What are some of the ways to save and invest for retirement?

Hi!

There are a lot of investment options available to prepare for your retirement. However, the plan you should implement is subjective to your investment objectives and risk appetite. The first priority should be to create an emergency fund, containing 4-6 months of expenses. With the excess amount, you can start investing and preparing for the future.

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

There are plenty of options to save and invest. Most importantly it comes down to your risk profile, current income level and your desired end goal.

Many people have an 'idea' for retirement, but in actual fact you should set a concrete goal that can get you started. For example:

1) I want to build a monthly cash flow of $100.

2) I want to boost the monthly cash flow to $500.

3) I want to have my passive income covering my monthly expenses.

From there, you can reverse engineer to your required rate of return and decide which investment tools are suitable for you. There are plenty of them:

Value investing, ETF Investing, etc.

End of the day: Remember to pay yourself first by saving before spending every month and deploy your savings meaningfully