How to save money.

[MF Doom]

 if you buy something -especially expensive things like house, land, car etc..-  with loan you can save money . Coz everyone tend to trifle away their money .

With loan? Haha that is a nice shill for the banksters.

The premium thata bank earns on loan usually is more than 200%. If you buy a 20.000€ house you usually have to pay back like 60.000€ after 20 years.

It's a bit sad that you would want to give away that much, the inflation will not be bigger than the interest you pay, so you pay way too much that way.

For a house, it'd be near impossible for most to buy without a mortgage.  HOWEVER, that should not prevent you from coming up with as big a down payment as possible.  If you can't save 20% for that...you may want to reconsider buying a house.  Nothing is cheap when it comes to house repairs, even if you can DIY...

As for cars?  Psssh, I've never financed any vehicle (car, motorcycle, etc) and never will.  Again, a cash reserve GREATLY helps when car shopping.  There are always deals to be found from people who are looking for cash

[1714851872]

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[1714851872]

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[1714851872]

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[GreenStox]

 if you buy something -especially expensive things like house, land, car etc..-  with loan you can save money . Coz everyone tend to trifle away their money .

With loan? Haha that is a nice shill for the banksters.

The premium thata bank earns on loan usually is more than 200%. If you buy a 20.000€ house you usually have to pay back like 60.000€ after 20 years.

It's a bit sad that you would want to give away that much, the inflation will not be bigger than the interest you pay, so you pay way too much that way.

For a house, it'd be near impossible for most to buy without a mortgage.  HOWEVER, that should not prevent you from coming up with as big a down payment as possible.  If you can't save 20% for that...you may want to reconsider buying a house.  Nothing is cheap when it comes to house repairs, even if you can DIY...

As for cars?  Psssh, I've never financed any vehicle (car, motorcycle, etc) and never will.  Again, a cash reserve GREATLY helps when car shopping.  There are always deals to be found from people who are looking for cash

I`m an economist i understand that the immediate value or goods is preferable to a later one. Especially if the economy is inflationary.

But still the banksters earn way too much premium.

Think of this:

For a 20.000€ loan for 5 years on 1% interest you should pay in total:  21,020 € as / interest + perhaps 1% extra comission so that the bank should profit. So in total about: 21,220€.   If the inflation is below the interest rate, about 0.5%, then the bank doesnt lose money and you are better off.

However in reality, you pay about 30000 € atleast + some down payment.

So either the government inflation number is not ok ( like when did the government told the truth, the inflation is about 8%) or the banks are over the top greedy.

Perhaps the combination of both.

[Don007]

 if you buy something -especially expensive things like house, land, car etc..-  with loan you can save money . Coz everyone tend to trifle away their money .

With loan? Haha that is a nice shill for the banksters.

The premium thata bank earns on loan usually is more than 200%. If you buy a 20.000€ house you usually have to pay back like 60.000€ after 20 years.

It's a bit sad that you would want to give away that much, the inflation will not be bigger than the interest you pay, so you pay way too much that way.

For a house, it'd be near impossible for most to buy without a mortgage.  HOWEVER, that should not prevent you from coming up with as big a down payment as possible.  If you can't save 20% for that...you may want to reconsider buying a house.  Nothing is cheap when it comes to house repairs, even if you can DIY...

As for cars?  Psssh, I've never financed any vehicle (car, motorcycle, etc) and never will.  Again, a cash reserve GREATLY helps when car shopping.  There are always deals to be found from people who are looking for cash

I`m an economist i understand that the immediate value or goods is preferable to a later one. Especially if the economy is inflationary.

But still the banksters earn way too much premium.

Think of this:

For a 20.000€ loan for 5 years on 1% interest you should pay in total:  21,020 € as / interest + perhaps 1% extra comission so that the bank should profit. So in total about: 21,220€.   If the inflation is below the interest rate, about 0.5%, then the bank doesnt lose money and you are better off.

However in reality, you pay about 30000 € atleast + some down payment.

So either the government inflation number is not ok ( like when did the government told the truth, the inflation is about 8%) or the banks are over the top greedy.

Perhaps the combination of both.

I think you should reconsider how a bank is able to give out a loan; simply they can create money. Do you think all the money they lend out is from people who put their money in the bank? No. This balance is never 100% and it never will be, although this rate have been increased in many countries since the crisis. Do you know what will happen if everyone takes out their money of a bank? Bankrun!

A bank will loan out 20.000 by simply "creating it" in their systems --> and transfering it to your bankacccount. What they get in return, is a monthly amount of REAL money. What did they have to do for that? Not much. It's just not as easy as meeting the inflation rate.

[GreenStox]

 if you buy something -especially expensive things like house, land, car etc..-  with loan you can save money . Coz everyone tend to trifle away their money .

With loan? Haha that is a nice shill for the banksters.

The premium thata bank earns on loan usually is more than 200%. If you buy a 20.000€ house you usually have to pay back like 60.000€ after 20 years.

It's a bit sad that you would want to give away that much, the inflation will not be bigger than the interest you pay, so you pay way too much that way.

