Cast versus parse

Question

I\'ve read a few related questions regarding this topic however none of them are making sense to me. As I understand it, in some cases you can use cast and parse interchangeably

Answer 1

Casting : is conversion of an object from a similar datatype; like from int to double or from decimal to int. Casting does not create a new object, It will only assign a reference of one datatype to reference of another datatype, only if its assignable.

Parsing : Parsing, on the other side, is converting from one data type to another, like from string to int for example. This Creates a new Object, and returns reference to it.

In a nutshell, Casting will not create a new object, but deal with the same object reference, whereas parsing create a new object, and doesn't touch the old object in any way.