Take care of your money and learn to save.

[uswa56]

From my experience seeing the condition of society, there are lower, middle and upper economic classes. The middle to lower class will find it difficult to save because money is always used for necessities. For the middle to upper class it is also divided into 3, spending money on lifestyle, business and investment.

And if what we are going to discuss here is how to take care and save money, then the most appropriate choice is to buy a plot of land. It will always be profitable even forever. We also don't need to bother paying administration every month, and only pay annual taxes.

Some middle to lower class people will of course prioritize their daily needs compared to saving because the income they get from the work they do is not enough to be able to think about saving and investing and they can survive on the income they get, however if they have enough income, of course they will be able to try to set aside part of the income they earn to save and even invest, and some of the upper middle class will of course be able to use some of the income they have on things that can benefit them as you have mentioned, but if they are not good at managing the income they have, of course they will spend more on their lifestyle and not think about their future.

By buying a plot of land, of course this will benefit us, but we have to have a lot of money because the current price of land requires a lot of money to be able to buy it and if we really want it, of course we have to be patient in saving so we can own land.

[C10H15N]

Most people in North America live under a “debt is the American dream” and consider debt to be good. They don’t teach anything about debt in high school. And this is the reason why so many people become buried in debt as they age.

Look at how many people are paying over $1000 a month for a car loan, this is crazy. $1000 a month used to be a mortgage but now people are paying that much for depreciating assets with interest.

And it can easily spiral out of control and you can forget about saving anything when you are this deep in debt.

QFT

100% Correct.  Government and society encourage financial illiteracy.  Debt (student loans, car loans, credit cards) will keep most people in debt slavery and poor for their entire lives.

A high credit score is not a measure of success, it is a measure of how good a debtor you are.   Your goal should be to be totally debt free and build your investments and other appreciable assets.

What you want is a high net worth (net worth = assets - liabilities)  that's easier when your liabilities are zero and not actively working against your wealth building.   

[Jody.Drummer]

I think investing can be better than saving. Investing in gold or land will keep our money safe. We should try to invest a small amount every month to do something good in the future. If we invest a small amount from now.  We can keep it but it can bring us a lot of profit in the future. So those who are smart think about the future and keep everything organized from now.

Investing is indeed better than saving. Because investment can increase the value of the money we invest. But saving us only accumulates money. But money itself will not increase in value. In fact, the opposite. That is, currencies tend to experience inflation either slowly or quickly. So saving is not recommended in cases that could be affected by inflation. Unless our savings are in other forms such as gold bars and the like.
I also prefer to invest rather than accumulate money in savings. Because from investment we can expect financial freedom in the future. But the most important thing is that we have to invest in several things. And don't invest in just one thing.

Right, you mentioned the advantages of investing which is one of the simple ideas that we can get an increase in the value of our money over time, while saving obviously has the risk of being affected by inflation that can occur at any time, meaning that if our goal is to accumulate money in the long run then it is better to invest in whatever assets we know and that we trust. And on the other hand it's actually not a problem to save as long as you don't save for the long term, or the intention is for something we are aiming for in the future, because of course inflation will continue to reduce the value of our money, so if you really want to save then it's better to use the goal for the short term or for example for an emergency fund for the next month just in case of some unwanted things such as for example you or anyone in your family experiencing illness where the savings can be useful to fund hospital costs without having to interfere with the usual living needs of you and your family for one not the next before you receive new income.

So there are three things you should prepare for in this case, first is obviously saving money for all the costs of needs that have been calculated for the next month for example, and second is saving in the short term to solve unexpected problems, and third is investing some other amounts in assets that you trust in the long term with the aim of achieving financial freedom in the future as you said.

[AmoreJaz]

Most people in North America live under a “debt is the American dream” and consider debt to be good. They don’t teach anything about debt in high school. And this is the reason why so many people become buried in debt as they age.

Look at how many people are paying over $1000 a month for a car loan, this is crazy. $1000 a month used to be a mortgage but now people are paying that much for depreciating assets with interest.

And it can easily spiral out of control and you can forget about saving anything when you are this deep in debt.

QFT

100% Correct.  Government and society encourage financial illiteracy.  Debt (student loans, car loans, credit cards) will keep most people in debt slavery and poor for their entire lives.

