Saving Vs Investing, Which one should you do

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Saving Vs Investing, Which one should you do?
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Saving on its own is kind of futile, you can
spend money now or save it for the future. You
can either be poor now or you can be poor later.
It makes no difference
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Like Robert G. Allen said How many
millionaires do you know who have become wealthy
by investing in savings accounts? I rest my
case.
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Of course, its not like we should never save
our money, saving money is important because the
future is uncertain and you dont know when
youll be in need of money. So its good to have
some extra money for those rainy days in the
future.
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Like I already said saving on its own is never
going to make you wealthy, even if you are
really good at it unless you have a really high
paying job. On the other hand, you cant really
invest if you dont have any savings to invest.
So saving is a necessary part of that equation.
The big picture of how this works is that we
need to save some money to make an investment
and by investing we can grow our
savings. Investment and saving are connected with
each other. Doing one without the other makes no
sense.
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When you hear the word investment you probably
think of stocks or bonds. You might have no
idea how to get started with that and you may
feel that its really risky. If you also have
less knowledge of it or you are a beginner then
you can read our informative blogs to clear all
your doubts and it will also guide you about the
stock market investment in a better way.
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How To Get Started?
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Its good to understand that both saving and
investing are important but it can be awfully
hard to get started, you may have no idea where
to invest your money or how much money to the
same.
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First of all, you cant invest without saving so
to invest you have to start with saving. You
need to start by setting a little bit of money
aside every month so you can eventually
accumulate enough to actually make a
substantial investment.
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The next thing you have to do right away is to
start planning your investment because if you
will not plan then youll probably put it off
definitely, youll start procrastinating on it.
So you need to make a plan of what you are going
to invest in, how much you are going to invest
and when you are going to do that.
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Now if you have saved enough money and you know
where youre going to invest in and how much
you are going to invest in, you can make the
decision.
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Saving and investing are incomplete without each
other and they are futile on its own.You cannot
become rich just by saving your money in banks,
you have to invest it somewhere whether its
shares or mutual funds or whatever to increase it.
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According to me the best way for investment is
in stocks but for many people the stock market is
like a foreign language, they hardly know much
about it and they dont want to risk their money
in it. Nobody wants to risk their money in
unprofitable stocks which leads to losses. To
prevent your money from getting wasted, you can
consult a stock market expert advisor who will
guide you and help you get maximum return on
your investment.
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