[Events] Should young people save first or invest earlier?

TigerEvents
2024-10-18

Warren Buffett once said, “Investing is the only way to accumulate wealth in the long term.” However, Robert Kiyosaki also pointed out, “Before you learn how to make money work for you, make sure you know how to manage it.” These two perspectives offer different angles on the topic.

Today, we would like to invite you to join the discussion on the following topic: Should young people save first or invest earlier? What’s your choice, and why?

[How to Participate]

  • Share this post and tag at least one friend to invite them to the discussion.

  • Comment below with your opinion on “Should young people save first or invest earlier?” You can share your personal experiences or quote famous sayings to support your point of view.

  • Whether you’re on the saving or investing side, feel free to use real-life examples or personal experiences to persuade others.

[Event Duration]

  • October 18, 2024 – October 25, 2024

[Prizes]

  • All participants who leave a comment will receive 5 Tiger Coins. Sharing the post and tagging friends will earn you an additional 5 Tiger Coins.

  • 🌟 Popularity Award: The participant with the most likes on their comment will receive a $5 stock voucher.

  • 🍀 Lucky Award: We will randomly select one lucky participant from the comments to win a piece of Tiger gift. $Tiger Brokers(TIGR)$

# Tiger Friday

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • koolgal
    ·2024-10-18
    TOP

    🌟🌟🌟Warren Buffett is perhaps the most successful value investor the world has known.  The main reason for his success is that he  started his investing journey at the tender age of just 11.  That's the magic of compounding!  The returns just compound massively over time like a snow ball rolling down the hill becoming bigger and bigger as it gathers more snow along its path. 

    Robert Kiyosaki, the famous author of Rich Dad Poor Dad took a slightly different path.  He believes in learning the technique of how to make money the smart way.  

     Both methods have their merits.  However I believe that Warren Buffett's method is slightly better.  

    Therefore I believe that  it is important to teach my kids from a young age the value of savings as well as the simple basics of investing.  Take for example, a simple trip to the bank like DBS.  I will explain how the bank makes money and that  we can become a small  owner of DBS simply by buying its stock. 

    Small children can grasp simple concepts of needs and wants as young as 4 years old.  My son once asked me to buy a toy car for him.  I asked him how would I pay for it.  He said that I would use my plastic card and tap it.    I would say that if he likes the toy car, he can put aside his coins into a piggy bank and when it is full, we can buy the toy car.  A simple lesson like this teaches him the value of savings and setting up a little goal to achieve his desire of wanting to buy a toy car. 

    The earlier young people start on their savings and investing journey, the bigger the long term returns will be.  That is why it is important to teach the kids as early as possible the value of savings and investing.

    There is a wise saying "Teach a man how to fish and it will feed him a lifetime."

    @TigerEvents  @Tiger_comments  @TigerStars  

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    • Shyon: 
      Nice say, thanks for sharing
      2024-10-19
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    • koolgalReplying tozuma: 
      Best of luck 🍀🍀🍀
      2024-10-19
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    • koolgalReplying tozuma: 
      Have a wonderful weekend 🏝️🏝️🏝️
      2024-10-19
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  • jethro
    ·2024-10-21
    TOP

    年轻人应该先储蓄还是早投资？

    嗯，在我看来，这里有一个列表来设置正确的阶段...

    1、年轻人？多年轻？

    我们可以首先教我们的孩子金钱的价值。为什么我们需要为钱而工作，为什么。然后他们会对它有更好的理解。金钱是生活基本需求和欲望的“润滑剂”...

    我们必须让他们明白“事情不会从天而降”，你必须为你想要实现和获得的东西努力工作。

    在他们上学期间，我们可以慢慢地教他们为什么我们需要付钱给店主来买我们需要的杂货和其他东西，以及这个“系统”是如何工作的...

    如果他们能理解，那么我们可以慢慢地教他们简单的经济理论以及它是如何运作的。

    这将让他们更好地了解经济和买卖或交易商品的过程..

    2、先要钱，才能投资。

    首先你需要资金（钱）才能做任何投资，对吗？

    因此，他们需要进入工作世界，他们可以积累储蓄用于投资……这将让他们知道“没有免费的午餐”

    如果父母只是在孩子还小的时候就先为他们投资，让他们领先一步，那就太好了，因为他们在积累投资储蓄方面不会遇到麻烦...

    但话说回来，我可以问一下这是个好主意吗？

    3.最好先让我们的孩子“自食其力”

    这样，他们会更好地欣赏金钱的价值，并会进行投资，而不是拿自己挣来的薪水赌博。

    3、时间就是金钱，是投资的本质。

    因此，一旦他们能够理解市场是如何运作的，学到了足够的知识，做了足够的数据收集和尽职调查，他们就可以开始投资了。

    伙计们，这是我的两分钱...

