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Re: How to save and invest wisely?
by
akram143
on 06/10/2019, 10:11:46 UTC
First of all, I want to know if I should save more or invest more. I only save up cash because I have little investment plans. What are the available investment and how can I save to earn profit?
Remember you saving amount should be around 10% of your invested amount because saving is not going to increase its value but investment will do.
saving is around what you can spent on things that is not necessary and investing is the most important
Saving should be more than what you need for certain things,atleast you must have saving amount to cover all the expenses of your next 6 month in case if you lost your job or something like that and investment should be made for very longer term to get more effectiveness.