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Every successful investor must begin by understanding the difference between saving, investing, and speculating. If you get those confused, you run the risk of losing a lot of money.
Luckily, this brief but informative (and funny!) video will clear it up for you. Put simply:
Save to protect your money.
Invest to grow your money.
Speculate to gamble your money.
Of course, there's more to it than that, so press "PLAY" and enjoy.