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What surprising thing you learnt from this

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HOW TO GET RICH - RICH DAD POOR DAD BY ROBERT KIYOSAKI ANIMATED BOOK REVIEW

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Get the book here: http://amzn.to/1PUcNz0 Get any FREE audiobook of your choice here: http://audibletrial.com/fightmediocrity If you want a suggestion for the free audiobook or for reading a book, here's FightMediocrity beginner's reading list: http://fmediocrity.com/reading-list/ Follow on: Facebook - http://www.facebook.com/FightMediocrity Twitter - http://twitter.com/fghtmediocrity

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This video explains how to budget, save, spend and invest to make your life better.

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How to Invest: Budget Your Savings, Spend, and Investments | Phil Town

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This video tells a story of a fisherman who started saving and investing to increase the economy of the island he lived on and also to make his life better. He had to make some sacrifices but by that he got some savings and ideas to make his life better. Similarly, there is a story related to the current time where two friends on getting job do different things with their money. One lives a luxurious life and does not save, other friend saves and invests his money and at the end when they both loose their job the friend who saved and invested ended up having a secured and better life. So this video shows us the importance of saving and investment to have a better life.

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💰 How is Wealth Created | Savings and Investments

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This website is from Ontario securities commission. It explains different topics like invest, plan and manage, life events, how to protect money and calculators. In the investments it helps you understand the investment options and investment risks. It also gives you overview of investment recovery and investment policies. Under the plan and manage it explains about saving, budgeting and managing debt. It also has calculators for compound interest, RRSP savings etc.

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Welcome to your new GetSmarterAboutMoney.ca

Free, unbiased financial tools, videos and more. Brought to you by the Ontario Securities Commission

Beginning your investing voyage

Thinking of plunging into investing? Stay comfortably buoyant with resources to help you navigate both calm waters and currents.

Ready to start investing? Ask yourself a few key questions before diving in.

5 min read

Investing offers a way to potentially grow your money in a different way from savings.

4 min read

If you are considering investing in stocks, bonds or any other investment
product, you'll want to understand how they work.

6 min read

Spot and stop scams

Anyone can become a victim of fraud. Stay one step ahead by learning to recognize and avoid scams.

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Check before you invest

Always confirm that a company or person you're looking to invest with is registered to sell investments or give financial advice.

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Inflation and your household budget

When prices rise, concerns about your finances may also go up. Check out our tips to tackle the cost of inflation.

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Curious about crypto?

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Join our crypto chameleon on a tour of GetSmarterAboutCrypto.ca. You'll see all the shades of crypto assets from the rules and regulations to stories about crypto frauds.

Emergency fund

Having a small emergency fund can alleviate major stress. Putting a few dollars away each month can help you prepare for the unexpected.

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Make better financial decisions with unbiased and independent financial tools, articles, calculators, worksheets and other financial literacy resources.

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This website "investopedia" explains you what is investment and its relation with economic growth and speculations. It also explains what is investment banking and TD direct investing. There are videos too on this website which would help you understand investments and savings better. This website also has other interesting topics like bitcoin, small business, retirement, ETF's etc. It also has a academy in which you can enroll yourself for courses like investing for beginners, cryptocurrency for beginners.

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What is an 'Investment'

An investment is an asset or item acquired with the goal of generating income or appreciation. In an economic sense, an investment is the purchase 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.

BREAKING DOWN 'Investment'

The term "investment" can refer to any mechanism used for generating future income. In the financial sense, this includes the purchase of bonds, stocks or real estate property. Additionally, a constructed building or other facility used to produce goods can be seen as an investment. The production of goods required to produce other goods may also be seen as investing.

Taking an action in the hopes of raising future revenue can also be considered an investment. For example, when choosing to pursue additional education, the goal is often to increase knowledge and improve skills in the hopes of ultimately producing more income.

Investment and Economic Growth

Economic growth can be encouraged through the use of sound investments at the business level. When a company constructs or acquires a new piece of production equipment in order to raise the total output of goods within the facility, the increased production can cause the nation's gross domestic product ( GDP) to rise. This allows the economy to grow through increased production based on the previous equipment investment.

