Well, many of us didn’t realize that saving is actually investing. For me, saving is just a sum of money that I feel the need to keep it, rather than use it. Regardless whether I put it under the pillow or in a bank.
I never see my saving is some sort of investment vehicle, until I read this argument, which is make sense to me.
The thing is, they’re overlooking the fact that they’re already investing that money. Simply having cash in a savings account is an investment! Investing simply means that you’re utilizing a resource that you own or control with the intent of having that resource provide additional gains to you (or to someone else). Loaning $20 to a friend who is very thankful and promises to pay you back is an investment. You’re utilizing a resource you own or control (the $20) with the intent of having that resource provide additional gains to you or someone else (helping a friend through a pinch and perhaps accruing some social capital for yourself)
As simple as that. You choose to put your money on hold, when you have temptations to spend and spend, to achieve better financial goals.