A high credit score is not a measure of success, it is a measure of how good a debtor you are.   Your goal should be to be totally debt free and build your investments and other appreciable assets.

What you want is a high net worth (net worth = assets - liabilities)  that's easier when your liabilities are zero and not actively working against your wealth building.   

Later on, these people will understand that it is better to live your life without debt, even if your life is so simple without luxury. Rising everyday to work just to pay for your debts. That's not a life that you will want for you for the rest of your life. This is why it is understandable that some people will sell all what they have and move to a countryside and just live within their means, not worrying about mortgage and other monthly bills. Some go off grid and just buy a trailer truck. You are freeing yourself from other material things that you don't need in life.

[Dewi Aries]

QFT

100% Correct.  Government and society encourage financial illiteracy.  Debt (student loans, car loans, credit cards) will keep most people in debt slavery and poor for their entire lives.

A high credit score is not a measure of success, it is a measure of how good a debtor you are.   Your goal should be to be totally debt free and build your investments and other appreciable assets.

What you want is a high net worth (net worth = assets - liabilities)  that's easier when your liabilities are zero and not actively working against your wealth building.   

Later on, these people will understand that it is better to live your life without debt, even if your life is so simple without luxury. Rising everyday to work just to pay for your debts. That's not a life that you will want for you for the rest of your life. This is why it is understandable that some people will sell all what they have and move to a countryside and just live within their means, not worrying about mortgage and other monthly bills. Some go off grid and just buy a trailer truck. You are freeing yourself from other material things that you don't need in life.

Debt is something that will complicate life, it is certain that in their daily lives they will definitely feel pressure and tension for fear of not making money that day to pay various bills, although some things cannot always be tolerated such as paying installments for something they really need in life such as electricity, or water, but sometimes mindsets and lifestyles often trap people in various pressures, it is the same as they create problems for themselves. Spending money or getting into debt for something that is really needed in life is indeed a natural action if you cannot or do not have the ability to buy it in cash without leaving debt, but often most people these days prioritize prestige by buying various things or items that they don't really need, meaning that many people prioritize wants over needs, which makes it difficult for them to move forward and maybe their daily lives will only work to pay various installments, meaning that when your expenses exceed your income that you do on purpose then obviously it will only cause various pressures.

[frnandoh]

Money doesn't allow to be insulted, if you don't respect it, it will punish you. I learn too that I shouldn't have to permit myself to lose earned money, one time that some money make a part of any of my accounts, that money is mine, so I have to give it the suited importance.

[wmaurik]

Money doesn't allow to be insulted, if you don't respect it, it will punish you. I learn too that I shouldn't have to permit myself to lose earned money, one time that some money make a part of any of my accounts, that money is mine, so I have to give it the suited importance.

That is something that is absolutely necessary for anyone to look after because as long as the money can still be used in good places and also for more useful work, of course we have to look after it very well. Because money that is used wisely can definitely take its owner in a better direction and can also provide quite good dignity if the owner is successful enough in the business field that he is doing with that amount of money. So you yourself will never lose if you continue to look after your money very well and use it very wisely.

[MissNonFall9]

I support saving some part of income which will solve any kind of problem in the future. However I have a different view on saving the entire portion of the remainder by excluding it from income. Because inflation will fall upon savings. So if we want to increase our productivity then some part must be left for investment.

If a person adopts a habit of saving then he will not face any difficulty in future because during inflation or any other issue he will have a saved amount which he can use for his needs. Wise individuals often choose some percentage which he saves on a monthly basis from monthly income and he does not decrease this amount to be used for another purpose.

Saving amounts should then be used for investment if someone finds the right things for investment then some part of saving should be utilized for investment but it will definitely require knowledge which is compulsory for taking profit from it.

If a person saves a portion of his income with the investment objective in mind, it is definitely important for his future economic status. But my point is that for those who save only for savings purpose and not for investment purpose, my opinion is slightly different. Because money is something that can be used to create money, but if money is left neglected its effectiveness will be greatly reduced. So surely a man should get into investment to increase his financial stability in any way, be it through saving and investing small amounts day by day.

