Whenever anyone brings up the topic of financial goals for either your retirement, rainy days, or leisure activities, there are always two paths that are worth considering. Saving or investing? No doubt, having to pick between the two is a difficult choice and it requires every individual to scrutinize their plans for the future as well as their current situation.
One thing’s for sure, though. There is no absolutely right or absolutely wrong answer, so there’s no black and white answer. The path to your goals might be different from the person standing next to you. Alternatively, even if you and someone else follow the same approach does not mean you’re reaching for the same target.
With that in mind let’s look at the difference between the two approaches!