Difference Between Saving Money and Investing Money - Franklin Templeton India
Franklin Templeton India
2017-09-11
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Ever wondered what is the difference between saving money and investing money? Watch the video which explains the difference between the two and also how the money you saved loses value over time. Understand how to invest money in good investment plans to beat inflation and secure your future. It’s time to be smarter about investing and making your money work for you!
So you’re a pretty hardworking person. You earn reasonably well, are content with your comfortable lifestyle, and even manage to save about 20% of your income every month. SAVINGS!
Now fast-forward to your retirement. You open up your savings, but what have you got? What, that’s not as much as you hoped for, and definitely not as much as that colleague of yours! But what went wrong, you wonder. He worked as much as you did, earned the same and saved the same! So why the massive difference in retirement funds? Well, the difference is that while you kept saving your money, your colleague was busy investing his!
Savings are the raw material and Investing is the process one must go through to get the yield. So, how to invest your savings? A person has to begin with savings and then invest those savings in appropriate investment options to reach the next level. But what is this next level? And why is it important to take savings there?
This level is needed to account for inflation. So how to save more money? By investing of course. It’s true! Investing can help channel your savings towards a definite direction and purpose, so that years later you could achieve your goal of creating a corpus for her medical education
A very important factor to remember, for converting savings into investment, is Discipline. A matter of mere dedication – saving & investing regularly and religiously over a long period of time. Try to be extremely judicious when spending money and invest your savings keeping a goal in sight, and a definite deadline to achieve that goal.
Following are some points to remember:
• Savings is money that is left after accounting for expenses while investing is the process of growing this money
• Inflation can be tackled by investing
• Control expenses so to generate savings and invest those savings wisely and appropriately
You can read more about this here:
https://www.franklintempletonindia.com/templatedata/gw-content/article/data/content-international/en-in-retail/investor/beginners-guide-chapter2-_io04og31
View more such videos in the playlist Franklin Templeton Academy:
https://www.youtube.com/playlist?list=PLpDLpRd877mRvP2fuzG7Bby1cwuLQ6i3W
Invest in Mutual Funds with Franklin Templeton.
Official Website:https://www.franklintempletonindia.com/
Facebook:https://www.facebook.com/FranklinTempletonIndia/
LinkedIn: https://www.linkedin.com/company/3676/
Instagram: https://www.instagram.com/ftiindia/?hl=en
Twitter: https://twitter.com/ftiindia?lang=en
So you’re a pretty hardworking person. You earn reasonably well, are content with your comfortable lifestyle, and even manage to save about 20% of your income every month. SAVINGS!
Now fast-forward to your retirement. You open up your savings, but what have you got? What, that’s not as much as you hoped for, and definitely not as much as that colleague of yours! But what went wrong, you wonder. He worked as much as you did, earned the same and saved the same! So why the massive difference in retirement funds? Well, the difference is that while you kept saving your money, your colleague was busy investing his!
Savings are the raw material and Investing is the process one must go through to get the yield. So, how to invest your savings? A person has to begin with savings and then invest those savings in appropriate investment options to reach the next level. But what is this next level? And why is it important to take savings there?
This level is needed to account for inflation. So how to save more money? By investing of course. It’s true! Investing can help channel your savings towards a definite direction and purpose, so that years later you could achieve your goal of creating a corpus for her medical education
A very important factor to remember, for converting savings into investment, is Discipline. A matter of mere dedication – saving & investing regularly and religiously over a long period of time. Try to be extremely judicious when spending money and invest your savings keeping a goal in sight, and a definite deadline to achieve that goal.
Following are some points to remember:
• Savings is money that is left after accounting for expenses while investing is the process of growing this money
• Inflation can be tackled by investing
• Control expenses so to generate savings and invest those savings wisely and appropriately
You can read more about this here:
https://www.franklintempletonindia.com/templatedata/gw-content/article/data/content-international/en-in-retail/investor/beginners-guide-chapter2-_io04og31
View more such videos in the playlist Franklin Templeton Academy:
https://www.youtube.com/playlist?list=PLpDLpRd877mRvP2fuzG7Bby1cwuLQ6i3W
Invest in Mutual Funds with Franklin Templeton.
Official Website:https://www.franklintempletonindia.com/
Facebook:https://www.facebook.com/FranklinTempletonIndia/
LinkedIn: https://www.linkedin.com/company/3676/
Instagram: https://www.instagram.com/ftiindia/?hl=en
Twitter: https://twitter.com/ftiindia?lang=en
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