Saving is putting money aside for a specific goal and timeframe, like a house deposit. Investing is about growing wealth over the long term, so that eventually your investments can produce an income for you.

In this video, McKern financial adviser Kristian Tangan explains the difference and why investing is not gambling. Investing is a planned process that matches the amount of risk you take to the return you're aiming for, based on your risk profile. Gambling has no risk management: you either win or lose the lot.

In this video

00:15 The difference between investing and saving

1:20 The risks of investing vs gambling

General information only, not personal advice.