Saving and investing are not the same thing, but like peanut butter and jelly, they work together to create a winning combination. So why does it sometimes feel like saving and investing are at odds with one another?
If we’re looking at it with a critical eye, we can see they’re two sides of the same coin. In many cases, you can’t do one without the support of the other. And if one were to falter, the other would hopefully be there to pick it up!
Saving, for its part, ensures you have money available to invest in your financial future while making sure the bottom doesn’t fall out in the case of an emergency. And if you’re patient, investing could serve as a type of souped-up saving strategy, allowing you to grow wealth over the long term. Together, saving and investing can establish a path for you to begin, maintain, and boost your financial strategy. No matter how you look at it you can’t invest without saving.
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Is it possible to become a millionaire? With time, patience, and diligence, you could eventually have $1.5 million for retirement* and enjoy a better financial future!