Believe it or not, in the 21st century, putting money in a pile doesn’t make it grow. This is still a mantra that most of us think is true, but it is far from reality. When you are "saving money", whether, at a bank or other low or no-interest instruments, you are earning almost no return per year.
You even can lose the value of your money when inflation eats into your purchasing power. But when you invest this money instead, for instance through mutual fund portfolios or startups managed by experienced entrepreneurs across industries and markets; you are on the way to training yourself in making smarter property decisions, and building financial wealth and investments when compared to any other strategy.
In other words: save for emergencies only and always invest what excess capital you have instead.
The advice columns are wrong
Savings are appreciated by some people, but people who want financial independence and high income appreciate the investment, especially since the 2008 financial crisis
Most people would agree that saving money is not a good way to make sure you can live happily in your retirement. The most shocking number in this story is that 89% of people do not have any kind of retirement plan at all. And so does it make any sense, then, for people to commonly believe that if you save modestly in a bank, for instance, you'll be able to accumulate wealth?
It's also surprising how often just about every advice column about emergencies focuses exclusively on how hard it is to save money. They always seem strangely unconcerned about investing your added paycheck and giving even small sums a chance at sizeable pay-off dividends down the line !!!
Today, saving money is seen as very limited, and investing is the sure way to make more money because stocks appreciate at a faster rate than interest on savings accounts.
Constantly seeking available opportunities to grow your assets will always be more impactful than building tangible reserves of liquid assets we hope will someday become treasures.
A residual income can only be someone else’s if he/she lives off their salary or allocation of fixed dividends from investments and never take any action to expand it.
Saving money is not a good retirement plan.
Source
Invest your money in sectors that can grow and be lucrative so that you grow your wealth with time. Investing won't hurt much if done responsibly...people who made some decent investment paid off BIG TIME!
Savings are often seen as the fallback plan and even retirement plan. But these two options might not be such a safe bet as they were once considered.
Savings don't work like they used to, in the modern interest rate environment, you are losing through depreciation and inflation each passing year it is in your account.
Most millennials know that investing can lead to much more prosperity than just earning without taking any risks or paying attention to their money. Just because of inflation, with the current trend in interest rates, the worth of the dollar is reducing
Some people still HAVE NO IDEA that investing is a much better way to secure one's future for retirement rather than just staying with the safe plan of saving your money.
A bank account or a check card is not exactly enough to guarantee your financial well-being in the long term.
If you want to be able to count on your security and wealth, then you would have to take control of how it is built.
These days, the ROI on investing is more than worth it, so why would people deliberately not choose a route that guarantees longevity?
HBD is a better saving/investment option
Investments are no longer that difficult to understand in this digitalized global economy where everything is captured electronically and information moves so fast that people need to learn how to invest wisely giving power back over interest rates back into the hands of people who used to be landlords or lowly serfs in the past
As of now, Hive offers a great way to earn better through a decentralized wealth creation process. You need to turn to HBD as a digital store of wealth that you can rely on even in times of distress.
Choosing HBD as a saving/investment option secures your future and also makes sure that your money is safe and sound. And that's because HBD is giving up to 20% interest with little risk, and it is far more predictable than other Stablecoin.