Do you believe in savings or investment

[leonair]

Well, in reality, not everyone is able to do it. Especially in lower developing countries where there are still many people who only have enough income to cover their daily living expenses. And they can't even set aside money to save or invest. This is because salaries are low in that country and the price of daily necessities is expensive there due to inflation. So implementing an investment and saving pattern and preparing an emergency fund can only be done if someone has a good income and still has plenty left over after meeting all their needs each month. And in developing countries, if we want to get a bigger income, the only solution is to become a successful businessman or have a side job outside of our main job. Because just relying on your main job will still not feel easy.

That's right, although saving money is mandatory, it's just that maybe some people don't do it because of their unstable financial situation, because there are people who have jobs and income but it's only enough to meet their daily needs, and because of that they can't set aside money to save let alone invest. But I think it's normal because everyone's finances are different, those who struggle to survive with unstable finances are already good.
I agree with you, saving and investing or preparing an emergency fund is only done by people who do have stable finances, for those who have inadequate finances even sometimes for daily life is difficult maybe not a problem, but they must be able to move to be able to improve their financial situation because they themselves can change it not other people or the government.

Unstable financial condition prevents us from saving because it becomes almost impossible to save to meet our daily expenses, the financial condition of the country and to meet the daily expenses of the family including ourselves. But when someone has the ability to save, instead of saving, he should invest that money somewhere so that he can get good returns from it, in addition to his savings, it will be possible to get a good profit too. that's why investment is better then servings

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[YOSHIE]

Do you believe in savings or investment.

Both are assets, whether in the form of cash, gold, Bitcoin, property and so on, basically these two things are really needed by society.

Talking about trust, of course I have to trust both, savings and investment methods are different, but both have useful benefits for us, investment in hope for the future and savings is useful when we need it, if I had to choose I would choose both.

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

It depends on what investment is being programmed, from these funds, what is certain is that many people have carried out such programs, for example they invest in land.
Historical facts:
Someone buys land for around $1000. After five years the land is turned into a coal field/factory, the land is paid for in cash many times over $100k, that's a long term investment that was never expected.

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.

I don't dispute that, maybe it's common in some countries, unless they have a side job, like a business etc.

[NASdaq]

Investments is better option only if it can outperform inflation significantly. Without crypto i would rather spend everything asap

[Jody.Drummer]

That's right, although saving money is mandatory, it's just that maybe some people don't do it because of their unstable financial situation, because there are people who have jobs and income but it's only enough to meet their daily needs, and because of that they can't set aside money to save let alone invest. But I think it's normal because everyone's finances are different, those who struggle to survive with unstable finances are already good.
I agree with you, saving and investing or preparing an emergency fund is only done by people who do have stable finances, for those who have inadequate finances even sometimes for daily life is difficult maybe not a problem, but they must be able to move to be able to improve their financial situation because they themselves can change it not other people or the government.

Unstable financial condition prevents us from saving because it becomes almost impossible to save to meet our daily expenses, the financial condition of the country and to meet the daily expenses of the family including ourselves. But when someone has the ability to save, instead of saving, he should invest that money somewhere so that he can get good returns from it, in addition to his savings, it will be possible to get a good profit too. that's why investment is better then servings

Yes, of course everything must be based on a good balance, or what this means is that if for example we don't have a good income then obviously saving is an act that is difficult to do, not because we don't want to but because the situation and circumstances don't support it. We understand that saving is a smart way as a preventative measure to overcome and minimize unexpected problems someday, but however, for people who have low incomes, this is a difficult action to take.

Saving can only be done by people who have a fairly good level of income or more than the average in general, but it is not impossible for poor people to save but on condition that they must first think of various ways to increase their income. such as looking for additional work outside of their main job to increase their income and when that action is successful they can save, and also yes on the other hand we cannot force someone to prefer investing rather than saving friends, because everyone has their own point of view. For one thing, even though investing can be profitable, there are always some of them who are too afraid of the risks involved in investing so they might prefer to save.

[Elissa~sH]

But it may be our mistake to think that only profit will be earned by investing because investment involves risk. If one has a proper understanding of Cryptocurrencies and can analyze coins well then he should invest his savings in Bitcoin. Because investing in Bitcoin will provide much more security than depositing their savings in the bank or investing in anything else even they will be able to earn huge profits from investing in this Bitcoin at some point.

Yes, you are right. It is not wise to invest in bitcoin if you do not know how to do so. But it is better to invest money in the bank than make a profit by saving. There are many other types, but others, such as investing in a business or sharing, will bring good earnings.
If you are considering investing in cryptocurrencies, you can invest in good, stablecoins such as BTC, BNB, etc. Rex cannot be taken; if you invest in a good coin, you will get a profit.

