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Author Topic: Take care of your money and learn to save.  (Read 2909 times)
MissNonFall9
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June 10, 2024, 05:11:04 PM
 #341

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.

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June 11, 2024, 02:35:20 AM
 #342

Savings can give you some financial support but since every country has a high rate of inflation every year, savings will not do you any good.  To do good you must go for investment.  Or to invest on any strong acid like land gold house property etc.  Then it will give you higher returns in future along with savings which will enable you to live a better life in your later age.  So I also want to say that savings is not a solution.  Investment is a good solution.  Because if you don't race you can never gain
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.

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June 11, 2024, 04:08:06 AM
 #343

Savings can give you some financial support but since every country has a high rate of inflation every year, savings will not do you any good.  To do good you must go for investment.  Or to invest on any strong acid like land gold house property etc.  Then it will give you higher returns in future along with savings which will enable you to live a better life in your later age.  So I also want to say that savings is not a solution.  Investment is a good solution.  Because if you don't race you can never gain
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.
Of course, this is very true, it would be better for us to choose to invest rather than save, but to be able to invest in gold or land, of course we must first save the income we have and when it is new enough we can buy land or gold, but with Bitcoin. We can start with whatever we have and we are consistent in collecting and of course we will be able to get a profit from the investment we make and to be able to invest well, we must be able to have savings for unexpected needs, so that we don't have to take what we have invested because we don't have the funds for these needs, yeah you are right. Those who think about the future will certainly prepare as early as possible to be able to live their old age in peace without having to think about any work.

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June 11, 2024, 04:24:46 AM
 #344

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.

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June 11, 2024, 04:36:08 AM
 #345

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.

if you can do both, why not? In times like these, we don't just have to do savings because as time goes on, the money we save decreases in value, especially when inflation is severe in a country. Nowadays, many people find it difficult to save and invest at the same time, but I highly recommend that when money comes to us, it is much better if we prioritize putting it into investment so that we can grow it in the future. Doing savings are easy to do if we have a stable source of income and it's up to us how we save because we can afford to save depending on how we spend and what our lifestyle is.



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June 11, 2024, 11:13:47 AM
 #346

Savings can give you some financial support but since every country has a high rate of inflation every year, savings will not do you any good.  To do good you must go for investment.  Or to invest on any strong acid like land gold house property etc.  Then it will give you higher returns in future along with savings which will enable you to live a better life in your later age.  So I also want to say that savings is not a solution.  Investment is a good solution.  Because if you don't race you can never gain
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.
I would prioritize investing over saving. But before investing you must save first because not everyone may have enough money to invest. Now if you don't have enough money then you can't even buy gold and you can't buy land. Even in case of buying gold and land you will not agree to pay land or gold on monthly basis. However, your investment depends on your personal income or got from your previous generation. I think it takes a lot of money to buy gold or land, if you don't have this amount then you have to start saving early, when you reach an amount you can buy gold or land with that money. When you buy land, if you buy it in a good position, you can get triple or quadruple profit from it after 4-5 years.
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June 11, 2024, 11:58:46 AM
 #347

if you can do both, why not? In times like these, we don't just have to do savings because as time goes on, the money we save decreases in value, especially when inflation is severe in a country. Nowadays, many people find it difficult to save and invest at the same time, but I highly recommend that when money comes to us, it is much better if we prioritize putting it into investment so that we can grow it in the future. Doing savings are easy to do if we have a stable source of income and it's up to us how we save because we can afford to save depending on how we spend and what our lifestyle is.

