Saving vs Investing: Which One Is More Important??

Saving vs Investing: Which One Is More Important?? This is a question we are often asked so we decided to make a video explaining what you should do if you are on your personal finance journey to build wealth. You just may be surprised to hear what we think when it comes to investing and savings. There are a lot of people that own stock, but there are also a lot of people that are living paycheck to paycheck. We think it is always important to save and not just for an emergency fund. Saving alone won't make you rich, but you have to be able to save enough so that you can participate in the stock market on a long term basis so that your investments have a chance to grow and you can benefit from compounding. Don't worry about the effects of inflation, if you have an investing strategy that allows you to use cash to build wealth you will be fine. Also it is better to deal with inflation than it is to deal with debt. Check out this wealth twins video and let us know what you think about saving vs investing.

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👭🏿 About Us 👭🏿
We are Nadia and Nicole and on the Wealth Twins Channel we are dedicated to increasing your financial independence. We create videos that will potentially help you reach financial independence, build wealth, and create generational wealth. We teach others how to invest money in the stock market and wealth building through the accumulation of passive income producing assets.

Our goal is to teach you how to be rich by using financial tips, saving money tips, and personal finance for beginners. If you want to retire early, be debt free, and make passive income please hit the subscribe button.

DISCLAIMER: The Wealth Twins, including but not limited to any guests appearing in our videos, are not financial/investment advisors, brokers, or dealers. Our videos are for educational purposes only. They are solely sharing our personal experiences and opinions. There are financial risks associated with investing. All investments involve risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. In order to make the best financial decision for your own needs, you have to conduct your own research and due diligence.

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[Joethebro]

This is kind of refreshing considering we always hear just keep investing and don’t save.

[daisy_naples]

Hi Nicole! I do agree with your reasons. I would definitely not invest if I had no savings. Savings give me peace of mind and power. Thanks for a great video. ❤

[LindaM]

The most sound money advice I've ever heard, thanks, lots of sense, simple and very easy to understand

[ACCOMPLISHEDSHEIS]

One has financial security solely if they have both savings and investing. You can’t depend on a job to get you by, because I lost my job=income. Still, I have two years worth living expense for security until I find my next job.

[dral]

The realist video on saving. I cannot stand when some people make it seem like saving is a bad thing. I love this message and admire your mindset even more since I'm a saver by nature and it has done wonders over the years when folks would even come to me to borrow money 😁😇. Not to mention that I like having quick access to liquid cash from different high yield savings accounts. I can go on and on of how saving has allowed me freedom instead of relying on credit cards like others. Saving will always be Power ✊🏾. Thank you for making this video. Much love 👑💛

[mtjt]

If you don't have savings you must pull from your investments if something unplanned happens

[dtr]

I had $150K in my HYSA in October of 2022. Then my wife was diagnosed with breast cancer. Between al the surgeries, chemo & radiation treatments, plus many many Dr. Appointments have drained my savings down to $50K today. No matter how well you plan for retirement or saving for whatever, bad things can happen in the blink of an eye. Now, I'm having prostate problems, so I don't know what to do besides stay the course and see what happens.

[kenyottahaire]

Thanks for the vid. I'll be talking with my about this today. Thank you again!

[lisaw]

Thanks, that was great and very informative. I also express to others to do both.

[Malitubee]

I think the two should be used in conjunction, I have an investing account, an emergency fund, and a regular savings

[theclown]

I agree! I have a 6+ month emergency fund as savings, with some excess cash in checking so I don’t have to live on the edge with paying bills or daily purchases. Additional funding in my HSA accounts. Levels of protection so that I won’t need to sell investments during rough times.

[ronaldcambridge]

...And if I may add my two cents... In the process of saving, make every effort to use a FDIC insured high yield savings account or some other comparable liquidity account to at least get higher returns than what's offered with conventional banking accounts.

[saritamoorebansa]

I hear time and time again that saving your money is wrong because of inflation. I’m a strong saver ( late bloomer regarding investing in stocks beside my 401k about 7 years ago). I say forget about 6 month emergency fund, everyone should be striving for 1 year of expenses or a years GROSS salary). The pandemic showed us things can go sideways in a heartbeat 💗 and we need to take care of ourselves.

[carolynmerritt]

How much is too much to save in a bank?

[lbieswi]

I know saving is important but I can't keep taking money iut if bank account.

[buckeye]

If I am currently new out of college and unemployed. Should I move my investment money to my high yields saving account? Until I earn more income.

[missshannon]

Her voice is so cute.
Wonder what made her so mad that she walked off the job.

[tirevelation]

I am going to start saving for an emergency fund

[AndrewGuyton-fqje]

Don't say that you don't understand on youtube.