[decodx]

Yes, you are right. It is not wise to invest in bitcoin if you do not know how to do so. But it is better to invest money in the bank than make a profit by saving. There are many other types, but others, such as investing in a business or sharing, will bring good earnings.

You make a fair point that Bitcoin's not for everyone, but sticking your cash in a traditional bank isn't exactly "investing" either. It's more like watching your money slowly lose value to inflation.  If you're serious about making your money grow, you gotta explore some actual investment options and do some digging, no matter what you choose!  There are many options out there, like investing in businesses, real estate, precious metals or even other cryptocurrencies, but blindly jumping into anything is not good.

[erep]

Yes, you are right. It is not wise to invest in bitcoin if you do not know how to do so. But it is better to invest money in the bank than make a profit by saving. There are many other types, but others, such as investing in a business or sharing, will bring good earnings.

You make a fair point that Bitcoin's not for everyone, but sticking your cash in a traditional bank isn't exactly "investing" either. It's more like watching your money slowly lose value to inflation.  If you're serious about making your money grow, you gotta explore some actual investment options and do some digging, no matter what you choose!  There are many options out there, like investing in businesses, real estate, precious metals or even other cryptocurrencies, but blindly jumping into anything is not good.

The impact of losses that many people experience is because they choose to save money in the bank for deposits and get low interest profits, even though they could choose other, more profitable ways to invest in gold, property, business, crypto and others. I was surprised to see that the price of gold has increased as if following the direction of the crypto market price which has increased drastically and if only people were as ready as they were to own both assets then they would have achieved maximum profits rather than saving money in the bank which would cause losses due to inflation.

[Bako97]

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.

After going through the post and some replies, i see that including the "op" and some members support the motion that investments is the key to unlocking financial security.
They is a saying that goes thus; "if you want to be rich in life, invest/business, if you want to sustain your life, work for the government", to me, this is the much people needs to know about earning a lifestyle, then is left for them to pick which side they'll be on, because not everyone can withstand the rigor of investment.
My 2 cens.

[Cryptoprincess101]

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?

The mistake most people make more especially salary earners is believing on savings, saving money is good if one have the motives of acquiring an asset later but in most cases, it is always difficult to maintain a consistent savings lifestyle due to things that might erupt in the future and maybe we use our savings to sort them out. Saving money continuously without planning on owning an investment is a very wrong approach to wealth creation so purchasing an asset is more likely to be productive because it increases in value from time to time so even if you want to sell them in the future, you will make some good profits from it.

Civil servants and some oil company workers always have wrong perception of their earning as they believe that after their retirement, they will use their retirement benefits to purchase an asset but this is a very wrong approach because you may retire and the benefits may not come soon then at that point those who don't have an investment to back them up begins to find it difficult.

[Dewiana]

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.

Trust because official savings have been guaranteed by the government both in terms of security and the price of the currency we save, but if we have a lot of wealth, don't save it all, also set aside investments that are somewhat related to our activities because investment increases the value of the currency. we have, perhaps this strategy is independent of each individual, but if at any time there is a threat then savings becomes the main alternative, because bank savings are guaranteed internationally, but there is also a risk that when inflation occurs the effect is still there

[atookz]

I believe both are very important. The purpose of saving is to save money for a short-time and for needs that are needed at any time. Usually, these savings are very liquid and most people save their money in instruments whose funds can be withdrawn at any time. For example, savings in a bank account. The ease of withdrawing money from an ATM is a choice for some people to save their money at the bank. Meanwhile, investment is saving a certain amount of money for long-term needs and is not money that is used for other needs. Usually people who invest will not withdraw their money in a short period of time and tend to place their money in rigid (illiquid) instruments.

[Furious 7]

The impact of losses that many people experience is because they choose to save money in the bank for deposits and get low interest profits, even though they could choose other, more profitable ways to invest in gold, property, business, crypto and others. I was surprised to see that the price of gold has increased as if following the direction of the crypto market price which has increased drastically and if only people were as ready as they were to own both assets then they would have achieved maximum profits rather than saving money in the bank which would cause losses due to inflation.

That's true, but sometimes many people don't think so and we can't blame them, any investment still has risks, such as gold which will drop in price slightly when we sell it and investing in land that cannot be sold immediately when we need money urgently and also investing in Crypto which has very fast price movements making it possible for us to experience losses or vice versa.
So every investment has risks and not everyone is ready for this so they choose to save their money.

And I think this is the reason why some people prefer to save rather than invest, none other than because they feel too worried about the possibility of risks that can occur at any time, so with a high level of worry and tension, they prefer to discourage themselves from any investment field. However, it is basically as you said that any type of investment will always have the possibility of risk in addition to the profit opportunities.

