Do you believe in savings or investment

[macson]

[]

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?

smart people will definitely invest their money in things that have the potential to provide long-term profits for them, instead of saving their money in the bank and waiting for it to be affected by inflation.

my uncle is really enjoying his life at the moment, he has managed to be financially free because of the results of the investments he made, he has even gone on holiday to various european countries to just enjoy life in his old age, he is a real example that i can see of the great benefits of investing for the long term future, i will definitely imitate his path because i really want to be like him, where i can enjoy life in old age without having to worry about what i should eat today or tomorrow.

[1714518649]

1714518649

[JoyMarsha]

What do you think?

My thought on this is that during the olden days what was invoked in people's minds was how to learn how to work and save money for taking care of their family and paying their bills that will come up in the present and the future.

The awareness or reasons for investing in the future weren't spread and known as it is now. The government and the banks were advising people to invest their money to have it secure without letting them know about the inflation that affects their money in the future.

It will not be as easy for most of our elderly parents or uncles who have leaned through all their lives on saving to invest. It is we who are beginning to get the right information about the importance of investment are the ones seeing the reason why people should invest for the future rather than saving, which brings no future gains.

[junder]

smart people will definitely invest their money in things that have the potential to provide long-term profits for them, instead of saving their money in the bank and waiting for it to be affected by inflation.

my uncle is really enjoying his life at the moment, he has managed to be financially free because of the results of the investments he made, he has even gone on holiday to various european countries to just enjoy life in his old age, he is a real example that i can see of the great benefits of investing for the long term future, i will definitely imitate his path because i really want to be like him, where i can enjoy life in old age without having to worry about what i should eat today or tomorrow.

Everyone of course wants financial freedom, including having profits that can be obtained in the future. and indeed, if people think about their future, they will definitely do what is best for themselves in the future, such as working hard to be able to have a lot of money and investing it so that it can be profitable in the future. It's just that not everyone can invest, because investing of course requires special skills, including knowledge that must be possessed properly regarding the aspects that bind investment, because profitable investments are long-term investments, but if investments are made without knowledge then I think it will all be in vain.

Even those who have a lot of money may not necessarily be able to invest if they don't have good knowledge about investing, but the good thing is that you can learn this if you really want to invest. For those of you who want to imitate your uncle, of course you also have to take the knowledge he has, because to get profits in the future by investing you have to do it as well as possible.

[Bobrox]

I hold or save around 10% of my assets in the bank and more than 90% put as investment assets in cryptocurrency, property and stock investment, I don't believe with saving will more profitable for the future behind how much money save in the bank without get return or profitable yet and have to face inflation of fiat year by year.
I know with all people future with financial freedom and has much saving money, but its not worth yet when save our money in the bank or other place without increasing yet and dropping values in the future by inflation moment.
Honestly to be financial freedom by having many investment assets and we are sleeping profitable come to us and difference when saving money in the bank without increasing yet although how many years save it.

[red4slash]

Even those who have a lot of money may not necessarily be able to invest if they don't have good knowledge about investing, but the good thing is that you can learn this if you really want to invest. For those of you who want to imitate your uncle, of course you also have to take the knowledge he has, because to get profits in the future by investing you have to do it as well as possible.

For this actually depends on the mindset because when those who have a lot of money sometimes have different thoughts compared to those who do not have it so when someone who still has conservative and old-fashioned thinking then no matter how much money they will have they will not be in investment. Not because they don't know but they don't want to because they prefer to keep their money in the bank which keeps the cycle the same because the assumption is that it is the most possible thing to make their assets safe.
But on the other hand there are also those who think better when they try to accept and follow the pace of the times where indeed investment is important but do not want to do anything related to risks that make their investment safer and more comfortable such as being in gold because it is indeed the most comfortable investment.
Regardless of anything when talking about investment it actually depends on the mindset no matter rich or poor all have the opportunity depending on how they determine according to their own perception.

[dansus021]

Back then I do believe in saving hard cash I mean money that I can physically touch or I put in the bank but after knowing crypto, knowing about stock and watch different movie now I do believe in investment.
I mean both are important, but in a pie chart I would prefer to put 25-30% in liquid cash and rest of it in investment.

