How to save money.

[Gyfts]

It's really not this easy. I like how you've suggested a financial plan, but someone who makes almost 8 bucks an hour can not afford multiple things on top of their daily bills. It's easy to make a financial plan if you make enough money to where you don't have your monthly budgets interfering with each other. For example, medical emergencies. At that type of salary, you're essentially one accident away from any financial savings for anything collapsing. Your car savings, or your house savings, can all be destroyed with the medical side of your life taking over it due to an insufficient "medical fund". Saving money is something everyone would love to do, but when you don't have a decent salary, it's next to impossible.

Sir, all things are possible 8 bucks per hour? It is enough for a normal person . And you said that all of your savings will be destroyed by pne accident? No . Do you really read this thread? That your savings must 20% of your monthly salary? And its use in 2 different ways? First the 10% is for emergencies,  so you cant spent the other 10% wich must spend in your personal interest like business,investment, and etc. So how possible you can't save? If you do this strategies you can save every month. And like i said theres a choices , save or not so choose.

So there are a couple things to pay attention to.  One is income generation and the other is under-consumption (saving).  It would make sense for effort to be put into income generation primarily, and then towards savings. 

If someone is making 8 bucks an hour and living in North America, then the effort needs to go into generating more income.  That wage is for unskilled labour, so it would make sense to gain a skillset that pays more.  Don't fall into the trap of doing unskilled labour for life.  That type of job should be a steppingstone to something else.  If you are going to learn a trade, get a formal education, or learn a skillset that you can apply on your own, it will allow you to get out of that trap of labour/retail type jobs.

8 bucks an hour will just cover the absolutely essential monthly expenses.  It makes sense if you're young and working part-time while living at home with parents, but don't make a career out of a job like that.

This was the point I was attempting to make. Relying on minimum wage is totally unreliable and almost impossible in certain areas. If you live in Los Angeles California, or NYC, you're looking at a extremely high cost of living compared to somewhere in Nebraska, for example. Therefore, saving money can only happen if you have a certain skill set to which you are compensated for above minimum wage work, also known as, a college degree. Hell, even a liberal arts degree.

[1714622618]

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[HarHarHar9965]

It's really not this easy. I like how you've suggested a financial plan, but someone who makes almost 8 bucks an hour can not afford multiple things on top of their daily bills. It's easy to make a financial plan if you make enough money to where you don't have your monthly budgets interfering with each other. For example, medical emergencies. At that type of salary, you're essentially one accident away from any financial savings for anything collapsing. Your car savings, or your house savings, can all be destroyed with the medical side of your life taking over it due to an insufficient "medical fund". Saving money is something everyone would love to do, but when you don't have a decent salary, it's next to impossible.

Sir, all things are possible 8 bucks per hour? It is enough for a normal person . And you said that all of your savings will be destroyed by pne accident? No . Do you really read this thread? That your savings must 20% of your monthly salary? And its use in 2 different ways? First the 10% is for emergencies,  so you cant spent the other 10% wich must spend in your personal interest like business,investment, and etc. So how possible you can't save? If you do this strategies you can save every month. And like i said theres a choices , save or not so choose.

So there are a couple things to pay attention to.  One is income generation and the other is under-consumption (saving).  It would make sense for effort to be put into income generation primarily, and then towards savings. 

If someone is making 8 bucks an hour and living in North America, then the effort needs to go into generating more income.  That wage is for unskilled labour, so it would make sense to gain a skillset that pays more.  Don't fall into the trap of doing unskilled labour for life.  That type of job should be a steppingstone to something else.  If you are going to learn a trade, get a formal education, or learn a skillset that you can apply on your own, it will allow you to get out of that trap of labour/retail type jobs.

8 bucks an hour will just cover the absolutely essential monthly expenses.  It makes sense if you're young and working part-time while living at home with parents, but don't make a career out of a job like that.

This was the point I was attempting to make. Relying on minimum wage is totally unreliable and almost impossible in certain areas. If you live in Los Angeles California, or NYC, you're looking at a extremely high cost of living compared to somewhere in Nebraska, for example. Therefore, saving money can only happen if you have a certain skill set to which you are compensated for above minimum wage work, also known as, a college degree. Hell, even a liberal arts degree.

something which really bothers me with minimum wage is that people criticize those people on minimum wage calling them burger flippers and ask them to develop skills, etc but actually I respect those people because they fought the system and got 15$ an hour, while the CEO and the company makes thousands of dollars every hour. This 'system' wants us to fight with each other about what's our worth and what we deserve, while they make millions.