    投资朋友们快乐！

    干杯！


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    • PSG2010: 
      我完全同意你的观点
      2024-10-24
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    • winky9: 
      说得好！教孩子关于金钱的知识至关重要[Smart]
      2024-10-24
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  • icycrystal
    ·2024-10-18
    TOP
    save before spending. likewise, need to save for emergencies before investing. also, do not borrow to invest. market can be volatile so important to have  [USD] [USD] [USD] before doing anything else.

    @Shyon @Universe宇宙 @GoodLife99 @rL @HelenJanet @LMSunshine @koolgal @SPACE ROCKET @Aqa @TigerGPT

    All participants who leave a comment will receive 5 Tiger Coins. Sharing the post and tagging friends will earn you an additional 5 Tiger Coins.

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    • koolgal: 
      Thanks for sharing your valuable insights 😍😍😍
      2024-10-19
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    • TigerAI: 

      非常同意您的观点！在进行任何投资之前，储蓄是非常重要的。储备资金可以用于应对突发状况，帮助您应对紧急情况。此外，我们也应该避免借钱来进行投资，因为市场可能会波动，借款投资存在较大风险。

      作为投资者，首要任务是建立一个紧急储备基金。这个基金应该足够您应对可能发生的紧急情况，例如突发疾病、失业或其他意外事件。一般来说，建议储备3至6个月的生活费用作为紧急储备。

      当您的紧急储备基金已经建立起来后，您可以考虑进行投资。投资有助于增加财富，并为未来的目标提供资金支持。然而，投资也存在风险，因此在进行投资之前，您应该进行充分的研究和了解。

      在投资之前，您可以考虑以下几点：

      设定明确的投资目标：确定您希望实现的财务目标，例如退休、子女教育、购房等。  

      理解风险承受能力：评估自己对风险的承受能力，确保选择适合自己的投资方式和产品。  

      分散投资风险：不要把所有的蛋放在一个篮子里，通过分散投资降低风险。可以考虑投资不同的资产类别和行业。  

      深入研究：在投资之前，充分研究和了解所投资的公司、行业或基金。可以查阅公司的财务报告、相关新闻和分析报告等。  

      定期审查和调整：定期审查投资组合的表现，并根据需要进行调整。  

      请注意，以上是一般性建议，具体的投资决策应根据个人的财务状况、风险承受能力和投资目标进行。建议您在进行投资之前咨询专业的财务顾问或投资顾问，以帮助您做出明智的决策。

      重要提示：以上内容仅供参考，不构成投资建议。投资涉及风险，股市有波动性，投资者应自行承担风险。

      2024-10-18
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  • Success88
    ·2024-10-18
    TOP
    Yes now many younger already know what is FIRE and they had start very early. My son which is 16 this year. Told me he want to use his saving to buy S&P 500. He want to start invest now and retired and travel the world to camping at age 45year old. I believe as long as you have the right attitude and mindset you can do it. Invest young is possible @TigerEvents @HelenJanet @koolgal @SR050321 @MHh @SPOT_ON @Fenger1188 Join in
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    • Success88: 
      Thanks Bro
      2024-10-19
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    • Success88: 
      😅😅😅
      2024-10-19
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    • Success88: 
      Yes Yes
      2024-10-19
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  • Shyon
    ·2024-10-18
    TOP
    在这个问题上，两种观点各有千秋，年轻人可以根据自己的情况考虑结合。

    第一，专注赚钱的视角强调了稳健财务基础的重要性。对于很多年轻人来说，积累一定的储蓄可以提供更大的保障和灵活性。如果没有足够的资金，投资可能会带来更高的风险，可能会导致财务压力。

    另一方面，尽早开始投资可以利用时间的复利效应。年轻人的投资期限更长，能够忍受短期波动，使他们能够通过较小的投资实现增长。

    综上所述，最好的方法可能是专注于赚钱，同时逐渐开始小规模投资。这使得个人在积累财富的同时，也能学习投资知识。最终，这为更稳定的财富增长创造了良好的平衡。
    @TigerEvents @Tiger_comments

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  • Aqa
    ·2024-10-19
    TOP
    Young people should save money from unnecessary expenditure and invest early. Charlie Munger famously remarked, “The first $100,000 is a b****, but you gotta do it.” This statement underscores the initial hurdle many young people encounter when striving to build their savings. Achieving financial security often requires short-term sacrifices and disciplined budgeting, but the long-term benefits can be transformative. By embracing frugality, prioritizing savings, and investing hard earned cash, young people can achieve long-term success. Thanks @TigerEvents @icycrystal @SPOT_ON
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  • icycrystal
    ·2024-10-18
    TOP
    save before spending. likewise, need to save for emergencies before investing. also, do not borrow to invest.

    market can be volatile so important to have [USD] [USD] [USD] before doing anything else.

    @LMSunshine @Shyon @Aqa @SPACE ROCKET @TigerGPT @koolgal @rL @GoodLife99 @HelenJanet @Universe宇宙

    Today, we would like to invite you to join the discussion on the following topic: Should young people save first or invest earlier? What’s your choice, and why?

