Do you believe in savings or investment

[pusaka]

I would say both saving and investment is important and one should include both when making any financial strategies. Savings are kinda like a "safe zone that allows you to sleep in peace at night". It helps you in emergencies and ensuring security for future needs, including retirement. Remember, it is your savings that will help you when your life starts to take an unexpected turn. And yeah, investments is about a " regular growth". It gives you a better opportunity to save and grow your money, while also protecting you from inflation and losing the value of your money you have saved. You will have a source of money that will help you pay your bills, but it does come with risks. There might be months where you make nothing or suffer a huge loss. I would say it is best to have enough saved up to cover your emergencies and short-term needs, then one can start thinking about investing. And also invest money that you won't need immediately and can afford to risk for the potential of higher returns.

Well, we should not separate things that are actually good for us to do, both saving and investing are something that is good for us. We must be able to manage our finances very well, so that we can divide the money from our income into several parts, the first of which is to meet living needs and then to invest and save. I think we can set aside 20% to 30% of our income for saving and investing.
We can allocate another 20% or 30% to save, for example, 30% and 70% to invest, that amount depends on us. We do all this for our future, because both savings and investment are our way of preparing for something in the future.

[1714863436]

1714863436

[kingvirtus09]

I would say both saving and investment is important and one should include both when making any financial strategies. Savings are kinda like a "safe zone that allows you to sleep in peace at night". It helps you in emergencies and ensuring security for future needs, including retirement. Remember, it is your savings that will help you when your life starts to take an unexpected turn. And yeah, investments is about a " regular growth". It gives you a better opportunity to save and grow your money, while also protecting you from inflation and losing the value of your money you have saved. You will have a source of money that will help you pay your bills, but it does come with risks. There might be months where you make nothing or suffer a huge loss. I would say it is best to have enough saved up to cover your emergencies and short-term needs, then one can start thinking about investing. And also invest money that you won't need immediately and can afford to risk for the potential of higher returns.

Well, we should not separate things that are actually good for us to do, both saving and investing are something that is good for us. We must be able to manage our finances very well, so that we can divide the money from our income into several parts, the first of which is to meet living needs and then to invest and save. I think we can set aside 20% to 30% of our income for saving and investing.
We can allocate another 20% or 30% to save, for example, 30% and 70% to invest, that amount depends on us. We do all this for our future, because both savings and investment are our way of preparing for something in the future.

That's what I see with those two; maybe the 20% we earn in a month will be allocated to trading and investment. Maybe this set-up is better, right? The ratio is 10:10, and at least with the 10% that is in trading, we can grow that and add profit if the analysis we do is correct in every trading analysis we do.

This is a better way, in my opinion, so I will not separate this investment from trading because they can both give me a source of income in the end. Am I right?

[Zoomic]

Saving and investment both are needed. Saving doesn't make you money but investment can but saying so, you should never underestimate the importance of saving.
Even if you are extra cautious, investment won't always be on your side. All of our modern economic concept are based on increasing demand be it for iphone or cars or crypto and stocks but we are nearing a spot where there's no more population growth on developed nations. It means our investment are getting riskier than ever. And saving are at least not lost unless there's hyperinflation.

You've said it all. Even while investing,  we still need to have savings to meet up with emergency situations.  It is never adviceable to invest everything you have, what else do we fall back to in times of emergencies? Savings can also be necessary when we have a project at hand that needs to be completed, every little drop of money leads to a significant achievement. While we advise people to invest for the sake of the future, we should not neglect the power of savings because many investments wouldn't be viable without the power of savings. This two compliment  each other therefore,  none should be neglected as they are both important. Save for the rainy day and invest to get more returns.

[stomachgrowls]

Saving and investment both are needed. Saving doesn't make you money but investment can but saying so, you should never underestimate the importance of saving.
Even if you are extra cautious, investment won't always be on your side. All of our modern economic concept are based on increasing demand be it for iphone or cars or crypto and stocks but we are nearing a spot where there's no more population growth on developed nations. It means our investment are getting riskier than ever. And saving are at least not lost unless there's hyperinflation.

