Save More than Spend

[icebar]

what is the essence of saving it when you know that inflation is gonna eat it up after all. the economic system is very bad that saving money will even depreciate the value of your saving when you need it the most. my advice for you is to either invest it in bitcoin or covert it to a stable coin like USDT or invest it into a business that will be profitable in the long run, than allowing it to be eating by inflation.

Why choose USDT when it is pegged to the USD, a currency that is also depreciating over time due to inflation? Stablecoin will not help us escape inflation.

You ask, Whats the point of saving? Saving is the foundation of any financial plan and a shield protecting your investment. It helps you deal with emergencies and prevents you from reluctantly selling off your investments. Saving is more important and necessary than you think, do not underestimate it.

Mang people want to invest in real estate because they think that it is best for everyone but many people are saving not which is bad for them because they can face any difficulty situation in which they need big amount of money and that time you liquid cash will help you to escape from that situation and if you will invest in Gold or property it is not looking good because gold is risky if you want to invest for short term because market is very volatile and people are holding more gold and many countries have gold as commodity for their safe future because they don't want to depend on dollar and dollar is not safe at that time when everyone is hating with USA due to policies of Donald trump and he has no actual friend and he is like a snake.

For financial security, a person can invest in any platform according to his convenience. But it should be remembered that any investment is risky. If we think that it is not possible to find an investment that is not risky. However, there are some who will choose how to save or where to invest by considering the convenience and the business plan. Some are currently trusting in gold because they think that the dollar can fall at any time. That is why gold is now considered very safe for investors to maintain its value. Some are collecting Bitcoin for the safety of their business. Everyone should save. Those who cannot save will never be able to achieve their goals. That is why we must have a saving attitude. If the amount of expenses is more than the income, then he will never be able to profit.

[wiss19]

When I read or hear savings tips in videos, it's not even funny anymore. In some ways, this resembles the advice from Marie Antoinette to eat cakes if there is no bread. What kind of savings?! Tens of millions of people don't have enough money just to survive. And, I believe, this is the case in many countries, everywhere.

Unfortunately, there are still some truth to it for some people and we just can't see it because we are in debt. I mean in theory, there are people who are buying the latest iphone even when in debt, and those people do deserve those kinds of advices, they need to save instead and they do not and they just buy stuff instead and live a terrible life. That advice is for them, not for you and me because our situation is different.

I am in big debt too, trying to get out, small amount left hopefully, but at the end of the day we are going to see nothing great about this at all, so we gotta realize that this advise isn't for us. What we need is just sustain for a small while longer, until our debt is over and then we will live with our income and salary without debt when that debt is finally paid off.

[Dictator69]

The best thing to be done now is to realise this fact and save any extra cash instead of spending unnecessarily.  Instead of increasing your purchases because of your increased disposable income, it is better you increase your savings.  Boost it as much as you can because you donot know gow the inflation rate would turn out in the next few months to come.

You made a very notable point sir, we might not realize this in that moment but you have and I am earning money right now and I am also spending more instead of investing, but I am spending to make some good moments, I beleive making some good moments and not worrying about the time while you have money in your pocket is not a bad idea even in the future we might regret it.

So many times, I had extra funds, I wanted to buy something, but I did not buy that, instead, I bought something in lower price that could also fulfill the desired work of the tool I was going to buy in high price. For example, buying an Android phone instead of IPhone etc.

Why, to save that money to buy another tool for my life or to help someone else, or to gift something to my family but it may sound selfish but I am not, but we must buy what we want and should not worry about the future that much.

But from an investment point of view, we must think.

[clifaduna]

Save more than you spend. Sounds easy, doesn’t it? But in practice, it often turns out to be the opposite: one unplanned purchase leads to another, and before you know it, your wallet is empty faster than you would like.

At the end of the month, count how much has been spent on all sorts of small things that you could do without. You will be surprised! Now imagine that this money didn’t go anywhere but went into your piggy bank, which you could use to invest in bitcoins.

The main thing is not to deprive yourself of everything, but to learn to catch the moment when you actually need it right now. Ask yourself this question, and you will be one step closer to saving. Next, when you understand this, you can plan to regularly buy a small amount of bitcoin, which will definitely contribute to your profit in the future.