method most people can use to meet up their plans with investment. Savings is only wrong when people save money and not having any good plans to invest this is when saving can be consider as a wrong financial plan.

As far as fiat is concerned it depreciate always and leaving it in the bank all in the name of saving is not a good idea. Money is not supposed in the bank for a longtime.  After saving for sometime the money is supposed to be used for investment and this will bring a better value than saving it for a longtime and not having any plans how the money can be used.

[oktana]

You are right. You cannot save yourself to wealth and no body has ever done that. If you want to be wealthy, you have to take on risks (investments). You can start off with one thing and eventually diversify so you can grow your knowledge and know more things to invest in. However, it’s okay to save (as long as you’re not hoping you’ll be rich by doing so).

Holding Bitcoin is an  investment. Imagine if you invested when it was cheaper, you’d have own private jets.

[Dewi Aries]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.

If you don't save how are you going to invest?  The money you will use to invest will it just come like that and start investing. Their are plans for investing , one of the first plans for investing is planning how to save .one needs to save to get a capital for investing. I believe in saving to invest, this is a method most people can use to meet up their plans with investment. Savings is only wrong when people save money and not having any good plans to invest this is when saving can be consider as a wrong financial plan.

As far as fiat is concerned it depreciate always and leaving it in the bank all in the name of saving is not a good idea. Money is not supposed in the bank for a longtime.  After saving for sometime the money is supposed to be used for investment and this will bring a better value than saving it for a longtime and not having any plans how the money can be used.

I agree with you, after all investments of course have to wait for the right time to be able to make a profit, whereas we live our daily lives where there is a possibility that we could have serious problems that we have to use money to overcome, and if we don't have savings but we have investment, perhaps the investment that is being carried out is one way to overcome the problems that occur. Even though saving can't make you rich because money doesn't grow by itself, that doesn't mean it's a bad thing. I think saving is good. In fact, not everyone can do it well. In my area, every school always provides savings services for students. his students.

I think saving is a must, even though it is saved in the bank, of course there will be deductions every month, where if we keep money in the bank for a long period of time then there will definitely be deductions. If you really want to save for the long term, it's better to save it yourself as long as you have a clear goal in mind. but it all comes down to each individual's choice.

[arimamib]

I think saving is a must, even though it is saved in the bank, of course there will be deductions every month, where if we keep money in the bank for a long period of time then there will definitely be deductions. If you really want to save for the long term, it's better to save it yourself as long as you have a clear goal in mind. but it all comes down to each individual's choice.

That is the a valid point about the potential drawbacks of saving money in a bank, particularly due to deductions over time. Saving in a bank offers security and convenience, but it needs alternative methods for long-term savings, especially if you have a clear goal in mind. Saving money outside of a traditional bank account provides more control over your finances and potentially higher returns on investment.

Saving independently allows for greater flexibility and customization in terms of financial planning. You have the freedom to explore various investment opportunities that may offer higher returns compared to traditional savings accounts. But saving money independently also comes with its own set of risks and responsibilities. Without the safety net provided by a bank, there's a heightened need for disciplined financial management and risk assessment.

[stomachgrowls]

I think saving is a must, even though it is saved in the bank, of course there will be deductions every month, where if we keep money in the bank for a long period of time then there will definitely be deductions. If you really want to save for the long term, it's better to save it yourself as long as you have a clear goal in mind. but it all comes down to each individual's choice.

That is the a valid point about the potential drawbacks of saving money in a bank, particularly due to deductions over time. Saving in a bank offers security and convenience, but it needs alternative methods for long-term savings, especially if you have a clear goal in mind. Saving money outside of a traditional bank account provides more control over your finances and potentially higher returns on investment.

Saving independently allows for greater flexibility and customization in terms of financial planning. You have the freedom to explore various investment opportunities that may offer higher returns compared to traditional savings accounts. But saving money independently also comes with its own set of risks and responsibilities. Without the safety net provided by a bank, there's a heightened need for disciplined financial management and risk assessment.

When it comes to security then there's no doubt that banks could really give out that kind of thing on which this is something that you cant be able to get on other services on which potential hack and loss of funds could happen but of course it would really be just that depending on how well you do really keep those security things in regarding into your wallet. Savings up on crypto in stable coins? You are in risks on depegging
and this is something that could really happen on crypto space and this is something  you should look. If you could be able to bare up with the risks then go for it specially if you do hate Banks.

In overall it would really be something worth and viable if we do make use of those savings into investment so that we could potentially be able to make it big.
Something worth for long term? Yes, but you should be wary about on the risks involved because not everything would really be coming or going smoothly.
There's always that accompanied risks of course.

[Uruhara]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Saving can still be useful if it is only done for the short term, such as to prepare an emergency fund which must always be ready to be used in emergency situations. But saving is not suitable for building financial strength or for developing one's economy if you want to have a better future. Because saving will only increase the amount of money we have but are not sure of its value. Because every year we also need to realize that more currency or fiat experiences a decrease in value due to inflation. So saving is not a tool to build our wealth. But it is only suitable to be done in the short term, such as to collect capital before we invest. So in essence, everything has its own benefits, but they must be in accordance with their respective functions and uses.

[poodle63]

You are right. You cannot save yourself to wealth and no body has ever done that. If you want to be wealthy, you have to take on risks (investments). You can start off with one thing and eventually diversify so you can grow your knowledge and know more things to invest in. However, it’s okay to save (as long as you’re not hoping you’ll be rich by doing so).

Holding Bitcoin is an  investment. Imagine if you invested when it was cheaper, you’d have own private jets.

honestly saving could still allows us to accumulate wealth good enough if our income is good in the first place like basically with salary of $200k definitely viable way to save living frugally could get us to become a millionaire within few years at least thats how it should be from theory.
but i agree though had the money saved also being reinvested even compounding investment on top of that it will become millions in no time we all know investing is a way to grow wealth now accumulate meanwhile saving is just accumulating in literal means, basically doesn't add additional wealth it just accumulate of what we should be having into one place.
meanwhile with investment we all know if we have invested in bitcoin from long ago, we probably already grow our capital to another level.

[oktana]

You are right. You cannot save yourself to wealth and no body has ever done that. If you want to be wealthy, you have to take on risks (investments). You can start off with one thing and eventually diversify so you can grow your knowledge and know more things to invest in. However, it’s okay to save (as long as you’re not hoping you’ll be rich by doing so).

Holding Bitcoin is an  investment. Imagine if you invested when it was cheaper, you’d have own private jets.

honestly saving could still allows us to accumulate wealth good enough if our income is good in the first place like basically with salary of $200k definitely viable way to save living frugally could get us to become a millionaire within few years at least thats how it should be from theory.
but i agree though had the money saved also being reinvested even compounding investment on top of that it will become millions in no time we all know investing is a way to grow wealth now accumulate meanwhile saving is just accumulating in literal means, basically doesn't add additional wealth it just accumulate of what we should be having into one place.
meanwhile with investment we all know if we have invested in bitcoin from long ago, we probably already grow our capital to another level.

No matter how much you earn as a salary, you can’t save your way to wealth. You need to first understand that there’s a difference between being wealthy and being rich. If you save, you may be rich but you’ll start growing wealth when you start investing that money or find something that solidly and consistently prints you money. You can get fired from your job. But the source of a wealthy man is usually connected to things that can’t fail, and that’s why they become wealthy.

[passwordnow]

No matter how much you earn as a salary, you can’t save your way to wealth.

It goes with a process that you can save into wealth but as I've said, it goes a process and definitely you have to do something with that. Aside from being frugal, you also need to invest that because it's not just going to grow on its own. Depending on how much the salary is, you also have a lot of expenditures that you need to keep up and your lifestyle will also matter on how much is going to be left on you. But in end, it depends on how the person will fight his own battle through finances.

You need to first understand that there’s a difference between being wealthy and being rich. If you save, you may be rich but you’ll start growing wealth when you start investing that money or find something that solidly and consistently prints you money. You can get fired from your job. But the source of a wealthy man is usually connected to things that can’t fail, and that’s why they become wealthy.

I agree, that's one thing for having a job. Another pandemic comes, your company will drop in sales and lay offs are going to happen. That's not a permanent thing in life but if you're able to save a lot of assets which will make you wealthy, you don't have to be dependent with these companies but you know, it takes time and a lot of effort to be in that part because if you're not a keeper or a saver then definitely you won't be an investor as these characters are tied up to each other and that makes sense why someone who's wealthy is also a good saver and investor.

[ndutndut]

So true. saving will not produce wealth because money saved in savings cannot increase and instead loses its value. Even if there are benefits that can be obtained from annual savings interest, they are not very significant. This is different from investment, although it has a big risk, this is proportional to the profits you will get in the future and of course in making an investment you need knowledge and skills in choosing the coins you want to invest.

However, we need to have both because savings can be used to allocate reserve funds, just in case to meet daily needs. With savings, you will also have easy access when you need it. Meanwhile, investing for long-term needs and investments can also create financial freedom in the future.

[arufox]

In my opinion, saving will not make us rich because saving is basically just the remaining income that has not been used and saved. To become rich we must try to increase our income, either by working, investing, adjusting expenses, and learning to manage finances carefully and wisely. Therefore, a good mindset is to get rich first and then save, not to save to become rich.

[justdimin]

Well, this is for my opinion, and it's just an opinion. When you are in crypto and you are a long-term investor, when you accumulate Bitcoin or any of the top crypto in the market for a few years that you don't sell, it is worth it. You are making savings for your future. This is different from our usual savings, which can be x10 up to 100x, and if you are lucky, even x1000.

What if it becomes 0x? We all know that if cryptocurrencies can go up in price, they can go down as well. So if you invest your savings in cryptocurrencies, your savings will have the potential to either gain multiple folds of profit on top or lose complete value if invested in altcoins considering how risky they can be sometimes. So I wouldn't recommend this sort of savings as it isn't savings, it is an investment.

And when that happens, you suddenly become rich; this is what is called holding a millionaire because you hold potential altcoins that are top-listed in the market.

One should have realistic expectations and shouldn't build skyscrapers in the air. I know that it's possible to earn profits on cryptocurrency investments, but one should only think about getting profits and shouldn't think that they are going to get rich from it because that doesn't happen with everyone.

[pusaka]

In my opinion, saving will not make us rich because saving is basically just the remaining income that has not been used and saved. To become rich we must try to increase our income, either by working, investing, adjusting expenses, and learning to manage finances carefully and wisely. Therefore, a good mindset is to get rich first and then save, not to save to become rich.

If you wait until you are rich and start saving, then the question is, when will we feel truly rich? Don't get me wrong, everyone has a definition of rich and we have different ideas about the amount of money to feel like we are rich. So in my opinion you don't have to wait to be rich to save.
There is a saying that says, "saving becomes rich", actually I agree that saving will not make us rich, but here it is not just a saying, but there is something that we must understand more deeply. For example, getting into the habit of saving requires us to be more frugal, so that we can set aside money. I think this should no longer be a debate if we want to be rich then we have to work hard and work smart. What I mean by working smart here is that we can produce without having to spend a lot of energy, I'm sure you understand that.

[niall51]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

It's true that saving makes us poorer. The concept that all this time it's wrong to save from being rich is wrong. If we keep saving, our money will slowly be eaten up by what is called inflation, indeed the nominal value will increase, but the exchange rate of money won't be very different because fiat has no maximum limit. print continuously

[Ryu_Ar1]

It's true that saving makes us poorer. The concept that all this time it's wrong to save from being rich is wrong. If we keep saving, our money will slowly be eaten up by what is called inflation, indeed the nominal value will increase, but the exchange rate of money won't be very different because fiat has no maximum limit. print continuously

Even though what you said isnt wrong about the concept of saving especially when we save in a bank, we still have to put aside our money in our savings to cover the needs of life that we have every day.

Regardless of whether saving money will only make us poor or not in the end we also have to see the positive side in the matter of saving money.
At least in this case with the savings we can anticipate the needs that come unexpectedly.Indeed in terms of value it will definitely be greatly reduced especially when inflation and recession are happening everywhere, so we already know that the value of money will continue to be eroded by the times, but in the end, we also have to have savings in this case because it is a financial management that must be done .

When talking about saving and investing most people who are here will choose investment as their initial target but need to realize that investment is a condition that requires us to be in a period that is sometimes longer so that to compensate for the needs we have then there must be savings that we have to support our life needs to continue to survive.

[topbitcoin]

It's true that saving makes us poorer. The concept that all this time it's wrong to save from being rich is wrong. If we keep saving, our money will slowly be eaten up by what is called inflation, indeed the nominal value will increase, but the exchange rate of money won't be very different because fiat has no maximum limit. print continuously

Even though what you said isnt wrong about the concept of saving especially when we save in a bank, we still have to put aside our money in our savings to cover the needs of life that we have every day.

Regardless of whether saving money will only make us poor or not in the end we also have to see the positive side in the matter of saving money.
At least in this case with the savings we can anticipate the needs that come unexpectedly.Indeed in terms of value it will definitely be greatly reduced especially when inflation and recession are happening everywhere, so we already know that the value of money will continue to be eroded by the times, but in the end, we also have to have savings in this case because it is a financial management that must be done .

When talking about saving and investing most people who are here will choose investment as their initial target but need to realize that investment is a condition that requires us to be in a period that is sometimes longer so that to compensate for the needs we have then there must be savings that we have to support our life needs to continue to survive.

Well, thoughts and behavior like this are what keep someone in trouble. Where he uses his savings to meet his daily needs, and instead of increasing his savings, his savings decrease day by day. And quite a few people behave like that, where they use their savings to meet their needs for the next few days, while the basic salary they earn is used to pay installments and bills. And in the end, savings become increasingly low and even run out, so when faced with an emergency situation the final choice is to take out a loan and pile up bills. This can make you experience difficulties in the long term and worse, it can result in you being in debt.

And talking about savings should be in line with what you said in the second paragraph, that the purpose of saving is to use it as an emergency fund if you are faced with an urgent situation that must be hastened. and it's true what you said, that saving is no less important than investing. Because by having savings, this can help keep our investments safe.

[Cookdata]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Saving is one world on its own and investment is another world on its own, they don't have much of a relationship, but as much as savings don't make wealth, you need it even while making wealth with investments. How many billionaires among the forbe 100  richest men we have today are salary earners today and depend on pay checks, they are most entrepreneurs and people with companies that solve real-life problems with credible solutions, even salaries are now difficult for an average man to make a living, you can't survive only on one salary today and have a comfortable lifestyle, you have to combine them together to be able to sort out the basic things of life.
 
Just know that having a single investment doesn't mean you can't be wealthy as you describe on your second paragraph. We have people that were fortunate to buy Bitcoin when it was less than $30 and today they are still holding on to the investments they have made many years ago, they are super rich with that alone but they chose to live a normal life as if they have nothing and they have never in their lifetime sell any sats from their investment to reinvest in other business and they are living fine.

[mirakal]

In my opinion, saving will not make us rich because saving is basically just the remaining income that has not been used and saved. To become rich we must try to increase our income, either by working, investing, adjusting expenses, and learning to manage finances carefully and wisely. Therefore, a good mindset is to get rich first and then save, not to save to become rich.

I have to disagree when you say one has to be rich first and then start saving. Note that there is no minimum in saving, so even a beggar can save if he’s really determined to. But saving alone cannot be reliable enough if our goal is to become rich. We need to save and invest, and once profits are established, reinvest again but probably to other investments as well.

Financial management is also a must. One is not destined to become rich if he is not a good saver, and makes a wise budgeting that won’t compromised his basic wants and needs. And most importantly, one should know the value of every centavo so that he won’t waste any opportunity when it comes to investing most especially in promising investments like bitcoin and crypto as a whole.

[Gormicsta]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

You're completely right! Saving money will make you feel like you are on top of the world, but you will not stay there indefinitely. To properly accumulate wealth, you must put on your investor hat and begin making your money contribute to you.

Savings can provide peace of mind and help you deal with crises, but they will not help you reach your financial goals, such as purchasing a home or generating generational wealth. That's where investing comes in, with the potential for larger returns over time provided you pick investments that are suitable and handle them using a long-term perspective. certainly there will be challenges and obstacles along the way, but if you continue with it, you may leave a lasting impression for your loved ones.

[uneng]

In my opinion, saving will not make us rich because saving is basically just the remaining income that has not been used and saved. To become rich we must try to increase our income, either by working, investing, adjusting expenses, and learning to manage finances carefully and wisely. Therefore, a good mindset is to get rich first and then save, not to save to become rich.

I have to disagree when you say one has to be rich first and then start saving. Note that there is no minimum in saving, so even a beggar can save if he’s really determined to. But saving alone cannot be reliable enough if our goal is to become rich. We need to save and invest, and once profits are established, reinvest again but probably to other investments as well.

Financial management is also a must. One is not destined to become rich if he is not a good saver, and makes a wise budgeting that won’t compromised his basic wants and needs. And most importantly, one should know the value of every centavo so that he won’t waste any opportunity when it comes to investing most especially in promising investments like bitcoin and crypto as a whole.

Indeed, everyone can save and should start doing this as soon as possible on their lives, so as consequence, they will be also able to start investing the saved sums of money sooner. Unfortunatelly, we can't choose being born rich, so we have to do the best we can with the tools and opportunities we have under our disposal.

It's true a rich individual will be able to grow his savings into profitable investments much quicker than an average citizen who has a limited income to invest. However, it doesn't mean average citizens should give up on savings and investments for that reason. Even if return is low, they have to persue it, anyway. Step by step they can achieve something better in the future if they are persistant on it.

I believe in life we have to keep trying to overcome challenges and to fulfill goals. That is what moves life further. And even if we fail after all, at least we failed trying, instead of resigning ourselves to a mediocre life of stagnancy and conformism.

[Ryu_Ar1]

Even though what you said isnt wrong about the concept of saving especially when we save in a bank, we still have to put aside our money in our savings to cover the needs of life that we have every day.

Regardless of whether saving money will only make us poor or not in the end we also have to see the positive side in the matter of saving money.
At least in this case with the savings we can anticipate the needs that come unexpectedly.Indeed in terms of value it will definitely be greatly reduced especially when inflation and recession are happening everywhere, so we already know that the value of money will continue to be eroded by the times, but in the end, we also have to have savings in this case because it is a financial management that must be done .

When talking about saving and investing most people who are here will choose investment as their initial target but need to realize that investment is a condition that requires us to be in a period that is sometimes longer so that to compensate for the needs we have then there must be savings that we have to support our life needs to continue to survive.

Well, thoughts and behavior like this are what keep someone in trouble. Where he uses his savings to meet his daily needs, and instead of increasing his savings, his savings decrease day by day. And quite a few people behave like that, where they use their savings to meet their needs for the next few days, while the basic salary they earn is used to pay installments and bills. And in the end, savings become increasingly low and even run out, so when faced with an emergency situation the final choice is to take out a loan and pile up bills. This can make you experience difficulties in the long term and worse, it can result in you being in debt.

And talking about savings should be in line with what you said in the second paragraph, that the purpose of saving is to use it as an emergency fund if you are faced with an urgent situation that must be hastened. and it's true what you said, that saving is no less important than investing. Because by having savings, this can help keep our investments safe.

Hey don't forget the purpose of savings is to make our lives more awake and if our life needs are indeed being constrained then it is not wrong to use the savings we have because that is one of the uses of the savings we have. Because in the end when talking about emergency funds it is universal and daily needs also if it is not fulfilled it has become an emergency for our life support so it is not wrong to use the savings we have as long as we can survive in life even though in the end this is only done when it is very urgent but we do not have to torture ourselves when our daily needs are not met as long as the money in savings is still there then use it because it is one of the functions where we save money.

[Cryptomultiplier]

Even though what you said isnt wrong about the concept of saving especially when we save in a bank, we still have to put aside our money in our savings to cover the needs of life that we have every day.

Regardless of whether saving money will only make us poor or not in the end we also have to see the positive side in the matter of saving money.
At least in this case with the savings we can anticipate the needs that come unexpectedly.Indeed in terms of value it will definitely be greatly reduced especially when inflation and recession are happening everywhere, so we already know that the value of money will continue to be eroded by the times, but in the end, we also have to have savings in this case because it is a financial management that must be done .

When talking about saving and investing most people who are here will choose investment as their initial target but need to realize that investment is a condition that requires us to be in a period that is sometimes longer so that to compensate for the needs we have then there must be savings that we have to support our life needs to continue to survive.

Well, thoughts and behavior like this are what keep someone in trouble. Where he uses his savings to meet his daily needs, and instead of increasing his savings, his savings decrease day by day. And quite a few people behave like that, where they use their savings to meet their needs for the next few days, while the basic salary they earn is used to pay installments and bills. And in the end, savings become increasingly low and even run out, so when faced with an emergency situation the final choice is to take out a loan and pile up bills. This can make you experience difficulties in the long term and worse, it can result in you being in debt.

And talking about savings should be in line with what you said in the second paragraph, that the purpose of saving is to use it as an emergency fund if you are faced with an urgent situation that must be hastened. and it's true what you said, that saving is no less important than investing. Because by having savings, this can help keep our investments safe.

Hey don't forget the purpose of savings is to make our lives more awake and if our life needs are indeed being constrained then it is not wrong to use the savings we have because that is one of the uses of the savings we have. Because in the end when talking about emergency funds it is universal and daily needs also if it is not fulfilled it has become an emergency for our life support so it is not wrong to use the savings we have as long as we can survive in life even though in the end this is only done when it is very urgent but we do not have to torture ourselves when our daily needs are not met as long as the money in savings is still there then use it because it is one of the functions where we save money.

Clearly, DCA strategy of investment is kind of a savings plan for the duration one intends to DCA.
Savings or not, I think what matters and should matter most is what the purpose of saving is to one.
That is, one can intend to save to purchase an asset or invest in an idea or pay for a trip or pay for health care or for some other reasons that sums up as an achievable long or short term goal in the end.

I don't think the purpose of saving should be for a life time. Afterall, when one does leave this realm for eternity, the money saved will be claimed by a family or the government or anyone lucky enough to know such a person. So why should there be a hard rule about saving?

