Why You Should Save And Invest Money URGENT VIDEO! Financial Education | Bharat Bhushan | Mike Tyson
Why You Should Save And Invest Money URGENT VIDEO! Financial Education | Bharat Bhushan | Mike Tyson Saving money gives you a way out of the uncertainties of life and provides you with an opportunity to enjoy a quality life. Putting aside a sum of money in a systematic manner can help you steer out of many hurdles and obstacles in life.
When you save, you are usually able to pull that money out when you need it (or after a period of time). When you invest, you have the potential for better long-term gains or rewards, but also the potential for loss. You risk more in investing for a larger return, but your potential loss can be large as well.
If your goal is to multiply your savings, you need to invest it so that the interest or profit you earn is higher than the rate of inflation. Thus, to become wealthy, all you need to do is invest to beat inflation and do it regularly over time in line with your financial plans!
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