I said a lot fiat is losing its value and inflation is increasing time by time so 1$ today will be different with dollar in the next 10 year or so. Investment is actually save us for the inflation etc Gold or Bitcoin is move above the inflation rate and could make us safe

Correct. In the past, information and developments were as easy to obtain as they are now, many people thought that saving at the bank was the best. However, since modern times, technology has increasingly developed, both savings in banks and investments, both of which are very important for us to include in our financial planning.

Indeed, the goals of both are similar for future financial freedom, but many people confuse investing and saving. They think one of them could be an alternative to achieving financial freedom. However, the reality is that saving is clearly different from investing. Because savings are just money that can be used at any time during an emergency, while investment is not like that but is for the future because with investment we will get much bigger profits in the future, whereas with savings it doesn't give big profits, in fact what happens instead it loses value due to inflation.

So I myself believe in investing in bitcoin and gold more than saving even though investment still has a high risk. However, I believe that the higher the risk, the greater the benefits we can get to achieve financial freedom in the future.

Because savings are just money that can be used at any time during an emergency this is what I am talking about bro and you got it right. So I myself believe in investing in bitcoin and gold more than saving even though investment still has a high risk. and this is very true since all investment is involving with a risk some people accept low risk but people like me and you accept more high risk approach. But keeping in cash also had it risk and that is de-valuation from time to time.

People have gotten wiser and only a few people are still saving cash all they do is invest in crypto and most of our parents still prefer to save cash than have an asset online.

Yeah you are right people are getting wiser nowadays, "Jumlah investor pasar modal Indonesia pada 20 Desember 2023 mengalami pertumbuhan 17,6% menjadi 12,1 juta. Pertumbuhan ini didorong oleh antusiasme investor muda yang terus meningkat" that is headline here in Indonesia meaning that more and more young people involved with Investing today and it grew Year on Year by 17%

I also prefer to invest rather than save the money. Investing has many benefits compared to saving. such as being able to increase the income we have, or being able to increase the value of the investment itself. However, this will have a positive impact. Starting from increasing the capabilities we have, to increasing assets. Although both are important, I also tend to invest more.

Yeah but we still need a liquid cash hahaha, but yeah Investment is important in our way of life

[bettercrypto]

What do you think?

My thought on this is that during the olden days what was invoked in people's minds was how to learn how to work and save money for taking care of their family and paying their bills that will come up in the present and the future.

The awareness or reasons for investing in the future weren't spread and known as it is now. The government and the banks were advising people to invest their money to have it secure without letting them know about the inflation that affects their money in the future.

It will not be as easy for most of our elderly parents or uncles who have leaned through all their lives on saving to invest. It is we who are beginning to get the right information about the importance of investment are the ones seeing the reason why people should invest for the future rather than saving, which brings no future gains.

They are equally important; actually, there are different people because, while making the savings, they are impatient to grow them while they are in the bank. So they are looking for another investment that they think can grow in a short period of time.

There are others who don't want to do the savings but are inclined to invest in investment schemes because they have experienced earning from a type of investment that made their capital grow immediately. At the same time, while they are making money from investments, they are also saving; in short, they are doing it at the same time.

[Dewi Aries]

Why do you have to invest when you don't have money to take care of yourself. To invest is to stay healthy and to stay healthy you must have enough to look after yourself. You can't invest when you don't have basic things, you might not have all what it takes to live life but you must have atleast the basic things to survive otherwise you will sell your investment without looking back.

If you are making an investment, you should have a little that you can use to survive or better still get a job to take care of bills because investment don't grow over night, it takes time depending on the type of investment you have made. You can also save for rainy days if must but don't touch your investment.

It's true that if we don't have sufficient finances then it's best not to force ourselves to invest, because in my opinion it's better to invest when our finances are stable. If we don't have good finances then we are not required to invest. Also, before making an investment, we have to be able to look at other things, what if something emergency happens, such as an accident or falls ill, of course to overcome this we have to have money to deal with it and if we don't have spare money, maybe what will happen is selling the investment. which has been done.

Indeed, profitable investments do not develop overnight. Of course, profitable investments are long-term and many people who invest are aiming for the future, not the present. Stable finances have a big role here, because it is not just to maintain the investments made, but to meet our needs and also the bad days that might occur.

[Vinaa77]

They are equally important; actually, there are different people because, while making the savings, they are impatient to grow them while they are in the bank. So they are looking for another investment that they think can grow in a short period of time.

