Altcoins Talks - Cryptocurrency Forum
Further Discussions => Economics , Sociology & Politics => Topic started by: Penlex_Writer on December 30, 2024, 11:12:15 AM
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Investing and savings is of two categories,they are both importants to humanity,savings means to store for future times to come,savings takes place when planning is ahead off,while investment comes with risk, but also the potential for higher returns,the both are very important factors for a healthy financial plan,but when going to investment you have to educate yourself before taking any positive decisions.
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what i like to think about is that any of my investment is not money for me to spend that should be completely different from the money you are allowed to spend for daily transactions or something else i do not allow myself to touch or even look at the money i have in investment assets while savings can be spent but only for emergency purposes only i will go spend my savings first before the investments if i really had to
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In the 3rd countries where I am, saving dollars is a lot better than saving money in local currency. People who have no access to USD are not going to save a lot since inflation is just going to become worth lesser and lesser every year.
Th advice we get all the time is investing because it the way to build wealth. Of course it's better to invest. If only it's available to anyone.
It's only when crypto existed where people have the opportunity to invest but before crypto the unbanked has no chance.
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Of course that the investments are not the same as savings.
But then again any decent investment can grant you at least 5% returns per year, which does not sounds so much, but if you are in such investment for the long run it can pay off very nice
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Of course that the investments are not the same as savings.
But then again any decent investment can grant you at least 5% returns per year, which does not sounds so much, but if you are in such investment for the long run it can pay off very nice
some people invest to prepare for retirement so if you are still young and you still have a long way ahead of you 5% a year doesn’t seem too bad especially if over the years you can add more and see bigger returns by the time you are ready to retire i am sure the money has grown a lot already and you are ready to retire comfortably
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Investing and savings is of two categories,they are both importants to humanity,savings means to store for future times to come,savings takes place when planning is ahead off,while investment comes with risk, but also the potential for higher returns,the both are very important factors for a healthy financial plan,but when going to investment you have to educate yourself before taking any positive decisions.
There's a difference between saving and investment as the two terms are used in different context while saving is the act and practice of keeping or storing up money solely for the purpose of future use while the act of investment is involves using your money in settings up a business or something that will bring return on investment
One distinguishing factor that make the two difference is that investment brings more money to the person who invested as investment grows and multiply over time as the investment expand over time
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Investing and savings is of two categories,they are both importants to humanity,savings means to store for future times to come,savings takes place when planning is ahead off,while investment comes with risk, but also the potential for higher returns,the both are very important factors for a healthy financial plan,but when going to investment you have to educate yourself before taking any positive decisions.
Well for me both actually compliments each other as you invest in something it means you earn something and there you can get funds to save so that in times of emergency you have something to use for without sacrificing your investments though there are other ways to do this but it is up to our convenience and preferences. Knowledge is always the key on this.
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Investing and savings is of two categories,they are both importants to humanity,savings means to store for future times to come,savings takes place when planning is ahead off,while investment comes with risk, but also the potential for higher returns,the both are very important factors for a healthy financial plan,but when going to investment you have to educate yourself before taking any positive decisions.
In this current era, no one is advising anyone to continue saving when inflation is imminent. Investing comes with risk but you can’t achieve a lot or your set out goals by just saving money, you have to invest them in order to counter the inflationary nature of economic today. Savings use to be a very good way to keep money as it’s not susceptible to risk but it is no more the best way. A lot of investment are today taking over the place, you just have to analyze and look for the best possible one with less risk and good reward for the time being you want to keep them for. This is just like buying low to sell higher as a trader in the market looking for daily means of income for survival.
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Investing and savings is of two categories,they are both importants to humanity,savings means to store for future times to come,savings takes place when planning is ahead off,while investment comes with risk, but also the potential for higher returns,the both are very important factors for a healthy financial plan,but when going to investment you have to educate yourself before taking any positive decisions.
Saving is extremely important and helpful in some cases, so also, investing is also profitable but it can be risky at times, because the future of your capital is unpredictable or uncertain. Some people know the advantages of saving and investing but some doesn't. Some people enjoy lavishing their money without thinking twice, forgetting their future, they don't think whether they may faces some financial issues, challenges and difficulties, and during this time the money they save will be beneficial and helpful to them. But I can see that despite the hardship of the economy, some people have not learn their lesson and they are not ready to listen to anyone who advice them to save for future use. But as they say: EXPERIENCE IS THE BEST TEACHER, if they experienced hardship even once they will be able to manage and utilize their resources.
