Save or invest?

in LeoFinance3 years ago
When we have money in our pockets we usually ask ourselves what we can do: save or invest?

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It is a normal question

It is normal to ask yourself this question, because having money, many times it is not entirely easy to define it. In any case, what you should be very clear in those situations is that you must be very sure of what you are going to do.

My opinion

In my opinion, saving is the best option if you don't know exactly what to invest in right now, but even more so, I think that saving is perhaps the best option if you know that your money or crypto is not going to devalue too much while you decide what you are going to do with it.

Once you are clear about what you are going to invest in, it is best to invest, but you should do it because you analyzed it on your own, not because no one recommend you doing it. Remember that only you, and only you are responsible for what you do or stop doing with your money.

Because when you win, everything is fine, everything is happiness, but on the other hand, when you lose (in the case of losing), you should not blame anyone for it, you cannot blame someone else for what you decided do with your money.

Investing brings great rewards

What I can tell you is that investing is one of the things that brings the best rewards in general; because being medium and long term, it allows people to amass huge fortunes. Sometimes this happens by simple luck in the markets, but generally, it happens because the people who invest know very well what they are doing, these people were concerned about investigating in depth the best assets or cryptos to invest and then they made their movements in the market .

If you don't believe me, look at the most famous cases of people who have become millionaires through investments. They have almost always been people who had an small capital, then they decided investing it in some asset that they evaluated previosly and (seeing that said asset had the possibility of appreciating), they invested in it and they forgot about that matter for many years.

So save or invest?

As we have seen, both things are not exclusive; the premise is to save and invest depending on our current particular situation. Even more so if we already have an investment in mind, but do not have enough capital to carry it out. So in such cases perhaps it is best to save, save and save, until we achieve the necessary capital to make the investment we want to make.

But more than anything, learn how to generate capital

The simple act of saving can be a bit slow, and it is also difficult to save when you need money (like everyone else) to live day to day. That is why you need to discover how to generate capital, how to increase your income, and how to reach the capital goal you require for your investment more quickly. You may need to take an additional part-time job; perhaps some minor investment will arise that allows you to achieve your goals faster.

The important thing is that you can earn honestly and effectively the capital necessary for your investments faster. Learning to generate capital is an art and we must all become experts in it, because it is the basis of all wealth; Let's keep this in mind!