You've said it all. Even while investing,  we still need to have savings to meet up with emergency situations.  It is never adviceable to invest everything you have, what else do we fall back to in times of emergencies? Savings can also be necessary when we have a project at hand that needs to be completed, every little drop of money leads to a significant achievement. While we advise people to invest for the sake of the future, we should not neglect the power of savings because many investments wouldn't be viable without the power of savings. This two compliment  each other therefore,  none should be neglected as they are both important. Save for the rainy day and invest to get more returns.

It would really be that relevant if we do speak about emergency cases on which these funds would really be that relevant or something significant as always. It is really just that there are people
who dont really give out some priorities when it comes to savings or emergency funds. We do hate up fiat to be stored or would be sitting idle since it cant make out some income
but it would really be always useful for you to be able to save it up because there would really be specific situations or conditions on which you would really be able to need this.

You should really know on how to allocated or save up with this kind of purpose because not all would really be that sensible in towards their actions on which they would really be
having those kind of approach that it isnt really that something important or relevant.

[Juse14]

I never know what the future will be like, whether it will be better than the current life or even more difficult. Because currently we are faced with economic conditions that are full of uncertainty, which makes me quite pessimistic that tomorrow's economic conditions will be better than the previous day.
And to anticipate all the things we don't expect in the days to come. And even though the income I earn is limited, I always try to set aside a little of the income I earn to fulfill the savings and investments I make. Because this is an important thing that I have to do to answer future problems. because for me, both savings and investment are two important things that I must have. So as long as I still have health and the opportunity to continue earning money, I will try to earn as much money as possible in order to increase the amount of savings and investments I make. Because if I don't realize these two things (having savings and investment), then both now and in the future, I might still be in trouble.

[sulendra12]

For long have been around here seems like people who belongs to this world think much of investment than savings while the real world focuses more on savings but if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.

What do you think?

I do both of those and I think it's pretty beneficial for you. Sure the value that you are saving isn't gonna increase but sometimes you do need to use your savings for urgent and emergency things in your life and especially if you need it like instant then saving is pretty much your choice right there. But investments like forex, real estate and gold needs time to withdraw the value thus it has a use-case for that.

[Agbamoni]

I never know what the future will be like, whether it will be better than the current life or even more difficult. Because currently we are faced with economic conditions that are full of uncertainty, which makes me quite pessimistic that tomorrow's economic conditions will be better than the previous day.
And to anticipate all the things we don't expect in the days to come. And even though the income I earn is limited, I always try to set aside a little of the income I earn to fulfill the savings and investments I make. Because this is an important thing that I have to do to answer future problems. because for me, both savings and investment are two important things that I must have. So as long as I still have health and the opportunity to continue earning money, I will try to earn as much money as possible in order to increase the amount of savings and investments I make. Because if I don't realize these two things (having savings and investment), then both now and in the future, I might still be in trouble.

Sounds like someone who understands life to some extent. Life is unpredictable you never can know what will elevate you from the financial level we are now. Whether savings or investment. I treat both equally and see them as something that is necessary to every man and woman. If we see that investment will work for us, then we should go into investment. Still, it doesn't stop us from savings once i a while. The little savings we make today can save us in the future.

If we decide to do both i feel more of our earning should be put into investment. For instance, a person earn 100$ a month, in my opinion, it is wise that 30% should be put into investment then 20% should be put into savings then the remaining percentage can be used to cover the other monthly expenses. In this way we can grow and become successful.

[Davidvictorson]

For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?

I do not think that there is anyone that immediately invests money in a business. First, investment money can come mostly from savings. Savings is not bad. And not all investments are profitable. At some point, it is better to save than to invest. Invest wisely. Invest in what you understand.

No wonder teacher or lecturers are not wealthy due to their this mentality of thinking we hardly finds out a very wealth teacher across or locality.

You are not entirely correct. Do not just think that wealth equals money for everyone. Some teachers just want to impact student. Develop some new theory and do what they love to do. Wealth for them could  be in the non-financial, material things, like career progress etc.

What do you think?

I think we should all save for the rainy day and invest for the future to the best of our capability.

[batang_bitcoin]

I do both of those and I think it's pretty beneficial for you. Sure the value that you are saving isn't gonna increase but sometimes you do need to use your savings for urgent and emergency things in your life and especially if you need it like instant then saving is pretty much your choice right there.

