Your Bank Account Does Not Make You Wealthy , But Your Investment Does.

[Junii]

What is your take on this?

Yes that is the reality actually investments fights against the inflation. As the global economies faces inflation and decreased purchasing power it is necessary for people who want wealth or good money in the future and in current condition he / she has a regular source of income they need to start investing in assets that give them profits in the future. Few days ago i was sitting with my mother she is a house wife with a limited education . She told me that 6 yrs ago she invested her money in a physical gold and now her return is around 200% as in our country the investors takes benefits from both increasing prices of gold globally and depreciation of our country's currency against the US dollar. If she keeps that money in cash the purchasing power of that money decreases becoz of inflation but investment gives her a good return.

[Bd officer]

Any money kept in the bank can be affected by inflation, and possibly decline in value, but invested money sustains the value of your currency, grants the investor financial freedom, and boost economy as well.
Wealth can only be created by investment, and not dumping huge amount of money in the bank .

What is your take on this?

The main thing is that people do not like to take risks, which is why they like to keep money in the bank. But they do not understand that if you keep money in the bank, inflation reduces the value of money.
According to the situation of banks in our country, if you keep money in the bank, then not only inflation reduces the value of your money, but also you cannot withdraw money even after the specified time, thousands of customers are suffering from this problem. Based on the banking system of my country, I want to say that keeping money in the bank is foolish. Many will be surprised that I do not have a bank account.

Of course, investing money instead of saving money is the best plan. If you invest, your money will be protected from inflation and there will be a possibility of profit. But we have to invest in good sectors. Finally, I want to say that one asset cannot be relied on, so investment should be diversified.

[Swordsoffreedom]

Any money kept in the bank can be affected by inflation, and possibly decline in value, but invested money sustains the value of your currency, grants the investor financial freedom, and boost economy as well.
Wealth can only be created by investment, and not dumping huge amount of money in the bank .

What is your take on this?

The main thing is that people do not like to take risks, which is why they like to keep money in the bank. But they do not understand that if you keep money in the bank, inflation reduces the value of money.
According to the situation of banks in our country, if you keep money in the bank, then not only inflation reduces the value of your money, but also you cannot withdraw money even after the specified time, thousands of customers are suffering from this problem. Based on the banking system of my country, I want to say that keeping money in the bank is foolish. Many will be surprised that I do not have a bank account.

Of course, investing money instead of saving money is the best plan. If you invest, your money will be protected from inflation and there will be a possibility of profit. But we have to invest in good sectors. Finally, I want to say that one asset cannot be relied on, so investment should be diversified.