Bitcoin Forum

Get Money - Save money - Invest money.
Follow the cycle and don't stop half way.

Get Money- Popular opinion is that you need money to get money, any contrary opinion?
Once you have started getting money the next objective should be how to get more.

Save money- To save money is good, another popular opinion to support this is that , the money you save today will save you tomorrow.
The problem however results when you just keep saving money pointlessly without any plans on how what to do with it, The worse of all is saving money in fiat banks, that money will loose value in no time at all.

Invest money- This for me is the last stage in the cycle that creates more money for you to be able to get more money. More money betters ones opportunities.

Follow the cycle, don't stop halfway at saving money.

This is even lose money because fiat will lose value like you said.

Fiat? That is no
Bitcoin? That is yes. But better to study the market, know the history before investing.
Gold? That is yes. It is the save haven.
Business? That is yes

What is most important is to never hold fiat in bank.

In wealth creation, there is no alternative to investment as a way to grow your money, most importantly good and profiting investment instead stock pilling money in your bank account that will yield little to no interest the fastest way to become more wealthy is to invest the money in lucrative ventures and projects that have future guarantee profits. Investment as the last stage of the circle makes the whole sense to attain financial freedom one needs to make a good investment.

If I save/invest my money in fiat, I rather use a compound interest deposit which is the best solution. Or if I invest in bitcoin, better I invest x% of my money, deposit it to paper it and forget it to somewhere. I feel compound interest deposit has more "real" usage than when I invest in bitcoin and of course, the value of bitcoin is already high I think so it's hard to get 1000% profit now

In saving, you're practicing the discipline on how to become responsible with the hard earned money you've got. It's actually a good start if you're not an investor yet you're starting to make sure that your money is well spent.

And being an investor, it is being learnt in the process when you've come to understand that your money sleeping in the bank isn't going to multiply by just being there.

That's how you're going to be open in investing but, don't listen to all people that suggests specific platforms where to invest because as an inexperienced investor, you may fall to scam investments and that's why before investing you need to make your own analysis and research where it's good to invest.

In my experience many people stop at the saving stage of the cycle that you've pointed out. There is a massive lack of education and a (very real) fear of the risk that comes with investing in the next stage. However it's kind of a paradox, because the longer you invest for the more your risk goes down. Like many things in life, consistency is key as if you keep investing the same amount each month you will be able to get through all the peaks and troughs in the market to get the average in the end. That average market return (which should ideally be an all-share accumulating fund) will be better than any savings rate you'll find at a reliable bank and is what everyone should be researching.

This is the most important stage in the life of human. You have to think of how to invest the money you have so that in the future you can fall back to it. This stage deserve more careful not to invest wrongly. Many people have failed in this stage because of wrong decision and investment that didn't bring profit.

Impossible thing to be done by most people unless if they would really be holding through cold cash into their own room or vault.Doesnt matter on which way we do able to earn our money but much sure that

people would still end up on storing up their cash or fiat into banks whenever they had accumulated too much.Some might really be considering out on crypto form but for sure security and trust isnt something

that would really be that common for most people specially towards crypto.Into those words above then yes it could be possible but actually its not something that easy to be done by someone.

You can also add the option GIVE, because its really good to help other people as well even if you are not that successful yet, because the more you give the more you can get when good karma hits you.

Anyway, have a budget on this or a plan about the percentage on where to put your money, don’t just save its better if you know how to diversify the money that you get properly. Those who have plans and strategies always succeed on this, plus their endless commitments so they can achieve their success.

Save while you can, invest while you can, and never push yourself to do both when there is no need. You need food, you need clothes, and you also need fun and that's why you need to meet your needs before saving and investing.

It's true that that way we will have a good hope of making a profit in the long run (depending on what investment assets we have), but we shouldn't do it just for the money because actually we still need to invest for health in the long term.

I personally hold some fiat in the bank, I have that much in my bank but I store some for my personal bills like subscriptions. To be honest banks are just too convenient to use, But I make sure not to put a lot of money in my bank because taking a large amount from banks is a hassle in my country, I've been flagged before just getting about $8,000 usd at once in my  account, It's a bad experience. I'm using banks now just for convenience. I save money by purchasing asset such as gold, I consider gold as a stable asset not an investment btw. Most of my assets are in crypto and It's been growing since, That's why I consider my crypto portfolio as an investment.

Investments doesn't guarantee any return, its risky and you have to consider that before doing your investment.
Its just like putting up a business that you can't know either it will succeed or not so there's always a risk.
We should always have the plan, how to get the money, and how to invest it because if there's no plan you can't make it, so start with the very basic and be more consistent.

Saving and investing will always save us from future's uncertainties, but it does not mean that it should always be our top priority. We have to cater first our basic necessities and health priorities before jumping into saving and investing. And when we think we are financially stable enough, then we can start saving and investing. The process may be tough and hard at the start, but as long as you enjoy each processa and milestone in your life, then success will always be possible in the end.

The basic need of knowledge about the trading will be learned.Before of investing of huge money,you need to save in your bank accounts.Without saving of huge funds,you can’t inverse in big project.Based on the money you had invested,you will get profit from it.If you had invested huge amount of the dollars,the profit percentage also increased.Then the amount of profit also increased.

Saving amount is the only money that you could really able to do so after all those expenses and need you would really need to prioritize.Its impossible that you wont really be putting emphasis into this area

since this is the thing that needs for us to survive and if we do have chance to save up or do have extra then thats the time we would really be making out such decision to save up whether
for emergency or for investment purposes later on.

If you do know on how to roll those funds for investment then you could possibly able to look for another source of income or would be supporting aside from your salary with your main job.

What the thread creator says is fine for those who have no idea about personal finance, but it is very basic. The only thing I would add is a point about getting rid of debts, especially consumer debts, and especially if they have a high interest rate, such as credit card debts. I would not recommend investing with credit card debt at 20% interest.

well, this simple scheme will actually lead us to success if we really pay attention to it. however, many people who get profit from their business, but they don't know how to save it properly, and eventually end up in bankruptcy. a lot of people can make money, and save it, but keep it with Fiat, well, we know that the value of the currency is getting less and less, so, it's totally right to misplace it 100%. So, get some profit, save some and invest some, I think it's a very good way for now. although there are still many things wrong with this way, such as investing in the wrong place, but if we look into it, then we may find the right way. To be honest, I am currently starting to implement this scheme, but it is very difficult to do and takes time.

I agree, majority has a debt to be cleared of and those that can't go on with their next chapter and can't save that much are those that are in debt. There are folks that even they can't bear and pay the debts, they're still making use of their credit cards so the interest are compounding and that's a bad debt.
With what businessmen does, they're acquiring good debts because it's helping them to have additional capital for their business but this isn't for everyone.

Sometimes you can get money without money and therefore you should not be restricted to get money - save money - invest money to get more money.
As for the ways to earn money, it does not stop at the job or hard work, but you can earn money the more information you have.
Save money is the hardest part because today's culture is consumerism par excellence, and who cannot save money will reduce the return on investment in the future.
As for investing, it is the part where you have several options.

Zero arguments, but all of this cycle will not start not end without some good traits. As investing is not about making the right decision or in the right direction. You have really do need a laid out plan, strategy, discipline, consistency,ambitions and drive else above mentioned makes no sense, you need too apply some guides and orientations...

Be it simple or compound or whatever interest it is, that does not change a wolves to be a sheep. Fiat is fiat, no matter the saving type you used, you will already be losing as the fiat devalues. Definitely the government in conjunction with the central bank will reduce fiat value.

The fiat will increase in number as per the interest agreement between you and the bank you invest, but the value of the total money you invest plus the profit made in years will not have the buying power of the total money you invested, which means that it is loss and the banks are just using the interest to deceive because it is not what is happening in real life.