Savings are still needed. You don't hold what happens tomorrow and that's the purpose of savings, you'll get something to get from that savings if unpredicted things happen and you need money for that.

But investments like forex, real estate and gold needs time to withdraw the value thus it has a use-case for that.

I don't consider forex as an investment but it's a hustle that's hard for most of the people. If you have no idea of what trading is, much better to remain as an investor with the two that you've mentioned jewelry/precious metals(gold) and real estate. Real estate are liquid but it takes time before you sell a property but while waiting for that, you can rent out the place and that's also a cash flow coming in to you while having the intention of selling it. That's what investment is.

[MainIbem]

Sure the value that you are saving isn't gonna increase but sometimes you do need to use your savings for urgent and emergency things in your life and especially if you need it like instant then saving is pretty much your choice right there.

emergency funds aren't meant for investment and there is difference between these two types of funds, for instance when you have your income coming you should have a saving percentage and investment percentage. You can split your income into 4 parts depending on the level of your income and emergency fund shouldn't be touched for any reason so that it will do it's job when the need arises but that of investment should always be channeled to investment instead of using it as emergency fund.

[Btcdeybodi]

I do not think that there is anyone that immediately invests money in a business. First, investment money can come mostly from savings. Savings is not bad. And not all investments are profitable. At some point, it is better to save than to invest.

Normally before one begins to make an investment, he must have gone through some savings processes because money for investment doesn't just appear in bulk to start making investments but gradually till an amount that you wish to own up an investment have been achieved so investment works along with savings.

[Dr.Osh]

For long have been around here seems like people who belongs to this world think much of investment than savings while the real world focuses more on savings but if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.

What do you think?

I do both of those and I think it's pretty beneficial for you. Sure the value that you are saving isn't gonna increase but sometimes you do need to use your savings for urgent and emergency things in your life and especially if you need it like instant then saving is pretty much your choice right there. But investments like forex, real estate and gold needs time to withdraw the value thus it has a use-case for that.

well, however, both are important choices and perhaps every person should have them. However, investment and savings have their respective roles. both of these things need to be present. without one of them, it is very likely that one of them will be disrupted. For example, if we only choose savings, then we must be prepared to face inflation that occurs, and our assets may stop at the amount of our savings. This is quite troublesome when we do not have additional income from investments, because it may decrease quickly if we have an emergency need.
Meanwhile, investing without savings can put the investments we have in a situation where it might be easier for us to sell them. That's because we have no preparation for what lies ahead and only focus on investing. If our investment grows slowly, and our needs exceed the limit, then our investment must be sold. therefore, both are important. I also tend to try to do both.

[Dewi Aries]

well, however, both are important choices and perhaps every person should have them. However, investment and savings have their respective roles. both of these things need to be present. without one of them, it is very likely that one of them will be disrupted. For example, if we only choose savings, then we must be prepared to face inflation that occurs, and our assets may stop at the amount of our savings. This is quite troublesome when we do not have additional income from investments, because it may decrease quickly if we have an emergency need.
Meanwhile, investing without savings can put the investments we have in a situation where it might be easier for us to sell them. That's because we have no preparation for what lies ahead and only focus on investing. If our investment grows slowly, and our needs exceed the limit, then our investment must be sold. therefore, both are important. I also tend to try to do both.

I agree with you, there is a big possibility that if we only have or do one of these two things it might be disrupted, but in my opinion it depends on us ourselves. Because if our finances are stable and if we only have savings, this possibility will not be disturbed even if we just save. I have a friend whose finances are very stable, he doesn't make investments but he saves in many banks, where he chooses which bank to save and not to disturb his funds, and saves for financial funds that can be withdrawn at any time as long as we need them, in my opinion this is depending on our own finances and the way we manage our finances.

It would be a shame if the investment made had to be sold at the wrong time. Of course we want the best, including profits, which are the most profitable point, but if we sell it at the wrong time, of course it is not a desire but a compelling situation, so we have to do it even though the profit is not much or even at a loss. Therefore, before making an investment, in my opinion, we must have a reserve fund or emergency fund or other savings to deal with unexpected things, don't let the investment made be disrupted at the wrong time.

