Life is full of risks, one would either take a calculated and gainful risk or take risks blindly. Either one saves, invests or even spends as it comes, because it's even more risky not to take ricks.
Thank you for the writeup @dwayne16, but when it discussed saving for emergencies for 6 months, in a world/country where emergency is the order of the day, don't you think that 6 months months of saving might eventually lead to a lifetime of saving for emergencies with almost everyday starting afresh with the savings.
You hear people say things like "it's my savings that is saving me". It's like saving sand in a basket, when will it ever get full ?
I feel the majority of people get stuck in the loop of saving and never growing out of it into the stage of investment because as they try to gather, life/emergencies gets in the way. For people like this, what do they need to do differently?