If you don't save,you are not safe

[Mame89]

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.

Well I'm not saying there's no correlation between  savings and being safe but it doesn't mean if you don't save you can't be safe  considering the happenings and economic downturn. The same means money comes it's being spent that way and making the right choices matters, you can find yourself doing any of the category, either to save or spend the money wisely on important things.

Actually saving is very important, but when we feel that the current situation is experiencing an economic crisis, it is very natural to spend important things for daily needs, and if there is additional income, we will put it aside for saving, both are equally important to live this life, but we must know that being grateful is more important, if our income is unstable, everything feels heavy, so we have to find a solution so that everything can run well.

It's undeniable that the current economic crisis, which has resulted in continued inflation and rising prices, makes it difficult to save because our income is only enough to cover necessities. That's why we need to save and invest to address these issues.

To save and invest we must first increase our income by finding additional sources of income. We must be creative, continuously hone our skills, and dare to step outside our comfort zone. Especially in this era of increasingly sophisticated technology, we must be able to identify opportunities to earn additional income. Don't be fixated on one job; pursue your goals. Having goals is crucial for motivating you to find solutions during an economic crisis.

[JoyMarsha]

Money is meant to be spent and to be saved. You can choose the avenue you want to use it at, if it is for business that will give return, or for investment, for a luxury lifestyle, that's your own business, nobody's business.

Every adult knows how their money is made, and what they face in their daily life activities. If they are okay with it, they will continue to live their life that way(that I know nobody is comfortable with present inflation) but if they are not, they will make some amends or take drastic decisions that will lead to their breakthrough in life(by investment)

However, nobody would want to spend without having some savings at hand because of the unknown situation that can befall someone at any given time

[Versatile_choice]

This three set of people are still existing on this planet Earth no doubts, but I will say this saving money won't make you rich and successful in this life, because all the rich and successful people we have all over the world didn't become rich and successful through saving money, they invested their money in something that can double their money, that's is why they are where they are today. And as for Those person's who are opportune get rich parents or who are opportune to inherit billion from their parents they should better start investing in something that can be giving them returns and stop spending money anyhow especially things that are necessary feeling that the money will not finish it will, and what can keep them at the top is when they invest on something that can be giving them returns.

I disagree with you when you said that savings can not make you rich, remember there are set of people that have being making savings for some years maybe decade. Not that they are just making savings so that they will  be one  among those set of people that is making savings, but they have thier reasons for making savings It might be that thier intention is to save enough capital that they can use to establish a business and once they succeed in achieving these there target their life will never remain the same, making savings can only be worthless that's if you don't even have a goal I mean something you want to do with the money you're saving maybe just to save it so that whenever there is no food you just dip your hand in your savings account to sort things out no, this is not the right way to make savings.

[Obulis]

Money is a basic necessity. When it's not available, things fall apart.
People have different responses to getting money and spending money.. Some want it by any means, some won't step on others just to get money. As for spending it, some spend it anyhow and some try to guide their expenses. All this explains mindset knowingly or unknowingly.
The acumen to invest money may be lacking even if considering job retirement while some knows but do not care.
Some see getting money equal to getting a job and that ends it. This makes decentralized BTC an opportunity to invest with or without the acumen of investment. Steady income or discretionary fund, target and discipline, then hodl.

[MFahad]

Money is meant to be spent and to be saved. You can choose the avenue you want to use it at, if it is for business that will give return, or for investment, for a luxury lifestyle, that's your own business, nobody's business.

Every adult knows how their money is made, and what they face in their daily life activities. If they are okay with it, they will continue to live their life that way(that I know nobody is comfortable with present inflation) but if they are not, they will make some amends or take drastic decisions that will lead to their breakthrough in life(by investment)

However, nobody would want to spend without having some savings at hand because of the unknown situation that can befall someone at any given time

When a person earns money he has two options Spending and saving this money. We should carry both our expenses and savings with us in our lives. if people will manage expenses well. So they will be able to save from their income. We can use this saving in business. Bussiness benefit us in future. if a person spends wastefully he face many difficulties in life. Because we are living in an era of inflation, it is important that we save from our income. it's a good decision for our daily lives. People who take good decisions are the ones who live successful lives. We would never like to spend our income without saving. If anyone do this, they will face a financial crisis.

