Pages:
Author

Topic: Why we should prioritize investment over saving - page 7. (Read 2277 times)

legendary
Activity: 2128
Merit: 1775
Why we should prioritize investment over saving.
Both understandings are here.
Quote
Saving is basically just securing money, while investing is allocating money to achieve a target within a certain period of time.

In the quote above, it clearly states the priority of both, the understanding is that crypto/Bitcoin is a value that moves from time to time, where you have a long or short term increase in the value of the asset you invest in, Saving certainly doesn't add any asset value to you, whatever you save is what you have to take.

Investment increases the value of assets not only in crypto/Bitcoin, land, gold and so on can also happen, saving is of course what you save, that's what you reap, it doesn't add, that's the reason investment is prioritized.
sr. member
Activity: 756
Merit: 356
That's why Bitcoin is king. With Bitcoin, your savings can also be an investment. So the best thing to do in my opinion is to save in Bitcoin, that way you have savings that are also an investment.
But that savings should be a long-term saving because we know how volatile Bitcoin can be.

What I do is, when I'm saving for something, which is usually in the short run, I save in fiat. It's usually 2-3 months so inflation doesn't eat too deep despite how inflationary my local currency is. But when I'm saving for something that's a long term I do it in Bitcoin. That way I have a higher chance of making a profit on my savings and I don't have to worry about inflation.
full member
Activity: 2268
Merit: 121
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
considering investing is good, but it must be proportional to your savings, I think here is the money used to survive or your monthly expenses, so you set aside for that, then you reinvest it.
because over investment is also not good, you have to divide it for your needs and your emergencies.
I think that's right. As long as there are extra funds that are apart from daily use and can be guaranteed that they won't be disturbed, of course it's very good to invest in gold, crypto some is saved for sudden needs. However, it is not recommended for deposits because the interest rate is very small and cannot be used immediately if necessary.Some investment profits can expand investment into other things, such as trading in basic necessities that are needed at any time, because this is certainly very promising.​
member
Activity: 1316
Merit: 10
summarizes all my savings and investments. Crypto investment is the main thing for me, for example, if I have made a profit, I save to allocate it to buy land for a certain target. For me, land investment is good for the future and can produce farming. And it all has risks, but if you understand the material it will be easier
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
Saving and investing are actually both complimenting each other. If we don’t have enough savings, we will not be able to invest at an amount we can afford to lose, while investing is the only way to see our savings multiplying faster than letting it sleep in the bank with its very low interest.
I don't agree with that, though I understand that a person needs to first accumulate money, and create capital that they can use for investment purposes, but you can't call that savings, because savings are not supposed to be used for investment purposes, and you should have a different accumulation that you will use only for investments and nothing else unless very urgent and necessary.

However, we can still invest through taking a loan but that will only add to bigger risk of losing. But the important thing here is we have goals to invest, that way we can always gain chances to create long term financial returns once we invest our savings in the right coins or right investment like bitcoin.
Taking loans for investments is only good if you know you have a foolproof investment idea that is guaranteed to earn you profit so that you don't just take the loan, invest the money, get nothing in return, and then have no money to repay the loan which will cost you 2x as you have already lost your investment and then you will have to repay the loan from your pocket.
sr. member
Activity: 1148
Merit: 252
Undeads.com - P2E Runner Game
considering investing is good, but it must be proportional to your savings, I think here is the money used to survive or your monthly expenses, so you set aside for that, then you reinvest it.
because over investment is also not good, you have to divide it for your needs and your emergencies.
sr. member
Activity: 1666
Merit: 426
because with investment we can maintain the value of our property our money from the scourge of inflation. if we only save the value of our money will clearly decrease due to the scourge of inflation. which is of course the value of inflation is higher than bank interest. so if we only saving, of course we will lose.
Another thing that you can do to help you against inflation is to find a steady job because that way you'll be able to make sure that you're not relying too much on your investments, with steady paycheck you'd be able to prevent yourself from getting too many cookies in the cookie jar if you catch my drift, you can rest easy that you're getting more profit because you're not losing a lot for essential purposes.
legendary
Activity: 2576
Merit: 1043
Little_Mouse Campaign Management | OrangeFren.com
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.
~
There are many reasons why people are still considering saving their money.

1. There are people who are saving money for emergency funds. I will use myself as an example because TBH, I don't put any money on banks that's not intended for emergency purposes. Yes I'm still saving, but not for the sake of profit, or interest, but I'm saving just in case something bad that happens, and I need money. This is the one that many savers must consider. If they're putting their money in banks because they believe that it will grow there then they're wrong.

2. There are people who are saving their money because they aren't that knowledgeable enough when it comes to investing. I mean when there are people who don't know how to invest, but they want to keep their money safe, banks are their number 1 option. Yes, there's nothing wrong with that. It's just that they don't know the concept of inflation, and the buying power of their money is going down because of it.

