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Use your savings as a business.

Postby Yugocean » 22 Nov 2022, 07:20

You save so that you have funds available in case of an emergency, so when the emergency really arises, savings must be used. Also, keep in mind that savings is not unlimited; if it is not increased, it will run out and you will have to face problems, so use it for business.

For example, if your income has decreased so much that you cannot afford to buy food for your family, the best solution is to open a fast-food street cart with your savings. With this, your savings will continue to give you some income every day, and food will be arranged for your family.
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Re: Use your savings as a business.

Postby raaman » 22 Nov 2022, 12:18

This is a good idea anyone can easily try. The only thing is to allot time for it.
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Re: Use your savings as a business.

Postby nela13 » 22 Nov 2022, 12:31

Savings can be in fact used to bring us some income. We are saving to buy an apartment and then rent it, there is a big demand for houses to rent in my city, so this can be a good business.
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Re: Use your savings as a business.

Postby augusta » 22 Nov 2022, 23:45

Yeah savings can be used for business to increase it. And with it you would save on interest you would have paid from borrowing from others.
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Re: Use your savings as a business.

Postby Vehlijanta » 26 Nov 2022, 13:09

It's a good business and starting business with savings is the best that we can do with our savings
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Re: Use your savings as a business.

Postby augusta » 26 Nov 2022, 23:49

Yeah using a loan come at a higher risk whereby if the business fails you would still need to pay back the loan even with the high interest too
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Re: Use your savings as a business.

Postby Yugocean » 27 Nov 2022, 07:58

Savings will help on every startup, they cannot get loan unless they are able to pay, so saving will help them.
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Re: Use your savings as a business.

Postby Shavkat » 27 Nov 2022, 08:05

The idea is ideal if we do not need to rent a place to sell foods. It would be great if you own the place to sell things in public.
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