[Rabata]

I would say both saving and investment is important and one should include both when making any financial strategies. Savings are kinda like a "safe zone that allows you to sleep in peace at night". It helps you in emergencies and ensuring security for future needs, including retirement. Remember, it is your savings that will help you when your life starts to take an unexpected turn. And yeah, investments is about a " regular growth". It gives you a better opportunity to save and grow your money, while also protecting you from inflation and losing the value of your money you have saved. You will have a source of money that will help you pay your bills, but it does come with risks. There might be months where you make nothing or suffer a huge loss. I would say it is best to have enough saved up to cover your emergencies and short-term needs, then one can start thinking about investing. And also invest money that you won't need immediately and can afford to risk for the potential of higher returns.

Well, we should not separate things that are actually good for us to do, both saving and investing are something that is good for us. We must be able to manage our finances very well, so that we can divide the money from our income into several parts, the first of which is to meet living needs and then to invest and save. I think we can set aside 20% to 30% of our income for saving and investing.
We can allocate another 20% or 30% to save, for example, 30% and 70% to invest, that amount depends on us. We do all this for our future, because both savings and investment are our way of preparing for something in the future.

Savings and investment both are very important for a person. Generally a person save money for his retirement and for use of emergency fund. Also many try to make up for it by saving to acquire a house, car or anything else in their long life. Investing here is a bit different. In saving a person gradually increases his money whereas investment is a means of earning money. Through this a person gets an opportunity to increase his wealth. I believe that both saving and investing are necessary for anyone who wants to be financially secure in the future. Just as saving is necessary to keep oneself safe, there is no substitute for investing to grow one's assets to a significant extent in the future. I think a person should save a certain portion of his income. When a person can save, he will also be encouraged to invest.

[Miles2006]

People do mistake saving and investment, this two are different although people who save money using the fiat currency can still be perfect in term of investing like bitcoin, gold, land etc. From my perspective saving has nothing to do with profit, people have their different way of thinking so I can't just force someone to start an investment for future purpose but an educated person oughto know the benefit involved when it comes to investment. Secondly don't just invest but choose wisely, know the right investment choice cause I have seen several people who went for the wrong choice and ended with no profit. I still think people who went for saving are ignorant and need such advice on different investment choice but not forcefully.

[nurilham]

Savings are still needed. You don't hold what happens tomorrow and that's the purpose of savings, you'll get something to get from that savings if unpredicted things happen and you need money for that.

Of course, savings will be always needed because it is like reserved money for emergency or urgent needs. If we only has investment and has no saving, we may get difficulty when there is an emergency. Sometimes we can't sell investment quickly because of many reasons. If we only have crypto investment, we probably sell for losses if it is in the red market. That's why savings is needed for reserved money.

I don't consider forex as an investment but it's a hustle that's hard for most of the people. If you have no idea of what trading is, much better to remain as an investor with the two that you've mentioned jewelry/precious metals(gold) and real estate. Real estate are liquid but it takes time before you sell a property but while waiting for that, you can rent out the place and that's also a cash flow coming in to you while having the intention of selling it.

Agree, forex is unlikely as a common investment. Only few people can do forex, and it is only for people who have proper knowledge about forex.
Sure, gold and real estate are the right investments. Holding Bitcoin is also investment that we can do for a long term goal. But gold and real estate can be categorized as safe investment, meanwhile Bitcoin is still categorized as a high risk investment.

[Casdinyard]

For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?
No wonder teacher or lecturers are not wealthy due to their this mentality of thinking we hardly finds out a very wealth teacher across or locality.

For long have been around here seems like people who belongs to this world think much of investment than savings while the real world focuses more on savings but if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.

What do you think?

I believe and would always go for both. You can't just pick one and swear against the other, they have their own uses and benefits after all.

Savings will save you (pun not intended) from financial ruin when things get rough and emergencies come by. It also ensures you don't spend too much money on certain purchases since saving for them will prepare you for such purchase without having to take from your pocket. This is something you cannot do with investments as it would financially ruin you if you continuously take from the money you're supposed to put into work.

On the other hand, investing as I said before, is good for creating passive income ventures, as it allows you to continuously accumulate wealth without having to sign up for more work. But the premise is that you can't use that money for emergencies or whatever, since it's money that is supposed to be put at stake for future financial growth purposes. You cannot just withdraw money out of your investment wallet/since that's going to cause you a lot of trouble as I said earlier.

