{"id":40821,"date":"2025-11-07T13:49:36","date_gmt":"2025-11-07T12:49:36","guid":{"rendered":"https:\/\/badania.uew.pl\/?p=40821"},"modified":"2026-01-26T13:17:58","modified_gmt":"2026-01-26T12:17:58","slug":"gold-cash-or-property-how-to-save-and-invest-say-expert-from-wueb-michal-kisel-phd","status":"publish","type":"post","link":"https:\/\/badania.uew.pl\/en\/gold-cash-or-property-how-to-save-and-invest-say-expert-from-wueb-michal-kisel-phd\/","title":{"rendered":"Gold, Cash\u00a0or\u00a0Property? How to\u00a0Save\u00a0and Invest explains expert from WUEB Micha\u0142 Kisel, PhD"},"content":{"rendered":"\n
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A radio debate offered a simple compass for uncertain times. Start by paying yourself first, build an emergency fund worth 3\u20136 months of expenses, then send the surplus to work\u2014diversified and tax-aware. <\/strong><\/p>\n\n\n\n

\"Gold,<\/figure>\n\n\n\n

\u201cPay yourself first\u201d: make it automatic<\/h2>\n\n\n\n

Micha\u0142 Kisiel, PhD<\/strong><\/a>(Wroc\u0142aw University of Economics and Business) sets the basics: do not save \u201cwhat is left\u201d. Treat saving as the first bill of the month. Set a standing order on payday to a savings or earmarked account.<\/strong><\/p>\n\n\n\n

A practical starting point mentioned in the programme was around 10% of income. It is not a rigid rule.<\/strong> The habit matters more than the opening amount. For some it will be PLN 100\u2013200; for others, more. Automation helps the money \u201cleave sight\u201d and keeps the routine.<\/p>\n\n\n\n

Emergency fund: how many months?<\/h2>\n\n\n\n

The \u201cgold standard\u201d is 3-6 months of household spending.<\/strong> Only after building this cushion does investing make sense. The interview also cited a figure: 26% of respondents report buffers above six months. The aim is clear – avoid costly, stressed decisions (a broken washing machine, dental care, a fine). Surpluses can then be invested.<\/p>\n\n\n\n

\u201cThree to six times a household\u2019s monthly expenses. That is the often-quoted gold standard for a reserve fund. And I think there is little sense in talking about systematic saving – let alone investing – if we do not have it. Start there, ideally with a smaller emergency pot for minor shocks, then move on to the rest.\u201d – Dr Micha\u0142 Kisiel.<\/p>\n\n\n\n

Diversify and dose your risk<\/h2>\n\n\n\n

\u201cI can\u2019t save because there is nothing to save\u201d is a common myth<\/strong>, noted by Dr Joanna My\u015bli\u0144ska-Wieprow. Barriers are often habits and consumption pressure rather than pure arithmetic. The belief that \u201cyou need thousands to start\u201d is also false.<\/strong> Many instruments allow small, regular amounts.<\/p>\n\n\n\n

Diversification- across asset classes and markets is basic risk control. <\/strong>Not all in property. Not all in deposits.<\/p>\n\n\n\n

Foreign markets and tax<\/h2>\n\n\n\n

Micha\u0142 \u017bu\u0142awi\u0144ski highlights that overseas investing is accessible via Polish and foreign brokers. This adds geographic diversification when much of life risk already sits in Poland. Do check tax handling – some foreign brokers do not prepare an automatic Polish taxes.<\/p>\n\n\n\n

Employee Capital Plans, micro-transactions and \u201cspare change\u201d<\/h2>\n\n\n\n

If you have not opted out of Employee Capital Plans, you may already be saving. Bank round-up tools work similarly by skimming \u201cspare change\u201d into goals. Small streams add up – especially with compound interest.<\/p>\n\n\n\n

Crisis scenarios: war, blackout, uncertainty:<\/h2>\n\n\n\n

In shocks, liquidity comes first:<\/p>\n\n\n\n