Quote from: OrangeII on March 26, 2024, 02:17:05 PM

The reality is that prioritizing saving or investing is not wrong. it's just a choice for each person, because everyone has different plans. It's just me, the thing that needs to be done is to keep doing both.
It's not wrong for people to prioritize saving. That may be because he feels that the investments he has made are sufficient, or perhaps a percentage of the income he earns goes towards saving rather than investing. But on the other hand, focusing on investing is also not wrong.
Personally, I tend to focus more on investing than saving because I am focused on creating financial freedom. Where the income I get from investments and business can be more than the expenses I make. This will certainly increase the amount of savings I have when my investment is successful. However, I still save, although not as much as I invest.

It's better to be able to do both regularly. now the reality is that everyone has different finances, well of course everyone wants their life to be self-sufficient, it's just that not everyone can be like this, there are people who save but don't invest or maybe vice versa, because in my opinion, investing is like that. This can be done when our finances are stable, with the income we earn that is more than enough for our needs which are always met, when our needs are met and there is still money remaining which might be said to be quite a lot then we save, because investing is also according to I think we have to have spare money or savings or an emergency fund.

because of course our life will not run smoothly, there will definitely be things that happen suddenly and require a certain amount of money to overcome them, now if we live our lives by having savings then when a sudden problem occurs maybe we can still overcome it because we have reserve funds or savings, well, if we only make investments and one day we experience a sudden event or problem and also need a budget to deal with it but don't have savings, maybe the action that will occur is to sell or withdraw the investment made because that is one way to do it. , even though you can get a loan, I'm sure getting a loan is not easy. So I think saving is important, even though it doesn't make you rich, you also need to pay attention to this apart from investing.