There are others who don't want to do the savings but are inclined to invest in investment schemes because they have experienced earning from a type of investment that made their capital grow immediately. At the same time, while they are making money from investments, they are also saving; in short, they are doing it at the same time.

Of course, this will be very important for someone who is thinking about their future being better, because if someone doesn't have investments or savings then when they reach retirement age of course they have to still have work to do to be able to meet their needs. and I think every investment of course requires a process to develop well and no investment can grow in a short time.
Yes, it would be better if someone did these two things so that they can live their old age well, because if you can't have one of these two things then we have to try to be able to invest and also save.

[Hyphen(-)]

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.

Some of these teachers and lecturers know that investment is better than savings especially this inflation time; but they mostly don’t have options than to save the little earrings in form of pensions because the money doesn’t usually come ones, and most of them are not opportune to have access to the money until after their retirement , if not they could have used DCA method to invest some part of the money.

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?

People here are exposed and know the good benefits of privacy and financial freedom, that is why they venture into crypto investment. Investment can also refers to as savings depending on the angle you are looking at it because the money you already put into investment cannot be touched until the desire time reach. Both savings and investment are good and are all beneficial from both side, just that inflation always affect savings more than investment.

[junder]

Even those who have a lot of money may not necessarily be able to invest if they don't have good knowledge about investing, but the good thing is that you can learn this if you really want to invest. For those of you who want to imitate your uncle, of course you also have to take the knowledge he has, because to get profits in the future by investing you have to do it as well as possible.

For this actually depends on the mindset because when those who have a lot of money sometimes have different thoughts compared to those who do not have it so when someone who still has conservative and old-fashioned thinking then no matter how much money they will have they will not be in investment. Not because they don't know but they don't want to because they prefer to keep their money in the bank which keeps the cycle the same because the assumption is that it is the most possible thing to make their assets safe.
But on the other hand there are also those who think better when they try to accept and follow the pace of the times where indeed investment is important but do not want to do anything related to risks that make their investment safer and more comfortable such as being in gold because it is indeed the most comfortable investment.
Regardless of anything when talking about investment it actually depends on the mindset no matter rich or poor all have the opportunity depending on how they determine according to their own perception.

Yes, it is true that it depends on each person's mindset, because there are people who believe in investment and there are those who don't. Even if they have a lot of money, if they don't believe in investing then no investment will occur. What's more, investing requires skills and knowledge to help the investment run well, including making a profit. That's what is meant by everyone's thoughts being different, maybe they believe more in keeping their money in the bank even though it won't grow by itself.

People who don't invest doesn't mean they don't have a good mindset,  they definitely have their own reasons and it is each of us's right to believe or not in investing I myself have not been able to invest because my finances are not yet stable and because I am not yet interested in investing, but to save I definitely do, because I think everyone should save but not everyone has to invest.

[Bitco55]

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?

This is so true. I usually thought the main reason why a majority of these government workers weren't rich was cause they worked for other people. It's literally a spoken rule that people who worked for others are usually just well-to-do, not wealthy. But this issue of savings and investment really opened my eyes. If these monthly income was not only saved but also invested, it wouldn't take time for these people to actually make wealth. Besides, there are a lot of wealthy people now who started from working for other people.

Savings and investments are very important and shouldn't be neglected. Money saved can be spent tomorrow but money invested is for your future self.

[Nheer]

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.

Savings is also a very good way of minimizing waste of money and most workers you talk about prefer to save than invest because of the level of risk involved in investing. When saving there is really no risk involved as no profit is expected from saving money but when investing you take risk of running at loss as you are presented with the opportunity to make profits from the investment and so your investment could move either way. With this some workers are not really ready to take the risk of losing their money so they don’t end up losing part of their money or pension which they would have obviously budgeted for something else.

What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?

Investment is something that go either way making a person run at loss or at profit so with it’s uncertainty if those savings are turned into investments anything can actually happen, they could end in profit making the investor earn so much for himself and also there is every possible that they end up in loss. Both savings and investments have their own benefits and for such workers I don’t think they would be willing to go for investment because investment entails investing money you can afford to lose and no worker would be willing to lose their pension.

it could be it's better to have investment than savings.

