Ep 280: Is It Better to Save or Invest?

Sean: Is it better to save or invest? I'll let you answer this one. Toni: Well, normally we all start by saving first because that's how you develop the habit. That's how you develop the mindset of simply doing delayed gratification. And then once you've established the habit, then you can start investing. But again, like what they say, if you just put, if you save most of your money in the bank, it loses to inflation, so might as well invest anything excess of your emergency fund. It’s like that. What's your take on that? Sean:  It goes hand in hand. It's not an either-or. It's not an either-or. They don’t compete. I would say, you have to save and invest. So you save first, build up your emergency fund, and then you save some more and use it to pay for your insurance, and then you save some more and that's what you invest. So, yeah, it's not an either-or. I can’t say one is better than the other. It's a process that you have to have both. Youtube: https://www.youtube.com/leadershipstack Join our community and ask questions here: from.sean.si/discord Facebook: https://www.facebook.com/leadershipstack