create account

Saving money is not enough for financial growth by zartisht

View this thread on: hive.blog |  peakd.com |  ecency.com
hive-167922 · @zartisht ·
$6.57
Saving money is not enough for financial growth
<div class = "text-justify">Money is undoubtedly one of the most important commodity of life. You can't buy anything if you don't have money in your wallet. Survival without money is next to impossible. That's why people like to save money for rainy days. 

<br>

![](https://images.ecency.com/DQmejMb8vCXMZJBXpqiKhLyL8wSvMLRQvarTpipYgJNcKqy/wallet_2292428_1280.jpg)
</br>
[source](https://pixabay.com/photos/wallet-coins-magnifying-glass-2292428/)


Saving money is indeed a good strategy but it is not the best strategy. Saving means you have money in your bank account or in your wallet. In olden days it was considered a good strategy as currency was in the form of gold. Fiat currency has tendency of depreciation. In last 1 year, our local currency observed massive dip of  40%. This simply mean people saving have reduced by 40% in just one year. This reveals that saving money is not enough for financial growth. In order to grow your money you must adopt new method. 

One of the most effective method is to invest your money in any business. Spending money on any business will not only help you to earn extra money but it will become your second source of income. You can invest according to your choice. If you are financial expert you will choose stock exchange or crypto market, if you love to invest in real estate you will select land etc. It's all depend upon you which way you select. Remember investment in any form may help to achieve your retirement goal. 

You can spend your money to learn new skill. Investment on improving skill is a good way of making yourself ready to earn more money. In this way people start their growth. 

Although crypto marke is one of the most volatile market of the world. So, investing money on crypto may earn huge profit at the cost of risk of loosing all your money. If you are they guy who don't want to take risk never invest your money in crypto market. 

There is another safe way of investing money in crypto world.  You can invest your money in stable coins. We are lucky to have Hive blockchain stable coin HBD  which is currently offering 20% APR on its investment. Stable coins are relatively safe. So, it is a good and easy way of generating passive income without loosing the worth of your asset. 

Remember, never invest all your money in one business. You must diversify your investment in order to grow. Beside this also remember that invest your money by doing your own research. What is your opinion my friends?

This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time. 
</div>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 198 others
properties (23)
authorzartisht
permlinksaving-money-is-not-enough
categoryhive-167922
json_metadata{"image":["https://images.ecency.com/DQmejMb8vCXMZJBXpqiKhLyL8wSvMLRQvarTpipYgJNcKqy/wallet_2292428_1280.jpg"],"tags":["hive-167922","gems","hive-engine","ctp","neoxian","ocd","posh","hive","vyb","mancave"],"description":"","app":"ecency/3.0.32-vision","format":"markdown+html","image_ratios":[1.5005861664712778]}
created2023-05-28 17:36:21
last_update2023-05-28 17:36:21
depth0
children8
last_payout2023-06-04 17:36:21
cashout_time1969-12-31 23:59:59
total_payout_value3.308 HBD
curator_payout_value3.262 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,606
author_reputation275,597,231,530,086
root_title"Saving money is not enough for financial growth"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id123,924,277
net_rshares14,315,553,044,135
author_curate_reward""
vote details (262)
@amberkashif ·
$0.08
I agree that saving alone is not the right option. In past 9 months, the currency of my country has faced dip of 100%. The commodities have gone so high in prices. 

Extra money should be utilized to generate more money. Either a business or investment. Previous metals can also be an option.

You have given the right advice that one should avoid investing alll the money in one project.
👍  
properties (23)
authoramberkashif
permlinkre-zartisht-2023529t181140885z
categoryhive-167922
json_metadata{"tags":["hive-167922","gems","hive-engine","ctp","neoxian","ocd","posh","hive","vyb","mancave"],"app":"ecency/3.0.39-mobile","format":"markdown+html"}
created2023-05-29 13:11:42
last_update2023-05-29 13:11:42
depth1
children0
last_payout2023-06-05 13:11:42
cashout_time1969-12-31 23:59:59
total_payout_value0.042 HBD
curator_payout_value0.042 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length388
author_reputation116,230,908,273,206
root_title"Saving money is not enough for financial growth"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id123,949,634
net_rshares184,437,635,224
author_curate_reward""
vote details (1)
@hivebuzz · 
Congratulations @zartisht! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