I think regarding this you should rather speak for yourself because not everyone is willing to take the risk to invest and not everyone have the mindset to withstand the risk. Also we are humans and everyone will definitely have different preferences so some will tell you they prefer to go for savings than investments. I myself prefer investment to savings because i like taking risks and having fun and i kinda see savings like a boring thing.

[SickDayIn]

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.
What do you think?

Typically a lot of the pension funds are investment based funds, and not just holding cash.

We will start to see the adoption of Bitcoin in pension funds soon due to Black Rock BTC ETFs etc.

[Negotiation]

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.
What do you think?

Typically a lot of the pension funds are investment based funds, and not just holding cash.

We will start to see the adoption of Bitcoin in pension funds soon due to Black Rock BTC ETFs etc.

Everything depends on your affordability If you have more affordability then you invest some and keep some money in savings. But money management is very important. The better you are at money management, the better investment plans can work for you.

[btc78]

I hold or save around 10% of my assets in the bank

People are always emphasizing that we should not trust and use banks anymore however I think it is one of the safest place to store my fiat. You should still have some fiat on you always in case of emergencies.

You want to have something you can easily withdraw or retrieve even without the internet or something.

[erep]

I hold or save around 10% of my assets in the bank

People are always emphasizing that we should not trust and use banks anymore however I think it is one of the safest place to store my fiat. You should still have some fiat on you always in case of emergencies.

You want to have something you can easily withdraw or retrieve even without the internet or something.

Everyone has fiat assets in bank savings even though they don't trust banks completely, we can't possibly keep fiat in a drawer and carry cash every day, so choose a conventional bank from a government company and not a private company bank because it is feared that many cases of balance loss will be carried out by bank employees. , but they avoid providing information after the customer has suffered a loss.

So increase your vigilance if you keep a balance in a bank savings account, make sure you always record the last remaining balance in your account book.

[moneystery]

not everyone has good knowledge when investing, there are people who can easily choose a good investment instrument for them, but there are also those who have difficulty choosing it. and again, there are also people who don't want their money to decrease, since investing carries the risk that your money could decrease in value, because their goal is to save regularly, so they prefer to save compared to investing.

so there are several reasons people prefer to save compared to investing, because they think they are not suitable for investing. even though it could give them the potential to gain more profits.

[Jody.Drummer]

In this case we cannot ignore the fact that not everyone knows what investment is and not everyone knows how to invest properly and correctly or start investing, in fact there are always people who have a minimal range of knowledge who make it just know something more general like saving and this could be one of the reasons why some people, such as perhaps teachers, prefer to save.

I understand that this is a choice, but for some people they don't know what investment is and the benefits of investment itself, so they only have one choice, namely saving. And another thing is that even though, for example, an individual knows about the world of investment and its benefits, the fact is that there are always some of them who have a fairly high level of worry which makes them reluctant to get involved or put their money in an investment, they know there are opportunities for profits that can increase. the amount of money within a certain period of time but the possibility of risk is also always a consideration for those who have the possibility of delays or even making them disinterested.

[GbitG]

it could be it's better to have investment than savings.

I think regarding this you should rather speak for yourself because not everyone is willing to take the risk to invest and not everyone have the mindset to withstand the risk. Also we are humans and everyone will definitely have different preferences so some will tell you they prefer to go for savings than investments. I myself prefer investment to savings because i like taking risks and having fun and i kinda see savings like a boring thing.

Yep, indeed investment is far better than saving. But the point to be noted is that you should be aware of how much risk there is in it, That is, if you want to invest in Bitcoin, you should be fully aware that if you do not have risk management skills, then Your investment in Bitcoin is nothing but lose. Because Bitcoin has a highly unstable value, it can make your investment zero or even heroic.
 
So if your stance is on investment instead of saving, then you must first understand this golden quote "Invest those moneys that you can afford to lose" in which all factor analysis will automatically be discussed, that is, you should know all these things. It will happen, which can change the investment from a loss to a profit.
 
So it means that investing (Bitcoin) is a good thing, but you should first be aware of its cons, Like investing in Bitcoin, you should first have full knowledge of all the skills that an investor should know. It is necessary before investment. So then investment can be better for you than saving. Apart from this, investment can be in other things as well. It is everyone's own choice, some prefer less volatility and some like high volatility assets. Everyone has their own view on investment, but personally, i would go for bitcoin because i know all the things that can reduce the risk for me.
DYOR!