If you don't save,you are not safe

[gunhell16]

Isn't the act of investing and wasting money still essentially leading to spending? Because how can we invest or waste money if we are not going to spend it? Although, you did give a definition
for each, and I can't say that anything you mentioned there is wrong, OP.

My point is perhaps that different types of people exist in the world. There are people who want to grow their small amount of money through investing or investment schemes.
And there are people whose style is not like this, as there are others who are wasting money without realizing it or without knowing that is what they are doing. And there are others
who only spend on important things that are necessary.

[Bluedrem]

To be honest, people would not have thought about saving unless they could work till the end of their lives. People save for the future. Today, a person who earns money through hard work will not be able to work hard at some point due to old age, as a result, he will be unable to earn the money required for living. That is why a person keeps saving for the future up to a certain stage of his life. And in my opinion, "Thinking about the future is the work of a wise person". When a person earns money, he should save some part of that money for the future, in which case he can invest some part of his earned money for the future. Even if a person's income is small, he should spend the minimum amount from it and save the remaining money as future savings. Just as ants store food for the winter, it is very important for humans to save for the future.

[Samlucky O]

Saving and investing is very necessary, those that don't save nore invest end up becoming poor. To every person that wants to grow to another level will need a high level of decipline to be able to invest. Sometimes saving money is not even a way of being safe without investment. Because a saved amount is equally thesame as a money that is not productive. So for us to be on a safer side, we need to save and invest to be safe because without profit from an investment the saved amount is equally nothing.

[Betwrong]

~
investing money :the Wise people invest money because they know the value and the importance of money and will never want to lack money just because of their unwise decisions and that is why they are good planners and always going into investments.

I’d beg to differ. I think, in most cases, investing money in a business, cryptocurrency or whatever is worse than just keeping your money in a good bank. Yes, you can invest in an ancient Roman 18K solid gold coin that costs $5k today, and this coin might cost $6k 10 years later, BUT it can also cost $4k — it’s like 50/50, you know. It’s like gambling, in a way, so…

[imthegreat]

You must learn how to save and invest if you want to become rich and successful person in life.

I would classify most people as the type who constantly waste money, because the era of consumption best characterizes what's happening in our world now that capitalism has triumphed. Who would ever think that money isn't necessarily a resource to be spent, but rather a resource that can generate income? Yes, you need to be able to understand the intricacies of economics and finance, but isn't it worth it, because eventually you'll be able to forget what it's like to work full-time?

[Felicity_Tide]

~snip

You must learn how to save and invest if you want to become rich and successful person in life.

Since saving is far different from investing, I prefer to use the word invest and not save. With the rise in inflation in so many countries, I don't think it's best to save. Of course, saving is better than spending or wasting, but on the other hand, investing is far better than saving. I have never seen an economy that gets better, and I'm sure so many of us here haven't seen it as well. Money will continue to lose value overtime. People wasting are literally out of the equation because that's literally the worst thing to do in times like this. The earlier everyone sees the need to invest what they have, the higher they stand a chance of making their lives a little better in the future or when things eventually goes South.

[Swordsoffreedom]

If you save and you don't invest, you are not still safe   

Saving is simply keeping your money in one place without any value addition but rather depreciation of value is occurring. @OP, if there's anybody that doesn't yet know the importance of saving, investing, and managing their funds, it's just a matter of time before they realize the consequences of such mistake. An average person is supposed to have a saving lifestyle and also the desire of having investments (passive or non passive).

You mean investing will make us safer? Are you sure about that? Can you tell me if there is any investment that is risk free? Bitcoin?

I don't deny the importance of investing but I find it funny how most people focus so much and exaggerate about investing, as if it is the only way we can escape poverty. We need to be realistic that investing is risky and making profits from it is not easy. Saving cannot make us rich, and investing can make us rich but can also make us bankrupt if invested wrongly. So, investment is necessary if we do not want to be poor and improve our lives, but do not be naive to think that just investing can easily achieve that.

Investing is a journey and being successful in investing requires a lot of trade-offs and sacrifices, nothing comes easy. If we make mistakes, we will also have to pay a very high price.

Also, don't be so short-sighted as to think that financial investing is the only way to increase wealth. Investing in people, education, intelligence and talent is also a way to get rich and increase assets.

[slapper]

Most people will go through all three categories as each cognitive bias takes over one day. You invest when you are afraid, spend when you are tired, waste when you are trying to prove something to yourself

What is interesting is the way in which "waste" is defined. Someone spends 200 dollars on classes that he or she never completes-waste, right? However, the same 200 dollars on a meal with a person who alters your career path? Investment. The line is not in the transaction, but in what follows. We can only find out what category we were in hindsight, which makes the entire choose wisely aspect more of a game with improved PR

The save-to-be-safe formula is applicable until you understand that safety is a moving target. Saved $10k? Good, until medical emergency is 15k. The goalposts are moving faster than the savings are being made for most people, so the "foolish people waste money" framing misses something: sometimes waste is just exhaustion making financial decisions. Not wisdom or foolishness - just bandwidth

Yes, you are correct that the pattern is there. The question is whether people can actually switch between categories or whether they get stuck in a particular circumstance

[God Of Thunder]

I wasn't even able to save money for most of my life. A considerable percentage of people still do not make enough money to live their lives without taking a bank loan. I struggled a lot in my past life and I cannot forget those days. I started saving only two or three years ago, but then again, I started investing the money on building a house for my family. If you ask me, I don't think I have enough savings for the future.