Knowledge is the power that we need. Many have money but don't have investment knowledge or plan to grow the money. I think the best form of saving is investment, if you invest your money it begins to work for more money meaning your capital is still there available (as money you suppose to save) and has accumulated more profit on it. Not holding money physically but saving it through investment is a good business knowledge.

OP,you sound like one of the "make money online" gurus,who is teaching really basic stuff(common sense),but it's being presented as some kind of deep and groundbreaking wisdom. ;D
You sound like the guy,who says to a homeless man "Don't have a home?Just buy a house." ;D
Don't have money?Just get money-save money-invest-money. ;D
The real problem is how to make money,not how to save and invest them.A poor/unemployed person doesn't care about saving/investing,because he doesn't have money to save and invest.

Saving aren't pointless and there is no specific plans on how to spend it required for you to start saving because basically savings are supposed to be for emergency purposes. You'll never know when will you get sick and temporarily halt your business or monitoring your investments because you're in a hospital care and that fund you have saved will serve it's purpose while your profit is temporarily halted.

A wise financial advise would be, always have a separate allocations for savings and investments.
Once you have emergencies, you don't need to get everything from your investment profit because you have emergency funds.

I think it's also good to highlight the various means one can acquire the money we are talking about, we can't just keep on insisting on getting the money because there are many means one can derive to get money both the good and the bad, i will suggest few means one can adopt to source for financial aid:

engage on menial jobs
solicit for help from family or relatives
develop a skills that can be saleable
discover a problem and provide a solution

And lastly, i will suggest not to ever engage in taking loan for a crypto startup, because the risk their could be a great challenge especially when you don't know much about how it's been done.


We cannot advise people to invest money just like that, on what are they going to invest on?

We have to understand the difference between an asset and a liability in this regard, bitcoin is a good source of an investment for an adequate store of value if used as an asset, try to avoid many altcoins (shitcoins) because they resulted to fake projects at the end and the risk involve is higher than the benefits to get there. Therefore bitcoin is most recommended in this aspect of digital currency while real estate and gold could be an alternative for physical asset investment.

Well, I agree that you need money to get more money.
On the other hand though even you have the money, you will only get more money if you know how to grow that money you have.

The worst part is you are saving your money in fiat for no reason.
I have been saving fiat money in my bank but it has a reason why I put some on my bank account. It is my emergency funds if something bad happens. The problem with some bank users is that, they are putting their money in their account for no reason. They don't know that inflation is eating their money and how much is the interest of a bank? Here in our country the average is around 1% per annum which is insane.

I don't know what my life is right now if I didn't learn how to invest. I might still be depending on my 8-5 work.
Crypto is the reason why I learned how to invest. It is the reason why I'm into investing right now. Because of crypto, I tried to learn to invest into other assets like stocks and bonds etc. Rich people have investments either stocks or business etc. and no employee became rich just because of working from 8-5 so investing is the key to financial freedom :D.

There is nothing wrong with saving money as long as you have purpose into it but the worst thing to do in your life is to not invest at all for the long term.

Do not forget to Take Profit after Invest Money so you will have more money which will give you ability to Get Money and Save Money.
Yes, the process will be like that for the investor and will not stop.
Saving in the bank will not give you big return in the future but if you save in bitcoin, you will have the opportunity to get big return in the future.
It is about how to open your mind to use the other option to make more money.
The more opportunities you have, the more you can make money.

Money is like a messenger. It delivers the exact message it is sent. It's a typical example of garbage in and garbage out. Getting is the first step in the money cycle, I think  investing is the second then save so you can  invest more. Saving is like tying down funds and once a fund is tied down it might be spent on something else other than investment.

Instructions unclear: put everything in shiba.

This is superficial but I do love the idea of helping others.


And see yourself broke in no time  ;D.

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I can add no more to OP's statement.  If we follow the cycle he suggests, and become successful on the third phase, we can hit financial freedom for sure.  Both the first and the last phase is the hardest part of that cycle so we better put a really hard thought on how we will approach them.

What the OP stated is the basis of financial management where these steps are safe play.

In life we need money for the necessities of life, and the next step is to manage money after we get it. Everyone knows this, but not everyone can save and invest.

Great in theory and bad in realization.

After you get money, do you think you don't have any daily expenses e.g. food, transportation, maintenance, health, and medicine if you sick. The thing is most people doesn't earn a lot money, they only earn for his daily life and doesn't have anything left to save. Even after you save your money, you'll faced many problem and it force you to use your save money. Now talking about invest money, investment doesn't always increase and you'll panic if the market goes dump.

It is true that the majority of people already know the steps mentioned by the OP are ways to make us safe in life. Because it's a basic step that
has often been explained by economists, motivators and also our parents. But the problem is that people rarely carry out these steps correctly,
there are many reasons why people don't take these steps. There are people who have a high lifestyle, eventually their income always runs out
and cannot save and invest. There are also those who have very low incomes, and that makes it difficult for them to save and invest, because they
don't have enough for daily expenses. And lastly why people don't save and invest, because they lack knowledge and education about how to manage
income wisely.

It means to return to ourselves, if we want to be successful people and have a bright future. The key is how to manage our income properly. Actually,
whatever our income, if used properly, will definitely be able to make our lives for the better. So it's not a big or small matter of income, but how
do we manage the income we get wisely and correctly.

You have a point, it's great in theory, but when it comes to the realization that can be a hard task! The ones who have extra cash can save/invest, but many can't allow themselves to think about that! Most people don't earn enough for basic needs,  and when someone is always short with money how can he even think about saving/investing anything! Even harder for them to invest in for the long run! They are not in the situation to wait patiently!
And I guess we all know that saving/investing is usually the best when it's for the long run! Short-term investments and quick profits are risky, and making a profit in that way requires nice capital, and I guess many poor people don't have basic knowledge about these things!

Savings can be difficult for many people especially when the demand of their needs is equal to their income, even if one tries to saves it is not certain that if problem comes that requires money one won't run back to the savings to temper with it. This plan of save and invest works for those who are having good amount of income,  they can save money and not going after the savings at anytime soon, they can think of making investment without any stress.

In my opinion, this is basically what venture capitalists do. They first figure out a sustainable way to get the money and keep getting it.



Then they do what I call  "temporary hodling". Because they know that their money is useless in the bank, they hodl temporary in whatever form until  they get a good pitch and decides to invest. Then the cycle repeats itself. This my strategy. Although, the investment stage is most critical because one silly mistake and you're back to square zero.

This one is literally should be excluded from the plan of execution. Any money that is sitting in your bank account is just going to make bank richer and richer everyday. With the inflations at its peak and central banks imposing higher business interest rates in rebate, we gonna make them rich and our money is going to be slaved.

All we get back is 4% or max 5.xx% if person is senior citizen and he has no idea what the heck he is going to do with that much interest money. Lolz.

The worlds changing faster, we need money to work for us and create multiple income sources. Share markets, stocks, bonds, MF's, there are so many things really! Wanna save? Save into them!

The only way that you could make a profit is if you earn more fiat in a single year than the inflation shows. Which means if the inflation is 7% and to make sure you are doing great lets add a bit more, if you make 20% return then it is not that bad.

This is why I am not against staking some of the stablecoins as well, because it could be providing a good return, but usually not enough to overcome inflation so I do not do it personally but understand the ones who do it. On the other hand crypto both goes up in the long time and you stake it so you have more of it as well, combine the two together and you could make so much more so why pick fiat?

This is indeed a big problem for some people, they are not unwilling to save and invest. But the problem is that their expenses exceed their income. Indeed, it can still be overcome by saving, prioritizing primary needs and not spending on things that are not so important.
The second problem arises after starting to save or invest, sometimes we have to lose because of a sudden need.