It's a good discipline though and can help one fulfil goals that could be investments that ensure both present and future generational wealth.

[SmartCharpa]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.

In the present economic situation, saving money is not a good idea. Instead of saving it in a bank account for a year, it would be better for us to invest it in a safer option such as bitcoin, because many people are out there who can saved money for a year. Even though we decide to save for a year, we cannot see the exact amount we saved because the bank will removed their monthly fees. Then what is the value of money that is saved in the bank? I've always believed that saving money is something better suited for olden times, not for the current one, as everyone is searching for ways to increase their income. We cannot just save for a few months without making no profit. Investing in quality assets will help us build ourselves. If we earn from bitcoin, we should be patient and purchase more of it.

[God bless u]

Yeah it's a better talk but only to an extent. For investing you have to save something for sure otherwise what you'll invest. But saving larger amounts in the banks is something to think about. Saving larger amounts doesn't make you richer that's a fact but you need to learn the skill of investments. You can't just go down the market and invest your savings and say that it'll be a good profit now rather than keeping them in a bank I have made the right decision to invest. If your investment fails you'll get into a worse situation even more than the previous one.

So do the research and invest in the right direction. Once you are completely satisfied that you'll make profit into something then only invest. You should only invest the amount of money you don't need in the near future so that if the need for a long hold arises you should be able to do that to make profits.

[CageMabok]

It's true that saving makes us poorer. The concept that all this time it's wrong to save from being rich is wrong. If we keep saving, our money will slowly be eaten up by what is called inflation, indeed the nominal value will increase, but the exchange rate of money won't be very different because fiat has no maximum limit. print continuously

However, that doesn't mean everyone has to forget about it by spending all their money every day on anything. Because every person who wants to achieve success by becoming rich in the future, of course must know how to allocate his money and determine how to use it in several important things that can produce more than the amount he saves.

You can see several examples that are closest to everyone's life, such as investing in several aspects and saving spare money for your life journey so that all the investments you make can be maintained very well without any interference from anything. So don't think that saving is not important as long as you can still use it for more important things because from this everyone can also get capital to do more good things in their life with goals for the future.

[moneystery]

Saving is one world on its own and investment is another world on its own, they don't have much of a relationship, but as much as savings don't make wealth, you need it even while making wealth with investments.

....

that's true, even though saving and investing are two different things, both of them are important even when you have gained wealth from investing. because no matter how rich you want to be, saving is something that is needed by all rich people, because you need fresh money for your urgent needs, whether because of illness or any other urgent need. because you can't always withdraw your money from your account, you need savings that you can use at any time.

[Porfirii]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.

I don't agree. Saving makes a huge difference and I'll prove it to you.

You earn 1k a month (currency of your choice). All the bills and food cost you half of it and you're left with 500 to have some fun, invest, save up, or spend on more expensive fun products, like some better clothes, travels, hobbies. If you put that 500 in the bank and save it all very month, adding to a savings account, you'll have 6k in a year and that 6k will then earn you 5% a year, while you keep adding to the pile.

If on the other hand you spend it on stuff, take your woman to a fancy restaurant, fly to a warm country for the weekend, you will go through that 6k and have nothing left in the end, so it makes a huge difference if you're a saver or a spender.

I don't agree either for most cases, as saving is a more clever strategy than spending, of course, but we should take into account that in some countries inflation is so high that you'd better spend your money before you lose the spending power. Of course, investing in a reserve of value is a better strategy in these cases, but investment also poses risks by definition.

I think we cannot generalize and we would have to analyze case by case depending on the different circumstances.

[lixer]

Saving takes a lot of effort and does not work anymore because everything is becoming more expensive. And this demonstrates that while saving is beneficial, it should not be the exclusive focus of any investment. Savings without a purpose is not a plan. That is the disadvantages of relying of savings in the future there will be no increase. Bitcoin is a very good option to consider because you have control over your money and if the price of bitcoin is going up the same way your money will increase. Which will you prefer. Doing comparison won't favour but do your own research so that you can decide what exactly you want to do because if you look at it bitcoin might not favor you. If its bitcoin you will do bitcoin and if it is gold you do gold as far as your money is not laying there dormant. If they want to invest they should build there knowledge first then other thing should come second.

No, it does not take a lot of effort because you only need to put money in your vault or piggy bank. You can also simply leave some of your money untouched in your wallet, and that's it, that act is already called as saving. Saving will always work but it's just that it is now hard to save because like you said things are now becoming more expensive.

Saving and investment are two different things but both are beneficial, especially savings if done right because there are assets that are not good enough and then not all investors have the knowledge, patience, etc... Saving and planning are I think also not the same but when we save we must also have a plan to that money.

[TEBTC]

The truth of the matter is that investing is the foundation upon which wealth is created, yes It is true that saving is a good attribute in the life of individuals but you can't go far with such mindset
Those who owns the biggest companies and are wealth creators in the world today didn't get there by saving their monies but they invested it and got returns on their investment

[passwordnow]

that's true, even though saving and investing are two different things, both of them are important even when you have gained wealth from investing. because no matter how rich you want to be, saving is something that is needed by all rich people

Many of the rich don't really save at all but their savings are into their assets and investments as long as they're liquid and easy to get sold. I think that's the new way of saving today but as they believe on what's with the cash, they're telling that it's still king and there's no argument with that because even if we're into crypto and holds Bitcoin, we still need cash for our expenses and that's why some that are putting it into assets and many of them are still saving for whatever they need.

because you need fresh money for your urgent needs, whether because of illness or any other urgent need. because you can't always withdraw your money from your account, you need savings that you can use at any time.

This is true, and this is the reason why many are saving and it's for emergencies or any important expenses that are unforeseen. That's why many of us should still save like 6-12 months worth of our salary for unexpected things and these are called emergency funds. It may not sound good to hear at all but it's best to always be prepared with these matters because no matter how wealthy you are, you have no control above these unexpected events.

[BABY SHOES]

The truth of the matter is that investing is the foundation upon which wealth is created, yes It is true that saving is a good attribute in the life of individuals but you can't go far with such mindset
Those who owns the biggest companies and are wealth creators in the world today didn't get there by saving their monies but they invested it and got returns on their investment

By making investments you can get rich, from this path will lead to its foundation.
Saving money will only feel safe when they need it but saving money will never grow.

Like Bill Gates, Elon Musk and others who own big companies and therefore invest more than saving in fiat, there is no history of saving money to become rich.

People who dare to take risks, then make sure he will become rich in the future because of his investment.

[Humblevirus]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.

I totally disagree with these, even though I don’t know your reason, but whatever reason you have, I don’t believe that savings don’t make someone wealthy. Investment is also good, but in times of saving for emergencies and some other stuff, I believe savings are better. However, you can still allocate some amount of money for emergencies, food items, and other necessary things that you need to do for yourself or your family, and then send the remaining money to your savings account.

Anybody who says that savings made them poor is poor because they didn’t have a plan for what they earned; if not, why will you be poor because you saved money? That doesn’t make any sense to me. I think someone should focus on whether investment or saving is a matter of choice, and I think that is what you suppose to say from the first because that is where I think your discussion is heading, but you did not say it openly that everybody will understand. 

[bettercrypto]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Saving fiat for the future and saving bitcoin as fiat is a big difference. Because of fiat, if you save it in your house, you won't put it in the bank. The only thing that will be a fight there is a 1:1 ratio. The only advantage is that you can use the savings anytime during emergencies, although the non-it's just nice that we can also use it for useless things because the money is hidden in your house. If you put it in the bank with only a small interest, then you can't just take out all your money.

Unlike with bitcoin, it can happen that the capital in the future can be doubled or more because of the volatility it has. Second,  you can also trade it on any exchange in this field of the crypto industry.

[dunfida]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Saving fiat for the future and saving bitcoin as fiat is a big difference. Because of fiat, if you save it in your house, you won't put it in the bank. The only thing that will be a fight there is a 1:1 ratio. The only advantage is that you can use the savings anytime during emergencies, although the non-it's just nice that we can also use it for useless things because the money is hidden in your house. If you put it in the bank with only a small interest, then you can't just take out all your money.

Unlike with bitcoin, it can happen that the capital in the future can be doubled or more because of the volatility it has. Second,  you can also trade it on any exchange in this field of the crypto industry.

Storing up some cash into your own home and wont really be tending to make use of Banks then it would be on someones choice though but its true that when it comes to possible situations is that on the time that you do make your own home as storage with your fiat then risks on spending it would really be high specially into those things which arent supposed to be bought or something that would be needing to deal with.
Even on how much we do hate up banks but when it comes to security that it do gives that kind of assurance at least that your money is safe but of course it would be having its cons too
in comparing when it comes to potential increase or profits overtime.

This is why some people would really be opting on having those kind of savings on crypto form.Why? It is surely because of its income or profit potential on just simply holding it on a period of time
whether going for short term or long term then it would really be that matter for you. It is really just that impossible that someone couldnt be able to determine
on which one is worth and which one it isnt.

[Ryu_Ar1]

Hey don't forget the purpose of savings is to make our lives more awake and if our life needs are indeed being constrained then it is not wrong to use the savings we have because that is one of the uses of the savings we have. Because in the end when talking about emergency funds it is universal and daily needs also if it is not fulfilled it has become an emergency for our life support so it is not wrong to use the savings we have as long as we can survive in life even though in the end this is only done when it is very urgent but we do not have to torture ourselves when our daily needs are not met as long as the money in savings is still there then use it because it is one of the functions where we save money.

Clearly, DCA strategy of investment is kind of a savings plan for the duration one intends to DCA.
Savings or not, I think what matters and should matter most is what the purpose of saving is to one.
That is, one can intend to save to purchase an asset or invest in an idea or pay for a trip or pay for health care or for some other reasons that sums up as an achievable long or short term goal in the end.

I don't think the purpose of saving should be for a life time. Afterall, when one does leave this realm for eternity, the money saved will be claimed by a family or the government or anyone lucky enough to know such a person. So why should there be a hard rule about saving?

It's a good discipline though and can help one fulfil goals that could be investments that ensure both present and future generational wealth.

I think this is out of the context of my discussion and @top bitcoin because after all even if what you say makes sense but i didnt discuss investment strategies before and its necessary to understand the purpose of saving is also not only for investment cause saving and investment are 2 different things and it cant be equated . As for when the results of savinga are use as an investment for the future with the DCA scheme that you described it depends on their respective choices if that is indeed an option because in the end, not everyone who saves is thinking about investing for themselves .
Saving is not for life because after all we only save to make our quality of life a little more directed at least, we still have money saved when we are in a difficult condition even though in the end the choice of saving for life or not also depends on people perspectives because there are still many people who are already at retirement age still saving to support their families such as children and grandchildren for the future.

[shinratensei_]

Saving is one world on its own and investment is another world on its own, they don't have much of a relationship, but as much as savings don't make wealth, you need it even while making wealth with investments.

....

that's true, even though saving and investing are two different things, both of them are important even when you have gained wealth from investing. because no matter how rich you want to be, saving is something that is needed by all rich people, because you need fresh money for your urgent needs, whether because of illness or any other urgent need. because you can't always withdraw your money from your account, you need savings that you can use at any time.

rich people left all the urgent things to insurance I presume mainly because they always have all those things covered and it could be like a jackpot I guess to claim some of their belongings that somehow got damaged by the insurance that covers.

but quite honestly you can just save up in form of bitcoin and its liquidity is abundant enough for you to be able to withdraw it at some point when you truly needs it.
that way you can get the benefit of investing that is probably the doubled capital as well as the ease of mind having investment that can liquidated just as easy as liquidating foreign currency.
therefore its not truly a different world with saving, i've seen many people that outright invested their saving and it has given them good returns they are even more relieved that they got something to hold onto for emergency cases and double the amount at that.

[BD Technical]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Yes, your logic is fine but the service of a cut off person has no idea how to invest his money and what to do in that case they have no way to do anything except their savings.  But if you see Bitcoin investors like you or me who understand or understand when investing in Bitcoin will make a profit or when it will lose, those who invest with risk can actually do or save as much profit.  If you save, do you have a little capital saved and did you keep some of your savings from your candidate, which will give you some money to your elder sister in the future or help you in future or in danger.  In that case, if you invest with your moderation, you will not get any support for your future, or if you are ashamed of the loss, then you will become a fakir.

[Winterfrost]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

the decision to either save or invest depends solely on how much you have. There are amount you will have that can't go well with investing and might even look foolish if you're trying to do so. You can save to invest later and it might be one of the best way to relate saving and investing. If you have a project of $500 you need to execute within one month and your earning per week is around $200. You can't make investment with your extra income in such scenario. What you need do is to save of an amount that could easily accumulate into the desired $500 at the end of the month. If you invest the money I to Bitcoin hoping to sell back at the end of the month, you can't really tell what will happen at the end month knowing that it could possibly happen that Bitcoin is gaining or loosing and because you wouldn't want to gamble with the reality that awaits you at the end of the month, its only best you save up and shun any form of investment that's short termed and wouldn't give you the desired peace of mind you're looking for.

Making investment should come in at the stage you're looking out for a five to ten year interval of time and that's when you are talking about long term investments that's aimed at creating wealth. 

[Zoomic]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

the decision to either save or invest depends solely on how much you have. There are amount you will have that can't go well with investing and might even look foolish if you're trying to do so. You can save to invest later and it might be one of the best way to relate saving and investing. If you have a project of $500 you need to execute within one month and your earning per week is around $200. You can't make investment with your extra income in such scenario. What you need do is to save of an amount that could easily accumulate into the desired $500 at the end of the month. If you invest the money I to Bitcoin hoping to sell back at the end of the month, you can't really tell what will happen at the end month knowing that it could possibly happen that Bitcoin is gaining or loosing and because you wouldn't want to gamble with the reality that awaits you at the end of the month, its only best you save up and shun any form of investment that's short termed and wouldn't give you the desired peace of mind you're looking for.

Making investment should come in at the stage you're looking out for a five to ten year interval of time and that's when you are talking about long term investments that's aimed at creating wealth. 

Savings can only be an option when you have a short term project you are pursuing. To get benefits from any investment,  you must be willing to wait for a very long period of time, usually a year or more. This is to say, savings is short term while investment is for the future. Many people fail financially because they save when they are supposed to invest and get good returns from their investment and invest when they are supposed to just save to accomplish a specific project at that time.

A person who has an idle $1,000 in FIAT and  decides to save that amount for the future will be disappointed later in the future when he gets to realise that the value of that $1,000 has dropped as a result of inflation. It is as better as not saving at all than going home with a devalued $1,000. The best option available was investing.

Same applies to a person who has just $500 in FIAT he intends to use to complete a project at the middle of the year, but decides to invest that amount and withdraw same when he is ready. The investment might not be viable as losses are bound to occur within a short period of investing. Investments need time to grow, so just saving for the project would have been the best option.

[ThePromise]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

the decision to either save or invest depends solely on how much you have. There are amount you will have that can't go well with investing and might even look foolish if you're trying to do so. You can save to invest later and it might be one of the best way to relate saving and investing. If you have a project of $500 you need to execute within one month and your earning per week is around $200. You can't make investment with your extra income in such scenario. What you need do is to save of an amount that could easily accumulate into the desired $500 at the end of the month. If you invest the money I to Bitcoin hoping to sell back at the end of the month, you can't really tell what will happen at the end month knowing that it could possibly happen that Bitcoin is gaining or loosing and because you wouldn't want to gamble with the reality that awaits you at the end of the month, its only best you save up and shun any form of investment that's short termed and wouldn't give you the desired peace of mind you're looking for.

Making investment should come in at the stage you're looking out for a five to ten year interval of time and that's when you are talking about long term investments that's aimed at creating wealth. 

Savings can only be an option when you have a short term project you are pursuing. To get benefits from any investment,  you must be willing to wait for a very long period of time, usually a year or more. This is to say, savings is short term while investment is for the future. Many people fail financially because they save when they are supposed to invest and get good returns from their investment and invest when they are supposed to just save to accomplish a specific project at that time.

Yeah, that's right. Savings are only for short-term needs like monthly expenses and some emergency funds where we can easily get the money we have saved, but when it comes to savings, don't expect the money you save to grow because if it is in your bank deposited, the earned interest they give is very low.  it's not like an investment that has a short or long term called, wherein your money will grow but you can't just get it because mostly with investments, there is time period when you can get your money or what they called "dividends".

[viananda2525]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Yes, your logic is fine but the service of a cut off person has no idea how to invest his money and what to do in that case they have no way to do anything except their savings.  But if you see Bitcoin investors like you or me who understand or understand when investing in Bitcoin will make a profit or when it will lose, those who invest with risk can actually do or save as much profit.  If you save, do you have a little capital saved and did you keep some of your savings from your candidate, which will give you some money to your elder sister in the future or help you in future or in danger.  In that case, if you invest with your moderation, you will not get any support for your future, or if you are ashamed of the loss, then you will become a fakir.

Yes this will always be a debate where everyone considers his statement to always be true. I see the concept of saving or investing it clearly has a different meaning and is carried out by different people in thought. If someone has enough money and he is a businessman then he tends to return to a round of money on the business and seems difficult for others who do not have a passion for the business.

As for an employee and he can only work for others, he prefers to save and for him it is the best way to secure his money. But if we judge which is better, it is very clear that investment is the right step that must be taken, but it also depends on the character of the person who wants to carry it out.

[junder]

Yes this will always be a debate where everyone considers his statement to always be true. I see the concept of saving or investing it clearly has a different meaning and is carried out by different people in thought. If someone has enough money and he is a businessman then he tends to return to a round of money on the business and seems difficult for others who do not have a passion for the business.

As for an employee and he can only work for others, he prefers to save and for him it is the best way to secure his money. But if we judge which is better, it is very clear that investment is the right step that must be taken, but it also depends on the character of the person who wants to carry it out.

that's true, saving and investing certainly have different meanings, in my opinion most parents must educate their children when they are young to save, because in my opinion saving is not a bad thing, although saving doesn't make you rich because it's the money you save. will not increase by itself, unlike investment. but in my opinion saving is also a necessity in life, of course we live in a reality that has its ups and downs, so there may be problems or disasters that have to be handled with money that may be large. and if that happens but we don't have any money saved then the next step is likely to take out a loan which obviously could have interest over time.

and also in my opinion, to make an investment, it feels like we have to save a lot of money, because it is impossible to invest with the money we have. I agree with you that a good step is to invest, but of course not everyone can do it, saving is also only done by people who have good money management, if they don't have good money management then chances are they won't save and Saving is also possible for people who have stable finances.

[AYOBA]

I'll state that saving money can definitely help someone become wealthy because some people actually do save money on their homes or in their bank accounts. People who enjoy saving money are individuals who, more often than not, have other enterprises that provide them with additional income. They ensure that, each time they return from the market, they set aside a certain amount for their savings kits, which help them in their daily lives. What do you think this person will ultimately come up with at end of day?

That is why some people do not understand how certain people get wealthy, they are unaware that conserving a small portion of one's earnings can lead to prosperity. Some people dislike investing because there will come a moment when they will invest all of their money only to regret it when they need it. Wherever you invest, things will not move as usual, as if everything is built up so that selling it may result in a loss of money, which is why so many people avoid investing and prefer to preserve their money in their account.

[Youngkhngdiddy]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

 
 It depends on how much money you save each month, it is completely possible, but it will take a very long time, assuming by the time you are 70 years old, the amount of money you have saved is enough to make you rich, now you are no longer healthy enough to enjoy the pleasures of that money. Saving cash is a sound strategy, but if you want more in your golden years, you occasionally need to step outside your comfort zone and take chances. So I recommend you to invest in stocks or real estate, you decide whether or not to do it. It's not always easy to get wealthy through investing; you need to have practical knowledge, experience, and be willing to take significant risks. As a result, many people struggle and lose out on possibilities enrich. If you have no experience with investing, don't panic; there are plenty of materials and courses that can assist you. Don't hesitate to educate yourself so that you won't regret missing the chance. Prior to investing in the things that provide revenue, invest in yourself.
 Savings alone are unlikely to make you rich in just one year. Getting rich usually means accumulating wealth through a combination of savings, investments, and income over a period of time. Savings are an important part of building wealth, but how much you can save each year depends on your income, expenses, and financial goals. Even if you save a good chunk of your income, it can take years to accumulate enough wealth to be considered "rich." In order to increase the chances of wealth building, it is important not only to save money but also to invest wisely. Investing is risky, but you can grow your money faster than you can save it. Additionally, increasing your income through extra work, entrepreneurship, or other means can help accelerate your wealth-building efforts.

[Obari]

  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

You did great with your writing but it seems you’re really against bitcoin and I want to also remind you that, no matter how much investment you have, you can also still misuse it and stop limiting all these stuffs to just bitcoin and cryptocurrency in general.
I think you’re actually the one getting the concept of savings wrong especially with bitcoin and one funny thing about savings, is the fact that it doesn’t rise but just stay there for you which isn’t the case with bitcoin and I think anyone holding bitcoin is already investing since the concept of investment involves risk and uncertainty which holding bitcoin does possesses as it might rise to profit or fall to loss.

I understand the principle and idealogy of diversification but speaking ill of bitcoin isn’t the right approach to preaching diversification.

[Miles2006]

Investment and saving all has to do with money, I will not just mention investing without choosing a right asset. The idea of investment should come with a right asset, choosing an asset for investment seems difficult so it's best to choose wisely. From my perspective, saving do actually make wealth with the right choice, let's be specific about saving, I can decide to save half of my wealth by purchasing a land or accumulating bitcoin for future use. Saving can actually serve as investing cause having the ability to save still means investment from my view. Creating wealth has to do with time if possibly it serves as store of wealth for future use.

[boyptc]

  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

You did great with your writing but it seems you’re really against bitcoin and I want to also remind you that, no matter how much investment you have, you can also still misuse it and stop limiting all these stuffs to just bitcoin and cryptocurrency in general.
I think you’re actually the one getting the concept of savings wrong especially with bitcoin and one funny thing about savings, is the fact that it doesn’t rise but just stay there for you which isn’t the case with bitcoin and I think anyone holding bitcoin is already investing since the concept of investment involves risk and uncertainty which holding bitcoin does possesses as it might rise to profit or fall to loss.

