Put it this way, a good invest

2024-10-18

Put it this way, a good investment is also a form of savings while just putting it in the bank is not really savings.

Also, I think the management of money does not mean to 'save' it. Rather, it's the understanding of how to manage your income wisely. The general rule is 5:3:2, 50% on expenses, 30% investment and 20% on rainy day liquidity. So you can invest and save at the same time. Young people, without liability of dependents and have a stable job/income should always invest for growth at the start. Then they can transit to income based investment once they hit a certain threshold. Meanwhile, they should save, albeit a small amount every month for the rainy days / potential warchest when market goes down. So both can be done simultaneously.

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