I want you to understand that saving and investment are some of the fastest way to the top, and saving is just the first step of the ladder of investment. But any money that stays too long in savings account will catch up with inflation except that savings has a guaranteed return
An investment with a certain rate of return and no chance of the default. Although various investments for example, savings account or blue chip stocks meet these requirements, a treasury bill is the most common example of risk less investment. Risk-free investment have such low level of risk that it may be ignored.
By putting money to work with risk-free investment is the right decision. You will not only increase your savings, but will also help those in need.
There are things you should do and you must do or they will comeback to hunt you later in life. A good savings culture is one of them. No matter how rich or poor you are today, your condition tomorrow will only be determined by your today’s savings and investment.
If you generate a good saving model as you go through your working years, you will find it easy to maintain your retirement age which is sometimes very demanding.
In accumulating savings, you start reaping returns from your savings through investments. This saving into investment require a good knowledge in specific timing in order to profit from this methods.
A savings account that does not at the end of the day mature into investment will not profit you because the small interest per annum make no sense when compared to annual inflation rate.
It is a proven fact that investment is the secret key to wealth. Investment is the commitment of money or capital to purchase financial instruments, in order to gain profitable return in form of interest, income or dividend
Make investment a habit. If you don’t reinvest what you have, you are not creating opportunity for money to be reproduced. The truth is that once money is idle it depreciates in value. It is only investment that can secure your future. All the “I don’t have money” Potential investors and all the “My money is too small” potential investors have no excuse because when your money is not satisfactorily enough to invest, you squander it in one frivolous expenditure or the other and expect to get more money. It can’t happen that way.
More money is only obtained by those who plant their money little by little into savings and later transfer such savings gradually into profitable investments. In the law investment, there is nothing like I have too much money. If you think the money is too much, put it into investment so that others can start earning a living from it.
Money in an investment cannot be wasted. Until money is invested, it can never do work.