Seeing that you already have the sufficient information for you to get started, you might as well lock this thread because apparently, this thread will be bombarded with the same replies until it is locked. You can do this by clicking on edit and additional options, and just tick the lock this topic option.
Yeah thats right because if you dont have any idea what is bitcoin really are you wont able to join to the discussion. I recommended you to read and read in different threads and learned, understand the thread so you would able to join to the discussion like what we are doing. You can earn in signature campaign by posting a constuctive post and dont spam so you would not get banned. Join in market>services and find a sign. Campaign that suit to your position and beware on scam. |
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But sometimes, investing your money may result to a loss, which is against the purpose of "saving" it from any other entities. Saving really helps, be it hiding the money under a pillow, a closet, or even putting it in a bank (which sometimes yield a small percentage gain) because you can get it from there in case an emergency situation happens. On the other hand, if you invested your money in a certain business, a period of time should take place first before you can get your investment in that particular business, because you cannot simply give them money and withdraw it whenever you like.
If you area good investor then most of the times you wont lose, or you gain more than lose eventually. It's all about risk control, no pain, no gain lol. Investing is a gambling so maybe you will loss or win but if you have a experienced on investimg you would not loss and you can earn a lot of money by investing. Certainly not true. Even the most experienced investors sometimes face losses and failures. There are a lot of things that could happen along the way if you invested your money, so if you invested in on a well-known company, don't be 100% sure that you'll make a profit. There are always hurdles along the way, even in the paths of the most successful investors. My point is that company that you have been invest is well known and trusted. You can say that your money is safe because the company that you invest is successful and a fame company. So there will no doubts in that company . You will assured that your money can earn a profits. Even if theres a risk but it cannot destroyed or failed the company that you invest because is known as well and a good company. |
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Already received payment. Thanks  |
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I dont have any receive payment sir.
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But sometimes, investing your money may result to a loss, which is against the purpose of "saving" it from any other entities. Saving really helps, be it hiding the money under a pillow, a closet, or even putting it in a bank (which sometimes yield a small percentage gain) because you can get it from there in case an emergency situation happens. On the other hand, if you invested your money in a certain business, a period of time should take place first before you can get your investment in that particular business, because you cannot simply give them money and withdraw it whenever you like.
If you area good investor then most of the times you wont lose, or you gain more than lose eventually. It's all about risk control, no pain, no gain lol. Investing is a gambling so maybe you will loss or win but if you have a experienced on investimg you would not loss and you can earn a lot of money by investing. |
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I like the OP's idea, but since im too bad at saving, and i like to buy thingies and gadgets, what i do is; i try to buy something of more
quality, so that it lasts me much longer, and the price justifies that.
For those that may have problems saving (like me) heres what you could do to make it easier on yourself saving; on each paycheck skip 3 days,
dont withdraw it on the 1-st (for example), withdraw on 4-th, and the next month on 7-th, its not that hard, and will make it more interesting.. but
in the end, its all about not spending on things you dont need.
Its like George Carlin said: "we buy shit we dont need, with money we dont have, to impress people we dont like" RIP legend
cheers
I like your ideas too. All of these are things I should start doing ASAP. Trying to go from zero to hero in savings, let's see how long it takes. Well atleast you guys try to become better at saving, the other guys dont even recognize that they got problem with overspending... Yeah, most people don't realize they can easily city out 10-20% by getting rid of additional expenses/impulse buys. Skip the $4 cup of coffee every day. Don't grab a bag of chips, smokes and a soda every time you get gas, drink water when you go out to eat, change you cable/phone plan (do you even need cable these days???), etc. Cutting your expenses should be your first goal . Of course people can cut a lot by not eating out, by not buying small gifts for themselves on impulse, you don't need to drink coffree and alcohol at all, smoking is bad... You will be fine living with only mineral water and eating rice with vegetables everyday. But that is not the way, people are saving money just because they want live a better and more luxurious life, and not to be constantly pinching themselves about everything they buy, you can become a hermit and a saint by living by your rules... Not totally. Why you not eat delicious food and not even buy a things that your life will be easier. This is [Suspicious link removed] point. I mean you can save but not doing that only 20% of your salary you will and then the left in your salary you can spend it by paying bill payments, paying your rentalk house. You can live with a easier or live better using your savings not your monthly salary. |
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If it was me, I'd save about 50%, invest 25% in Bitcoin, and invest 25% in Gold. This is because the 50% you save would be 'safe', but the investment has the potential to grow, or not do so well.
