Saving is Wasting? - page 11. | Bitcointalksearch.org

Woodie

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Quote from: karmamiu on February 08, 2023, 01:26:59 AM

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education.

Life was never meant to be easy, from the set goal where life begins it all started with a race to survival, then here in the animal kingdom they say survival of the fittest, and this experience you are going through can be treated like a training ground to prepare you for the real world out there financially, emotionally, mentally etcetera..

Quote from: karmamiu on February 08, 2023, 01:26:59 AM

I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies.

Let's say it as it is, you can only save & invest when you have surplus resources not when these are in limited supply, what happens if you invest and your needs require some funds to be sorted out...all the time and resources that you put in that investment will be all for nothing best option is to set aside an emergency fund as you might know what tomorrow holds.

Quote from: karmamiu on February 08, 2023, 01:26:59 AM

I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

21 first century jobs have evolved, it's not always about the white color jobs anymore, you could get into the gig economy by learning some kind of skills say photoshop, art, article writing etc, and get jobs on fiverr or something and you will be paid for it... don't say "there are limited side hustles " you could be looking in the wrong direction...Good luck.

rahmad2nd

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Quote from: Furious 7 on February 16, 2023, 05:23:53 PM

In conditions like this, it actually comes back to the choice whether we really want to save or invest.
Both are very good to do because apart from anything it is a good thing for future survival. It's just that maybe every action will have an impact that we will achieve. When we really want to save, the nominal amount of money we save obviously won't change in terms of nominal value, but it is possible to decrease in terms of essence, especially as the longer the price gets more expensive, but that's good enough if we still want the same results without thinking about risk. In contrast to investments, which will definitely be profitable for the future if we are right in investing, but with a note that the risk of loss also exists in this case, so we must really be able to find out what we have to invest well.

Yes, we agree. basically, both have their own interests and advantages apart from the pluses and minuses. Having savings will be very useful, especially in times of emergency. can also be used as a backup for something other needs. most importantly, we must have a goal in advance what we are saving for.

Meanwhile, investing is just as important. but what people rarely realize is, that investing has risks regardless of the type of investment. because after all, without sufficient knowledge and insight, investing can be a mistake, if not in the place or field. that is why, when you are about to start investing, at least someone already knows what he is going to invest. whether it's knowledge, insight, or all kinds related to the investment. also, the risks involved therein. for me, saving and investing are just as important especially for those of us who are involved in this industry.

tjtonmoy

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Quote from: stomachgrowls on February 18, 2023, 04:17:46 PM

I do really disagree into those idea that studying is shit and not really that much needed considering that there are indeed people who do succeed in life on having no educational attainment but its not something recommendable because we do know that when it comes to knowledge foundation then it is really still better on having that educational degree which i do see for it to be that compulsory or really that needed.
Saving when you are still a student is really indeed that hard on which you dont really have the chance on doing it on fullswing because we do know that it is really just limited
since we are still depending on our guardians unlike when we do have our own work or job which we could be able to do so.

I may have said it wrong, which led you to understand it in a wrong way. Studying in school college is shit business, I know that very well. The education system is rotten. But I said study. And what I meant by that is, in order to gain knowledge, you need to study. The basics of any knowledge comes from studying. Other thing we learn from our life. And knowledge is an asset which will be with you till you die. I don't disagree with you on the fact that those who don't study aren't successful, but at a point in their life they did learn the basics from studying. And i am not suggesting to spend all of his money in study. Just keep your degree for your back-up plans. It's never worthless IMO.

og kush420

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Quote from: molsewid on February 19, 2023, 12:29:03 PM

Quote from: Qiubell5 on February 16, 2023, 08:36:08 PM

Savings will not be in vain. You can save money for a while, but I think if there is an emergency, you should definitely take the money out. It would be nice if you could use your remaining money as a small business, so you can become an additional income.

But the thing is we need separate savings from emergency funds, it is different from each other we need to think that it is hard to have this both but in my own experience we need to earn more and more so we can have this both. Right now, I am just near for having a savings since I am under a lot of pressure because of my debt I really want to escape from this thing that's why I am sacrificing my sleep for me to earn and for me to have savings and emergency fund.

I was scammed last year and I was in huge debt. I worked like crazy for almost 6 months to pay off my debt
Rest assure that this too shall pass. Bad times does not remain forever - neither does the good time.

molsewid

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Quote from: Qiubell5 on February 16, 2023, 08:36:08 PM

Savings will not be in vain. You can save money for a while, but I think if there is an emergency, you should definitely take the money out. It would be nice if you could use your remaining money as a small business, so you can become an additional income.