[AtheistAKASaneBrain]

It's really not this easy. I like how you've suggested a financial plan, but someone who makes almost 8 bucks an hour can not afford multiple things on top of their daily bills. It's easy to make a financial plan if you make enough money to where you don't have your monthly budgets interfering with each other. For example, medical emergencies. At that type of salary, you're essentially one accident away from any financial savings for anything collapsing. Your car savings, or your house savings, can all be destroyed with the medical side of your life taking over it due to an insufficient "medical fund". Saving money is something everyone would love to do, but when you don't have a decent salary, it's next to impossible.

Sir, all things are possible 8 bucks per hour? It is enough for a normal person . And you said that all of your savings will be destroyed by pne accident? No . Do you really read this thread? That your savings must 20% of your monthly salary? And its use in 2 different ways? First the 10% is for emergencies,  so you cant spent the other 10% wich must spend in your personal interest like business,investment, and etc. So how possible you can't save? If you do this strategies you can save every month. And like i said theres a choices , save or not so choose.

So there are a couple things to pay attention to.  One is income generation and the other is under-consumption (saving).  It would make sense for effort to be put into income generation primarily, and then towards savings. 

If someone is making 8 bucks an hour and living in North America, then the effort needs to go into generating more income.  That wage is for unskilled labour, so it would make sense to gain a skillset that pays more.  Don't fall into the trap of doing unskilled labour for life.  That type of job should be a steppingstone to something else.  If you are going to learn a trade, get a formal education, or learn a skillset that you can apply on your own, it will allow you to get out of that trap of labour/retail type jobs.

8 bucks an hour will just cover the absolutely essential monthly expenses.  It makes sense if you're young and working part-time while living at home with parents, but don't make a career out of a job like that.

This was the point I was attempting to make. Relying on minimum wage is totally unreliable and almost impossible in certain areas. If you live in Los Angeles California, or NYC, you're looking at a extremely high cost of living compared to somewhere in Nebraska, for example. Therefore, saving money can only happen if you have a certain skill set to which you are compensated for above minimum wage work, also known as, a college degree. Hell, even a liberal arts degree.

something which really bothers me with minimum wage is that people criticize those people on minimum wage calling them burger flippers and ask them to develop skills, etc but actually I respect those people because they fought the system and got 15$ an hour, while the CEO and the company makes thousands of dollars every hour. This 'system' wants us to fight with each other about what's our worth and what we deserve, while they make millions.

How is flipping burgers for minimum wage fighting the system? Fighting the system is changing the system, you aren't changing anything by flipping burgers, you are making the CEO of the burger shop richer thats all.

[MoorChael]

The best way to save money - invest successfully!

[freeyourmind]

It's really not this easy. I like how you've suggested a financial plan, but someone who makes almost 8 bucks an hour can not afford multiple things on top of their daily bills. It's easy to make a financial plan if you make enough money to where you don't have your monthly budgets interfering with each other. For example, medical emergencies. At that type of salary, you're essentially one accident away from any financial savings for anything collapsing. Your car savings, or your house savings, can all be destroyed with the medical side of your life taking over it due to an insufficient "medical fund". Saving money is something everyone would love to do, but when you don't have a decent salary, it's next to impossible.

Sir, all things are possible 8 bucks per hour? It is enough for a normal person . And you said that all of your savings will be destroyed by pne accident? No . Do you really read this thread? That your savings must 20% of your monthly salary? And its use in 2 different ways? First the 10% is for emergencies,  so you cant spent the other 10% wich must spend in your personal interest like business,investment, and etc. So how possible you can't save? If you do this strategies you can save every month. And like i said theres a choices , save or not so choose.

So there are a couple things to pay attention to.  One is income generation and the other is under-consumption (saving).  It would make sense for effort to be put into income generation primarily, and then towards savings. 

If someone is making 8 bucks an hour and living in North America, then the effort needs to go into generating more income.  That wage is for unskilled labour, so it would make sense to gain a skillset that pays more.  Don't fall into the trap of doing unskilled labour for life.  That type of job should be a steppingstone to something else.  If you are going to learn a trade, get a formal education, or learn a skillset that you can apply on your own, it will allow you to get out of that trap of labour/retail type jobs.

8 bucks an hour will just cover the absolutely essential monthly expenses.  It makes sense if you're young and working part-time while living at home with parents, but don't make a career out of a job like that.

