Savings or Investing, which side are you on???

No shades to any one, but in think savings money these days, is not really a smart move because of so many reasons, that will fail to acknowledge in my country most especially, like I said earlier no shades, just stating facts. Everyday your money is in the bank and it keeps reducing for different service charge, the value of the currency depreciating, inflation price on everything appreciating.

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Because of the way most people where brought up, most people prefer to save than invest, most parents did not teach their children about money, sorry to say most of them don't have investment mindset, because they too were brought up with the savings mindset, that's why they mirrored what they were taught about finance. And that the big difference between the rich and the poor or middle class, the rich teach their children how to take health risk to multiply their money or income, bring them up with the investment mindset from a tender age, although not all of their children actually learn. Some are spoilt and are too lazy to learn.

But the middle class and the poor people teach their children how to save, get a job and keep saying for a rainy day, which is not all bad or good either, because savings these days, robber you of opportunities to make more money, most people always shy away once is time to talk about finance, they get so comfortable, I even have a friend once we start talking about finance, she starts to sweat and try her possible best to change the topic, saying that money talks makes her comfortable, honestly I really don't know why that happens to her but she's not alone, so many others people experience this.

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In this 21st century I think savings money is a crime to your own self, because there a lot of things, good things that you can invest your money on that on the long run can give you a 1000% of what you have invested on, you could go into buying of good assets not liability, assets that will increase in value over time not one that will depreciate over time, like buying property, shares in a good company and my love, investing in cryptocurrency, which gives you a chance to financial freedom and the icing on the cake is you can trade crypto with your phone or laptop, where ever and what ever time you choose.

Banks will pay you 10% interest for fixed deposit after one year, where as in one year, buying, holding and trading a good coin with pay you at least 200% or more in a year, can you imagine the difference, it's just too large, that why I rather invest than save.

Thank you for reading 🖐🏼😊

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