But the thing is we need separate savings from emergency funds, it is different from each other we need to think that it is hard to have this both but in my own experience we need to earn more and more so we can have this both. Right now, I am just near for having a savings since I am under a lot of pressure because of my debt I really want to escape from this thing that's why I am sacrificing my sleep for me to earn and for me to have savings and emergency fund.

Jody.Drummer

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Quote from: tjtonmoy on February 18, 2023, 03:08:13 PM

Quote from: karmamiu on February 08, 2023, 01:26:59 AM

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Study is a must in life. It builds up your future. So investing in your study is not a bad thing. It might deem like a waste when you are studying, but when you can get a job and earn, you will see how important it is. Investment plan is also a good decision for your future too. As the inflation happens every now and then, if you are saving it then yes it is a waste. Cause over time the value decreases. You can save up little by little and invest them in different places for your future. You will need a good plan for that and the ability to save up to do so. Don't put all in one place and also remember, never invest what you can't afford to lose. So save up till the day comes.

Actually investment is for us to take in the future, because if we look at it now then I will also have the same thought, why save and invest? (if there is no such thing as a future). As a student, you should be able to understand more about this (thinking about the future). Because don't we have to think ahead? and one of them is thinking about our future. I understand when someone thinks this is a taboo thing, when we still receive money from our parents, because surely what we think is when our money runs out, we just have to ask for more. But our thinking should not be that simple.

suzanne5223

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Quote from: Freeman66 on February 16, 2023, 01:38:38 PM

Quote from: suzanne5223 on February 16, 2023, 11:41:24 AM

The longevity of an account doesn't justify the user's knowledge but I guess the user is stuck with the idea that education is the only thing to thrive in this world whereas it's all scams just like the fiat currency because most people who are Billionaires now are dropouts.
Having said that, the idea of saving fiat is a waste. Why would anyone save fiat currency when the government keeps printing more of it? It is better to invest in Bitcoin and Gold.

I totally feel what you are passing through, I understand you very well, To be frank I wouldn't advise you to save money while there are myriads of financial problems, I would advise you save when there is much. That is when you are less expenses spree. You can save the little you can for emergency purpose. But in a situation where you don't have much please avoid saving.

You don't feel what I am saying cause I am not talking about what I am passing through but telling people the fact about fiat currency because the government keeps printing excess currency which is making the previously printed fiat currency worthless and you can't keep saving in that same fiat currency which the banks used your money to enrich their pursue through your saving and expect a good result

stomachgrowls

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Quote from: tjtonmoy on February 18, 2023, 03:08:13 PM

Quote from: karmamiu on February 08, 2023, 01:26:59 AM

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Study is a must in life. It builds up your future. So investing in your study is not a bad thing. It might deem like a waste when you are studying, but when you can get a job and earn, you will see how important it is. Investment plan is also a good decision for your future too. As the inflation happens every now and then, if you are saving it then yes it is a waste. Cause over time the value decreases. You can save up little by little and invest them in different places for your future. You will need a good plan for that and the ability to save up to do so. Don't put all in one place and also remember, never invest what you can't afford to lose. So save up till the day comes.

I do really disagree into those idea that studying is shit and not really that much needed considering that there are indeed people who do succeed in life on having no educational attainment but its not something recommendable because we do know that when it comes to knowledge foundation then it is really still better on having that educational degree which i do see for it to be that compulsory or really that needed.
Saving when you are still a student is really indeed that hard on which you dont really have the chance on doing it on fullswing because we do know that it is really just limited
since we are still depending on our guardians unlike when we do have our own work or job which we could be able to do so.

tjtonmoy

sr. member

Activity: 1008

Merit: 366

Quote from: karmamiu on February 08, 2023, 01:26:59 AM

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Study is a must in life. It builds up your future. So investing in your study is not a bad thing. It might deem like a waste when you are studying, but when you can get a job and earn, you will see how important it is. Investment plan is also a good decision for your future too. As the inflation happens every now and then, if you are saving it then yes it is a waste. Cause over time the value decreases. You can save up little by little and invest them in different places for your future. You will need a good plan for that and the ability to save up to do so. Don't put all in one place and also remember, never invest what you can't afford to lose. So save up till the day comes.

