Why You Should Have Savings and Investments ?
Hello Hivers Family
Today i want to talk about Why You Should Have Savings and Investments? This is certainly something that is important for us to discuss considering that no one will guarantee what our future will be.
Savings and investments are important elements in preparing for our future, Not only as an asset but also as a savior for us in the future. Besides that, it is an emergency fund when we experience bad events such as illness, living expenses, meeting needs, guarantee your retirement and other unexpected costs.
Like my previous bad experience, namely being fired from the company i worked for, because of a reduction in employees due to the impact of Covid-19 so that i was unemployed for several months and even had difficulty meeting my daily needs. In fact, my salary at that time was only around $ 100-150 USD so it was minimal to save even more so having an investment.
This experience will never be forgotten and has become a lesson for me on how important it is to have savings and investments starting from now to save my future. i was lucky not to be unemployed for too long and got a new job and when i got my salary, i always set aside for savings and investing in crypto regularly every month around 30% of my salary.
I feel confident that even though crypto is very risky and has unstable fluctuations, by doing research before investing in it, so far i have invested in buying Bitcoin, Hive, BNB, POB, LEO and CUB. I am the Tight HODL type of person and several times i have monopolized my crypto assets by selling and buying other cryptos when i thought the price was good to buy.
In this milleneal era, the crypto world is increasingly familiar and recognized by many people throughout the country, this allows crypto to become an asset that must be owned, especially considering the rapid development of crypto and the high market demand for crypto.
Judging from the history of bitcoin where a young man who bought 2 pizzas with 10K bitcoin and when compared to now maybe 10K bitcoin can buy a factory that produces pizza, this shows how crypto has experienced rapid development over time and has value as currency, it's no wonder that many people currently own crypto assets.
I hope that investing and having savings can guarantee my retirement and save my future so that i can enjoy life, have my own business without worrying about finances because i have a growing investment and savings that can be used at any time in an emergency. How about you Hivers Fams? Have you invested and had savings to secure your future / retirement?
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Who am I?
I'm Romi and i'm Crypto Enthusiast, that interesting with Blockchain Ecosystem, i love to be content creator in blockchain social media, sharing my perspective and experience based on my knowledge and hobbies. I Hope that i can develop my knowledge day by day especialy about Cryptocurrencies and making new friends that i can called as my families :)
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I believe it's a wise decision to have a mix of both as it's help our finances going forward.
It also gives us a form of leverage as we don't know what we might encounter in the future hence savings and investments prepare the way for any unforeseen circumstance.
Recently started doing that. Trying to make it a culture/habit and so far so good, I'm beginning to see the benefits
Totaly agree with you sir, hopefully with doing investment and savings can help us to cover unforeseen circumstance
Crypto is good but best to have some assets that pay a regular dividend or cheque too like property or index ETFs. Then if retirement is far away, can use the dividends to buy more investments.
Yes i do, i also savings some asset to buys gold lit by lit and buys nore btc this time and i think this time is suitable for buys more crypto when dip market and tight hodl
I saw a post by coininstant that btc could go as low as 12k. That would be some dip and definitely a good time to load up for the long term.