Saving vs investment, which one are you practicing?

[sincerem]

Sure, savings and investment works together. Unless the money is borrowed or received the money in bulk before we can say, it is not gotten from savings. For those who aren't privileged to get it that way, it Will be better to utilize saving method in order to come up with the required amount of money to invest in a profitable venture.

 

[arunima25]

We are practicing both and I feel that it's the right thing to do. We need to have some saving bucket all the time with us. You never know when one might need them. Also, we need to save for some of our goals. But simple saving does not help us grow our money. We need to involve in investments to grow our money. And depending on our risk appetite and capabilities, we can chose an investment plan.

 

[sincerem]

We are practicing both and I feel that it's the right thing to do. We need to have some saving bucket all the time with us. You never know when one might need them. Also, we need to save for some of our goals. But simple saving does not help us grow our money. We need to involve in investments to grow our money. And depending on our risk appetite and capabilities, we can chose an investment plan.

Sure, we need to be involve around both in order to have some savings stored in the future and earning better income too, when the investment starts producing. Why we don't need to rely only on savings, is because, savings can't give us the kind of money that will make us become financial stable, but profitable investment can make us financially capable.

 

[PICKFORD]

In my own case,am addicted to investment though saving is also good incase of emergency or urgency, out of hundred percent of my money, I invest 80% of it in cryptocurrency knowing that I can get my money double in the future, for example I invested 30K in this particular coin called FEG, that was the last money I had in my account, within few days after i invested the money,the coin added liquidity in my wallet,i was overwhelmed with joy because i got my money back with excess profit,so i really like investment.

 

[sincerem]

In my own case,am addicted to investment though saving is also good incase of emergency or urgency, out of hundred percent of my money, I invest 80% of it in cryptocurrency knowing that I can get my money double in the future, for example I invested 30K in this particular coin called FEG, that was the last money I had in my account, within few days after i invested the money,the coin added liquidity in my wallet,i was overwhelmed with joy because i got my money back with excess profit,so i really like investment.

You really made good use of your money by investing it widely to FEG Cryptocurrency that got you excess reward base on your success story. I know savings is also good on its own, but it wouldn't be bringing you this kind of reasonable amount of money anytime soon, that's why we need to invest more wisely to earn better dividends.

 

[PICKFORD]

You really made good use of your money by investing it widely to FEG Cryptocurrency that got you excess reward base on your success story. I know savings is also good on its own, but it wouldn't be bringing you this kind of reasonable amount of money anytime soon, that's why we need to invest more wisely to earn better dividends.

You are right bro,savings can never fetch me that huge amount of money i made by investing in FEG,but when it comes to investment especially in cryptocurrency,we must invest what we can afford to lose,that 30k i investment in FEG,i considered the money as lost, but i thank God the market was in my favour.

 

[sincerem]

You are right bro,savings can never fetch me that huge amount of money i made by investing in FEG,but when it comes to investment especially in cryptocurrency,we must invest what we can afford to lose,that 30k i investment in FEG,i considered the money as lost, but i thank God the market was in my favour.

You spoke wisely dear. When it comes to Cryptocurrency investment we ought to spend what we can afford to lose, and not investing what we can't, at the end we toil over it like when we lost whopping amount of Money via ponzi scheme. Your mindset to invest without thinking about its future outcome made it possible for you to earn, cos you managed your risk tremendously.

 

[Ferozas]

You need to practice both, you need to save and invest

 

[funmi]

Well, as for me. I do savings more in order to use it to finance some of my projects that my salary can not finance. Also, I also do savings to invest in business. Most of my investment money was gotten from savings that I did for months. So, savings and investment is very important. They work hand in hand.

 

[btaliat]

You can't invest without saving. It is not possible. But we should just know that we cannot have much through saving. All people that are saving should have the mind of investing the money that they are saving or else they will always find themselves rounding a circle. You save and you eat spend but when you invest, the resources may be your turn around.

