Do you believe in savings or investment

[Porfirii]

We are not a valid representative sample as we are members of a forum around a "innovative" investment. Most of us see saving as a waste of money and we believe in hodling.

But investing means taking risks: even if some of you believe that this is a sure practice because cycles repeat and Bitcoin is antifragile etc. chances are that you lose much money.

If you save, on the contrary, you can take for granted that you'll lose a part to inflation, but unless you live in a country were things are really bad, it can be a not so bad strategy for those who seek stability at low cost.

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[Jawhead999]

Even there are many ignorant people, actually all people in the world know what is savings and investment.

They mostly choose investment over savings, but they're choose the lowest risk investment i.e. time deposit. They stake their money in banks and wait for few years in order to earn few % APY, that's what the investment by Average Joe.

The ignorant people I refer to someone who doesn't care if inflation rate is higher than the time deposit interest, hold Bitcoin in CEX, invest in something that suggested by self pro claimed economist etc. They're vulnerable against bankrupt or scammed, that's why their wealth wouldn't grow.

[martinex]

Yes. I agree that civil servants will try to turn their money into other sectors, in this case investing, and we also know that this is one way to increase individual wealth. However, if I look at parents, whether they are teachers or lecturers, they prefer to be comfortable and not ambitious in diverting their funds to other sectors. Apart from not being able to control their business, age and energy factors also influence their journey.

If when he was young he was already a businessman and worked in the government, let's say he was also a teacher or lecturer, it's not possible that the ceiling for applying for money at the bank will require the businessman to ask for help so that it can be higher than what the bank usually offers for developing his business.

[Uruhara]

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?

What's interesting about this forum is that everyone educates each other about how important investment is. And I'm sure most of the members of this forum all have investments. And this shows that the majority of people here understand how important investment is and that investing is much better than saving.

In fact, I am sure that all members who frequently visit the economics board will experience increased insight regarding the world of finance and the phenomena within it, including those related to inflation and deflation. And of course people who understand inflation will definitely prefer investing compared to saving. especially if it is savings in fiat form which is prone to being affected by inflation. Even the US dollar, which is said to be quite stable, can still be affected by inflation. So the choice is indeed better to invest than increase savings. It's just that small savings are needed to prepare an emergency fund. But not in a bank, but in a safe that we have or something similar that is easy for us to access if needed.

[jrrsparkles]

Why do we always say savings or investment when one is associated with another, without savings it's not possible to invest, right?

I knew teachers who are wealthy now because they saved/invested their part of salary into real estate and probably they did it cause they understand how things work so don't blame the professionals, it is all individual preference and what they prioritize when it comes to their future.

[btc78]

I think it depends a lot on the individual’s current economic state. They might be saving for a special occasion or maybe an unprecedented incident.

For example if they had put all their money into investments, it would be much more of a waste if they just take it out when time comes that they need it. You can’t say that they should just not sell it because you never know what kind of situation they are in. I think both savings and investment doesn’t necessarily need to be exclusive.

I think we should have savings and investment all at the same time.

[DabsPoorVersion]

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?

The thing is, not all people can take the risk of investment. Rather, they focus more on saving their money for the future they want to have using the money they are saving. There are some people who use their savings to invest, and some people who have money to save are directly putting their money for investment to make it grow than let it be stored as their savings.

It's all a matter of having a knowledge of when and where they will start their investment. Not everyone has enough knowledge and the courage to risk their money which is why most people outside the crypto space prefer to have savings than investing their money.

[gunhell16]

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?

Since I'm here now in the crypto space, savings and investment seem to be the same thing to me, because while I'm trying to hold crypto assets here in the field of cryptocurrency,
it's like I'm doing savings that have a high chance of making a big profit from the savings that I hold and accumulate.

So they are equally important to me because they give a good benefit to my stay in this industry of crypto space.

[AVE5]

There's a creative ideology in demands for persons to consider investing than saving. Most people makes this terrible mistake to being applauded that they've huge amount of money saved other than being lucrative and proud to say I've an active investing. They fails to understand that nomatter how huge an accumulated money could be, without a potential increments in values and in figures, when the money is set to be in used in solving your needs, it'd surely get exhausted somedays but if you've an active running investment, nomatter how little or incomes it maybe providing, you can always be reliable that it'd only take some times for you to solve some huge financial issues but meanwhile, your state of financial incoming is stable and reliable. That's a I say it'd be take you a longer way and inexhaustible like the saved huge amount of money.
Some persons don't really know the relationship between a man and money.

[Lanatsa]

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?

wa
Easy to say but how you would really be able to determine on what or which investment or business you would really be tending to build up? Are you aware business failure or mistakes?
Success on investment is never been easy and not something that you could really be able to assure out. You would really be still needing to have those considerations or factors on which
you would be needing to have because there's no such thing about guarantee on this world. When it comes to savings then we do know on how relevant on having a savings
on which it isnt really just that for the purpose of emergency funds but also for investment purposes on which this could really be able to help out on having that start up.
If you cant be able to bare up with the risks then it would be better not to take any actions rather than on doing move without any knowledge.

[tabas]

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?

While we are investors, there are those people mostly in the past that can't attain to invest and their only last hope during their retirement is their pension. We don't have the same tolerance with risks and that's why there are people for investments, and there those that are just chill and will rely to their life savings and pension when they're at their retirement age.

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.

Sad but true. However, they're also the ones that are honing us since we were young so I'd give credit to them for enriching each and everyone of us on top of our experiences. And on this matter, it's why it is a must that wages of educators must be increased. Otherwise, they have taken the career because it is their passion.

