Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
Amph
on 21/05/2015, 07:21:22 UTC
Save money is a bad idea, it like you lent your money to rich people, and make them more richer. Find a right way to invest your money, you can earn more.

and you can also lose more, here we are speak about people that who can not afford to lose, hence the discussion

i still think you can do both, saving and investing at the same time, and treat your saving as a back-up investment, if your investment goes wrong you have still money for live

Savings always comes first. Think of it as the foundation upon which your financial house is built. The reason is simple - unless you inherit a large amount of money, it is your savings that will provide you with the capital to feed your investments.Savings is present and Investment is future. Both are necessary.

saving come first only because of possible emergency in the future, but if you are good enough with your money and your earnings are always superior to the outputs, you don't need to save that much, investing(here i'm talking only about low risk investment, like buying a small land for example) on the other hand, it may save you in the future while also growing your money at the same time