facebookDo you think that it is important to save money and invest? - Seedly

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Anonymous

05 Jul 2021

General Investing

Do you think that it is important to save money and invest?

I know it is very weird to ask this ques here. But most of my friends dont really invest and they are very generous with their lifestyle and spending. Sometimes I wonder if I’m doing the right thing and if I care too much about money. 😖

Discussion (13)

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CommonSense Investor

27 Jul 2021

Certified Professional at Biotechnology and Gene Therapy Industry

Any money that is spent now comes with an opportunity cost of generating more money for you in the future. Benchmarked against some companies, performance for the past decade, one might already be a millionaire/multi-millionaire.

Wealth is not about money.

Wealth is about buying freedom with using money and compounded time. Freedom not to give your time away to be chained to a desk and chair for 40hrs a week. Freedom to do anything you want at your own terms.

The question now is how much time and money you are willing to give now for a future freedom for the rest of your life.

Life is like dota, there are people that like early game and those that like late game builds. But unlike dota, most of us will live to the late game, so make sure you don't neglect your late game, and as always, balance is key. Anything taken to the extreme is probably bad and unsustainable.

Do what is right for you, it is your life after all. I’ve been called stingy by some friends & family but I don’t really care because I have my own goals. Don’t worry about others, continue to save & invest for YOUR future, you’ll thank yourself someday.

Victor

04 Jul 2021

Financial Service Consultant at AIA

100% important ​​​

Haha I actually think you should be proud of yourself for taking the step “out of the norm” to start...

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