Why we should prioritize investment over saving - page 11.

Abiky

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Quote from: Barikui1 on January 29, 2024, 11:01:27 PM

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.

Investing is usually the best way to grow your capital. But it's much risky than saving your money at a bank. The higher the reward, the higher the risk will be. What you do with your money, is entirely your decision.

In times of crisis where inflation spirals out of control, it's best to invest your money in assets that tend to appreciate in value over time. I'm talking about precious metals like Gold and Silver, as well as, Bitcoin. Stocks are not an option, especially when they're too tied to the mainstream economy. I've seen stocks go down during economic crisis (like what happened during the COVID-19 pandemic). By investing wisely, you'll be able to beat inflation in the long run. Don't let greed take control of your decisions, and there should be nothing to worry about. Wink

summonerrk

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Quote from: Barikui1 on January 29, 2024, 11:01:27 PM

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.

That's exactly why I always listen with a cold sweat to stories about people who just kept cash in their drawer for years and decades. Didn't they realize that their money was being devalued in this way? But at the same time, I am against giving money to the bank at interest (deposit) and also against a long-term lock of coins (their exchange rate may fall), so any long lock is bad. In general, you need to steak so that you can pick up your tokens at any time.

Uruhara

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Quote from: rangga28 on January 31, 2024, 10:37:32 AM

Quote from: boty on January 31, 2024, 09:48:29 AM

Quote from: Uruhara on January 31, 2024, 06:02:45 AM

Investments can potentially make our wealth grow over time and of course with the risk that it can also decrease. But saving money will only make the amount of our money increase but the value is prone to inflation. And if suddenly the country we live in now experiences hyper inflation then the money we have saved will lose so much value. Like the case in zimbabwe and Venezuela.

So I prefer to combine the two. That is I save money for me to invest after enough. So save in the short term and then invest it for the long term. simple right? Wink

It is true that if we are able to invest well, we will be able to increase the wealth we have and we will also be able to minimize the losses we will face from investing because we have a lot of experience in this field, but if we choose to save, there are also risks. the value of the money we have will lose even though we have accumulated a lot of money and the country we live in experiences inflation.
I agree with you, if we combine these two things if we want to maintain the value of the assets we have and also the money we have accumulated, because if we only do one thing and we experience failure this will really make it very difficult for us to deal with it.

Saving and investing are both very important things that must be done, but each person certainly has their own perspective. In my opinion, saving is very important if your source of income is still within normal limits, meaning setting aside a little money from your daily income because this will make your daily finances less burdensome. Meanwhile, investments must be made when finances have truly reached a safe point. So in my opinion these two models must really be instilled in someone's mind to strengthen their economy and improve it.

That's exactly how it should be. The two are inseparable in the process of financial development in our lives. Because as people who have normal income we cannot immediately start investing with large capital. That's why we still need a saving method to collect money and invest it when it's enough. Even emergency savings are also needed in life such as to cope with unexpected situations that require money quickly and cannot wait for time to cash out assets or even take from the bank. So I personally also always set aside physical money and save it for a reserve fund or emergency fund. Sometimes we can use the emergency fund to help others too.

Sanitough

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Simply speaking, if you aim for higher returns of your money, then chose to invest than save. While there may be some risks associated in it, but if you are good and responsible enough, you will still end your investment while doubling or tripling the amount of your capital. However, if you chose to focus on saving, you will not take any risk and you will not be prone to losing due to wrong investing, but you will never see your money growing with high interest unlike investing is capable to provide you.

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Quote from: Reid on January 31, 2024, 01:14:58 PM

Not just inflation, because there's no growth in saving. Put in a bank, wait for a year and you get what 1 percent to 4 percent APY? It's not worth it.
Imagine the other things we can do to our money than just letting it rot in the bank?
We could start a loaning business even if it's just for the circle of friends so that you could be safe.
Or, invest it with low risk investments but gives a higher return when you compute it against the APY of the bank.