50% is too high given the riskiness of Bitcoin. Most planners recommend 0.5-1% in bitcoins. It depends on your personal situation. As a family man yes, you want to avoid putting much of your portfolio in Bitcoin. As a college guy living with his parents... I would say go apeshit and go 50%+. No risk no big wins. Saving your money will be low on risk but it would take a time. How about diversifying your investments and keeping a half of your money in savings? This is a good plan for me, seeing that it's either win or lose in investing. At least you still have money in case something bad happens. Also, before planning on investing, you might as well allocate some money for expenses and utilities? But before going on to that, see to it that you'll have your savings ready first and the rest should go to expenses and, well, investments. Having a diversified portfolio sure helps, in case one of your investments failed to do you good. Diversify make your money safe because if your other investment failed you have another investment so your money will not outweigh or decreased. |
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I like the OP's idea, but since im too bad at saving, and i like to buy thingies and gadgets, what i do is; i try to buy something of more
quality, so that it lasts me much longer, and the price justifies that.
For those that may have problems saving (like me) heres what you could do to make it easier on yourself saving; on each paycheck skip 3 days,
dont withdraw it on the 1-st (for example), withdraw on 4-th, and the next month on 7-th, its not that hard, and will make it more interesting.. but
in the end, its all about not spending on things you dont need.
Its like George Carlin said: "we buy shit we dont need, with money we dont have, to impress people we dont like" RIP legend
cheers
I like your ideas too. All of these are things I should start doing ASAP. Trying to go from zero to hero in savings, let's see how long it takes. Thats the consequence of the savings . Time it takes too much time to use it or too much time to make a big income. |
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All has been add into google doc and as always I waiting the fund from LightLord before I can make the payment
Sir i already pm you about the problem please move my payment to the address that i gave to you. Thank you for understanding |
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Another thing that amazes me: You hear story after story of "millionaires" (mostly pro athletes) who finance finance finance, and then end up with nothing once the big paycheck stop coming in. I think one study said 75% of NFL players are broke within 3 years of retirement. I fully believe this stat when you factor in all the players who only last a year or 2, probably only make the league minimum, and then hae no means to make money after they are done playing.
Some people are just dumb, and clueless when it comes to money. Most people dont know how economy works, nor what economy is. They dont know how money works, or what money is. They just think its a thing that gets me goodies, and when the money stops coming they dont know what the fuck happened. Thos guys mostly have 1 digit IQ so don't bother revealing to them how to responibly handle money. They don't even know what world they live on. Not really 1 IQ only . Their just not know what will they do with their money . Sometimes their will be spend for their sake they not think what will happened if they spend it for only their sake. But in reality like in here in philippines if you work regularly your salary will be deducted the SSS or GSIS. This will be the method so that the regular worker can save although their salary in not really big. It's not that, go to a village an ask an average person there "what is money" and they will have no fucking clue. They will say to you that it's a thing with which they get goods, but their understanding is so primitive that it's hurting me. A dog understands that if he licks your face he will get food, but there people are just so braindead that it's very embarrasing for me to hold a Masters Degree of economics... It's horrible how stupid people are nowadays, so don't expect these stupid people to have good decisions with their money when they dont even know what it is! I am not referring to an average person that live in village . My point is the person who live in the city that have a regular job with minimum wage. If they not know how to manage or to spend their wage maybe they first time to have a salary or they don't know what they are going to do with their salary. |
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Another thing that amazes me: You hear story after story of "millionaires" (mostly pro athletes) who finance finance finance, and then end up with nothing once the big paycheck stop coming in. I think one study said 75% of NFL players are broke within 3 years of retirement. I fully believe this stat when you factor in all the players who only last a year or 2, probably only make the league minimum, and then hae no means to make money after they are done playing.
