Josemendez
Verified member
investment and saving are most times compared together as one ,however there is a great difference between the two method of earning .
With savings one basically secures what he has earned , and such action barely add value to the person's worth . It's advantage is that it can be used to solve unforseen problem.
But with investment , the earned money that was invested reproduces itself over and over again .
This is why the rich are getting richer , because they will keep reinvesting their money on new sources .
Reno Omkri once said ,that money that has never reproduced itself is not worth spending , and I quite agree with him .
We should thus think more if investment than saving
With savings one basically secures what he has earned , and such action barely add value to the person's worth . It's advantage is that it can be used to solve unforseen problem.
But with investment , the earned money that was invested reproduces itself over and over again .
This is why the rich are getting richer , because they will keep reinvesting their money on new sources .
Reno Omkri once said ,that money that has never reproduced itself is not worth spending , and I quite agree with him .
We should thus think more if investment than saving