Yes it is better to invest instead of saving. Nowadays all people have tendency to save by thinking about future i.e. everyone wants to save for future and even do so. People who save only thinking about the future and do not invest that money in anything, their money never grows. But people who save and invest with that savings like gold or land and those who have experience about bitcoin or know about cryptocurrency invest in bitcoin. Money creates money so we should invest it instead of hoarding it.

For example, land prices in almost every country in the world are increasing day by day. So if someone invests their savings in land today there is a possibility of doubling it in the future i.e. a possibility of doubling their money. And if someone does not invest their savings in anything else then the amount of money they save will remain the same in future i.e. there will be no growth.

I do not understand why people focus only on saving instead of investing. Investments are capable of giving us high returns but expecting profits from savings is absolutely foolish. Again depending on the country and the economic condition of the country the value of money from savings decreases a lot but if the economic condition is stable even if the value of money does not decrease no money production or growth is possible from money.
As the population of the world is constantly increasing, investing in land property today will provide good returns and is one and surely profitable sector. Moreover those who are currently involved in cryptocurrency can get better profits with less risk by investing in Bitcoin.

[btc78]

I do not understand why people focus only on saving instead of investing. Investments are capable of giving us high returns but expecting profits from savings is absolutely foolish.

No one expects anyone to earn profits from savings but people used to think that when you have enough savings, you will have enough money to buy a house, a car and other thing you'd want and in a way they are correct. Saving is as important as investing, imo.

But people should really look at the bigger picture. Investing will not just make you be able to afford things but can actually make you richer than you have ever thought of.

Again depending on the country and the economic condition of the country the value of money from savings decreases a lot but if the economic condition is stable even if the value of money does not decrease no money production or growth is possible from money.

I don't think any country is safe from inflation, but some countries have indeed low percentage of inflation due to a relatively stable economy.

[KeenanEl19]

No one expects anyone to earn profits from savings but people used to think that when you have enough savings, you will have enough money to buy a house, a car and other thing you'd want and in a way they are correct. Saving is as important as investing, imo.

But people should really look at the bigger picture. Investing will not just make you be able to afford things but can actually make you richer than you have ever thought of.

Indeed, saving is an important thing in life, everyone generally has to work hard to be able to achieve the desired wealth, because of course everyone definitely wants wealth. And to achieve wealth or live comfortably they have to work hard including by saving money. Because saving is also one of the aspects related to wealth. If with investment not everyone understands it, but with saving I think parents also teach their children from an early age to save.

Investment is important, but if you want to invest, you must have good knowledge and understanding, don't just invest, especially now that there are many fraudulent investments that only take advantage of one party.

[wmaurik]

Indeed, saving is an important thing in life, everyone generally has to work hard to be able to achieve the desired wealth, because of course everyone definitely wants wealth. And to achieve wealth or live comfortably they have to work hard including by saving money. Because saving is also one of the aspects related to wealth. If with investment not everyone understands it, but with saving I think parents also teach their children from an early age to save.

Parents who have high knowledge will also tell their children to invest because saving under certain conditions will not be able to change anything and will not be able to bring wealth forever. Just a small example, when we want to open a business that can provide us with an active income, of course the amount of capital required at this time is very different from the amount of capital required by previous people who had not experienced inflation or increases in the price of goods. So apart from saving, everyone should also be able to invest because it is also a way to move towards a better direction and can also bring wealth.

Investment is important, but if you want to invest, you must have good knowledge and understanding, don't just invest, especially now that there are many fraudulent investments that only take advantage of one party.

This is the importance of sufficient research and knowledge before making decisions or choosing investments haphazardly, because it is also the same as saving where each person does not have to rely on just one of their savings. But you also have to rely on savings in the form of assets so that it is easier to get the wealth you want, as well as investments which generally need to be researched first before actually being chosen as something we will rely on. Because after all, investing has become an important thing for everyone to do.

[pusaka]

Money doesn't allow to be insulted, if you don't respect it, it will punish you. I learn too that I shouldn't have to permit myself to lose earned money, one time that some money make a part of any of my accounts, that money is mine, so I have to give it the suited importance.

That is something that is absolutely necessary for anyone to look after because as long as the money can still be used in good places and also for more useful work, of course we have to look after it very well. Because money that is used wisely can definitely take its owner in a better direction and can also provide quite good dignity if the owner is successful enough in the business field that he is doing with that amount of money. So you yourself will never lose if you continue to look after your money very well and use it very wisely.

