What is the difference between savings and investment?

[Kingsley]

There is a popular saying that goes thus; Investments can make you rich, while savings can make you poor, this is absolutely false, the thing is "Saving is an Investment, but an investment isn’t saving.” and I am not talking about saving in your regular banks oh because saving in banks in this day and age will make you lose a chunk of your money in and charges and account maintenance charges,

Savings helps you make money while investing MIGHT help you build wealth
The basic difference between Savings and Investment is just the Profit margin and risk factor..
So this simply means that Savings can be called investments, but investments cannot be called savings.

Investment is what really brings about in increase in asset and wealth of anyone who is ready to take risk. Savings on the other hand can also disappear if not well maintained or channelled into something relevant.

What's your take?

 

[btaliat]

When you save, you do it for many reasons which may involve to invest later. The only difference is the motive. There are some people who save and later use the money for investment. Investment is pulling your money on some particular projects with the aim of yielding multiple folds of your initial capital. While saving is keeping money aside for specific purposes.

 

[Chibson]

Of course there is a clear difference between saving and investment. Like I have always said do not invest all your money or save all your money. You need to invest some percentage of your income and save some inorder not to go bankrupt when the investment goes the bad way.

 

[sincerem]

Saving is different from investment scheme. If you're saving, it means you have a target and you want to reach that target within a specific duration of time. You can save money for future emergencies, or uncertainties that might need urgent call for finance needs, you'll simply delve into your emergency saving funds and solve the need. But in investment is not like that, you invest into any profitable scheme online or offline to reap the reward when the value have appreciated or when the contract duration is reached.

 

[Sammyesx]

Saving is setting aside money you don't spend for a particular period of time for emergencies or for a future purchase. ... Investing is placing your money on something specific be stocks, mutual funds or real estate etc with the expectation that your investment will make money for you. Investments usually are selected to achieve long-term or short-term goals

 

[Abigael]

I undestand saving to be pitting aside some money with a plan of buying something specific with it or just for emergencies. On the other hand, investing involves putting your money somewhere with a plan of earning some profits from it. Here you could invest and work or just invest and earn passive income.

 

[TOZZIBLINKZ]

There is a striking interchange importance of the two financial activity of saving and investment and most of the times saving and investment cannot do without each other. The reason we said this is because money from our savings can be used to facilitate our activities of investment and also money from investments when our investment turn out to be legit and fruitful can also be used to facilitate our other activity of saving for the future. When we save money we prepare ourselves for future activities such as unforeseen occurrences and untold circumstances and also we prepare ourselves to the engage in any investments that will turn out to be legit and worth engaging into.

The only difference between the activity of saving money and investing money is that when we save money we are preparing for the future but when we invest money we are looking for ways to harvest more money. And one of the similarities about the financial activity of saving and investment is that they are based on monetary terms and activities.

 

[Johnson2468]

Saving is the act of setting money aside in bank accounts for a future expense or necessity while Investment is the process of investing your money to purchase assets that increase in value over time and offer high returns in exchange for taking on additional risk.
Savings are different from investments in that they are frequently deposited into bank savings accounts or fixed deposits. On the other hand, investing entails purchasing assets that have the potential to gain value over time, such as stocks, bonds, mutual fund shares, real estate, gold, and so on.
The main difference between investing and saving is the motivation behind each. Short-term savings can be done with little research and are used for purchases and emergencies. Investments are undertaken in order to accomplish larger objectives like increasing wealth, paying for education, purchasing a home, etc. They frequently call for extensive planning as well as market research.

 

[Ithedicious]

Personally , I believe that investment and business is the only way that could make someone to be richer and for you to attend the desired financial height you are always dreaming to.
I have come to understand is that government will only limited you to a certain amount of money at the end of the month and if you are not able to utilise that money perfectly to come out with something more reasonable you may end up not being able to have a comfortable life , that is why business and investment is the most important thing.

I will suggest business first as the most important thing then followed by investment because as long as your business is generating you profit you can easily invest in any form of investment without much stress on you financially.

To be able to achieve all this thing, it is something that must be a huge passion in our heart.

 

[Rubz]

Saving is totally different from an investment. There's a big difference between both of them. I see saving as the act of storing money and other valuables in a bank or any other facility for future use. When saving, one may or may not get an interest. Even if one gets an interest, it would be very small like the interest rates bank give out when one saves in the bank. While and investment is the process of putting money into a business for the sole purpose of making profit. The main aim of an investment is to yield profit. The only case where one might not yield profit is if one invest in a scam program or if one invest in high risk investment platforms like forex trading or crypto currencies.

 

[Augusta]

Savings and investment are two different things though the both involved money. saving is all about keeping aside some money which can be monthly, weekly, daily or quarterly so that you have a financial backup when you you need it in the future. We know that the need for savings can't be overemphasized you would have been able to have money set aside for the rainy day

Another good thing about saving is that you would always be liquid as you have money to use at any given tike than to go borrowing.

For investment it is about putting yourself into any project that will yield profit. if you know that you need profit from a venture then it is good to invest into profitable portfolios like real estate, investing in shares, buying bonds and other assets. This is more like looking for ways that your money can start working for you.

 

[Sotherefore]

Saving money and investing money are ways a lot of people are keeping their money to be used later in the near futurem . The reason why many people prefers investment is because of the fact that investment is much more profitable and a certain percentage increase will be added to your capital after a certain period of fixed time .

Personally I like investment because of the fact that you can earn a lot of money along with your main capital rather than just saving the money in the bank. The major issue is that so many investment opportunities are not trusted and as such individual that are interested to invest must be careful not to fall into the hands of dubious investment company.

So many people saves money but in most cases there is no interest that will be added into their savings even if this has to stay for a longer periods of time.