There are several factors that justify the act of saving. If you believe that life is short and that it’s not worth putting some money aside to spend in the future, you might need to rethink that perspective.
The Securities and Exchange Commission of Brazil defines saving as accumulating funds in the present to use them in the future, which generally involves changes in habits and requires a reduction in personal and family spending.
Saving allows you to achieve financial security, one of the main factors of happiness, as it provides a more relaxed relationship with the future. Imagine, for example, knowing that if you were to be unemployed for a year, you have enough savings to sustain yourself during that period. This is why saving in the form of a financial reserve or emergency fund is extremely useful. Reaching a savings level high enough to support yourself for a year is not easy, but it is possible. With a saving rate of 10% of your income, you can accumulate a year’s worth of savings in 10 years.
Saving is also a very important habit for those who want to invest. According to the Securities and Exchange Commission, investing is employing saved money in applications that yield interest or other forms of remuneration or correction. In other words, when you invest your money, after a certain period of time, you will have more money than you had before. It’s a virtuous cycle: the more you save, the more you can invest, and the less you need to save to achieve financial security.
If you start saving today, in the future you can look back and be grateful to your “current self” for having begun to save and invest. Whether you’re facing difficult times or reaping the rewards of investments, you are ultimately responsible for it all.
Knowing how to invest is just as important as saving, as an investment can greatly increase your saved wealth or even destroy it completely. Therefore, in other articles, I will explain in detail the types of investments, types of risk, and investor profiles. If you know your investor profile and understand the types of investments and their risks, you will certainly be able to choose the most suitable options and grow your wealth.
For many people, the world of investments is considered boring and highly complex, which can be quite discouraging. Additionally, mistakes in this field can be very costly. However, you don’t need to spend a lot of time or understand complex and tedious assets and instruments. You can rely on the assistance of a qualified professional who finds the financial market interesting and has made it their profession to help people invest better.
If you want to start your investments or if you’re already an investor looking to improve your returns or reduce risks, you can count on me to assist you, in exchange for a fair and transparent fee. With securities consulting, there are no conflicts of interest, and you can rely on professional service to align your assets with your profile, objectives, and time horizons. Contact me to schedule a consultation.