Actually, this doesn't only apply to money, but to all the assets we own. We have to take care of everything we have, including money and even health. The reason is that when we have a lot of money but we are sick, sooner or later the money we have will run out because we have to go for treatment, while the money we have may not turn over if we are the head of the household.
I see a lot of rich people who have certain illnesses and they don't even enjoy their wealth. They can't even eat like healthy people because they have to avoid certain foods and can only eat certain foods. So in my opinion we have to take care of everything very well.

[wmaurik]

Actually, this doesn't only apply to money, but to all the assets we own. We have to take care of everything we have, including money and even health. The reason is that when we have a lot of money but we are sick, sooner or later the money we have will run out because we have to go for treatment, while the money we have may not turn over if we are the head of the household.
I see a lot of rich people who have certain illnesses and they don't even enjoy their wealth. They can't even eat like healthy people because they have to avoid certain foods and can only eat certain foods. So in my opinion we have to take care of everything very well.

Generally that's the case, because everyone needs to keep themselves healthy and whatever possessions they have in life and from the example you gave, I've also seen in my place where rich people can't enjoy any food when they suffer from certain diseases. So this made him have to eat food prescribed by the doctor who treated him and that really didn't make him enjoy life because he had to follow the doctor's advice with several restrictions that he had to heed while he was still sick. So maintaining everything we have in this life is a very common thing to do.

[nara1892]

Money doesn't allow to be insulted, if you don't respect it, it will punish you. I learn too that I shouldn't have to permit myself to lose earned money, one time that some money make a part of any of my accounts, that money is mine, so I have to give it the suited importance.

That is something that is absolutely necessary for anyone to look after because as long as the money can still be used in good places and also for more useful work, of course we have to look after it very well. Because money that is used wisely can definitely take its owner in a better direction and can also provide quite good dignity if the owner is successful enough in the business field that he is doing with that amount of money. So you yourself will never lose if you continue to look after your money very well and use it very wisely.

Actually, this doesn't only apply to money, but to all the assets we own. We have to take care of everything we have, including money and even health. The reason is that when we have a lot of money but we are sick, sooner or later the money we have will run out because we have to go for treatment, while the money we have may not turn over if we are the head of the household.
I see a lot of rich people who have certain illnesses and they don't even enjoy their wealth. They can't even eat like healthy people because they have to avoid certain foods and can only eat certain foods. So in my opinion we have to take care of everything very well.

Right, meaning that everything must be taken care of or meaning that everything we have must be managed properly, one of which is like the health that you said because in the end no matter how much money we have but if we have an unhealthy lifestyle then yes it is the same as we are looking for opportunities or looking for ways to spend our money in the long run where for example as you said that no matter how much money we have in the end maybe it will all run out over time to overcome health problems.

And I also recognize that the example you gave of rich people who have a lot of money but have a life full of rules, such as there are restrictions in terms of consuming food, and I think that is not uncommon, and also I think because of this incident why some people say that money does not guarantee happiness, but I would also say that if you manage everything properly and correctly then you will find that the saying is wrong.

[Oluwa-btc]

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

You take care of your money, mindset, your mood, your health because health is wealth, what you eat indeed really matters. People can call you whatever, I've got two words for people lately " Fvck Everybody " in the next decade most of people these opinions would be shit if you're doing things the right way.

Most importantly, invest in yourself, what you read and what you eat.

I just don't like that word call save. When you say save what do you mean? Save in $'s? Gold? Silver? Maybe I'd say Bitcoin, Gold and also Silver would be grand.
But then, try not to save in fiat currencies. We could see how they be losing the values, Yes? Something more, try to get a skill that will serve tue length of time and at the same time, solve a problem and invest in the resources nature gave us. Bye. 

[DaNNy001]

No one expects anyone to earn profits from savings but people used to think that when you have enough savings, you will have enough money to buy a house, a car and other thing you'd want and in a way they are correct. Saving is as important as investing, imo.

But people should really look at the bigger picture. Investing will not just make you be able to afford things but can actually make you richer than you have ever thought of.

