Both investing and saving mean you're setting aside some income now for the sake of your futures.The difference is saving usually means putting money in the bank... while investing means you buy stocks, bonds, mutual funds, that sort of thing. Your savings money is a sure thing...and perfect for short-term goals -- like saving for a nice vacation -- or redecorating your dream home. But investment money is better for long-term goals. It's money you're willing to risk in the market, believing it will grow and multiply...and make little baby dollars in your account. Don't you love the smell of new baby money?
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Duration: 1m 26s
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