Quote from: Issa56 on February 26, 2024, 06:59:04 PM

Quote from: aycogito on February 25, 2024, 06:24:28 AM

I guess investing money for future is a must, at the same time, it should not be done at the cost of totally ruining the present life, it should be a balance, life is so unpredictable so like we need to save for emergencies as well, a planning for old age when we can have good amount of money we can spend on health and other necessities, and we should also spend during the present times to fulfill our needs and wants now as well but surely in a limit. Cheesy

Investing is much more better than saving, saving is also good but if you want a continue thing starting from how you want your financial situation to look like in the future. Having the mindset to invest is something that can save you over time, and saving can only be of help in a very short period of time. The future and the present are not predictable, and that is what makes investment more important than saving, when you have any form of emergencies your investment will have backup so, as for me is a go go for investment than to save. And if the is need for health issues then your investment will have a separate emergency funds for the investment and the investor.

It is true that investing is better than saving, but investing has a risk of loss, so I hope that before investing we must be able to pay attention to what aspects must be prepared so that unwanted losses do not occur. but what is clear is that saving or investing is an important thing that everyone should do. On the other hand, everyone does not have stable finances, so there are people who have a mediocre income, the income they earn is only enough to meet their daily needs so they cannot save, let alone invest, but in my opinion it is still possible to save even if the income you earn is limited depending on our personal money management too.

but in my opinion investing must be done carefully, don't let the investment be done without preparing other things such as savings or emergency funds, because when an investment is made and one day something happens that requires money to be able to handle it, don't let the investment be disrupted in other words Others were taken at the wrong time. So before investing, please have an emergency fund or savings first to find safety in the future. Whatever you do, everything must be considered, don't do it carelessly.