When you go to the casino and put $100K on red on the roulette that's speculation. When you use the $100K to go to college and get an engineering degree that's

When you go to the casino and put $100K on red on the roulette that's speculation. When you use the $100K to go to college and get an engineering degree that's an investment. There's no guarantee your investment will yield a reward but there's a better probability than gambling (let's just say better than 50/50 for that matter). An investment is putting money towards something that has a good probability of yielding a return, be it your education, renovating your house, a new car, shares in Coca Cola, or US government bonds.