Saving Is for the Poor and Investing Is for the Rich

• First, figure out how much you expect to comfortably save in the next year.
• Next, determine how much you expect your investments to grow in the next year.
• Finally, compare the two numbers. Which is higher, your expected savings or your expected investment growth?

If your expected savings are higher, then you need to focus more on saving money and adding to your investments. However, if your expected investment growth is higher, then spend more time thinking about how to invest what you already have. If the numbers are close to each other, then you should spend time on both.