<p>The biggest economic stories of the last two years were a pandemic no one saw coming.</p>
<p><em>It always works like that. The biggest risk is what you don’t see coming. The fact that you’re not prepared for it is what makes it so risky.</em></p>

The Biggest Risk Is What You Don't Expect

<p>Some people save money for a down payment on a house, a new car, or retirement. That’s great, of course. But saving does not require a goal of purchasing something specific.</p><p>You can save just for saving’s sake. And indeed you should. Everyone should.</p><p>Only saving for a specific goal makes sense in a predictable world. But ours isn’t.</p><p> <strong>Saving is a hedge against life’s inevitable ability to surprise the hell out of you at the worst possible moment.</strong></p>

The Biggest Lesson: You Don’t Need a Reason to Save

<p>Everyone knows the tangible stuff money buys. The intangible stuff is harder to wrap your head around, so it tends to go unnoticed.</p><p>But the <strong>intangible benefits of money</strong> can be far more valuable than the tangible things that are obvious targets of our savings.</p><p><strong>Savings without a spending goal gives you options and flexibility — the ability to wait and the opportunity to pounce. It gives you time to think, and lets you change course on your own terms.</strong></p><p>Every bit of savings is like taking a point in the future that would have been owned by someone else and giving it back to yourself.</p>

Money Buys The Intangible

<h2>Saving without a spending goal has many benefits, including control over your time.</h2><img width="640" height="353" alt="" src="https://thehustle.co/wp-content/uploads/2022/03/News-Brief_2022-03-25T002600.505Z-1024x564.jpg" srcset="https://thehustle.co/wp-content/uploads/2022/03/News-Brief_2022-03-25T002600.505Z-1024x564.jpg 1024w, https://thehustle.co/wp-content/uploads/2022/03/News-Brief_2022-03-25T002600.505Z-300x165.jpg 300w, https://thehustle.co/wp-content/uploads/2022/03/News-Brief_2022-03-25T002600.505Z-768x423.jpg 768w, https://thehustle.co/wp-content/uploads/2022/03/News-Brief_2022-03-25T002600.505Z-1536x846.jpg 1536w, https://thehustle.co/wp-content/uploads/2022/03/News-Brief_2022-03-25T002600.505Z-2048x1128.jpg 2048w, https://thehustle.co/wp-content/uploads/2022/03/News-Brief_2022-03-25T002600.505Z-50x28.jpg 50w"><div>Morgan Housel, The Collaborative Fund</div><div>
      March 25, 2022    </div><p>The biggest economic stories of the last 2 years were a pandemic no one saw coming and a war in Ukraine no one saw coming.</p><p>It always works like that. The biggest risk is what you don’t see coming. The fact that you’re not prepared for it is what makes it so risky.</p><h4><strong>The biggest lesson here…</strong></h4><p>… is that you don’t need a reason to save.</p><p>Some people save money for a down payment on a house, a new car, or retirement. That’s great, of course. But saving does not require a goal of purchasing something specific.</p><p>You can save just for saving’s sake. And indeed you should. Everyone should.</p><p>Only saving for a specific goal makes sense in a predictable world. But ours isn’t. Saving is a hedge against life’s inevitable ability to surprise the hell out of you at the worst possible moment.</p><h4><strong>Another benefit of savings without a spending goal…</strong></h4><p>… is control over your time. Everyone knows the tangible stuff money buys. The intangible stuff is harder to wrap your head around, so it tends to go unnoticed.</p><p>But the intangible benefits of money can be far more valuable than the tangible things that are obvious targets of our savings.</p><p>Savings without a spending goal gives you options and flexibility — the ability to wait and the opportunity to pounce. It gives you time to think, and lets you change course on your own terms.</p><p>Every bit of savings is like taking a point in the future that would have been owned by someone else and giving it back to yourself.</p><h2>Get the 5-minute roundup you’ll actually read in your inbox​</h2><p>Business and tech news in 5 minutes or less​</p><p>100% free. We don’t spam. Unsubscribe whenever.</p><div>
              Never Miss What’s Happening In Business and Tech          </div><div>Trusted By 1.5M+ Readers</div><h4>
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Saving without a spending goal has many benefits, including control over your time.

moneyandinvestments

Money & Investments

<p>The biggest economic stories of the last 2 years were a pandemic no one saw coming and a war in Ukraine no one saw coming. </p>

<p>It always works like that. The biggest risk is what you don’t see coming. The fact that you’re not prepared for it is what makes it so risky. </p>

<p>… is that you don’t need a reason to save. </p>

<p>Some people save money for a down payment on a house, a new car, or retirement. That’s great, of course. But saving does not require a goal of purchasing something specific. </p>

<p>You can save just for saving’s sake. And indeed you should. Everyone should. </p>

<p>Only saving for a specific goal makes sense in a predictable world. But ours isn’t. Saving is a hedge against life’s inevitable ability to surprise the hell out of you at the worst possible moment. </p>

Another benefit of savings without a spending goal…

<p>… is control over your time. Everyone knows the tangible stuff money buys. The intangible stuff is harder to wrap your head around, so it tends to go unnoticed. </p>

<p>But the intangible benefits of money can be far more valuable than the tangible things that are obvious targets of our savings. </p>

<p>Savings without a spending goal gives you options and flexibility — the ability to wait and the opportunity to pounce. It gives you time to think, and lets you change course on your own terms. </p>

<p>Every bit of savings is like taking a point in the future that would have been owned by someone else and giving it back to yourself. </p>

Get the 5-minute roundup you’ll actually read in your inbox​

<p>Business and tech news in 5 minutes or less​ </p>

<p>100% free. We don’t spam. Unsubscribe whenever. </p>

“Entertaining, informative, keeps you coming back for more...”

The podcast for awesome builders, schemers, and dreamers.

Why you don’t need a reason to save

The Biggest Risk Is What You Don't Expect

The Biggest Lesson: You Don’t Need a Reason to Save

Money Buys The Intangible

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CURATOR'S NOTE

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