Yes, it is foolish to save money according to the inflation of the country's money because it reduces the value of our money. so making the investment will be a very good decision for us. Although investment is very risky, if we can accept this risk and invest in the right place, we can make huge profits and save ourselves from inflation. so I personally think that investment from savings is the best idea to maintain the value of money as well as earn money.
Exactly, currently there are many investment media that provide very profitable offers, what is really avoided is investing in local currency or paper currency, I prefer to invest in property, gold and the most important thing is Bitcoin. I really believe that the three types of investments that I have chosen will provide many benefits when saved for more than the next 20 years. I am also very sure that inflation will not have an impact on these three types of investments. 
Topic: Why we should prioritize investment over saving (Read 2257 times)
Yes, it is foolish to save money according to the inflation of the country's money because it reduces the value of our money. so making the investment will be a very good decision for us. Although investment is very risky, if we can accept this risk and invest in the right place, we can make huge profits and save ourselves from inflation. so I personally think that investment from savings is the best idea to maintain the value of money as well as earn money.
Why you say "foolish" to people who want to secure their reserved money for the future?It is not a bad decision to have saving, people can have reserved money for emergency or urgent needs in the future. When it is for saving purpose, I also keep it in our currency. It can be easier to use it at any time, we can pay anything with our fiats. But if all our funds to put on the investment, the risk will be too high. There is no guarantee to succeed in every investment, there is a chance to fail as well. Having both saving and investment is a wise way to deal with the risks. Saving enables us to have reserved money to use at any time, meanwhile investment let's us to multiply our money. So, I think smart people won't focus on investment only, they will try to have both of them (saving & investment).
Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that inflation wouldn't eat it up.
Yes, it is foolish to save money according to the inflation of the country's money because it reduces the value of our money. so making the investment will be a very good decision for us. Although investment is very risky, if we can accept this risk and invest in the right place, we can make huge profits and save ourselves from inflation. so I personally think that investment from savings is the best idea to maintain the value of money as well as earn money. Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that inflation wouldn't eat it up.
When you are young you want to invest more and when old you must save as the time when which you will be spending that same cash is much nearer so the leeway of time for investment returns is not there so much. If you invest, lose some but gain back returns over ten years when young you can shoulder the losses as near term you are still earning and dont have to worry so much. The opposite is true when old, you have health considerations and other unexpected capital requirements that mean immediate use of savings there is no leeway to wait for investment terms to come to fruition.
Take advantage of your stance as you progress in life, at an older age you will have more capital and able to take less risk to gain the same amount back. At a younger age you have less capital but more endurance vs any losses you have the capacity to gain more in percentage terms for that risk taken but its less assured. When you retire basically it does require a guaranteed or assured income to be a fairly large part of your income. These two groups of people being diametrically opposite is actually part of a normal economy I think, they occupy different parts providing advantages in their own way.
Savings are a form of risked lending, ignoring government regulations for a second a bond will be more secure and rate more highly over any savings lent to an institution should the worst happen. Hence Bonds are the back bone of most modern economies and vital liquidity to company finance but also people like pensioners etc.
Take advantage of your stance as you progress in life, at an older age you will have more capital and able to take less risk to gain the same amount back. At a younger age you have less capital but more endurance vs any losses you have the capacity to gain more in percentage terms for that risk taken but its less assured. When you retire basically it does require a guaranteed or assured income to be a fairly large part of your income. These two groups of people being diametrically opposite is actually part of a normal economy I think, they occupy different parts providing advantages in their own way.
Savings are a form of risked lending, ignoring government regulations for a second a bond will be more secure and rate more highly over any savings lent to an institution should the worst happen. Hence Bonds are the back bone of most modern economies and vital liquidity to company finance but also people like pensioners etc.
Every conscious person must think about his future and by thinking about the future he saves. Saving is important for every person because as long as you have savings you are very secure. But we should give more priority to investing than saving because saving means keeping money, you can keep it in bank or yourself, but if you keep money, that money will not grow. Although there is no possibility of money growth through savings, but investing will have the possibility of money growth. Investing is riskier than saving, but that risk must be evaluated by every investor because you cannot succeed in life unless you take risks. So to achieve success in life we should give more importance on investment.
We must have both to maximize financial management and investment. If you prioritize savings only for emergency needs and other needs then you must be prepared for two risks, namely the impact of inflation and your assets will not increase because the profit sharing interest from the bank is very low, the solution combines with investments in gold, property and bitcoin.
