Wow it's indeed a great day sitting with my friends to discuss as we got into some argument on saving, investing and trading..
There is a slot of misconception around this three, in other to figure it out will like to begin with what they each meant;
SAVING
Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs. In terms of personal finance, saving generally specifies low-risk preservation of money, as in a deposit account, versus investment, wherein risk is a lot higher; in economics more broadly, it refers to any income not used for immediate consumption. Saving does not automatically include interest.
According to wikipedia"https://www.google.com/url?q=https://en.m.wikipedia.org/wiki/Saving&sa=U&ved=2ahUKEwjtj4mXkfiBAxUyVkEAHSszACkQFnoECAEQAg&usg=AOvVaw1ip6zh_wwRlXnZD0g2MiT_"
INVESTING
Investing, broadly, is putting money to work for a period of time in some sort of project or undertaking in order to generate positive returns (i.e., profits that exceed the amount of the initial investment). It is the act of allocating resources, usually capital (i.e., money), with the expectation of generating an income, profit, or gains.
One can invest in many types of endeavors (either directly or indirectly) such as using money to start a business, or in assets such as purchasing real estate in hopes of generating rental income and/or reselling it later at a higher price.
Investing differs from saving in that the money used is put to work, meaning that there is some implicit risk that the related project(s) may fail, resulting in a loss of money. Investing also differs from speculation in that with the latter, the money is not put to work per-se, but is betting on the short-term price fluctuations.
TRADING
Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold strategy. Trading success depends on a trader's ability to be profitable over time.
It's take a level of discipline for greatness
You must have a guiding principle as one desire and work towards greatness.