Savings reduces value, only investment keeps your money growing, a lesson from China savings withdrawal ban
hive-167922·@johnny023·
0.000 HBDSavings reduces value, only investment keeps your money growing, a lesson from China savings withdrawal ban
# HELLO HIVE We have all learnt our lessons of the negative side of savings. Such that it gets so bad that the government can instruct the banks to place bans on withdrawal of our savings... Most people believe that a money not meant to be spent right away can be kept safe from within our reach so that we don't get tempted to spend it. But the value of money in savings reduces drastically. That is a lesson I have learnt from Nigerians ecomony where everyone who has saved money in Nigeria only got lesser value for their money because Naira lost its value against the USD to the tune that a dollar is almost worth a thousand Nigeria.  <a href=' https://www.pexels.com/photo/person-putting-coin-in-a-piggy-bank-3943723/ '> source </a> Trying to buy things abroad means that all the tones of naira saved cannot buy you something tangible. As for the China ban on withdrawal, I can't even think of how to place this, maybe it is a taboo to now keep our money where we feel it can be safe Savings reduces value indeed, only investment can grow your money. The only savings that look more like am investment is the HBD savings with 20% interest. This is another form of Investment you cannot find easily and instead of just keeping some fiat you cannot use, why not convert and save in HBD for the huge return. # Thank you for viewing my blog Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@johnny023/savings-reduces-value-only-investment-keeps-your-money-growing-a-lesson-from-china-savings-withdrawal-ban)