If you are not "rich", that is, you work hard for money a manage to save just some, perhaps nothing from month to month, you should be thinking about how to make sure you can live when old without being a burden for you family or having financial difficulties. If you holdled bitcoin since 10 years ago, you do not need to read any further, just enjoy. For the rest, here are some planning tips.

This is particularly important for Millenials (see graph below), as the rates of return for savings and investments are thought to be in decline.

However, you also want to life a good life - there is only one (unless you are Buddhist) - and you probably want to do things that require money. Striking a balance between these two is a little bit of an art.

How much do you need to saver? Too difficult to say in general. Some speakers and authors will tell you that it should be around 10% of your income, but if you earn little you may not be able to or if you want to retire very early you may need to do some extra effort.

 First thing to be clear, you can separate into bags or pots but in reality all your money is the same. Just use this as mind tool.

b) Decide what is the bare minimun you will need each month or year to retire having the basics: a roof over your head, food in the plate and medical care. This is your retirement minimum bag.

- Figure out how much capital (savings) you would need to obtain that monthly income. (e.g. you need 500 USD and you count on having your house paid). That x12 is what you need in a year (e.g. 12000).

- You should count on getting around 4% of your saving as dividend or rental income. To produce 6000 a year that is: 150.000 USD (that's 6000 / .04). That is your bare survival minimum, so you have to save and invest enough to make sure you have it by the time you think you will retire. Savings and investments for that pot have to be super low risk while allowing you to reach that figure. You may think that you will get a pension and that will take care, but I advise you not to count on that. Just make sure you do not depend on someone else for food.

b) Decide what would be a good level of income that would grant you some travelling, leisure or whatever you would like. Let's say that is 1000 a month on top of you bare minimum. That is you wish bag. You can count for this on pension or other income, just halve what you think would be reasonable (e.g. you expect a state or private pension of 1000 per month, count only with 500).

Now you have to figure out how much you would need for that. Again, at 4% would be (12 month x 1000 = 12.000 a year, so capital should be 12.000 / .04 = 300.000 USD. This may seem like quite a bit of money (it is very personal anyway, people have different incomes).

Since you know your goal, you would now setup your saving strategy, but this time you can take part in more risky (yet higher reward) investments. This should help you reach that apparently high figure if you start saving when young.

c) You moon-shot: If you still are able to save more after your two first bags, you can now have your moonshot bag. You can choose any ammount here, and you will invest this in high risk / high paying investments (e.g. crypto). If this goes well, you will retire early and or rich.

All this requires talking about different investment styles and methods. If there is some interest I will later continue the post with ideas on that.

Just as a hint for Millenials:

What to expect from the typical S&P 500 index fund. Current CAPE is high, meaning that standard returns will not be great during the next 10 years (probably)

20 year investments across different decades:

So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?

How often in those days of quarantine with panic and fear spreading did we think we were alone?
Do we even think if there is someone who is guarding us and who will help us?
Some know that God exists and pray to Him for help, but some do not believe in him and think they are alone in not only this situation but also in other difficult life situations.
I will not judge anyone on whether he believes in God or not, but I would like to prove that he really exists.
Those people who listened to the Lord and prayed for peace and for an end to this situation soon, they experienced love and peace, and those who have not yet found it and have not found the right path live in panic and fear.


How often do we think about the question "Why?", "For what?"… and the like.
It is very easy to answer that question.
God is always with us and never leaves us, whether we like it or not.
He has a plan for every man on Earth and will give everyone his "cross" to carry.
This means that everyone will have a problem or a difficult life situation at some point, ie no one has a perfect life.
We should not expect this because it will give us its "cross" to learn the value of life and our life will certainly not be black and depressed.
Everyone will have their moment in which they will "shine".
Some people invoke the name of God in fear and experience conversion and a completely new and better life.


Sometimes, of course, we'll get mad at him for not giving us exactly what we wanted, but he is not an automaton that will fulfill our wishes but is there to teach us the value of life and to accept the life we ​​live and to follow his word to end up in his kingdom when we leave the world.
We must be grateful to him for loving us eternally and forgiving us of all the sins we have committed if we truly repent.


For example, in the country where I live, Croatia, a strong earthquake occurred, now during isolation.
Many people are scared and panicked because they are afraid of new earthquakes and are afraid for their home.
Some have found peace and comfort by turning to God and believing that He will do only the best for us.
In such situations, God will always help and protect us.
We may not be able to see him but we can feel him, i.e. feel his presence and peace.
We must respect him and pray to him because then he will surely help us in the situation we are in.
Because God is not selfish, He will not judge anyone, He will not mock anyone, and no matter how selfish and sinful we may be, He will always be with us and give us hope and wait for us to turn to Him.

It is needless to say the recent condition of the economy of any country.Before the attack of COVID-19,The economy of my country was stable.Despite of having a developing country, we were trying to make our country better.But just one blow make this countries thousand, millions of people jobless.