Combining investment assets into several models has also become a better option now, because gold and Bitcoin have both experienced quite a big increase now. So saving large amounts of money seems to be no longer meaningful now except only for daily use and only for emergency funds, because for large investors they always prefer to increase their investment amount when they have money rather than continuing to collect fiat which in general can loss of value when inflation occurs in basic necessities. 
I think that investment and savings are equally important - investment as growing assets in the future, and savings as an emergency fund/short term goal. So a person must be able to have these two things, because they are quite important. However, if they can't, they can choose to build their savings first, because savings are emergency funds or short-term goals that will really help the person. Even though it will be exposed to inflation, I don't think it's too significant - another solution is they could save in gold to overcome this.
They each have a function to perform in our lives. Their modes of operation differ, and people occasionally save to invest, but not these days. The economy's poor performance makes it appear harder to invest in; as commodity prices rise, so does inflation. So, the financial system is evolving. Bitcoin's invention allows you to save and invest at the same time, as well as save in other currencies. And when it comes to emergency you can take money out of your savings. Working with the two of them is not necessarily a bad idea. And having savings does not happen till you have millions. Something tiny can also be saved to address whatever difficulty you are facing at the time. 
It is perfectly said and I totally agree with the writer of this article that investment is key if we are to have financial stability because with the rate of inflation on the prices of goods and services money is fast becoming valueless so while you are quitely saving that your money it value on the prices of goods is reducing but if you invest it into one small business no matter how small the business is there will always be return on investment.
In that way your money is growing rather than reducing
Are you forgetting the fact that investments can fail as well? What if you started a business and it failed and couldn't earn you any money at all? All your money is gone just like that, and since you didn't have any savings and have used all the money on the investment, you are now left with nothing.In that way your money is growing rather than reducing
This is why, I never recommend prioritizing investment over savings, if one thinks they can afford it, they should do both simultaneously, they should have one wallet or account for savings and another for investment and they shouldn't use their savings for investment purposes so that if they make an investment in the future and it doesn't work out, they would at least have some savings to give them some back up.
This is the mindset of people who are learning how to invest and are starting to make a small profit from their investments. They think they will always win in their investments and that making money is easy and they don't need to save or have a backup plan.
I have a cousin and he is only 23 years old. Before the Covid pandemic happened, he earned a lot of money through business and investment, every day he could earn $200-$300 and it was easy for him. And he started to become arrogant because he believed he was good enough to make money without having to worry about anything. But unfortunately, when COVID happened, his business and investments went bankrupt, and he lost everything. Now, he has to work as a laborer and save every penny to support himself. If he had tried to save a lot of money that day, I believe that his business would not have gone bankrupt and he would not have fallen into the tragic situation he is in now.
Saving is really important, even more important than investing.
It is perfectly said and I totally agree with the writer of this article that investment is key if we are to have financial stability because with the rate of inflation on the prices of goods and services money is fast becoming valueless so while you are quitely saving that your money it value on the prices of goods is reducing but if you invest it into one small business no matter how small the business is there will always be return on investment.
In that way your money is growing rather than reducing
Are you forgetting the fact that investments can fail as well? What if you started a business and it failed and couldn't earn you any money at all? All your money is gone just like that, and since you didn't have any savings and have used all the money on the investment, you are now left with nothing.In that way your money is growing rather than reducing
This is why, I never recommend prioritizing investment over savings, if one thinks they can afford it, they should do both simultaneously, they should have one wallet or account for savings and another for investment and they shouldn't use their savings for investment purposes so that if they make an investment in the future and it doesn't work out, they would at least have some savings to give them some back up.
Quite rightly since investment strengthens any kind of production process post-investment gains enable one to enjoy quality time with family and loved ones in his old age. Moreover there is no substitute for investment in the economic and personal development of any country. Investment-dependent people make their money production process more efficient and improved. If investment is emphasized among the people of the country then the unemployed people of the country will also be able to become economically independent through their small capital investment and be free from the curse of unemployment.
