It took me over 30 years of living to understand that saving my money on a bank account is not saving them at all. It’s investing them into failed enterprise known as fiat, which in form of inflation brings annual loss of around 5% at best.
I never bothered myself with investing because it takes extra time and effort until I realized that I had been already investing and investing badly, keeping all my money in a bank for over a decade. It’s hard to tell exactly how much I lost but it may even be half of my total savings as prices were taking a slow but significant rise through all these years.
Don’t make my mistake. Invest into anything that protects from inflation and diversify: never put everything into crypto or whatever it is.
$100 today may seem like the same $100 ten years later, but it never is.
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