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Investing and savings is of two categories,they are both importants to humanity,savings means to store for future times to come,savings takes place when planning is ahead off,while investment comes with risk, but also the potential for higher returns,the both are very important factors for a healthy financial plan,but when going to investment you have to educate yourself before taking any positive decisions.
Saving is extremely important and helpful in some cases, so also, investing is also profitable but it can be risky at times, because the future of your capital is unpredictable or uncertain. Some people know the advantages of saving and investing but some doesn't. Some people enjoy lavishing their money without thinking twice, forgetting their future, they don't think whether they may faces some financial issues, challenges and difficulties, and during this time the money they save will be beneficial and helpful to them. But I can see that despite the hardship of the economy, some people have not learn their lesson and they are not ready to listen to anyone who advice them to save for future use. But as they say: EXPERIENCE IS THE BEST TEACHER, if they experienced hardship even once they will be able to manage and utilize their resources.
The thing about investment is that it has high potential of creating more wealth over a period of time investment play a very important role because when it comes to wealth creation you can't get there without investing because the part way that leads to wealth creation is embedded in investment one distinguishing factor that makes investments different from savings is that you you can't really create much wealth while saving because saving doesn't increase or brings more wealth to you but only helps you to store up what you have for future popurse and use
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Investing and savings is of two categories,they are both importants to humanity,savings means to store for future times to come,savings takes place when planning is ahead off,while investment comes with risk, but also the potential for higher returns,the both are very important factors for a healthy financial plan,but when going to investment you have to educate yourself before taking any positive decisions.
You must save to invest only if you hit a jackpot. I prefer to invest with the money that I saved rather than leaving it idle because fiat depreciates. Or I will rather save in bitcoin than fiat because bitcoin is an asset that is still growing in value. Any fiat with is should be for our emergency and basic needs.
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I'm pretty sure most youngsters prefer investment nowadays. Even if they opt for a savings plan for their bank account, they'd look for those who offer a high annual rate instead of those who don't offer anything. If we're talking from the perspective of older people like my parents though, they prefer to buy gold and save some money for short-term/mid-term planning. I don't recall them saving money for a plan that will come 10+ years, if anything it seems like they never plan that far ahead. Fortunately, they never fall into debt so they're living quite well.
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Investing and savings is of two categories,they are both importants to humanity,savings means to store for future times to come,savings takes place when planning is ahead off,while investment comes with risk, but also the potential for higher returns,the both are very important factors for a healthy financial plan,but when going to investment you have to educate yourself before taking any positive decisions.
Savings is not investing, but we can be saving alongside with an investment and this is only possible in cryptocurrency, if we are having a coin in mind, then we can invest on it and then hold our asset for some time, then continue to invest the more on it as some will termed it DCA and this is mostly done with bitcoin, at the end of it all, we discover that we have made it all to profits.
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You can refer to investing as the advance of savings because primarily people were usually advised to save money, but now the advice has advanced into a call to invest money. Not like saving is bad, but those who are still stuck with that mindset of saving more money than they invest may usually not achieve that financial freedom that they wish to get because financial freedom comes from investments and not from savings.
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Saving and investing are both important in life. Saving means keeping money for the future, and it helps when you plan. On the other hand, investing can grow your money, but it comes with risks. You might earn more, but you can also lose. Both are important for a good financial plan. But before you invest, it’s smart to learn and understand how it works, so you can make better choices.
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Saving and investing are both important in life. Saving means keeping money for the future, and it helps when you plan. On the other hand, investing can grow your money, but it comes with risks. You might earn more, but you can also lose. Both are important for a good financial plan. But before you invest, it’s smart to learn and understand how it works, so you can make better choices.
For you to be able to have savings and later use your savings to invest, so that from your investment, you can get funds to be saving, you must have be good in financial management. Because that is what will enable to plan and use money wisely for the right needs and put less attention on your wants.