If only it is as easy as it sounds especially for those people classified as lower class. We all know that cost of living in this world is very high and not everyone can afford to save money or even get a job sometimes that pays well. But yeah, I still agree that we should not stop halfway and just keep on getting money, save if possible and learn how to invest wisely because that is our only option to have a better life. Although investing is very hard as well, because it is really hard to figure out whether our investments are right or not, or whether if it can give us a decent return in a few years we should never stop. We should always keep on learning and figuring things out and from there, we can successfully execute those cycle get, save and invest.

earn, save and invest I totally agree with your review, because most of us including myself, are not very smart to save money, most of us are only good at spending money, investing is the best way that we should apply, because today's digital of course we also have to be wise in looking for opportunities, let money work by itself, without having to drain our energy we can also get income.

Not knowing how to save is one of the most difficult things to do in life, but one have no choice just to adjust to learn how to save. Their some height we need to reach in life it is easy to get to that height by savings . I know its not very easy to start saving especially when one is not having much income , it can only be achieved by making good decisions on to spend and be discipline when it comes to money spending.

Earn enough funds so you'll be able to save and when you have enough savings, you'll also be able to allocate enough funds for investment. If you want to invest then you have to make sure that you can handle and manage your funds wisely. One common mistake of some people is that they spend too much and don't save for the future and they just borrow so they could invest. Investment is important preparation for the future so we have to value it.

Kinda sad since most people get stopped at the "saving" part since the money they obtained is basically used to pay whatever bills, food, or debts that they have. Not to mention that even if they save, I don't think they'd invest (they'd probably much rather stash it in their bank accounts or something), a lot of people fear that risk of "investing" since it seems like they're just going to end up losing the entire savings they earned for god knows how long. Not that I can blame them, I was the same at first. Just that I guess I had more opportunities since I was opened up to the "investing" idea  part when I was in late high school. (took me a few years before I was able to invest itself though).

Bitcoin is best savings investment. So bitcoin is future digital currency it any time and any where to use. Easy to handling the bitcoins. But before use the bitcoins Frist you will know the bitcoins information. Bitcoin is furut currency. So this good investment and helpful to future growth
.

This is a good strategy specially for now that btc is on dip there is a big opportunity of big return of profit if we are going to invest today. I see bitcoin is strangling at the 35k$ price however i am still hoping that this dropping of price will not continue and i hope this os only a short correction, buy guys and hold dip is an opportunity we will not loss if we didn't sell at loss.

But in this case it depends on everyone, usually, even though on average everyone always wastes.
this is indeed quite natural because it is human nature which is indeed very difficult to change because wasteful and greedy habits are natural traits that have always been in fact.
It's very difficult to do self-discipline, especially regarding finances

Yes, this is the money cycle in theory, but it is never easy to apply these simple principles that seem so easy when you read them. I will present some of the problems facing the novice investor:
First get the money: It is never easy to get money for someone who basically has no capital, many people stop at the first step because they can't get the money.
Second, saving money: At this stage, a person may become afraid of losing the money that he saved with great difficulty, so he continues to collect money and hesitates to enter into any investment.
Third, investing money: It is also possible for a person to become greedy at this stage, as he enters into losing investments as a result of his greed to achieve great profits in a short time, and in this case he can be easily deceived by SCAM projects that offer him big dreams.

Yeah, it's not that easy as it sounds, it will take a lot of financial adjustments, writing down the bills, how much you are going to pay, and then budget for food etc. etc. and then what's left is for investment.

Unless you are lucky that you always win on your trade and so you have money for another extra investments. But if you learn how to control everything, then maybe you will succeed in investing in crypto space.

Just to add on this very important list, only invest the money that you are willing to lose. Given that the nature of cryptocurrencies that they are volatile, expect that its price may change at anytime without any given notice. Lots of people who joined the bandwagon did not understand the nature of BTC, in which they complained when they saw that their investment decreased on its value within like a week.

Before investing, try to understand the dynamics and the fundamentals of it. Without even knowing what you are investing on, you would most likely suffer at the end and pull-out your investments in the long-run without even profiting.

It depends on how you are saving that money, I mean it is on bank or just put in it crypto and let it sleep for many years?

Yeah, of course it's human nature to used money to satisfy our needs. But if you are that kind of person that look in the future and have a good life for you and your family, then it's better to invest long term.

Many people don't know what is the real investment, they choose wrong and lose their money so in my opinion first of all they should plan and get knowledge about the investment before risking their money into something.

Getting money is the tough task as well, because its hard and it takes lot of time to save enough money.

Investment is the best way for us to increase assets and save time than manual labor. We're all going to age and manual labor won't help us when we're old. But to get the best investments you must first have some savings because investing does not always bring us returns, sometimes there will be losses and then savings will be needed more than ever. It not only helps us to balance our finances in investment and life, but also helps us have a comfortable mentality when investing.

Get money - save money  - Invest money is the way of life. I doubt there are people in this world that Get Money and don't invest in whatever business it may be.
Investment is a wealth building process in which the investor have an opportunity to earn returns to increase his/her money.

Even if you have some fiat savings in the bank is not a bad idea, it is important to have a plan b, besides you still need fiat as it is still the only legal currency. It is better to invest 70% of your money and keep 30% cash in the case of a bad investment. And speaking of which it is important to know the kind of investment, crypto, real estate, agriculture are good sectors to invest.

I think it is a mandatory thing that needs to be done before starting to invest,
investing isn't just about holding coins and then selling them,
knowledge and skills we must have because they are important things and it also helps us make decisions in choosing coins

It's a good thing to follow the cycle, especially the first two which talk about "getting the money", and "saving the money", many people fortunately have the opportunity of getting the money either through a monthly or daily pay job(s). And try to keep savings in case of uncertainty .

But the hard part of it based on my experience with certain person I have come across that had the money is the "invest money part.

Many people have allot in their possession but lack the knowlege to invest rightly. Some don't even know where to start investing into. Others that might have tried investing probably invested into the wrong place and that eventually led to a loss they couldn't bear or forget.

So in as much as we encourage people to invest as to reproduce their wealth we should also not forget to drop advises on how, where and when to invest too. 

Ahh, I think I am on the right track here. Doing the same thing since I started my part time job. Though most of the money goes into my fees and few visits to tourist spots around the country I’m trying a lot to save money. Mostly I’m saving the money in cold wallet by making bitcoin purchase on p2p basis. It’s fair trade to save fees on exchangers and credit card pays on the same. I’m constantly making efforts to get money by doing different chores and forum is great help in the same. I try not to spend any penny which I earn from the forum itself. Rest, I hope I will find some good ways to earn sooner or later. Trying for blog write ups.

Investment is very important, some people don't see it as important because probably their job is earning them good money so they only save money but don't invest.
I always try to invest some part of my salary because of future.
No matter how small the amount, it is good to invest to support your retirement when the time comes.
I have already invest some amount in crypto,  now I want to diversify into properties because they have long term value.

Good money management is the key to future success. with the money we get then we must be good at managing it. I personally will sort it out where there is one for personal needs and one for investment. from this investment our money will work itself, so it will provide guarantees for us in the future. Don't let the money we get we spend and then look for money again, because forever we will continue to live like that

The problem is that it depends on how we respond to life because humans are still in the stage of dissatisfaction and this is still something that is quite difficult to avoid, especially since the necessities of life are getting more and more difficult because of the increase in all fields, especially in the last few years.
This is a factor that must be taken into account as well because indeed sometimes when we have future plans it is also sometimes hampered by the needs of the present

I would put it a little differently. I don't like the word "save". For me, this word is associated with poverty. But the expression "spend wisely" is more suitable. If a person has a goal or an idea for which they are going to save money, then there is motivation. But to deprive yourself of a lot to invest in the future, to be honest, I don’t see the point. No one knows how long your life will last, and depriving yourself of everything, constantly saving, at some point may seem very stupid.