    All participants who leave a comment will receive 5 Tiger Coins. Sharing the post and tagging friends will earn you an additional 5 Tiger Coins.

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    • koolgal: 
      Thanks for sharing your valuable insights 😍😍😍Have a great relaxing weekend 🏝️🏝️🏝️
      2024-10-19
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  • Mrzorro
    ·2024-10-18
    TOP
    I think both master words are correct as saving and investing can go hand in hand. I believe young people should save first because without saving we can't invest ( although now can borrow from bank or loan from credit card but through saving we know that money is not easy to earn and keep). Of course, investing earlier can make a profit earlier, but that depends on personal reference. You can decide how you want to invest and where you want to invest (stock,  property, gold, cryptocurrency, etc.). I believe $Tiger Brokers(TIGR)$ provides a very good platform for us to learn and trade. Pls join the big family and earn together  [Victory] [USD] [Miser]
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    • koolgal: 
      Thanks for sharing your valuable insights 😍😍😍Have a wonderful weekend 🏝️🏝️🏝️
      2024-10-19
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  • MHh
    ·2024-10-18
    TOP
    It depends on the age and financial status of the young person. Everyone should first learn to save first because that is the easiest to learn and can be considered risk-free. Before anyone invests, we all need to have our emergency fund set aside first and that comes from saving! Once that is done, then we need to also safeguard with the necessary insurance bought. Finally, then I believe investing comes in. Saving and protection of wealth steps need to be reviewed periodically as our expenses and life stages change and we do need to provide for different ones in our lives. So, saving is something that can be ongoing as we go along with our investment. The most important thing would be timely review and using the right strategies to achieve our goals.
    @Universe宇宙 @DiAngel @SR050321 @Success88 @Kaixiang @rL @Wayneqq @HelenJanet @Fenger1188 @SPOT_ON come join
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    • Success88: 
      Thanks for sharing
      2024-10-19
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  • CL_Wong
    ·2024-10-25
    TOP
    young people should invest earlier because they have ample amounts of free time in their day-to-day, which can allow them to really dig in and research the best investments and track current trends.
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  • Des79
    ·2024-10-19
    TOP
    Nowadays is hard to save. In order to make your money work hard for you. You have mixed. Saving and investing. For investing wise, I suggest to go class, learn technical analysis for stock. Some classes the good lecturer will teach the value of invest and saving. This is something the whole world  education fail to teach you. The earlier you start the better. Try to cut using credit card. They will land in credit debt.
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  • TLim
    ·2024-10-18
    TOP
    Do both. Save money and invest in own financial literacy. Brush up on financial education first before putting real money to work. Does not have to spend  money to gain knowledge. Borrow investment books from the library is one way. [Miser]
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  • MeowKitty
    ·2024-10-25
    Young people should invest earlier because any money they invest when they are young has more time to grow before they likely need it.
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  • Aqa
    ·2024-10-19
    “Eat and spend, God will send.” Some young people just told me that it is very important to spend and enjoy life’s good things before it is too late. So how should we decide between enjoying life and saving money? There needs to be a balance between spending money to enjoy life and saving money for investments. It is important to make budget, invest wisely, and finding free or low cost way to enjoy life. Live healthily within target spending enables one to save some money for investments, thus achieving financial security. Thanks @TigerEvents @RPGold
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  • Mazemasu
    ·2024-10-19
    In my opinion, young people are encouraged to save first. To me, saving is akin to walking, while invest is akin to running. Before a person know how run, he will start to walk (not to mention crawling in beginning childhood). Hence, learn to save is important to manage emergency needs should it arise as well learn to do balancing on priority in life. With excess cash or saving, should he/she intends to take calculated risk, then, can consider to go into investment to grow his portfolio.
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  • Frosty4ever
    ·2024-10-19
    should first build emergency fund.   gives peace of mind in uncertain world.  retrenchment can happen unexpectedly. contrary to what some think it's not affecting only those 'poor' performers. 
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  • Bdub
    ·2024-10-19
    Saving by investing in an ETF is a great way to start your retirement plans.
    Keep it simple and do it consistently year after year it isn’t exciting but it is affective
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  • Axekay
    ·2024-10-19
    Save first. Young people should save first (for emergency funds and upcoming expenses in the next 5 years) while working hard to increase their earning power. Afterwhich, they can put their excess cash for investment. @Hopehope赋予希望
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  • Rainy777
    ·2024-10-19
    Neither. Work out what you want from life (happiness, wealth, knowledge etc) and then do what you need to get there. For some, investing is the right answer, but for others, education or family is more important than money.
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  • Joker_Smile
    ·2024-10-19
    I personally feel its a matter of allocation of your savings. I feel that a part of your allowance or salary, has to goes to savings and investing. How much is the percentage for savings and for investing, it's up to each individual.

    Putting all spare cash into savings generate too little interest. Same goes to all into investing may sound risky. A good allocation for each individual would be good.

    Huat Ah! [Miser] @TigerEvents

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