Some people are just dumb, and clueless when it comes to money. Most people dont know how economy works, nor what economy is. They dont know how money works, or what money is. They just think its a thing that gets me goodies, and when the money stops coming they dont know what the fuck happened. Thos guys mostly have 1 digit IQ so don't bother revealing to them how to responibly handle money. They don't even know what world they live on. Not really 1 IQ only . Their just not know what will they do with their money . Sometimes their will be spend for their sake they not think what will happened if they spend it for only their sake. But in reality like in here in philippines if you work regularly your salary will be deducted the SSS or GSIS. This will be the method so that the regular worker can save although their salary in not really big. |
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If it was me, I'd save about 50%, invest 25% in Bitcoin, and invest 25% in Gold. This is because the 50% you save would be 'safe', but the investment has the potential to grow, or not do so well.
50% is too high given the riskiness of Bitcoin. Most planners recommend 0.5-1% in bitcoins. It depends on your personal situation. As a family man yes, you want to avoid putting much of your portfolio in Bitcoin. As a college guy living with his parents... I would say go apeshit and go 50%+. No risk no big wins. Saving your money will be low on risk but it would take a time. |
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 How to save money. Let me think. Maybe don't spend it? Fucking retard The amount of non-english speaking retards on this forum makes me sick Learn how to speak and write english properly before you post you fucking faggot How to save money ? Dont spend it? of course you will not spend it . If you are not satisfied in my english dont read my thread and you are good in english but you don't have respect . You are a Hero Member but you are insulting the beginners and the newbie how would we join in discussion if someone like you don't understand the situation of the beginner? IDIOT!11 |
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I always say when I go shopping, do I need this or can I go without it. The best way to save money is to make goals. I told my Son now that he is working and earning to save at least 15|% of his income for LONG TERM SAVINGS. Also I believe one should look into buying assets too, start with buying gold and silver, save some of that aside as well. Every year set a goal and also compound your savings in lucrative investments and diversify your portfolio.. In a few years you might find your future reshaped in a much more favorable position by making a few sacrifices today. Don't spend EVERY PENNY you get in your hand.
Yeah to make sure that you would save is to make a goal or you have need to buy a something that make you assets. And thats great because early savings can make a big profit if you invest it. |
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I also live in philoppines . But my example is the current wage in the US, so that their wage is enough to live and they have also a savings. In the philippines the wage of employee is not enough to live, theres many expences, like paying bills, foods and etc. But, if you want really to save, its up to you not in your wage. You have choices save your money if you really want or dont save thats easy.
Are you fuckingkidding me? You are crying about your wages but here in my country you have so low wage that you work 8 hours a day every fucking day except weekends and what do you get? Fucking 300-400€ per MONTH!!! Sorry, which country is this if you don't mind me asking?  That currency is euro the country that use this currency are,Austria ,Belgium, Germany Netherlands, Ireland etc. This is the most currency in europe. |
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I also live in philoppines . But my example is the current wage in the US, so that their wage is enough to live and they have also a savings. In the philippines the wage of employee is not enough to live, theres many expences, like paying bills, foods and etc. But, if you want really to save, its up to you not in your wage. You have choices save your money if you really want or dont save thats easy.
Are you fuckingkidding me? You are crying about your wages but here in my country you have so low wage that you work 8 hours a day every fucking day except weekends and what do you get? Fucking 300-400€ per MONTH!!! Dont blame me if your wage only 300€ . Blame your economy and your senators that corrupt the taxes that you pay. |
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We should not feed them . We should teach them how to get a food or how to live in this world. They should know that not all the times we can help them and they should know that they should learn how to live without hoping to others. And we cant decided for their future.