Indeed, saving is an important thing in life, everyone generally has to work hard to be able to achieve the desired wealth, because of course everyone definitely wants wealth. And to achieve wealth or live comfortably they have to work hard including by saving money. Because saving is also one of the aspects related to wealth. If with investment not everyone understands it, but with saving I think parents also teach their children from an early age to save.

Investment is important, but if you want to invest, you must have good knowledge and understanding, don't just invest, especially now that there are many fraudulent investments that only take advantage of one party.

We save  money because no body knows tomorrow and saving is also a good thing because it held one to achieve some opportunities in future, when you have a good amount of money on your savings you win be too scared to handle some cases because you have what it takes to solve any slit issues that occurs. We do savings because we know what importance of savings and we do t save because we want to use it today, we save because we want to use it in future.

[stomachgrowls]

No one expects anyone to earn profits from savings but people used to think that when you have enough savings, you will have enough money to buy a house, a car and other thing you'd want and in a way they are correct. Saving is as important as investing, imo.

But people should really look at the bigger picture. Investing will not just make you be able to afford things but can actually make you richer than you have ever thought of.

Indeed, saving is an important thing in life, everyone generally has to work hard to be able to achieve the desired wealth, because of course everyone definitely wants wealth. And to achieve wealth or live comfortably they have to work hard including by saving money. Because saving is also one of the aspects related to wealth. If with investment not everyone understands it, but with saving I think parents also teach their children from an early age to save.

Investment is important, but if you want to invest, you must have good knowledge and understanding, don't just invest, especially now that there are many fraudulent investments that only take advantage of one party.

We save  money because no body knows tomorrow and saving is also a good thing because it held one to achieve some opportunities in future, when you have a good amount of money on your savings you win be too scared to handle some cases because you have what it takes to solve any slit issues that occurs. We do savings because we know what importance of savings and we do t save because we want to use it today, we save because we want to use it in future.

Yes, nobody knows on what would be tomorrow would be look like on which means that you would really be that definitely be having that kind of anticipation that being prepared would be always best rather than on having nothing at all in terms of finances. This is why saving up money for emergencies or important matters is something that you should really be considering or else you would really be fucked up when that time happens. Speaking about allocation for savings then it wont really be necessarily big, it is really just that it will be needing up that consistency on doing so because majority of people do really fail on this part.

[lepbagong]

Yes, nobody knows on what would be tomorrow would be look like on which means that you would really be that definitely be having that kind of anticipation that being prepared would be always best rather than on having nothing at all in terms of finances. This is why saving up money for emergencies or important matters is something that you should really be considering or else you would really be fucked up when that time happens. Speaking about allocation for savings then it wont really be necessarily big, it is really just that it will be needing up that consistency on doing so because majority of people do really fail on this part.

agree with your opinion, we will not know what will happen in the future. Therefore, always anticipate what will happen in the future. Preparing by doing something that can give hope is certainly something that must be done and saving is the best way to do and all do not want that hope to be lost because we are not prepared for what will happen in the future without having any savings at all.
Sometimes it seems easy to be able to set aside the results of business / work to save, but without the right intention it will not work well.

[Uhochi]

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

individuals with a sense of entitlement will eat you till you run out of money and then they will leave you hopeless and still speak bad about you. It's always an issue when you're trying to be too generous with your money and trying to solve everyone's need that you see around you just because you don't want them to call you a bad person. If you keep on spending without making plans for investment or saving some part for yourself, you will get al the ridicule and back bitting when you no longer have the money to spend for them.

The mistake we make most of the time is that we're afraid of being looked at as a stingy person and we try to solve other people's problems that they should have become man enough to solve on there own. If you're stingy today and you save up for tomorrow, you are going to get called the bad name just at the onset but when you've established yourself and still helping those people at that time, they will appreciate you at that time.

[MarissaLopez]

People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend. It is a fact that as long as you have money and as long as you spend money behind others people will speak for you and people will be with you but if one day you want to walk with them without spending money then you will find no one to walk with. Since money brings people closer and money drives people away, money should be given the most importance. 

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well. 

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

Money is one necessity that needs to be treated with much caution, Care and management and in most cases trying to learn to save money usually amount to alot both negative and positive effects and how you go about it matters alot.

You can decide to save a certain amount on several occasions and a need comes to spend it,what do you do it's to take your time and know what exactly to do and if the reasons for spending that money is one's priority is should be spent.