Mika
VIP Contributor
A practical saving approach involves setting aside 10-20 percent of income in a savings account. You can keep half of the accumulated savings to your emergency funds in high-yield accounts, or retirement accounts, You can use the other half for investments. However, this is not one time strategy, you need to follow this routine every time you receive money. You should continue to build your savings and continue to use half of your savings for investment and half of your savings for retirement and emergency as a hedge against the investment losses. While savings might not grow your wealth, it can help when your investment goes wrong.