I agree with you. That is why the whole concept of delivering food and medicines to parts of the world like Sub-Saharan Africa is a failed tactic. Rather than delivering food and medicines, we should focus more on education, job training, family planning and anti-corruption measures. Bitcoin helps people to have idea what bitcoin is really are, gives a knowledge, and also money. It is not for the problem of humanity. If they want to end the poverty of the world do it by their selves and we can help them but not all the times. All things have limit when the time that we can't help theu should what must they do. They can do it by studying. |
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People, just hold on to your coins. Put them in cold storage and wait a couple of years for them to appreciate in value. Just hold them safely and forget about them. Don't panic sell, don't invest. That's it!  in that way you are not earning more bitcoin, it is safer yes, but it is like gambling, because there is always the possibility that bitcoin don't reach any moon, and stays in the current situation or worse(dies) the point should be to have more bitcoin too , not just sitting there and waiting for the miracle Well yeah, but investing the coins is an even bigger gambling. And the biggest gambling you can do is, well, gambling with them. Yeah selling them for FIAT is the safest thing you can do, but why are you in Bitcoin then, to begin with?  at this point with this current value of bitcoin, i see them as equally gambling, it's better to invest at least 50% and keep the rest, this will result in a better chance to rise your capital If you want to do the savings and investment. 30% for savings 70% for investment because in savings you dont get any profits but in investment theres a profit. |
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This thread is actually quite interesting to be honest, I live in Hong Kong and the "ENTRY" level salary for a Fresh Graduate is right now HKD $12,000 per month or USD $1,550. Now normal working hours are 9 hours inclusive of 1 hour lunch; so 8 hours a day for 5 days a week. That brings it to a hourly wage of USD $9.68.
Now at that salary level, you'll end up paying roughly USD $65 in income tax. Your company will provide you basic medical and dental which should suffice if you don't end up with a life threatening injuries. Per month, your wages will be deducted 5% (USD $77.50) for a Mandatory Retirement Fund which your company will also need to match; effectively giving you USD $155 per month towards your retirement.
This all seems decent; however, housing is not affordable in Hong Kong. A 150-200 sqFoot flat is going to cost you USD $775 per month to rent. Utilities (Electricity, Gas, Water) should be another USD $50 per month. After your Mandatory Retirement Fund/Accommodations+Utilities that leaves you with USD $647.50. There are other accommodations which are cheaper but for arguments sake lets make it easier.
That amount seems good; but you can never afford to save up for a down payment for an apartment or raise a family on this type of salary. Apartments to purchase in Hong Kong start are USD $580,000 for a 350 - 400 sqFoot flat. If you were a young couple on a basic salary able to pay USD $500 per month towards your loan of an apartment, it would take you 96 years not including any interest rates/fees. You'd be dead before you even paid it off. Most young people here live with their families because of these high living cost and rely on Government Subsidized housing which isn't being built at a fast enough pace.
I (Myself) am not a fresh graduate and hold a middle level position. I have come across many fresh graduates and feel that times are getting harder or that many are becoming unable to manage their finances. The OP say saving 20% is a suitable number, I myself save 40% of my monthly salary just for any emergencies.
Any other folks care to shed some light for Asia Pacific or even Hong Kong?
Living in the comunist country is hard. Your movements are limited. I suggested to you to live with your family it reduces your payments every month and you can save better. If your family is not on hongkong find a renting house and find a room mates so you can share to your roommates the bills and other payments. If you have a wife your wife should have a job so she can help you. And always think no matter what happen. All is well  |
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I think it can end the world poverty if it gets mainstream adoption and is distributed widely, hope it happens soon Really? Okay, say bitcoin get mainstream adoption and it's already widely-used all around the world, does that mean that it will end poverty because it get worldwide attention? No, that's not the case in here, and bitcoin isn't designed to be the savior of humanity from the chains of poverty. Even if we have the means to help doesn't mean we should do it all the time. Sometimes, we only need to teach them and not feed them in order for them to gain things they need to know for their future. We should not feed them . We should teach them how to get a food or how to live in this world. They should know that not all the times we can help them and they should know that they should learn how to live without hoping to others. And we cant decided for their future. |
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