Do you believe in savings or investment

[Adbitco]

For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?
No wonder teacher or lecturers are not wealthy due to their this mentality of thinking we hardly finds out a very wealth teacher across or locality.

For long have been around here seems like people who belongs to this world think much of investment than savings while the real world focuses more on savings but if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.

What do you think?

[1714482480]

1714482480

[Hatchy]

What do you think?

I believe if those people who still saved their money with banks or government owned bodies knew about these investment opportunities where you hodl and watch your money grow in the long run, they probably won't be on the idea of saving anymore. What I think is that they lack information about these investment ideas and for those who knows about them but still prefer to save their money may just be ignorant and unwise.
Most times, peoples wrong mentality and beliefs about these online Investments has created hindrance for many investment opportunities that has come their way which might have changed their lives for good. They feel and think that anything that has to do with online investment are scams so they prefer to just save their money in banks. Unfortunately, while they think their money are saved in banks, these banks loans our their money and make good profits off them annually and give them no interest in return. So it would be better to start making the right choices that may affect ones future positively.

[nimethasa]

saving money is actually a loss because the value of your money the purchasing power of your money will decrease due to inflation. because the value of inflation is always higher than the value of bank interest. so saving money is actually a loss not a gain.
So investing and saving is good and good which one is of course investing is better than saving.
iam preffer investment if compare saving

[Yatsan]

I believe in both and with preference. Both savings and investment has its own benefits and risk; what's important is to reach a certain goal on why you engage on either of these two. If you are after an amount of money you could use for emergency purposes in the future then savings would be an option but if you are seeking on making your the cashflow in your account, bigger in the future then engaging to investment would be a better option. More of a matter between secured money vs profit projection. However as I said, risk will be present; with savings, there's a tendency that you might use it to things outside its sole purpose such as a new gadget and with investment, risk is losing the money itself.

Now, bottomline is to choose what will work for you best. Some people are fine having savings alone and same thing goes with people who are earning more through their investments. Personally, I do both. I save some of my investment profit and times wherein my savings are being used on new investments.

[Text]

I think both saving and investing are important, but they serve different purposes. Having a savings account creates a safety net for emergencies or short-term goals, it's easily accessible and low risk. Investing offers the potential for your money to grow over time, outpacing inflation. However, there is a risk of losing money.

There are wealthy teachers out there! They might be investing a portion of their income alongside saving. It's not about the profession necessarily but about financial strategy.

[Churchillvv]

I think what those who save all the day of their life lacks is information, you could be educationally exposed but not money wise, most teachers and lecturers you see out there are products of old educational system and perhaps this old mentality has been transferred into them and they can't change it untill they find the right information.

In as much as it's more better to invest rather than save it's also good to have some savings, and this savings are most misconcepted by people who are less informed. if you have enough money you should invest them to make profit instead of storing them in the banks while it yields nothing you should put them where they can generate more income and at the same time you should save, this savings that one needs is the emergency funds, your emergency funds should be an investment and this emergency funds is what people have misconcepted with Investment that is why they save every penny as an emergency funds instead of Investment.

[Zaguru12]

What I will say is investment itself is another form of saving. Investment gives you more flexibility as you have an extra source of income aside the primary source you have. I wouldn’t blame the Set of people you listed above that resort into savings alone, because most at times it is not the best for them. An investment requires sometimes significant amount of money and backing it up with substantial knowledge of that investment before setting it up. This are sometimes why you see people failing to get an investment

[PytagoraZ]

What do you think?

Most people think about putting some money in savings for an emergency fund and don't have enough other funds to invest so they don't do it. They also think that investing requires a lot of money and they don't have it. Apart from that, their knowledge about investment is also limited, maybe they are more familiar with property and land investments which require a lot of money and don't know about investments that can be paid in installments such as bitcoin or shares.

But I think the current generation is different and many people are starting to become aware of investment. In my opinion, there is no need to force older people to invest when they don't have any knowledge about it, but the current generation will be different because most already know about investing.

