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Anonymous
Anonymous asked in Business & FinanceInvesting · 1 week ago

I'm 25 and I only have like $43,000 saved. Should I invest this money or spend it?

11 Answers

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  • ?
    Lv 7
    6 days ago

    Tuck it away into a retirement account .By the time you retire SS will be paying 50 cents on the dollar benefit.Time flys by but one must think 40 years ahead.

  • garry
    Lv 6
    7 days ago

    For starters your a troll , and you want use to believe you .. lol .. Very funny troll . more like 25 cents saved ..lol ..

  • 7 days ago

    I am going to assume you have a good job that you expect to keep for a number of years. In that case I would suggest investing $25,000 to $30,000 of it, saving most of the rest of it, and spending part of it on things that you really want to do or have.

    As someone who has been retired for quite a few years now. it makes me happy to be financially secure, something that important. However, memories of things that I have done and enjoyed are also important. I regret not having done some things in my youth that I would have enjoyed.

  • 7 days ago

    first off, GOOD JOB on that one.

    what do you plan on doing in the next 3 years??? Do you on buying a house or starting a business with the money?? if so. SAVE IT

    If longer than that INVEST it.

    When you say spend it???? what do you mean? and spend it on what?

  • ?
    Lv 6
    7 days ago

    The bad thing about spending your money is once its spent, its gone. The good thing about investing, in many cases if you know what you are doing, is that it provides additional cash beyond what you wouldve spent with no return. So with additional cash, you have more flexibility. More enjoyment. Dont buy blindly, though. Know about the company whos stock you buy if stock is how you go. Thats probably the best way to invest your money anyway. 

  • kswck2
    Lv 7
    7 days ago

    A local news program once interviewed a guy that was buying a lottery ticket, and they asked him how he would spend it. His response? 'I'd probably just blow it all on cocaine and hookers'.  

    Still hits the 'best of' lists to this day. 

  • 7 days ago

    Spend it all on booze and hookers. You might get hit by a bus tomorrow anyway.

  • Anonymous
    1 week ago

    If you're not going to invest it only spend it on something that grows it, like putting it toward a property, getting a qualification you need, or starting a business.

  • fcas80
    Lv 7
    1 week ago

    Buy shares of an exchange traded fund that invests in the entire US stock market, and don't worry about daily price changes.

  • 1 week ago

    Definitely invest it.  

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