I’m 22 and only have $40,000 saved. Should I invest or spend my money?

A question by anonymous :  I’m 25 and I only have like $50,000 saved. Should I invest this money or spend it??


Provide a response using the comment section. After review we will update the answers.

I’d advise investing money in bonds until the stock market stabilizes. You won’t make much money, but you also won’t lose any. When things get better, put the money into a respectable mutual fund. Find a trustworthy financial advisor and pay attention to them.

“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..”

“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.”

Emily Patel, Développeuse

“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..”


By Alexandre Laurent

Alexandre Laurentl is working in the jewelry and investment gold since 2002. Alexandre graduated from The Normandy School of Business and from the University of Perpignan a Bachelor of economics in 1995.

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