[Russlenat]

The problem is not everyone has the ability to invest and not everyone has the courage to invest when we all know that the results are not fixed and mostly we end up losing than yielding profits. That’s why a lot of us prefer saving more than investing despite of the fact that there is only little interest add to our savings.

What people need is the right education and more exposure to investment and its profits, so that people will be more motivated to take extra miles and take some risks than just staying in their comfort zone and gain nothing in the end.

[bitzizzix]

I think the problem is because they feel comfortable with their work and the salary is enough for everything including savings, and the job you mentioned is a promising job. And apart from a large salary, it can also guarantee their old age because they will receive a retirement salary every month when the time comes.
And maybe this situation makes them not interested in investing and also lacks information because they don't want to search or find out, but I think there are some of them who are interested and do it too.
Apart from that, many civil servants also pawn their Decree Letters (SK) at the bank with a fast process for very important needs such as buying a house, vehicle and so on, including for business and other purposes. And there is also the possibility of investing.

[poodle63]

I would be a fool if I say that i don't believe in investments, isn't many pension fund is basically an investment managed by experts fund managers though?
I always have that kind of impression that its basically compounded saving used to invest for future purpose.
but as many have stated and I honestly agree not everyone are good enough at investing as much good as investments are it still requires knowledge about investing you can't just invest randomly and expect profit, even the top stocks aren't different either they are subject to fluctuation so definitely not all people will thrive by investing.
much like cryptocurrency investment its truly lucrative investment for some but for some other they are just losing because they only get fomo'd buying at peaks.
therefore saving in my opinion is okay-ish option after all some people prefer more focused on their jobs and earning more but honestly nowaday bank deposits is just few click away from bank app dashboard so there's that.

[NurseHub]

I would say it's a lack of patience and ignorance, because investing would take a long period of time before it gets really matured , this people believe they won't be able to wait till that time and in investing safety might not really be guaranteed.

While others believe they might die off and family might not be able to sustain there investment.

While in savings, they have a safety guarantee , so most likely save than invest.

But in all investing  has the higher return.

[angrybirdy]

saving money is actually a loss because the value of your money the purchasing power of your money will decrease due to inflation. because the value of inflation is always higher than the value of bank interest. so saving money is actually a loss not a gain.
So investing and saving is good and good which one is of course investing is better than saving.
iam preffer investment if compare saving

This is also the exact thing I can think of right now, Maybe if for emergency and monthly expenses purchasing, the savings will help because you can easily get it when needed, anytime you can withdraw or bank transfer especially since the mode of payment is more on online transaction in all establishments at the moment. But if you think about long-term savings, like a locked-in account, it's better to put it in investments so that while your money is hidden, it earns a lot, unlike banks that only give very low earned interest.

[Darker45]

In the first place, what can you invest if you don't save? The main problem with a lot of people is not that they're saving more than they're investing; it's that they're spending all of their money without saving. I think everything starts from saving. Your investment comes from it.

Also, investment and savings are sometimes interchangeable. One can save in Bitcoin instead of fiat, right? Savings doesn't specifically refer to fiat, I believe. Is it possible for somebody to save by way of pieces of land rather than bank accounts?

[sekalitas]

For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?
No wonder teacher or lecturers are not wealthy due to their this mentality of thinking we hardly finds out a very wealth teacher across or locality.

For long have been around here seems like people who belongs to this world think much of investment than savings while the real world focuses more on savings but if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.

What do you think?

In my opinion, saving is essential but for an emergency fund only. Aim for a minimum of 3-6 months of income saved. The rest of your money can go into investments, divided into short-term and long-term holdings based on your situation.  I allocate more than 50% of my investments to the long term, with the rest in short-term options.

Why is an emergency fund crucial? It protects you in unexpected situations like layoffs or accidents that require immediate cash. Without it, you might be forced to withdraw investments prematurely, potentially selling at a loss due to unfavorable market conditions.

