Quote from: Iranus on Today at 03:05:30 AM

Saving is not only a cultural trait but also a must and important thing for the poor and low-income people. Because accidents and emergencies can happen at any time and spare no one, and what will they do if they don't have savings? So, whether salary is low or high, we should set aside a small amount to save.

Saving is creating good financial habits. If we don't have good habits when we are poor, don't think it will be easy to change those habits when we are rich. Because the richer people are, the more they tend to waste.

Rich people, businessmen, billionaires...all have savings in the bank, they don't invest all their money. They become rich because they have good financial planning, good habits, good thinking...not because they invest all their money and do not save.

Exactly, saving important part for the the poor and low income people how to manage well if any emergency accident happening to them, we know how financial difficulty facing by poor people without having much salary payment or having many assets. If any emergency accident will use saving fund for backing up how much have to spent out, difference position with rich person not really care about saving fund and fully allocated for investing if any emergency accident always have back up fund.

Talking about how much important between saving or investing depend each personal person asking, if ask for middle class and poor people actually most important side is saving than investing. Have difference way when asking at the rich person most of them appointed how important about investing with potential increasing large assets in the future because they have good financial.