Which goes back to my argument of always having both if you have the capacity. it's better to be prepared for the unexpected and the foreseeable future, so why choose between the two when you can get the best of both worlds?

[Lantind]

People do mistake saving and investment, this two are different although people who save money using the fiat currency can still be perfect in term of investing like bitcoin, gold, land etc. From my perspective saving has nothing to do with profit, people have their different way of thinking so I can't just force someone to start an investment for future purpose but an educated person oughto know the benefit involved when it comes to investment. Secondly don't just invest but choose wisely, know the right investment choice cause I have seen several people who went for the wrong choice and ended with no profit. I still think people who went for saving are ignorant and need such advice on different investment choice but not forcefully.

It is true that by saving we will not be able to make a profit from the savings we have, but some people who choose to save of course have goals that will be achieved immediately, such as someone who saves their money when they want to buy an item and when they have enough. money, they will be able to buy it with the savings they have prepared and we also need to have savings for unexpected financial needs so that we don't have difficulty finding these needs when we need them.

Yes, of course we have to choose a type of investment that we really understand in order to be able to carry out the investment well in order to prepare for our future, because when someone forces an investment that they don't understand well of course they will have difficulty getting it. the profits and even the losses they will get.

[Hamza2424]

For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?
No wonder teacher or lecturers are not wealthy due to their this mentality of thinking we hardly finds out a very wealth teacher across or locality.

For long have been around here seems like people who belongs to this world think much of investment than savings while the real world focuses more on savings but if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.

What do you think?

Both are important savings and Investing if you are just thinking that we should not do savings then it can be the wrong decision of yours now you may wonder on what basis I am saying this well listen buddy savings are important because it can help us in emergency time to overcome some sudden problem and let's say you are just focusing on investing your amount at all rather than saving some only it can be bad in two ways; how? you have invested your all amount at once and now you need some emergency funds you have to fetch your amount back from the investment and as a result, you will never reach your goals. Secondly, You can lose your invested amount as well if luck does not stand with you.

So, in my opinion, we should divide our amount into three parts one for our needs, second for savings, and this for investments In this way we can manage our funds easily. Now in some cases one does not get a big amount at the end of the week/month he/she can prepare some funds giving it some time in the form of savings then he/she can invest some of the amount out of savings for investment purposes. In this way, the management of funds can be easy. What do you say? DYOR!

[Adbitco]

For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?
No wonder teacher or lecturers are not wealthy due to their this mentality of thinking we hardly finds out a very wealth teacher across or locality.

For long have been around here seems like people who belongs to this world think much of investment than savings while the real world focuses more on savings but if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.

What do you think?

Both are important savings and Investing if you are just thinking that we should not do savings then it can be the wrong decision of yours now you may wonder on what basis I am saying this well listen buddy savings are important because it can help us in emergency time to overcome some sudden problem and let's say you are just focusing on investing your amount at all rather than saving some only it can be bad in two ways; how? you have invested your all amount at once and now you need some emergency funds you have to fetch your amount back from the investment and as a result, you will never reach your goals. Secondly, You can lose your invested amount as well if luck does not stand with you.

So, in my opinion, we should divide our amount into three parts one for our needs, second for savings, and this for investments In this way we can manage our funds easily. Now in some cases one does not get a big amount at the end of the week/month he/she can prepare some funds giving it some time in the form of savings then he/she can invest some of the amount out of savings for investment purposes. In this way, the management of funds can be easy. What do you say? DYOR!

Usually when I talks about investment doesn't mean we shouldn't have an emergency fund at least before one venture into investment he should have savings in form of cushion or a reserved amount that is kept beneath for any emergency purposes otherwise not all monthly salary should be keep as savings rather allocate some percentage to the investment. Just as you already have said, when monthly salaries comes you should be capable enough to keep make out savings and investment and this savings doesn't mean you keep huge amount of money somewhere waiting for emergency to come before using those money. If you sense that keep that money without putting in a better place to yield for you then there is no need to have all your money into an account and be expecting for an emergency to come up before using those money so as investor you should know the amount that can serve you for the period of one month while the rest should into investment.