Topic: Save money today so money would save you tomorrow. - page 6. (Read 1596 times)

Your comment hit close home. I feel you on that one. My suggestion to people in countries like that is for them to save their local currency in dollar or any other they know is relatively stronger than theirs (that's if they can) or save in stablecoin if they've knowledge of cryptos. That's the way to go about it. Then only convert to local currency and use when the need arises or exchange the dollar/coin directly for goods and services. Without this, the person trying to save in their local fiat will continue to be at a great loss.

By saving it will be safe in the sense that when there is something mendeksa or needs that are needed because the money is ready that you save.

But if you make an investment -> it will increase your wealth or you can say rich starts from investment.

Back to the issue of saving and money that you talked about.

I know there are still many people who prioritize unnecessary items for the sake of momentary satisfaction just for their socialite while they will not think about how tomorrow because what is important now is enjoying tomorrow will be thought about again, so with this way of thinking it is clearly wrong because they have never learned how to manage money properly.

I don't recommend saving all your money, you should still set aside some for investment because here you will have a decent return rather than saving money which will eventually be affected by inflation.

Those who has the habit of saving money would never lack, that is one thing we need to know and keep doing so that we didn't fall victim of becoming bankrupt without any preparation of whatever that will help us to stay safe and not become a victim of brokenness.There are many ways we can save our funds making sure that it is available whenever we needed it. We can decide to use the fund to invest in cryptocurrency buy buying good crypto projects and leaving it for it to grow so that we can make money from it. This is also a way for us to make money and not to spend money extravagantly.

Saving money in a bank account or manually at home provides a sense of security, but the purchasing power of those savings may diminish due to inflation. Investment indeed offers a promising alternative to combat the effects of inflation and grow one's wealth over time. By allocating funds into various investment vehicles such as stocks, bonds, real estate, or mutual funds, individuals have the opportunity to earn returns that outpace inflation and increase their financial value.

Investment needs to be appraoched with caution and diligence, beucause it carries risks. If you want to invest, you need to conduct thorough research, seek advice from financial professionals, and diversify investments. These can help mitigate risks and maximize potential returns. By striking a balance between saving and investing wisely, individuals can better safeguard their financial future and achieve long-term financial stability.

Saving money alone cannot save us from the future's uncertainty but saving and investing as well will secure us a brighter future. While investing in gold can bring us a fortune, then the more that we can achieve financial freedom through saving and accumulating bitcoin.

However, saving gold is always the traditional form of investment and will never be underrated. But since we are now in the world of technology and innovation, saving bitcoin could perfectly suit the demands of our future.

True, on the other hand I think few people can think this far, they just think that saving in the bank or manual can save them in the future, but it is a fact that inflation will never be avoided, and one of the right solutions here is as you said that we should turn to other alternatives that are indeed the right idea such as investment, by having this place then you will be able to get additional value and amount of money over time and this will be very useful to balance your financial value with the increasing purchasing power due to inflation. On the other hand I am not saying that saving money is bad, because it is a good idea that leads to preventive measures, but on the other hand we must be more careful and look for alternatives that are truly a solution.

Spending few percent of salary for saving assets is very good ideas exactly for young generation, but not all true with saving money help us in the future regarding the inflation values of fiat and hold it in the bank. Better save money trough investment such as gold assets or could be investing in cryptocurrency more save us tomorrow than saving only without yet increasing the value.
Young generation actually has stable financial and they not spending all salary for daily needed, they don't have many responsibility except their self and very difference with some one has family and spent their salary all four their children, wife and their household needed. Make your young age moment for investing money and enjoying the profitable in the future.

If you talk about being thrifty, of course it is a sacred thing that every human being must do. Frugality is one method for success in life, wasteful is the source of trouble in the future, It is indeed a phenomenon that occurs in people's lives.

But if we talk about economics or saving and saving money, for me money cannot save us in the future, for example what happened to the people of Zimbabwe, Venezuela, money like rubbish there has no value, maybe saving and saving gold for me is a good opportunity to save us in the future, in my opinion gold is better than money in saving.

Those who have the possibility of saving money should use their privilege and save money while they can because not everyone in the world can do that.

People who barely earn enough money to cover the monthly expenses or feed their family for a whole month will barely be able to save any money even without spending a penny on useless things because they are not earning a lot of money, but someone who earns more than they need for a month, they shouldn't waste it because life is unpredictable like the cryptocurrency market, there will be ups and downs and you should always be prepared to face any situation, and remember, the world we live in today is all about money, you can't do anything without it. So, prepare for the future while you can.