It cannot be denied anymore that the best investment right now is Cryptocurrencies, the investment that is always in the hands and we control completely without depending on anyone, it has been proven that Crypto is an easy way to succeed and rich, so immediately do it now.

No, it shouldn't be as easy as you think because you and other users know that crypto investing is not only about profit but also about risk of loss. It is not good to think that this crypto investment promises profit, success and get rich quick because that is the characteristic of Ponzi investing. Crypto investing is a great way to take advantage of market fluctuations due to supply and demand. The growth in adoption and increasing buying interest have led to investors getting worth it returns.

So, you should not think that crypto investing is a get-rich-quick and easy scheme to achieve success. There are many investors who fail because they do not know how this investment works and also how to secure their investment assets, and there are many traders who lose because they are unable to control their emotions and trading psychology and it must be a fact that these investments and trades do not promise anything even though investors and trader have taken a lot of advantage from it.

I have to agree that there is a good reason why all the rich people got rich by basically either building a business, or just investing into the right business' at the right time. If you want to be rich enough to retire early and all that, then you will be able to do that however you invest, as long as it is good investment for the long future time, then you will be fine.

But, never expect your investment to be as good as starting a new business. Most major rich people became rich like that. I suggest doing this to start, working hard, earning more, saving a lot, investing wisely, but when you reach to a level, start considering starting a job.

investing is the same as saving, now crypto provides the best opportunity for those of us who save money in a bank or in a home safe to take the option of investing in crypto. money invested in crypto can work for us, and can grow more and avoid inflation in our country. Saving for today for tomorrow's needs is a very good financial management, there is no need to splurge if tomorrow is not clear about our financial income.

Not really that bad to be that optimistic but you shouldn't really make yourself to be that too positive in regards to your investment specially with cryptocurrencies because despite on having big potential,you can't really still not able to assure about making profits.Losing chance is still there which means that you can't really have that risk free one.Savings is something that you could get from your investment or something extra which could be possibly used on different aspects.

The presence of Crypto makes it easy for investors to manage assets, if we invest in stocks, there will be many things needed such as the difficulty of selling stocks and exchanging fiat when we really need money, with crypto then we can invest and be free to sell at any time as long as we get profit Or we really need money.

Since you work hard to earn that money, then you should always be skeptical to spend it especially if you are not sure if investing it in a new platform will work or not. That is why we should always DYOR first in every investments we attempt to make so that our money will not go into a waste. Although there's no guarantee in making such investments, but knowing what and where to invest will always lessen the risk of losing our funds.

Well I think you do need money to make money, or to "get money", otherwise how are you going to invest.  But I think one very important piece of information here with what you're saying is the importance of saving EARLY!  There is a massive difference in someone who stashes away a little bit of cash in say their early 20's compared to someone in their mid to late 30's who's saving a considerable amount more.  So lesson here is, save early people..it will absolutely with out question pay off!

I think way more people fail on the second step, after all unless you are already rich most people need to work to get some money, but when it comes to saving many people do not know how to do it, and while in theory is simple, as you only need to spend less than what you earn, many people use their money in a very noneffective way which means they do not have any spare money and they cannot save, which is a shame as investing in bitcoin is probably one of the best decisions that a person could take over the long term.

You have a point, but in terms of saving, there are still people that are having difficulty saving because their money or earnings were just enough for their daily needs. Though there are still people saying that no matter how low your income is, you just need to have self-control. This is also true, but you can only save small amounts of money online compared to others that have a big income. It is easy to save

It's almost impossible to save money when the income is only enough to pay for basic needs, especially when there are more people (family members) dependant on that person who wants to save some bucks every month. In this case, I suppose the solution is to raise the income somehow by going for some extra income side works or tasks. The person will probably feel exhausted, although sacrifices are needed on the present moment in order to acquire some confort and life quality futurely. At same time it's a very important alert for young people to constitute their financial life before constituting their family.

Yes, that's the most important thing. Spend money carefully. If you constantly deny yourself some pleasures, then life will not be interesting. The meaning of further action is lost, a person is simply not interested in further development. Earning money is necessary to live an interesting life. But not to live in order to work.

Investments that are very easy to do with very high profit opportunities are of course cryptocurrencies, even with a capital of less than $ 1000 then we have the opportunity to get big profits in a short time, the most important point in investing is full control and we can sell it at any time.

I think, it will be difficult for people to experience poverty in the community, if they can be able to follow this step which will be profitable to people in the future. Now that the price of coins has decreased to the level people can get a huge amount of capital to buy coins and hold for the price to increase higher before they can sell to embrace profits. I believe this is the time to use the money you saved early last year to invest in a particular project that will bring you a passive income before the end of this year 2022. It will be difficult for people to miss their opportunity because people are fully ready to use a huge amount of capital to invest in this season.

The hard part is getting the money (meaning having an excess you can save/invest). This is coz you need to be making more than the minimum amount of money you should be spending.

The saving part shouldn't be taken to an extreme, preferably you'd only have a certain amount of money left (like 3 months to a year's worth of your expenses) otherwise you are losing money, especially if you are saving that in the bank.

The investment then comes slowly as you become more secure financially.

Yeah, agree, but as what I have stated, you can still save even if your salary is too low, because saving is not about big money, it is also a small one. You can save at least $1 per day, that's a saving, but again, this is like taking years to save a lot of money since you are saving too little. Having a side job is the solution. If you need to find another job, but you know it is still difficult to find a job, having a side job is another option. Then slowly finding another job that suits you

Crypto is an amazing investment innovation, we can fully control all assets without depending on anyone even without anyone knowing, billions of dollars in 1 wallet never make us worry because we can control at any time, let alone the presence of stable coins so as to make crypto assets safer.

Don't be surprised as they are good enough fkr profitability, they can still pose a danger to a great loss on user, the main thing that helps in this situation is to know how to do about it, having a good understanding of crypto price speculation and making good advantage of it by taking good positions.



The amount does not really matters atimes, making profit can be a non deterministic factor because one does not know which end it will fall at by making profit or loosing, and making profit within the shortest period always falls inline with those that go on trading.


yes you're right, but selling at any time could be suitably good enough when the current price is favourable as well, so for times like this one should hodl.

Saving is the best form of investment.
I was told that investment is the key, I took all my savings and invested, the investment became a scam and I returned to square one. Assuming I had the opportunity, I would have saved in bitcoin and leave it there.

I decided to use the language save, because I believe that people that got bitcoin when it was low and left it till today are saving. This is because bitcoin is a currency. The difference is that a bitcoin hodler saves in a currency that has the tendency to appreciate rather than depreciate like fiat.
Now, the refined version of saving is to save in something that appreciates. Now I am a big fan of saving.

I agree with that, also don't forget to prepare your emergency fund too not because you have a target to become more money you forgot to prepare your funds in emergency situation. So when you're investing your investment capital won't get touched when you suddenly need money. Just keep patience and do like what you say and set your mind that our effort won't betray us in the future.

This short post is the Sum of how to be successful. As the money is important to get your needs done, It is also play crucial role to stabilize the whole carrier of your and those around you.
The first step Where Where you struggle to get Money. The best option to fulfill this role is to master your sell in specific skills specially according to current demand of in both physical world and in digital world. Sticking to something you learn in old time but don't have the demand now is not cool at all.

Then comes the 2nd part. Saving the money. I think The best way to save money is to go for Real Estates and Gold. fiat money lose value each day.

The third step is only for those with experience. Going soon after getting money in your hands to invest is not good idea. Think, Observe and then do investing.