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?

I think it's also about what's injected by the wealthy people and the owners of the banking institutions to the public. They all want us to save our money for them to use it for their investments having that guarantee our money is safe with them.

[Natsuu]

Ditching the save-it-all approach for investing could make people richer. Savings don't exactly grow on their own but investments can rake in profits regularly. But to be honest, I think it's a matter of priorities. Teaching profession doesnt have anything to do with it. I started with savings then investment so I can say that I believe in both. Balancing savings and investments is a smart move. It's like having a backup plan with savings and letting your money hustle in the investment game. It's a solid strategy that covers your bases and opens up opportunities for growth

[MissNonFall9]

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?

You have rightly said that we will gain more by investing. Because investment produces money and sometimes leads to loss and savings do not produce money and do not grow, but their value may decrease due to long-term unused savings.
From my point of view, we should invest most of our earnings and save the rest for the future. Which can help us in any disaster in our future days. Because we know that there is a possibility of loss through investment.

[junder]

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?

some people definitely understand saving, because I think when they were young their parents definitely taught them to save and educated them because saving is not a bad thing, even though saving doesn't make you rich, that doesn't mean this is a bad thing, of course this is also It's a good thing even if the money you save doesn't grow by itself. Many schools in my area have savings for their students, and they can take it out when they are promoted or in urgent situations, but usually rarely anyone takes it out when it's urgent. I don't think saving is bad either, because I'm sure parents must teach their young children about saving.

Meanwhile, for investment, let's say investment has a side or opportunity for loss or loss of the money invested, but this can still be minimized by us having to have knowledge and skills in investing, also in my opinion, to make an investment, of course we have to save first, because it doesn't matter. maybe with little money. There are also things that must be paid attention to before investing, namely having reserve funds, emergency funds, or indeed savings, because of course we live in a reality where disaster can happen at any time, and it is impossible to overcome the problems that occur. investments that have not paid off well. Of course, to overcome problems that occur, there must be reserve funds or emergency funds.

[Kelward]

Savings and investments are both important for income earners, they're both supposed to serve different purposes, because it's not good to save all your income, neither to invest all of it. A higher percentage is supposed to go for investment, which should be for long term, while a smaller percentage will be for savings for the short term, this is because when emergency and important expenditures arises, the person will take money from savings to solve it, instead of liquidating the investment.

If you put savings and investments on a scale, and consider which one of them that will add more value in the future, then investment will carry the day, because savings can not give you the ROI that investment will bring to you in the future. Remember that you need to research before investing your hard earned money, because there are scam investments, so always go for reputable investments like Bitcoin.

[arwin100]

Savings and investments are both important for income earners, they're both supposed to serve different purposes, because it's not good to save all your income, neither to invest all of it. A higher percentage is supposed to go for investment, which should be for long term, while a smaller percentage will be for savings for the short term, this is because when emergency and important expenditures arises, the person will take money from savings to solve it, instead of liquidating the investment.

If you put savings and investments on a scale, and consider which one of them that will add more value in the future, then investment will carry the day, because savings can not give you the ROI that investment will bring to you in the future. Remember that you need to research before investing your hard earned money, because there are scam investments, so always go for reputable investments like Bitcoin.

Both is important for the fact that on investment we can't easily take out our money and provably we might encounter serious problem if we don't have enough money to spend on some issues.

Saving might be negative for some investors since some think thag she is just wasting some profit for doing that. But people fail to realize that once they are at emergency situation then there are people following or check their current situation.

For now there's only few bits left in my wallet but I make sure to save some for emergency since this is also important thing to consider.

[Rockstarguy]

Saving is very important and I most investment it always starts with savings. Savings becomes bad when people just save money and have no plan or idea on what to do with. I believe in saving and investment,  when one finds it so difficult to save some money it is impossible to start up an investment,  while the investment is still going on, some savings also needs to be done to expand the investment .

Some people  just concentrate only on savings thinking that they are doing the best thing by accumulating the money in the bank,  but when you save and invest money more money is being generated.  One thing about most working class people they so much believe in saving their money, many don't really have the idea of investing their money.  The reason why most working class don't bother themselves to invest their money is because they feel they are alright with the salary they earning and they think this salary is something they will always recieve.

[Fausto Arta]

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?

A teacher or lecturer only has an environment with students or students, and rarely joins an environment involved in business or investment. Therefore, they usually don't want to take big risks to start a business or invest, because most of their time is spent just studying and teaching. So we rarely see a civil servant or private employee having a side job, and most of them choose to save money in the bank or buy gold.

[0t3p0t]

Actually we can do both things like saving and investing at the same time. Saving fiat money for emergency funds and expenses while investing in our favorite assets like Bitcoin, crypto, precious metals and real estate is the smartest way of diversifying our assets or funds. Both will give us positive results over time but I know fiat is mostly affected by inflation but not a problem since we are still having our passive income from our investments.

[Dickiy]

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?

I don't want to discredit a teacher with a minimal salary and an uncertain retirement. Because the problem is not that they don't invest, but that the government's guarantees for teachers and honorariums are not paid attention to. Teachers deserve large allowances because their services to education are very important. At my place, honorary teachers really experience serious problems and it is worrying that their monthly salary is only around $15/month. Imagine with that little money they don't have anything to consider investing. Even living expenses alone will never be enough. So this is not to encourage them to invest, but rather to guarantee that their salary must first be stabilized and adjusted because after everyone can meet their needs, I am sure there will be additional options to expand their income, whether doing business, saving or investing.