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Miracal
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April 28, 2015, 03:02:04 PM |
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We should allocate about 15% of the income deposited to bank for expense! 50% of income should go to the secured investment against the annual inflation, such as AAA bond, stable dividend paying assets etc!
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gentlemand
Legendary
 Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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April 28, 2015, 03:02:29 PM |
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another thing that i really hate about poor people, which result in the impossibility to save your money later, is the number of children they bring to light
many couples give birth to 3+ babies non stop, and they know they can not afford to keep them in the future...then you see that couple, that complain about not having money....
if you earn 300 a month(just an example) why the hell you give birth to 3+ children? no-sense...
That very much depends on which country you live in. In the UK sitting on your arse and squirting out children pays a whole lot more than most regular jobs. |
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Dotakels (OP)
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April 28, 2015, 03:06:18 PM |
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another thing that i really hate about poor people, which result in the impossibility to save your money later, is the number of children they bring to light
many couples give birth to 3+ babies non stop, and they know they can not afford to keep them in the future...then you see that couple, that complain about not having money....
if you earn 300 a month(just an example) why the hell you give birth to 3+ children? no-sense...
That very much depends on which country you live in. In the UK sitting on your arse and squirting out children pays a whole lot more than most regular jobs. Dont hate poor people because they dont like to born poor. But like you said if the couple make 3+ children but they only salary is 300 , hate them because they dont know what are the consequence of their doing. They not know what are will happened to their children HATE THEM! |
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stromma44
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April 28, 2015, 03:10:01 PM |
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Go for Investments. Its the best option to save.
Go for Gold, Stocks or real estate. Think about future and decide which is the best option for you..Make the budjet and follow it.. try to have a balance between income and expenses.
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mrhelpful
Legendary
Offline
Activity: 1456
Merit: 1002
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April 28, 2015, 03:26:17 PM |
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We should allocate about 15% of the income deposited to bank for expense! 50% of income should go to the secured investment against the annual inflation, such as AAA bond, stable dividend paying assets etc!
Some people dont even have the chance to do that. They live day by day paycheck to paycheck. Its accounted for I read on zero hedge on the reality of employment in america, where good 70% are running on 2 temp jobs by an agency since they cant land a salary based. |
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zeraTunerse
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April 28, 2015, 03:52:18 PM |
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Try to buy in Cash. Avoid Credit Cards and Loans and clear whatever debts you have in your account. Ask for discount coupons Buy Clothes when Sale is on look for some alternate profitable offer which will reduce the cost and help you in saving certain amount of money.
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anonyymi
Newbie
Offline
Activity: 29
Merit: 0
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April 28, 2015, 04:26:12 PM |
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Save money can only do so much.
You gotta eventually learn how to grow your cash flow, and thats based on projects that employees will never let you do. IF you work 9-5pm you need notice your time is more of value then a salary.
Just think about it, $40k salary, $37k after taxes, and you can barely have time to have fun with it. Which how many years youd have to work for a bigger principal balance to have a successful retirement.
Yes indeed. You can retire at age 40 if you save insanely. It's all possible with $40k salary. But if you only had $20k salary / year, its very hard to save. Its depend to the person who are saving because no impossible to the people who wants to save, although their salary is small. And i think your job is not a very good job so that you have only $20k salary. $40k a month is a salary of a engineer. I don't know which country you live?? But the engineer salary is $40k-$60k (USD) a year, not month. I live in phillipines. $40-$60 annually is not enough for an engineer. So that a month $360 of the salary of the engineer? which country do you live? No. I meant $40k-$60k = $40000-$60000 annually. (k = kilo = 1000) |
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techgeek
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April 28, 2015, 04:48:12 PM |
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Save money can only do so much.
You gotta eventually learn how to grow your cash flow, and thats based on projects that employees will never let you do. IF you work 9-5pm you need notice your time is more of value then a salary.
Just think about it, $40k salary, $37k after taxes, and you can barely have time to have fun with it. Which how many years youd have to work for a bigger principal balance to have a successful retirement.
Yes indeed. You can retire at age 40 if you save insanely. It's all possible with $40k salary. But if you only had $20k salary / year, its very hard to save. Its depend to the person who are saving because no impossible to the people who wants to save, although their salary is small. And i think your job is not a very good job so that you have only $20k salary. $40k a month is a salary of a engineer. I don't know which country you live?? But the engineer salary is $40k-$60k (USD) a year, not month. I live in phillipines. $40-$60 annually is not enough for an engineer. So that a month $360 of the salary of the engineer? which country do you live? No. I meant $40k-$60k = $40000-$60000 annually. (k = kilo = 1000) How is $40k not enough in the phillpines, your peso incredible cheap so if you get paid in u.s dollars you`ll be be making way extra more pesos. Esp, when I have a friend out there who lives like a king, and has a house. Btw, $360 a month is not $40k year. $360 a month is damn $4,000 a year not $40,000 |
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wearepoor
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April 28, 2015, 04:53:58 PM |
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prepare a monthly budget and review the expenses on the weekly basis try to reduce the expenses in the best possible way u can also have a piggy bank at your home where you can save small amount of money everyday which can be used at the time of emergency.
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mearylll
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April 28, 2015, 05:37:17 PM |
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If you have a better income then only its possible for u to save money..if u r not earning which can save u a part of it then its useless to think abt saving money..u cant find alternate sources of income if u r not getting paid according to ur expectations n ur qualifications..
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hunnaryb
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April 28, 2015, 05:59:56 PM |
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I don't think anyone needs tips to know how to save money??
