I can hear some of us saying, "Well, my savings pay me interest as a return." The problem with savings is that the value of the fiat currency is falling faster than the interest it earns. With savings, you have very little control over your income or the return on your money. People who retire with fixed incomes, now and into the future, will probably see inflation go up, which means the value of their fiat or savings will erode. I would rather learn to control my income, returns on my money, instead of turning it over to a banker. I do keep some money in savings, but I am not counting on the fiat money to keep me alive. I therefore encourage people to learn to develop an investor's mentality rather than a saver's mentality. You'll sleep better when you're older if you do this.
The main reason why people must shapeshift to cryptocurrency. And the main reason why I will keep on promoting steem/steemit in my country Ghana is because crypto has a lot of advantages compared to paper money. Even on health basis, paper money tends to spread germs. Its time people keep paying attention to cryptocurrency especially in Africa.
Invest some time converting that formal education into experience. In theory, learning to have control over money flowing from income, assets and liabilities sounds easy, but in reality, it is not. Converting educational theory to real-life experience is essential for personal growth.
Thank you for reading this post. Anyway why not get involved now with the steem promotion. Steem will take over the entire globe.
@richforever from Accra, Ghana-Africa.
Informative 👍 thankx for sharing ❤
welcome. im glad you came here
Steem is taking over with the fastest transaction, no transaction charges ..what can be better than Steem??? Do you remember this track "we taking over"?Let's Steem till till... Steemit is the next big thing. @richforever steemon bro.. #teamghana we are growing bigger and better. Keep the 🔥 burning.
thank you man. steem will takeover like a flash of light. you are lucky to be an early adopter
Nice financial advise
thank you @fidelisadu. i saw your profile man. welcome to the Ghanaian team and the steem community
Extremely insightful. Let your money work for you. Thanks!
well said man cheers
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by richforever from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
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Thank you @richforever for making a transfer to me for an upvote of 0.64% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
glad to have you here. thank you
Its true, i see crypto especially steemit as an asset so im investing through writting.
Thanks for the insights
Welcome sir
Very educative
Thank you
Great work done bro !
I agree. Crypto all the way!
Welcome to my pag dear
Selamat datang
Salam kenal
Awesome advice.
steem all the way @richforever
Great Financial motivation bro
Thank you