I also thought about why unemployed people who don't have jobs don't invest independently at this time, even though that is an important part of what they have to do by eradicating unemployment through themselves. Even though they can only start with a small amount of capital, I think it is also good for themselves in building their own economy over time because the one who is able to provide real change for themselves is themselves. So that's what sometimes makes me a little surprised why they don't do it from an early age to be able to achieve a brighter future in their old age.Quite rightly since investment strengthens any kind of production process post-investment gains enable one to enjoy quality time with family and loved ones in his old age. Moreover there is no substitute for investment in the economic and personal development of any country. Investment-dependent people make their money production process more efficient and improved. If investment is emphasized among the people of the country then the unemployed people of the country will also be able to become economically independent through their small capital investment and be free from the curse of unemployment.
I also thought about why unemployed people who don't have jobs don't invest independently at this time, even though that is an important part of what they have to do by eradicating unemployment through themselves. Even though they can only start with a small amount of capital, I think it is also good for themselves in building their own economy over time because the one who is able to provide real change for themselves is themselves. So that's what sometimes makes me a little surprised why they don't do it from an early age to be able to achieve a brighter future in their old age.
I think that investment and savings are equally important - investment as growing assets in the future, and savings as an emergency fund/short term goal. So a person must be able to have these two things, because they are quite important. However, if they can't, they can choose to build their savings first, because savings are emergency funds or short-term goals that will really help the person. Even though it will be exposed to inflation, I don't think it's too significant - another solution is they could save in gold to overcome this.
You can only have a good savings with your local bank and the savings will increase in value if only you made an arrangement with the bank manager and if not the matter you save with years nothing will come out and the same amount you deposited when you started the savings will still be there or they would even cut it and reduce it for you by electronic transfer levy. Example. I deposited $2 in one of my savings accounts in the year 2011 and yesterday I got a credit alert of "Credit:NGN5.55 A/C: SAVINGS ACCOUNT CREDIT INTEREST on 01-APR-24". That is amount is $0.0038 for 13 years. But I believed if it was in cryptocurrency the amount would have increased to a reasonable amount. So investing in cryptocurrency is the best.
Quite rightly since investment strengthens any kind of production process post-investment gains enable one to enjoy quality time with family and loved ones in his old age. Moreover there is no substitute for investment in the economic and personal development of any country. Investment-dependent people make their money production process more efficient and improved. If investment is emphasized among the people of the country then the unemployed people of the country will also be able to become economically independent through their small capital investment and be free from the curse of unemployment.
I also thought about why unemployed people who don't have jobs don't invest independently at this time, even though that is an important part of what they have to do by eradicating unemployment through themselves. Even though they can only start with a small amount of capital, I think it is also good for themselves in building their own economy over time because the one who is able to provide real change for themselves is themselves. So that's what sometimes makes me a little surprised why they don't do it from an early age to be able to achieve a brighter future in their old age. 
Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that inflation wouldn't eat it up.
It is much more valuable to keep that amount of money invested in bitcoin than to save little by little. There was a time when we didn't know about Bitcoin, maybe our family members saved it in the bank. They managed to save some money throughout the year but could not accumulate much money there. Just saved and there was no gain. Now I realize that if they had saved that amount of money in Bitcoin, Bitcoin would have been much more successful today for that amount of money. So those who know about bitcoin experienced bitcoin never save in bank they will always invest in bitcoin and increase their investment and later earn a lot of money. So to me it is never worth saving Bitcoin investment is the most valuable. Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that inflation wouldn't eat it up.
Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that inflation wouldn't eat it up.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that inflation wouldn't eat it up.
This is true and is also basic logic. The probability of one spending their saved money is very high. This may even be the reason why many lock their savings in a particular account. But that locked money is even going to be affected by inflation more than the money you spend every day. That is why it is advised to either let the money accumulate and get an asset, because let's be realistic, a person earning $20 a month can't buy land or gold with one-time savings, assuming he even decides to save half of his income. Now, we need to accumulate these savings or we pay bit by bit for the asset. The second option most times seems funny and is risky.
Anyways, investment is better than savings, but only money saved can be invested, yeah? You can't invest what's not yours or what hasn't been kept aside for investment, can you? So, both are just as important and are useless without the other.
Some savings are necessary in life as these savings will be some recourse in your old age. But of course, investment should be given priority over savings. According to me, investment should be prioritized for four reasons.
For the older ones, savings are a must because they can't take any longer risk unless they've got a huge savings that they can attain to lose money by taking risks with investments. It's best for the younger ones to invest at an early stage because they can attain to make mistakes and they can recover eventually, that's why the old ones are good to have with what's left on them if they ever have saved and invested at their young age. And as they grow old, it's best to them to just enjoy the profits they've made to enjoy life.As a result, this minimal knowledge will cause concerns for them in choosing investments. This level of concern is increasing along with the rise of investment under the guise of fraud, so that many people choose to save for the security of their funds. So I think many people choose to save independently or invest in banks because of a lack of education about investment, especially bitcoin investment. I am sure that if they knew the benefits they could get from investing for their old age, they would definitely choose to invest.