I am not bashing the banking industry but that's how it is for a long time. They are the ones reaping the rewards giving out loan to people while it's not really their money they are using. It's the people's money.

putting your money in a bank is just like for safe keeping purposes not because you want to earn something from it, because you can't. they have very small percentage of interest, unless, you will avail other financial services such as time deposit. but their presence in the financial industry is still vital as a lot of financial transactions are still passing thru banking system like your mortgage and other remittances. so we can't totally avoid the usage of banking services. also, most companies are also using banks for the salaries of their employees. let us put it this way, no matter what, for now, we still need banking system.
when it comes to investment, this is for you to explore your opportunities outside bank institutions. there are so many options now to take if you do want to make the most of your funds.

angrybirdy

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Quote from: Natsuu on January 30, 2024, 05:52:43 AM

Right. Saving money is good but inflation can slowly erode its value. Investing in things like Bitcoin, land, or gold can be a way to beat inflation and make your money work for you but it really depends on your priorities. These assets have the potential to grow over time, helping your wealth keep up with or even outpace the rising cost of living but it's essential to be aware that investing carries risks and values can fluctuate. We all have different priiorities so learn to not compare yourself

It really depends on a person's situation, there are some who prefer to save their money so they can easily get it when needed. We also have different sources of income, some people earn just enough and some have too much. You are right that it would be better to invest money to grow it but let's not forget to save, let's just diversify our finances properly.

Reid

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Not just inflation, because there's no growth in saving. Put in a bank, wait for a year and you get what 1 percent to 4 percent APY? It's not worth it.
Imagine the other things we can do to our money than just letting it rot in the bank?
We could start a loaning business even if it's just for the circle of friends so that you could be safe.
Or, invest it with low risk investments but gives a higher return when you compute it against the APY of the bank.

I am not bashing the banking industry but that's how it is for a long time. They are the ones reaping the rewards giving out loan to people while it's not really their money they are using. It's the people's money.

AnonBitCoiner

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Investment and saving both are necessary as both of them help us to cope up with the situations of inflation. In case of saving we have just that amount which we have kept for saving but investment can give us more amount due to increase in the price of asset. The assets which you have mentioned can give us good profit but in case of land we cannot put money little by little because we have to buy land with large sum of money at once whereas gold and bitcoin can be bought with the help of buying portion.

I think we should not ignore any of these assets as all these are very profitable so buy at least little portion of take part in all investment types which will be profitable for you in future. Also don't forget that all these assets needs time to establish more in worth therefore don't rush towards profit in less time.

AVE5

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You made some senses but the fact is that what has an advantage is also opposite to disadabi. @ OP, do not forget that the above mentioned investments also experiences inflations. However, saving your funds at where it doesn't profer income is a waste of time and resources because the range of times the money wasn't invested was like a dormancy finance in a stagnant degree. However, strategically, at the expectations of inflation in times ahead, it is economically wise to also save ahead of inflation so you purchase profitably during deflation

rangga28

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Quote from: boty on January 31, 2024, 09:48:29 AM

Quote from: Uruhara on January 31, 2024, 06:02:45 AM

Investments can potentially make our wealth grow over time and of course with the risk that it can also decrease. But saving money will only make the amount of our money increase but the value is prone to inflation. And if suddenly the country we live in now experiences hyper inflation then the money we have saved will lose so much value. Like the case in zimbabwe and Venezuela.

So I prefer to combine the two. That is I save money for me to invest after enough. So save in the short term and then invest it for the long term. simple right? Wink

It is true that if we are able to invest well, we will be able to increase the wealth we have and we will also be able to minimize the losses we will face from investing because we have a lot of experience in this field, but if we choose to save, there are also risks. the value of the money we have will lose even though we have accumulated a lot of money and the country we live in experiences inflation.
I agree with you, if we combine these two things if we want to maintain the value of the assets we have and also the money we have accumulated, because if we only do one thing and we experience failure this will really make it very difficult for us to deal with it.