Each has its own purpose, investing is for the future and saving is to prepare for unexpected things in life, so both of these must be done simultaneously.
Apart from that, the most important thing is of course to increase your income so you can invest and save. If your income is just enough, of course this cannot be done.
Regarding which is more important between the two, I think both are equally important because they have different goals and are good for the future.
This is difficult, so you have to get used to it from an early age.
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June 11, 2024, 02:32:35 PM
 #348

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.

for me personally i prefer to invest in gold compared to land as you said. because gold is always in high demand in the market and anytime you need money you can sell it directly at the gold shop, without having to wait for a buyer. while when you invest in land, you need to wait for a buyer to sell the land and the price is also uncertain because in some areas the price of land actually goes down due to low demand and the process is usually more complicated. so considering gold investment as savings sounds more reasonable compared to investing in land.

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June 11, 2024, 05:10:44 PM
 #349

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.

It is necessary to learn about the importance of both saving and investment because your savings will help you to invest more in the near future so there is no risk in saving some amount but will help you during harsh circumstances. In gold we can invest on a monthly basis but in the case of buying land we cannot invest on a monthly basis as we cannot buy land in pieces.

I think first you should start from saving and when enough is saved then you should invest this amount so in this case you will have no need to ask someone else to allow you money for investment. After this step it is necessary to carry out both saving and investment as one will make you financially strong and the other will help you to continue investment or solve your issue when there is a sudden need of money for you.



 

 

 

 

 

 


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June 11, 2024, 06:59:14 PM
 #350

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.

for me personally i prefer to invest in gold compared to land as you said. because gold is always in high demand in the market and anytime you need money you can sell it directly at the gold shop, without having to wait for a buyer.

Gold is a good business to go into especially when you have the knowledge to identify if is real or not, that's why sometimes if you have passion for a business is advise able to really understand it very well to avoid making a mistake and also sometimes investing on gold could be somehow because there are shops you can purchase gold and after using it for sometime and you decide to sell it there is a chance that you may not sell it up to the amount you bought it but in terms of land it appreciate in value as time goes by.

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June 11, 2024, 07:27:44 PM
 #351

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.

for me personally i prefer to invest in gold compared to land as you said. because gold is always in high demand in the market and anytime you need money you can sell it directly at the gold shop, without having to wait for a buyer.

Gold is a good business to go into especially when you have the knowledge to identify if is real or not, that's why sometimes if you have passion for a business is advise able to really understand it very well to avoid making a mistake and also sometimes investing on gold could be somehow because there are shops you can purchase gold and after using it for sometime and you decide to sell it there is a chance that you may not sell it up to the amount you bought it but in terms of land it appreciate in value as time goes by.
Doesnt matter whether you would really be having other options or forms of investment whether gold or other traditional businesses on which this would really be that ideal as long you could really be able to make
some money or profits then this what matter the most. In speaking of Gold then we do know that this is something that would really be a good option but of course people will really be normally be getting fold of on dealing up with Bitcoin or with crypto space just because when it comes to price volatility and the duration about making profits is really that different to each other on which you could really be able to tell into yourself that it would
be that really looks interesting and you would really be putting up that much consideration on having that focused allocation in terms of your investment choices.

In speaking about taking care of your money and would be having that savings then it would really be that turning out to be a must have or something that should really be done into someones life.
Dont wait up for things to get messy before you would really be making out such adjustments, this is why as much as you could or still have the money that you could
be able to do so then you should really be at least having that consideration.

R


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June 11, 2024, 08:47:53 PM
 #352

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.

Saving is often not enough. Some people go through their life just saving up money from their salary, while inflation is wiping out the spending power of their money year after year. Savings accounts that banks offer are generally the bare minimum, a tiny bit above the central bank rate. If the central bank has set their interest rate at 1%, you'll be lucky if the banks are offering 2%. we are in a good time to be a saver but it's still losing value and will go into reverse soon, lock in those good rates for a long time where possible. You need to put your money to work or you will be working until you drop, which doesn't sound like a fun life plan to me.

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June 11, 2024, 09:06:57 PM
 #353

I think investing can be better than saving.
Definitely investing is better than saving.

In saving, your money will not grow but instead it will actually decrease in value due to inflation. But investing has the potential to give you double, triple, or even quadruple your money if done right. There are risks of course but we can manage them well if we just study these risks and try to manage them the best that we can.

