09:23 23 September 2013
A financially successful person always knows when exactly to invest and when to save. But the decision to go either way is very difficult, and many things have to be taken into account.
Of course, as regards investments or savings, the solutions differ from person to person. Generally speaking, the best thing for your financial health is to both invest and save money at the same time. But that is rarely possible for most of us.
Let's take a look at some things to take into consideration before taking this very important decision.
If you are not sure about taking risks but still want to have the opportunity to earn more money in the future, then you can really try to both invest and save at the same time – of course, you will spend less on each of them, but you will have the comfort of knowing that at least your savings bring a secure profit, while your investments could bring much more profit in the future.
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