Final answer:
The speaker plans to answer three questions to help the audience become better at managing money: how to develop the habit of saving, the difference between saving and investing, and the concept of compounding savings.
Step-by-step explanation:
- How can you develop the habit of saving? Developing the habit of saving requires setting goals, creating a budget, and practicing self-discipline.
- What is the difference between saving and investing? Saving involves putting money aside for future use, while investing involves using money to purchase assets with the expectation of earning a return.
- What is the concept of compounding savings? Compounding savings refers to the process of earning interest on both the original amount saved and the accumulated interest over time, leading to significant growth in savings.