[amihada]

I am not a rich person and not a descendant of a rich person, some of the money I earned came from my hard work so far. So far I have always focused on offline work and tried to do online work to increase my income.
I have tried three ways of using money at different times, but my focus remains on investing. I always spend money to buy primary necessities for daily needs and occasionally splurge money to make my family happy.

My children and wife also play a big role in how much money I earn, I am responsible for making them happy by taking them on vacation and buying things they like. Life is not only about how much money you can collect from various sources of income, but making the people who support us happy is also very important.

My principle is, money can be earned, happiness cannot be bought.

[slapper]

Money is a basic necessity. When it's not available, things fall apart.
People have different responses to getting money and spending money.. Some want it by any means, some won't step on others just to get money. As for spending it, some spend it anyhow and some try to guide their expenses. All this explains mindset knowingly or unknowingly.
The acumen to invest money may be lacking even if considering job retirement while some knows but do not care.
Some see getting money equal to getting a job and that ends it. This makes decentralized BTC an opportunity to invest with or without the acumen of investment. Steady income or discretionary fund, target and discipline, then hodl.

Money as basic necessity, yes. But observe how the necessity increased. The generation of your grandparents could afford to turn their backs on investment acumen since practical pensions were in existence, housing was cheap, and wages increased with productivity. We have now smashed those structures down and informed the people that they will not retire without learning about compound interest and asset allocation

The patterns of spending you are outlining are not exactly a matter of mindset alone. When futures are uncertain, there is greater present bias. Why to save ten years or more when tomorrow is uncertain? The discipline that you are applauding becomes less difficult when discipline truly rewards, when the system is not stacked to rob savers by inflation, charges, and lack of wage increase

Bitcoin comes in as an answer to institutional failure - namely to the 2008 crisis when the bailout of the irresponsible banks and the offer of zero-percent interest rates to the savers during ten years. That's the context. It is a vote of distrust in the record of central banking. The supply is fixed and nobody can bail out your friends at the expense

[Bushdark]

Money is a basic necessity. When it's not available, things fall apart.
People have different responses to getting money and spending money.. Some want it by any means, some won't step on others just to get money. As for spending it, some spend it anyhow and some try to guide their expenses. All this explains mindset knowingly or unknowingly.
The acumen to invest money may be lacking even if considering job retirement while some knows but do not care.
Some see getting money equal to getting a job and that ends it. This makes decentralized BTC an opportunity to invest with or without the acumen of investment. Steady income or discretionary fund, target and discipline, then hodl.

There are so many things people can do to get money but the world has been corrupted that you can not decide to make money with a good fate and not have people that will want to intimidate you with their influence and wealth so you can not compete with them.
The government will come in to frustrate your hard work with law and implementation that might not help your business to grow with confidence. We don't really know what most of these millionaires and billionaires are facing from their counterparts in smas business line.  Saving to invest is suitable for someone that has ambition to accomplish.

[Dickiy]

That's true, but ultimately, we still have to work hard to earn a lot of money. If, for example, our income exceeds our expenses, then that's the right time to start investing.

However, one thing we must understand is that investing isn't a quick way to get rich. Profits usually depend on how much money you allocate. This is why investment planning is generally long-term, for example, 5-15 years, if you want to see the benefits.

In the initial stages, I believe investing is only useful for preserving the value of our money to protect against inflation, but it can be profitable if maintained over the long term.

[Ryu_Ar1]

Money is meant to be spent and to be saved. You can choose the avenue you want to use it at, if it is for business that will give return, or for investment, for a luxury lifestyle, that's your own business, nobody's business.

