Don't leave your hard earned money with the mentality of saving in bank.
hive-167922·@davchi2·
0.000 HBDDon't leave your hard earned money with the mentality of saving in bank.
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Savings has become a major stake vis-a-vis growing a credible future financial returns but this concept has been misunderstood and wrongly interpreted with an indication that saving money simply means keeping your money in banks no!
The concept of savings simply means safeguarding your valuables or possibly your money and not keeping your money in banks alone because even your bank can go bankrupt.
It is a wrong connotation when we limit our mentality of saving to just keeping money in bank wares.
Savings means a whole lot. In the Economics discipline, the classical economists quantified savings to investment meaning that what you save is equal to what you invest and this is absolute except you borrowed to invest.
Nevertheless, savings could mean investing your money or liquids to hold tangible goods like landed properties real estates and currently we are all talking about crypto currency so one can save his money in cryptocurrency etc.
The generic idea or cogitation about savings isn't keeping your money in banks it simply means investing your money against uncertainties like inflation, against losing it to rubbers by investing into tangible properties like real estate because I've never heard that rubbers ever stole someone's landed properties or houses to an unknown destination.
From the credible indication we can attest through the hive ecosystem what savings should be. The vibe and drive of savings should come with a luring and attractive incentive that has the credibility of wooing investors to save but this is not the case in the different centralized exchanges,
All being said, always have it in mind that if what you saved isn't what you invested, that means you've not saved and if your savings could not yield a credible return, that means your savings isn't worth it.
Nonetheless, my emphasis isn't about expounding on savings but rather a shift in the paradigm on how people conceptualize savings. Thanks for going through my publication for today bye.
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