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Yes, don't save, invest instead

The school of thought that savings lead to wealth is unyielding. From the economic pedestal, saving is supposed to contribute to a pool of money where investors, industrialists and those who engage in economic activities can borrow. PHOTO: COURTESY

In business classes at university, the take-home message is that a culture of saving is the gateway to financial freedom. However, nothing can be further from the truth.

The school of thought that savings lead to wealth is unyielding. From the economic pedestal, saving is supposed to contribute to a pool of money where investors, industrialists and those who engage in economic activities can borrow.

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