On Saving and Investing

@ZedSmart (19785)
Philippines
September 16, 2018 3:04am CST
At what time it’s good to save and invest? OK, if you’re an inheritance of vast fortune, this may not be a problem anymore. Nowadays, if we’re just earning in average, life could be difficult for us. We need to fit the budget and sometimes it’s not enough. We need to survive and I know that everyone of you has its own blueprint also for the future. Saving is necessary for future life’s setback. Investing is a good form also if we want to grow that extra cash we have (considering the risk). One may not just so sure where and how to invest smartly so that our money wouldn’t gone the wrong way. If we want to play safe (or is it really), we could just save and does not invest anymore. If we want to multiply the money, if investment have good returns, we can save more. What can you say about saving and investing? Would you go for both or just choose one?
3 people like this
8 responses
GjAMastEr
@gjabaigar (2200)
• Philippines
16 Sep 18
Savings is also considered an investment. There are many kinds or type of investments. Either in monetary/financial or even skills/talents/knowledge/wisdom. Investments are by doing something today/now/presently for future use and long-lasting sustainable development. When is good to make investments? Or at what age? Anytime or anyplace. The younger the better. At the child stage or young age is a very good way to introduce or to be aware in investment. Either by their talents/skills or monetary like in a piggy bank savings. What is a poor investment practice? (For monetary/financial). One example is by going vertical investment. Or just only concentrating or focusing on a single kind or type of investment. What is a good investment practice? A very good practice is by spreading your investment or wealth. Investing horizontal then go vertical, then spread again. Investments can fund businesses, stocks, insurance, real estate property, technology, to an individual person you can trust investing, and of course, gaining/developing more of your skills/talents/knowledge/wisdom.
2 people like this
[eds]
@ZedSmart (19785)
• Philippines
16 Sep 18
A very good point from a wise man indeed. Yes, savings is investment also with minimal interest but at least, your money is not getting idle.
rsa101
@rsa101 (38189)
• Philippines
16 Sep 18
The farther away you are from retirement is the right time for you to save and invest some money. The reason that you all do this is for you to be financially free by the time you retire.
1 person likes this
[eds]
@ZedSmart (19785)
• Philippines
16 Sep 18
You are right. I think it’s best to start too the day we already have the ability to do so especially in our productive years.
1 person likes this
rsa101
@rsa101 (38189)
• Philippines
16 Sep 18
@ZedSmart Many are doing this when they have increase salary or promoted but they do not realize they could have it even during the times when they were starting. This will make your savings earn more than starting big later in your career.
1 person likes this
[eds]
@ZedSmart (19785)
• Philippines
16 Sep 18
@rsa101 You have sensible point on that.
1 person likes this
allen0187
@allen0187 (58574)
• Philippines
17 Sep 18
Save first and then invest accordingly. What is left after you have kept your savings is what you'll use for your expenses.
1 person likes this
[eds]
@ZedSmart (19785)
• Philippines
17 Sep 18
That's a sound idea. We should manages finances wisely.
Mavic123456
@Mavic123456 (21891)
• Thailand
16 Sep 18
Investing is risky.
1 person likes this
Mavic123456
@Mavic123456 (21891)
• Thailand
18 Sep 18
@ZedSmart I agree, then win or lose, at least we tried.
1 person likes this
[eds]
@ZedSmart (19785)
• Philippines
17 Sep 18
Sometimes, we need to take the risk to see result.
1 person likes this
solxee
@sol_cee (38219)
• Philippines
17 Sep 18
Saving and investing- easy to make plans but difficult to execute.
1 person likes this
[eds]
@ZedSmart (19785)
• Philippines
17 Sep 18
Especially if we don't have enough resources.
1 person likes this
solxee
@sol_cee (38219)
• Philippines
17 Sep 18
@ZedSmart and when we actually have the money, we change our priorities and spend them all. Hehe
1 person likes this
[eds]
@ZedSmart (19785)
• Philippines
17 Sep 18
@sol_cee Oftentimes or not he he. Yes, you had point there.
MLOV
@athaness (250)
• Philippines
16 Sep 18
I want both :) I want to save and invest that which I saved :) I was actually looking for a passive income.
1 person likes this
[eds]
@ZedSmart (19785)
• Philippines
17 Sep 18
Good luck on your search.
[eds]
@ZedSmart (19785)
• Philippines
18 Sep 18
@athaness I like to have one too. But I guess we need a financial advisor...he he.
MLOV
@athaness (250)
• Philippines
17 Sep 18
@ZedSmart Maybe you have something to suggest to me?
Sky
@skysnap (20153)
•
16 Sep 18
I save first and then from interest I try to spend. That's my formula so far.
Sky
@skysnap (20153)
•
16 Sep 18
@ZedSmart I invest into mutual funds.
1 person likes this
[eds]
@ZedSmart (19785)
• Philippines
16 Sep 18
So, you aren't going to invest to other the interest you earn or the money you save? Interest in saving is just very minimal. It might be considered as investment though with smaller return.
Icydoll
@Icydoll (36716)
• India
16 Sep 18
I like to play safe for now..may be in future I try investing.Its always good to save money.I do save money for emergency needs.
1 person likes this
[eds]
@ZedSmart (19785)
• Philippines
16 Sep 18
That's true. When you have enough saving, you can even start your own business.
1 person likes this