#MoneyMondaysJa - Saving vs. Investing

Do you remember a time when J$20 used to be a paper note? The Jamaican $20 bill was officially changed to a coin in 2000, symbolizing its decrease in value, as coins tend to be worth less than notes in a country’s currency. What if you have saved that $20 note under a mattress in 1995? At the time, it would’ve been worth about US$0.56. Today, it would only be worth US$0.13, and that’s not counting the loss in value due to inflation. What would it be worth if you had invested that $20 instead?

Let’s look at investing vs. saving.

LET’S GET THIS MONEY!
#letsgetthismoney

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[linneamiller]

venturing into the trading world without a professional trader and expecting profits is like turning water into wine..lol, you would need a miracle, that why i trade with Mrs silver Alex, her skill is exceptional.

[learngrowinvest]

The way to consistently beat inflation is Investing. Having an Emergency Fund is important for everyone as well.

[keysey]

first person I ever heard explain Inflation so clear.

[yannickprince]

It would you good if you could speak to a few of those mutual funds that give 10% return on average

[AmshaMorgan]

Sigh... See now I'm prone to depression but want to make some investments. The risk factor though sigh. Last year I put some money into forex and lost it all. If that little loss sent me into depression I don't know what a big loss would do to me.

[johnl]

Education is the key! One love from NYC.

[fukkatsu]

I'm holding my crypto for the next 10 years, not watching current affairs