The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.
savings are always useful in the future generation but investment make you future life for you but the investment is more riskier than the savings that's why whatsapp people don't try to invest in unknown investment but savings is always give the security for your future
saving is good for collecting your wealth, but never forget inflation, of course you don't want to save money too long but precisely the value of your wealth continues to erode due to inflation, thats why other options to save are very important, namely with investment
Well, everything comes with its own risk too, you could decide to put your money too in assets and the assets depreciate, you could put it in an investment and the investment will collapse too, so there is absolutely nothing that doesn’t have risk. If we keep considering the risk, we will find ourselves not moving forward. We just have to make some drastic wise decision concerning so many things, and in this case, the best for me would be to practice both.
It is not bad if in have investment and not also bad if I have savings, they all have their own different and major roles to play in the financial system of one’s life.Without investment, there is no way we can continue to accumulate wealth, and without investment too, there is no way we can continue to have money for the savings, so both are vice versa.