Saving and investing are both very important things that must be done, but each person certainly has their own perspective. In my opinion, saving is very important if your source of income is still within normal limits, meaning setting aside a little money from your daily income because this will make your daily finances less burdensome. Meanwhile, investments must be made when finances have truly reached a safe point. So in my opinion these two models must really be instilled in someone's mind to strengthen their economy and improve it.

boty

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Quote from: Uruhara on January 31, 2024, 06:02:45 AM

Investments can potentially make our wealth grow over time and of course with the risk that it can also decrease. But saving money will only make the amount of our money increase but the value is prone to inflation. And if suddenly the country we live in now experiences hyper inflation then the money we have saved will lose so much value. Like the case in zimbabwe and Venezuela.

So I prefer to combine the two. That is I save money for me to invest after enough. So save in the short term and then invest it for the long term. simple right? Wink

It is true that if we are able to invest well, we will be able to increase the wealth we have and we will also be able to minimize the losses we will face from investing because we have a lot of experience in this field, but if we choose to save, there are also risks. the value of the money we have will lose even though we have accumulated a lot of money and the country we live in experiences inflation.
I agree with you, if we combine these two things if we want to maintain the value of the assets we have and also the money we have accumulated, because if we only do one thing and we experience failure this will really make it very difficult for us to deal with it.

arwin100

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Quote from: LastKiss on January 31, 2024, 12:27:59 AM

Quote from: Barikui1 on January 29, 2024, 11:01:27 PM

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.

We should have an emergency fund in our life so saving is important too, because when you have investment priority but with zero saving you can disrupt your investment strategy. Don't ignore saving some from our income just like we save some portion from our income for investing, long ago I ended up using my investment to pay my medical bill because I didn't have any savings and it was when Bitcoin at a low price made me lose my opportunity to take profit from my target.

People need to make sure that they are well prepared when taking investment decision since there's no going back if everything may fail especially if they don't have back up funds or emergency funds to use if everything falls unexpectedly. So savings is also important so to acquire this maybe we should have multiple income streams so that we will not get broke and can start over again once we are ready to risk again.

I know investment is important since this is what really needed to have better life but we should plan carefully each decision we made since rushing all things its because we think the current one we want to participate is the current trend then for sure there's huge chance that we will fail for this especially if we want fast return of the investments we go.

Uruhara

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Investments can potentially make our wealth grow over time and of course with the risk that it can also decrease. But saving money will only make the amount of our money increase but the value is prone to inflation. And if suddenly the country we live in now experiences hyper inflation then the money we have saved will lose so much value. Like the case in zimbabwe and Venezuela.

So I prefer to combine the two. That is I save money for me to invest after enough. So save in the short term and then invest it for the long term. simple right? Wink

Rockstarguy

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Quote from: Barikui1 on January 29, 2024, 11:01:27 PM

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.

I don't think their is any investment without savings. Savings is very important to start or make plans for investment. When savings becomes wrong is when people save without making any plans how to make any investment with the money. Saving money with no plan of investing it but just leaving it in the bank for a longtime is a wrong financial decision, with time this will make the money to lose value. The best way to attain better financial height is to save and make plan for investment that will yield more profit.

In this time just savings is not the decision people needs to focus on because on a daily basis inflation is going high, which people need to have the understanding to learn how to build more money than wasting it in saving for every longtime. We are in a a difficult time that money can't be in a place , it needs to be spent to add more value.

slapper

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The threat of inflation is real; inflation steals our money without our knowledge. Anyone who wishes to retain or develop their money should know about Bitcoin, land, and gold. In an unpredictable financial landscape, Bitcoin shines. It is an asset and a statement against outmoded financial arrangements that have failed us repeatedly

Avoid oversimplifying. Investing entails risks and obstacles. Expertise, patience, and risk tolerance are needed with volatile assets like Bitcoin. The biggest risk is not leveraging our resources. We must be strategic to battle inflation and secure our financial future. Investment should come first, but do so with open eyes and a thorough grasp of what you're doing

Oasisman

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Quote from: LastKiss on January 31, 2024, 12:27:59 AM

Quote from: Barikui1 on January 29, 2024, 11:01:27 PM

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.