MoonOfLife

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Quote from: molsewid on February 17, 2023, 04:05:14 PM

Quote from: MoonOfLife on February 17, 2023, 12:09:36 PM

You should know one thing that today's billionaires are very rich, they have a lot of investments in different fields, but they always have a few savings in the bank. So if anyone says that saving is a waste, they have no money to save. And those who say they only invest without savings, I want to know, are they richer than the billionaires in the world?

I think what he meant is , what we are doing with our own money. Some people died while writing for their salary to increase, so I think she has an emergency and willing to sacrifice his work and friends for that one. I just really hope that soon we can see that person who pick us how. For me, everyone needs saving, if you went to spend but condition yourself not to, then delayed gratification is there.

Saving is really important and so is investing. Our lives would be deadlocked without savings, but our life wouldn't be better without any investment. Just combine the two, both are good.
There are many people on the forum bragging that they have no savings, and they disparage people who are trying to save without investing. So I wanted to know if there is anyone richer than the billionaires out there, and they say so.

misterrtwisterr

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Quote from: erep on February 16, 2023, 05:20:06 PM

Quote from: kawetsriyanto on February 16, 2023, 04:56:29 PM

Yup. It is not wasting, saving means preparing reserved money for the future.
If we have savings, we won't be confused whenever we need some money in the future. We may have urgent needs in the future, so we must spend some money at that time. That's why we must have savings to ensure that we can deal with that situation.

However, if you expect profits, you may view it as "wasting/pointless".
Saving doesn't gain profits, it is different from an investment that offers profits in the future.

At the very least, we must have savings or investments for future emergency needs because we cannot rely on anyone to be able to lend money for urgent needs except from our own savings, so we must allocate some of the funds for savings from our monthly salary, but if we have other skills then we can allocate the salary from a side job for savings.

What I meant is that you can't constrict your life experience by being too conservative with money. If you haven't read the book Die With Zero by Bill Perkins, I suggest you give it a shot. It opened a whole another perspective for me.

molsewid

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Quote from: MoonOfLife on February 17, 2023, 12:09:36 PM

You should know one thing that today's billionaires are very rich, they have a lot of investments in different fields, but they always have a few savings in the bank. So if anyone says that saving is a waste, they have no money to save. And those who say they only invest without savings, I want to know, are they richer than the billionaires in the world?

I think what he meant is , what we are doing with our own money. Some people died while writing for their salary to increase, so I think she has an emergency and willing to sacrifice his work and friends for that one. I just really hope that soon we can see that person who pick us how. For me, everyone needs saving, if you went to spend but condition yourself not to, then delayed gratification is there.

MoonOfLife

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Activity: 714

Merit: 253

You should know one thing that today's billionaires are very rich, they have a lot of investments in different fields, but they always have a few savings in the bank. So if anyone says that saving is a waste, they have no money to save. And those who say they only invest without savings, I want to know, are they richer than the billionaires in the world?

Cookdata

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Quote from: karmamiu on February 17, 2023, 01:23:54 AM

If my account is the basis, then I should be already a hero member or a legendary member, right? I just recently came back after several years since I was also busy with my study, and yes, it's true that I have earned a decent amount before and most of those earnings went into a considerable good investment such as my computer which I was using for 5 years now and other needs. Now for the present time I could say I somehow regret it but as I've said it is a considerable good investment for me since I made use of the things I needed back then and should be grateful for that. Additionally, now what I'm really aiming is building for myself and investing while utilizing the resources that I have, because I know crypto or bitcoin is one the things that will greatly contribute me in the future. So, I do hope that I could read some of your suggestions, opinions and gain more knowledge which I literally skipped over the past few years.

Maybe not on your first question, your account was created way before the Merit system was introduced, if you were a Full or Senior Member on or before the 24th of January 2018, 500 merits should have been added to your account by default for every member who was already here and your merit is reading 253, I don't think you will be in Hero or Legendary at this point even your activity defined that on your profile.

As far as you used that bitcoin to get to where you are today, there shouldn't be any sort of regrets, it is a sad action done with a good purpose, this is not the time to feel awful, make use of that knowledge and buy back some bitcoin, you will enjoy the boldness of starting over in the future.

karmamiu

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Quote from: Freeman66 on February 16, 2023, 01:38:38 PM

Quote from: suzanne5223 on February 16, 2023, 11:41:24 AM

Quote from: Cookdata on February 16, 2023, 11:06:36 AM

Quote from: karmamiu on February 08, 2023, 01:26:59 AM

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

No troll intended my friend but I thought you should have some bitcoin considering your account has been registered since 2017! Huh

Saving is just like doing a grant fund for banking organizations, the money they run as a business is owned by people like me, and you, they make collective donations from rich and poor and set that up with interest rate that will give you nothing at the end of the year, the banks only favor those who have big shares, the poor only suffer at their hands by saving in their custody with poor services they may debit you at the end of the day. My little already known advice, buy and hold bitcoin when the price sinks at any given opportunity.

