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last updated by John Adeleke 1 month ago
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  • #27428
    Aries
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    Which Is Better: Saving or Investing?

    Everyone is looking for ways to make more money than they already have, but more importantly, they are on a path to financial independence. Your financial objectives may differ from those of others, but we all have one thing in common: we want genuine ways to grow our money. That is what we will be discussing today as we distinguish between the two terms – saving and investing.

    Saving

    This one is self-explanatory; it refers to the process of putting money aside for rainy days or large purchases such as a down payment on a house or car. Typically, you must open a savings account with a financial institution.

    Investing

    When you invest your money, you are putting it aside for a set period of time with the expectation that it will grow in value. Stocks (also known as shares), bonds, exchange-traded funds (ETFs), and other investment vehicles are available.

    After explaining both terms, which will you use to make more money? Let us know what you think.

    Read Also: 5 Top Rules To Succeed In Business

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    • #27565
      John Adeleke
      Participant

      investment is far better than savings…no caps..

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