If you can only do one thing at the start, would you go for insurance or investment?

Insurance first to protect my savings later. Without insurance, my savings may get wiped out in the event of critical illness or disability. Insurance acts like a gatekeeper to my bank account to prevents the big cost items (like cancers, hospital bills) to rob my bank.

Hi!

Insurance always comes first! Insurance is used to secure yourself from an uncertain event in the future. One more thing to consider here is an emergency fund consisting of about 4-6 months of expenses to act as a barrier in case of an unforseen situation. Once all this is taken care of, you can use the remaining excess for investment purposes and grow your assets.

I work at kristal.AI, and it's my passion to evaluate various upcoming investment opportunities.

Hi, please settle your insurance first before you invest/grow your wealth. Insurance is like a foundation, your investments is like the building you build on top of it. Without strong foundation, any disaster can easily wipe out your building (investment) down.
I believe you do not want to invest just to pay a doctor/surgeon someday!

If you can only do one thing at the start, woud have assumed the following:

You have only a regular income that is small that can be set aside after setting up your income and expenses and cashflow.. then

What would want to do? Let's say you are now starting at point 0 networth. Your regular income will give you savings of $6,000 by the end of the year ($500/mth).

Assuming a rate of return at 4% only.

20 years later, you would have $185,815 in investments only; or

20 years later, you would have $154,846 in investments but, protected from any CI ($200,000.00) and death/TPD ($400,000)?
Would you want to have a peace of mind?

(A) Take the risk of getting hit by unexpected ball curve between year 0 to year 20?

(B) Be comfortable in making the decision? A lost of $30,000 in investment in future value, but your investment will still be there even if you are hit by CI/TPD?

I think this is the greatest question to ask yourself too. How many people become poor because they did not insure vs how many people are not poor because they insured themselves?