Contest : Saving & Investment in the Global Uncertainty

Greetings my dear friends of Steemit and Hindwhale Community

Truth

Warren Buffett reacts on the tariffs and the on the stress that they brought upon investors and he quotes Kipling's famous poem from the 19th century called if that in short says if you can keep your head when everyone around you loses theirs then all the earth is yours. In other words when the crypto market is going sideways and you are continuing to look forward and you know that the days to catch your rewards are coming then all the market is yours.

Inflation affects the money you save this is a bit sneaky if you have ₹10,000 in the bank earning very little interest and inflation is say 5% this year then that money's buying power shrinks by 5% you still have ₹10,000 on paper but what you can purchase with it is 5% less over a few years this can seriously erode the value of your savings if you're not getting enough interest to outpace inflation this is why people say cash isn't always king during inflationary times money just sitting in a savings account might be losing value. The same goes for long-term goals think about retirement or college funds, you're not investing those Savings in something that grows inflation can be like a moth silently nibbling at your clothes eventually leaving holes.

Wikipedia

Unlike stocks or REITs crypto doesn't pay dividends but there are ways to earn passive income the first is called staking this is when you lock up your crypto like Ethereum to help the system work and process transactions in return you get paid rewards kind of like earning points for helping out. The second is yield farming this is when you lend your crypto out to others and earn interest on it similar to how a bank pays you interest when you save money with them these methods can generate decent returns but they do come with higher risks if the coin's value drops or the platform you're using gets hacked your income could disappear along with your crypto.

Wikimedia

So whether you're diving into individual stocks, buying some REITs, exploring crypto, getting into gold or sticking with the steady reliability of index funds.

Each investment has its pros and cons some are better for growing your wealth quickly while others are designed to protect it over the long term.

The most important lesson is to start early even small amounts like the $1000 we've been working with can grow into something significant. Thanks to the power of compounding. Time is your best friend when it comes to investing.

Before I conclude I would like to invite three fellow Steemians to participate in the contest
@zulbahri
@eveetim
@georgitsachev

Thank you for reading my post.