Savings and Investments: Which Should Come First?

[Suba]

When we first start working or start earning money, we naturally want to manage our money wisely, such as starting to live frugally and creating a budget. However, because our income is still small, we can't afford all our desires, especially when faced with the choice of priorities: saving or investing. If we choose savings, we must temporarily postpone our desire to invest. Likewise, if we choose investment, we must also postpone saving.

 

[gwolf666]

It's normal to feel torn between saving and investing when income is limited. Both are important habits, but initially, you need to prioritize one based on your immediate goals. Saving gives you security and a financial cushion, while investing can generate long-term growth. The key is finding a balance that allows you to move forward without compromising your stability.

 

[Starmix]

You can invest without a capital by investing your talent and potential. If you're good at selling insurances, do it invest the potential you have in convincing people to be covered with a fire insurance policy. It's an investment only saliva the capital, lol. It was what I did doing a side hustle by investing my potential in selling insurances which earned me thousands.

 

[Nomad]

Unless you already have a lot of money, you can start investing only when you save money for a long time

 

[Augusta]

Yes, it seems naturally that savings precede investment. You need to have the money to get able to save.

 

[Min George]

I think that one needs to save to be in a good financial position first before they consider investing.

 

[Stardom22]

As far as l am concerned the savings come first before investments. That is because most people do save before accumulate money for making investments