Advice: Spend or invest?

[choco roll]

Now youngsters like YOLO. But not to the extent of spending everything la

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[3dfxplayer]

I'm going to say live a little. You can make all the money in the world at 40 or 50 yrs old but its not going to turn back the clock for you, there are many things that only people of your age can enjoy. Just don't go into debt and save some money for that rainy day, I don't think you need to think about investing yet.

 

[fluxos]

I'm going to say live a little. You can make all the money in the world at 40 or 50 yrs old but its not going to turn back the clock for you, there are many things that only people of your age can enjoy. Just don't go into debt and save some money for that rainy day, I don't think you need to think about investing yet.

Agree completely

 

[doody_]

I'm going to say live a little. You can make all the money in the world at 40 or 50 yrs old but its not going to turn back the clock for you, there are many things that only people of your age can enjoy. Just don't go into debt and save some money for that rainy day, I don't think you need to think about investing yet.

That's right, too many people are saving blindly. Do they even know what they are saving for? Hopefully it's not for their own medical and funeral.

YOLO! Once gone the time never comes back again.

 

[hsfhsf]

I think save up and put into FD.

This is creating a necessary habit for future.

 

[vince123123]

Whilst I commend the TS for having a mature mindset to saving when young (and indeed I wished that the informational resources available to me when I was young is as vast as to today's youths), I agree with the other posters that at your age, it is probably a good idea to spend some on yourself and save some since the absolute amount wont be much when you get older, whilst the amount you spend on yourself now (since you are young, the things you desire aren't that expensive absolutely), will bring you much more intangible happiness.

As an example, when I was younger, I did not have much opportunity to visit theme parks and/or sit roller coasters. Only sat my first roller coaster when started working and enjoyed it. When I got older and could afford to do this easily, I no longer want to sit on roller coasters anymore.

 

[thekang]

At your stage, I would suggest investing in upgrading yourself for higher salary in the future. Not sure what your career plans are though.