Savings and investments are two distinct things. Although the two are used interchangeably, they are not the same.
Savings are the amount of money you set aside for future purposes while investments are the money you set aside for future purposes but with the main aim of increasing returns and amassing more wealth after a later time.
Purely, financial goals and the level of financial operation determines what to do—save or invest? Findings show that savings may worth less due to inflation, but investments can cover their price. Investment is a form of money that aims at earning more, so if you are looking forward to earning more than what you are saving for, then investments are the better option.
What distinguishes investment from savings, and what makes investment better? Here are 9 benefits of investment
1. The Returns on Investment are Large
The returns on investment—although not too …