055: M.C. Laubscher: Wisdom Wednesday: Saving, Investing, Speculating and Gambling

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In this episode I discuss the concepts of saving, investing, speculating and gambling. There is a lot of misinformation about these concepts in our society and financial media, but what do they really mean? In our discussion, we find that a lot of people that think they are saving, are not saving but investing unknowingly and possibly even gambling.

It is extremely dangerous not to know the difference between these terms and concepts and really important to know exactly when you put your money in a savings, investment, speculative or gambling vehicle.

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