What role does saving and investing play in achieving my financial goals?

Saving and investing play a crucial role in achieving your financial goals. Saving helps you accumulate money for emergencies or for larger expenses in the future, while investing allows you to grow your money over time through various financial instruments such as stocks, bonds, mutual funds, and real estate.

By regularly saving and investing, you can build a strong financial foundation that will help you achieve your shortterm and longterm financial goals. It's important to have a clear understanding of your financial situation, your financial goals, and your risk tolerance before deciding how much to save and where to invest. A financial planner can help you create a customized plan based on your goals and risk tolerance.