[sifar]

I would recommend you to read the Richest Man In Babylon. It is a small book that explains how one can go about building wealth. Briefly,

1) Save some money regularly (min 10%). 2) If 1) seems difficult, figure out a way to increase your earnings or reduce your expenses till you can do 1). 3) Invest the surplus wisely. Trust it to people who are trustworthy and seem to know their stuff.

Overtime, you will have enough passive income.

[gutitout]

At this inflation rate saving money makes no sense.

[ChuckNorris89]

Yet, those who put their entire savings in the stock market last year are now significantly worse off than if they had just left it in cash.

Sure, their portfolios might bounce back at one point, but who knows when.

Just because we had a 13 year bull run thanks to printing money and dumping it in the stock market, does not always guarantee this can go on forever. The war certainly didn't help either.

Sometimes stocks are just gambling, and it's best to only gamble what you're not afraid to lose, instead of your entire life savings.

[sifar]

Stress leads to bad decisions reducing your options. What I have experienced is that savings help you tide over life's uncertainties. Yes I am letting go of a few % in returns, but I gain something far more valuable - peace of mind and optionality.