The reality is that prioritizing saving or investing is not wrong. it's just a choice for each person, because everyone has different plans. It's just me, the thing that needs to be done is to keep doing both.
It's not wrong for people to prioritize saving. That may be because he feels that the investments he has made are sufficient, or perhaps a percentage of the income he earns goes towards saving rather than investing. But on the other hand, focusing on investing is also not wrong.
Personally, I tend to focus more on investing than saving because I am focused on creating financial freedom. Where the income I get from investments and business can be more than the expenses I make. This will certainly increase the amount of savings I have when my investment is successful. However, I still save, although not as much as I invest.
It's better to be able to do both regularly. now the reality is that everyone has different finances, well of course everyone wants their life to be self-sufficient, it's just that not everyone can be like this, there are people who save but don't invest or maybe vice versa, because in my opinion, investing is like that. This can be done when our finances are stable, with the income we earn that is more than enough for our needs which are always met, when our needs are met and there is still money remaining which might be said to be quite a lot then we save, because investing is also according to I think we have to have spare money or savings or an emergency fund.It's not wrong for people to prioritize saving. That may be because he feels that the investments he has made are sufficient, or perhaps a percentage of the income he earns goes towards saving rather than investing. But on the other hand, focusing on investing is also not wrong.
Personally, I tend to focus more on investing than saving because I am focused on creating financial freedom. Where the income I get from investments and business can be more than the expenses I make. This will certainly increase the amount of savings I have when my investment is successful. However, I still save, although not as much as I invest.
because of course our life will not run smoothly, there will definitely be things that happen suddenly and require a certain amount of money to overcome them, now if we live our lives by having savings then when a sudden problem occurs maybe we can still overcome it because we have reserve funds or savings, well, if we only make investments and one day we experience a sudden event or problem and also need a budget to deal with it but don't have savings, maybe the action that will occur is to sell or withdraw the investment made because that is one way to do it. , even though you can get a loan, I'm sure getting a loan is not easy. So I think saving is important, even though it doesn't make you rich, you also need to pay attention to this apart from investing.
Investment is true to pursue profits but what about the risks faced? Meanwhile, if saving may always be discussed about things that are detrimental even though compared to the risk is very low. So I agree to invest, but of course I don't want to hurry up with an unseen-directed investment purpose, so if I have more money then I will save first. The point is that financial management is very important and of course does not have to mean the same as the others.
The reality is that prioritizing saving or investing is not wrong. it's just a choice for each person, because everyone has different plans. It's just me, the thing that needs to be done is to keep doing both.It's not wrong for people to prioritize saving. That may be because he feels that the investments he has made are sufficient, or perhaps a percentage of the income he earns goes towards saving rather than investing. But on the other hand, focusing on investing is also not wrong.
Personally, I tend to focus more on investing than saving because I am focused on creating financial freedom. Where the income I get from investments and business can be more than the expenses I make. This will certainly increase the amount of savings I have when my investment is successful. However, I still save, although not as much as I invest.
All-in investing is like a brawler neglecting his guard. Big shots appear nice, but one surprise (a job loss, medical bill, whatever) can ruin you. Smart investing and savings combine aggression and defense
This goes beyond a big bank account. Playing the long game, understanding the market, and recognizing your risk tolerance. Diversification and strategic choices always aim for financial freedom, not just money. The actual knockout punch makes the fight worthwhile
For the older ones, savings are a must because they can't take any longer risk unless they've got a huge savings that they can attain to lose money by taking risks with investments. It's best for the younger ones to invest at an early stage because they can attain to make mistakes and they can recover eventually, that's why the old ones are good to have with what's left on them if they ever have saved and invested at their young age. And as they grow old, it's best to them to just enjoy the profits they've made to enjoy life.
Yes of course the elderly cannot or should not take risks in their old age considering the financial risks the propensity to make mistakes and the loss of support. Because human productivity is not always the same in every stage of life. But before getting old we all should be interested in investing keeping in mind all the limitations of old age considering the time and opportunity in the right place and saving some money so that in old age we can enjoy the investment dividends.Jump to: