Please dont get things wrong of course its good to have kept money for emergency, unplanned happenings, as capital to get into a business or investment into something meaningful other than that saving is unproductive.
Take for example, if you make $200 a week an you save $50 every week in a month you would make $200, although that sounds good but if you invest same $50 a week at an interest rate of even 0.05 you would have 2.5 as interest And that keeps compounding. This is why even a bad investor is better of than a saver. However there are some main reasons you shouldnt keep savings as a source of income for your future.
*Inflation
Go to the market today and look at what $50 could get you 5years ago and ask of the price now you would be shocked, you would notice that inflation percentage keeps increasing year by year. The power of that money you save keeps reducing till it can get you little or nothing quality. On the other hand investing that same money has the possibilty of compounding and bringing in returns.
*For Wealth
Wealth cannot in any way be acheived by simply keeping your money away. To acquire wealth you it must bring interest, returns upon its capital and the way to achieve that is to invest the money in cryptocurrency, real estate, stock, bonds - (these content will be explianed expository inthe next post). For stock dividend are paid upon the money you put into the business, for real estate you get the money as rent , lease and so on.
*For Quality of life
The quality money can give you now it cant get you in the next five years because, it loses its buying power. However investing can get you quality material things now and later and even if you dont consider material thing consuder health services, accomodation...
*For better future
Investing today would sure give you a better life tommorow at least the ine money can provide. It would take care of your education, family, friends. Good investment provides better oppurnity for your children education , health... However getting an investment thatbsuit youncould be difficult but you could also invest in you talent, financial education and business.
If you've learnt something, feel free to upvote and leave your comments also chect the next post for investment categories in detail and know what suits you better.
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Interesting post, thanks :)
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