While most people will already know that there is a difference between investing and saving, the reality is that this is a fact that will not be known by everyone. Of course, everyone knows what saving money is and what it does – it allows us to put aside funds for when we really need it, or when we want to save up for something.

People enjoy earning money through a variety of means – such as gambling online. Those who play on these sites can earn money to put aside, but this does not necessarily mean that this is a sustainable way to save money for everyone.

People fall into the trap early on when they take some money out of their income and put it into their savings account and leave it there in the hopes that it one day grows. While this will happen, the amount that is received in return can prove to be pennies when investing is concerned.

For people who are looking to grow their money slowly, investing can be a great way to allow someone’s money to work harder without them having to constantly monitor it. In essence, this is exactly the difference between investing and saving – while saving is a safe way to put aside money, investing is a riskier way of growing it passively.

Of course, those who want to one day end up with great wealth will need to know how to invest as the earlier that a person starts, the better. Once this notion is considered, it is interesting to think why schools don’t teach young adults about investing at all, given that the best time to start investing is as soon as people start to earn money.

There is no doubt that in this society, those who one day want to be rich will need to do the relevant research themselves as learning how to invest is not something that will just be given to people who don’t want to learn how to.

The first thing that people will likely struggle to overcome is the fact that investing can take years before satisfying ROIs start to be seen. This is because most investments are volatile and can take years before they settle down and start to steadily grow in value. The same can be said for new investments too, of which, Bitcoin is a great example.

The reason why this particular investment is so volatile is that it is still a relatively new technology. This means that people have a hard time figuring out whether it is useful enough to be used widely in the future, or whether it will simply fader into obscurity.

Weighing outcomes such as this is the basis of making any investment, and people will always need to do their research before deciding as public opinion is never a good basis to go off.

In the words of Warren Buffet, no one wants to get rich slowly. If people can understand this, then anyone can grow their money slowly by investing and eventually end up with sizeable wealth.