"The difference between the rich and the poor is that while the rich invest the poor saves so they are majorly distinguished by investment and savings."
                                                        Balogun O. Matthew
     
     Knowing that there are times and season people, nations needs to know when to invest or save. The main question is, in this cogent time of covid-19 should people be saving or investing?. A wise man will think and read his way out of poverty so kindly read and think of what to do next! because the rich before playing their cards will do some intellectual evaluation of thinking (IET) when and how to invest or save!
      
 "Rich people see every naira,dollar,euro as a ‘seed’ that can be planted to earn a hundred more....… then replanted to earn a thousand more naira,dollars, euro but Poor people see naira, dollar euro as money to trade for something they want right now."
                                                         Balogun O. Matthew

    Adeolami sometimes feels like she should be investing, but she is intimidated and kinda afraid. What Adeolami doesn’t realize is that she is well on her way to growing her wealth because she already is saving on her own and she is taking steps to learn about investing. when you were listening to the evening news and hear reports that the stock market had a great day, do you find yourself wishing you were investing? If so, you’re probably not alone. Only few Nigerians invest in the stock market.
 
Evaluation between Investing vs saving

If you deposited #2,000 in a savings account at 3 percent annual interest, it would grow to #3,612 in 20 years (before taxes). The same #2,000 invested in a stock mutual fund earning an average 10 percent a year would grow to #13,455 in 20 years (before taxes).

Investing and saving often are used interchangeably, but there is a difference

INVESTING: Is the purchasing of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.

SAVINGS: Is setting aside money you don’t spend now for emergencies or for a future purchase. It’s money you want to be able to access quickly, with little or no risk, and with the least amount of taxes. 

"Warren buffets said; invest is to put your money to work while save is to put your money to rest"

When it comes to building wealth, time is much more powerful than the amount you invest or even the returns you earn. But it also matters where you put your money. Adeolami has her money set aside in a savings account at her bank that pays a 0.06 percent interest rate. 

Investing Fights Inflation: Because of inflation, the same items you purchase today will cost more in the future.
Even though Adeolami is putting away money on a regular basis, is she beating inflation by keeping her money in her bank’s low-interest savings account?  The answer is NO!. Why no because the rate of inflation is constantly changing — over the past 10 years, the inflation rate fluctuated from as low as 0.1 percent to as high as 4.1 percent, but has averaged higher than 1 percent. So while Adeolami can take advantage of interest compounding as she makes a plan for her new investing strategy, her money is not growing at a fast enough rate in her savings account to beat inflation. In other words, her money is losing purchasing power.

NB: Investing is important, if not critical, to make your money work for you. You work hard for your money and your money should work hard for you. As it happens, the bank is certainly not breaking a sweat paying you to keep your money in their vault. The onus is on you to put your money to work
 
Importance of investing 
  • Investing of time in studying helps in acquisition of knowledge that's productive
  • Reach your financial goals
  •  Support others
  • Be part of a new venture
  • Start and expand a business e.t.c
START INVESTING NOW!!! FINANCIAL FREEDOM IS YOURS BY SO DOING.