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Just keep it simple, invest when you have enough savings already. There is a term called 'emergency fund' which means you set a budget for a certain amount of time (common is 6 months). That fund will help sustain you and your lifestyle even if you suddenly stopped earning money.
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Investing and savings is of two categories,they are both importants to humanity,savings means to store for future times to come,savings takes place when planning is ahead off,while investment comes with risk, but also the potential for higher returns,the both are very important factors for a healthy financial plan,but when going to investment you have to educate yourself before taking any positive decisions.
Investing is always preferable to saving. Investment, as you mentioned, can yield returns, but saving does not yield returns unless it is fixed savings, and banks benefit the most from your fixed savings because the money is invested and they make money from it while paying out peanuts in interest, whereas they have made a huge profit from the savings.
I understand that people consider risk before making an investment, but they also fail to recognize that even saving involves risk. Savings can also be lost in the event of death or an emergency situation in which it becomes difficult to access previously saved funds because they have not reached the maturity date, and the person may be denied his savings.
Thus, there is risk everywhere, so it is preferable to take a higher risk and earn returns than to take a lower risk and receive almost nothing in return.
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Just keep it simple, invest when you have enough savings already. There is a term called 'emergency fund' which means you set a budget for a certain amount of time (common is 6 months). That fund will help sustain you and your lifestyle even if you suddenly stopped earning money.
Yeah exactly and this "emergency fund" thing is the most difficult one to do especially for people like us who have no stable source of income. I know this is one of the most important savings we need to have but unfortunately only few can achieve it. For me personally this is my priority and I am working on it little by little.
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The portion of income that people keep for future consumption instead of spending it for present consumption means that they want to live with that money in the future. But investing is a bit different because investing anywhere has less risk and everyone does it to increase their money. The money saved can usually be used as needed and has less risk of losing value. Also you will not get much profit from your savings but if you invest then there will be a lot of profit potential. Investment has a big target that you want to get big funds.
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Investing and savings is of two categories,they are both importants to humanity,savings means to store for future times to come,savings takes place when planning is ahead off,while investment comes with risk, but also the potential for higher returns,the both are very important factors for a healthy financial plan,but when going to investment you have to educate yourself before taking any positive decisions.
Both investing and savings are important to a person as they both may sometimes work hand in hand. Yes, we always hear about the importance of emergency and other back up funds to an investor and his investment portfolio, the emergency funds can actually be in form or savings, because not everyone can afford to put or keep a large amount of fund for emergency, so most investors, especially the smaller investors tend to save their emergency funds gradually while they also proceed with their investment.
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Investing and savings is of two categories,they are both importants to humanity,savings means to store for future times to come,savings takes place when planning is ahead off,while investment comes with risk, but also the potential for higher returns,the both are very important factors for a healthy financial plan,but when going to investment you have to educate yourself before taking any positive decisions.
Both saving and investment are for the future. Saving for urgent needs, it can be used instantly. Meanwhile investment, it is intended to gain the values. Well, saving may have no risk, it is only declining a bit of its values. Meanwhile investment surely has a risk, but it possible to raise its value significantly as well. So, the risk is commensurate with the potential profits. Anyway, to deal with this, we must have proper knowledge for sure.
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Both investing and savings are important to a person as they both may sometimes work hand in hand. Yes, we always hear about the importance of emergency and other back up funds to an investor and his investment portfolio, the emergency funds can actually be in form or savings, because not everyone can afford to put or keep a large amount of fund for emergency, so most investors, especially the smaller investors tend to save their emergency funds gradually while they also proceed with their investment.
In my terminology I call it "Ready Fund" and it is very necessary because if there is an important and urgent incident we can easily take it without having to whine here and there asking for help from others.
If the financial condition of the person we are asking for help is good and strong if the condition is the same as the same condition in need of course reluctant to ask for it. Yes. I agree with your statement above.
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Of course that the investments are not the same as savings.
But then again any decent investment can grant you at least 5% returns per year, which does not sounds so much, but if you are in such investment for the long run it can pay off very nice
So true. Investment brings much returns in the long run compared to when it is done for the short term. People thoughts of investing for the long term because of the benefits they stand to gain. Well, every human is supposed to save and invest. Save for the rainy days, and invest for both the dry and rainy seasons for the betterment of their future
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Of course that the investments are not the same as savings.
