Investing is seen as a way to generate better returns on your money by taking on a certain amount of risks. If you do not earn a huge income that can multiply your money fast, investing is a great way than putting your money in the bank especially considering the current situation.
With many Banks having a lower interest rate right now I think what’s important is to know that your emergency savings have been set aside, you don’t want your remaining money to erode with the low interest rate that the bank is offering.
If you can start investing early there is this thing called compounding interest and it is what will make your money grow in the long term. So compound interest is the addition of interest to the principal sum and it is the result of reinvesting interest rather than paying it out so that interest in