Of course everyone has their own point of view and perspective on whatever they find, and maybe there are always some people who really don't know what investment means which makes them prefer to save because they think that there is no other way to save money except saving, and there are also some people who are too afraid of possible risks. Everything always has its advantages and disadvantages as in the case of saving or investing and everyone has a different perspective and point of view, so only they can really decide about what is best to make a choice.

[Jody.Drummer]

I believe both are very important. The purpose of saving is to save money for a short-time and for needs that are needed at any time. Usually, these savings are very liquid and most people save their money in instruments whose funds can be withdrawn at any time. For example, savings in a bank account. The ease of withdrawing money from an ATM is a choice for some people to save their money at the bank. Meanwhile, investment is saving a certain amount of money for long-term needs and is not money that is used for other needs. Usually people who invest will not withdraw their money in a short period of time and tend to place their money in rigid (illiquid) instruments.

It's clear that both are equally important to be able to have, but I don't think everyone can invest because I think to invest, of course we have to have a certain amount of money to invest. In terms of saving, it can really help us meet our needs at any time, and I think It's true that everyone has to do saving, but there are people whose finances are very unstable, even just to meet their daily needs they usually always have a shortage and I don't think people like this can save even if they want to.

investments must be made over a long period of time, if they cannot hold it then they may be able to withdraw it in a short period of time but that is unlikely to produce a profit, because profitable investments are investments that are made over a long period of time. and not everyone can do this because it's not easy either.

[Stable090]

I believe both are very important. The purpose of saving is to save money for a short-time and for needs that are needed at any time. Usually, these savings are very liquid and most people save their money in instruments whose funds can be withdrawn at any time. For example, savings in a bank account. The ease of withdrawing money from an ATM is a choice for some people to save their money at the bank. Meanwhile, investment is saving a certain amount of money for long-term needs and is not money that is used for other needs. Usually people who invest will not withdraw their money in a short period of time and tend to place their money in rigid (illiquid) instruments.

Within their own protocols, they operate efficiently. They obviously collaborate with one other, even though one can cover for the other. Not only does saving money work best in emergency situations, but it also makes sense to save money for a down payment on a home or automobile, the decision of what to save for is entirely up to you. You own the money, so you can do with it whatever you like. If you look at banks there different type of account depending on the goal and if its a savings account how you operate the account is your choice you can have easy access to funds or even restrict it depending or how you want the whole thing to be. And if your saving for investment then you will know what step to take towards archiving that goal either saving or taking a loan but both saving and investment is important.

[junder]

Unstable financial condition prevents us from saving because it becomes almost impossible to save to meet our daily expenses, the financial condition of the country and to meet the daily expenses of the family including ourselves. But when someone has the ability to save, instead of saving, he should invest that money somewhere so that he can get good returns from it, in addition to his savings, it will be possible to get a good profit too. that's why investment is better then servings

Indeed, we must be able to meet our daily expenses, such as food, which must be prioritized because that is what can make us survive. With so many people in existence, of course every person or family has different finances. There are also those who have good finances. I don't think they also invest because even though they have good finances, that doesn't mean they can invest as much as they want without any knowledge. In my opinion, investing or saving has a role, namely risk.

Maybe it sounds like it's better to invest in order to make a profit in the future, but now we can see that with the many people here, even I don't understand investing well, maybe they have their own plans, whether it's saving that doesn't produce a profit or they do investment, but I think everyone can save if their finances are stable, whereas for those whose finances are unstable I don't think they will do it even though they have income but it is only enough to save and only fulfill their daily needs. then it will be difficult for them just to save money.

[erep]

The impact of losses that many people experience is because they choose to save money in the bank for deposits and get low interest profits, even though they could choose other, more profitable ways to invest in gold, property, business, crypto and others. I was surprised to see that the price of gold has increased as if following the direction of the crypto market price which has increased drastically and if only people were as ready as they were to own both assets then they would have achieved maximum profits rather than saving money in the bank which would cause losses due to inflation.

That's true, but sometimes many people don't think so and we can't blame them, any investment still has risks, such as gold which will drop in price slightly when we sell it and investing in land that cannot be sold immediately when we need money urgently and also investing in Crypto which has very fast price movements making it possible for us to experience losses or vice versa.
So every investment has risks and not everyone is ready for this so they choose to save their money.

Everyone has different financial management but the best option is savings and investment because these two are important points in stable financial management, the reason is because investment is for long-term asset management so it is not feasible for emergency needs, the right solution is to have cash savings for emergency needs so that we there is no need to sell investments unless we need high funds.

Although some people are not ready for investment risks because they do not have enough budget for investment, in fact there is no risk if they are ready to invest for the long term, for example the price of gold never falls drastically in the long term and the price guarantee continues to increase, another fact is that crypto prices Also never experience losses if you are ready to hold long term.