But then again any decent investment can grant you at least 5% returns per year, which does not sounds so much, but if you are in such investment for the long run it can pay off very nice
So true. Investment brings much returns in the long run compared to when it is done for the short term. People thoughts of investing for the long term because of the benefits they stand to gain. Well, every human is supposed to save and invest. Save for the rainy days, and invest for both the dry and rainy seasons for the betterment of their future
Many doesn't care about savings, either they are too skilled to lose their job or money making opportunity or just too dumb to realise the uncertainty of future.
Money is important in our life but often people get fooled by the quotes like you can't buy everything with money.
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Many doesn't care about savings, either they are too skilled to lose their job or money making opportunity or just too dumb to realise the uncertainty of future.
no one is really skilled enough to be completely secure of not losing their job because you never know what circumstances you can end up with it may not be your fault but the company could be bankrupt or the industry could crash so not everything is just down on your performance
Money is important in our life but often people get fooled by the quotes like you can't buy everything with money.
it is true anyway but life would still be much easier if you did indeed have money in the first place you can worry about happiness and intangible things later on after you have enough money to survive
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Just keep it simple, invest when you have enough savings already. There is a term called 'emergency fund' which means you set a budget for a certain amount of time (common is 6 months). That fund will help sustain you and your lifestyle even if you suddenly stopped earning money.
I like the idea of having emergency funds and I agree that this is a must for each and everyone but maybe I am not alone on the part that I don't personally practice saving for this due to the fact that my earning isn't enough for that right now. Since I don't have a stable job that would be very tough and hard for me to save. Hopefully if I earn extra money I will definitely save for that purpose.
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Many doesn't care about savings, either they are too skilled to lose their job or money making opportunity or just too dumb to realise the uncertainty of future.
no one is really skilled enough to be completely secure of not losing their job because you never know what circumstances you can end up with it may not be your fault but the company could be bankrupt or the industry could crash so not everything is just down on your performance
Money is important in our life but often people get fooled by the quotes like you can't buy everything with money.
it is true anyway but life would still be much easier if you did indeed have money in the first place you can worry about happiness and intangible things later on after you have enough money to survive
I met quite number of people who is just perfect with what their job so even if a company bankruptcy there will be soon an offer from multiple companies even for better salary but they might be like 5% only. So as an average joe we need to make sure of every possible way to secure our future which means make more money as much as possible before something goes wrong.
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Many doesn't care about savings, either they are too skilled to lose their job or money making opportunity or just too dumb to realise the uncertainty of future. Money is important in our life but often people get fooled by the quotes like you can't buy everything with money.
I think most people care with savings. If the people have no savings, they may have no enough money for savings. We know that in most countries, we are getting more difficult to get proper jobs. And many people stopped from their regular jobs because they companies are closed. Well, I think people quite understand with the quote. Only people who live in the small village who don't push hard to get money because they have many basic necessities that they can take directly from natures.
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Because with savings, we have peace of mind. Don't believe the rich of what they tell you about being cash broke, they have the cash reserve for in case of emergency they are in need of money, they can spend it however they want. Trust me, whatever they want to buy, they can do it although they are telling that they have stocks to be offered to the bank so that they can have cash and loan, that's just another thing for them. They still have a lot of cash that are ready to be spent for anything they want. As much as possible, I am also starting to grow my savings aside from my crypto holdings.
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Many doesn't care about savings, either they are too skilled to lose their job or money making opportunity or just too dumb to realise the uncertainty of future. Money is important in our life but often people get fooled by the quotes like you can't buy everything with money.
I think most people care with savings. If the people have no savings, they may have no enough money for savings. We know that in most countries, we are getting more difficult to get proper jobs. And many people stopped from their regular jobs because they companies are closed. Well, I think people quite understand with the quote. Only people who live in the small village who don't push hard to get money because they have many basic necessities that they can take directly from natures.
They realise the importance only after ended up in bad situation not prior to that. If they were really thought about saving then they wouldn't be spending money on buying iphone every year even though the thing is almost same with little aesthetic changes. Or taking loans to buy things that are not really important but didn't buy gold or anything that appreciate value over the time.