 

[sincerem]

Both savings and investment is pivotal in our career, it helps one who is determined either through savings or investment to achieve reasonable amount of money in the future. Not easy to save money nor finding the right investment to put our hard earned funds into, online or offline. But when we find the right investment option to invest our funds into, surely it pays off.

Cultivating saving culture isn't easy at all, majority of people finds it hard to save, why few who are disciplined and cautioned with money, comes up to save money long time. Most people are suffering heavy financial loss today, cos they failed to reserve emergency funds or invest elsewhere reasonably to resurrect their business when uncertainty marred it.

Between saving and investment which one are you practicing??

 

[Mika]

When I had a job, I was doing both. Every month I saved some money in my interesting bearing bank account and I also bought shares once in a while. After I lose my job I did no have a stable job and my earning was limited, therefore, I couldn't invest or save. these days my income has somewhat improved and I am investing.

 

[Bookwormlux]

I am doing the both truly and I must say that it has been really demanding trying to balance the equation to make sure I am not focusing more on one than the other.
I have limit how much I set for saving though because I realize that there is a need for me to take time and read to get more knowledge before continuing to invest properly.

 

[Sherman198]

It's imperative for us to invest and save at the same time. As you are investing and earning reward of your investment, you should be saving your gain.....If not, you will have nothing to embark on, during business crisis.

I think we should always have a separate account for saving the money we make from our business, for us to be accountable.

 

[Deleted member 28127]

You spoke wisely dear. When it comes to Cryptocurrency investment we ought to spend what we can afford to lose, and not investing what we can't, at the end we toil over it like when we lost whopping amount of Money via ponzi scheme. Your mindset to invest without thinking about its future outcome made it possible for you to earn, cos you managed your risk tremendously.

Buy cryptocurrency is a kind of saving money like for example if you deposit money at bank account like if you are selling some cryptocurrency, cryptocurrency investment is to invest cryptocurrency in some websites. This is difference about saving and investing in cryptocurrency. Like for example if you invest your crypto in forex or stocks trading this is investment and if you buy cryptocurrency to save in Coinbase this is saving money however price is decreasing and increasing more than casual currency.

 

[Chibson]

Both savings and investment is very important for anyone who wants to succeed in life. That is the reason why I always advise people to share their income in some equal proportion in the sense that they will invest some percentage on service and some percentage on investments because they are very important. If you invest all your money you may probably have made the wrong choice because the investment may go wrong. Investment is needed to grow so it is also very important.

 

[sincerem]

Both savings and investment is very important for anyone who wants to succeed in life. That is the reason why I always advise people to share their income in some equal proportion in the sense that they will invest some percentage on service and some percentage on investments because they are very important. If you invest all your money you may probably have made the wrong choice because the investment may go wrong. Investment is needed to grow so it is also very important.

Sure, you said wise things, we need both of them. No one should be left behind, rather serve as a makeshift in case emergency comes we can tackle it through savings when the investment is already locked. We shouldn't put our savings inside one block, we should diversify to help curb financial barrenness when the need comes urgently.

 

[Alexandoy]

I have a big amount of money in the bank that I intend for buying either land in the countryside or lot in the suburban town where I live. But my funds are just a little more than half of what I need so I am keeping it in the bank for more than 3 years now. Investing that money is out of my mind because keeping it in the bank gives me peace of mind.

 

[sincerem]

I have a big amount of money in the bank that I intend for buying either land in the countryside or lot in the suburban town where I live. But my funds are just a little more than half of what I need so I am keeping it in the bank for more than 3 years now. Investing that money is out of my mind because keeping it in the bank gives me peace of mind.

Laughs, you should better keep the money where it will give you peace of mind. As much as i love taking risks when it comes to business, i don't gamble with my savings. Cos those savings will enable me have access to demanding needs in the future and not the one that will halve unexpectedly when i invest it to crypto or elsewhere that is volatile online.

 

[Mika]

Investment does not always give a good return on investment. When your investment fails you will be in financial trouble unless you already have a saving. Here lies the importance of saving. You need to invest, but you also need to save. If both worked for you that's great but if you are doing both and if only one of them work, it is still good