[Smack That Ace]

because the value of inflation is always higher than the value of bank interest. so saving money is actually a loss not a gain.

But do you only want to save for long-term goals, because usually people will save for short-term goals such as 3 or 5 years, and also to meet the needs of themselves and their families.

Actually when talking about the strength of value I don't think it matters whether it is long or short term because everything plays the same role where the value will definitely decrease whether it is for the long term or the short term which only ranges from a few years of therapy on the other hand we must be aware that even though for Fiat it is certain in terms of value it will decrease still we cannot let go of it even though it becomes a loss for us because after all it is a thing that must exist in the end considering the needs we have until now are still based on Fiat so inevitably it still has to exist and allows it to be owned so that the needs we need either unexpectedly or unexpectedly can still be anticipated quickly so that in the end saving money in Fiat still has to be done.

No offense, but I will say frankly that if you pay attention, only people who don't have a lot of money, those who are dreaming of huge profits from their small investments, say that saving is a waste, bad...I have never seen a rich person, billionaire or businessman say that saving is stupid or a bad idea.

Don't use the excuse of inflation, currency devaluation... and then say saving is a waste. If we have a plan to balance everything in life, we will see the importance of saving and investing.

[coinerer]

I believe both are very important. The purpose of saving is to save money for a short-time and for needs that are needed at any time. Usually, these savings are very liquid and most people save their money in instruments whose funds can be withdrawn at any time. For example, savings in a bank account. The ease of withdrawing money from an ATM is a choice for some people to save their money at the bank. Meanwhile, investment is saving a certain amount of money for long-term needs and is not money that is used for other needs. Usually people who invest will not withdraw their money in a short period of time and tend to place their money in rigid (illiquid) instruments.

Within their own protocols, they operate efficiently. They obviously collaborate with one other, even though one can cover for the other. Not only does saving money work best in emergency situations, but it also makes sense to save money for a down payment on a home or automobile, the decision of what to save for is entirely up to you. You own the money, so you can do with it whatever you like. If you look at banks there different type of account depending on the goal and if its a savings account how you operate the account is your choice you can have easy access to funds or even restrict it depending or how you want the whole thing to be. And if your saving for investment then you will know what step to take towards archiving that goal either saving or taking a loan but both saving and investment is important.

Yes if one thinks about his emergency moment then savings is much better than investment. Because savings can be used anytime anywhere in an emergency but money cannot be withdrawn from investments immediately in an emergency moment. Again savings will only save some money of a person's income but investment savings will serve as a source of income as well. So both are very important for us.  It is a better option to keep some savings for emergency use and invest the rest money

[red4slash]

Actually when talking about the strength of value I don't think it matters whether it is long or short term because everything plays the same role where the value will definitely decrease whether it is for the long term or the short term which only ranges from a few years of therapy on the other hand we must be aware that even though for Fiat it is certain in terms of value it will decrease still we cannot let go of it even though it becomes a loss for us because after all it is a thing that must exist in the end considering the needs we have until now are still based on Fiat so inevitably it still has to exist and allows it to be owned so that the needs we need either unexpectedly or unexpectedly can still be anticipated quickly so that in the end saving money in Fiat still has to be done.

No offense, but I will say frankly that if you pay attention, only people who don't have a lot of money, those who are dreaming of huge profits from their small investments, say that saving is a waste, bad...I have never seen a rich person, billionaire or businessman say that saving is stupid or a bad idea.

Don't use the excuse of inflation, currency devaluation... and then say saving is a waste. If we have a plan to balance everything in life, we will see the importance of saving and investing.

It doesn't matter because everyone has their own perception and when a billionaire doesn't say saving money is just an act of futility because they realise if they say that then they will indirectly destroy themselves with the statements they say so they are more careful to say a sesnistive thing like this because after all they must be aware that when they become someone rich then they can directly become an influencer for their followers so that all forms of what they say or do will be followed. However, they must be aware that when they become someone who is rich, they can indirectly become influencers for their followers so that all forms of what they say or do will be followed and once the mistake can actually have a fatal impact on themselves so that by looking at it it is very natural when they are careful to do or say a statement that will harm them.

Not saying that saving money is an action that will only reduce the value of the money they have does not mean they do not hate it but they have other options by developing the money they have because it doesnt only have to save . In fact even billionaires who still glorify fiat do not use their money just to save but they develop with business or investment even though they are not in crypto, they still invest in other forms and that is certainly not saving.

[GeorgeJohn]

Investment is the best option someone can venture into it and also make the profit but some people may prefer service than investing their money neither cryptocurrency or area state management we've all come venture into it in order to make a profit because I prefer investment more than savings for long-term, because a savings does not add values in your investment