April 22, 2015

How is saving different from investing? Why do you need to master both?

4 thoughts on “April 22, 2015”

  1. Garrett Haag says:

    Saving is keeping money that you do not spend. While investing is growing your money over time. You need to have a good saving and a good investing habit to be financially well off. If you can make a very good average return when investing it doesnt matter that much if you have very little money that you are investing. If you can save a lot of money but that money is not growing over time and getting eaten away by inflation that is not any good either. If you can put away a good amount of money every year and put that in to investments at the lowest cost you will be on your way to financial freedom.

  2. Axel Hoogland says:

    Savings = spending less
    Investing = creating passive income
    The more you save, the more you can invest. Creating more passive income.

  3. Elizabeth Barske says:

    Saving is keeping your money built up for certain uses, while investing is putting your money to work for you by having it gain returns. However, it is important to become good at doing both of these things. If you don’t first figure out what will motivate you to save, you will not end up with any money set aside for investing. You have to find the best way to save and allocate your money for yourself so that you can have some left over to invest.

  4. Mike Finley says:

    Well said everyone. Let’s recap.

    (1) Saving is very important. It builds the capital that you can use to invest in your future. No savings = no investments.

    (2) Becoming a great saver is limiting unless you learn how to become a great investor. To become that great investor, focus on owning stocks and bonds all over the world at the lowest possible cost. No-load index mutual funds will do that for you.

    (3) Mastering these two concepts can change the course of your life. Start educating yourself on these very important issues. Learn from these wise teachers: Jane Bryant Quinn, Eric Tyson, Jonathon Clements, John Bogle, William Bernstein, Burton Malkiel, and some guy by the name of Warren Buffett! YOU are the answer.

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