So, while saving alone won't make you rich, it provides a crucial safety net.

[harapan]

For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?
No wonder teacher or lecturers are not wealthy due to their this mentality of thinking we hardly finds out a very wealth teacher across or locality.

For long have been around here seems like people who belongs to this world think much of investment than savings while the real world focuses more on savings but if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.

What do you think?

Saving and investing are both good financial choices or decisions because they promote and enhance a smooth and progressive living/lifestyle for me.

In essence,apply the same efforts to your savings also to your investments,or vice versa.While I was growing up,I was never taught or told about investing.The knowledge was only on savings,savings,and savings.There are so many differences between savings and investing,some people will say savings is a loss,and in order to change that concept or perception,its ideal you backup your savings plan with a solid decision as investing.And it seems both of them can literally work well for you at the same time,So its just best to save cautiously for what's around the corner and invest wisely for the future.

[Asuspawer09]

For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?
No wonder teacher or lecturers are not wealthy due to their this mentality of thinking we hardly finds out a very wealth teacher across or locality.

For long have been around here seems like people who belongs to this world think much of investment than savings while the real world focuses more on savings but if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.

What do you think?

Saving and Investment are both important things, I wouldn't going to recommend going all in on investment and not saving at least a small percentage, because saving is still liquid money that you could easily use at any moment, there are times that you are for sure going to need some money at times, and that save money is going to help you a lot, investments may be a great thing to have because it might generate you income overtime of owning it, it might be a passive income for sure but it's not really something that you could easily take out in case you needed the money.

I think it safe to say that save a small percentage and then invest the rest or a high percentage of your funds, this investment can easily be a passive income that could add up to your sources of income, not to mention that assets like land, property, real estates investment could increase its market value over time unlike if our money is just saved on the bank which could easily get hit by inflation. It could easily be one way to fight inflation, and for sure we already see Gold and Bitcoin investment could give us a huge profit compared to just saving in the bank which could just give us a very low interest.

[Samlucky O]

For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?

Not all Investment are Investment, we always talk about Investment but you should know that not everyone is good at investment. Investment need serious minded, dedicated, passionate and zealous people. Not just something you adventure without making a quick research. If anybody jumps in a hurry, will jump out in a hurry. That is why in investment need serious minded people otherwise it will crash

No wonder teacher or lecturers are not wealthy due to their this mentality of thinking we hardly finds out a very wealth teacher across or locality.

The problem teachers face is stinginess. I don't know if anyone else noticed that teacher are always hand tighten to release money, talk more of investment. Though not all but most of them and perhaps the reason behind this attitude is that since they are teaching and can't handle multiple business they decided to stick to there business rather looking for multiple business someone else will handle for them, which they might not be able to handle the business as the real owner, causing the business to shutdown.

if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.

What do you think?

Investment is preferable to savings when you know the right investment strategy. Because if you invest in the wrong business and it didn't Work out well you will regret of not having your fund in savings.

[Sebas.tian]

Saving money without investment is a wast of time, because when you invest in a particular coin, you will have it in mind that when bullish season appear in the market you will going to achieve income from the investment. But if you decided to save the money at home or in the Bank, I don't think you have anything to gain from the money in the future because you refuse to invest the money to be bringing income to you and it will not increase your wealth. I think, many people have changed that mentality not to be saving their money in the bank than to be saving their monthly salary to crypto investment which is a good choice that will bring good results in the future.

[Strongkored]

What do you think?

Saving will not be able to help us to beat inflation because the benefits we get are very small and the value will continue to decrease due to inflation, so if you want to have a better economy in the future, investment is the right choice, but you still have to save because savings are an emergency fund, because if you only focus on investing without having savings, it is very likely that you will sell your investment at a loss or have not achieved the desired maximum profit because the investment is for the long term, more than five years, the benefits you will get are very good compared to if it is only one or two years.
So I believe in both, and doing both is much better for our financial future.