But I make sure my child has a good house, where they can live happy once we will die. I will have some saving for them as well. But my point is, everyone cannot really save money. There are huge percentage of people who still depends on their daily income, which help them feeding their family.

[SOKO-DEKE]

It is not all about saving money that will make someone safe, but the point is about continuously making money. If saving alone could keep people financially safe, many wouldn't be complaining about not having money to take care of their needs just a few years after retiring from work.The best way out is investment  putting money where it will keep generating more money. Some people in the past suffered in old age, not because of bad luck, but because they did not invest.if money stops coming in, you'll have to keep using what you saved, and one day, it will run out.

[justdimin]

People always try to save money and not everyone have savings, but it’s always good idea to be saving money, especially when you have plans for different things and also when an individual have plans of retirement, because everyone one will get old and will always have a retirement plan, which is quite a good idea of having a favorable outlook of saving plans.

Sometimes why it’s good to have savings, in life there are unforeseen circumstances where you’ll always need an urgent need of money and that is where savings comes in, but if an individual don’t have savings it will require you go to seek for a loan to solve that pressing needs, but in totality I think everyone should have a savings to be able to afford some sort of comfort that comes with unforeseen circumstances.

Considering the amount of money most people make, they do not even make enough to live, let alone save money. There are places in the world where people make just few hundred dollars per month, when you are that poor, how are you going to save any money? You are not going to, and that will become an issue and will not be easy at all.

What we are seeing here is the fact that it is going to cause a ton of trouble for people who will not do great for any of us. This should not be something that bothers us though because we have bitcoin on our side and we can earn in the crypto world, even if you do not buy it or use your savings, you can find airdrops, bounties, jobs that you can do, and earn crypto so you can have more of it on the long run.

[bangjoe]

I wasn't even able to save money for most of my life. A considerable percentage of people still do not make enough money to live their lives without taking a bank loan. I struggled a lot in my past life and I cannot forget those days. I started saving only two or three years ago, but then again, I started investing the money on building a house for my family. If you ask me, I don't think I have enough savings for the future.

But I make sure my child has a good house, where they can live happy once we will die. I will have some saving for them as well. But my point is, everyone cannot really save money. There are huge percentage of people who still depends on their daily income, which help them feeding their family.

Situations and conditions will definitely not be the same, everyone is born from a different birth and along the way has had different experiences so the financial situation will also be different, there are people who can save and there are those who can't, even today there may be some who still don't have enough to meet their living needs and yes that is a situation that cannot be controlled today, so do I, I don't have much savings because I used it up to cover unpleasant circumstances, and started again, building a savings to live in the future when my income starts to cover my needs.

The burden of supporting a family is very large and we have responsibilities that mean what we earn is just enough to meet our needs without expecting to be able to save. This situation is indeed difficult, but a man's enthusiasm to fulfill the family's needs, such as providing a decent life and a comfortable place to live, is a goal that must be carried out.

[yhiaali3]

Regarding investment, if I have enough money to invest, I favor long term investments that provide a comfortable return on an annual or monthly basis.

As for spending, I favor necessary spending based on the needs of the individual or family. I dislike excessive spending on unnecessary items or wasting money without a clear need.

I am completely against wasting money. I only spend money where it is needed. Those who waste their money on trivial entertainment are fools who will later regret it and don't even find anyone to lend them money. I have seen many of these people in my community who squandered their money and then became poor.

[MinMan]

Saving is simply keeping your money in one place without any value addition but rather depreciation of value is occurring. @OP, if there's anybody that doesn't yet know the importance of saving, investing, and managing their funds, it's just a matter of time before they realize the consequences of such mistake. An average person is supposed to have a saving lifestyle and also the desire of having investments (passive or non passive).

But what if you save on Bitcoin? Saving can also be done on multiple places. Saving even not on Bitcoin but let say on the traditional way (banks) can still give us an interest. Less educated people can only think of a problem on why their money always run out or they remain poor but I don't think they will think it is because they don't know how to save, invest, and manage their funds well.

Yes, an average person has a desire for investing or saving but the problem is that it only remains as a desire because they still lack on money to fulfil it.

[SuperBitMan]

Saving and investing is very necessary, those that don't save nore invest end up becoming poor. To every person that wants to grow to another level will need a high level of decipline to be able to invest. Sometimes saving money is not even a way of being safe without investment. Because a saved amount is equally thesame as a money that is not production. To be save, we need to save and invest to be safe because without profit from an investment it's nothing.

