Скачать или смотреть What is the Difference Between Saving and Investing

What is the Difference Between Saving and Investing?

You should consider the risk involved before making a decision.
In saving, you place money into an account that earns minimal returns, but you can withdraw money when you need it.
However, investing can provide better long-term gains, but you also risk losing some of your money.
The purpose of saving money is to prepare for the future. You never know what life might bring, and it’s always better to be prepared. The more you save, the more options you will have in the future and the less risk you will face during hard times.
Saving should be used mainly to put some money aside in case of an emergency situation or to cover any unexpected expenses that might come up during your lifetime.
Investing is a long-term strategy. It is the process of buying something with the hope that it will increase in value over time. Investing can be risky but it can also be rewarding.

AFFILIATE LINKS:

🏦🏦Open a Checking Account with Chase: 🏦🏦
https://accounts.chase.com/raf/share/...

🤑🤑 Open a J.P. Morgan Self-Directed Investing account: 🤑🤑
Earn a bonus when you open a new J.P. Morgan Self-Directed Investing account and deposit a minimum of $200:
https://accounts.chase.com/investing/...

🤑🤑 ROBINHOOD - Get A Free Stock valued up to $200 🤑🤑
You are guaranteed a free stock when you successfully sign up and link your bank account.
Use my Robinhood Referral Code to get a FREE stock!
https://join.robinhood.com/adrienf177

📖📘Books that I recommend before you start investing 📘📖
Warren Buffett and the Interpretation of Financial Statements
https://amzn.to/3S1IYAx
Invested: How Warren Buffett and Charlie Munger Taught Me to Master My Mind, My Emotions, and My Money
https://amzn.to/3By5QAv

💰💰 Best Books To Get Started In Personal Finance 💰💰
https://amzn.to/3d5Ed9S

Please don't forget to Subscribe for more content. Also leave a like as it lets me know you are enjoying the content.

Money Savvy URL:
   / @janetloveshorses  

DISCLAIMER: I am not a qualified or certified accountant, financial expert, or anything like that, and I’m not trying to give financial advice. What I’m trying to do instead is share my personal experience and what I did to become debt free and financial independent.
I was struggling with debt for years, but I committed to completely change my lifestyle to manage my money better. In order to achieve my goals I started to live a more frugal life, in order to put every dollar I could in to savings and investment accounts.
So, if what you are looking for is a financial advisor, please look for a certified expert.

AFFILIATE DISCLOSURE: A few of our links on this description are affiliate links. This means that, at no additional cost to you, if you click on those links, we can earn a small commission.