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Savings vs. Investing

There’s a difference between saving and investing.

Investing is about trying to increase your money. It involves more risk than saving, but it is possible to make a lot more money. This can be a good decision for long-term goals.

Investing is:

  • Used for long-term goals
  • Spending money with the expectation of making profit
  • Risky, but can make you a lot of money

Saving, on the other hand, can be a safer and slower way to grow your money. This is a good way to store money for emergencies or short-term goals.

Saving is:

  • Used for short-term goals
  • Low return (your money may grow slowly)
  • Less risky than investing
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