Do you believe in savings or investment

[niall51]

I believe in investing more than saving because if we only save we won't be rich. The money we save just sits there and is eaten up by inflation, so indirectly the value of our money decreases every year. If we invest our money, at least it is eaten up by inflation, even though there is Personally, in my opinion, there are some risks that we take, so I prefer investing rather than saving

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[southerngentuk]

Investing can be a dazzling prospect, a chance to watch your money blossom over time. Pension funds are a perfect example – a team of experts carefully tending your financial garden. But let's face it, not everyone has a green thumb. Investing is like turbocharged saving. It's about putting your money to work, aiming for growth that outpaces a simple savings account. But unlike a piggy bank, investments come with a bit of a wobble – risk.

Just like top stocks can take a tumble, there's no guarantee in investing. Remember, even the experts get it wrong sometimes.  Cryptocurrency? It can be a goldmine for some, a landmine for others.  FOMO  can cloud judgment, leading to impulsive investments that fizzle out faster than a firework. So, where does that leave us?  Saving isn't a bad option, especially for those laser-focused on their careers. But with today's low-interest rates, even bank accounts struggle to keep pace with inflation.

The truth is, there's no magic formula. Investing might not be for everyone, and that's okay. The key is to find a financial strategy that aligns with your goals and risk tolerance. There are plenty of resources available, from books to online courses, to help you navigate the world of investing.

[Antotena]

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 think so but I doubt it if it's that accurate. The internet has exposed everyone to what we our parents didn't know early but even at that, it's not everyone that save their money, if they save is perhaps they are trying to gather some money together and then invest in things like housing, buying of properties and some goes into real estate. However, we the 20 century generation prefer online investment and more reason why we have everyone introduced to Bitcoin today.

If you remove Bitcoin from the internet and real estate and ask people to invest in any other investment, they wouldn't have anything tangible to invest into and even if they have they will say that the profits is low as compare to the usual 100% that can be gotten in some coin online. Just know that the way we have many online people that do invest and don't make profits is the same way we have people that save but don't save for long time.

[Adams0001]

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

Saving money is not a bad thing, but if you want to expand your money you need start investing. You need to save money before you can invest in real estate or cryptocurrency some people save money for emergencies or family troubles. Because any money you save will still be returned to you, but if you invest in it and the market does not go well and your fund you invest as reduced, and you need money quickly to solve your problem, and the money you invest is down, what can you do to get the money back, You will likely start borrowing money to add to solve your issue.

That is why it is best to find a source of funding so that you do not run into any problems when you begin your investment adventure and do not touch the funds of your investment. In my opinion, both saving and investing are beneficial since you never know what will happen if you invest all of your money and do not save any. He will cause you to borrow when you do not have any money to recover.

[Xxmodded]

Saving is old method teach by our parent do not understand well with investment right now and most of them still lack knowledge with inflation risk when saving our money. Its not wrong with our parent how to secure our money for saving but right now in the modern era have many site promising much profitable trough trusted investment why still hold and put our money in saving assets?
I think the era or saving money in the bank or put it under bellow have been over and right now saving is not only secure our money but also how to make it more increasing,
don't make we work for the money but make money work and give much profitable for us trough investing our money in trusted site from stock until cryptocurrency investment.

[Ben Barubal]

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

Saving money is not a bad thing, but if you want to expand your money you need start investing. You need to save money before you can invest in real estate or cryptocurrency some people save money for emergencies or family troubles. Because any money you save will still be returned to you, but if you invest in it and the market does not go well and your fund you invest as reduced, and you need money quickly to solve your problem, and the money you invest is down, what can you do to get the money back, You will likely start borrowing money to add to solve your issue.

That is why it is best to find a source of funding so that you do not run into any problems when you begin your investment adventure and do not touch the funds of your investment. In my opinion, both saving and investing are beneficial since you never know what will happen if you invest all of your money and do not save any. He will cause you to borrow when you do not have any money to recover.

     There are people who want their money to grow through the investments they see, because there are many tools that can be used to make money. In fact, we just have to be wise in choosing the investments that we make because there are just as many Ponze schemes and scammers running around.

     Now, in terms of savings, that's fine if we're talking about security, and when you go to another country, you also need to have a bank account in the bank. But it is still better for our investment to really put our capital into something like cryptocurrency or bitcoin.

[boyptc]

Well I think having savings saved up is more important then a investment. There is times is our life when we need money to have basic things like food, clothing, and shelter.

That's true but I disagree about it being more important than investment. We can compare a situation like we've been holding bitcoin as this is considered as an investment than we choose to save money in the banks or wherever you are saving your fiat.

It is only a good idea to invest if we can afford to lose those funds. There is no way to make sure we get good profits from a investment. But having a savings we know our funds are safe and we can use them when we have to.

This is also true.

There is no guaranteed cash back in investments and it's like a gamble but once you're able to see that there's an opportunity within, you're going to get as much as you can and will get addicted to it than saving.