I agree with the op, except for me, I go with only -
Get Money
And -
Invest Money.
Yes, I don't save money because saving means I have to keep it in fiat in either my bank or saving box, and like the op said, money saved in fiat losses value faster than we think.
So what I personally do is Get Money, keep that which I need to spend in my bank account or withdraw it and keep in cash, and then Invest (money), that which I need to invest in crypto, money saved can also be invested, so why save it when I can actually Invest it?.

Yes, it’s good to save for tomorrow’s needs, but you have got to have really good plans. You don’t just be saving money simply for tomorrow’s needs, because you’re just going to end up spending your savings on needs that would probably be leading you to nowhere. I make savings, but I always have plans, such as my business and ways I am going to improve. You need think ways to invest your savings so that you will be able to make more and steady income. That’s the reason for savings.

I agree about saving is also a form investment and giving you the discipline on how to handle your money properly. But even if you're a good saver but you lack of knowledge on the investment vehicles to put your money, you're likely to lose it all.

But learning it from the experience, I was also scammed before but it's not all of my money but that experience had taught me a lot of things on how to be wise with my money.

This is right, it appreciates and we all know the true potential of it because we have the idea and we've got knowledge based on it.

When it comes to savings and real needs I still go the old way of managing my current finances. when i get money i make multiple allocations and the one i often use is method 50,30,20.
when I get my salary I save 50% for my daily needs to save my life in the following days, 30 percent for my personal desires and 20% for savings.
when talking about the needs on the other day, actually there was already an allocation of 50% there because that was the initial thing that had been prepared.
as for saving the concept if there is something urgent or for purposes in old age.
when you save only for tomorrow then maybe you need to re-manage your finances

From your explanation of how you manage your finances, I think it's quite inspiring for me to follow, because the amount of the allocation of
funds that you specify for me is quite reasonable. Indeed, in living our daily lives most of our income is used to meet daily needs. So it's not
surprising that we must at least allocate 50% of our income for daily needs. Most importantly, we should not be short of money to meet our
daily needs. If our daily needs are not met, then something is wrong in managing our finances. Everyone certainly has a personal desire to
entertain ourselves from the stress of work that we experience. So there must always be an allocation of funds for us to spend on personal needs.
But I think 30% is too big for personal use, for me 10% for personal needs is enough. So the remaining 40% I suggest is divided into 20%
for savings and 20% more usually I use for investment. With such a financial arrangement I am sure my future can be bright.

Not really that bad if you are really that eager on accumulating on everything which you could possibly able to save up because investment decisions would really be saved for later since its impossible that
you wont really be reconsidering on having one  specially if you do see that you have money to spent on but of course it isnt really that also bad to focus on saving for securing your needs or priorities
which are needed for you to survive on daily living.For some people who are really minding about future and being sustainable then investments would be their main idea.

Are you saving? but saving in bitcoin is not fiat, rather you are investing in bitcoin for the long term. Yes, we should invest in things like bitcoin that can increase in value over time.
Fiat will depreciate if you hold them for a long time but fiat savings will be essential for your investment as well as for your life because bitcoins don't always go up. Currently bitcoin price is down 50% compared to ATH so if you need money urgently for life selling bitcoin now is not a wise choice unless you have been a bitcoin buyer since 2013-2014.

Hustle everyday if you have the chance and before doing everything like this, make sure you have a goal so you can focus where to manifest those energy. Do some research, learn new something and keep learning so you won't stop half-way and party less and hustle big. Choose to stay positive all the time so that your fire won't stop burning half-way.

It's okay to make mistake as long as you learn from it, so keep doing more mistakes due to risking something and not when you know what was coming. Make a strategy on how you would make things easy even though it's hard but planning is always a big help.

True. Our health should always comes first than any other investments that will generate income. Investments can wait. We should always fulfill our basic needs first so we can live life not the hard way. And if we are now capable to save, then save and reserve some funds for investments. In this way, we will never end up regretting in the future.

Maybe we don't mean get but buy, save and invest, if we want to get crypto for free of course we have to follow bounties or airdrops, but if we have money then buying is faster and more profitable, the big potential of crypto is a few days now when the price bitcoin drop is significant hence the best time to buy.

The presence of crypto is the right solution in modern times as it is today, it is time for us to invest and control full without anyone's dependence, when we see the increase then the right time to sell because tomorrow or the day after tomorrow can go down again, and this is the most feasible asset and investment that very flexible.

Agree with what you say because 50% feels big enough for daily needs but on the other hand everyone needs to express themselves. saving is indeed very good but on the other hand we also don't have to torture ourselves for it but of course if indeed the allocation we previously determined is still there, then indeed we also save it for investment in old age as well as for 30% personal desires when we don't If you want anything this month, then we can also move it for investment because this is only an allocation regardless of whether it is fully used or not, the most important thing is that it doesn't interfere with old-age savings.

This is true like for example in gambling when you only depend on the free money that they gave, you can't go anywhere or can't win big but if you will deposit, that amount must be a lot bigger than what the gambling site is giving for free. You will also bet big that way and if you win, you win big too.

If you don't know why you are saving money then it's better if you won't do it but better if you can just spend any amounts you have right away. Not only that you will feel happy, it also won't cause you any stress to think if how you are gonna spend that huge money in you bank if ever you are saving.

But, you must be careful on what you are investing. The more money you invest, can also lead to more losses if you pick up a wrong asset so you must choose wisely. It's okay to stop, halfway, for some reasons but let us try to continue what we have started as long as the results are quite good enough.

This is indeed a very good cycle to keep money, once someone can be consistent in this cycle mode of living life, he/she will find it very easy to live life, because life itself relay on these things.
We need money to sustain our lives that's why we save money, and if we save money without plan, we endup misusing the money because they are not properly saved, that's why investment in good.

If you are investing in trusted high ranked coins then I am guessing that it would be pretty difficult for most of them to end up losing money. I am not saying that it is impossible, but you will not "lose" money if you hold it long enough.

Just to give an example, bitcoin is low right now, so if you bought bitcoin at ATH prices and holding today, you will feel horrible about it, if you sold it at ATH and bought right now you would have double the bitcoin amount. However, that is not a loss if you do not sell it, it is a shame that you didn't bought lower right now but you could still hold it until the price goes up and could profit if you wait.

Not really that an assurance because some of the top coins back in the past years have come down in value and rank in overall which means that everything could possibly happen
thats why its really very crucial for you to make out some targets or selling points rather than holding for ages.Well, its your money then its your full control of things
and your decision to be made but be sure that you should be aware on how this market moves and make out immediate actions which you do seem right or beneficial for you.

If we want big profits in the short term (less than a month) and long term (more than a year) then today is the best time to buy, I'm sure that the bitcoin price will normalize soon and return to the level of $40k even more a month, maybe the bitcoin price it can drop below $25k, but the best thing is to be optimistic and don't panic, it's definitely better to keep buying.

Saving and investing are two different things, saving can be interpreted by setting aside a certain amount of money to be saved and the money can be used at any time if needed. While investment can be defined as investment activity within a certain period of time with the hope that the use of the capital can generate profits or increase in value.
and all necessities of life go into savings and use it when needed and this is very important, and I use 75% of my salary income for living needs, lifestyle, impromptu funds and also my parents. And 25% for investment and for long-term investment and if done consistently and disciplined the results will be felt.

I would say that even if we are talking about torture, like as in living in a very tiny apartment, even a room, paying very little, and eating noodles, all for just 5 years of our life, could unlock a great life after that but that's a risk we are taking with our life, something we can't get back and that's why people do not do it.