I understand the principle and idealogy of diversification but speaking ill of bitcoin isn’t the right approach to preaching diversification.

I think you misunderstood him. He's not speaking based on your quote about Bitcoin but the comparison that I can say with that is about no matter how many bitcoins you have but if you don't know how to manage them is that you might still have end up being poor.

Although I highly doubt that but it happens for those people that have high income and yet they don't know how to manage their money. The inflation is real and with their lifestyle too.

So, it's not about the wealth you have but the attitude and by the way you manage your assets and wealth.

[Obim34]

I see many people having different opinion on this, maybe right or wrong depending from ones perspective but in essence both can be done, investment and saving, it does not stop one from still being wealthy. It's not a bad idea if I hold good portion of Bitcoin and aswell have my savings. Considering that Bitcoin is volatile and we may not get the benefit of investing all savings into Bitcoin, it could be lesser when needed, so quite beneficial to have enough savings separately from the portfolio. Bitcoin investment is good same with having aside savings.

[Obari]

So, it's not about the wealth you have but the attitude and by the way you manage your assets and wealth.

It’s definitely not about how much wealth you have, be it in crypto or in fiat or in assets, if not properly managed and the right attitude isn’t exhibited, then such a person will still remain poor.
I don’t know if I got op wrong but personally I think op was speaking more against holding and making it seem, holding bitcoin isn’t even good but deep down it’s one of the best things to do if you can afford it but what really matters is that we should only invest what we’re willing to risk as absolutely nothing is guaranteed in the industry.

One funny thing about life is that, it doesn’t work the way we expect, as I’ve seen people with the best attitude towards money but yet still very broke and I’ve seen people with reckless attitude especially towards money but yet, they’ve been doing extremely well for over a decade, which simply means that we should do what’s best for us.

[Su-asa]

Investment is better than saving because with investments you can make more money for yourself. When it comes to saving, saving doesn't add any profits to your banks account, even if it does, the profits won't be a good one.
Moreover,, one can not do investment if he/she does not save little money. As a salary earners that has a lot of responsibilities to care for, if you don't invest part of your money in any thing, it means you aren't ready to make more money. When you only depends on your salary but do not invest in other places you can't make a lot of money from.
Saving only helps you to keep your money for any time you want but investment is far different from savings, the both might work to get but investment is what's important in ones life right now.
When the economy of your country is getting worst you only have to invest in business that's better or that can bring more profits to your bank account, only your salary will help you go feed and save but it will not add anything to your pocket. But when you invest part of the money you will always get the ones you can save.
The easiest way to understand what am saying is, when you don't have a job you can't save money, but when you have a job you can save as much as you can.  So now investment is better than saving because when you invest and make profits you can save a good amount.

[HajiBagi]

Investment is really important in order to get wealthy but it's not right to say that saving makes people poor. In fact saving is the first stage of investing, if you don't save money then how could you invest it? I believe saving and investing work simultaneously.

If someone who's good at saving then that person can invest some money in Bitcoin and a few other assets in order to earn revenue when the Bitcoin or those other assets gain value. By following a DCA strategy, and holding your Bitcoin, you can gain profits and that's similar to saving, I guess DCAing and holding is similar to saving.

Smiling, I don't think there's anything wrong with saving money. Speaking of investing, everyone you see today or who invests today starts with savings. While investing is the best way to protect your money and make a profit, saving is the first step in the investment process. You need to save up some money that will be sufficient for the investment, and if you look at the people who hold coins today, a lot of them invest with their savings funds. Saving money is also another way to invest in bitcoin.

Though there are those who believe that investing yields profits and that savings are simply the money set aside for savings, it's important to recognise that not everyone can save. While some wealthy individuals may have a lot of money, they may not believe in investing because they fear losing it all. In fact, I know many wealthy individuals who would rather save their money at home than in a bank.

[SamReomo]

You need to save up some money that will be sufficient for the investment, and if you look at the people who hold coins today, a lot of them invest with their savings funds. Saving money is also another way to invest in bitcoin.

I highly agree with you, most of those who saved money are now big Bitcoin investors. The ones who found out about Bitcoin started investing money on it after saving a certain amount for sometime. Those are known as DIP buyers, they always looked for good dips and then they accumulated Bitcoin during those dips. They never invested their monthly salaries or followed a DCA method, they just invested the money they have saved for the sake of investing, and trust me most of them are financially stable now.

I personally know someone who saved money and waited for bear market, and when bear market for intensity that person invested the money into some altcoins which have gained more than 2x to 4x value for him even in start of the bull run. So that's why I believe saving is the best way for those who are thinking about investing in crypto currencies, and such people will always get some good profits in the end if they invest their savings in good projects, especially those who invest in Bitcoin will end up with good profits.

[Chibit01]

You need to save up some money that will be sufficient for the investment, and if you look at the people who hold coins today, a lot of them invest with their savings funds. Saving money is also another way to invest in bitcoin.

I highly agree with you, most of those who saved money are now big Bitcoin investors. The ones who found out about Bitcoin started investing money on it after saving a certain amount for sometime. Those are known as DIP buyers, they always looked for good dips and then they accumulated Bitcoin during those dips. They never invested their monthly salaries or followed a DCA method, they just invested the money they have saved for the sake of investing, and trust me most of them are financially stable now.

I personally know someone who saved money and waited for bear market, and when bear market for intensity that person invested the money into some altcoins which have gained more than 2x to 4x value for him even in start of the bull run. So that's why I believe saving is the best way for those who are thinking about investing in crypto currencies, and such people will always get some good profits in the end if they invest their savings in good projects, especially those who invest in Bitcoin will end up with good profits.

Saving is good but you can only grow your finances  VERY SLOW process and doesn’t give you any significant personal growth by the next 10 years.

A main his   20s made  that mistake of just saving...

At 2020 when the covid is happening, the market crash and he got no money left to participate in the momentum because his job was the only source of  his income.

Having a lot of time alone at home with nothing to do, he thought about it and decided to take action ASAP.

He deep dive into digital marketing and start my online business selling clothes, flowers, real estate, shoes, etc.

To cut the story short, he earn 5 times of the net worth in the recent years he now took most of his earnings and invested in bitcoin after 2021 and the last 3 years today's he has become a millionaire just through investing the bitcoin with the little he had that's power of investment so I urge all of us to cultivate the habit of investment no matter anything........

Aside from that, he also believe that he change a lot as a person by having much more confidence and power to help those in needs around him then till also now...

So I can say that Having a massive income and then investing dilligently to stay rich is the better way to me....

[Fara Chan]

I see many people having different opinion on this, maybe right or wrong depending from ones perspective but in essence both can be done, investment and saving, it does not stop one from still being wealthy. It's not a bad idea if I hold good portion of Bitcoin and aswell have my savings. Considering that Bitcoin is volatile and we may not get the benefit of investing all savings into Bitcoin, it could be lesser when needed, so quite beneficial to have enough savings separately from the portfolio. Bitcoin investment is good same with having aside savings.

I also quite agree with what you said because someone who has savings and also has an investment in Bitcoin will be much better off than some people who only have one of them. So clearly this is a pretty good idea for everyone. When they have investments they also have to have a little savings so that the development of their investments can be quite smooth for a long time. So implementing these two things should be a very important option even though you have to prioritize one of them first, such as saving and then investing in Bitcoin.

[Rockstarguy]

I see many people having different opinion on this, maybe right or wrong depending from ones perspective but in essence both can be done, investment and saving, it does not stop one from still being wealthy. It's not a bad idea if I hold good portion of Bitcoin and aswell have my savings. Considering that Bitcoin is volatile and we may not get the benefit of investing all savings into Bitcoin, it could be lesser when needed, so quite beneficial to have enough savings separately from the portfolio. Bitcoin investment is good same with having aside savings.

Savings and investment is a good thing for one to do but I think what op is trying to say is when one saves and have no plan to invest. The reason why saving without having any plan is bad is because sometimes money is unpredictable,  the money you may be having right now can stop coming and what you will look back to survive is the saving, which it is impossible for your money to save you forever because it will definitely finish.  But when one have an investment even if money stops coming in the future the investment is always their save life and to bring money.

Investing little of every amount of money that comes in is a way of becoming wealthy in life but depending in savings, savings will only help to pay bills and to solve immediate problems,  but investment is to help to save life's.

[someone703]

Financial management in today's world feels like cultivating a bonsai tree in a hurricane. You meticulously plan, prune, and nurture your tiny financial ecosystem, yet external forces constantly threaten to uproot it all. Inflation, economic instability, and unforeseen circumstances act like unpredictable wind gusts, testing the resilience of your carefully constructed budget.

Despite the challenges, the analogy of the farmer and their crops offers a powerful perspective. Just as a bonsai master wouldn't abandon their miniature orchard during a storm, we can't let financial difficulties deter us from managing our money. The key lies in adaptation. We must be flexible, adjusting our saving and spending strategies based on the ever-changing economic climate.

This financial dance requires a delicate balance. Saving acts as the anchor, providing stability during turbulent times. Investments, like carefully chosen bonsai seeds, hold the potential for significant growth but require constant monitoring and adjustments to weather the storms. Unnecessary expenditures, the "parasites," threaten to drain our financial resources and hinder growth. Our role, then, becomes one of constant vigilance, identifying and eliminating these financial pests.

[slapper]

Investment is better than saving because with investments you can make more money for yourself. When it comes to saving, saving doesn't add any profits to your banks account, even if it does, the profits won't be a good one.
Moreover,, one can not do investment if he/she does not save little money. As a salary earners that has a lot of responsibilities to care for, if you don't invest part of your money in any thing, it means you aren't ready to make more money. When you only depends on your salary but do not invest in other places you can't make a lot of money from.
Saving only helps you to keep your money for any time you want but investment is far different from savings, the both might work to get but investment is what's important in ones life right now.
When the economy of your country is getting worst you only have to invest in business that's better or that can bring more profits to your bank account, only your salary will help you go feed and save but it will not add anything to your pocket. But when you invest part of the money you will always get the ones you can save.
The easiest way to understand what am saying is, when you don't have a job you can't save money, but when you have a job you can save as much as you can.  So now investment is better than saving because when you invest and make profits you can save a good amount.

You say investment is better than saving since it feeds your bank account. Got it. Investing without saving is like building a fortress on sand. Investment requires strategic planning, market analysis, and acceptance of risk. It requires patience and persistence, not quick prosperity. And saving? The unsung hero of financial stability, it lets you take investment risks without jeopardizing all

I agree that relying entirely on a wage is like treading water - you'll keep afloat but not progress. However, treating saving as a temporary reserve is a huge miscalculation. The investment tower is erected on it. Without it, you're a gambler on an unpredictable economy

[Negotiation]

The truth of the matter is that investing is the foundation upon which wealth is created, yes It is true that saving is a good attribute in the life of individuals but you can't go far with such mindset
Those who owns the biggest companies and are wealth creators in the world today didn't get there by saving their monies but they invested it and got returns on their investment

By making investments you can get rich, from this path will lead to its foundation.
Saving money will only feel safe when they need it but saving money will never grow.

Like Bill Gates, Elon Musk and others who own big companies and therefore invest more than saving in fiat, there is no history of saving money to become rich.

People who dare to take risks, then make sure he will become rich in the future because of his investment.

It is correct that the profit at savings is a little less. Investment is good but investment has to take a little risk. An easy way to earn more is to take advantage of extra time. The sooner you start your first investment the better. A survey found that most millionaires or the wealthy invest 20 percent of their personal income each year.

[Lantind]

It is correct that the profit at savings is a little less. Investment is good but investment has to take a little risk. An easy way to earn more is to take advantage of extra time. The sooner you start your first investment the better. A survey found that most millionaires or the wealthy invest 20 percent of their personal income each year.

Choosing to save of course has a slight advantage compared to investing the assets we have, but to be able to invest well of course we need a little savings for urgent needs that we don't know about these needs because if we don't have savings when investing Of course, we have to take out some investments that have not reached the investment target that we have made and we could experience losses, even though they are not large, so having savings is also important so that we can carry out investments until we can reach the profit target that we have set for the investment.

You are right, the sooner we start investing, of course the better we will be in preparing for our future financial matters because if we don't have investments, it will certainly be very difficult if we only rely on the income we have.

[Obim34]

I see many people having different opinion on this, maybe right or wrong depending from ones perspective but in essence both can be done, investment and saving, it does not stop one from still being wealthy. It's not a bad idea if I hold good portion of Bitcoin and aswell have my savings. Considering that Bitcoin is volatile and we may not get the benefit of investing all savings into Bitcoin, it could be lesser when needed, so quite beneficial to have enough savings separately from the portfolio. Bitcoin investment is good same with having aside savings.

Savings and investment is a good thing for one to do but I think what op is trying to say is when one saves and have no plan to invest. The reason why saving without having any plan is bad is because sometimes money is unpredictable,  the money you may be having right now can stop coming and what you will look back to survive is the saving, which it is impossible for your money to save you forever because it will definitely finish.  But when one have an investment even if money stops coming in the future the investment is always their save life and to bring money.

Investing little of every amount of money that comes in is a way of becoming wealthy in life but depending in savings, savings will only help to pay bills and to solve immediate problems,  but investment is to help to save life's.

Trying to save without making any investment is fucked up, in a time like this when the world is getting digital and making investment(both online and physical) is the one remedy to escape from poverty and being broke during retirement ages. Even aside investment in Bitcoin one should have something to financially depend on as an alternate source of wealth.

Our savings can finish within a limited period but investment can hardly fall out as long we maintain good investment ethics.

[Xcode7]

Trying to save without making any investment is fucked up, in a time like this when the world is getting digital and making investment(both online and physical) is the one remedy to escape from poverty and being broke during retirement ages. Even aside investment in Bitcoin one should have something to financially depend on as an alternate source of wealth.

Our savings can finish within a limited period but investment can hardly fall out as long we maintain good investment ethics.

Saving is without risk while investing is full of risk.
So it's natural that we won't increase our wealth by just saving, which is different from investing. I think this is all about the mindset of someone who is afraid to invest and vice versa, someone who wants to increase their wealth by investing and then learning a lot about it.

I once met someone who was very afraid to invest because he was afraid of losing, so because of this fear he didn't have anything
If we talk about which one is better then of course investing will be much better, especially for people who already understand the science and know where to invest, but this does not apply to everyone.

[Oasisman]

So, It looks like the savings vs investment discussions hasn't been settled yet and I've already seen quite a few threads with the same context about savings vs investments.
IMO, a person who doesn't have savings who jumped immediately to investing are most likely going to fail on the latter. Why? because in times of emergencies that would put him in a situation where he needs an urgent finances, he'd most likely going to withdraw his investment out from his portfolio. What's worst about that is when the market is in a bear market, you'd probably going to get very little ROI to non or even a loss at the very worst scenario.
Yes OP's title is correct, Savings doesn't make someone wealthy, but it is the way rather the first stepping stone to wealth. How can someone make an investment with a good ROI if he does not have any savings? If you have like $500k of savings and you put half of it to bitcoin, imagine how much of a profit you'll gonna make when the value of bitcoin hits 6 digits? Compared to someone who does not have savings and were only depending on DCA every payday.

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.

I disagree with this statement. It's not the concept of "savings" that made some people poor, I think you mistyped the word "overspending". Savings could definitely make a difference, you can only say it does not make one because investments usually has faster results or ROI.

[Baki202]

Saving is without risk while investing is full of risk.
So it's natural that we won't increase our wealth by just saving, which is different from investing. I think this is all about the mindset of someone who is afraid to invest and vice versa, someone who wants to increase their wealth by investing and then learning a lot about it.

I once met someone who was very afraid to invest because he was afraid of losing, so because of this fear he didn't have anything
If we talk about which one is better then of course investing will be much better, especially for people who already understand the science and know where to invest, but this does not apply to everyone.

And that is why people will want to do saving than taking risk people don't want anything that will put there money in risk and that is why some people are still in the same stage they are. Because they are not ready to take any risk. You need to make choices that will change your current situation. Looks like some people are comfortable with the way they are leaving so they would prefer to save than risk it. And investing as a lot of benefits if the investment goes well your money will grow. I don't like that mentality that if the invest they might lose people like that won't make you grow. Because anything you want to do they are already discouraging you.  If you have people like that just qviod them to aviod stagnation in your life.

[panganib999]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

That's because you guys are ill-informed. Don't know where you got the idea that saving would lead you to riches but it doesn't work that way, nor was it portrayed to work that way in the first place. What you mistake savings for is investment, where you put your money into work instead of slaving for it on your daily 9-5. With investment, you get the guaranteed benefit of earning more than what your salary grade provides, with all the liberties the market could provide you, which in turn allow some of the people who ventured into investments to earn millions and find riches.

On the other hand, savings, as the name implies, is meant to "save" your money for the sake of something else. Instead of splurging it all into booze and bitches you keep a portion of your money for yourself as emergency funds, will the emergency funds make you rich? No! What it will do to you is make sure you don't die of poverty when you do get sick.

I hope this analogy shed a light on this massive misconception against savings. You're not supposed to get rich off of saving your money, if that's the case then we'd have a lot of scrooge mcducks in here already, you're only saving because you have to prepare for a massive, often unexpected expenditure in the future. Nothing more, nothing less.

[Cryptoprincess101]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.

Investment is very good but how can someone who is earning very little make investments when they don't save? So to me, savings and investment works hand in hand because someone can save some money and start up an investment in the future so it doesn't mean we shouldn't save money at all, and owning an investment is associated with so many risks as one can even lose all the money during an investment but someone who has saved a whole lot of money can establish a business that can be sustainable for life.

[Uruhara]

It is correct that the profit at savings is a little less. Investment is good but investment has to take a little risk. An easy way to earn more is to take advantage of extra time. The sooner you start your first investment the better. A survey found that most millionaires or the wealthy invest 20 percent of their personal income each year.

We still have to have savings, but in a portion that is not so large and also only to prepare emergency funds. or just to collect money before investing. Or in other words, savings are only effective for the short term and not for the long term. Because if we save in the long term, we will only see our money shrink in value due to the impact of inflation. So if we talk about the long term, investment is what we have to do.

But in entering the world of investment, we must also equip ourselves with sufficient insight and information. Because investment does have risks that we have to take. And we must be able to minimize risks with thorough, fundamental analysis. So many beginners also lose money in investing. Because they do not have mature insight and information preparation. So they are easy targets for fraud, which is actually increasing in number nowadays.

[Uhwuchukwu53]

 Leaving your money idle in a bank account has a lot of cons, inflation being one of the biggest problems for those who save in fiat. What’s the guarantee that the economy will flourish and your money will have as much value as it did in the previous years?

Totally agreed with you as per inflation why saving in fiat, it's more dangerous to save in fiat instead investing it outside bank by building industry, rented apartment, or Land properties like estate is better if one don't trust online investment like Bitcoin.

Many have this ignorance not knowing that saving in fiat has many cons as less value is added to their savings as the inflation and economy drop can affect it.

Though saving money is not issue most time but many have the zeal to invest such as Bitcoin but don't have what it take base on low income even if you are making use of DCA it still require your consistency inorder to maintain it running.

[Volimack]

Savings Investments are both important savings people think of investing. How to invest without savings are usually short term used for future emergencies or specific purchases and do not require much research. Investment has an advantage that no ill effects of inflation remain after the investment. Investments are usually made for the long term which are used to achieve big goals like building wealth financing education buying a house etc and require extensive research.

[Youngkhngdiddy]

That's because you guys are ill-informed. Don't know where you got the idea that saving would lead you to riches but it doesn't work that way, nor was it portrayed to work that way in the first place. What you mistake savings for is investment, where you put your money into work instead of slaving for it on your daily 9-5. With investment, you get the guaranteed benefit of earning more than what your salary grade provides, with all the liberties the market could provide you, which in turn allow some of the people who ventured into investments to earn millions and find riches.

On the other hand, savings, as the name implies, is meant to "save" your money for the sake of something else. Instead of splurging it all into booze and bitches you keep a portion of your money for yourself as emergency funds, will the emergency funds make you rich? No! What it will do to you is make sure you don't die of poverty when you do get sick.

I hope this analogy shed a light on this massive misconception against savings. You're not supposed to get rich off of saving your money, if that's the case then we'd have a lot of scrooge mcducks in here already, you're only saving because you have to prepare for a massive, often unexpected expenditure in the future. Nothing more, nothing less.

Left for me, I think it's the people that doesn't have an investment plan or what to invest on that would just save their money in fiat currency, well like you said it's not a bad idea, but you benefit more when you invest your fiat on a good business or asset that would yield good profits, there are lots of things people could invest on, like, Gold, Real Estate, buying of shares from top rising companies or even invest in bitcoin, just like the OP said, saving won't make one become very wealthy cause the fiat you're saving won't appreciate but would rather remain stagnant or even depreciate when the country is facing inflation or economic crisis, but if you make good investment on the right asset you could make double profits of your savings in future.
 Also I think the idea of saving is mostly among the poor and some middle class people, rich people barely save their fiat, but rather use it to make investments in business and assets, for one to be wealthy you ought to quit saving the fiat you have, maybe in the bank or any anywhere but think of a good invest plan that would help grow your money and yield you profit in future, in conclusion to your statement, my advise to people is that saving might be a bad idea but investing your savings to get more profits is best.

[Bobrox]

Savings Investments are both important savings people think of investing. How to invest without savings are usually short term used for future emergencies or specific purchases and do not require much research. Investment has an advantage that no ill effects of inflation remain after the investment. Investments are usually made for the long term which are used to achieve big goals like building wealth financing education buying a house etc and require extensive research.

The values of saving assets will decreasing year by year regarding the inflation values of fiat but difference way when saving put in the investment assets, many success businessmen they don't hold their fiat or saving money in the bank for longer time because understood well with the inflation values in the future and not increasing yet with their saving although put in the bank more than several years later. I know the important between saving and investment when emergency situation, with investing we can sell it when we need or facing emergency situation the same with saving but get positive side with investment will increase the values or assets we hold.
Investment not required with long term or short term, the same with saving when need it on emergency situation we can sell the investment fund and get chance to earn profitable few percent.