<table><tr><td><img src="https://images.hive.blog/60x60/http://hivebuzz.me/badges/postallweek.png"></td><td>You have been a buzzy bee and published a post every day of the week.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@zartisht) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Check out our last posts:**
<table><tr><td><a href="/hive-122221/@hivebuzz/pud-202306"><img src="https://images.hive.blog/64x128/https://i.imgur.com/805FIIt.jpg"></a></td><td><a href="/hive-122221/@hivebuzz/pud-202306">Hive Power Up Day - June 1st 2023</a></td></tr></table>
properties (22)
authorhivebuzz
permlinknotify-zartisht-20230529t005136
categoryhive-167922
json_metadata{"image":["http://hivebuzz.me/notify.t6.png"]}
created2023-05-29 00:51:36
last_update2023-05-29 00:51:36
depth1
children0
last_payout2023-06-05 00:51:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length880
author_reputation370,711,825,704,180
root_title"Saving money is not enough for financial growth"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id123,935,183
net_rshares0
@itwithsm ·
$0.08
I have used all my savings and I'm on the verge of getting collapsed.
👍  
properties (23)
authoritwithsm
permlinkre-zartisht-2023529t134452456z
categoryhive-167922
json_metadata{"tags":["hive-167922","gems","hive-engine","ctp","neoxian","ocd","posh","hive","vyb","mancave"],"app":"ecency/3.0.32-vision","format":"markdown+html"}
created2023-05-29 08:44:54
last_update2023-05-29 08:44:54
depth1
children0
last_payout2023-06-05 08:44:54
cashout_time1969-12-31 23:59:59
total_payout_value0.037 HBD
curator_payout_value0.038 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length70
author_reputation200,590,001,910,834
root_title"Saving money is not enough for financial growth"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id123,944,274
net_rshares167,087,136,504
author_curate_reward""
vote details (1)
@lee1938 ·
$0.05
https://twitter.com/lee19389/status/1663132709160464384
#hive #posh
👍  
properties (23)
authorlee1938
permlinkrvf1l9
categoryhive-167922
json_metadata{"tags":["hive","posh"],"app":"hiveblog/0.1"}
created2023-05-29 10:39:09
last_update2023-05-29 10:39:09
depth1
children0
last_payout2023-06-05 10:39:09
cashout_time1969-12-31 23:59:59
total_payout_value0.024 HBD
curator_payout_value0.024 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length67
author_reputation48,186,157,644,773
root_title"Saving money is not enough for financial growth"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id123,946,397
net_rshares106,853,369,410
author_curate_reward""
vote details (1)
@olympicdragon ·
$0.07
HBD savings is giving 20%. You could get a loan and put it into savings, then pay back the interest and still earn money !
👍  
properties (23)
authorolympicdragon
permlinkre-zartisht-2023529t24556931z
categoryhive-167922
json_metadata{"tags":["hive-167922","gems","hive-engine","ctp","neoxian","ocd","posh","hive","vyb","mancave"],"app":"ecency/3.0.39-mobile","format":"markdown+html"}
created2023-05-28 18:45:57
last_update2023-05-28 18:45:57
depth1
children0
last_payout2023-06-04 18:45:57
cashout_time1969-12-31 23:59:59
total_payout_value0.033 HBD
curator_payout_value0.033 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length122
author_reputation34,671,438,318,098
root_title"Saving money is not enough for financial growth"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id123,926,431
net_rshares145,849,250,725
author_curate_reward""
vote details (1)
@takhar ·
$0.08
Right. Investing is how to become wealthy and achieve financial freedom. Saving is only good for the short term to cover expenses or when a rainy day happens. My plan is to save at least 6 months of expenses in an emergency fund then invest everything else to generate good returns.
👍  
properties (23)
authortakhar
permlinkre-zartisht-2023528t18349638z
categoryhive-167922
json_metadata{"tags":["hive-167922","gems","hive-engine","ctp","neoxian","ocd","posh","hive","vyb","mancave"],"app":"ecency/3.0.32-vision","format":"markdown+html"}
created2023-05-28 18:03:54
last_update2023-05-28 18:03:54
depth1
children0
last_payout2023-06-04 18:03:54
cashout_time1969-12-31 23:59:59
total_payout_value0.038 HBD
curator_payout_value0.039 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length283
author_reputation103,797,323,995,363
root_title"Saving money is not enough for financial growth"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id123,925,233
net_rshares170,970,890,253
author_curate_reward""
vote details (1)
@tpkidkai ·
$0.08
> In last 1 year, our local currency observed massive dip of 40%. This simply mean people saving have reduced by 40% in just one year. This reveals that saving money is not enough for financial growth. In order to grow your money you must adopt new method. 

Ouch this is a huge drop! In our country we are experiencing high inflation rate currently 6% per annum. Kinda sucks saving in banks as it can only give 1% APR so we are losing money.  Financial instrument wise, we do have very little that can beat the inflation. Crypto is something to be used but not all can and have money to invest to such financial vehicle.
👍  
properties (23)
authortpkidkai
permlinkre-zartisht-rvdyuc
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2023.5.1"}
created2023-05-28 20:42:15
last_update2023-05-28 20:42:15
depth1
children0
last_payout2023-06-04 20:42:15
cashout_time1969-12-31 23:59:59
total_payout_value0.038 HBD
curator_payout_value0.038 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length622
author_reputation117,924,722,072,583
root_title"Saving money is not enough for financial growth"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id123,929,723
net_rshares168,182,436,452
author_curate_reward""
vote details (1)
@typebox ·
$0.08
Albeit saving money is an important starting point, achieving sustainable financial growth involves a holistic approach.

 Investing wisely, managing expenses, increasing income, reducing debt, and developing a long-term financial plan are all vital components to maximize my one's financial growth potential
👍  
properties (23)
authortypebox
permlinkrvewdw
categoryhive-167922
json_metadata{"app":"hiveblog/0.1"}
created2023-05-29 08:46:45
last_update2023-05-29 08:46:45
depth1
children0
last_payout2023-06-05 08:46:45
cashout_time1969-12-31 23:59:59
total_payout_value0.038 HBD
curator_payout_value0.038 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length308
author_reputation39,572,607,270,501
root_title"Saving money is not enough for financial growth"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id123,944,313
net_rshares169,904,482,200
author_curate_reward""
vote details (1)
Help/Feedback