I mean if you lose money, you could always earn more of it later on, if you lose your car, you can get a new one, if you miss out on a movie, you could always watch it online later on, but if you miss out on your life then you are going to end up with not getting that back and this is why people do not save enough, they want to live.

right, saving up to now is defined as setting aside money without risk, just like saving fiat, where the value will remain the same at any time, in contrast to investment, even though it is the same as setting aside money, but contains risks, on the other hand with investment we can increase the value in currency fiat money, which is often referred to as profit. and investing is often referred to as saving in a smart way

Saving in terms of fiat or crypto do really share up on the same motive which is to accumulate as much as we could as long we could see opportunity or chances for us to make profits then this is where we do really

make out immediate actions if we do see chances but we know that not all would really be having that capability on doing so due to some factors but its up to someones decision to take.

We do have our own particular goals but do share up with the same motive which is to reach out this particular condition.

And that's two things; saving and investing.
The two terms can actually use for having bitcoin, you save bitcoin and you're also investing. You're right that it's the best time to buy but we always tend to say that whenever the dip comes. There goes the people that have bought already when they've seen it under $30k and dismayed that it had to go low more. Avoid looking at the charts today for some moments if there's no need to do so.

When I comes to saving money, it something that is basically backed by the idea that brought about that savings actually otherwise, it could be pointless. Although arguably, savings in fiat currency and value is relative. Relative in the sense that, not all nations fiat's depreciates or devaluation drastically, using Uncle Sam and the USD as an example. Dollar is a base currency and a relatively stable currency at least, stable than most. One who saves in dollars has little needs for a lot of headache but, that's still not the best of practices.

Money is supposed to make you more money. That's the best way to use money and sadly, money saved in fiat currency is sure to make you non or a very little percent after a very long time. That's unacceptable and the more reason why those with the investor mindset won't save in fiat. Cryptos becomes preferable as it assumes a dual nature being currency and asset. You've just got to learn hodling and be ready for a bear market that is geared at breaking your hodlings.

  Getting this strategy will make you stable and you can control your Day value. In addition,  this strategy also can help your family's needs and their want and your survival. Continuing this mindset will make you in a good way to progress.

I agree in this strategy. First is to get money through working hard, having a job can ensure that you'll get an stable income and much better if you also have an extra job to maximize the money that you can earn and save.

But its necessary that you know how to manage your money for the monthy budget, the amount to save and the amount that you'll invest. It doesnt mean we have to spend all our savings to invest, because its also hard to have no cash on hand in case of emergency.

Gaining through our investment takes time hence the money that you'll put on it must be the money that you can live without.

You need money to get money, but that’s not the case in every situation; you can make money without money, sometimes all you need is just time and hard work. If you always need money to get money, then how do you get money in the first place? The thing is that when you have made money, you are able to make more, so I get what you were trying to say here.

Take for example – BTC, those whales are the ones who are able to make a lot of money from the market because they are the ones who invest more than everyone else and when you have invested more money, you will make more profit.

In the long run, when you have investments and savings it will literally going to make you stable and free financially. That's why everyone is having their own ways of increasing their wealth so that there's no problem thinking about monetary problems.
You need to be wise in where you use your money and if it's in investments, you need to be a risk taker and aware that it won't be an easy journey to grow it.

We are all thriving for that particular goal or targets in life because we dont like on being broke nor having problems with your daily living or survival just because you dont have
money to spent or something been saved up which it is the common reason on why we do really find out ways or something need to risk when we are really that
mindful in regards with our future.

there are still many people who don't care about investing and saving because they think the future is not important.  i learn a lot from people around, especially parents in my area, those who don't have savings experience difficulties in their old age, it's different from those who have savings, they can live their old age/retirement comfortably and calmly.  Saving and investing are the most important things to do from a young age.

When you've lived a not so fortunate life, you want to make things better for you so that you and your family won't face the same life that's unfortunate before.
With that thinking, what you wanna do is to save and find an investment where you think will make your life better and profitable in the next years based on your plan.

I'm still thinking if this principle can work for the middle class people we have in the society, we all know how inflation is affecting the economy and it is also affecting the poor.  Some of the companies and organisations the salaries of workers have shorten and the allowance is no more enough to cover up all the bills, how would someone in this state be able to save money when their is a lot to be solved with money. Before the money comes their things already budgeted to be solved with money, savings can be the most difficult thing to think about.

Saving money for future plans is very appropriate. As you said, the way to make money work for us is by investing. By investing money it automatically moves and benefits us for a certain period of time. Of course all have risks, in investing the biggest risk is loss. But everything has a solution, don't think anyone will get rich in a short time. So we should invest in potential altcoins like BNB and Etherum, or Bitcoin. Especially with inflationary conditions like this, if other people withdraw their assets due to financial needs due to unstable economic incentives, then we take steps to invest in them for the long term.

Seems like a an easy thing to say - but it is hardest to do.
Everyone wants save - invest and gain profit but most of the people fails in achieving their plans. Anything which comes in handy and can help achieve the goals.

Well said on which when you are already on the actual situation or scenario then you would really be finding it to be hard to be done specially if your salary or income source wont really be enough for you to make out some savings even if you wanted to which means that you wont really be having no choice but to find another source of income for you to make more money but this would be an another
problem for you to find on but once you do have take a good grasp of everything then it would really be giving out that opportunity for you to have a better finance situation.

Sure. Saving and Investing are very different. Saving plans to keep the money without expecting to double it. While investing targets to double the amount of money with a certain way/strategy. That's why OP classified them on a different level. The first level is earning or getting money, the second level is saving money, and the last level is investing money. For me, this means, we only invest money whenever we have extra money. So, if we only have money for the basic necessities, don't force ourselves to invest. Just wait for someday when we already have an extra money.  ;)

It's easy to preach saving but it's very difficult to actually do it.
The region where I live - people don't have much left after paying bills and monthly rents.
So it's very difficult for a person to actually do this dreamy act of saving and investing...

You need to be very much frank regarding the Get Money thing, people often think that they will get money easily.
Whereas the real fact is that you need to work hard in order to get the money.
If here saving part has been spoken off, then I would like to elaborate on this matter.
The money you are getting every month, split it in 50:30:20 ratio, 50% is for all the basic needs, 30% is for the luxurious life style and the rest 20% on investments.
You can interchange the 30:20 things according to your need.
And yes if possible invest now on Bitcoins, as now is the best time to dive into the market.

the standard of living for now has begun to be expensive, for daily needs it has become difficult let alone having to think about saving. I think it's technically correct according to the theory to get money you have to need money then take the money saved and set aside some to invest. but the reality is it is very difficult to get it now, especially with the current inflationary conditions.

If anyone wants to buy bitcoin at a good price then buy it now, today the price dropped again below $30k and I've bought another around $265, I'm optimistic that by continuing to buy when there is a market correction it will make us get big profits. hold and patience is an important key to success and profit.

Inflation is inevitable and we have to face the reality. We need to find ways to maximize our earnings by working hard and finding additional job aside from our main.

We cant rely to anyone to help us so we need to help ourselves. If you're really determine, you can save little by little and invest if you want your money to work with you in the future.

Its not an easy thing to do thats why it depends on your will on how to make this happen.

I agree that "get money" part is the most difficult part because not all people could have a job that pays them amazingly well. I have a decent job for example, of course I am not living in yacths and skyscrapers or anything like that, I have a decent condo with 2 bedrooms and one car, and I do not have much debt, maybe I will have some this summer due to vacation, but that's about it and not that common.

These days everyone have debts and many people are underpaid as well, considering how inflation ruined everyone's finances, we are having so much trouble just surviving, let alone do anything else. So, it is not really that easy to get money.

Am I the only one who doesn't understand the concept of investing? I've seen numerous threads recommending investing our money, since them sitting in a bank account does nothing, since inflation is way higher than the bank's interest. While I get the concept of investing in Cryptocurrencies, such as Bitcoin or Ethereum for instance, however, these are not generating a passive and steady income, since they're susceptible to price volatility. I'm not going to go to the extreme scenario of a complete market crash, which could potentially lead to a loss of funds.