[Wakate]

The truth of the matter is that investing is the foundation upon which wealth is created, yes It is true that saving is a good attribute in the life of individuals but you can't go far with such mindset
Those who owns the biggest companies and are wealth creators in the world today didn't get there by saving their monies but they invested it and got returns on their investment

By making investments you can get rich, from this path will lead to its foundation.
Saving money will only feel safe when they need it but saving money will never grow.

Like Bill Gates, Elon Musk and others who own big companies and therefore invest more than saving in fiat, there is no history of saving money to become rich.

People who dare to take risks, then make sure he will become rich in the future because of his investment.

It is correct that the profit at savings is a little less. Investment is good but investment has to take a little risk. An easy way to earn more is to take advantage of extra time. The sooner you start your first investment the better. A survey found that most millionaires or the wealthy invest 20 percent of their personal income each year.

Whether op has concrete idea about investing or not, we can make a fortune from investing and saving at the same time. Maybe we can take a look on cryptocurrency investing after we have saved enough to buy Bitcoin and holding it for the bull. We need to be wise and always saving our money so that we don't need money and not have it at hand to spend. If we have good strategy of saving, we can make money from our crypto investments even though it's not all about crypto. Saving has helped me a lot of time to keep earning without much stress. We can make money from cryptocurrency if we know how to trade too while holding our funds.

[CageMabok]

Savings Investments are both important savings people think of investing. How to invest without savings are usually short term used for future emergencies or specific purchases and do not require much research. Investment has an advantage that no ill effects of inflation remain after the investment. Investments are usually made for the long term which are used to achieve big goals like building wealth financing education buying a house etc and require extensive research.

Investing without providing emergency savings already looks like a pretty ridiculous thing now, because besides having to consider investment as something important for the future. Everyone also needs to look at the present with conditions that are sometimes very uncertain so they still have to provide emergency savings for the time they are living now. And the investment goals themselves are also quite clear as you said because almost everyone has the goal of building wealth, paying for education, buying a house, etc. after making more research before making the investment itself.

[Hamphser]

The truth of the matter is that investing is the foundation upon which wealth is created, yes It is true that saving is a good attribute in the life of individuals but you can't go far with such mindset
Those who owns the biggest companies and are wealth creators in the world today didn't get there by saving their monies but they invested it and got returns on their investment

By making investments you can get rich, from this path will lead to its foundation.
Saving money will only feel safe when they need it but saving money will never grow.

Like Bill Gates, Elon Musk and others who own big companies and therefore invest more than saving in fiat, there is no history of saving money to become rich.

People who dare to take risks, then make sure he will become rich in the future because of his investment.

It is correct that the profit at savings is a little less. Investment is good but investment has to take a little risk. An easy way to earn more is to take advantage of extra time. The sooner you start your first investment the better. A survey found that most millionaires or the wealthy invest 20 percent of their personal income each year.

Whether op has concrete idea about investing or not, we can make a fortune from investing and saving at the same time. Maybe we can take a look on cryptocurrency investing after we have saved enough to buy Bitcoin and holding it for the bull. We need to be wise and always saving our money so that we don't need money and not have it at hand to spend. If we have good strategy of saving, we can make money from our crypto investments even though it's not all about crypto. Saving has helped me a lot of time to keep earning without much stress. We can make money from cryptocurrency if we know how to trade too while holding our funds.

If you do really know on how to cycle up yourself then you would really be coming up into that idea that you would really be having that having that investment approach when you do have the savings
and on the time that your investment boomed up or making some profits then this is the time that you would really be considering on having a savings on which this is really something that you could
be having that double purpose but of course this might sounds easy but its not something that you could really be easily to pull off. This isnt something that means that you could be having that guarantee
on making money or success with your investment or business on which we know that there's no way that we could be able to succeed on 100%.

If you do really know on what you are doing then its good but if you are afraid on taking up the risks and doesnt mind about any progress then you would really be just simply sticking
on where you are now.

[Hypnosis00]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Well, holding Bitcoin never made us rich until the time we converted it to fiat money. Rich people never save money but rather make it circulated and keep on rolling. In fact, that is how money works and if we want to become rich, we also never stop thinking about how to grow our money, not how to save them because value will depreciate due to inflation.

People are holding their Bitcoin not because they are saving but because they are waiting for the ATH and sell them. In this volatile market, it is somewhat important that we need to learn how to hold if we want to earn huge profit.

[ChiBitCTy]

I think you're confusing the concept of savings and investing.  Also, the title of your post should read "Saving doesn't make wealth", not "Saving don't make wealth". 

Savings CAN make wealth, and just because one is "saving" and "not" investing in your view, they still might be investing.  Saving money at a bank account that provides a rate of return, is still technically investing.  No different that buying a US bond or note. 

[Raflesia]

Savings Investments are both important savings people think of investing. How to invest without savings are usually short term used for future emergencies or specific purchases and do not require much research. Investment has an advantage that no ill effects of inflation remain after the investment. Investments are usually made for the long term which are used to achieve big goals like building wealth financing education buying a house etc and require extensive research.

The values of saving assets will decreasing year by year regarding the inflation values of fiat but difference way when saving put in the investment assets, many success businessmen they don't hold their fiat or saving money in the bank for longer time because understood well with the inflation values in the future and not increasing yet with their saving although put in the bank more than several years later. I know the important between saving and investment when emergency situation, with investing we can sell it when we need or facing emergency situation the same with saving but get positive side with investment will increase the values or assets we hold.
Investment not required with long term or short term, the same with saving when need it on emergency situation we can sell the investment fund and get chance to earn profitable few percent.

It depends on where youre coming from.  Even if what you say is true because in the end saving is much better than investing but not everyone understands what investing is and in fact a lot of people end up falling and experiencing losses due to investment so in this case it depends on the qualifications of each person as well in the end .
We would say that investing is just about putting money into an asset and waiting for it to do well over a period of time but this kind of thinking tends to be naive because after all even if we are in investing but without having a good knowledge base and selfqualification it becomes a disaster in the end .

Many people who are conservative in their thinking sometimes take a safer situation where they keep their money even though it is definitely worth less than trying to be in a new zone but it is also not a wrong choice for them because they do not want to try something with the money they have. So as not to get into trouble another day.
So in this case, it depends on each person's thinking in the end whether they want to stay in a conservative pattern or try something more risky .

[nara1892]

It is correct that the profit at savings is a little less. Investment is good but investment has to take a little risk. An easy way to earn more is to take advantage of extra time. The sooner you start your first investment the better. A survey found that most millionaires or the wealthy invest 20 percent of their personal income each year.

We still have to have savings, but in a portion that is not so large and also only to prepare emergency funds. or just to collect money before investing. Or in other words, savings are only effective for the short term and not for the long term. Because if we save in the long term, we will only see our money shrink in value due to the impact of inflation. So if we talk about the long term, investment is what we have to do.

But in entering the world of investment, we must also equip ourselves with sufficient insight and information. Because investment does have risks that we have to take. And we must be able to minimize risks with thorough, fundamental analysis. So many beginners also lose money in investing. Because they do not have mature insight and information preparation. So they are easy targets for fraud, which is actually increasing in number nowadays.

In my opinion, having an emergency fund is quite important before investing. because just in case, of course we must have funds that are prepared to handle emergency situations, such as accidents, medical costs, or others. In my opinion, this must be paid attention to when making an investment, and of course before making an investment we also have to save first, because of course to make an investment you have to use money that is nominal and sufficient in amount, it is impossible to invest using a reasonable amount of money, according to I think these two things are interrelated, saving for investment and investing after saving.

What you say is correct, to make an investment of course we must have a good understanding first to avoid the risk of losses that will occur, because this investment is related to profits and losses, but these losses can be minimized if we have good knowledge of the aspects related to it. investment. Don't invest without the slightest knowledge, because it will only be a waste of money. It's better to learn everything related to investment first so that there are no big losses. Profits from investment can be obtained if we do it as well as possible, including by preparing emergency funds first.

[kingmanbs]

There are many people who love to save a lot but they have to think about the fact that the person who is doing this saving is not getting any benefit from saving so if he doesn't save this money and keep it for a long time with bitcoins then he will get a lot of money.  And then if he saves some part of that profit then that saving will be real saving.





  There are many people who save about 50% of their business if they apply this money in their business then they will make about 150% profit every month then if they keep 25% out of that profit then their savings is called real savings,  Saving is useful for him in many ways like for example if he gets a big illness then he can recover from that big savings so saving does not make one rich.

[Ben Barubal]

It is correct that the profit at savings is a little less. Investment is good but investment has to take a little risk. An easy way to earn more is to take advantage of extra time. The sooner you start your first investment the better. A survey found that most millionaires or the wealthy invest 20 percent of their personal income each year.

We still have to have savings, but in a portion that is not so large and also only to prepare emergency funds. or just to collect money before investing. Or in other words, savings are only effective for the short term and not for the long term. Because if we save in the long term, we will only see our money shrink in value due to the impact of inflation. So if we talk about the long term, investment is what we have to do.

But in entering the world of investment, we must also equip ourselves with sufficient insight and information. Because investment does have risks that we have to take. And we must be able to minimize risks with thorough, fundamental analysis. So many beginners also lose money in investing. Because they do not have mature insight and information preparation. So they are easy targets for fraud, which is actually increasing in number nowadays.

In my opinion, having an emergency fund is quite important before investing. because just in case, of course we must have funds that are prepared to handle emergency situations, such as accidents, medical costs, or others. In my opinion, this must be paid attention to when making an investment, and of course before making an investment we also have to save first, because of course to make an investment you have to use money that is nominal and sufficient in amount, it is impossible to invest using a reasonable amount of money, according to I think these two things are interrelated, saving for investment and investing after saving.

What you say is correct, to make an investment of course we must have a good understanding first to avoid the risk of losses that will occur, because this investment is related to profits and losses, but these losses can be minimized if we have good knowledge of the aspects related to it. investment. Don't invest without the slightest knowledge, because it will only be a waste of money. It's better to learn everything related to investment first so that there are no big losses. Profits from investment can be obtained if we do it as well as possible, including by preparing emergency funds first.

     On the other hand, it's really different when you have savings in your house or in the bank because, at any moment, you can steal something at an unexpected time. You can also do that while you are doing a business that you like. As long as you are making money, that is good.

     And if you are still able to set aside for investment, it depends on your ability; you can still do that in reality. It doesn't matter that you won't get rich saving as long as you have at least something saved, in my opinion, but as for your crypto, if you do that, you will have a bigger chance of getting a big profit if the crypto asset you buy is right.

[Huppercase]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Saving use to be a good recommendation to get a good life, you can easily put one or two dollars together after your salary are been paid and get basic home things that you need at home but today where inflation has chop off fiat and it's purchasing power is down to zero, you need to gather your monthly salaries to be able to afford some basic amenities and it wasn't like this in the past. This is why savings is not longer valid in these our generation, the only way out of it is investment.

Today you need investment, something that can help you appreciate the value of your money even with inflation rate and as fiat continues to lose its purchasing power and lastly something that can help you buy something in the future without feeling it. Imagine having $10 invested into something and then after 10 years, it's worth $100, it's worthy of that investment to me because if you have kept that money in saving, it will only be worth 0.1 scent and wouldn't be able to buy anything.

[Hamphser]

It is correct that the profit at savings is a little less. Investment is good but investment has to take a little risk. An easy way to earn more is to take advantage of extra time. The sooner you start your first investment the better. A survey found that most millionaires or the wealthy invest 20 percent of their personal income each year.

We still have to have savings, but in a portion that is not so large and also only to prepare emergency funds. or just to collect money before investing. Or in other words, savings are only effective for the short term and not for the long term. Because if we save in the long term, we will only see our money shrink in value due to the impact of inflation. So if we talk about the long term, investment is what we have to do.

But in entering the world of investment, we must also equip ourselves with sufficient insight and information. Because investment does have risks that we have to take. And we must be able to minimize risks with thorough, fundamental analysis. So many beginners also lose money in investing. Because they do not have mature insight and information preparation. So they are easy targets for fraud, which is actually increasing in number nowadays.

In my opinion, having an emergency fund is quite important before investing. because just in case, of course we must have funds that are prepared to handle emergency situations, such as accidents, medical costs, or others. In my opinion, this must be paid attention to when making an investment, and of course before making an investment we also have to save first, because of course to make an investment you have to use money that is nominal and sufficient in amount, it is impossible to invest using a reasonable amount of money, according to I think these two things are interrelated, saving for investment and investing after saving.

What you say is correct, to make an investment of course we must have a good understanding first to avoid the risk of losses that will occur, because this investment is related to profits and losses, but these losses can be minimized if we have good knowledge of the aspects related to it. investment. Don't invest without the slightest knowledge, because it will only be a waste of money. It's better to learn everything related to investment first so that there are no big losses. Profits from investment can be obtained if we do it as well as possible, including by preparing emergency funds first.

     On the other hand, it's really different when you have savings in your house or in the bank because, at any moment, you can steal something at an unexpected time. You can also do that while you are doing a business that you like. As long as you are making money, that is good.

     And if you are still able to set aside for investment, it depends on your ability; you can still do that in reality. It doesn't matter that you won't get rich saving as long as you have at least something saved, in my opinion, but as for your crypto, if you do that, you will have a bigger chance of getting a big profit if the crypto asset you buy is right.

There's really that significant difference in compared into those things in between having savings and to those who have none. It is really just that depending on how these people would really be able to
make use of those savings into use. It isnt really just that for the sake of emergency funds but also it is really that something that could give out that kind of possibilities and chance for you to have
those investment and businesses that you could really be able to built on nwith these savings fund. You could really be able to make use of that thing.

This is why it would really be that still relevant and something that important on having savings even people would be saying that its totally pointless because of inflation blah blah.
You would really be able to see its importance on the time that you would be experiencing hardship but well lets hope that it wont happen but well this is something
which is inevitable.

[bitzizzix]

Of course saving is level 1 to becoming rich which we have to do and that's what I think, and like it or not we have to pass this level first.
Indeed, saving does not necessarily make us rich because the money we have will not increase unless we add it ourselves and perhaps the problem is that its value will be eroded by inflation. However, saving will not make us poor or difficult when we face financial problems in any case.
And by saving we can also invest according to existing skills such as Bitcoin, shares, property, and so on. So saving is a very important basis for various things, including investment.

[Belarge]

Of course saving is level 1 to becoming rich which we have to do and that's what I think, and like it or not we have to pass this level first.
Indeed, saving does not necessarily make us rich because the money we have will not increase unless we add it ourselves and perhaps the problem is that its value will be eroded by inflation. However, saving will not make us poor or difficult when we face financial problems in any case.
And by saving we can also invest according to existing skills such as Bitcoin, shares, property, and so on. So saving is a very important basis for various things, including investment.

Investment is the ultimate solution to redeemed yourself from financial challenges. Time to focused on the fruitful earnings because they will definitely keep coming. Properties are available and its very possible we should be buying them with huge amounts because that's the available ones and earnings will definitely continue as soon as they add more prices in values. Wealth is earned by wise decision and discipline. We ought to be saving because that's one of the bold step of implementing solid stands in the system.

[DabsPoorVersion]

Of course saving is level 1 to becoming rich which we have to do and that's what I think, and like it or not we have to pass this level first.
Indeed, saving does not necessarily make us rich because the money we have will not increase unless we add it ourselves and perhaps the problem is that its value will be eroded by inflation. However, saving will not make us poor or difficult when we face financial problems in any case.
And by saving we can also invest according to existing skills such as Bitcoin, shares, property, and so on. So saving is a very important basis for various things, including investment.

I agree with this, saving will always be the first step for anyone who has difficulty raising enough funds to purchase something or to use as a preparation in case of emergency. But I don't agree that saving will not make us poor and help us every time we face financial problems, this will only be a cycle of saving and spending for the needs/emergencies if we solely focus on savings. We will only be a slave to our job by doing it. We should focus on achieving financial freedom and we need to learn where we should use the money we saved and not only for emergencies.

[boty]

Of course saving is level 1 to becoming rich which we have to do and that's what I think, and like it or not we have to pass this level first.
Indeed, saving does not necessarily make us rich because the money we have will not increase unless we add it ourselves and perhaps the problem is that its value will be eroded by inflation. However, saving will not make us poor or difficult when we face financial problems in any case.
And by saving we can also invest according to existing skills such as Bitcoin, shares, property, and so on. So saving is a very important basis for various things, including investment.

I agree with this, saving will always be the first step for anyone who has difficulty raising enough funds to purchase something or to use as a preparation in case of emergency. But I don't agree that saving will not make us poor and help us every time we face financial problems, this will only be a cycle of saving and spending for the needs/emergencies if we solely focus on savings. We will only be a slave to our job by doing it. We should focus on achieving financial freedom and we need to learn where we should use the money we saved and not only for emergencies.

Having savings will of course really help us in facing difficult times in terms of finances and also be a preparation for a good future and by saving we will be able to prepare ourselves if we really want to make even more profitable investments, but when we realize that by Saving really helps us in meeting emergency needs, so it would be better for us to use some of the savings we have to invest because no matter how much savings we save, when inflation occurs, the savings we save will decrease in value when we spend the savings we have.

[JollyGood]

When you created this thread did you factor in the possibility the buying/selling/saving of crypto is based around the personal circumstances of the individual. There is no one  rule applies to all as we are all unequal in our financial circumstances.

With 11 pages in the thread, I will definitely not be reading through it to get a full understanding of what you really should have fully articulated when you created the OP. Your idea for saving and/or investment has been recycled in the forum many times therefore.

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

[knowngunman]

I agree with this, saving will always be the first step for anyone who has difficulty raising enough funds to purchase something or to use as a preparation in case of emergency. But I don't agree that saving will not make us poor and help us every time we face financial problems, this will only be a cycle of saving and spending for the needs/emergencies if we solely focus on savings. We will only be a slave to our job by doing it. We should focus on achieving financial freedom and we need to learn where we should use the money we saved and not only for emergencies.

I think this is one thing many of us here failed to understand. I see how everyone is clamping down on saving and talking about how useless and unfruitful it is without realizing that it is the first step towards every investment. I know and understand how inflation render saving useless this days but that doesn't make savings unnecessary. We don't just save for emergency but also for future investment. Your monthly salary is not enough to start up an investment, moreover, even if it's enough you can not just wake up and invest your whole salary. You need to start gradually from somewhere and that's from saving.

Saving is very vital because it is the root of investment. Aside that it helps you to prepared for unexpected expenses like in the case of emergency as you stated, it also gives you financial security and come through during financial setbacks.

So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.

Hey, Bitcoin is an investment on it own and not saving unless you want to talk about diversification of investment. No one is being blindfold here for investing in Bitcoin. Comprehension of investing and saving is your problem. As you said, investing gives you the life you want but you should be aware that it can also deny you the life you wish because nothing is guaranteed at the end.

[erep]

Having savings will of course really help us in facing difficult times in terms of finances and also be a preparation for a good future and by saving we will be able to prepare ourselves if we really want to make even more profitable investments, but when we realize that by Saving really helps us in meeting emergency needs, so it would be better for us to use some of the savings we have to invest because no matter how much savings we save, when inflation occurs, the savings we save will decrease in value when we spend the savings we have.

We must have both to fulfill the aspects of proper financial management, savings and investment are the main things that everyone must have to avoid financial emergencies, I share an allocation of 60% for investment and 40% for savings even though the impact of savings is very influential on inflation because we don't maybe convert investments if I need emergency finances, if you have a higher fixed income then you can increase your allocation to investments.

However, I suggest that you share several types of investment, including crypto, gold and property investments, because investments with gold and property values can avoid the impact of inflation and provide guaranteed profits for the long term.

[JollyGood]

The OP has been busy creating threads after his last post here on 5th March 2024. If he wanted to engage in serious discussion it would have happened and he would have been at the forefront of the debate. Instead, he appears to be another account that has created threads in the hope of getting merits and then left them to create others as soon as he realised his efforts did not result in merits.

Am happy you understand what I mean, am laying emphasis on investing mainly, am not saying one shouldn't save but we invest either our profits or your savings.
 And most importantly the rarest truth saving wouldn't make one wealthy. So am not confuse.

[RockBell]

Of course saving is level 1 to becoming rich which we have to do and that's what I think, and like it or not we have to pass this level first.
Indeed, saving does not necessarily make us rich because the money we have will not increase unless we add it ourselves and perhaps the problem is that its value will be eroded by inflation. However, saving will not make us poor or difficult when we face financial problems in any case.
And by saving we can also invest according to existing skills such as Bitcoin, shares, property, and so on. So saving is a very important basis for various things, including investment.

How much will you save to end up being rich, and the way money loses its value keeping it for a very long time might not even serve its purpose again, and since bitcoin is there to cover up and keep up with every inflation coming. true that saving will not make us poor but it will make the money lose its value it is better to invest it into something that will bring more profit.  if you invest in bitcoin any money you get there you can invest it into your dream business. and since savings are like upkeep cash for an emergency saving is good for such purposes. the only problem I have keeping the money is to invest it instead of keeping it dormant in the account.

[GxSTxV]

  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.

I may say that your point doesn’t always work on every case or all people, for me saving is also as important as investing, Especially Bitcoin we count it as an investment and saving at the same time as it’s something we believe as the future currency for the world. However, I also understand what you are trying to say which diversifying investments beyond Bitcoin reduces, mitigates risks and boosts opportunities.

The process of wealth requires both saving and investing smartly at the same time in my opinion. Understanding this balance is crucial for financial success and achieving our life goals using crypto, any business or industry.

[so98nn]

But saving in bitcoin can make you hell of wealthy! That is just start of it and you know very well someone who has thought a saving planning thoroughly can be unlimited rich in short period of time. The epitome of reality can change quickly for someone saving their wealth in appropriate form. These days peeps keep talking they have invested in the Bitcoin. That is wrong. You should consider Bitcoin as one of the form of currenyc just like fiat and start considering it as normal way to transact everyday.

