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Today, we discuss a question of frequency. How many times should you invest your money?
Monthly investing plans vs. monthly savings plans seems always to be the big question. It’s an important one because they are not the same.
The reason why is because we are betting on an uncertain future which is always risky!
Savings on a monthly basis accumulates money to invest.
It’s always a good idea to repay and reduce your high-interest loans, such as credit card debt. But for psychological reasons, you need to always have your private cash reserves.
- always keep on investing but be aware of the differences to savings
- always keep cash reserves.