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They realise the importance only after ended up in bad situation not prior to that. If they were really thought about saving then they wouldn't be spending money on buying iphone every year even though the thing is almost same with little aesthetic changes. Or taking loans to buy things that are not really important but didn't buy gold or anything that appreciate value over the time.
I don't deny that there are people who have the attitude as you explained. But not everyone will have the same attitude, there are also people who care with savings but they have no capability to do it. The people in the villages, they are aware of savings, but they have no money to put on the banks as savings. But they are smart enough, they grow certain plants for their savings or investment in the future. Most of my neighbors in the village do things like that. I assume the people who live in the city who prefer buying Iphone.
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Investing and savings is of two categories,they are both importants to humanity,savings means to store for future times to come,savings takes place when planning is ahead off,while investment comes with risk, but also the potential for higher returns,the both are very important factors for a healthy financial plan,but when going to investment you have to educate yourself before taking any positive decisions.
The two goes hand in hand. We invest inorder to get money to save and we save in other to make more investment. As a individual the two habit of saving and investment shouldn't be neglected, as they are both pivotal, neglecting this two or either of them can cause a future disaster or turn one into a beggar on the street. So if you are a salary earner or a business mogul, always ensure to adopt this habit at least in a month have a percentage of your salary that goes into your savings and also into your investment account if you don't have one yet.
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Investing and savings is of two categories,they are both importants to humanity,savings means to store for future times to come,savings takes place when planning is ahead off,while investment comes with risk, but also the potential for higher returns,the both are very important factors for a healthy financial plan,but when going to investment you have to educate yourself before taking any positive decisions.
The two goes hand in hand. We invest inorder to get money to save and we save in other to make more investment. As a individual the two habit of saving and investment shouldn't be neglected, as they are both pivotal, neglecting this two or either of them can cause a future disaster or turn one into a beggar on the street. So if you are a salary earner or a business mogul, always ensure to adopt this habit at least in a month have a percentage of your salary that goes into your savings and also into your investment account if you don't have one yet.
The two works together hand in hand but if an to choose between the two I will choose investment because investment is quite different from savings because in saving your money you don't expect anything in return but when you invest your money you are sure of something at the end of the day, so peoples should prioritize investing rather than savings because investing has a hole lot of advantages than saving even though the two works together
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The two works together hand in hand but if an to choose between the two I will choose investment because investment is quite different from savings because in saving your money you don't expect anything in return but when you invest your money you are sure of something at the end of the day, so peoples should prioritize investing rather than savings because investing has a hole lot of advantages than saving even though the two works together
@Agbe, it actually depends on what you want, saving and investing are two different things that are very important and serves different almost the same purpose but one of them can be relative to the other and it's savings that is relative to investment. The reason I said so is because, if you want to invest on an asset and you don't have the exact amount to buy that asset, what would you do to get the amount you want to use to buy the asset? What you do is to engage in saving some money every day, week or month, depending on when you always get your paycheck. So, the conclusion is that people save money so that they can use it to achieve a goal but no body is investing because they want to save money, people invest because they want to make more money through the ROI they get. Some times, savings doesn't generate much interest as much as investing does.
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The two works together hand in hand but if an to choose between the two I will choose investment because investment is quite different from savings because in saving your money you don't expect anything in return but when you invest your money you are sure of something at the end of the day, so peoples should prioritize investing rather than savings because investing has a hole lot of advantages than saving even though the two works together
@Agbe, it actually depends on what you want, saving and investing are two different things that are very important and serves different almost the same purpose but one of them can be relative to the other and it's savings that is relative to investment. The reason I said so is because, if you want to invest on an asset and you don't have the exact amount to buy that asset, what would you do to get the amount you want to use to buy the asset? What you do is to engage in saving some money every day, week or month, depending on when you always get your paycheck. So, the conclusion is that people save money so that they can use it to achieve a goal but no body is investing because they want to save money, people invest because they want to make more money through the ROI they get. Some times, savings doesn't generate much interest as much as investing does.
