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Does Saving Really Pay Off?
Since I was a child, my father taught me a lesson.
He taught me the value of money and explicitly showed me how he was earning his money.
He taught me the value of saving.
As I grew up and started to make my own money, I found it difficult to save.
I was tempted by all these ads and was going paranoid.
I was struggling with immense personal guilt whenever I bought something.
The problem even multiplied when I got married.
Should I buy groceries from this nearby expensive store or should I drive all the way to the end of town to buy them?
Should I buy this amazing necklace for my wife as a surprise gift or should I save?
It was complex.
I felt overwhelmed and I felt some sort of guilt whenever I let go of that purchase decision.
Especially when you are saving toward a goal, not just saving for the sake of saving.
For me, I was saving towards immigrating to Canada.
But there are also other good reasons to save and one of them is investing. Indeed, as mentioned in the best financial book in my opinion, “The Richest Man in Babylon” by George Samuel Clason, you should save 10% of your earnings and…