So too me we should think of investing more of our money than saving it, so that  inflation wouldn't eat it up.
Telling people to invest instead of saving isn't as easy as you think. There are some people who don't have free time learning anything about investing. There are people who sees investing as a hard thing to do thus, they will not be interested in trying. There are some people who'd rather save it instead of investing because they're afraid that their money might loss if they do it. There are many reasons why people prefer saving more than investing. In the end, it will all comes to how literate that person is when it comes to money.

In my case, I believe that I'm literate enough to know that saving just for the sake of profits is a no-no. I'm always prioritizing investing, but I'm not forgetting to save my money as well.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
Well, in general perspective, investment generates more money than saving however risk is present on the extent that the investment could be a scam or not profitable. It simply depends on what type of a person you are. If you're interested with investments then it would be best to be a pathway however there are peopl are are more comfortable with saving because risk present is only if it will be used for other things which could decreease the total amount of savings but dependent with the discipline an individual is having as long as the mindset he/she possess. What's more advisable? Determine which will be suitable for your lifestyle and priorities.
Investment bring profit in the larger scale in comparison to savings. To the increased profiting, there is high risk. Not everyone have the mind to take big risks. Through investment it is possible to increase the number of income sources whereas with savings the income is limited as well as the percentage of profit generated through savings will be very minimal. Savings is mostly preferred by people who doesn't have much knowledge about the possibilities available to make their savings better for future.
Well, conclusions are sometimes misleading. Not because someone avoids investment it will automatically lose the possibility that he has knowledge with investments. It is just a matter of preferences to an individual. There are interesting ideas in the field of investment but not alll would be interesting enough to pursue or actualize. I know some peopl who knows how to handle a situation than peope who just chooses their own way.
legendary
Activity: 3094
Merit: 1127
While crypto promises solid returns in the long run, that doesn't mean it's "risk-free". In fact, the risk of loss is higher due to market volatility. You should diversify your investment into more than one asset to protect yourself against this. What you do with your money is entirely your decision. As long as you don't spend more than what you can't afford to lose, there should be nothing to worry about. Wink
I remember the term "don't plant one tree in a large garden" and I think there is a connection with the way of thinking that applies one budget to one type of investment, we are not assuming anything negative for bitcoin investment but the risk of bitcoin is very high compared to other investments due to the influence of market volatility, the solution It is appropriate to diversify investments into various other options which are recommended for gold and land because their prices remain stable even though the country experiences inflation. I think if we organize proper financial management it can be easier to manage various types of investments because any losses will be recovered from other investments.
Lets just be realistic and i do agree into these sentiments on which its true that crypto investment is really that higher when it comes to risks on which there's no assurance that you could really be able to make money.

We do know about the golden rule when it comes to investment on which this is something that do talks about diversification on which you do know that this could really give out that chance
that you could really attain or achieve on having that financial freedom and this is what most people do really aim for on which that freedom when it comes on having tons of money.
Diversify as much as you could and make investments and business on which it do really give out that opportunity to have lots of income source.

Priority then it would really be that just depending on what you do need but it doesnt really need up that crucial thinking on which we know that
common sense is really just that enough to find out on which one is better.
hero member
Activity: 2282
Merit: 589
While crypto promises solid returns in the long run, that doesn't mean it's "risk-free". In fact, the risk of loss is higher due to market volatility. You should diversify your investment into more than one asset to protect yourself against this. What you do with your money is entirely your decision. As long as you don't spend more than what you can't afford to lose, there should be nothing to worry about. Wink
I remember the term "don't plant one tree in a large garden" and I think there is a connection with the way of thinking that applies one budget to one type of investment, we are not assuming anything negative for bitcoin investment but the risk of bitcoin is very high compared to other investments due to the influence of market volatility, the solution It is appropriate to diversify investments into various other options which are recommended for gold and land because their prices remain stable even though the country experiences inflation. I think if we organize proper financial management it can be easier to manage various types of investments because any losses will be recovered from other investments.
sr. member
Activity: 728
Merit: 252
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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 share your enthusiasm for prioritizing investments, but before diving in, I believe building a solid emergency fund of 3-6 months' worth of income is crucial. This safety net provides peace of mind and protects against unexpected expenses. Once that's established, if your income still feels limited, consider investing in yourself through learning new skills or taking courses. This can potentially lead to increased income and open up better investment opportunities in the future. Remember, there's no rush to jump into volatile investments like crypto until you have a strong financial foundation.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
Saving is important, but inflation can erode the value of money. Investing in Bitcoin or land, for example, can help preserve value over the long term. I think investing a little more than just saving helps protect against inflation. You need to find a middle ground for all of this, and this is often difficult to do.

You could try saving your money in a "De-Fi" protocol than a bank. Rates for stablecoins are a lot higher than those offered by traditional savings account. The key is to find ways to grow your capital to help combat inflation. Combining saving and investing is a must these days.