Every time we begin to strategize and possibly work on changing our financial status we tend to realise that in most cases; we cannot meet all targets immediately. There are voids, there are voids which are covered up by consistencies and from where habits evolve for the proper implementation of the overall concept. When it something that is directed,even the insignificant establishments become a good process.In this case,let’s find out where to and proceed regardless of the barriers laid in place of the small establishments. The fact that something is done quickly or slowly should not be a primary concern, the main focus is the ability to link the actions taken. Again, as soon as you make your choice, follow it, use the tangible things which may seem quite ordinary today, and, perhaps, in the course of time they will turn into the base of something important later.
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Investing is risky, but the reward can be high.
Yeah but that is really what it is since investment needs trial and error if you fail for the first time then expect to fail more if you have little to no knowledge about something you are interested into. That is why before investing it is a must to acquire ideas, patience, resourcefulness and courage to take the risks you might encounter along the path.
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Investing is risky, but the reward can be high.
Except someone does not want a multiplication of there money will they choose to only save their money instead of investing it, we no investing is very risky but there is no how we can do it to bypass it, so to become rich or wealthy you must be a risk taker if not all your money will just go for saving since you do not have to risk it there, it will just be there waiting for consumption but such people will not easily experience serious growth because is a stagnated kind of live, as for me I don't hesitate to risk if is a realistic opportunity especially the one as Bitcoin.
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Investing is risky, but the reward can be high.
All investments have the risks. There is no investment free of risks, but crypto investment may have a higher level of risks. That's why we must be more careful in crypto investment. If we want to have investment with lower risk, we can choose physical assets such as Gold, Lands, properties, etc.
Anyway, savings has almost no risks. If you can't deal with the risks, you can choose savings only. But sure, there will be no chance of profits. :D
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They realise the importance only after ended up in bad situation not prior to that. If they were really thought about saving then they wouldn't be spending money on buying iphone every year even though the thing is almost same with little aesthetic changes. Or taking loans to buy things that are not really important but didn't buy gold or anything that appreciate value over the time.
You are absolutely right. We are in tough situation currently. the economic is bad and we need to be realistic. Buying on necessary things like iPhone is not appropriate because come to think of it, the price of things increases within a short notice. But it's obvious that some people are yet to learn their lesson, despite the challenges they are facing, they still choose to live a fake life. Buying iphone to make them superior and look rich. Instead of them to invest in something that will held them a positive result and beneficial to them in future, they only lavish their income and don't even think about the future. Some people are unbelievable.
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They realise the importance only after ended up in bad situation not prior to that. If they were really thought about saving then they wouldn't be spending money on buying iphone every year even though the thing is almost same with little aesthetic changes. Or taking loans to buy things that are not really important but didn't buy gold or anything that appreciate value over the time.
You are absolutely right. We are in tough situation currently. the economic is bad and we need to be realistic. Buying on necessary things like iPhone is not appropriate because come to think of it, the price of things increases within a short notice. But it's obvious that some people are yet to learn their lesson, despite the challenges they are facing, they still choose to live a fake life. Buying iphone to make them superior and look rich. Instead of them to invest in something that will held them a positive result and beneficial to them in future, they only lavish their income and don't even think about the future. Some people are unbelievable.
Yeah, true. Some people only think about saving when it's too late. They keep buying new iPhones or things they don’t need just to show off. Instead of using their money wisely, they waste it. Life is hard now, but they still don’t learn.
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what i like to think about is that any of my investment is not money for me to spend that should be completely different from the money you are allowed to spend for daily transactions or something else i do not allow myself to touch or even look at the money i have in investment assets while savings can be spent but only for emergency purposes only i will go spend my savings first before the investments if i really had to
You are right but it depends on individual on how they view the two concept of both saving money and investment money, because these two serves in different purposes and they are good for an individual to adhere to, for it helps people in both to stand free from bankrupt and also it terms of emergency just as you said which will require money.
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Some people only think about saving when it's too late. They keep buying new iPhones or things they don’t need just to show off. Instead of using their money wisely, they waste it. Life is hard now, but they still don’t learn.
I'm sure only few people who do this way. Most people probably think about savings and they gradually collect money for investment. We are in the era of digital where we easily get a lot of information. It is too bad that there are some people who never understands the importance of saving and investment. Sure, life is getting more difficult, no one should waste their money in an unnecessary thing. Buying iPhones isn't an urgent matter, it is better to focus on collecting money for saving and investment.