Yeah you are right we need to save and also invest especially investment, if you are only saving money you may end up being broke in the future because the money you are saving as long as it is not adding interest inflation may make the money look very small in the future so it is very important we invest our money not just saving it, you can also decide to save it but let it be in form of investment like saving your money in Bitcoin it is saving and also an investment, you need to put your money where you can get additional return from it, if your money is kept in a place and nothing is adding to it then you are doing the wrong thing except maybe that money you are saving is meant for your backup funds such as your emergency, reserve and float funds if is not like that then don't just save your money for long term if additional money won't add in it.

[Accardo]

Is money necessary to be successful? Do you want to measure success by money? No, it is not possible. Success has nothing to do with money, some people artificially associate success with money. You are successful only when you are able to achieve your goals or objectives in life, it is not mandatory that you have to own money. Change your perspective on the definition of success. You will see many people in the world who, despite owning a lot of money, end up on the streets due to the abuse of their children or in just a short period of time they reach the list of poor from rich. That is, money should not be the measure of anyone's success.

Money is becoming a mandatory measure for success which is quite unacceptable. Everything we've ever had goes back to the society and most rich people weren't successful fathers or parents. They never had enough time to spend with kids and wife. Growing a family to love one another and care for each other is a great success, as it uplifts the society even more than spending money would. Financial success has the attention or desire of most humans, and that could be the angle Op is more focused on this topic. However, nothing is a waste, having made a lot of money signifies the person has done so much work in his field to deserve the financial reward alloted to them through a heavy customer base.

[Jegileman]

Even at this our present time it is still happening,we still have this three categories of people in our midst,so which one are you?

You must learn how to save and invest if you want to become rich and successful person in life.

For the record, I’ll only say that you can only do two things with money out of the three you’ve mentioned above. It is either you invest the money or you spend the money. Spending money and wasting money can fall into the same category and be called spending money. When you spend your money, it means you’re using it for your own self and you can term it as wastage since you worked for it to spend it.

You can only spend the money the good way or the bad way. If you’re spending it the bad way, it might then be called wastage, but if not, you still have yourself to decide how you spend your money. Rich people mindset before getting rich usually invest their capital and profits back into the business and not have to take profit immediately and start spending. If they do so, it’ll either kill the business or remain stagnant in one place, not grow. Being able to invest and spend wisely your money breeds long term profitability and growth of your money.

[Man of peace]

You must learn how to save and invest if you want to become rich and successful person in life.

We have to. Because if we don't learn how to save today, money won't save us tomorrow(in the future). That's why we as investors of Bitcoin have learned how to invest. And it's not rocket science for everyone not to understand that. But if you have the guts to do it and you're able to make yourself understand how Bitcoin goes as an asset and investment, your money is safe to it if you go long term and if you invest in it. That's the kind of saving that we are doing right now and as we can see, it's already saving ourselves and solving a lot of us from financial troubles.

Exactly my buddy,you know that when I said that we should learn how to save and become successful in life some people think that savings is all about keeping your money in a place where it will no yield any fruit to you, (No) look you can be an investor and out of your profit you can save somewhere, incase of any urgent needs or for anything that may came up unexpectedly and you can be able to handle it... you cannot invest all your money and remain empty handed or empty pocket,no it is not done like that..so that is savings for you.

[Man of peace]

Even at this our present time it is still happening,we still have this three categories of people in our midst,so which one are you?

You must learn how to save and invest if you want to become rich and successful person in life.

For the record, I’ll only say that you can only do two things with money out of the three you’ve mentioned above. It is either you invest the money or you spend the money. Spending money and wasting money can fall into the same category and be called spending money. When you spend your money, it means you’re using it for your own self and you can term it as wastage since you worked for it to spend it.

You can only spend the money the good way or the bad way. If you’re spending it the bad way, it might then be called wastage, but if not, you still have yourself to decide how you spend your money. Rich people mindset before getting rich usually invest their capital and profits back into the business and not have to take profit immediately and start spending. If they do so, it’ll either kill the business or remain stagnant in one place, not grow. Being able to invest and spend wisely your money breeds long term profitability and growth of your money.

No, spending money and wasting money are two different things, just like i mentioned earlier that an average man spent money, someone who have already made money and spent it wisely spend your money on necessary things by building a house, bought a car or mere with a target, this is not a waste,but the situation where by you spend your money on unnecessary things, things that are not relevant, maybe taking drugs, going to clubs,you left your house and ledge in a hotel for years until you are broke before you can come back home, that is a wasted money..

[Supreme Donvic]

OP just like you said the wise people invest there money, some people just spend money without investing, when you invest your money you are opening door's for more money but when you don't invest your money you are closing door's for more money, in other to escape poverty for good you need to invest your money no matter how wealthy or rich you may think you are if you don't invest those money in the future you will be poor, I know of a man he was very rich because he was working with a very rich company and they were paying him very well he was enjoying his life and he was not even thinking about interesting those money they were paying him so he retired and when he retired they paid him huge amount of money as his payoff and he still did not invest it right now his poor, the best thing you can do for yourself is to invest your money if you don't want to become poor in the future.