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Correlation between saving and investing
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[QUOTE="Kendy, post: 228763, member: 63869"] The relationship that exists between saving and investing is that, they both share the same aim which is to actualize a purpose. At times, people do frown at the act of saving money in the bank as they consider it a waste of resources because it does not grow or add substantial interest. Before an investment can be made, it passes through the act of saving. Without money that was saved either from your personal banking or from loan companies, a business idea or investment cannot be brought to reality. Savings is a pathway to have an investment. Presently, I have a target to start my proper savings from next month so I can start up something for myself by first acquiring both an offline skill and also an online skill. Investment is only achievable when you have some savings to utilize this is why the culture of saving money should be harnessed. There are many people who would want to save money but there is no financial ability and no hopes for investing. This correlation exists because they are both rooted together. There is no one which is superior than the other because the both serve their different purposes. [/QUOTE]
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