Everyone is quite capable of knowing their own strengths and weaknesses.. basically saving money is a really tough job nowadays..u earn but u also have expenses so need to have a balance between income and expenses try to reduce expenses n improvise your income.
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Xenoph0bia
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April 28, 2015, 06:31:46 PM |
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The best way is to prepare a budget plan follow the plan reduce expenses try to work overtime which can gain u extra income or try some working from home jobs which might be internet jobs which pays u handsome amount or else become a part time sales agent from where u can get good amount of commission.
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Dotakels (OP)
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April 29, 2015, 01:17:22 AM |
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Save money can only do so much.
You gotta eventually learn how to grow your cash flow, and thats based on projects that employees will never let you do. IF you work 9-5pm you need notice your time is more of value then a salary.
Just think about it, $40k salary, $37k after taxes, and you can barely have time to have fun with it. Which how many years youd have to work for a bigger principal balance to have a successful retirement.
Yes indeed. You can retire at age 40 if you save insanely. It's all possible with $40k salary. But if you only had $20k salary / year, its very hard to save. Its depend to the person who are saving because no impossible to the people who wants to save, although their salary is small. And i think your job is not a very good job so that you have only $20k salary. $40k a month is a salary of a engineer. I don't know which country you live?? But the engineer salary is $40k-$60k (USD) a year, not month. I live in phillipines. $40-$60 annually is not enough for an engineer. So that a month $360 of the salary of the engineer? which country do you live? No. I meant $40k-$60k = $40000-$60000 annually. (k = kilo = 1000) How is $40k not enough in the phillpines, your peso incredible cheap so if you get paid in u.s dollars you`ll be be making way extra more pesos. Esp, when I have a friend out there who lives like a king, and has a house. Btw, $360 a month is not $40k year. $360 a month is damn $4,000 a year not $40,000 Sorry i mistaken the (0) the peso is not cheap the economy of the us is 45+ than the phillipines so that the value of your money is 45+ than the phillipines . The peos is not a cheap the econiomy of the phillipines are the cheap one. |
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Erza
Legendary
Offline
Activity: 1078
Merit: 1000
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April 29, 2015, 03:33:47 AM |
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another thing that i really hate about poor people, which result in the impossibility to save your money later, is the number of children they bring to light
many couples give birth to 3+ babies non stop, and they know they can not afford to keep them in the future...then you see that couple, that complain about not having money....
if you earn 300 a month(just an example) why the hell you give birth to 3+ children? no-sense...
Yes that make sense. Nowadays they give birth to 2+ babies never think about their future how are they gonna raise their kids. After some time if they think they not gonna make it they will ask their kids to become beggar to earn for them |
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ipbo
Member
Offline
Activity: 70
Merit: 10
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April 29, 2015, 08:24:33 AM |
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10 Tips to save money
1.The first step in saving money is to know how much you're spending. ...
2.Record your expenses.
3.The first step in saving money is to know how much you're spending. ...
4.Make a budget. ...
5.Plan on saving money. ...
6.Set savings goals. ...
7.Decide on your priorities. ...
8.Different savings and investment strategies for different goals. ...
9.Make saving money easier with automatic transfers. ...
10.Watch your savings grow
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lindeanin
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April 29, 2015, 08:26:28 AM |
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Whenever I get paid I always set 25% aside for savings. So far its done me quite well and Ive been able to make a nice nestegg for myself. I recommend everyone to do the same if their situation permits.
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coinpr0n
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April 29, 2015, 08:40:27 AM |
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A back catalog of bills and (parking) tickets is what's killing me now. Making a conscious effort to still save something though. Anything.
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BTCevo
Legendary
Offline
Activity: 1834
Merit: 1008
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April 29, 2015, 01:02:43 PM |
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A back catalog of bills and (parking) tickets is what's killing me now. Making a conscious effort to still save something though. Anything.
Yes parking ticket is the most painful things. Altough its just a few dollars but if everyday you collect it may be it will be worth like 1btc. And it is such a waste that parking ticket. Wonder how are we going to miss that parking ticket. It will be worth of saving that money or invest it in bitcoin  |
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Dotakels (OP)
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April 29, 2015, 02:14:01 PM |
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A back catalog of bills and (parking) tickets is what's killing me now. Making a conscious effort to still save something though. Anything.
Yes parking ticket is the most painful things. Altough its just a few dollars but if everyday you collect it may be it will be worth like 1btc. And it is such a waste that parking ticket. Wonder how are we going to miss that parking ticket. It will be worth of saving that money or invest it in bitcoin If you compute your parking tickets how much did you paid? Compare if you commute how much it will cost in the wholr month? I think that you more save by commute than have a own car that have a gasoline (you need to buy it). What do you think? |
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BTCevo
Legendary
Offline
Activity: 1834
Merit: 1008
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April 29, 2015, 03:16:22 PM |
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A back catalog of bills and (parking) tickets is what's killing me now. Making a conscious effort to still save something though. Anything.
Yes parking ticket is the most painful things. Altough its just a few dollars but if everyday you collect it may be it will be worth like 1btc. And it is such a waste that parking ticket. Wonder how are we going to miss that parking ticket. It will be worth of saving that money or invest it in bitcoin If you compute your parking tickets how much did you paid? Compare if you commute how much it will cost in the wholr month? I think that you more save by commute than have a own car that have a gasoline (you need to buy it). What do you think? Actually parking ticket can be saved but the gasoline is my own expenses that I need to pay every week so if you ask me to compare gasoline and parking tickets of course parking ticket is nothing but gasoline I need it get get some more money so I can buy bitcoin and that is a must. So you can't even compare my needs and things that can be put aside |
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