This was the point I was attempting to make. Relying on minimum wage is totally unreliable and almost impossible in certain areas. If you live in Los Angeles California, or NYC, you're looking at a extremely high cost of living compared to somewhere in Nebraska, for example. Therefore, saving money can only happen if you have a certain skill set to which you are compensated for above minimum wage work, also known as, a college degree. Hell, even a liberal arts degree.

something which really bothers me with minimum wage is that people criticize those people on minimum wage calling them burger flippers and ask them to develop skills, etc but actually I respect those people because they fought the system and got 15$ an hour, while the CEO and the company makes thousands of dollars every hour. This 'system' wants us to fight with each other about what's our worth and what we deserve, while they make millions.

How is flipping burgers for minimum wage fighting the system? Fighting the system is changing the system, you aren't changing anything by flipping burgers, you are making the CEO of the burger shop richer thats all.

I'd assume that his respect for those folks is that they aren't part of the rat race of constantly chasing the shiny item dangling in front of you, but just out of reach.

I do respect people with minimum wage jobs, especially in areas with social welfare programs, such as where I live....and that's because they get paid marginally higher than people that are on social welfare and sit at home collecting other people's taxes, while contributing nothing.  I do understand that there are some legitimate cases where people are down on their luck and end up in unfortunate situations, but it's also something that is very widely taken advantage of by others.

[Don007]

*snip*
I do respect people with minimum wage jobs, especially in areas with social welfare programs, such as where I live....and that's because they get paid marginally higher than people that are on social welfare and sit at home collecting other people's taxes, while contributing nothing.  I do understand that there are some legitimate cases where people are down on their luck and end up in unfortunate situations, but it's also something that is very widely taken advantage of by others.

You guys should stop quoting all these messages at some point in order to keep it easy to read.

Minimum wages have advantages and disadvantages. Disadvantages in the sense that you interupt the free market. However, I think it has some advantages as people do get paid an acceptable wage for their work.


However, we've seen problems with increasing wages (which is the case when minimum wages are implemented). I'm not sure which particular country it was, but it was a country in which many clothes are made.

The current clothing industry pays these workers very little. What happend was that they collectively stopped working in order to increase their wages. They succeed; wages have increased. However, clothing companies thought these workers were too expensive now and these moved towards other countries. Result: many people unemployed and thereby many people who have to live from a wage that is even far less than they had in the first place.

[tommorisonwebdesign]

*snip*
I do respect people with minimum wage jobs, especially in areas with social welfare programs, such as where I live....and that's because they get paid marginally higher than people that are on social welfare and sit at home collecting other people's taxes, while contributing nothing.  I do understand that there are some legitimate cases where people are down on their luck and end up in unfortunate situations, but it's also something that is very widely taken advantage of by others.

You guys should stop quoting all these messages at some point in order to keep it easy to read.

Minimum wages have advantages and disadvantages. Disadvantages in the sense that you interupt the free market. However, I think it has some advantages as people do get paid an acceptable wage for their work.


However, we've seen problems with increasing wages (which is the case when minimum wages are implemented). I'm not sure which particular country it was, but it was a country in which many clothes are made.

The current clothing industry pays these workers very little. What happend was that they collectively stopped working in order to increase their wages. They succeed; wages have increased. However, clothing companies thought these workers were too expensive now and these moved towards other countries. Result: many people unemployed and thereby many people who have to live from a wage that is even far less than they had in the first place.

I have heard different arguments on both sides of this debate. On the one hand, if we were to mandate that everybody be paid $10 and hour, why are we not mandating $15 an hour or even $20 an hour. People have argued at the end of the day you determine how much you are worth, depending on your skills and experience. On the other hand, the implementation of minimum wage prevents employers from paying slave labor.

[faridkifly]

i know the methods of saving money
but in reality, it's hard to do dude

[ralle14]

save money in ur piggy bank lol
its that easy if u want it the easy way
put it in bank if u want interest
or just invest it like yolo lmao

[Don007]

*snip*
I do respect people with minimum wage jobs, especially in areas with social welfare programs, such as where I live....and that's because they get paid marginally higher than people that are on social welfare and sit at home collecting other people's taxes, while contributing nothing.  I do understand that there are some legitimate cases where people are down on their luck and end up in unfortunate situations, but it's also something that is very widely taken advantage of by others.

You guys should stop quoting all these messages at some point in order to keep it easy to read.

Minimum wages have advantages and disadvantages. Disadvantages in the sense that you interupt the free market. However, I think it has some advantages as people do get paid an acceptable wage for their work.


