RE: LeoThread 2023-08-04 15:41

[fokusnow]

Really? So you have to save first, then invest. Right? Do you save in fiat?

Comments

[sammyhive]

even in crypto, there is a provision for savings. You still have not understand what saving is all about

[fokusnow]

I have. I really appreciate the type of savings that makes more money. I think that looks like investment.

[sammyhive]

An investment is an asset or item acquired with the goal of generating income or appreciation.Source

[sammyhive]

This is the kind of saving which will generate income to acquired assets.

[fokusnow]

Yes thats right. So it is not the same as savings. Savings should not generate income which is why I dont like it.

[sammyhive]

What of savings that generate earnings passively. Like stakes, power up? Is it a kind of savings?

#talkingpoint #lpud #stake #leo