There is a big difference between saving and investing. When done right and leveraged, both are beneficial and money earning.
Saving money means it is available anytime when we need it and it has a low risk of losing value. It is important for us to track our savings, put a deadline, or timeline, and value to our goals.
Investing means using your money to drive investment vehicles. It can be long term investing which is children’s college fund or retirement. It can also be short term in stocks.
In deciding whether to save or invest, bear in mind that when you save, you can usually pull that money out when you need it especially during emergency. When you invest, you have the potential for better long-term gains or rewards, but also the potential for loss.
Saving is safety. Investing is risky.
Choose what works best for you.
Please contact us for more information at: Tom@LiquidationMotivation.net
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