Every adult knows how their money is made, and what they face in their daily life activities. If they are okay with it, they will continue to live their life that way(that I know nobody is comfortable with present inflation) but if they are not, they will make some amends or take drastic decisions that will lead to their breakthrough in life(by investment)

However, nobody would want to spend without having some savings at hand because of the unknown situation that can befall someone at any given time

When a person earns money he has two options Spending and saving this money. We should carry both our expenses and savings with us in our lives. if people will manage expenses well. So they will be able to save from their income. We can use this saving in business. Bussiness benefit us in future. if a person spends wastefully he face many difficulties in life. Because we are living in an era of inflation, it is important that we save from our income. it's a good decision for our daily lives. People who take good decisions are the ones who live successful lives. We would never like to spend our income without saving. If anyone do this, they will face a financial crisis.

Actually for the current conditions although saving is not a mistake and indeed we are required to do so but of course in a difficult economy like this we clearly realize that we cannot expect much from savings if it is used for the long term.

We know that the longer the economic conditions are getting worse, inflation is everywhere and when we only make savings as our booster then it is clear that the effect is only for the short term because the longer the value we have will shrink even more due to severe economic conditions.
Investment is the only thing that is possible with a note of looking for investment instruments that are suitable for protecting our future. Nowadays, with the worsening economic conditions, we must realize that we cannot only use savings as a long-term deferral.

[yixichloro2xx]

Money is meant to be spent and to be saved. You can choose the avenue you want to use it at, if it is for business that will give return, or for investment, for a luxury lifestyle, that's your own business, nobody's business.

Every adult knows how their money is made, and what they face in their daily life activities. If they are okay with it, they will continue to live their life that way(that I know nobody is comfortable with present inflation) but if they are not, they will make some amends or take drastic decisions that will lead to their breakthrough in life(by investment)

However, nobody would want to spend without having some savings at hand because of the unknown situation that can befall someone at any given time

When a person earns money he has two options Spending and saving this money. We should carry both our expenses and savings with us in our lives. if people will manage expenses well. So they will be able to save from their income. We can use this saving in business. Bussiness benefit us in future. if a person spends wastefully he face many difficulties in life. Because we are living in an era of inflation, it is important that we save from our income. it's a good decision for our daily lives. People who take good decisions are the ones who live successful lives. We would never like to spend our income without saving. If anyone do this, they will face a financial crisis.

The cause of struggle of those who earn money is because they spend without thinking of saving for future expenses. Inflation keeps eating income fast, and without control, it’s easy to end up broke. What a person should do especially after receiving income is save some portion of the income, settle all your bills, emergencies and expenses.

[Rockstarguy]

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

You are correct because savings is not just enough yo be successful,  savings can only make one maybe afford whst they want but when you invest profit from your investment can sustaining and you will be able to rely on your investment. Savings is very important because if you find it difficult to save , investment will be something to hard to go in. The only way most people are able to achieve good investment is because of the discipline they have to save money.

[Agbe]

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

You are correct because savings is not just enough yo be successful,  savings can only make one maybe afford whst they want but when you invest profit from your investment can sustaining and you will be able to rely on your investment. Savings is very important because if you find it difficult to save , investment will be something to hard to go in. The only way most people are able to achieve good investment is because of the discipline they have to save money.

Saving your money without investing it into a business is good but, its not a too good thing to do because it actually has a limit to which it can carry anyone. Money is ment not to be spent or even saved up some were in the bank or your saving box but, should be ment to serve you in the sense that money can be put into an investment that will continually serve you .This is the secret that most people don't know but only the rich understand this fact that money was to be a servant that will continually working for you even when you are sleeping the reason is investing.

[Rampagoe004]

However, nobody would want to spend without having some savings at hand because of the unknown situation that can befall someone at any given time

~Snip.

The cause of struggle of those who earn money is because they spend without thinking of saving for future expenses. Inflation keeps eating income fast, and without control, it’s easy to end up broke. What a person should do especially after receiving income is save some portion of the income, settle all your bills, emergencies and expenses.

Managing finances from an early age has been implemented in several developed countries so most of them have never been affected by inflation. People who earn money but still have difficulties and are economically critical are signs that people have no future, saving does not have to have a large salary and must be a lot, the important thing is to want to save for a better future.
We realize that inflation occurs at any time so expenses and savings must be equal. We have experienced until today that the longer the economic conditions are getting worse and inflation also reduces our income, Learn to save for a good life, save money for needs only, the rest is given as savings.

