Is it good to save money as hard cash or save money in the form of gold, bonds, treasury bills, etc. Which is the best option for saving money for financial security?
MikaExpert
Asked: September 10, 20232023-09-10T03:22:06+00:00
2023-09-10T03:22:06+00:00In: Saving Money
Saving hard cash or saving in assets?
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I believe in saving money through assets and not hard cash. This is what I learnt from reading the book, Rich Dad, Poor Dad. Robert Kiyosaki encourages the need to invest in assets like Treasury Bills, stocks and property. Assets make your money grow and that is how you build wealth. Though there isRead more
I believe in saving money through assets and not hard cash. This is what I learnt from reading the book, Rich Dad, Poor Dad. Robert Kiyosaki encourages the need to invest in assets like Treasury Bills, stocks and property.
Assets make your money grow and that is how you build wealth. Though there is high need to keep learning and researching so as to make the right choices on what to invest in. Financial literacy is very important in investment.
See lessI think it is obvious here and it is not even necessary to discuss it. In recent years, inflation has only been growing, and therefore it simply does not make sense to keep funds without investing them in something, because in a few years they will lose a lot of value. Of course, it is much better tRead more
I think it is obvious here and it is not even necessary to discuss it. In recent years, inflation has only been growing, and therefore it simply does not make sense to keep funds without investing them in something, because in a few years they will lose a lot of value. Of course, it is much better to learn the basics of investing and invest those funds in gold or bonds in order to be protected from inflation as much as possible.
See less