If we start doing that then that is as equal as normalising Bitcoin saving plan. You are not investing in bitcoin anymore, you are using it for daily transactions and saving money in Bitcoin. Anyone who understands this, is wealthy by now already and might not be posting here on the forum.

[slapper]

It is correct that the profit at savings is a little less. Investment is good but investment has to take a little risk. An easy way to earn more is to take advantage of extra time. The sooner you start your first investment the better. A survey found that most millionaires or the wealthy invest 20 percent of their personal income each year.

We still have to have savings, but in a portion that is not so large and also only to prepare emergency funds. or just to collect money before investing. Or in other words, savings are only effective for the short term and not for the long term. Because if we save in the long term, we will only see our money shrink in value due to the impact of inflation. So if we talk about the long term, investment is what we have to do.

But in entering the world of investment, we must also equip ourselves with sufficient insight and information. Because investment does have risks that we have to take. And we must be able to minimize risks with thorough, fundamental analysis. So many beginners also lose money in investing. Because they do not have mature insight and information preparation. So they are easy targets for fraud, which is actually increasing in number nowadays.

In my opinion, having an emergency fund is quite important before investing. because just in case, of course we must have funds that are prepared to handle emergency situations, such as accidents, medical costs, or others. In my opinion, this must be paid attention to when making an investment, and of course before making an investment we also have to save first, because of course to make an investment you have to use money that is nominal and sufficient in amount, it is impossible to invest using a reasonable amount of money, according to I think these two things are interrelated, saving for investment and investing after saving.

What you say is correct, to make an investment of course we must have a good understanding first to avoid the risk of losses that will occur, because this investment is related to profits and losses, but these losses can be minimized if we have good knowledge of the aspects related to it. investment. Don't invest without the slightest knowledge, because it will only be a waste of money. It's better to learn everything related to investment first so that there are no big losses. Profits from investment can be obtained if we do it as well as possible, including by preparing emergency funds first.

Think of an emergency fund as your investment insurance policy; it protects you in times of crisis. Life throws curveballs: accidents, medical problems, etc. Entering the investment pool without protection? This is reckless and foolish

Investing isn't about flinging money at the wind and hoping it pays off. This is a calculated, strategic move. Saving and investing sound like a one-two punch.  Knowledge protects you from financial disaster, not simply power

You're right about not mindlessly investing. You'll get knocked out if you fight a heavyweight champion without training. Play is about learning, understanding, and tactically moving. Profits await those who invest with ambition, planning, and a large emergency fund

[Youngkhngdiddy]

Think of an emergency fund as your investment insurance policy; it protects you in times of crisis. Life throws curveballs: accidents, medical problems, etc. Entering the investment pool without protection? This is reckless and foolish

Investing isn't about flinging money at the wind and hoping it pays off. This is a calculated, strategic move. Saving and investing sound like a one-two punch.  Knowledge protects you from financial disaster, not simply power

You're right about not mindlessly investing. You'll get knocked out if you fight a heavyweight champion without training. Play is about learning, understanding, and tactically moving. Profits await those who invest with ambition, planning, and a large emergency fund

  Saving can make you wealthy, given enough time, but I can’t think of a slower/harder way to become wealthy than strictly by saving. It’s possible to save to a point, but then in order to make your money grow faster, it needs to be invested. By investing, I grow my money 5x to 30x faster than someone who is only saving. Save enough to make you feel comfortable, then invest the balance. The act of saving money won’t, in and of itself, make anyone rich. Ordering water instead of soda or beer at restaurants might save you a few hundred dollars over the course of a year. But let’s face it: A few hundred bucks isn’t life-changing money. If ordering water were the Easy button to achieving early retirement, we’d all be retired and sipping margaritas in paradise.
  Early retirement is enabled by household wealth. How much money you have, rather than how much you save. It is true that saving money does not lead to wealth. That said, there’s nothing wrong with saving some cash by changing up your spending habits you developed over the years. Saving money is great. It’s wonderful. It all helps. Buying and holding onto productive assets make you rich. To buy those assets you need either your own savings or loan from banks or a combination of both. Eventually, the assets will appreciate in value and produce enough money that is more than you could ever use. That is how money works. That’s is called investment.

[Dewi Aries]

Think of an emergency fund as your investment insurance policy; it protects you in times of crisis. Life throws curveballs: accidents, medical problems, etc. Entering the investment pool without protection? This is reckless and foolish

Investing isn't about flinging money at the wind and hoping it pays off. This is a calculated, strategic move. Saving and investing sound like a one-two punch.  Knowledge protects you from financial disaster, not simply power

You're right about not mindlessly investing. You'll get knocked out if you fight a heavyweight champion without training. Play is about learning, understanding, and tactically moving. Profits await those who invest with ambition, planning, and a large emergency fund

It is very important to have an emergency fund in life because what you said is true, of course our life is full of challenges and full of unexpected things like accidents or something like that. By having an emergency fund, if unexpected things do happen, the emergency fund you have can help us to overcome them to some extent. This can also help with investment if we do invest. This needs to be paid attention to if we really want to make an investment, so that the investment is not disrupted by unexpected things happening, it is very important that we have an emergency fund.

In my opinion, saving and investing are things that need each other, as I said above, the use of having an emergency fund or having savings is to deal with things that happen unexpectedly. investing that can generate profits is indeed a long-term investment, it's just that everyone has different thoughts so it's not possible for everyone to be able to gamble, because to do this in my opinion you have to have a lot of money and to be able to have a lot of money we You have to be able to save, because it is impossible to just rely on the money you have.

[JoyMarsha]

If we begin to compare the past and present global economic situation of the market together, we will find out that a thousand dollars saved in bank years back is not the same as the dollar value today. The dollar value of the money has depreciated due to the increase in goods and services.

However, because of the increase in products, saving money in banks for years doesn't have financial gains but rather a declining value in the future. For someone not to experience this, having an investment in housing and estate or bitcoin comes to the rescue because in years to come, it will gain profits for the individual which will be a boost to their finances to enable them to survive in this global financial crisis facing everyone.

[strunberg]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.

I agree with you. But we cannot invest without doing research first. Investing means putting your money in a business or item that can increase your money. But you can also risk experiencing losses if the business you invest in fails and your money is lost. Savings can protect your money, but it doesn't protect the value of your money. And investing can double your money but you need to do research before investing.

[Bloodseekers]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.

I agree with you. But we cannot invest without doing research first. Investing means putting your money in a business or item that can increase your money. But you can also risk experiencing losses if the business you invest in fails and your money is lost. Savings can protect your money, but it doesn't protect the value of your money. And investing can double your money but you need to do research before investing.

Of course, it is very important to do research before deciding to carry out an investment, because if we don't know well the field we are going to invest in, of course this will be very risky and we will also make mistakes at the start which will cause us to experience losses.
Yes, it is true that by saving we will lose the value of the money we save when inflation occurs, but by saving we will be able to help in situations that we don't expect and will also be able to help us carry out investments well.

[OrangeII]

But saving in bitcoin can make you hell of wealthy! That is just start of it and you know very well someone who has thought a saving planning thoroughly can be unlimited rich in short period of time. The epitome of reality can change quickly for someone saving their wealth in appropriate form. These days peeps keep talking they have invested in the Bitcoin. That is wrong. You should consider Bitcoin as one of the form of currenyc just like fiat and start considering it as normal way to transact everyday.

If we start doing that then that is as equal as normalising Bitcoin saving plan. You are not investing in bitcoin anymore, you are using it for daily transactions and saving money in Bitcoin. Anyone who understands this, is wealthy by now already and might not be posting here on the forum.

I think saving money in the form of bitcoin is not called saving, but investing. From what I know, the difference between saving and investing is that saving means saving a certain amount of money and continuing to add to it over a certain period of time. By saving, you will not lose the amount of money you have saved, but it may increase if you save it in the bank, and take advantage of interest from the bank. However, the basic point is that the main amount of money you have will not decrease. However, if you save it in the form of bitcoin, the value of the money you have can decrease or increase, just like investing in real estate or gold. Yeah, but if you think of it as saving, that's fine. However, saving will not make a person rich, unless he uses these savings for other investments.

[puloweh555]

I agree with you. But we cannot invest without doing research first. Investing means putting your money in a business or item that can increase your money. But you can also risk experiencing losses if the business you invest in fails and your money is lost. Savings can protect your money, but it doesn't protect the value of your money. And investing can double your money but you need to do research before investing.

Whether it's an investment, business or savings, the only difference is the risk. Investing has a big risk but the profits obtained are commensurate with the risk, while saving has a small risk but cannot save the value from inflation. The point is, if you have a lot of money, don't save it in the bank but use that money for assets such as land, gold, property and bitcoin. The value of money by the same amount will fall in the next few years, while the value of gold, land and bitcoin will always rise every year.

You could say that money is actually just a medium of exchange, so if you have a lot of money, make it more productive, and manage your finances well so that the money we earn can become a money-making machine in the future. because saving, let alone saving in the bank, will definitely reduce in value because just sitting around makes money unproductive. I save some money in the bank just for smooth transfers when I can't with cash, that's all.

[barisbilgili]

I think saving money in the form of bitcoin is not called saving, but investing. From what I know, the difference between saving and investing is that saving means saving a certain amount of money and continuing to add to it over a certain period of time. By saving, you will not lose the amount of money you have saved, but it may increase if you save it in the bank, and take advantage of interest from the bank. However, the basic point is that the main amount of money you have will not decrease. However, if you save it in the form of bitcoin, the value of the money you have can decrease or increase, just like investing in real estate or gold. Yeah, but if you think of it as saving, that's fine. However, saving will not make a person rich, unless he uses these savings for other investments.

That's right, the difference between saving and investing and what doesn't make us rich is saving because there is no possibility that we will get it.
And indeed all possible profits will also be accompanied by risks so that there is a very different difference between saving and investing so from any angle they cannot be the same.

To invest there are many things we have to learn to be able to get a profit because investing is not just about profit but there are many possibilities that we will get.

[jasonjm]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Timely investment makes people wealthy. Investment is the way forward because inflation is increasing and purchasing power is decreasing. Saving will not make you rich but investment will. Invest in Bitcoin when it is cheap and hold it for at least 10 years. Trust me, you won't regret it. Investment in offline assets is also important. Buy some property, Gold, and Silver, and invest in stocks because the continuous devaluation of $ will impact us big time in the next few years. For the future, you should also have some savings in the bank for rainy days.

[Jody.Drummer]

I agree with you. But we cannot invest without doing research first. Investing means putting your money in a business or item that can increase your money. But you can also risk experiencing losses if the business you invest in fails and your money is lost. Savings can protect your money, but it doesn't protect the value of your money. And investing can double your money but you need to do research before investing.

That's true, of course if there is a profit in what you do then there will definitely be a loss as well, just like an investment. A profitable investment is an investment that is done well if we have a good understanding of investment, because if we make an investment but don't have a good understanding, perhaps what will happen is that we will lose the money invested. and investments are made by people who have stable finances, if our finances are unstable then I don't think we should force ourselves to invest.

and in my opinion, saving is not a bad thing either, it is a good thing or action, because when we want to own an item that has a high price, what we have to do is earn an income and save to reach a certain amount and buy what we want. Also in my opinion saving is a good way of managing money, it is impossible to call saving a bad thing, even though saving does not produce wealth, I am sure that in every family there is someone who does this.

[TelolettOm]

I think saving money in the form of bitcoin is not called saving, but investing. From what I know, the difference between saving and investing is that saving means saving a certain amount of money and continuing to add to it over a certain period of time. By saving, you will not lose the amount of money you have saved, but it may increase if you save it in the bank, and take advantage of interest from the bank. However, the basic point is that the main amount of money you have will not decrease. However, if you save it in the form of bitcoin, the value of the money you have can decrease or increase, just like investing in real estate or gold. Yeah, but if you think of it as saving, that's fine. However, saving will not make a person rich, unless he uses these savings for other investments.

You're right. If people put their money into Bitcoin, it is not categorized as saving but it is investing. Mostly people do saving in fiats or USDT, they are something that have no high volatility and no high risk. But if people have fiats or USDT, they won't have the chance to multiply the values with a significant change in the future. Meanwhile people have Bitcoin, it has high risk and high volatility but it can continue to grow its value and can change its value significantly in the future. People may have profits in the future if they put their money into Bitcoin. This is also quite the same as people put their money into gold or real estate, they may increase their values in the future with quite significant change.

True, people won't expect profits when they do saving. But when people want to have investment, they must expect for profits in the future. People invest to multiply their money, it is not only for reserved money in the future.

[Mame89]

That's true, of course if there is a profit in what you do then there will definitely be a loss as well, just like an investment. A profitable investment is an investment that is done well if we have a good understanding of investment, because if we make an investment but don't have a good understanding, perhaps what will happen is that we will lose the money invested. and investments are made by people who have stable finances, if our finances are unstable then I don't think we should force ourselves to invest.

agree with you. Investment is indeed good for the future, but unfortunately there are still many people who invest because they push themselves too hard so that quite a few people lose when investing. Stable finances and having sufficient knowledge is one step towards success in investing. Without both, it is better not to invest.

and in my opinion, saving is not a bad thing either, it is a good thing or action, because when we want to own an item that has a high price, what we have to do is earn an income and save to reach a certain amount and buy what we want. Also in my opinion saving is a good way of managing money, it is impossible to call saving a bad thing, even though saving does not produce wealth, I am sure that in every family there is someone who does this.

Saving and investing are both necessary to live life, saving is necessary to save emergency funds and other unexpected funds. Investing for the future, clearly the two are very different even though many people think they are almost the same. It is true that saving does not add value while investing the same amount but the value will continue to increase, but both are needed to live life.

[sulendra12]

  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.

The amount of Bitcoin you save won't change but the value of those Bitcoin does. By holding Bitcoin especially in next few years, the value would increase like in past several years thus people always have been saying that holding Bitcoin is beneficial because you can get profit from there (hence holding and invest on Bitcoin is interchangeable).
Unlike fiat the value of that fiat is decreased because of inflation, so your post doesn't make any sense here.

[Barikui1]

  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.

The amount of Bitcoin you save won't change but the value of those Bitcoin does. By holding Bitcoin especially in next few years, the value would increase like in past several years thus people always have been saying that holding Bitcoin is beneficial because you can get profit from there (hence holding and invest on Bitcoin is interchangeable).
Unlike fiat the value of that fiat is decreased because of inflation, so your post doesn't make any sense here.

You are actually right on this bro, holding Bitcoin is way more beneficial than holding fiat in the name of savings, because if you decide to save fiat maybe in the bank for like 5 years, after that 5 years, you will observe that the figure will still be the same, but it doesn't have the same value as when you started saving it, because inflation is an enemy to any money being saved up.

That's why to me the best way to preserve your money, it's best you hold it in anything that appreciate in value overtime, and Bitcoin is one of those asset that appreciate in value overtime, so it's the best way to hold your money, and it also create wealth for you in the future if you have stark enough holding in your possession.

[Essential10]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

I think savings and investment have two roles in a person's life. Both saving and investing are part of future planning. People learn to invest from saving. In my personal life I first had to save and from the saving part I learned to invest. Your savings account won't do much to help you grow your wealth when you save. Investing goes a long way in life. For example, if you save your money monthly or weekly in a bank account, similarly if you continue to use the monthly or weekly method of investing, such as investing in valuable bitcoins, you will surely grow your money in the future. Getting rich can go a long way initially.

[stomachgrowls]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

I think savings and investment have two roles in a person's life. Both saving and investing are part of future planning. People learn to invest from saving. In my personal life I first had to save and from the saving part I learned to invest. Your savings account won't do much to help you grow your wealth when you save. Investing goes a long way in life. For example, if you save your money monthly or weekly in a bank account, similarly if you continue to use the monthly or weekly method of investing, such as investing in valuable bitcoins, you will surely grow your money in the future. Getting rich can go a long way initially.

Totally that connected to each other on which it would really be just that normal that you would really be needing to be wise on how you would really be that making yourself that be able to determine on which
things that could bring out possible income or revenue on which you could really be able to make those savings if you are really just that having that multiple income source on which we know that
it would really be just that easy if you do have that kind of income on which savings wont really be an issue. The thing here is that if you've been accumulating too much when it comes to fiat in the bank
then tendency that you would really be decreasing your purchasing power as years been passing due to inflation.

To counter this then it would really be needing for you to deal up with investments but of course the risks you would really be needing to take is something that
you could really be able to bare with if you dont really like yourself on having those worries.

[Princeeibn]

It's fascinating to delve into the dynamics between saving and investing, especially in the context of assets like Bitcoin. Your perspective brings up a crucial distinction between the two financial strategies.

While saving provides a safety net and financial security, it may not necessarily lead to substantial wealth accumulation over time, particularly in an era of low-interest rates and inflation.

Your insight into the transformative power of investing Bitcoin profits into diverse assets is astute. Bitcoin, often hailed as a revolutionary financial innovation, presents unique opportunities for wealth creation. However, as you rightly pointed out, merely holding Bitcoin or using it for immediate gratification might not harness its full potential.

Diversifying investments beyond Bitcoin can mitigate risks and capitalize on other avenues for growth. Whether it's stocks, bonds, real estate, or starting a business, spreading your investment portfolio can enhance long-term financial stability and prosperity.

Your emphasis on understanding the concepts of richness and wealth is commendable. True wealth extends beyond the mere accumulation of assets; it encompasses financial freedom, security, and the ability to live life on one's terms. Investing wisely is indeed a pathway to achieving the life one desires, as it has the potential to generate passive income, foster growth, and secure a brighter future.

[erep]

Totally that connected to each other on which it would really be just that normal that you would really be needing to be wise on how you would really be that making yourself that be able to determine on which
things that could bring out possible income or revenue on which you could really be able to make those savings if you are really just that having that multiple income source on which we know that
it would really be just that easy if you do have that kind of income on which savings wont really be an issue. The thing here is that if you've been accumulating too much when it comes to fiat in the bank
then tendency that you would really be decreasing your purchasing power as years been passing due to inflation.

To counter this then it would really be needing for you to deal up with investments but of course the risks you would really be needing to take is something that
you could really be able to bare with if you dont really like yourself on having those worries.

Of course, investment is much more prioritized than savings for proper management of financial aspects, if you put all the piles of money in the bank then the effect will be a decrease in the value of the currency due to inflation as recently, we have to reorganize the use of financial allocation to increase allocation for investment rather than savings, you need to consider diversifying into several types of investments to avoid the impact of losses, including gold, property, mutual funds, and also bitcoin, although it is recommended not to allocate high funds to bitcoin if you are willing to hold it for a long-term portfolio.

I have a friend who told me that he had saved all the paper money in the bank, he regretted that he did not allocate allocations for investment purposes and he only got low interest profits every month from the bank, he said that if he had invested in gold and bitcoin he would have made a profit double, but I have advised him to change financial management and prioritize investment over savings.

[Y3shot]

  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.

The amount of Bitcoin you save won't change but the value of those Bitcoin does. By holding Bitcoin especially in next few years, the value would increase like in past several years thus people always have been saying that holding Bitcoin is beneficial because you can get profit from there (hence holding and invest on Bitcoin is interchangeable).
Unlike fiat the value of that fiat is decreased because of inflation, so your post doesn't make any sense here.

Savings in bitcoin is different than when you save money in your bank. When money is being saved in the bank it loses value but when bitcoin is save it increase  in value.  I think hodling Bitcoin is not a bad idea because it will always add more value.  Bitcoin is considered as investment when people hodl it because of the value it adds.  I don't think it is bad  when people save bitcoin,  bitcoin is different from other currencies when it is being saved.

[WatChe]

That's right, the difference between saving and investing and what doesn't make us rich is saving because there is no possibility that we will get it.
And indeed all possible profits will also be accompanied by risks so that there is a very different difference between saving and investing so from any angle they cannot be the same.

To invest there are many things we have to learn to be able to get a profit because investing is not just about profit but there are many possibilities that we will get.

Money has time value and dollar today is worth more a dollar tomorrow. The fiat currency keep on decreasing its value over period of time and that's why if you have savings in the form of fiat currency then it won't be much profitable after year or two. For instance, in my country two years back 1300 cc car cost was around 2.5 million Pakistani Rupee and now it's around 4.5 million Pakistani Rupee. So anyone who has savings in fiat currency can easily figure out how much he has lost.

[Fakhrulenclix]

  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.

The amount of Bitcoin you save won't change but the value of those Bitcoin does. By holding Bitcoin especially in next few years, the value would increase like in past several years thus people always have been saying that holding Bitcoin is beneficial because you can get profit from there (hence holding and invest on Bitcoin is interchangeable).
Unlike fiat the value of that fiat is decreased because of inflation, so your post doesn't make any sense here.

Savings in bitcoin is different than when you save money in your bank. When money is being saved in the bank it loses value but when bitcoin is save it increase  in value.  I think hodling Bitcoin is not a bad idea because it will always add more value.  Bitcoin is considered as investment when people hodl it because of the value it adds.  I don't think it is bad  when people save bitcoin,  bitcoin is different from other currencies when it is being saved.

Owning Bitcoin is not categorized as savings, but it is an investment, we must be able to differentiate between them.
Saving means saving money without any risk unless inflation occurs in the far future, while investment is something that makes everything possible.
If we talk about whether it's good or not, of course it's much better to invest, so it's said that just saving won't make you rich, it's different from investing.

[ancafe]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.

Believe it or not, our parents always advise us to save and there is even a saying "that saving is the source of wealth". We often hear this advice from our parents and they always remind us to saving, saving and saving.

Saving does not make people richer, but by saving people can build a business to develop financial potential. If they have enough money saved, they can make any business for the financial development stage and perhaps that is the purpose of saving as the basis for wealth.

So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.

Bitcoin has provided financial freedom for anyone involved in it and bitcoin has also provided benefits for certain people to build businesses through the profits they get. Changing bitcoin profits to invest in housing, land and gold is a good practice because the more investment models we make, the greater the profits we get.

