WHEN TO SAVE vs INVEST - You Need To Do BOTH According To Your Financial Goals & Risk Tolerance!

WHEN TO SAVE vs INVEST - You Need To Do BOTH According To Your Financial Goals & Risk Tolerance! Today we’re talking about when you should decide to save your money, compared to when it’s time to invest. We’re often told that we shouldn’t even do videos about saving, but managing your money effectively involves both financial tools! We’ll cover saving vs investing, should I save or invest, should you invest your savings, should I invest or save, investing vs saving, the difference between saving and investing, when to save, what is investing, should you be saving or investing, saving for beginners and investing for beginners! Do you do more saving or investing?! Let us know in the comments below!

00:00 Introduction
0:40 Saving Is Important Too
3:19 What Are Your Financial Goals?
6:04 What Is Your Risk Tolerance?
8:38 When Should You Invest?

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This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

#ShouldISaveOrInvest
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[stephandden]

Are you in saving or investing mode?! Let us know!🙂⬇️

[MaryRalladi]

A good topic that reminds us of how important having a solid foundation is. Which is your savings. Investing is great! And I'm a huge believer that everyone should eventually get into it. But it's not a race. And the pressure "investors" put on you to make you feel like if you don't INVEST NOW, you'll remain broke for the rest of your life is not true. Take your time, pay off your debts, build an emergency fund (3-6months at minimum) THEN get into investing. I learned about investing, paid off my student loans, learned what my risk tolerance was, and built my emergency fund for 2-3 YEARS(If we include learning about personal finance then 5 years) before I got into ETF investing. And I'm glad I waited. Cause I can sleep well at night now regardless of the market :)

[odumfrancis]

Really happy that you guys are raising awareness about this topic. Lots more people need to hear this info.

[DrLaraZib]

Thanks for sharing this - such an important topic to address at a young age! I've been in different modes throughout the last year or so!

[theHoneyandAbsinthe]

I ask myself this ALL the time. It's so hard to balance when to save and when to invest. I think I tend to lean towards saving, but working on uping my risk tolerance!

[assalane]

I have a lot of trouble saving... I invest instead because this way I really can't touch the money. So many unexpected expenses are hitting rn... dad health problem, appliances that stop working, Car that breaks down... There is always something happening. Argh... so frustrating...

[PORKCHOPANTHONY]

Preach! 🗣🗣🗣! So smart to know when to save vs investing.

[Sustainagirl]

This year I developed a spreadsheet with monthly tabs where I track all my expenses and income. In addition to that i have a yearly tab with my goals for each month and what I plan to make, spend, and save and invest. It's helped me so much to take one day a month to track everything and keep this top of mind.

[kaileyreinhart]

So glad I found your channel- I’ve learned so much. Keep it up

[drej]

This was such a eye opener and can’t thank you two enough!

[biancalouise]

Just found your channel and I love this, thank you so much!

[YesToTech]

Absolutely adored this video! Super interesting and inspiring! A learned a ton! :)

[Rawsomehealthy]

Great video to get it structured on investment and savings!

[KO-ldqy]

Love this! I’m learning so much from your guys

[NatashaAnita]

Great video! I've had friends give me slack for not investing but nice to know you guys also think a savings foundation is necessary :)

[charletfoster]

Great advice-especially during these times

[purplemartinilol]

This is exactly what I needed today :)

[TeandraPfeil]

This is very interesting! I've learned a lot. Thanks for sharing. #YT4B

[vanguard]

Hey Steph & Den I really like your channel 🌷🌤️, have you two thought about starting your own botique consulting firm? 😊

[kevinbouliane]

Do you have any other videos on saving vs investing tradeoff? I've loosely budgeted it out, and I don't see myself being totally debt free (student debt) for at least a couple of years from now at my current income rate, but I find myself tempted toward investing small amounts like 5-10% in index funds, and then saving 45-50%. However in your video it seemed like you were encouraging folks to strictly save until 100% debt free. Could you elaborate on this (either in a comment or in another video)?