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June 12, 2024, 03:14:27 AM
 #354

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.

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June 12, 2024, 06:04:03 AM
 #355

I think investing can be better than saving.
Definitely investing is better than saving.

In saving, your money will not grow but instead it will actually decrease in value due to inflation. But investing has the potential to give you double, triple, or even quadruple your money if done right. There are risks of course but we can manage them well if we just study these risks and try to manage them the best that we can.
Yes it is different if you keep your money in cash while saving, but due to economic downturns many times if you keep the money in the bank you will lose some value of your money due to inflation. In order to invest properly and get a good profit you must first select the investment projects be it bitcoin, land, gold like precious assets. As I said about these three investment projects here three are quite suitable for investment but there are risks. Bitcoin price always goes up and down so investing here requires a long process from which a good profit can be made. If you buy land or gold, it may take 4-5 years to make a good profit. All investments have risks, the rest depends on you how much risk you are willing to take.
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June 12, 2024, 07:00:14 AM
 #356

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.

Yes, bro, when our economy starts to stabilize, the thing we have to think about is how our money can move to generate profits with a decent turnover, however, a lot of money will run out by itself if we can't manage it well, it will run out in vain. , so we have to put in various investments so that our money keeps moving and generates profits, and we can also, as you said just now, by buying a plot of land in various places, because that is also for future investment, also buying gold will make We have savings for the future, because every year the price of gold continues to rise without having to worry about inflation, so be smart about saving money so that it doesn't go to waste.

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June 12, 2024, 07:50:53 AM
 #357

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.

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June 12, 2024, 05:36:44 PM
 #358

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.
Indeed, the tradition and culture of saving is taught from an early age, it is the basis of success, we can take the example of how China invests and saves for their children from childhood to adulthood.

I remember a wise saying someone said.
Quote
"It's not how much money you make, but how much money you keep, how hard it works for you, and how much investment you keep."

Here it has meaning, savings or investment money really has a deep meaning for someone, to determine their future, remembering means good luck, not remembering means bad luck.

R


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June 13, 2024, 08:55:08 AM
 #359

Money's fine, I guess, but real friends who have your back are way more important.  Close friends stick with you through good times and bad. Not just when you're pickin' up the tab at the bar!  So be wise how you spend, not throwing money around just cause you got it now.  Buy things you really like but save some for later, and you'll find yourself with true genuine people who care about the real you.  And not with fake friends, who only care about your money.

That is very true My dear Mate, most times we Dont take Care of our money And also we Dont realize what It means To save because of the nature of people that surrounds us just like you have called them here fake friends. In life there are virtually people who are very close to you because of financial benefits and they will keep on forming friends till the money finished while there are a set of people who are also closed to you whether there is no money or there is money. But the hallmark of this is that we should learn to save money when we have the opportunity of having enough money in our possession instead of throwing it around with friends just to impress them. And It is better you Dont have money At all than To have money And finished It entitely because you must virtually regret It So savings is the only sure measure To ensure a better tomorrow .

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June 13, 2024, 10:20:54 AM
 #360

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.

Just as not all fingers are the same, we cannot all be wealthy, but we should do everything possible, not to fall in the lower class because it is not a good experience at all, the economy is no longer friendly, and the more we are making money, the more we are speeding it, and what this is telling us is that we need to do more, one source of income is no longer enough, and we need to have ideas on how to be able to generate more income. That is what we have gotten into because food prices are going up. and one way or another, we must eat. and anyone who is spending money on lifestyle now should be talked to and advised, especially a lower or middle class person. i see contributions on savings as better than even investing the money, no matter how little it might be, Investment will always go the same way the economy is going and it will fetch you more money Just think of a business where the demand is moderate, and that way everything will go well, Instead of saving money without usage, the only money I keep in my bank is to be used.

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