The first corona patient was found in Bangladesh at 8 March and now the patient count has increased drastically to 12 thousand or more.Thats why government has taken a bold step to lock the whole country.Its very difficult situation because our economy can be broken and a large number of people  over 1 million can be jobless.Because in Bangladesh,Over million  people make their livelihood day by day. 

A lot of people in our country, actually all over world people are suffering the attack of Corona virus. Even Some developed country people are suffering from hunger and they have a job problem.Italy is the perfect example. 

Overall if this condition continues,no one knows what will happen,What kind of disaster world will face. And what are  the effects will be in Economy.Is some poor country or small country can survive. Lets pray for them,pray for humanity so that pandemic can't turn into epic disaster         

         

Your topic is right when it comes to investing.I have a lot of personal experience.In this way I myself have faced many losses.Besides, the big problem is.
That is when the price of Bitcoin goes up.The price of alter coins then dropped.It is very similar to the threat of loss.

Hello humans,
My country has been lock down for almost  6 weeks by now, I come from Malaysia. I would like to invite all of you to join this good cause, I'm not really rich myself but thanks God I still can provided some food for my family during this hard times.
I just wondering how can I convince you guy's to join this cause. 
Do I need to give my personal info such as my LinkedIn and facebook profile?
Please  drop you're thought below, see if we can make this happened.

Thanks!

I've been visiting Somerset in the van for a few days, and last night I stayed in a picnic area and truck stop. This morning I went into the cafe for an early morning coffee, and I was offered a bottle of hand sanitiser, and asked to use some. This is obviously as a result of the Coron Virus appearing in the UK. I had no problem with complying, but I'm not sure how useful it is. Far more of a problem could be the communal use of the 'loos in my opinion.

Hi guys.
The dilemma that I am going to raise is something that I think has passed everyone's mind.
Would you ever choose a job that pays a good salary or would you choose a job in the sector that you love with lower salary?
Personally, I would go for the first option...

The whole world is now passing a crisis moment. It is expected that we are going to face another crisis very soon. Economy is already going to recession. If the world really faces another great depression,  a lot of people will loss their job, business firm and industry will shut down, millions of people will stay in hungry and we may have to loss thousands of valuable life.

What should we do now? I can point out some strategies which can be followed to prepare ourselves for facing the crisis.

    • Try to cut down your present cost and save a portion.
    • Hold a handsome cash in hand or any savings that can be immediately convert into cash. Even if needed to make encash any long term savings, do  
       it.
    • Don't invest in any long term project at this moment.
    • Don't buy any luxurious goods for you or your family.
    • Don't engage in any borrowing. You should try your best to avoid it.
    • If you are salaried, concentrate to your own job seriously so that your organization don't get any scope to release you from the job temporarily or
      permanently.
    • And finally you should find out some of your own policies to face any serious moment.    

You can share your suggestion if any for facing the crisis moment that we are expecting to occur.  

It is very likely that we will be soon witness another crisis after this pandemic event many people around the world are becoming jobless, in other word no financial to face the reality when this such phenomenon exit, add up the mortgage and bills to pay for, it is sure pain in the back to workaround and see what we can do for the upcoming month during this pandemic.

For me I will just thrown away any things that can be sell off, to support what do I need for, and stay on my list to dos after the event I don't have a family for the moment sure give me a time to not worry about.

How about you give me your thought on this event  I might be adapt your idea and get some of it to surest my stability when the time comes,

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?

How long do you think the crisis can last after the epidemic?
What are the most likely events to occur?

Well I do think everyone is fimilar with the situation that every country is in right now .
To eleminate the risks of spreading the Corona virus , government have established lockdown .
No jobs , no schools , no small businesses , nothing.
Care is taken about people who are working in government sector , they are going to be provided with some amount of salary , that too in only some countries.
The small owned businesses are suffering greatly.

I myself was travelling to a small town nearby and saw a person crying , he had to pay banks , pay for his 4 kids , had a family to support but due to lockdown he had no source of income.

I do introduced him with the idea of bitcoins , how he can with some investment try buying , I even told him how he can earn a little through the campaigns , since something is better than nothing .

I do think Bitcoins is helping more than the government itself for a normal person , I am using my bitcoins selling them timely so that I can pay my rent and everything because jobs are all closed.

Bitcoins right now is the only thing that is supporting some people during the time of Quarantine  .

How the signature campaigns are still being managed efficiently is amazing 🔥

This is just an appreciation post <•>
Feel free to share how bitcoins is helping you during the lockdown.

The general sentiment of the market is getting very positive on Bitcoin as it is experiencing some upward movement. A lot of people are expecting that Bitcoin will soon breach the $6,000 level and can possibly go beyond that level in the coming weeks and months...and there are those already predicting of $8,000 or even $10,000 before 2019 ends. I know this is just another speculative notions but this can be reflective of the ongoing confidence the market has on the King of Cryptos.

With this backdrop in mind, will you advise a newbie to bitcoin to enter at this stage so he can be able to ride the coming "boom" or will you tell him to wait some more until the market is dipping?