Saving, Good As a Habit, Not For Future Investment
Anyone who has never heard the word save for future investments. From childhood to adulthood saving words always around us.
Any wise person would suggest that we have a habit of this one, save for a secure and profitable investment, set aside a small amount of money (usually) on a regular basis.
Save a little money is good. Especially if it is done for children, children’s education, up to keep watch of the things that are not unexpected. We were advised to have cash to finance living for half to one year.
But if you look deeper, the habit of saving could be something bad, at least when viewed from the perspective of your future investment. What is it? Purpose for which you deposit your savings goal … to “wear” is very different from your goal to save for “investment”.
Examples of purpose save to “wear” is that you are saving to buy a new TV, new cars, vacation packages, mobile phones with latest features and so on. Your money will just disappear.
The question now is, what if you save is not to “wear”? But for future investment risk as small as bank interest, deposits, checks and so forth?
It’s also not a strategy that smart investment in the future. Why do it? Because banks lend money that you wear a tube with a 19% interest to its creditors, and pay you less than 5%. After all, if you are a Muslim, you are forbidden to take interest from lending money.
And you should know, the currency system we use today are based on value, not based on gold. One effect is the value of our currency is determined by many least amount of money circulating in the community, and always tends to fall.