Carpon
Valued Contributor
I think one of the best way savers can achieve good savings coupled with gaining from the savings is by purchasing a liquidity.
A liquidity in form of something that can be easily converted back to money when it is taken to the market for exchange. An example is land. Land is a very good liquidity because of some two reasons even though there may be more.
One is because once obtained,it does not depreciate and in places where they are abundant, land is cheap. Secondly is because land appreciates with time, meaning if you buy a land at a particular price today you must sell it at a price higher than you purchased it over a period of minimum one year.
Land does not need to be serviced but just kept it will be appreciating on a daily basis.
Another good thing about it is that it can be used to earn passively when it is hired to Farmers for farming and they in turn pay for the rent.
There are many other forms of liquidity that can be purchased and helps facilitate savings depending on the locality. For example you can hardly get a land for sale in an urban settlement and so the location is of utmost importance and plays a role in determining the type of liquidity you can purchase.
A liquidity in form of something that can be easily converted back to money when it is taken to the market for exchange. An example is land. Land is a very good liquidity because of some two reasons even though there may be more.
One is because once obtained,it does not depreciate and in places where they are abundant, land is cheap. Secondly is because land appreciates with time, meaning if you buy a land at a particular price today you must sell it at a price higher than you purchased it over a period of minimum one year.
Land does not need to be serviced but just kept it will be appreciating on a daily basis.
Another good thing about it is that it can be used to earn passively when it is hired to Farmers for farming and they in turn pay for the rent.
There are many other forms of liquidity that can be purchased and helps facilitate savings depending on the locality. For example you can hardly get a land for sale in an urban settlement and so the location is of utmost importance and plays a role in determining the type of liquidity you can purchase.