[yslyv]

You’re right, but we also its a real fact that income distribution in the world is very unfair...
Many people don’t even have the option to save or invest money. If there are  people you need to take care of and their needs exceed what you earn.... There isn’t much you can do.

[jems]

You’re right, but we also its a real fact that income distribution in the world is very unfair...
Many people don’t even have the option to save or invest money. If there are  people you need to take care of and their needs exceed what you earn.... There isn’t much you can do.

Work harder and earn more money, That's the only way when we can't set aside money for investing and saving, If we simply accept what we have we'll never rise and develop, In life we must work hard and achieve everything; it must be earned.
And it's also important to remember that if we don't have savings and investments, we'll have to work hard until we die and we'll never enjoy life.

[yslyv]

You’re right, but we also its a real fact that income distribution in the world is very unfair...
Many people don’t even have the option to save or invest money. If there are  people you need to take care of and their needs exceed what you earn.... There isn’t much you can do.

Work harder and earn more money, That's the only way when we can't set aside money for investing and saving, If we simply accept what we have we'll never rise and develop, In life we must work hard and achieve everything; it must be earned.
And it's also important to remember that if we don't have savings and investments, we'll have to work hard until we die and we'll never enjoy life.

Yeah i understand what you’re saying. But in many parts of the world, that is really not possible. There are still many countries, cities where unemployment is extremely high. Or you have to work 17–18 hours a day and still can’t earn enough money to cover your  basic needs like water, food. In some regions, 90% of the population lives below the hunger line. And it is not rare cases.

Everyone knows that investing is important for the future. But conditions are different for the people who have the ability to write on this forum and those who are struggling just to survive in some corner of the Middle East or africa.

[Danica22]

Saving your money without investing it into a business is good but, its not a too good thing to do because it actually has a limit to which it can carry anyone. Money is ment not to be spent or even saved up some were in the bank or your saving box but, should be ment to serve you in the sense that money can be put into an investment that will continually serve you .This is the secret that most people don't know but only the rich understand this fact that money was to be a servant that will continually working for you even when you are sleeping the reason is investing.

This is not a secret or known only to the rich. Everyone knows about this, investing, business, or using money to make money. But the problem is that poor people often don't have the courage to invest their money, instead they choose to deposit it in the bank. They want safety and are willing to accept low returns, but what they don't think about is that bank interest rates are not enough to protect them against currency devaluation.

This is not a secret and everyone knows from investing, inflation or currency devaluation, but the thing is that many people fear and underestimate inflation.

[Z_MBFM]

waste money :this are the people who think that the money can never finish, this are those who feel they have arrived and thinking that there's no need to invest or save, always pressume until it becomes late.. foolish people waste money

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.

Everyone should be very strict about wasting money because money is never permanent. Someone can own a lot of money but that money can be lost from him at any time somehow. Those who waste money mean that he does not care about money and he thinks that he has enough money with which he can maintain his entire life including his family. And he thinks that if he wastes money, it will not affect his legal status. These things make him careless. Everyone must have an extra care about money because money is very important in the world. Whoever has money can achieve everything in this world but whoever does not have money continues to live a difficult life. So as long as there is money, one must understand the value of that money.

[Iranus]

I doubt that. Most reach people we see today have inherited their money that or that way. I mean, you can marry a person from rich family and then become rich too. I personally find you post very dangerous because young people who don't know any better can really follow it and invest  their and, as most investors do, lose it. If you want to make a lot of money - study hard, learn something valuable and find a good paying job. This is much better way to become rich, and more probable one, than trying to invest and double your money.

No offense, but in my opinion, the notion that investing is the only way to improve your life or become rich comes mainly from countries that are experiencing terrible inflation and widespread unemployment. That makes people desperate about education, about government and they are almost completely stuck in life. They have no other choice but to invest and see it as the only way to escape those bad things.

But not everyone is in their situation and yes, investing is not the only and best way to become rich.