You are viewing a single comment's thread from:RE: LeoThread 2023-08-04 15:41View the full contextView the direct parentsammyhive (68)in LeoFinance • last year Saving money is effective because the resources wasted can make one rich. #talkingpoint #finance
Compared to investing money, which do you think is the best?
What about incases of emergency like occurance of natural disasters where money is important for survival, don't you think your savings will help?
Yes, it will. I think the only reason to keep some fiat is becaause of natural disasters or things like that,
Savings can be only in fiat! A good businessman keep his assets and fund running his business for him.
Gainsin saving plan, there is an arrangement for feedings, needs and emeemergememergency
i can't even imagine making money without proper investment in other to have a reason y you make money you should have things that gives you back that money. It will show you rae growing
That is true. That is why I prefer investment to savings. So that I can always have roi
Remember that investment is not possible without savings
I think one can take a loan and invest in business right? I dont think that all investment money comes from savings.
taking loan is not making money. Its saving in advance
One invest out of savings.
Really? So you have to save first, then invest. Right? Do you save in fiat?
even in crypto, there is a provision for savings. You still have not understand what saving is all about
I have. I really appreciate the type of savings that makes more money. I think that looks like investment.
This is the kind of saving which will generate income to acquired assets.
Yes thats right. So it is not the same as savings. Savings should not generate income which is why I dont like it.
Can resources be wasted in savings please? #talkigpoint
no. Otherwise is the case.