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Author Topic: Saving don't make wealth  (Read 2421 times)
AnonBitCoiner
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April 02, 2024, 03:46:11 PM
 #301

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.



 

 

 

 

 

 


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April 02, 2024, 08:53:06 PM
 #302

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.

R


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April 02, 2024, 09:01:31 PM
 #303

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.

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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.

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April 02, 2024, 09:08:41 PM
 #304

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.

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