We should have an emergency fund in our life so saving is important too, because when you have investment priority but with zero saving you can disrupt your investment strategy. Don't ignore saving some from our income just like we save some portion from our income for investing, long ago I ended up using my investment to pay my medical bill because I didn't have any savings and it was when Bitcoin at a low price made me lose my opportunity to take profit from my target.

Exactly, that's the part of the saying "invest what you can afford to lose", without emergency funds, your investments is at risk of unwanted withdrawals, thus it would result into a loss, especially when the market is down or at a bearish period.
I think tha correct process of investment/saving, is to save first at least 5-6 months of the total of your monthly income, then you can proceed to invest your money after that. Those savings will be considered as your emergency funds (for health and immediate job termination) and will be considered as an investment protection funds.
A lot of this kind of scenario have happened before, they thought they can make profit even before an emergency arises.

Ahli38

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Quote from: Barikui1 on January 29, 2024, 11:01:27 PM

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.

Investing is indeed the right step for the long term rather than saving. And this is closely related to inflation which can continue to reduce the value of the currency we save. Even when I reflect on the prices of several products in my country 2 years ago and now, I am personally a little surprised. Because believe it or not, prices have risen by almost 75% - 100% in those 2 years. So it can be said that if I save my money for 2 years then I will have experienced quite a big loss in terms of currency value. For example, 2 years ago, the instant noodle brand that used to be my favorite had a price of Rp. 2000,- (Rupiah) and this year the price has increased to Rp. 3500,- (Rupiah) Rp. 4000,- (rupiah). And the same thing happens with other things. In simple things like that, we already understand that the decline in the value of the currency actually continues to occur without us realizing it as the prices of our daily necessities rise. So that's why investing is a choice that I also make.

Xcode7

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Quote from: bayu7adi on January 31, 2024, 12:16:04 AM

Until now, investments have consistently been regarded as superior to merely holding onto cash or FIAT currency. I distinctly recall how the price of instant food in my area back in 2008 has now surged by 200%. Meanwhile, the average salary in my locality has increased by 100% (approximately) since 2008. While this inflation might not appear tangible in the daily time frame, widening the time interval to 5 or 10 years truly demonstrates the reality of inflation.

IMO... it's all about adjusting the allocation for storing FIAT currency to meet short-term needs. On the other hand, Bitcoin investment assets can function as savings because they can be easily exchanged for FIAT or vice versa, unlike deposits, which involve a complicated process.

That is true, but it goes back to our knowledge in investing because not all investments can be profitable.
Investing should not be haphazard and haphazard, we must also take into account the long term and to avoid falling currency prices because inflation is not a reason because it happens over a long period of time so that we can still save for the things we need. useful and even invest in the future.

I don't think everything has to be done in a hurry.

And to invest in Bitcoin, actually I don't doubt it at all, but it comes back to our targets and desires because investing in Bitcoin also doesn't promise to always provide profits even though it is quite easy to exchange it for FIAT currency when we need it urgently.

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Quote from: Barikui1 on January 29, 2024, 11:01:27 PM

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.

We should have an emergency fund in our life so saving is important too, because when you have investment priority but with zero saving you can disrupt your investment strategy. Don't ignore saving some from our income just like we save some portion from our income for investing, long ago I ended up using my investment to pay my medical bill because I didn't have any savings and it was when Bitcoin at a low price made me lose my opportunity to take profit from my target.

bayu7adi

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Until now, investments have consistently been regarded as superior to merely holding onto cash or FIAT currency. I distinctly recall how the price of instant food in my area back in 2008 has now surged by 200%. Meanwhile, the average salary in my locality has increased by 100% (approximately) since 2008. While this inflation might not appear tangible in the daily time frame, widening the time interval to 5 or 10 years truly demonstrates the reality of inflation.

IMO... it's all about adjusting the allocation for storing FIAT currency to meet short-term needs. On the other hand, Bitcoin investment assets can function as savings because they can be easily exchanged for FIAT or vice versa, unlike deposits, which involve a complicated process.

Topic: Why we should prioritize investment over saving - page 11. (Read 2273 times)