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Why save and invest your money

You probably have big plans that you want to achieve.

Whether it’s buying a house by the beach, the car of your dreams or a backpacking trip around the world, all of these projects require money.

You have 3 solutions to get this money:

This solution takes time, and depends on your income and the amount you need.

Invest your money . Making your money grow through yield investing is a great way to build financial wealth.

Make a credit . You can use the loan to help you finance such projects. However, remember that borrowing costs money.

In this article, we will explain the different options available to you for saving and investing.

Summary

Saving and investing: two different strategies

Invest to make your money grow

Profitable types of investment

How to invest in profitable investments

Saving and investing: two different strategies

Investing money is a different concept than saving.

An investment represents the placement of a certain sum of money (which you cannot use temporarily) with the aim of generating a return on investment, ie more money.

On the contrary, saving represents the placement of your money in a  savings book  (easily usable) with the aim of accumulating savings to be used later, but without the objective of generating a return on investment.

Save before investing your money

However, it is essential to have savings before investing your money because you will need a minimum of savings to start investing.

To do this, you just need to save regularly.

However, saving is not easy for everyone.

If this is your case, don’t worry, we’re here to help because we know how difficult saving each month end is for most of you.

There are simple solutions to fix it. You just have to know them and apply them.

Guide 1

In our guide “ Saving on a small salary: action plan ”, we give you an action plan to follow to save money even on a small salary.

Guide 2

The article “ Saving money every day: 9 tips ” gives you our top 9 tips for saving today and not tomorrow.

Guide 3

If you want to prepare well for your retirement to take advantage of these beautiful years of rest, we advise you to read our article “ Saving for retirement: the best strategy ”.

Guide 4

Finally, if you would like to see a list of our top money-saving tips, head over to our “ Top Money-Saving Tips ” page.

You will have access to more than 100 tips for saving in all areas: food, energy, transport, leisure, shopping, subscriptions…

How to save your money

The savings account is the easiest and most secure way to put your money aside.

Their main advantage is that you can put your savings aside without risk.

However, they currently pay little because interest rates are low.

Some savings accounts and passbooks also allow you to have access to your money at any time in the event of an unforeseen event or if you need it to finance your projects.

How to invest according to your profile

Once you have savings set aside, you can invest to make your money grow.

You can start by investing 100 euros or even 500 euros , depending on your budget.

The questions to ask yourself to invest according to your objectives:

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