However, we've seen problems with increasing wages (which is the case when minimum wages are implemented). I'm not sure which particular country it was, but it was a country in which many clothes are made.

The current clothing industry pays these workers very little. What happend was that they collectively stopped working in order to increase their wages. They succeed; wages have increased. However, clothing companies thought these workers were too expensive now and these moved towards other countries. Result: many people unemployed and thereby many people who have to live from a wage that is even far less than they had in the first place.

I have heard different arguments on both sides of this debate. On the one hand, if we were to mandate that everybody be paid $10 and hour, why are we not mandating $15 an hour or even $20 an hour. People have argued at the end of the day you determine how much you are worth, depending on your skills and experience. On the other hand, the implementation of minimum wage prevents employers from paying slave labor.

In the end, we should have a minimum wage level everywhere in the world. If that level has been reached, it makes no sense that this increases to for example $15 per hour. Why? Because prices will just rise.. It is all about the so called "purchasing power": how much you can buy with your money.

[MinerHQ]

The best way to save money - invest successfully!

To invest successfully first you need to save money then only you can think of investing. So investing is different from saving money.

[michinzx]

The best way to save money - invest successfully!

To invest successfully first you need to save money then only you can think of investing. So investing is different from saving money.

plus, investing isnt risk free, you might actually end up losing money if the investment fails. setting aside some of your income and never touching it until retirement or some other later time is a good way to save money on a regular basis.

[Don007]

The best way to save money - invest successfully!

To invest successfully first you need to save money then only you can think of investing. So investing is different from saving money.

plus, investing isnt risk free, you might actually end up losing money if the investment fails. setting aside some of your income and never touching it until retirement or some other later time is a good way to save money on a regular basis.

You're right. The only investments that can be really profitable, are also the ones that can also cause a huge loss.. The more risk, the higher the possible interest.

Besides that, the money you've invested in investments can't get back to you very soon: after investments takes a lot of years. As soon as unexpected costs arise, you might have to loan money in order to cover these costs.. Setting some money aside (in a bank) is the smartest choice.  If your bankaccount hits a limit that you have to pay much tax on your money than you earn interest, you might consider to hide some cash at home. But I think that's not really suitable for us.

[iqlimasyadiqa]

I think it's better to save the money to buy her something more tangible such as gold and also the home. because if you invest here you will be quite difficult to sell the goods and also every time will be ascending. If I were you I choose to invest like this

[n2004al]

save money in ur piggy bank lol
its that easy if u want it the easy way
put it in bank if u want interest
or just invest it like yolo lmao

Good point bro !!! lol. No safest way and no easiest way. All the way in four rows without to many words and telling everything. Remain to tell how to spend those when will be grown so much when no one of the tools proposed will be able to handle more. 

[Shinpako09]

Save it in a bank and stay away from gambling coz it can make your life worst

[MinerHQ]

Save it in a bank and stay away from gambling coz it can make your life worst

Yes your correct, when your stay our of gambling then surely some money one can save but if your into gambling then all saving will surely go.

[HarHarHar9965]

Save it in a bank and stay away from gambling coz it can make your life worst

The only reason I am into bitcoins is because I want to have the control of my own financial operations and act like a bank, just what bitcoin allows me to do, so I would rather save it in crypto than a bank which gives me minimum returns over long periods. About Gambling, yeah no.. Gambling made my life much better: You win some, you lose some. Deal with it bruh

[Shinpako09]

Save it in a bank and stay away from gambling coz it can make your life worst

The only reason I am into bitcoins is because I want to have the control of my own financial operations and act like a bank, just what bitcoin allows me to do, so I would rather save it in crypto than a bank which gives me minimum returns over long periods. About Gambling, yeah no.. Gambling made my life much better: You win some, you lose some. Deal with it bruh

It's just a free advice. Anyways, that's your life you can do what you want bruh.

[MinerHQ]

Save it in a bank and stay away from gambling coz it can make your life worst

The only reason I am into bitcoins is because I want to have the control of my own financial operations and act like a bank, just what bitcoin allows me to do, so I would rather save it in crypto than a bank which gives me minimum returns over long periods. About Gambling, yeah no.. Gambling made my life much better: You win some, you lose some. Deal with it bruh

I think you should understand the difference between saving and investing. Your savings in bank will always remains same or add up small % of interest to it in some countries but if you invest in btc there are chances you can gain or loose more also. No guaranty of your returns when you need it.