[shinratensei_]

Money has time value and dollar today is worth more a dollar tomorrow. The fiat currency keep on decreasing its value over period of time and that's why if you have savings in the form of fiat currency then it won't be much profitable after year or two. For instance, in my country two years back 1300 cc car cost was around 2.5 million Pakistani Rupee and now it's around 4.5 million Pakistani Rupee. So anyone who has savings in fiat currency can easily figure out how much he has lost.

meanwhile people can easily put their money in gold and easily solve the problem but some people aren't conscious enough to know that inflation does eat their savings.
i've seen plenty that just save up their money in banks, i mean they could easily move it over to deposit but they deny it because its illiquid, meanwhile if they truly want to invest into something that can be liquidated easily and also having higher chance of increasing in value they could choose bitcoin or at least they could choose staking with stablecoin and that honestly already enough to counter the inflation.

the economy indeed causes inflation to be eating up on people's money but honestly there are also plenty of ways for people to avoid the inflation so its kinda fair game.
therefore people should have basic knowledge about investing and then they can be rest assured that they are making wealth not just losing it overtime.
personally i consider saving to be kinda silly with the high rate of inflation these year arounds.

[adiksau0414]

Saving is definitely important as it provides a safety net for unforeseen circumstances, but it is true that investing is what truly builds wealth. Investing allows your money to grow and work for you, providing you with the opportunity to reach your financial goals and live the life you desire.

It's important to diversify your investments and not solely rely on holding onto one asset such as bitcoin. Explore different investment opportunities that align with your goals and risk tolerance to maximize your returns and build long-term wealth.

Ultimately, the key is to educate yourself on financial literacy and make informed decisions that will set you up for financial success in the long run. By understanding the difference between saving and investing, you can take control of your financial future and achieve your desired level of richness and wealth.

[bettercrypto]

It's true that savings are very important, but it can't help anyone who accumulates savings, to be honest. If your savings are small and only for emergency purposes, it will not really give you enough to say that you will be rich. But if you have saved money that reaches $1 million, you can say that you are rich because you have millions of dollars.

So, whether you get rich from your savings or not, we should still have it. Now, if you are here in the bitcoin or crypto space, the crypto or bitcoin that you collect is for sure that it can also make you rich in the long run if the coins that you hold for the long term are right.

[Oneandpure]

Believe it or not, our parents always advise us to save and there is even a saying "that saving is the source of wealth". We often hear this advice from our parents and they always remind us to saving, saving and saving.

Saving does not make people richer, but by saving people can build a business to develop financial potential. If they have enough money saved, they can make any business for the financial development stage and perhaps that is the purpose of saving as the basis for wealth.

Actually all parent not familiar with investing will prefer or advice their children for saving money than investment, most of them scared with investing make us loss. I don't sure with saving can build up the business and develop financial condition behind how drastically face inflation years by years, better change saving to investing not only our save the money from inflation but also we can earn much profitable than saving.
You can compare when holding our money in fiat is not worth yet than investing in some investment kinds despite in cryptocurrency or stock, can earn profitable and increasing our capital exactly when investing in cryptocurrency huge drastically pump year by years since investing on the right moment.

[fuguebtc]

Believe it or not, our parents always advise us to save and there is even a saying "that saving is the source of wealth". We often hear this advice from our parents and they always remind us to saving, saving and saving.

Saving does not make people richer, but by saving people can build a business to develop financial potential. If they have enough money saved, they can make any business for the financial development stage and perhaps that is the purpose of saving as the basis for wealth.

Actually all parent not familiar with investing will prefer or advice their children for saving money than investment, most of them scared with investing make us loss. I don't sure with saving can build up the business and develop financial condition behind how drastically face inflation years by years, better change saving to investing not only our save the money from inflation but also we can earn much profitable than saving.
You can compare when holding our money in fiat is not worth yet than investing in some investment kinds despite in cryptocurrency or stock, can earn profitable and increasing our capital exactly when investing in cryptocurrency huge drastically pump year by years since investing on the right moment.

What if your investment loses money? Have you considered that scenario? Saving will not make you rich or help you fight inflation, but it will certainly be the best solution if you encounter difficulties in life. Investing is a way for us to improve our income and life, but investing always carries potential risks, and can even lead to bankruptcy . Regardless of the financial market, making a profit is never easy. Frankly speaking, I see very few winners and most of them just losers . Saving and investing are both equally important, so balance things out.

[bestcoins1]

It's true that savings are very important, but it can't help anyone who accumulates savings, to be honest. If your savings are small and only for emergency purposes, it will not really give you enough to say that you will be rich. But if you have saved money that reaches $1 million, you can say that you are rich because you have millions of dollars.

It's strange that in my place, if someone saves more money and doesn't have other wealth such as important assets in their life, they won't be called a rich person. For example, when someone has saved up to millions of dollars but he still does not have his own house, vehicles such as cars and his own land, he will not be called a rich person in my place because the money he has cannot be seen by everyone so only a few who would consider him a rich man. And for me, this assumption also makes sense because wealth and money are very different.

So, whether you get rich from your savings or not, we should still have it. Now, if you are here in the bitcoin or crypto space, the crypto or bitcoin that you collect is for sure that it can also make you rich in the long run if the coins that you hold for the long term are right.

Savings are important, especially if they can also be used to deal with emergencies in our own lives. But what is more important than that is how we can manage it well into useful things such as putting it into investments and also putting it as capital to bring in more income in the future. So, I don't think that money that is not used will be more useful for ourselves than just spending it when facing emergency situations that we generally never expect.

[Dewi Aries]

Saving is definitely important as it provides a safety net for unforeseen circumstances, but it is true that investing is what truly builds wealth. Investing allows your money to grow and work for you, providing you with the opportunity to reach your financial goals and live the life you desire.

It's important to diversify your investments and not solely rely on holding onto one asset such as bitcoin. Explore different investment opportunities that align with your goals and risk tolerance to maximize your returns and build long-term wealth.

Ultimately, the key is to educate yourself on financial literacy and make informed decisions that will set you up for financial success in the long run. By understanding the difference between saving and investing, you can take control of your financial future and achieve your desired level of richness and wealth.

Yes, that's right, because saving will of course help us overcome unexpected things such as medical costs or accidents. However, not everyone can save because of course everyone's finances are different, there are those whose finances are unstable so they still don't have enough to meet their needs or are always in short supply so they don't have any extra money to save. Even though everyone wants financial freedom, not everyone can achieve it, there are people who don't want to move and stay in a phase that makes them comfortable, as long as they have enough for everyday life, that's not a problem, but if we really want to achieve financial freedom then we have to move to move forward in order to achieve it.

and also with investment, it is true that investment can build wealth, but even so, I don't think everyone can do it because to make an investment of course we have to have stable finances first because we don't want to let the investment we make be disturbed, therefore before making Our investment must be able to have stable finances too, because in my opinion a profitable investment is a long-term investment. Many people fail to do so because they are impatient with the long wait and hold. Apart from finances, we also have to pay attention to ourselves, whether we are really ready to make an investment, because it also requires good knowledge to make an investment, it is impossible to make an investment without knowledge regarding aspects of investment.

[lizarder]

So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.

The game will start when you start to believe in Bitcoin, assuming that the initial $100 is the capital you have and this should be added slowly so that the investment we make can continue to increase. The profits obtained from bitcoin can be carried over to other investment models and it depends on how someone can use it. The more investments we make, the greater the profits we will get, because there are many funnels that can provide financial benefits for us.

  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.

The same thing happens with people who have a lot of money and if they are unable to turn that money into something more productive then over time it will be wasted. When people understand what to do if they have bitcoins, slowly the bitcoins will increase because people know how to continue collecting them.

[Ndabagi01]

Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.

You're correct; while many people focus on saving for tomorrow, few understand the concept of investing for tomorrow, which is better and more rewarding in the long run. Your savings goal is a projected amount that you want to have, and once that amount is met, you have a fixed amount and nothing else. While investing your money, you will receive interest on the total amount invested over time.

So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.

Nobody said bitcoin was a safe haven for this generation or that it would be the best system for lifting people out of poverty. Investing in bitcoin is a good investment, and it is preferable to saving money in a bank, where you will not receive a return on investment as you would in bitcoin due to its volatility and the likelihood of future price increases.

[odunybiz]

Believe it or not, our parents always advise us to save and there is even a saying "that saving is the source of wealth". We often hear this advice from our parents and they always remind us to saving, saving and saving.

Saving does not make people richer, but by saving people can build a business to develop financial potential. If they have enough money saved, they can make any business for the financial development stage and perhaps that is the purpose of saving as the basis for wealth.

Actually all parent not familiar with investing will prefer or advice their children for saving money than investment, most of them scared with investing make us loss. I don't sure with saving can build up the business and develop financial condition behind how drastically face inflation years by years, better change saving to investing not only our save the money from inflation but also we can earn much profitable than saving.
You can compare when holding our money in fiat is not worth yet than investing in some investment kinds despite in cryptocurrency or stock, can earn profitable and increasing our capital exactly when investing in cryptocurrency huge drastically pump year by years since investing on the right moment.

What if your investment loses money? Have you considered that scenario? Saving will not make you rich or help you fight inflation, but it will certainly be the best solution if you encounter difficulties in life. Investing is a way for us to improve our income and life, but investing always carries potential risks, and can even lead to bankruptcy . Regardless of the financial market, making a profit is never easy. Frankly speaking, I see very few winners and most of them just losers . Saving and investing are both equally important, so balance things out.

When investing, I don't think you should use all capital for investment. There should be a part save somewhere in case of emergency. This is called emergency fund. Saving money isn't encouraging in this present Nigeria where inflation keep increasing everyday. It's better you make your money to work for you by investing them in a reasonable business.  Although one can as well lose in investment but one should just be positive in his action as most of our actions in life is all about risk.

[Obim34]

Believe it or not, our parents always advise us to save and there is even a saying "that saving is the source of wealth". We often hear this advice from our parents and they always remind us to saving, saving and saving.

Saving does not make people richer, but by saving people can build a business to develop financial potential. If they have enough money saved, they can make any business for the financial development stage and perhaps that is the purpose of saving as the basis for wealth.

Actually all parent not familiar with investing will prefer or advice their children for saving money than investment, most of them scared with investing make us loss. I don't sure with saving can build up the business and develop financial condition behind how drastically face inflation years by years, better change saving to investing not only our save the money from inflation but also we can earn much profitable than saving.
You can compare when holding our money in fiat is not worth yet than investing in some investment kinds despite in cryptocurrency or stock, can earn profitable and increasing our capital exactly when investing in cryptocurrency huge drastically pump year by years since investing on the right moment.

What if your investment loses money? Have you considered that scenario? Saving will not make you rich or help you fight inflation, but it will certainly be the best solution if you encounter difficulties in life. Investing is a way for us to improve our income and life, but investing always carries potential risks, and can even lead to bankruptcy . Regardless of the financial market, making a profit is never easy. Frankly speaking, I see very few winners and most of them just losers . Saving and investing are both equally important, so balance things out.

Still on the same page, it depends on what a person is to invest into, let's assume it is Bitcoin, we all know their is a 99% chances of making profits than losing, so first we need consider what exactly we are about investing into. Money held in an account as savings may not worth the price of goods if eventually the economy faces inflation but investment counter the odds. Both are important but making investment should rule.

[JollyGood]

True to form, the OP has given up on this thread but instead of locking it he has allowed to become a magnet for low quality posting and signature spammers.

While signature spammers and low quality posters have taken over most of this thread, the OP has been busy where he belongs posting in the WO where he hopes to get some merits: https://bitcointalk.org/index.php?topic=178336.msg63851099#msg63851099

When he is not flooding the Wall Observer, he is trying other ways to get merits: https://bitcointalk.org/index.php?topic=5489635.msg63839573#msg63839573

The OP has been busy creating threads after his last post here on 5th March 2024. If he wanted to engage in serious discussion it would have happened and he would have been at the forefront of the debate. Instead, he appears to be another account that has created threads in the hope of getting merits and then left them to create others as soon as he realised his efforts did not result in merits.

Am happy you understand what I mean, am laying emphasis on investing mainly, am not saying one shouldn't save but we invest either our profits or your savings.
 And most importantly the rarest truth saving wouldn't make one wealthy. So am not confuse.

[OrangeII]

It's true that savings are very important, but it can't help anyone who accumulates savings, to be honest. If your savings are small and only for emergency purposes, it will not really give you enough to say that you will be rich. But if you have saved money that reaches $1 million, you can say that you are rich because you have millions of dollars.

So, whether you get rich from your savings or not, we should still have it. Now, if you are here in the bitcoin or crypto space, the crypto or bitcoin that you collect is for sure that it can also make you rich in the long run if the coins that you hold for the long term are right.

Yes, apart from whether saving can make people rich or not, saving is an important thing. In fact, if we set aside 10% to 15% of our income every month, it might really be useful in the future. If you want to be rich, then invest, but saving can also make us rich when we have a lot of income.
Apart from that, the benefits of saving are many. it can even be used for investment purposes, secondary needs, or urgent needs.

[fuguebtc]

Believe it or not, our parents always advise us to save and there is even a saying "that saving is the source of wealth". We often hear this advice from our parents and they always remind us to saving, saving and saving.

Saving does not make people richer, but by saving people can build a business to develop financial potential. If they have enough money saved, they can make any business for the financial development stage and perhaps that is the purpose of saving as the basis for wealth.

Actually all parent not familiar with investing will prefer or advice their children for saving money than investment, most of them scared with investing make us loss. I don't sure with saving can build up the business and develop financial condition behind how drastically face inflation years by years, better change saving to investing not only our save the money from inflation but also we can earn much profitable than saving.
You can compare when holding our money in fiat is not worth yet than investing in some investment kinds despite in cryptocurrency or stock, can earn profitable and increasing our capital exactly when investing in cryptocurrency huge drastically pump year by years since investing on the right moment.

What if your investment loses money? Have you considered that scenario? Saving will not make you rich or help you fight inflation, but it will certainly be the best solution if you encounter difficulties in life. Investing is a way for us to improve our income and life, but investing always carries potential risks, and can even lead to bankruptcy . Regardless of the financial market, making a profit is never easy. Frankly speaking, I see very few winners and most of them just losers . Saving and investing are both equally important, so balance things out.

Still on the same page, it depends on what a person is to invest into, let's assume it is Bitcoin, we all know their is a 99% chances of making profits than losing, so first we need consider what exactly we are about investing into. Money held in an account as savings may not worth the price of goods if eventually the economy faces inflation but investment counter the odds. Both are important but making investment should rule.

You mean the win rate when investing in bitcoin is up to 99%, are you serious? Is investing in bitcoin really that easy and if everyone wins then who loses? Out of 100 people investing in bitcoin, 99 people win and only 1 person loses, is this reasonable? Bitcoin is a financial market and when we make profits there will certainly be losses, Bitcoin cannot increase its value on its own and distribute it to all investors for free. And the government also doesn't print money to pour into the free market to make all players winners.

If investing in bitcoin has a 99% winning rate, you should sell all your houses and assets and invest entirely in bitcoin, you will quickly become rich, you don't have to work hard just to make a few dollars a day.

[TopT3ns]

It's true that savings are very important, but it can't help anyone who accumulates savings, to be honest. If your savings are small and only for emergency purposes, it will not really give you enough to say that you will be rich. But if you have saved money that reaches $1 million, you can say that you are rich because you have millions of dollars.

So, whether you get rich from your savings or not, we should still have it. Now, if you are here in the bitcoin or crypto space, the crypto or bitcoin that you collect is for sure that it can also make you rich in the long run if the coins that you hold for the long term are right.

Yes, apart from whether saving can make people rich or not, saving is an important thing. In fact, if we set aside 10% to 15% of our income every month, it might really be useful in the future. If you want to be rich, then invest, but saving can also make us rich when we have a lot of income.
Apart from that, the benefits of saving are many. it can even be used for investment purposes, secondary needs, or urgent needs.

This depends on where you save, if you save in cryptocurrency by buying Bitcoin and holding it for the long term it will give you a lot of profit, just like when you bought Bitcoin in 2010 and you sold it in 2024, how much profit did you get? that's why I chose Bitcoin as a place to make long-term investments. As long as miners are still getting Bitcoin, I believe the price of Bitcoin still has quite a long way to go.

[Z_MBFM]

It's true that savings are very important, but it can't help anyone who accumulates savings, to be honest. If your savings are small and only for emergency purposes, it will not really give you enough to say that you will be rich. But if you have saved money that reaches $1 million, you can say that you are rich because you have millions of dollars.

So, whether you get rich from your savings or not, we should still have it. Now, if you are here in the bitcoin or crypto space, the crypto or bitcoin that you collect is for sure that it can also make you rich in the long run if the coins that you hold for the long term are right.

Yes, apart from whether saving can make people rich or not, saving is an important thing. In fact, if we set aside 10% to 15% of our income every month, it might really be useful in the future. If you want to be rich, then invest, but saving can also make us rich when we have a lot of income.
Apart from that, the benefits of saving are many. it can even be used for investment purposes, secondary needs, or urgent needs.

This depends on where you save, if you save in cryptocurrency by buying Bitcoin and holding it for the long term it will give you a lot of profit, just like when you bought Bitcoin in 2010 and you sold it in 2024, how much profit did you get? that's why I chose Bitcoin as a place to make long-term investments. As long as miners are still getting Bitcoin, I believe the price of Bitcoin still has quite a long way to go.

Servings is not wealth, when you won any strong asset like land property, real estate, gold, bitcoin then it called wealth. Savings is good because when a person saves some savings and can complete a large amount of savings, he invests them in a strong asset so that his money does not become inflationary and his wealth remains throughout his life. and they can be enjoyed by his future generations as well. so i am believe that savings is not wealth

[Casdinyard]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Saving is definitely good, but as you have implied it's not the answer to everything, especially if you're looking to build wealth. Making your money work for you is going to be the best way for you to slowly but surely earn that millions of dollars, and as I keep saying it doesn't even have to come from crypto, there's a large selection of choice, from stocks to bonds and even real estate! There's a plethora of choices for you to start your financial journey.

If you're looking to save, let it be for an emergency, or to prepare for a massive purchase you are looking to secure. Saving works best when it's planned ahead and not done for the hell of it cause when you have a clear goal in mind, you're set to it and you won't let feeble distractions stray you from the path you are looking.

And if you have the opportunity and the financial capacity to, look into saving as well as investing all at the same time, having both of these ensures that you are secured in every financial aspect of your life, for the unthinkable and the foreseeable future.

[n0ne]

Savings is the foundation for wealth creation. What strategy will we follow to either get rich or settle down low? A few generations ago, it was the savings made by the people and their hard work that made them rich. The scenario now is different, investment along with smart work makes a man rich. However, equal importance needs to be given to savings as well as to investing, because any form of investment has its risks. Based on the risk, there will be profitability as well as a chance of loss. Having savings will help us handle unexpected needs or compensate for losses when our investment strategy doesn't work as we predicted.

[dansus021]

Saving don't make wealth ? Yes if you saving on plain cash with no interest in it. Because the inflation itself is eating the value of your money take a look at this chart. You need still need saving and liquid cash but for long term you need something better.

[poodle63]

It's true that savings are very important, but it can't help anyone who accumulates savings, to be honest. If your savings are small and only for emergency purposes, it will not really give you enough to say that you will be rich. But if you have saved money that reaches $1 million, you can say that you are rich because you have millions of dollars.

So, whether you get rich from your savings or not, we should still have it. Now, if you are here in the bitcoin or crypto space, the crypto or bitcoin that you collect is for sure that it can also make you rich in the long run if the coins that you hold for the long term are right.

Yes, apart from whether saving can make people rich or not, saving is an important thing. In fact, if we set aside 10% to 15% of our income every month, it might really be useful in the future. If you want to be rich, then invest, but saving can also make us rich when we have a lot of income.
Apart from that, the benefits of saving are many. it can even be used for investment purposes, secondary needs, or urgent needs.

setting aside 10% can be helpful if we also compounding it, otherwise its gonna be really slow saving that probably won't matter much short term only matter long term and by long term its probably decades.
but compounding it gonna increase the value real quick, imagine someone that compounding their investment in bitcoin always selling at peak and reinvest profit and capital later in the future, they easily make some 100x profit consistently but without it if we just keep the profit or the capital then we probably gonna need decades just to gather the money that can be achieved within few bullruns.
my point is that, investing compounding the capital gained from setting aside salary is a good combo.
that way you can easily grow it that it become the amount thats worth it to invest, eventually you gonna reach target doing that consistently.

[$anounimus$]

Savings is the foundation for wealth creation. What strategy will we follow to either get rich or settle down low? A few generations ago, it was the savings made by the people and their hard work that made them rich. The scenario now is different, investment along with smart work makes a man rich. However, equal importance needs to be given to savings as well as to investing, because any form of investment has its risks. Based on the risk, there will be profitability as well as a chance of loss. Having savings will help us handle unexpected needs or compensate for losses when our investment strategy doesn't work as we predicted.

Investment begins with saving, if someone is able to set aside their income for savings then they have at least built a financial foundation to become stronger. A person will never be able to jump into investing if they don't have savings. I am sure that people who have a rich mentality will go through that process and of course it is not a loss if someone dares to do that.

[MissNonFall9]

I quite agree with what you say that saving alone will not make you rich, but it must also be accompanied by investment which can be in the form of shares, bonds, or bitcoin. Because the concept of saving itself is an effort made by someone to set aside their money to be used in the future for their various needs - so the value of the money will be fixed and may decrease due to inflation. However, if someone invests, it means they will be able to potentially gain increased value from the instruments they invest in and this can provide them with added value to their economy.

Just as saving does not make a man rich, saving will deprive a young man of the freshness of money. That is why he will not save part of his income, that might not be the right idea. Because saving today can help tomorrow. A healthy normal person must move forward, he should run if he cannot do that he should walk, if he cannot even roll then he should move forward and not stop moving forward. So a young man has to collect and save money for his future life.

[Bravut]

Just as saving does not make a man rich, saving will deprive a young man of the freshness of money. That is why he will not save part of his income, that might not be the right idea. Because saving today can help tomorrow. A healthy normal person must move forward, he should run if he cannot do that he should walk, if he cannot even roll then he should move forward and not stop moving forward. So a young man has to collect and save money for his future life.