By having savings, of course this will make it easier for us when we have emergency needs and we can use these savings when we need them, but related to inflation we cannot know for sure when it will happen and we have to be prepared for this and the money we save will still have value. it's the same and what differentiates the money that we previously used for a need is very different if we shop when inflation occurs.

What you say is right, if we save in assets whose value tends to increase this will be very profitable and we can choose according to the money we have from the three you mentioned, all of which are good, but if we want to buy land then we have to have a lot of new money can buy it and Bitcoin and gold will make it very easy for us and can buy it whatever we can afford and it will continue to increase in price and can profit from it.

In some certain countries saving money in that country may cause you more harm because the value of the currency maybe depreciating everyday the money you are serving in the bank might continue to depreciate and they cannot afford something in future again for you depending the time you stuck your money in the bank so what I'm saying in essence is that instead of you to bank your money it is good or better for you to invest it into something else that will be giving you daily weekly and monthly return, so is better for we to ensure that we diversify our money to different business or investment that will give us return instead of keeping our money in a bank, it is obvious the bankers trade with our money without our permission.

prices continue to creep up and expensive prices mean that inflation in your country is not controlled. if money is only kept in the bank and not used for investment, it is even a loss in addition to the admin fees, the value of your money will also decrease its purchasing power every year due to inflation. so frugal living is for investment not just saving it.

What important is to learn how you are going to manage your finances, this is the thing that I learned that made me realize how important knowledge in finances is, I mean our education doesn't really have something that is going to help us learn to be a financial literate it almost like they don't want us to know this kind of things, wanted us to be working that is working 8-5 daily and then spend our money on something that we can't really afford offering us like credit cards, etc.

It is actually really easy just save a huge amount of your money instead of probably 20% up to 40% of your salary or your sources of income, the higher you save or invest the better it is going to be, with the trick don't buy anything that you don't really afford, if your card buys a phone just don't buy it yet, consider if you could recover from for example like 100$ your spending it on something if your salary is about 1000$ it is probably just a small percentage and you could easily recover from what you spend, But if you're going to spend around 1000$ on just one thing which is already your whole salary it is probably something that you need to think about first since you cant really afford it, or probably your just end up using a credit card which is the main problem that could make it difficult when it comes to your financial.

That's easy to say but think about the circumstances of each individual, it's unfathomable but we all know that they're different for each other which means that you can probably save but there's other person out there that can't do it because the situation that they're in doesn't allow them to save up, for example, a person that works a minimum wage has all that salary enough for them to survive the month with no extra because it's the exact amount and even at times they have to borrow to make ends meet. Sure saving money can be a really good thing and it will definitely help you, no doubt about that but remember that you need to straighten your priorities, if your money is only enough for survival mode then don't consider saving yet because you'll just spend that savings prematurely when the need for money inevitably happens, get a raise for your job or find other ways to make money so you can be comfortable saving money.

The most important thing is to understand needs and desires, so that the income we have can be allocated to saving, it would be even better if invested, so that we will get a profit from it, especially if we are still young, so we still have a long way to go in planning the future, as well as maybe we can prepare, while we don't have much to spend on, therefore financial management must be done well

As has happened in the last few years, inflation has not occurred significantly and the percentage that will occur is very small so I don't think it is a high risk.
Saving is indeed quite important for the future because no one knows what will happen in the future when we are in trouble so saving is one thing that can save us.
And regarding how people save, they each have their own way, investing in crypto or real estate, there are even people who just save their money, I think they all have the same goal even though the methods are different.
And the risks that will be faced will be quite worth it with the possible possibilities that we will get from these choices.

So, based on what you wrote... I take it that you are still a student, because students normally get allowances and workers get salary or wages.

As a student, I studied part-time...because I had to pay for my own studies... with the money I earned from my salary... so I did not have a lot of money to spend on savings.

The small amount I had, I used to buy bitcoins when the price was about $300 and I sold it for $33 000... and made some good profit.

Saving money can provide us with security during times of hardship or unexpected events. However, there are also risks associated with saving money, such as inflation. What if a country suddenly experiences hyperinflation? The value of your savings accumulated over years of work may decrease significantly, and you may only be able to afford very cheap items. It's better to save in assets that tend to increase in value over time, such as bitcoin, gold, land, and others.

Yeah by investing right investment money grows fast but by investing you have to take risk if you don't invest in the right sector then you lose money. But the risk is less by keeping the money in the bank here the interest rate is lower but the amount of money is right you can withdraw it as you wish it is not possible in investment.

Well, since ancient times, saving has been important. This could be aid funds for urgent needs, or things we don't know about. However, before saving, we should first improve our money management strategy. I once read an article that no matter what your salary is, if you have bad management, your salary will disappear very quickly. So, I also suggest trying to manage the finances we have. This is an important foundation for saving money.