In my opinion, keeping money in fiat currency is useless. Global economic crises depreciated my local currency around 40%. Such a massive dip in last 15 months. The situation demands to keep your money in investment instead of depositing in bank or under your mattress. Although interest rate of bank in my part of the world is around 21% which is pretty high, but it is still less than 40% depreciation. So your investment will be in loss by 19% even your earn 21% profit on investment.
Money in your hand will never grow your money. In order to grow money invest money in diversify projects according to your choice. You can invest in any business, property, e-com or even in crypto market. Investment of money in good project will help you to grow your portfolio. Same way your investment may open a new way of earning for you.
There was a time when people preferred to keep money in the form of precious metal like gold and silver. In modern days fiat currency replaced the metal position. However, in current scenario it is good to invest money again in precious metal like gold and silver. Atleast, It will help to make your money relatively more safe.
Although investment doesn't gurantee to give you profit all the time but still it is a good practice to keep investing money in some suitable project. Investment of money opens new earning opportunity. Time to enhance our knowledge and skill and find a suitable investment plan. It will help to grow our portfolio. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.