[Smartvirus]

One thing that is there to understand is that, these are two things that can’t do without themselves in a persons life on your journey to be and even as a successful person. You need to practice both never equally.
First, savings is the first step to any form of investment. Investment requires a definite capital and to be able to have a well enough capital that could prove enough for certain investment, you must first of all save for the activity.

Now savings doesn’t guarantee wealth, it gives you a vague sense of wealth and could be lost by a single misfortune. You could relate certain misfortune to investments as well but, while one might be from bad decision making which could be evaded, the case for savings is usually accidental and you don’t really get to predict that.

Savings diminishes but, investment doesn’t. It grows with time and could as well enrich your savings! That’s what makes it preferable.

[SatoPrincess]

Both are good financial choices. Most of the comments favor investments. Having savings is a good practice. The smart way to save money is to get your money in currencies that are less likely to depreciate in the forex market. To put this into perspective, I live in Nigeria and my savings is in USD. By doing so, I’m also making an investment because the value of the naira/dollar pair will always have the US dollar coming on top.

[poodle63]

Both are good financial choices. Most of the comments favor investments. Having savings is a good practice. The smart way to save money is to get your money in currencies that are less likely to depreciate in the forex market. To put this into perspective, I live in Nigeria and my savings is in USD. By doing so, I’m also making an investment because the value of the naira/dollar pair will always have the US dollar coming on top.

its definitely investment when our own currency seem to be depreciating more often than its pair that is USD.
i've personally done the same, USD so far is the best for saving in foreign currency its just really stable and also usually wins against most of the currency around the world.
but undeniably cryptocurrency chart shown significant gain wealth countering the inflation I think thats why i also prefer to allocate majority of my coin to the cryptocurrency
especially the altcoin ones where it can gain 10x of initial investment, overall i've been satisfied with how my investment yields, its been a good year overall despite already being struck
by some crisis back then when pandemic was still a thing.
overall, I think anyone that got excess money they don't use should reinvest it just for the sake of growing it just in case.
whether you gonna use the money or not is a problem to be thought about later on, there's no hurt in growing our own capital.

[God bless u]

I think they both are an important part of your life and they both are essential in some way to everyone. Savings help you out when you suddenly need some money and your needs are to be fulfilled immediately. Investments on the other hand help us to grow our earning portfolio and increase the amount of annual earning so that we can spend well on our lives.

If one of them is missing then we will feel a lack of money in certain aspects of our lives so we have to create a balance between savings and investments as well as expenditures so that we can live a healthy, joyful yet responsible life.

[sokani]

Both saving and investment are quite good but I prefer to invest more than to save because saving cannot make you rich but investment can. If you're a salary earner and you're earning let's say $500 per month. As someone that's the bread winner of the family, it will take you forever to settle the family bills, and also save up to execute major projects. But if you're earning such amount of money and also putting your money in the right investment, you can easily make your dream a reality.

[leonair]

Both saving and investment are quite good but I prefer to invest more than to save because saving cannot make you rich but investment can. If you're a salary earner and you're earning let's say $500 per month. As someone that's the bread winner of the family, it will take you forever to settle the family bills, and also save up to execute major projects. But if you're earning such amount of money and also putting your money in the right investment, you can easily make your dream a reality.

Savings are unable to keep pace with inflation as commodity prices rise day by day. So I believe in investments more than savings. Again, there is a possibility of loss in investment. Here, if a person invests in something wrong, he can lose his entire money, and if he invests in the right place, he can face inflection as well as profit. There is a saying that no risk no gain to gain in life one must take risk.  So I think you should save some money only to meet emergencies and invest the remaining money in different sectors.

[Gormicsta]

Well, for me, I think I'll go with the two because saving can help when emergency or unexpected needs happen, and investing is also necessary for the years to come. And investment can make someone wealthy for a lifetime, although saving is a short-term availability; in the event of an emergency, you can immediately use your money to help yourself, whereas investing does not allow you to access your money for a set period of time. So it is essential that you save in addition to investing. It is also necessary to understand the danger that exists between the two.

[retreat]

I don't feel that it is a mistake when someone prefers to save their salary rather than investing it. Because not everyone wants to invest their money, either because their knowledge is limited to it or for other reasons. So whether someone saves or invests doesn't matter, because both are equally good, but it's even better if both things are done together.

[eightdots]

I don't feel that it is a mistake when someone prefers to save their salary rather than investing it. Because not everyone wants to invest their money, either because their knowledge is limited to it or for other reasons. So whether someone saves or invests doesn't matter, because both are equally good, but it's even better if both things are done together.

When asked whether it is better to invest or save, we might say why not both? Everyone has different opinions on this issue and many opinions are useful. Sometimes we invest, sometimes we save, depending on the circumstances of the time. Acting according to our needs does not always make us do the same thing, so I agree with what you say.