Are you trying to prove that saving is what builds the future and dream life of a man?
Your point isn't  clearly expressed, as you don't have a base about what you're saying.
If you understand the point, you will know that saving for tomorrow is over-emphasised, am not saying you shouldn't save but to let you understand that saving fait is degenerating and also as  a young man you should look at the future with a investing mindset as saving doesn't increase the money and will not get you the dream life you want.

I see some persons comment saying if you stack up a $1m you are rich, no doubt but that's still the money you didn't have intention of using which you stack but the money didn't do any work for you, you're still with your money. Alright what's gonna be your plan after having such money will you continue saving, NO. You are gong to spend it on other stuff and still repeat that same cycle again. Why not view in the context of money working for you (investing).
How will you judge someone who is saving up $10k with a goal of reaching $500k to purchase something and another investing same $10k in Real Estate what is both fate?

We should understand the clear distinct between Richness and  Wealth so as to know what road we are on.

As a young individual saving for tomorrow is a bad logic that one should abide by, you can save but all your finances shouldn't be centred on saving, but rather investing for tomorrow .

[ferida504]

Investment is really important in order to get wealthy but it's not right to say that saving makes people poor. In fact saving is the first stage of investing, if you don't save money then how could you invest it? I believe saving and investing work simultaneously.

If someone who's good at saving then that person can invest some money in Bitcoin and a few other assets in order to earn revenue when the Bitcoin or those other assets gain value. By following a DCA strategy, and holding your Bitcoin, you can gain profits and that's similar to saving, I guess DCAing and holding is similar to saving.

The old paradigm is that by saving we will be rich, but that is wrong because the mathematical concept of saving means we have lost or are left behind because saving is actually only a temporary concept for at least a month or at most three months. If you want to progress then whatever type of investment you invest, because investment will continue. there is a movement of at least 2 percent per year, we can imagine if our investment takes a long time. There are various types of investment, from land to gold, but we also have to be careful when investing, so we don't get cheated

[STT]

Dont save Dollars to be brief, it wont reward you.  Dollars are debt based and you are juggling politics and an unstable monetary base, the import export balance and a variety of considerations.   Dollar can gain at some times like any asset, you may even appear to gain an interest return but overall the record is clear; losses continually for over a century now.  
Certainly its true since the 1970's that Dollar cannot its lost value, the benefits if any are paid elsewhere not to holders of this promissory note.

Savings is something you can put your head on at night and know it will still exist in the morning.  The ideal being a gain on what you saved like a good harvest.  The Dollar story is about promising to only lose you 2% except when it trips up then maybe even more.  Maybe one day it loses 100%, actually thats almost a certainty hence saving is contradictory tbh.

[AVE5]

To be clearer about this savings that doesn't bring wealth Op, I hope you mean saving on sector that doesn't bring profit returns such as saving in fiats just accumulating for the future use and not saving on bitcoin which has the potentials to bring profit returns?

Talking about how we can invest with our profits remember leaving your bitcoin profits there at the bitcoin investment is automatically that you're accumulating more to your assets that's to say your assets is as well growing so on as much we keep up holding with our bitcoin, we're potentialed to meet wealth against our tomorrow.
It's also wise on diversifying our income sources to different places so that we can be more confident to say we're growing in wealths with an excitement that we've different sources generating us with funds but saving where the saved fund is stagnant definitely has no that ability to bring us that wealth for the future use.

[rangga28]

Investment is really important in order to get wealthy but it's not right to say that saving makes people poor. In fact saving is the first stage of investing, if you don't save money then how could you invest it? I believe saving and investing work simultaneously.

If someone who's good at saving then that person can invest some money in Bitcoin and a few other assets in order to earn revenue when the Bitcoin or those other assets gain value. By following a DCA strategy, and holding your Bitcoin, you can gain profits and that's similar to saving, I guess DCAing and holding is similar to saving.

The old paradigm is that by saving we will be rich, but that is wrong because the mathematical concept of saving means we have lost or are left behind because saving is actually only a temporary concept for at least a month or at most three months. If you want to progress then whatever type of investment you invest, because investment will continue. there is a movement of at least 2 percent per year, we can imagine if our investment takes a long time. There are various types of investment, from land to gold, but we also have to be careful when investing, so we don't get cheated

Yes, that is true, if someone already has enough money then saving is not the right solution but rather investing. For example, in the case of several people in my area, when the harvest season arrives, the money they collect is immediately transferred to gold, this is certainly a good action to maintain the value so that it will not decline.

[Bravut]

To be clearer about this savings that doesn't bring wealth Op, I hope you mean saving on sector that doesn't bring profit returns such as saving in fiats just accumulating for the future use and not saving on bitcoin which has the potentials to bring profit returns?

For clarity saving in fait isn't promising and sustainable in a long run, saving in bitcoin is promising as its has potential profit returns in along run.
Saving in fait currencies has no value, your money is just lying without any purpose, but investing in other sectors be it in Bitcoin market by accumulating the fuck out of bitcoin,  Real Estate, Gold, IT, etc you're putting your money into work which will be of great benefit in the future.

We have been poorly oriented that saving fait builds or will give us the dream life we want, of which isn't true but the reverse is the case.

[MisterSay]

~

~

Yes, that is true, if someone already has enough money then saving is not the right solution but rather investing. For example, in the case of several people in my area, when the harvest season arrives, the money they collect is immediately transferred to gold, this is certainly a good action to maintain the value so that it will not decline.

Purchasing gold is considered an investment traditionally, but I think investing in gold is mainly a hedge against inflation and help preserve wealth, and this doesn't align with contemporary sense of investment, which is putting wealth into assets or corporation with the expectation of generating returns. The decision to invest should be based on financial goals. These investments typically involve taking on some level of risk in exchange for the potential for higher returns over time. Investing in gold may not align perfectly with the current definition of investment as wealth generation, but it's still a valuable purpose in protecting wealth and hedging against economic instability. Preserving wealth and mitigating risk may take precedence over seeking high returns, especially during uncertain economic conditions.

[SamReomo]

Yes, that is true, if someone already has enough money then saving is not the right solution but rather investing. For example, in the case of several people in my area, when the harvest season arrives, the money they collect is immediately transferred to gold, this is certainly a good action to maintain the value so that it will not decline.

Yes, I think you're actually right, when someone already has enough money then it's far better to go with investing then saving. The people of your area who are investing in gold are doing the right thing because fiat can lose value overtime but gold is known to gain value and thus it's much better to purchase gold or invest fiat into gold to protect the value of it and also gain some profits.

[livingfree]

Yes, that is true, if someone already has enough money then saving is not the right solution but rather investing. For example, in the case of several people in my area, when the harvest season arrives, the money they collect is immediately transferred to gold, this is certainly a good action to maintain the value so that it will not decline.

Those that understand how important it is to have both. When they're done saving their money, they'd choose to have some investments as well.

And while the others are saving, you have to ask them what they're saving for. Because what I know with many, they're saving for a few things and that's to invest and for emergencies.

Otherwise, those that don't have any reason why they're saving is because that they just want to and like to see their bank accounts grow in number but they don't know that they're the ones losing its value in the long run if they don't put it in appreciating assets and investments.

[poodle63]

Yes, that is true, if someone already has enough money then saving is not the right solution but rather investing. For example, in the case of several people in my area, when the harvest season arrives, the money they collect is immediately transferred to gold, this is certainly a good action to maintain the value so that it will not decline.

Yes, I think you're actually right, when someone already has enough money then it's far better to go with investing then saving. The people of your area who are investing in gold are doing the right thing because fiat can lose value overtime but gold is known to gain value and thus it's much better to purchase gold or invest fiat into gold to protect the value of it and also gain some profits.

even people who don't enough money need saving as a way to keep themselves from further losing their wealth i mean they have no money so inflation will hit them harder than those that have since inflation doesn't only affect some people's bank account but the whole price of certain goods more specifically foods are definitely increasing.
its more apparent that ordinary people who don't really have money need to invest their money better if they can make profit, if not they could at least invest it in something that probably might keep them from losing their hard earned money, lets accept the fact that people with low income are really hard to invest because their money are sometime only sufficient for them to survive but it doesn't mean that we should avoid investment if we don't have the money we can find side hustle and make some additional source of income just for the sake of saving and then we can turn our life around through that.
otherwise our life will always be the same.

[Yamifoud]

Yes, that is true, if someone already has enough money then saving is not the right solution but rather investing. For example, in the case of several people in my area, when the harvest season arrives, the money they collect is immediately transferred to gold, this is certainly a good action to maintain the value so that it will not decline.

Those that understand how important it is to have both. When they're done saving their money, they'd choose to have some investments as well.

And while the others are saving, you have to ask them what they're saving for. Because what I know with many, they're saving for a few things and that's to invest and for emergencies.

Otherwise, those that don't have any reason why they're saving is because that they just want to and like to see their bank accounts grow in number but they don't know that they're the ones losing its value in the long run if they don't put it in appreciating assets and investments.

Saving first before investing, is a normal thing people do. But some smart people invest first before saving. No, they keep investing rather than saving money because inflation will beat it. Well, anyway, the point here is what matters to us the most and we choose the way we think that we are safe. Because some people choose to just HOLD rather than invest because they don't have time and knowledge about this. There is nothing wrong with this because they just assure the safety of their funds. In fact, I was been into that situation when I invested in something that I'd never known how to work on it. Sadly, it ended in nothing, and lost my capital.

[livingfree]

Those that understand how important it is to have both. When they're done saving their money, they'd choose to have some investments as well.

And while the others are saving, you have to ask them what they're saving for. Because what I know with many, they're saving for a few things and that's to invest and for emergencies.

Otherwise, those that don't have any reason why they're saving is because that they just want to and like to see their bank accounts grow in number but they don't know that they're the ones losing its value in the long run if they don't put it in appreciating assets and investments.

Saving first before investing, is a normal thing people do. But some smart people invest first before saving. No, they keep investing rather than saving money because inflation will beat it. Well, anyway, the point here is what matters to us the most and we choose the way we think that we are safe. Because some people choose to just HOLD rather than invest because they don't have time and knowledge about this. There is nothing wrong with this because they just assure the safety of their funds. In fact, I was been into that situation when I invested in something that I'd never known how to work on it. Sadly, it ended in nothing, and lost my capital.

Whatever works for them if they invest without the need to save because they've got probably huge amounts already to invest is normal. While those that are starters and like minimum wage earners, they have to save so that the amount of they have ready to invest will be enough for any investment they choose.

Those that chooses to hold their fiat money and does nothing with it as they don't want to invest. They are the conservative ones and they don't want to take any risk and don't want to get into trouble of seeing the value of their money lose.

Well, that's fine because for us we can take losses now and be better and easy in the future than to suffer.

[MissNonFall9]

Just as saving does not make a man rich, saving will deprive a young man of the freshness of money. That is why he will not save part of his income, that might not be the right idea. Because saving today can help tomorrow. A healthy normal person must move forward, he should run if he cannot do that he should walk, if he cannot even roll then he should move forward and not stop moving forward. So a young man has to collect and save money for his future life.

Are you trying to prove that saving is what builds the future and dream life of a man?
Your point isn't  clearly expressed, as you don't have a base about what you're saying.
If you understand the point, you will know that saving for tomorrow is over-emphasised, am not saying you shouldn't save but to let you understand that saving fait is degenerating and also as  a young man you should look at the future with a investing mindset as saving doesn't increase the money and will not get you the dream life you want.

I see some persons comment saying if you stack up a $1m you are rich, no doubt but that's still the money you didn't have intention of using which you stack but the money didn't do any work for you, you're still with your money. Alright what's gonna be your plan after having such money will you continue saving, NO. You are gong to spend it on other stuff and still repeat that same cycle again. Why not view in the context of money working for you (investing).
How will you judge someone who is saving up $10k with a goal of reaching $500k to purchase something and another investing same $10k in Real Estate what is both fate?

We should understand the clear distinct between Richness and  Wealth so as to know what road we are on.

As a young individual saving for tomorrow is a bad logic that one should abide by, you can save but all your finances shouldn't be centred on saving, but rather investing for tomorrow .

I am very sorry for not being able to present and explain my point clearly. I actually meant that if a person earns $1000 per month in life then after meeting family expenses he should save at least a portion (even 5%) of his income and invest the rest. Because without investment the productivity that money can give us cannot be obtained through any other means. This (productivity) I call vitality/freshness of money which is destroyed only by savings. So I prefer to invest most of the earnings in life and save a small portion of the earnings to protect against any future hazards.
To build a life of dreams a person must walk the path of investment. Because investing gives us a rate of return over time that cannot be obtained in any other way. It is also true that there are many risks involved in investing. For this reason the investment should not be concentrated in any one sector but should be divided into several parts and invested in different profitable sectors according to time and opportunity. Our capital and profit can be kept safe. So my point is never that “Savings alone shape one's future and dream life”.

[slapper]

Those that understand how important it is to have both. When they're done saving their money, they'd choose to have some investments as well.

And while the others are saving, you have to ask them what they're saving for. Because what I know with many, they're saving for a few things and that's to invest and for emergencies.

Otherwise, those that don't have any reason why they're saving is because that they just want to and like to see their bank accounts grow in number but they don't know that they're the ones losing its value in the long run if they don't put it in appreciating assets and investments.

Saving first before investing, is a normal thing people do. But some smart people invest first before saving. No, they keep investing rather than saving money because inflation will beat it. Well, anyway, the point here is what matters to us the most and we choose the way we think that we are safe. Because some people choose to just HOLD rather than invest because they don't have time and knowledge about this. There is nothing wrong with this because they just assure the safety of their funds. In fact, I was been into that situation when I invested in something that I'd never known how to work on it. Sadly, it ended in nothing, and lost my capital.

Whatever works for them if they invest without the need to save because they've got probably huge amounts already to invest is normal. While those that are starters and like minimum wage earners, they have to save so that the amount of they have ready to invest will be enough for any investment they choose.

Those that chooses to hold their fiat money and does nothing with it as they don't want to invest. They are the conservative ones and they don't want to take any risk and don't want to get into trouble of seeing the value of their money lose.

Well, that's fine because for us we can take losses now and be better and easy in the future than to suffer.

This rich vs. poor mentality towards investing... it's a whole different world. You got folks with cash to burn, dropping money into stocks like it's nothing, not even sweating if it tanks. For them, 'saving money' is a foreign concept. But the thing is, investing ain't just about having a fat bank account, it's about knowing the game. Then you've got the everyday people, grinding, saving every cent. For them, it's not fancy investing, it's about building a future, brick by brick. There's a different kind of power in that, a hustle you can't buy

And what about those scared of taking any risk? They grip their cash tight, terrified of losing a dollar. Yeah, safety's nice, but without risk, there's no reward. Stagnation is a slow death, man. You're right, taking a hit now can be the smarter play in the long run. It forces you to learn, to adapt. That's growth, not just in your wallet, but in who you are. That's the kind of investment that pays off forever

[Bitco55]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

This is true. In Economics, some believe that savings are automatically invested, and trust me that isn't a lie. But those investments aren't made to better the life of the one who saved the money in the bank, but those who take it loans in order to invest in Businesses.

There are countless of times when I save, and my net worth still doesn't increase because that saved money ended up saving me in the future. So, just as OP said we should not just save but also allot great importance to investing as well.

[WillyAp]

Being able to safe is an important step in the direction of wealth.
Most people grew with saving and investing wisely, no lambo played a role in the making of wealth.

[BlackBaron]

Being able to safe is an important step in the direction of wealth.
Most people grew with saving and investing wisely, no lambo played a role in the making of wealth.

That's a very good example, Lambo is a shrinking asset that every year the price will continue to slowly disappear. Investing or saving is a wise step to increase wealth or become a financially free person. It's true, we have to be active learner to be wise in managing the money we have, and the learning process will not be easy. Even though I get a small profit, I think there's no harm in starting now.

[lizarder]

That's a very good example, Lambo is a shrinking asset that every year the price will continue to slowly disappear. Investing or saving is a wise step to increase wealth or become a financially free person. It's true, we have to be active learner to be wise in managing the money we have, and the learning process will not be easy. Even though I get a small profit, I think there's no harm in starting now.

A person's attitude in making decisions towards financial wealth must have the criteria that must be carried out and if people do not dare to take risks and nothing is at stake then never expect to reach the desired wealth stage. Investing or saving has a different meaning and investment must be done responsibly so as not to lose money because of the decision error taken.

There are many investments that do not produce because people do not master the way and that is why when people undergo investment have considered their decisions well. But without betting and not daring to take risks there will be no results we can get. Especially if someone does not have a financial resource in carrying out investment then to achieve financial success will be much more difficult.

[stomachgrowls]

That's a very good example, Lambo is a shrinking asset that every year the price will continue to slowly disappear. Investing or saving is a wise step to increase wealth or become a financially free person. It's true, we have to be active learner to be wise in managing the money we have, and the learning process will not be easy. Even though I get a small profit, I think there's no harm in starting now.

A person's attitude in making decisions towards financial wealth must have the criteria that must be carried out and if people do not dare to take risks and nothing is at stake then never expect to reach the desired wealth stage. Investing or saving has a different meaning and investment must be done responsibly so as not to lose money because of the decision error taken.

There are many investments that do not produce because people do not master the way and that is why when people undergo investment have considered their decisions well. But without betting and not daring to take risks there will be no results we can get. Especially if someone does not have a financial resource in carrying out investment then to achieve financial success will be much more difficult.

There are people who are really that afraid to take up some risks and they would rather be sticking into that play safe kind of method on which we know that it isnt really that bad on having that kind of confidence or security but we do know that its not something that we can be able to see ourselves in speaking about having that progress in life. It all matters about contentment on which we know that there are people who cant really be that contented on what they do have now.This is why they would really be deciding on taking up some risk because they do know that there's an opportunity or chance that they could make themselves that more
better in terms of financial matter.

Savings doesnt really give out that kind of wealth as long it would really be just that simply stored or keep on bank on which we know that inflation could really give out that kind of less purchasing power
as years goes by which is that it would be better that you do put up on a business or investment on which you could really be able to make yourself that having such progress.

[livingfree]

Whatever works for them if they invest without the need to save because they've got probably huge amounts already to invest is normal. While those that are starters and like minimum wage earners, they have to save so that the amount of they have ready to invest will be enough for any investment they choose.

Those that chooses to hold their fiat money and does nothing with it as they don't want to invest. They are the conservative ones and they don't want to take any risk and don't want to get into trouble of seeing the value of their money lose.

Well, that's fine because for us we can take losses now and be better and easy in the future than to suffer.

This rich vs. poor mentality towards investing... it's a whole different world. You got folks with cash to burn, dropping money into stocks like it's nothing, not even sweating if it tanks. For them, 'saving money' is a foreign concept. But the thing is, investing ain't just about having a fat bank account, it's about knowing the game. Then you've got the everyday people, grinding, saving every cent. For them, it's not fancy investing, it's about building a future, brick by brick. There's a different kind of power in that, a hustle you can't buy

And what about those scared of taking any risk? They grip their cash tight, terrified of losing a dollar. Yeah, safety's nice, but without risk, there's no reward. Stagnation is a slow death, man. You're right, taking a hit now can be the smarter play in the long run. It forces you to learn, to adapt. That's growth, not just in your wallet, but in who you are. That's the kind of investment that pays off forever

Those that have money ready to invest, they're the ones that have been there in the game for quite a while. They know how to make money out of something and you're right that they are prepared to burn cash whether it tanks or not.

While the traditional setup of a person that came out of nothing as in zero experience and came from a poor family, they have to go through with all of these hardships and need to save to invest compared to the ones who are wealthy already.

And for the ones that scared of taking risk, they are going to learn a lesson with their mistake when they get older.

[Yaqs15]

It's true that savings are very important, but it can't help anyone who accumulates savings, to be honest. If your savings are small and only for emergency purposes, it will not really give you enough to say that you will be rich. But if you have saved money that reaches $1 million, you can say that you are rich because you have millions of dollars.

So, whether you get rich from your savings or not, we should still have it. Now, if you are here in the bitcoin or crypto space, the crypto or bitcoin that you collect is for sure that it can also make you rich in the long run if the coins that you hold for the long term are right.

exactly, If you talk about saving Bitcoin, that is a different issue. Because someone that is having Bitcoin saved would be said to be expecting profits in the coming days. So to me, that would not be considered saving, it's should be called investment. further more, in my own point of view, I don't think saving can make some one to become rich, because you still have what you have, and possibly what you are going to buy with it might be reducing, due to inflation some time.

Saving don't make wealth ? Yes if you saving on plain cash with no interest in it.

saving plain cash, I don't know of any way one can be rich by doing that. Especially in countries that have their currency depreciating day by day. for example; Nigeria, this country's currency is depreciating day by day significantly, making things worse and harder for the citizens. And when it comes to appreciation it appreciate with just negligible figure.
some one in this country that is having a naira saved, is he losing or gaining?
so like you said, saving a plain cash can not make some one to become rich.

[lizarder]

There are people who are really that afraid to take up some risks and they would rather be sticking into that play safe kind of method on which we know that it isnt really that bad on having that kind of confidence or security but we do know that its not something that we can be able to see ourselves in speaking about having that progress in life. It all matters about contentment on which we know that there are people who cant really be that contented on what they do have now.This is why they would really be deciding on taking up some risk because they do know that there's an opportunity or chance that they could make themselves that more
better in terms of financial matter.

Actually, what makes people afraid to take risks and most of the answers we will hear is because they are afraid of losing money on certain methods. Even though wherever we are, the risk is quite close and it is something that will definitely happen, but maybe people don't have a plan to minimize the risk so they don't dare to get out of their comfort zone. If someone doesn't dare to take risks then they will never know whether they are successful or not because they don't try.

Controlling risk and having a plan are two important things, especially when it comes to investing. It's not much worse when people never want to try because they will lose their chance of success. The most important thing is that before we do something, we understand what we are doing and the risks can be studied so that they don't become more spread out and lose money.

Savings doesnt really give out that kind of wealth as long it would really be just that simply stored or keep on bank on which we know that inflation could really give out that kind of less purchasing power
as years goes by which is that it would be better that you do put up on a business or investment on which you could really be able to make yourself that having such progress.