What I mean is that buying Bitcoin, or any other coin, doesn't guarantee that your investment will pay off, since it could crash and take years to recover, a period which not many people might survive, while it would still be unclear if it results in a profit.

Don't get me wrong, I've been a supporter of Bitcoin since 2013-14, my point here is that buying Bitcoin, Ethereum, you name it, doesn't guarantee you a clear profit. For instance, if you put your money in staking stablecoins, you'll have a X APY which would result in Y amount of money earned per month/year.

When all things is safe and secured, that's when we have to take the final part, investing. Although it's the most effective way to create more money more than your capital, but the process is quite detrimental that we need to take the risks and work under pressure. Good thing if we came up with the right investments as its expected to make you prosper, but if we are being fooled to believe in those investments with red flags, then all our savings will only go to waste. This is why sometimes investments should never be a priority, health first before wealth.

No you don't really. Nowadays there are so many ways to get money for free. I don't want to list them one by one because I know that the guys here already know it.

What if you are contented already? I guess it is now safe to stop. Money is not everything but there might still be other things that can make us more happy.

Depends, on the situation and on how much you already save because what if you got killed instantly? I don't think your money can save you. Another scenario is let say you will have to buy a food to eat for today but the money that you save yesterday, is still too little or not enough to cover the missing amount. You can't still but that food.

For most of the world, large portions of the population live at or below the poverty line. Post COVID, plenty of middle income earners aren't able to keep their wages above the inflation rate. That is if their job was not eliminate due to COVID lockdowns.

You might not like save, but it describes a lot of people's situation right now.

Just save for your life savings and for your life's investments and manage them well. That way, you will never be in trouble if you invest the funds intended for investments because even if you lose, you won't get rekt since you never spend those funds intended for your savings only. And what is important is that regardless of the amount you invest, you always invest in the right projects or investments because that is your goal, invest and grow your money.

Yes - that's nicely mentioned.
If one lives within their means - things are better.
Impulsive buying and unnecessary hoteling and wasting food brings one in trouble.

This is the easy way, but not that easy to do. Sometimes the desire to do this must be blocked because of one's own ego. Yes, this is what I felt a few years ago, before I finally started to do it with a long process. But the results I can feel, maybe not significant but it is very valuable for my survival and future.

Surprisingly a lot of people struggle on the first couple and rarely make it to the third one, except for maybe buying a property or accruing a pension. So many people around the world are in a type of lifestyle that lives from paycheck to paycheck, even if they're not buying junk and are able to set aside even a small amount on a regular basis, it can be hard psychologically to build the mindset of saving money. Once you get through that barrier, it is a whole other level of learning to be able to invest effectively, but sticking with a global index fund that covers as many of the big companies as possible with the lowest fees can really help build your pot up for retirement and you may even get there early.

I think in this case the possibility is always there but when we save and save there of course this will still have an effect.
We certainly have families, especially for men who we still have to bear, let's not forget that death also now requires a lot of money, friends.

I think things like this should be seen as well but things like this are not an excuse for us to squander money while we are still in this world.
Spend as necessary for your needs and your desires. save the rest or make an investment because of course this is something to think about because we don't know whether we die or survive to old age.

Like it is easy to say - get. up and exercise and its difficult to actually get up and exercise.
It is also very difficult to save and invest when you are living paycheck to paycheck. But one should alway have a goal in mind and one should achieve it by hook or by crook.

This is what makes many people greedy but indeed things like this cannot be denied because this is human nature which is never satisfied with the existing situation and always does whatever it takes to do something more there.
But on the other hand it doesn't mean that everyone is like that, there are 1 in a number of people who still don't think about this because in this world we live side by side and of course we have different heads, different thoughts, right?

Money moves in a cycle. Any money that isn't sent on an investment errand get spent in an unpredictable manner. savings and investment goes hand in hand. To get more savings get converted to investment. Investing is a game played outside of comfort.  it's really not easy Investing but with a goal in mind it can be acievable

I agree with you, because the price is too low for people to use huge amount of capital to buy and hold for the price to hit back to $50,000 before they can sell to make a good income. I believe those that bought few days ago when the price dropped down to $27,000 will have a lot of profits to earn when the price increase higher than those that bought today at the rate of $30,000. Don't be panic with the current price, because the price is preparing to increase higher to where both long term traders and short term traders will start smiling with huge amount of profits.

The title Save and invest is easy to say but it is very hard to do.
finding the right opportunity and investing on the right side is a real challenge, I wish if I have some investment and I can invest in bitcoins too. I hate being poor. LOL

    Same us mine  at first I thought it easy to invest and the saddest thing is I was scammed and I never get back my money again , I'm very greed that time and I ashame to myself  to invest again .

     

Its never too late for you to start once again because mistakes like these are very common for noobs where people do usually get greedy and on the time they get scammed then they do learn.
Im not saying its necessary but it is really part of the learning process.You wont learn until you do experience for yourself. Tend to make more ways on investing but be sure on investing on the amount
which you can afford to lose. Take the risk and opportunity yet this isnt something that simple to dealt with but not also something that impossible thats why
stick to your plans and goals.

That situation is not that easy because of the greed but at the same time it requires people to actually make a big deal, I mean if we go with the exercise route for example; if we want to do that, we need to have time and we need to be healthy and we need to have the right stuff to do it (at least a running shoe for example) and we need to have a place to do that. Are these impossible to find? Of course not, but in today's world when living is so boring and gloomy, finding that time and stuff to do it doesn't really attract people.

Same with finances, I can honestly tell you that you could get rich if you just save and do absolutely NOTHING for 10 years, then be rich and not work after that, but does it really worth removing 10 years of life doing absolutely nothing? I do not think so.

Whenever greed is really on the way or something that pops out or having those kind of feeling then this is where people do really end up on being miserable or totally messed up with their finances.
Investing and even saving does really need some proper plans or goals whenever you are really into something and not just tending to make some move without having any basis or projected plans.
Your financial state will really vary on the effort that you had made in the past thats why if you do really persevere on having a better life then having these behavior is a must.

In the last line, I quite agree with what you said, considering that in this case we only live once, of course we can't waste our beautiful time, especially for this young age, it's not at all worth it to do.
But on the other hand, that doesn't mean we have to throw away and waste our money here because this can also hinder your old age.
At least set aside some of it but if we really want something why should it be banned because indeed we get money for that matter provided there is a limit in this case at least we only want something for what we are able to achieve

Worlds economy is going to shit these days. I do not think that any of us will have enough time and money to make anything extra. I fear that every dollar, even cent that we get, will go towards surviving. Let’s be honest, the day we are living right now is nothing like 10 years ago, let alone 50 years ago, we are in a situation where everything sucks.

We are barely making any money at all, and we are doing horrible at this moment. People age between 20 to 40 do not have enough money to survive, they barely go by. Most of us do not even own homes, only if our family has enough to help us, that’s it. So, it is really not possible to save these days, it is getting worse each day.

i can agree with your sentiments here. but being pessimistic with life is something we don't need right now. the prices of goods, fuel and other basic things needed to survive are increasing everyday. i guess, we can't do anything about that. what we can do is evaluate our lifestyle, do we have things or activities that we can cut down because we are just basically wasting money on those things? we need to be aware of what we are eating or doing every day. because these rising prices won't go away, it will keep on rising. so what we need is to have a lifestyle check.
we need to start on ourselves. otherwise, the people around us or the government won't be there when we badly need them. so take care of your own business.

Pretty much explained the whole situation, however, despite the the rising inflation and soaring living costs, I'm still managing to to put money aside, but not from my salary. Any amount I earn from signature campaigns, staking or interest from investments and microtasking is not being used for my survival, yet.

