Ask Leo: Does savings and investment helps to expands your tentacles financially

What is savings?
Savings refers to the money that a person has left over after they subtract out their consumer spending from their disposable income over a given time period. Savings, therefore, represents a net surplus of funds for an individual or household after all expenses and obligations have been paid.
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What is an investment?
An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth.
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There is no doubt that through savings and investment it really helps to expands and increase your tentacles financially.
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When money is save,it is save from the excess you have for unforeseen circumstances or with the aim of using it to do something bigger, also it can be used to invest which makes it possible to increase your sources of income.
When you have different source of income it helps to increase your tentacles financially and this can be done through savings and investment.

Just imagine someone who doesn’t save and doesn’t invest life will be difficult and it will very difficult to increase and expand financially.

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