When you hear the word Save, what comes to your mind?
When you save, what is your motive behind ghe action?
For some, it is to flex around the city and showcase the little money they have made.
For others, it is to settle a bill for which the money has been saved for.
What do you understand by the word "Saving" and how can we save our earnings on Steemit.
Saving is one of the most important aspect of building a sustainable wealth. Saving money helps you from having challenges in the future, and gives you the chance to enjoy a stress-free lifestyle.
Reasons Why People Save Money
It helps reduce stress: Thinking about what the future can being often causes stress and anxiety. Saving for the future helps alleviate this fear of how to handle unforeseen circumstances, knowing that you have a backup to rely on.
It gives you freedom: We save for a lot of things. For some persons, they have the mentality of the saying, "Why save when we can spend it immediately". I once had a friend who lives by the slogan, YOLO (You Only Live Once). She will spend the last kobo in her hand buying something that is usually irrelevant instead of saving it. Such a mentality will keep you chained to worrying about money and how to solve your problems.
To get this financial freedom, you need to understand your WHY towards saving your money.
- I save to settle some dues.
- Sometimes, I save to invest.
- I save to give myself a good treat.
Saving our earnings is important on Steemit through powering up our Steem Power.
Give reasons why you think it is important for us to save our Steem earnings on Steemit.
It is important to save our Steemit earnings because
- It builds the steem ecosystem.
- It boosts our reputation
- It gives up voting power to support other Steemit creators.
How do you balance the excitement of earning STEEM on Steemit with the importance of saving for the future?
Steemit is a good platform that has made writing and making money online easier.
I feel excited whenever I get a huge vote on my work but I also remind myself that I am saving for the future and don't spend it.
Before power-up
after power-up
To show that a penny saved is a penny earned, do a power-up showing us a before and after wallet balance
Though, I've not been active for a while on Steemit, I have 600 Steem Power. After powering up 11 steem, I have 612. 78 in my account.
Conclusion
Saving is important, especially as a young person. To secure your future and not suffer when hardship hits. We should make it a major goal, bit just to save but to save and invest.
Saving will not multiply the money for us.
But investing what we have saved is a sure way to ensure that we never lack anything.
I invite @davidmarkgeorge @chukwu10 and @lirvic to also participate in this contest.
Saving for the future as a young person is a wise approach because it helps you build financial stability on time and in a long run.
Also, balancing the excitement of getting votes on steemit with long term financial goals which is saving is a nice strategy.
It's good to know that you appreciate steemit and find the platform rewarding.
Nice entry and best wishes in the contest.
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