Investment Banking

An investment bank provides a variety of services designed to assist an individual or business in increasing associated wealth. This does not include traditional consumer banking. Instead, the institution focuses on investment vehicles such as trading and asset management. Financing options may also be provided for the purpose of assisting with the these services.

Investments and Speculation

Speculation is a separate activity from making an investment. Investing involves the purchase of assets with the intent of holding them for the long term, while speculation involves attempting to capitalize on market inefficiencies for short-term profit. Ownership is generally not a goal of speculators, while investors often look to build the number of assets in their portfolios over time.

Although speculators are often making informed decisions, speculation cannot usually be categorized as traditional investing. Speculation is generally considered higher risk than traditional investing, though this can vary depending on the type of investment involved.

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An investment is an asset or item acquired with the goal of generating income or appreciation. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth.

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This website is launched by conference board of Canada. It explains that saving would have a great impact on making the economy stronger in future as well as people saving more can have a secured retirement. They also highlight the role of a financial advisor in increasing savings. So if you hire a financial advisor you would be able to save more money for your retirement than people without financial advisors.
FINANCIAL ADVISOR===MORE SAVINGS===STRONGER ECONOMY.

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Ottawa, September 22, 2014 -Higher savings levels would boost Canada's economic potential over the long term as well as making Canadians better prepared financially for retirement, according to a Conference Board of Canada report released today.

"The financial readiness of Canadians entering retirement is worrying, given evidence that suggests many individuals are not saving enough for their future after they leave the workforce," said Pedro Antunes, Deputy Chief Economist.

Highlights

Higher savings boost long-term economic growth as well as preparing individuals for a more secure retirement.

Households with a financial advisor are more disciplined and accumulate higher savings than those without.

An increase in the number of households using advisors could boost the size of the economy by more than $2 billion by 2060.

A 2012 Center for Interuniversity Research and Analysis of Organizations (CIRANO) report found that households with a financial advisor are more disciplined and accumulate higher savings than unadvised households.

"By helping individuals have the discipline to save more of their income, a financial advisor is able to increase savings rates. Higher savings will help Canadians generate adequate retirement income, and increase the funds available to reinvest in the economy," Mr. Antunes said.

To assess the impacts of an increase in aggregate household savings, The Conference Board made the assumption that 10 per cent of individuals who are unadvised today would get a financial advisor, and increase their savings to the higher rates of those who do receive financial advice.

In addition to helping better prepare Canadians for retirement, the report suggests that at least a portion of these additional savings will be invested in Canada. This investment, over time, helps increase economic potential, which translates into additional profits, wages and tax revenues. Thus, an increase in domestic savings can have far-reaching long-term implications on our economy through its ability to lift investment and income.

Results from this hypothetical scenario show that:

A larger stock of savings is accumulated, resulting in increased investment income available to retirees, thus improving Canadians' financial readiness for retirement.

Real gross domestic product (GDP) is lower for the first few years of the forecast as the higher rate of savings cuts into consumer spending.

Real GDP impacts are positive in the long term thanks to increased investment. By 2060, real GDP is $2.3 billion above the base-case scenario due to a lift in productive capacity and higher consumption as accumulated savings are withdrawn during retirement.

Potential output is higher over the long term, representing a permanent increase in income and profits in the economy.

Watch Pedro Antunes discuss the role of financial advisors in increasing retirement readiness and the implications for the economy.

The research, published in Boosting Retirement Readiness and the Economy Through Financial Advice, was financially supported by the Investment Funds Institute of Canada (IFIC).

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Good Advice: Increased Savings Produces Economic and Societal Benefits

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Ottawa, September 22, 2014 -Higher savings levels would boost Canada's economic potential over the long term as well as making Canadians better prepared financially for retirement, according to a Conference Board of Canada report released today.

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This image tells us that to develop a strong economy it is important to develop employment, savings and investments.

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This image tells us that saving a little bit would also contribute in increasing your money

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On this wall you will find that how decision of saving and investing affects the overall economy.

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On this wall you will find that how decision of saving and investing affects the overall economy.

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Role of saving and investing in helping overall economy.

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Role of saving and investing in helping overall economy.

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This image tells us that savings and investment at the same time improves your finances as well as helps improving overall economy. So, save and invest and become Richie Rich.