Transcription: Many people use the terms saving and investing interchangeably. They believe they are investing as long as they're putting money aside for the future. But there is a big difference between the two, and a sound financial portfolio will contain savings and investments. Savings are part of current income set aside to meet upcoming or unexpected short-term needs in the future. Savings are made with no risk expected. Investing is money set aside from current income for future future long-term needs, but with an assumption that risks are to be expected in order to achieve greater return potential.
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