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Money Saving
Correlation between saving and investing
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[QUOTE="Abigael, post: 228773, member: 25357"] Saving and investing are two very important actions to take for sure. But it seems that investing is the best thing to do if you want to gain wealth and grow rich. Investment is what most rich people do, the take the risk and end up earning good profits. But most poor people fear taking risks. Saving is very important for everyone's financial stability. Therefore, people should fully embrace it. Especially having a savings account for emergencies. That will save you alot when accidents and abrupt illnesses happen. Moreover, it is great to have insurance covers for your health, life and properties. Investment is an important form of saving. When you invest, you increase your streams of income and that can make you so wealthy and financially stable. In this economy, you cannot depend on just one source of income. You need to have several streams of income in order to live a comfortable life. And investment gives you just that. So as you struggle to save money, make sure that you also invest some of it so that it can earn you passive income. Hence you increase your streams of income and live a life that you afford most of the things you need/want. [/QUOTE]
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