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Distinction between spending, investing, and budgeting.
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[QUOTE="kayode10, post: 324558, member: 26899"] It is very important for someone who wants to have a good control over their finance to be able to differentiate all those things you mentioned in your post. As you all know that spending is to use the money you have with you to acquire something you desire. Investment on the other hand is something you put your money into with little effort that brings inconsistent profit for you. Investment require research and ability to choose the model that suits your lifestyle and the income you desire. There are so many investment someone can put money into but it is very important to do due diligence first before anything. You tried to check if it is a real business check for more information on the internet and I asked people around before you put that your money. The best thing is to have multiple stream of passive income to fund the lifestyle you desire to live. An average adult should have nothing less than four sources of income so as to stay above the inflation and cater for the lifestyle you desire. If you are thinking of kind of investment you can put your money into, I will advise you to go for real estate. You can also invest in precious metals and cryptocurrencies. [/QUOTE]
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Distinction between spending, investing, and budgeting.
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