On the other hand, my monthly salary is not enough to get by and my bank account is slowly depleting. I don't want to use any of my Bitcoin, because I'm positive that in a few months it'll pay off.

This is the forever problem.
When prices of all the essential commodities are rising and the people are struggling to make ends meet. How will people save and invest. This is atleast impossible at least for me.

Realistically most of the average-income people are struggling with their monthly salary coz It will never become excessive, it will always be insufficient.
So, it's gonna be wise to look for a side hustle or start a small business that you could still manage despite of the busy schedules.
In today's market prices, it is almost impossible to save when you earn average income with just one job, let alone buy your own luxuries.

Meeting needs is certainly a priority for everyone and even more so at this time the price of necessities is rising, I think this is a problem for people who have a low economy,
clearly with this, whether saving or investing is not a priority,
Hopefully commodity prices will stabilize and that's all we can hope for

I don't think the prices will stabilize in near future. What will happen is people will start accepting the high prices and they will eventually start living with them.
There is no hope. Rather oil and gas prices will leave everyone in trouble. Earlier there was COVID not this fuel and gas crisis. We we be able to live in peace? Not in this world.

With the inflation as it is right now, and incomes are staying still, unfortunately meeting "needs" became the biggest problem. Look I get it, maybe you won't get a house, or a car, or even like some games or a high end gaming pc, these are "luxury", which we should have, I believe that everyone should own these things, but I get it if you don't and economy is bad enough that you can't.

However, and this part is very important, if people work 5 days a week 6 days a week, probably 8 hours a day at least, and with going to work and coming back spend at least 9-10 hours a day, sleep 8 hours, so have like just 4-5 hours left for themselves all their life, and all that in return of just barely surviving by eating and breathing? I am sorry but that's terrible.

Cryptocurrencies give us the freedom to invest at any time, if we see the current price is very cheap then invest immediately and make it for the long term then I'm sure you can make big profits, the principle of a successful investor is to be willing to take risks and of course be patient.

well - in our country - which is a third world country people hardly have money to save and invest nowadays. 
There is a hue and cry everywhere due to inflation and the things have changed the over all economy of my county - how can someone in my country - save and invest when they are hardly making their both ends meet.

This is indeed the reality on which people cant really make out some savings due to not right amount of salary or earnings that they could really get out of their day job which even getting some extra amounts would be a tough challenge for them.
Its easy to say from someone on having some savings but its not specially if you do have lots of responsibilities or simply being a family man which would really be ending up on spending it all.
Unless if you have a better job that does have better pay and make out some strict fund management in terms of expenses then you could really have that chance.

That is correct - in my country where 50 percent of the population is below the poverty line. They get limited support from the gov so they depend on the same money for food supply and basic shelters, the same way how can they save and invest when they do have extra money and they live in extreme conditions.

Yes, this is the reality of most people's lives, they can only be satisfied with a month's salary from their work because the increasing needs make it difficult for them to invest and save, sometimes even feel less.
and the only way is to have a side job that can be done outside of working hours, it does require extra time and energy but it can increase your income to be able to save or invest with the aim of creating a business or business that can meet all life needs and continue to invest and also save.
and now we are required to be smart and able to rack our brains on how to live quietly without debt and have a side income other than a steady income in order to live happily.

On what country do you live anyway? But 50 percent is a lot. The support that they get is limited but at least there are still support. That is better than nothing at all and if govt give them full support, these people won't try hard anymore but they will just depend on the government forever. That is not right.

These people don't need to be lazy but if they want to improve their lives or to possibly get out of poverty then they need to do something like looking for a sideline or side hustle to earn extra. They can then save some of those money and use the money to create a business later on. They can also use it to study so that they can get a better career.

There are countries where a lot of population live below the poverty line. The developed countries and the people living in the rich countries can't understand what people in the underdeveloped countries are going through. BTW - its Pakistan. We fought the 20 years war with USA and this is destroyed the peace of my country and USA was never happy and they never want stability in this country.

Political issues and conflicts isnt something that could be easily understand on whats the overall god damn reason on why wars and conflicts continue to exist through ages thats why it wont really be that surprising

that even up to now or very long time those argues are still happening which do really make out some significant effect into its citizens.WE do have lots of countries which do sit down on the lowest possible condition

Lets just accept the reality and work hard and smarter for having a good life in terms of finances and of course it would be depending on what you've been doing.

I think it's very important to save money. With inflation, our money has less and less purchasing power. How to make sure that money does not turn into paper? This is a difficult task. Each person decides for himself how to save his money. How to save your money? For some, this will be an investment, for someone a bank deposit, and someone will invest all their money in cryptocurrency, everything is very individual and there is no unequivocal answer to this question.

It is and it's a habit that we must have.

Before you invest, you should learn how to save so that you're building up that principle of yours towards effective handling of your finances and money.

If you started to save, you'll crave on how you'll invest your money instead of letting it sit by the bank. With inflation and recession, people tend to look for more ways of making money and how they'll let their money work for them.

The thing we like the most of Cryptocurrencies is to provide full control without being dependent on anyone, if we save it in private wallet, then to send bitcoin does not take 5 minutes to be accepted, this is the real investment because we can control assets with a very high security system . Don't hesitate to start because the future of the transaction system is Cryptocurrencies.

Others lack funds for investment because of their incapability to invest. Instead of saving so, they would have something to invest to assure their future, they live a lifestyle that doesn't fit their budget. We should have the right hobby of good spending and wise saving. We must allocate enough funds for our investment.

Investments that can be done quickly even in less than 15 minutes are cryptocurrencies, no personal data such as banks or stocks are needed, by having 1 wallet, we can use it to store millions and even billions of dollars without fear of anyone knowing.

In the past, the previous generation much focused on savings and the same have lifted the life to a better level. Slowly things have changed and now the priority have moved towards investment. Here education have played the major role, because the previous generation saved to their ability to give education to the kids. Even now there are people who focus on savings than investing, because they find investment to be risky.

When the world is unstable and threats can occur at any time then we need very easy investment, people will regret when investing in property when there is a war, this is what makes crypto the best choice, besides that large profit opportunities because the potential increase can reach 100% Even more a year.

there are several reasons people choose to save, it is true that investing has a high risk, such as this cryptocurrency investment, but of course it is different if we invest in property, of course there will be a very small risk, but property prices are now very expensive, so we have to have a lot of money first, that's why many people choose to save, even though the inflation will be eroded

These times would be the great time to get into more investment in crypto while market is down, opportunities pouring in for people wanted to make rich when bull season resumes. But never invest, your life saving because it would be a disaster to think about it. Just invest extra money that you are willing to gamble in the crypto industry.

For long-term investments, crypto is indeed one of the right choices, even though the price is currently going down, but I'm sure in the future the price will increase again,
but whatever the investment there will always be a risk so consider it well before making a decision

Everyone wants to save and invest and want to have some passive income. But this is not as easy as it seems.
Particularly for the those who are living in 3rd world country and struggling to make their both ends meet.

The whole idea of saving will not also be possible as you have also your own bills to pay and basic needs to attend, so certainly its more on spending wisely through money management. And when you invest, it doesn't mean that you have to invest all what you have got, instead invest only a portion of you hard earned money so that if you lose, you won't be badly affected.

When we do have money came from our dayjob or other source then of course it would really be needing that kind of money management so that you would able to save up money but it would really be

still needing to be deducted from expenses,needs and wants which is a normal thing and the rest of those amounts would be save for emergencies and possible investment that you would really be tending
to get engaged on but there are lots of considerations before you would make such step.

Investing should never considered to go all in to it because you should allocate on the amount which you can only afford to lose and not spending it all
specially to those emergency funds which had been allocated.Proper money management would be the key.