Saving don't make wealth

[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.

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[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.