WHAT IS YOUR PICK, INVESTMENT OR SAVINGS?

-
On a starting note, both savings and investment have one thing in common. They both help a person in accumulating money. They are both concerned with the putting away of money for a period of time Saving simply is all about keeping your money aside for future use; basically the money is just kept somewhere, not that it is used or lent to someone, and assumed to be useful on a later day. Investment on the other hand refers to the act of committing your money (not money alone at all times, time, energy, resources) to work or to be used for a purpose with the hope of getting it back at on a later date, getting back the actual amount invested and a profit/gain. Savings may or may not be gathered on the due date with interest depending on what system of saving was employed. For savings, if at all there would be interest, it usually is somewhat low and little. While investment actually carries an appreciation which can be high when investment is done wisely. There is no risk of losing money while saving whereas there is high risk of losing money while investing. There is high liquidity in saving and low liquidity in investing. Savings are majorly short-termed or in foreseeing emergencies; investment is somewhat of a long-term. While saving, you are not acquiring anything, you are just keeping your money to prevent or reduce unnecessary spending; while investing you are acquiring assets no matter how little. Saving is saving ranging from having savings account to money-market accounts wherever or however you are saving; investment differs as there are different forms from stocks, bonds, mutual funds etc. Savings is easy while Investment is harder. Savings is not expensive; Investment could really be expensive depending on what the investment is based on Savings are of different types and can be grouped in this manner: personal savings, emergency savings, retirement savings, savings for certain projects such as school, building, and others. Investment is also of different types, some of which are growth investment (shares, property), defensive investment, cash investment, fixed interest investment. Savings might though seem for everyone but the truth is not everyone has the saving mentality; some people literally believe there is no need to save and they should just spend and live as they can, following the statement that tomorrow will take care of itself. Investment also seems not to be for everyone as some people are just not in luck with investing in something even when every other person is thriving in that thing; they are always affected by the high risk and sometimes can even get depressed when things does not go as planned. Pick your lane. Choose what works for you. For savings and investment, you do not have to follow the crowd. Be yourself. Do not be pressured into getting involved with any. By Akinleye Grace Oluwabusola @grace_akinleye

Comments

Post a Comment

Popular posts from this blog

Top 7 Ways To Hold On To Your Dreams

-
By:   Deborah Brown Have you given up on your dreams? Would you like to get them back? Many of us give up on our dreams. Often our dreams slip away without our even realizing it. Our dreams are who we are. They give us an incentive to get out of bed everyday. They are the reason we were born, and our destiny to fulfill while we are here. They are within your grasp. And yes, they can come true. It's up to you to decide if they will. What can you do if you've given up on your dreams? Follow these easy steps: Remember you are worth it. You deserve to live your dreams. Recognizing this is the hardest and most necessary step. Most of us think that only other people get to live their dreams. Only other people are lucky enough, not us. We think we don't deserve it but the only thing these thoughts do is keep us from moving forward. Remember that your dreams are important. Once you know how important living your dreams is to your health and mental well being, then yo
Read more »---->

5 Secrets to Achieving and Maintaining Work-Life Balance

-
Image
1. Be open about your needs.   I believe that the first thing people need to do is identify what truly matters to them and communicate it. Don’t hide it and don’t expect others to guess what makes you feel balanced and fulfilled. Do you need to leave work at 5 p.m. so you can have dinner with your family? Do you need to step away at 12 p.m. to attend a yoga class? Whatever your sweet spot is you need to find it and be transparent about it. Employees need to have an open dialogue with their managers and managers need to understand what works and what is possible. Different jobs require different approaches, but everyone can benefit from having an open and honest conversation about what balance means. 2. Respect boundaries.   You cannot achieve your balance if you don’t respect the boundaries you have put in place. It will be hard in the beginning but you need to stick with it so you develop a routine and drive a culture and lifestyle of predictability. You will find that there is
Read more »---->