Sometimes we can choose to invest and sometimes we can choose to save. If you know when it is a good time to invest or when it is a good time to save, you can do both.

[Fatunad]

I don't feel that it is a mistake when someone prefers to save their salary rather than investing it. Because not everyone wants to invest their money, either because their knowledge is limited to it or for other reasons. So whether someone saves or invests doesn't matter, because both are equally good, but it's even better if both things are done together.

When asked whether it is better to invest or save, we might say why not both? Everyone has different opinions on this issue and many opinions are useful. Sometimes we invest, sometimes we save, depending on the circumstances of the time. Acting according to our needs does not always make us do the same thing, so I agree with what you say.

Sometimes we can choose to invest and sometimes we can choose to save. If you know when it is a good time to invest or when it is a good time to save, you can do both.

I would definitely be saying the same on which why wont be taking both if you could actually be able to do it? When it comes to savings then this is something that should be in default but if you do saw
that you are really just that having no progress in towards your living or on how much you do earn then it would really be that wise that you should make use of those savings for you to make investment.
It would really be that much better that you should really know on what you are doing and taking up some risks for you to be able to enhance up yourself on having a better living.

Although not all would really be able to bare up with the risks on which they would rather be that tending to stay still and would really be that totally that contented on what
they do currently have. It would be your choice though because not all would really be risk takers and there are ones who are really that playing safe.

[fuguebtc]

I don't feel that it is a mistake when someone prefers to save their salary rather than investing it. Because not everyone wants to invest their money, either because their knowledge is limited to it or for other reasons. So whether someone saves or invests doesn't matter, because both are equally good, but it's even better if both things are done together.

When asked whether it is better to invest or save, we might say why not both? Everyone has different opinions on this issue and many opinions are useful. Sometimes we invest, sometimes we save, depending on the circumstances of the time. Acting according to our needs does not always make us do the same thing, so I agree with what you say.

Sometimes we can choose to invest and sometimes we can choose to save. If you know when it is a good time to invest or when it is a good time to save, you can do both.

I would definitely be saying the same on which why wont be taking both if you could actually be able to do it? When it comes to savings then this is something that should be in default but if you do saw
that you are really just that having no progress in towards your living or on how much you do earn then it would really be that wise that you should make use of those savings for you to make investment.
It would really be that much better that you should really know on what you are doing and taking up some risks for you to be able to enhance up yourself on having a better living.

Although not all would really be able to bare up with the risks on which they would rather be that tending to stay still and would really be that totally that contented on what
they do currently have. It would be your choice though because not all would really be risk takers and there are ones who are really that playing safe.

This issue has been discussed many times and no one forbids us to use both, why do we always want to choose one? Saving for emergencies and investing gives us the opportunity to increase our assets for a better future. Both are necessary needs for us to have a good life. But it's funny how many people act smart when they don't need to save and will invest all the money they have. Have they ever thought about what they would do if their investments lost money and they encountered difficulties in life? If they don't have savings, what will they do?

[Iroh]

Savings can only make you wealthy while invest can make you wealthy and protect your wealth.

So if people only know savings, their wealthy will keep declining after they stop to work because their money won't surpass the inflation rate and your monthly bills.

I don’t think having just your savings no matter how much it is would make one wealthy. Perhaps a little rich but definitely not wealthy. Problems which could arise from time to time would have to be solved and what better place to take money from than your Savings? With only your savings, one cannot be wealthy.
Investments on the other hand like you noted, protects and grows your income thereby steadily increasing your wealth. Your savings in the bank would surely be affected with the steady increase in prices over the years and the purchasing power won’t be as strong as when you first put it in the bank decades ago.

You’ll need to think of several avenues to have your savings stocked up in the bank start to generate more income for you. That’s how to attain wealth.

[uneng]

This issue has been discussed many times and no one forbids us to use both, why do we always want to choose one? Saving for emergencies and investing gives us the opportunity to increase our assets for a better future. Both are necessary needs for us to have a good life. But it's funny how many people act smart when they don't need to save and will invest all the money they have. Have they ever thought about what they would do if their investments lost money and they encountered difficulties in life? If they don't have savings, what will they do?

Sometimes people don't have enough money to save and invest at same time. They have to choose one or another. If they focus only on emergencies, they won't be able to thrive financially, because all their money will be destined to this sector. So, they have to risk not saving and putting all their money into investments, expecting them to bear fruits in the future, which may come in the short or long term. It's not an easy decision, but I'm in favour of this, since it would be a very harsh, monotonous life to only think about emergencies while neglecting the possibility of achieving a more wealthy life quality in the future.

Personally, I prefer to die trying, than live an entire life without achieving anything. If I face an emergency without any saved money for it, I will die resigned, because I will be conscious to be persuing something better for me and people around, even though I failed in the middle of the process, for something which was beyond my control. On the other hand, if I lived an entire life remedying emergencies, without reaching anywhere, I would feel completely frustrated for not leaving the comfort zone and not taking risks for something better in life.