The longevity of an account doesn't justify the user's knowledge but I guess the user is stuck with the idea that education is the only thing to thrive in this world whereas it's all scams just like the fiat currency because most people who are Billionaires now are dropouts.
Having said that, the idea of saving fiat is a waste. Why would anyone save fiat currency when the government keeps printing more of it? It is better to invest in Bitcoin and Gold.

I totally feel what you are passing through, I understand you very well, To be frank I wouldn't advise you to save money while there are myriads of financial problems, I would advise you save when there is much. That is when you are less expenses spree. You can save the little you can for emergency purpose. But in a situation where you don't have much please avoid saving.

If my account is the basis, then I should be already a hero member or a legendary member, right? I just recently came back after several years since I was also busy with my study, and yes, it's true that I have earned a decent amount before and most of those earnings went into a considerable good investment such as my computer which I was using for 5 years now and other needs. Now for the present time I could say I somehow regret it but as I've said it is a considerable good investment for me since I made use of the things I needed back then and should be grateful for that. Additionally, now what I'm really aiming is building for myself and investing while utilizing the resources that I have, because I know crypto or bitcoin is one the things that will greatly contribute me in the future. So, I do hope that I could read some of your suggestions, opinions and gain more knowledge which I literally skipped over the past few years.

Qiubell5

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Activity: 191

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Savings will not be in vain. You can save money for a while, but I think if there is an emergency, you should definitely take the money out. It would be nice if you could use your remaining money as a small business, so you can become an additional income.

Mahanton

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Quote from: karmamiu on February 08, 2023, 01:26:59 AM

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

But not in online world,right? If you do see that there are less side hustles to make some extra income physically or locally then you could always have the opt on going on online because if we do really look around on the internet then there are lots of opportunities around.It is really just a matter of time and effort for you to see those things and would act accordingly for you to have that opportunity to earn more.
Saving isnt wasting because we do know on whats the benefits of these things.It is really just that there are moments in life which there's nothing we can do on saving up more because we are still that
dependent with our parents and our money isnt really just that enough for us to have that savings that we can rely on.

Furious 7

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In conditions like this, it actually comes back to the choice whether we really want to save or invest.
Both are very good to do because apart from anything it is a good thing for future survival. It's just that maybe every action will have an impact that we will achieve. When we really want to save, the nominal amount of money we save obviously won't change in terms of nominal value, but it is possible to decrease in terms of essence, especially as the longer the price gets more expensive, but that's good enough if we still want the same results without thinking about risk. In contrast to investments, which will definitely be profitable for the future if we are right in investing, but with a note that the risk of loss also exists in this case, so we must really be able to find out what we have to invest well.

erep

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Quote from: kawetsriyanto on February 16, 2023, 04:56:29 PM

Yup. It is not wasting, saving means preparing reserved money for the future.
If we have savings, we won't be confused whenever we need some money in the future. We may have urgent needs in the future, so we must spend some money at that time. That's why we must have savings to ensure that we can deal with that situation.

However, if you expect profits, you may view it as "wasting/pointless".
Saving doesn't gain profits, it is different from an investment that offers profits in the future.

At the very least, we must have savings or investments for future emergency needs because we cannot rely on anyone to be able to lend money for urgent needs except from our own savings, so we must allocate some of the funds for savings from our monthly salary, but if we have other skills then we can allocate the salary from a side job for savings.

kawetsriyanto

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Quote from: misterrtwisterr on February 15, 2023, 02:48:39 PM

I wouldn't say it's wasting, but it does become pointless at a certain point, especially if you're already well settled in life. There's balance in everything.

What balance do you mean? Huh

Yup. It is not wasting, saving means preparing reserved money for the future.
If we have savings, we won't be confused whenever we need some money in the future. We may have urgent needs in the future, so we must spend some money at that time. That's why we must have savings to ensure that we can deal with that situation.

However, if you expect profits, you may view it as "wasting/pointless".
Saving doesn't gain profits, it is different from an investment that offers profits in the future.

Topic: Saving is Wasting? - page 11. (Read 1939 times)