The nature of savings is definitely not used and that means the money will never be productive in generating profits. It's best to use percentages, run savings, run businesses and investments so that the money we have will be much more productive in generating profits. Because savings are also needed because we cannot predict the urgent needs that occur in life. With savings, we can use them when needed, so that we have plen when faced with the problem of urgent money needs.

[batang_bitcoin]

Saving don't make wealth ? Yes if you saving on plain cash with no interest in it.

saving plain cash, I don't know of any way one can be rich by doing that. Especially in countries that have their currency depreciating day by day. for example; Nigeria, this country's currency is depreciating day by day significantly, making things worse and harder for the citizens. And when it comes to appreciation it appreciate with just negligible figure.
some one in this country that is having a naira saved, is he losing or gaining?
so like you said, saving a plain cash can not make some one to become rich.

No gets rich by saving plain cash because that devalues over time because of the inflation and so the purchasing power becomes lower. While the rich keeps on investing because they want their wealth to retain itself and grow more. The investors that are starting out, they need to follow the path of what the rich did. They've been patient with their journeys and that's why looking up to them is normal for someone who's optimistic with their future and growing their wealth through their own ways. So, someone who saves his money is going to lose the value in fiat because that's known to most and each country.

[Promocodeudo]

Saving does not make anyone rich but investment does, investment is like a business because it involves an individual using his money to get more money through a legitimate process, you don't just keep your money in a comfortable zone and expect it to yield fruit for you in the long run or within a short period, it isn't possible, saving can only help in the situation of emergency but as for making you rich, is a no-no, as a person that wants to grow financially don't make the mistake of stock pilling your money in a stuff that's not profit-oriented unless you don't want to get rich anytime soon, identify a business that's worth your investment and invest your money so that you can be expectant in the future.

[WillyAp]

Saving does not make anyone rich but investment does,

And the investment grows out of nowhere?
It is way easier to save 50$ a week which gives you 2600 + per year and invest those.
From there,  over further savings you have the next year more, and after 20 years you might made it.
Banks, Credits certainly have a place in this pretty crude "plan".    

[bettercrypto]

Whatever works for them if they invest without the need to save because they've got probably huge amounts already to invest is normal. While those that are starters and like minimum wage earners, they have to save so that the amount of they have ready to invest will be enough for any investment they choose.

Those that chooses to hold their fiat money and does nothing with it as they don't want to invest. They are the conservative ones and they don't want to take any risk and don't want to get into trouble of seeing the value of their money lose.

Well, that's fine because for us we can take losses now and be better and easy in the future than to suffer.

This rich vs. poor mentality towards investing... it's a whole different world. You got folks with cash to burn, dropping money into stocks like it's nothing, not even sweating if it tanks. For them, 'saving money' is a foreign concept. But the thing is, investing ain't just about having a fat bank account, it's about knowing the game. Then you've got the everyday people, grinding, saving every cent. For them, it's not fancy investing, it's about building a future, brick by brick. There's a different kind of power in that, a hustle you can't buy

And what about those scared of taking any risk? They grip their cash tight, terrified of losing a dollar. Yeah, safety's nice, but without risk, there's no reward. Stagnation is a slow death, man. You're right, taking a hit now can be the smarter play in the long run. It forces you to learn, to adapt. That's growth, not just in your wallet, but in who you are. That's the kind of investment that pays off forever

Those that have money ready to invest, they're the ones that have been there in the game for quite a while. They know how to make money out of something and you're right that they are prepared to burn cash whether it tanks or not.

While the traditional setup of a person that came out of nothing as in zero experience and came from a poor family, they have to go through with all of these hardships and need to save to invest compared to the ones who are wealthy already.

And for the ones that scared of taking risk, they are going to learn a lesson with their mistake when they get older.

Yes, you are right there. Investors who like to rotate their capital in investment opportunities are often able to accumulate their wealth because of the investments they choose that they feel really have potential.

They are the people who, instead of keeping their money, rotate it into investments that they think will grow in the short term. Unlike when your money is at home, your money is just sleeping, and if it is in the bank, it will only grow a little within a year.

[Antotena]

Saving does not make anyone rich but investment does, investment is like a business because it involves an individual using his money to get more money through a legitimate process, you don't just keep your money in a comfortable zone and expect it to yield fruit for you in the long run or within a short period, it isn't possible, saving can only help in the situation of emergency but as for making you rich, is a no-no, as a person that wants to grow financially don't make the mistake of stock pilling your money in a stuff that's not profit-oriented unless you don't want to get rich anytime soon, identify a business that's worth your investment and invest your money so that you can be expectant in the future.

I like how everyone is given credit to invest but I hope we all know that investment can also not make you rich in some cases. Investment is a necessity but if you do it wrongly, you might prefer to even have allow your money to be in savings. Yesterday, SBF was sentenced to 20 years in prison because of people that lost money into his exchange and all wanted good thing for themselves, they want to secure a good future for their investment but unfortunately, it went to the wrong exchange and this mistakes are the ones you don't see coming.

Savings is an old system of putting money together but in this century, it doesn't work again, you might not save anything after some years due to inflation but investments is a sure deal but that doesn't mean investment is pure haven against inflation, it's a risk and anything is bound to happen and that's why we need to be carful with the type of investment we do.

[pusaka]

saving plain cash, I don't know of any way one can be rich by doing that. Especially in countries that have their currency depreciating day by day. for example; Nigeria, this country's currency is depreciating day by day significantly, making things worse and harder for the citizens. And when it comes to appreciation it appreciate with just negligible figure.
some one in this country that is having a naira saved, is he losing or gaining?
so like you said, saving a plain cash can not make some one to become rich.

No gets rich by saving plain cash because that devalues over time because of the inflation and so the purchasing power becomes lower. While the rich keeps on investing because they want their wealth to retain itself and grow more. The investors that are starting out, they need to follow the path of what the rich did. They've been patient with their journeys and that's why looking up to them is normal for someone who's optimistic with their future and growing their wealth through their own ways. So, someone who saves his money is going to lose the value in fiat because that's known to most and each country.

Of course, saving cannot make people rich, especially if they save with fiat money which will definitely decrease every time. But at least saving can make us prepare for something in the future, because it is very possible that we will suddenly need money, so by saving we can use that money.
I think this goes back to the initial intention of someone who saves, I myself save not to make me rich, but to make me ready for something I said before. Even investing, I don't intend to become rich, but I want a better future to hold onto. I have prepared it in such a way that I hope it will help me in the future. To become rich is not that easy, we need to put in more effort and work and it requires a very long process.

[junder]

Saving does not make anyone rich but investment does, investment is like a business because it involves an individual using his money to get more money through a legitimate process, you don't just keep your money in a comfortable zone and expect it to yield fruit for you in the long run or within a short period, it isn't possible, saving can only help in the situation of emergency but as for making you rich, is a no-no, as a person that wants to grow financially don't make the mistake of stock pilling your money in a stuff that's not profit-oriented unless you don't want to get rich anytime soon, identify a business that's worth your investment and invest your money so that you can be expectant in the future.

investment can also cause us to lose money or suffer losses if we invest without good knowledge about the aspects related to investment, because investments that can produce profits are investments that are done well, not haphazardly. then what will happen is only losses. therefore, before we make an investment, we must have good knowledge of investments whose aim is to generate profits, also investments that generate profits, in my opinion, are long-term investments, and not everyone can do this, because it requires strong patience. and good determination in making investments.

Do you think saving is a bad thing?
I think saving is not wrong either, now think about the investments we make but we don't have savings, and when a problem occurs that can be said to be an emergency then we clearly need money to be able to overcome that problem, and if we don't have savings maybe what will happen is selling investing or withdrawing investments that are being made, even though they are at a loss point. Saving is also important in my opinion, where investments can be made when our finances are stable and we have savings, because it is impossible to sell investments made at inappropriate times, such as to overcome problems that are considered emergencies.

[boty]

Of course, saving cannot make people rich, especially if they save with fiat money which will definitely decrease every time. But at least saving can make us prepare for something in the future, because it is very possible that we will suddenly need money, so by saving we can use that money.
I think this goes back to the initial intention of someone who saves, I myself save not to make me rich, but to make me ready for something I said before. Even investing, I don't intend to become rich, but I want a better future to hold onto. I have prepared it in such a way that I hope it will help me in the future. To become rich is not that easy, we need to put in more effort and work and it requires a very long process.

You are very right, by having savings of course this will really help us when we need money and we don't have to think about how to meet these needs and we can immediately take the savings that we have saved to be able to meet these needs, because if we If you don't have savings, of course you have to think about how to meet these needs.

It is not an easy thing to make ourselves rich and we have to work hard and be frugal to be able to make ourselves rich and I really agree with what you are doing by saving for needs that we don't expect and also investing to prepare for the future so that we don't have difficulties. when we can no longer earn income in old age.

[Fatunad]

Of course, saving cannot make people rich, especially if they save with fiat money which will definitely decrease every time. But at least saving can make us prepare for something in the future, because it is very possible that we will suddenly need money, so by saving we can use that money.
I think this goes back to the initial intention of someone who saves, I myself save not to make me rich, but to make me ready for something I said before. Even investing, I don't intend to become rich, but I want a better future to hold onto. I have prepared it in such a way that I hope it will help me in the future. To become rich is not that easy, we need to put in more effort and work and it requires a very long process.

You are very right, by having savings of course this will really help us when we need money and we don't have to think about how to meet these needs and we can immediately take the savings that we have saved to be able to meet these needs, because if we If you don't have savings, of course you have to think about how to meet these needs.

It is not an easy thing to make ourselves rich and we have to work hard and be frugal to be able to make ourselves rich and I really agree with what you are doing by saving for needs that we don't expect and also investing to prepare for the future so that we don't have difficulties. when we can no longer earn income in old age.

Savings is something that recommended but it isnt really that wise that you would really be just going all in on saving up on everything that you do have an extra on which you should really be sensible on trying out to divide things accordingly on which we know that it would really be needing up for you to be wise on making up some investment as a back up plan or with some additional with your current day job income
on which we know that this is something that you must really be that considering because we are living in a world where economic conditions are really that worst or something that you cant really be able to
get rid or avoid of it.

Savings doesnt really make wealth if you dont do something about it like having investment or business. You would really be needing it to be applied into something more worth and not really just that sitting
idle on which it wont really be worth on having that kind of approach. Its not bad to savings since we know on whats it usage but we should really be that smart on trying out to
find out on which one is the best thing to be done.

[nurilham]

investment can also cause us to lose money or suffer losses if we invest without good knowledge about the aspects related to investment, because investments that can produce profits are investments that are done well, not haphazardly. then what will happen is only losses.

Indeed. There is no guarantee for a success in investment. If we invest carelessly and with no sufficient knowledge, it is very possible to waste money only. Moreover if we invest in crypto which has a very big risk. If we choose the wrong coins, we may end up with losing all our money. Nowadays, there are many new meme coins, be careful to invest in this coins because they have no clear future. These new meme coins can make us to get losses only.

Do you think saving is a bad thing?
I think saving is not wrong either, now think about the investments we make but we don't have savings, and when a problem occurs that can be said to be an emergency then we clearly need money to be able to overcome that problem, and if we don't have savings maybe what will happen is selling investing or withdrawing investments that are being made, even though they are at a loss point.

Who said saving is bad? Saving is surely a good thing. With saving, we can have reserved money. We must prepare this because we don't know when we have urgent needs or an emergency in the future. We can't rely on the investment to prepare money any time in the future. Sometimes we still can't sell our investment due to varied reasons. Meanwhile saving can be used any time in the future because they are mostly in fiats.

[Bushdark]

Of course, saving cannot make people rich, especially if they save with fiat money which will definitely decrease every time. But at least saving can make us prepare for something in the future, because it is very possible that we will suddenly need money, so by saving we can use that money.
I think this goes back to the initial intention of someone who saves, I myself save not to make me rich, but to make me ready for something I said before. Even investing, I don't intend to become rich, but I want a better future to hold onto. I have prepared it in such a way that I hope it will help me in the future. To become rich is not that easy, we need to put in more effort and work and it requires a very long process.

You are very right, by having savings of course this will really help us when we need money and we don't have to think about how to meet these needs and we can immediately take the savings that we have saved to be able to meet these needs, because if we If you don't have savings, of course you have to think about how to meet these needs.

It is not an easy thing to make ourselves rich and we have to work hard and be frugal to be able to make ourselves rich and I really agree with what you are doing by saving for needs that we don't expect and also investing to prepare for the future so that we don't have difficulties. when we can no longer earn income in old age.

As we are spending money we also need to make sure we save because this is one of the ways we could escape poverty even when we are rich. Rich people always use part of there money for investments that is why they keep improving financially compared to an average man that is only after getting employed and working to get fund to pay bills and eat good food.
Investment could safe us from the stress of life if we always spend little and save more for the future which might comes with opportunities for us to benefit from.

[ancafe]

Actually all parent not familiar with investing will prefer or advice their children for saving money than investment, most of them scared with investing make us loss. I don't sure with saving can build up the business and develop financial condition behind how drastically face inflation years by years, better change saving to investing not only our save the money from inflation but also we can earn much profitable than saving.
You can compare when holding our money in fiat is not worth yet than investing in some investment kinds despite in cryptocurrency or stock, can earn profitable and increasing our capital exactly when investing in cryptocurrency huge drastically pump year by years since investing on the right moment.

This was definitely done by parents because they didn't really know how to get involved in investing. They are afraid that investment will have a detrimental impact when their children are involved in it and if they are not familiar with investment then they will definitely direct their children to save or develop a business. Even if you don't believe that saving can give anyone the opportunity to develop a business, I have seen my younger brother directly and now he has been running the business for five years.

Saving will not benefit anyone, but saving gives us the opportunity to develop our business, because we have the capital to run it. Unless we save forever and the money is not used for other needs, the money we have will never be able to provide any benefits. If you understand investment patterns and have money, it will be much better because you can generate profits rather than saving.

[Dunamisx]

Savings can't help someone's situation to turn into a wealthy person, because inflation can always devalue the current worth of the financial fund we are holding into our savings, but with cryptocurrency, we can save and not be affected by inflation and the value of our money increases because we are not under the fiat regulatory system anymore, instead on Bitcoin which is a decentralized network in cryptocurrency.

[red4slash]

Savings can't help someone's situation to turn into a wealthy person, because inflation can always devalue the current worth of the financial fund we are holding into our savings, but with cryptocurrency, we can save and not be affected by inflation and the value of our money increases because we are not under the fiat regulatory system anymore, instead on Bitcoin which is a decentralized network in cryptocurrency.

In this case I think there is some stigma that occurs because in the end we need to know what the definition of rich is because in the end when talking about today rich is about how we have abundant money so that it is said to be rich and there is no need for investment in the end when defining rich because in the end saving can be.

Indeed, in terms of the inflation situation, it is definitely the reason that is always promoted to say that the savings system is a flaw but on the other hand we also cannot say everything is bad because talking about saving is a system where conventional methods still apply.
Regardless of whether it is good or not I think it depends on how our views are because in the end not everyone will say that this system is bad even though we certainly know that if the comparison is with investment then it will be very far but on the other hand not everyone will also say investment is better because it all depends on the mindset of each so we cannot say for sure that saving is a bad thing because in the end our views can be different from other people's views.

[shinratensei_]

Saving does not make anyone rich but investment does, investment is like a business because it involves an individual using his money to get more money through a legitimate process, you don't just keep your money in a comfortable zone and expect it to yield fruit for you in the long run or within a short period, it isn't possible, saving can only help in the situation of emergency but as for making you rich, is a no-no, as a person that wants to grow financially don't make the mistake of stock pilling your money in a stuff that's not profit-oriented unless you don't want to get rich anytime soon, identify a business that's worth your investment and invest your money so that you can be expectant in the future.

if its for emergency, investment too can be liquidated, its not like the old days where we invest to gold and need to go to city to exchange it to money, things have changed almost all of investment can be liquidated like bitcoin, even gold with the digital gold, only investment with locked period such as deposits and staking that can't be taken flexibly due to contract but the other investment such as stock, crypto, and so on can be liquidated easily anyone tries to liquidate their money for emergency purpose only few clicks away from getting their money landing in bank account so its not necessarily a benefit exclusive to saving alone.

thats why nowaday i prefer to save my money alongside investing it, sparing some percent off my salary to buy coin for investment like bitcoin and ethereum getting the best of both worlds.
i find some people missing out on this golden opportunity of turning life around just letting their money sitting in their bank account not making money off of it.
but indeed sometime investment carries risk so its rather understandable that some people just don't have the bravery to risk their money into investment.

[junder]

-snip-

Yes, I agree with that, indeed if investment is done haphazardly without any knowledge, it will probably just be a waste of money, because to be able to make a profit of course the investment must be done correctly, be careful in taking action, if you really want to invest then that's it. We should be able to do it well, and before investing, please do research first, especially as you said by investing in the wrong crypto. We have to be smart in choosing investments and in choosing the actions to be taken. Losses and profits are based on our own making and carrying out investments from the start, actions from the start will determine the results. So don't be careless in this matter.

As I said before, saving is a good thing, in fact I think it is important, especially when making an investment. It is true that what is said is that saving will help us when we encounter or experience urgent problems in the future. Of course, we live realistically, there are certainly problems that can occur and must be overcome with money. If we only rely on the investments we make or carry out, it is likely that everything will fall apart. Saving is an important thing to pay attention to, whether you have investments or not saving is something you have to pay attention to.

[Bravut]

but indeed sometime investment carries risk so its rather understandable that some people just don't have the bravery to risk their money into investment.

Nothing worth achievable comes without risk, even saving is risky.
Everyone has personal motive and decisions that fuel there minds, but I haven't seen anyone live there dream life without taking risk.

Some just have guts, to invest with the proper knowledge, risk tolerance.
Likewise some that needs bravery, will give accolade in due time when they see results.

As Warren Buffet would say "You choose to work for your money or Have your Money work for you."
Its just a game of choice.

[AnonBitCoiner]

You are very right, by having savings of course this will really help us when we need money and we don't have to think about how to meet these needs and we can immediately take the savings that we have saved to be able to meet these needs, because if we If you don't have savings, of course you have to think about how to meet these needs.

It is not an easy thing to make ourselves rich and we have to work hard and be frugal to be able to make ourselves rich and I really agree with what you are doing by saving for needs that we don't expect and also investing to prepare for the future so that we don't have difficulties. when we can no longer earn income in old age.

With saving you can get rid of hard time and when you need money then you don't have need to ask about it from other person but can freely use the amount of saving. If you can save money then it means that you are able to live under any circumstances and inflation cannot impact your dreams because you are already doing the strategy that really helps during inflation.

Nobody is born with money and nobody is rich by birth but if one work for it and continuously save some amount then he can avoid all hard times and life will be better for him when he needs such money for emergency funds.

[Fatunad]

You are very right, by having savings of course this will really help us when we need money and we don't have to think about how to meet these needs and we can immediately take the savings that we have saved to be able to meet these needs, because if we If you don't have savings, of course you have to think about how to meet these needs.

It is not an easy thing to make ourselves rich and we have to work hard and be frugal to be able to make ourselves rich and I really agree with what you are doing by saving for needs that we don't expect and also investing to prepare for the future so that we don't have difficulties. when we can no longer earn income in old age.

With saving you can get rid of hard time and when you need money then you don't have need to ask about it from other person but can freely use the amount of saving. If you can save money then it means that you are able to live under any circumstances and inflation cannot impact your dreams because you are already doing the strategy that really helps during inflation.

Nobody is born with money and nobody is rich by birth but if one work for it and continuously save some amount then he can avoid all hard times and life will be better for him when he needs such money for emergency funds.

One of the main reasons or benefits on having a saving on which on the time that you would really be needing money then you could really be able to pull it through on which you wont really be needing to take any loans or borrowing
money from other people on which this is something that would really be something recommended that you should really be having some savings at least specially into difficult times. We do know that we cant really be having
that money forever on which there would really be those specific times on which you would really be having such shortage on which it would really be that causing up for you to have those kind of difficult conditions
specially if you are really that in need of money. Somewhat savings up too much or such manner is never been that advisable too on which you could really be making use of those funds for you to be able to make yourself
that having that kind of advantage on where investing or having some business too.

It will give out that opportunity that could give out that kind of extra income on which means that you could easily be able to save up as well on which it would fasten up the rate
on how much you could be able to save up. Rinse and repeat then you could be able to see its relevance.

[Jegileman]

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.

There’s a need for reorientation on this belief that many people has about savings. They always say save for tomorrow but when you look deep into it, you’ll know that saving for tomorrow will only make you less poor at the time you want to spend that money you’ve saved for tomorrow. What I’m insinuating is that inflation keeps increasing and it’ll undoubtedly affect your savings overtime but with investment and taking profits, it’ll going to match up with the standards of the economy at the time you’re spending them. Saving is good but investment is better if you have a good investment plan.

So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

Bitcoin has been viewed by many people as another form of investment and mostly not as a savings for them. If those that came into bitcoin did for the purpose of investment, they’ll always see the better side of it as an investment asset and not a place to save their fiat money when converted to bitcoin. As we all know, since bitcoin is volatile, it can be used as an investment tool and be dependent on. There are risk involved, but the long term benefits is worth the risk. Every business invested in has a risk, you just have to be able to manage those risks.

[Akbarkoe]

Savings can't help someone's situation to turn into a wealthy person, because inflation can always devalue the current worth of the financial fund we are holding into our savings, but with cryptocurrency, we can save and not be affected by inflation and the value of our money increases because we are not under the fiat regulatory system anymore, instead on Bitcoin which is a decentralized network in cryptocurrency.

saving makes you rich or not from fiat money it depends on the amount of money you save first every month and year, if you get an income for one month of $1 million without entering the cryptopun space you can be rich sir.

Likewise, people who enter crypto will not all become rich, because there will definitely be people who lose from the profits we get, and if the money we save in crypto is with a small amount every month does not guarantee you will get rich quickly, especially if the project you invest in gets problems and your purchase price suffers losses with poor project development.