facebook2nd year poly student here, i realised i've been spending a lot on social life. I want to start investing, should I cut off 100% of my social life and just stay at home and invest these money instead? - Seedly

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Anonymous

19 Nov 2020

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2nd year poly student here, i realised i've been spending a lot on social life. I want to start investing, should I cut off 100% of my social life and just stay at home and invest these money instead?

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Social life cutting , I not sure of you era. But

my era, social life just having at coffee shop or MacDonald and go fishing which very lpw

cost. Maybe your sovial life or people meet is different and spending is diff

Cut back, not cut off - I used to spend 50% of my income on social life but i didn't regret it one bit (pre-uni days). Once i started actually working, i save 50% of my income till date.

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Spend money on experience, and save the same (or more) for the future!

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Zaid Zed

19 Nov 2020

Investor/risk management at financial firm

I used to think like you in the past cutting down on social life , saving money. But I realised something, i miss out a lot on the ability to build network which is one of the most important skills to have in life. You will thank me later when you are an adult.

when we are too frugal it affects us mentally over the long term. Learn to spend wisely, not in extreme ways.

I echo most of the answers here, in that there's a need for moderation and cutting out 100% of your ...

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