Saving Is Not Going To Make You Rich But Investment Will

Hi Everyone,

It's with great pleasure that I'm welcoming everyone to my blog and I hope you're all doing well and having a great day. I will like to share with you the fact and vital informations about saving and investment.

When it comes to building wealth, I believe it started by earning through your work, then investing with the money you earned and putting money in to saving to meet up with your most cherished goals or dreams.

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Earning, saving and investing are vital to wealth building, infact they are the stepping stones for achieving financial freedom. But money people get things wrong by placing what supposed to come at the end and placed it at the beginning. This happen when you don't have crucial knowledge on financial sectors work out and a simple mistakes may cost you an ever ending disaster because it may be already when you realized what you should have done.

Just like how saving is important then is investing is also but many individuals get something wrong about both and this usually draw one back in the midst of on colleagues or peer group.

Saving is good and even important, but it can't make you rich and the earliest you realized this is the best because it is investment that will make you rich and achieve financial stability.

Though there are several ways in which you can save your money which I believe some are wrong while some write. Saving money for emergency is one of the best decision you can make because anything can happen anytime. And moreover, emergency funds is pretty different from your normal saving because the purpose of emergency funds is to bail you out in time of unforseen circumstances such as loss of job, health challenges and so on. This means you save those money for a purpose which is very understandable. But it will be unwise if you just decided to save money for saving purpose. This means you pile up or store money in a certain place just because you want to keep them safe with it bringing you any specific interest.

Though everything in life is risky and it's something everyone has to take if we really want a better life for ourselves and our family. If you keep saying that investment is risky and that's the reason why you keep putting your money in saving, then who told you that saving is not also risky as well. A lot of things can happen and when it does, it could sometimes beyond our power and we have nothing to do than to accept the reality.

For instance, you and your friend earn the same amount monthly and you decide to keep saving 60% of your salary every month while your friend keep investing his own 40% in a certain investment with great potential. Believe me, at the end of the year, it is your friend that keep investing that will come out in flying color and have more money than you who keep money sitting idleness without putting it to work.

The best way to get rich is through investing and you can do that by putting your money to work for you while sleeping and continue with your daily activities. Like I said earlier that putting your money in saving because of saving purpose is one of wrong decision and unwise choice as well. Why saving your money for saving purpose when you can actually save money for investment purpose and you keep building your finances and one of the popular way which I knew when it comes to saving your money for investment purpose and keep giving you even the interest no banks can offer you is by putting HBD in to saving and keep earning amazing monthly return, though it depends on how much you invested.

To the best of my own knowledge, I believe that no matter the amount of money you put in to saving, it won't make you rich unless you go into investing which is the best thing. However, like I said earlier that both saving and investing are risky and that's why it is very important to do your own research to be on a safer side.

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