Save less and invest more

in #life8 years ago

images.jpegHello Steemians welcome to my blog,

I have some thing very important to discuss Here today which is *investing and saving.
Sometimes people misunderstand the two, some think the are the same but the are not. Today am gonna compare and contrast the difference between the two.
Let's start by Defining them.
Definition of savings: savings according to my own definition can be said to be putting money aside, bit by bit for future purpose. You usually save up to pay for something specific, examples. A deposit on a home or to cover up any emergencies that might come up, like a broken boiler. Saving usually means putting your money into cash products, such as a savings account in the bank or building society.

Definition of investment. This can be defined as taking some of your money and trying to make it grow by buying things you think will Increase in value. For example, you might invest In stocks, property, or shares in fund.
You now see? savings is totally different from investing. We only save for unforeseen circumstances but when we invest we are going to the future, you are trying to get more money using money. Savings is quite good but why save when you can invest? Always bear in mind that great people invest but average people save. So invest now and earn big. let us stop that mentality of always savings without investing investment is the best thing one can do for him self and even his future generations.
So Invest more, save less, spend less. Put your money into investment ventures. Buy T-bills, buy shares, buy fixed deposits, import some goods and sell, be a stock broker,etc. Infact, get more than one stream of income. *dont put your eggs in one basket.
Remember I stand to be corrected. Readers air their views

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Am totally in support of this"Invest more, spend less and save less "

Thanks, I really appreciate

You're welcome

Wonderful write up with punch lines of applicable wisdom! Kudos @sammyswt

Thanks @brightfame, steemit is the best place to share ideas

Wonderful write up with punch lines of applicable wisdom! Kudos @sammyswt

This is a great piece of reminder. Investment opens up a new avenue for building and sustaining a new source of income

Despite all I taught you during the webinar. Now @cheetah is here! Be warned! Don't bring Shane to #Euronation or you exit the group with gracefully

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