While crypto promises solid returns in the long run, that doesn't mean it's "risk-free". In fact, the risk of loss is higher due to market volatility. You should diversify your investment into more than one asset to protect yourself against this. What you do with your money is entirely your decision. As long as you don't spend more than what you can't afford to lose, there should be nothing to worry about. Wink
hero member
Activity: 2618
Merit: 548
DGbet.fun - Crypto Sportsbook
Investment bring profit in the larger scale in comparison to savings. To the increased profiting, there is high risk. Not everyone have the mind to take big risks. Through investment it is possible to increase the number of income sources whereas with savings the income is limited as well as the percentage of profit generated through savings will be very minimal. Savings is mostly preferred by people who doesn't have much knowledge about the possibilities available to make their savings better for future.
STT
legendary
Activity: 4102
Merit: 1454
Most of what inflation does is obstruct business, if you can invest in a company that can somehow make progress despite that headwind then you should go for it.  Problem is alot of retail shops especially get blamed for raising prices when they dont have a choice particularly, they are at the tail end of the supply chain arriving at the customers wallet who demand lower prices while earning less.

Quote
Quote
Gold, there's a chance you buy a fake gold and hard to hide it.
Gold has a set weight per the dimensions you can measure, nothing else will exactly match that so it should be fairly easy to check.  They had a balance or set scale made for gold coins a century or more ago, only an exact coin with proper dimensions will fit inside and it must counter weight to balance as valid exactly as expected.   Theres not much chance to get past that double requirement in terms of fraud its fairly safe but sure its possible in theory with much effort, normal coins are easier to fake as the element is not pure like a gold coin.
  With reference to investment, gold is just a plain commodity no yield not actually investment any more then if I sit a barrel of oil on my lawn or a cart of oranges they have a cost to keep and give me nothing back before sale.  I kinda apply the same to BTC, just plainly kept its not got a yield so I class it as commodity speculation not investment.
sr. member
Activity: 1400
Merit: 268
Fully Regulated Crypto Casino
I tend to disagree that we should prioritize investment over saving, my argument is that we never know when we will need an emergency money. Investment is not always quick selling, Bitcoin or Crypto for example, there will be a time when you need some emergency cash but your the market condition is not good, and if you sell your Bitcoin at that time you will suffer significant loss, but if we have enough saving to cover the emergency we don't need sell those Bitcoin at bad time.

So, my conclusion is that we still need to save for emergency fund, for me personally I save 6x of my average monthly cost for emergency, when we already have enough money on our saving for emergency, only then we can focus on investing and stop prioritizing on saving.
hero member
Activity: 2940
Merit: 613
Winding down.
It should be if we want to have a better life in the future. Investing is just like planting trees and after years of cultivation and growing, we gain long-term benefits. But saving is different as it never grows our money instead, the value becomes small due to the continuous market inflations. That is why it was hereby encouraged to plan for investment, taking this opportunity is the best solution to the growing inflations. Otherwise, we make our life too difficult in the few years from now. We have to remember that not all the time we are healthy, investing will save us when we can no longer work.
hero member
Activity: 1834
Merit: 720
In several posts I made, both investing and saving are equally important. so when we can do both, why not? And doesn't saving guarantee the sustainability of our investments?

In this life we can only plan for a better future, but we will never know what will happen to us from one second to the next. Investing is a form of effort to create a better future, and so that our investment can be protected, we must save so that when we are faced with an urgent need, that need can be answered without having to disrupt the sustainability of the investment we make. . Because sometimes when we are faced with an urgent need, this can push us into impulsive behavior to the point of making the wrong decision, such as withdrawing the investment we made even though its value is falling.

And as wise people, we must be able to differentiate between savings and investment. and simply put, savings are an emergency fund, while investment is a guarantee for the future.
hero member
Activity: 980
Merit: 559
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.

Saving has always been a bad idea from the day of inception but many of us didn't just realized how bad these institution has been making use of our money to make more money from the profits they get from us. The banks literally own no money, what they do is take your deposits and give it as loan, make millions and billions profits after the end of the year and reinvest the money again and the circle continue with more and more profits and they give you small cuts from these billions with 2% yearly interest of your deposits, isn't that bad and wicked.

When you want to invest, don't always based facts on Bitcoin, land or even gold, please explore into other investments that are good for long term because even Bitcoin is not perfect investment, it has its own disadvantage. We have some good stocks that are still healthy and worthy to invest on and after some time, they can give you something amazing in the future or better still diversify your investment into different things if you have much funds to allocate.
hero member
Activity: 868
Merit: 501
Chainjoes.com
because with investment we can maintain the value of our property our money from the scourge of inflation. if we only save the value of our money will clearly decrease due to the scourge of inflation. which is of course the value of inflation is higher than bank interest. so if we only saving, of course we will lose.
Pages:
Jump to: