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A Guide that tells you about the Importance of Saving & Investing

Most of the people are using the terms saving and investment interchangeably. However, they are not same. For that matter, they are two wheels of the same cycle – generation of wealth. The financial products which help us to save and invest are different too. In this article, we will look at the importance of saving and investing the money.

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A Guide that tells you about the Importance of Saving & Investing

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  1. A Guide that tell you the Importance of Saving & Investing

  2. An Outline of the Contents: • Definition of Savings • How to Save money • Importance of Savings • Definition of Investment • Tips to Invest money • Benefits of Investing • Conclusion

  3. What are Savings? The act of controlling your expenses and putting money aside on a regular basis is called Savings.

  4. How to Save Money? Do the following: • List your Income on a sheet. • List your Expenses on the same sheet. • Categorize the expenses with their priority levels. • Think of ways to avoid expenses which have low priority. • Check the sheet again how much you have saved.

  5. Importance of Savings Why to save money: • Makes you financially Independent. • No need to take Loans and pay interest to Financial Institutions. • Helpful in Emergency times. • Lead a Stress-free life.

  6. What is an Investment? The process of using your money or capital, to buy an asset that you think has a good probability of generating at or above market returns over time is called Investment.

  7. How to Invest Money? Tips to Invest Money: • Start Investing at an Early age. • Define your Investment Objectives. • Research thoroughly before investing. • Understand/Analyze the risks involved. • Determine your Time Period of Investment.

  8. Why to Invest? Benefits of Investing: • Helps you Create Wealth. • Makes you Financially Secure. • Make you Reach your Financial Goals. • You will get some Tax Benefits.

  9. When to Invest? Lets see this step by step: • I think you have already listed down your Income and expenses as stated in slide 4 of this PPT. If not, Do it now and prioritize your expenses. • Keep the fund aside for the High priority expenses (Eg: Home loan, Car loan, House Rents, Grocery Bills etc.) • Cut-off the Low priority expenses and save that money. • Once you reach a healthy amount, Start Investing according to your financial goals. But Where? Continue to the next slide.

  10. Where to Invest? Smart Investment Options: • Real Estate Investing (Provides Long-Term Security) • Mutual Funds/SIP • Gold Investments • Bonds • Equities/ Shares • Cryptocurrency

  11. Conclusion Remember, Saving and Investment are two powerful tools in your hands that can help you to build a financially secure and independent future. Use these tools wisely and enjoy the journey of Saving and Investing. “Do not Save what is left after Spending, but Spend what is left after Saving” - Warren Buffett

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