Investment is better than saving. If you saved money in bank, the bank will lend out your money to her customers and make huge interest on it and gives you nothing from the profit made. But if you invest the money by yourself, you will make profit and your money will increase fantastically. However, before going into any investment, make sure you have the required knowledge and experience in such business.
what good get you richer fast between investment and savings?
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Alexandoy
VIP Contributor
It is obvious that you will never get rich with the savings especially if you put your savings in a bank. The very minimal rate of interest is like a consolation only and not really an addition to the funds. With investment you can get rich if you get lucky in stocks or even in forex. You can also try real estate if you have a bigger fund. However, there is also the risk of losing and you can lose all your money when you invest it.
Victor001
Active member
Savings don't bring you money only prevents you from losing or taking risk, Investment put your money into use but is not guaranteed to give good out come. But if you need to grow in business you need to redirect your savings to investment and the returns from investment can be saved for future investment and the cycle continues.
Investment is better than saving money if done wisely. Not every investment is good. Not every investment is a wise investment and not every investment is worth it. When you invest wisely, your chances of success will be high and you don't have to put all your eggs in one basket. Diversify your investments. On the order hand, you don't invest all. Save some money too in case of urgency.
Obviously investments will get you rich. Being rich means you have enough, it means you have what it takes to enjoy your life, it could be money, lands, properties or anything at all. When you save, you don't become richer, you are still at the same level because the money is not increasing rather it even depreciates because you will eventually spend from it.
Abee111
Active member
When people save money,they want it to be saved and maybe they want to use it in a time to come.But to save money just without you going to need it in short time to come is not profitable.it will just be there adding nothing to the amount you saved.
But when you invest it, you are going to achieve from it by getting the reward of your investment and you can still in other businesses to bring more income.
But when you invest it, you are going to achieve from it by getting the reward of your investment and you can still in other businesses to bring more income.
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Deleted member 27126
Guest
It is good to save your money, very good indeed but the fact of the matter is that it is better to invest. Investment gives you the double opportunity which is savings and accumulation of your funds at the end of the investment period. Investment goes a long way in helping people achieving financial freedom compared to savings. I personally used to do more of savings before but right now, I do much more of investment because it pays a lot than savings.
Ozigba Richard Lamai
Active member
Investment is just like multiplying your phone multiplying your savings money that you have in your savings but savings is keeping your profit for the use or for future expenses, it is more profitable to invest than to save, that is why every business man you rather invest than to accumulate money in his savings you as a business man should know that investing more is like multiplying your wealth and when you keep multiplying your money, you keep having more money to save without investment there is no service.
Samuel72
Verified member
According to my own point of view as a well experienced business man I don't believe saving can make you Rich fast the best thing and only thing that can make you Rich very fast it's investing when you invest in a good business you begin to receive income. There is a possibility of investing in a business and you continue to receive income for the next 50 years, but when it comes to saving you only save what you have and saving money in the bank does not make your money to increase
Emmatyking
New member
There are plenty of benefits to saving rather than investing. First, the dollar amount you save in a savings account won’t decrease over time as long as you don’t make withdrawals. This is important because some goals need to happen regardless of whether investment prices are up or down.
Saving rather than investing also allows you to reach your goal on time as long as you save the proper amount each month. Take the total you need to save and divide it by the number of months until you need to reach your goal to find the amount you need to save each month.
Saving rather than investing also allows you to reach your goal on time as long as you save the proper amount each month. Take the total you need to save and divide it by the number of months until you need to reach your goal to find the amount you need to save each month.
Adetayo100
Active member
Only investment can get you rich in a very short period of time, savings is like enriching the bank because the money is not yielding profits for you, it is only beneficial to the banks at that particular moment. With investments you are sure enough to have something to fall back on incase every other business plan fails you.
Highflyer
New member
I prefer investing my money to saving. When you save your money, you only get a paltry sum as interest and the money is just lying fallow in your account. Only investment can make you richer, saving your money will not. However while investing ensure that you only invest on credible platforms, if possible avoid online investments and go for stock and shares.
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Deleted member 28873
Guest
When people save money they are usually trying to play it save.most people do play it save all there life time and do end up amassing a pretty good amount of money.Investing your money is a 50:50 chance of failure and success but with proper research and strategy you could move it to about 5%failure and 95%success that's a nice deal for any one.Saving is setting aside money you don't spend now for emergencies or for a future purchase. ... Investing is buying assets such as stocks, bonds, mutual funds or real estate with the expectation that your investment will make money for you.
Saving up your money in a place would never make you richer. Your money will not move I mean they'll be no gain or profit. But when you invest you can be sure of having good profit once the business you involve in can generate the profit well enough. So it's best to invest into something that pays than stacking up your money
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Deleted member 30343
Guest
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Deleted member 30343
Guest
Saving does not make you get rich, because it is limited, you can not get more than your savings, but if a person invest in a reasonable business he or she is likely to earn unlimitedly hence will get richer in due time
Prettybabe
Member
How can saving make you rich? Saving has never made anyone rich.
Take a look at the rich men you admire so well, none of them multiplied their wealty by playing it safe. You have to go all in.. and investment is the way to go. Though you have to be careful where you invest
Take a look at the rich men you admire so well, none of them multiplied their wealty by playing it safe. You have to go all in.. and investment is the way to go. Though you have to be careful where you invest
Doradorwa
Opportunity seeker
Good-Guy
VIP Contributor
I am not sure why you think thatsaving money will necessarily make you a wealthy person. What you can do is save money and then invest it in a profitable business. I do agree that investing in a business has a 50-50 chance of earning profits and losses. However, it is wise to invest your money in a kind of business that will most likely bring you profits.
Kingsley
Valued Contributor
Yeah it quite obvious that savings is just a process of adding up wealth or storing up worth mostly in terms of cash, over a period of time to achieve a certain purpose or project. But it is very obvious savings cannot grow on it own without the help of investment. So on the basis of the fact that savings depends on investment, I will conclude that investment is more better.
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