For a house, it'd be near impossible for most to buy without a mortgage.  HOWEVER, that should not prevent you from coming up with as big a down payment as possible.  If you can't save 20% for that...you may want to reconsider buying a house.  Nothing is cheap when it comes to house repairs, even if you can DIY...

As for cars?  Psssh, I've never financed any vehicle (car, motorcycle, etc) and never will.  Again, a cash reserve GREATLY helps when car shopping.  There are always deals to be found from people who are looking for cash

I`m an economist i understand that the immediate value or goods is preferable to a later one. Especially if the economy is inflationary.

But still the banksters earn way too much premium.

Think of this:

For a 20.000€ loan for 5 years on 1% interest you should pay in total:  21,020 € as / interest + perhaps 1% extra comission so that the bank should profit. So in total about: 21,220€.   If the inflation is below the interest rate, about 0.5%, then the bank doesnt lose money and you are better off.

However in reality, you pay about 30000 € atleast + some down payment.

So either the government inflation number is not ok ( like when did the government told the truth, the inflation is about 8%) or the banks are over the top greedy.

Perhaps the combination of both.

I think you should reconsider how a bank is able to give out a loan; simply they can create money. Do you think all the money they lend out is from people who put their money in the bank? No. This balance is never 100% and it never will be, although this rate have been increased in many countries since the crisis. Do you know what will happen if everyone takes out their money of a bank? Bankrun!

A bank will loan out 20.000 by simply "creating it" in their systems --> and transfering it to your bankacccount. What they get in return, is a monthly amount of REAL money. What did they have to do for that? Not much. It's just not as easy as meeting the inflation rate.

That only shows a bigger amount of greed. Because they not just calculate in the inflation / time value + they put on an arbitrary comission , but it's more funny that they dont even lend out their own money.

So they calculate all that, like they would if they would lend out investors money, when in fact they just lend out printed money.

Yes it's hilarious, but what do you want, until this fractional ponzi scheme persists, we have nothing else.

0% reserves and -0.75% interest rate it's just the tipping point of GREED! 

[Erdogan]

 if you buy something -especially expensive things like house, land, car etc..-  with loan you can save money . Coz everyone tend to trifle away their money .

With loan? Haha that is a nice shill for the banksters.

The premium thata bank earns on loan usually is more than 200%. If you buy a 20.000€ house you usually have to pay back like 60.000€ after 20 years.

It's a bit sad that you would want to give away that much, the inflation will not be bigger than the interest you pay, so you pay way too much that way.

For a house, it'd be near impossible for most to buy without a mortgage.  HOWEVER, that should not prevent you from coming up with as big a down payment as possible.  If you can't save 20% for that...you may want to reconsider buying a house.  Nothing is cheap when it comes to house repairs, even if you can DIY...

As for cars?  Psssh, I've never financed any vehicle (car, motorcycle, etc) and never will.  Again, a cash reserve GREATLY helps when car shopping.  There are always deals to be found from people who are looking for cash

I`m an economist i understand that the immediate value or goods is preferable to a later one. Especially if the economy is inflationary.

But still the banksters earn way too much premium.

Think of this:

For a 20.000€ loan for 5 years on 1% interest you should pay in total:  21,020 € as / interest + perhaps 1% extra comission so that the bank should profit. So in total about: 21,220€.   If the inflation is below the interest rate, about 0.5%, then the bank doesnt lose money and you are better off.

However in reality, you pay about 30000 € atleast + some down payment.

So either the government inflation number is not ok ( like when did the government told the truth, the inflation is about 8%) or the banks are over the top greedy.

Perhaps the combination of both.

This is a flawed way to compute the interest cost of a loan. It should be measured in percent per year, with interest payable yearly at the end of the year. A 20 year loan thus costs and should cost more than one years loan of course, you have the money for a longer time. With the method above (effective interest) the cost is 20 times higher for a 20 year loan than for a 1 year loan. Nobody should feel abused for that.

[GreenStox]

 if you buy something -especially expensive things like house, land, car etc..-  with loan you can save money . Coz everyone tend to trifle away their money .

With loan? Haha that is a nice shill for the banksters.

The premium thata bank earns on loan usually is more than 200%. If you buy a 20.000€ house you usually have to pay back like 60.000€ after 20 years.

It's a bit sad that you would want to give away that much, the inflation will not be bigger than the interest you pay, so you pay way too much that way.

For a house, it'd be near impossible for most to buy without a mortgage.  HOWEVER, that should not prevent you from coming up with as big a down payment as possible.  If you can't save 20% for that...you may want to reconsider buying a house.  Nothing is cheap when it comes to house repairs, even if you can DIY...

As for cars?  Psssh, I've never financed any vehicle (car, motorcycle, etc) and never will.  Again, a cash reserve GREATLY helps when car shopping.  There are always deals to be found from people who are looking for cash

I`m an economist i understand that the immediate value or goods is preferable to a later one. Especially if the economy is inflationary.

But still the banksters earn way too much premium.

Think of this:

For a 20.000€ loan for 5 years on 1% interest you should pay in total:  21,020 € as / interest + perhaps 1% extra comission so that the bank should profit. So in total about: 21,220€.   If the inflation is below the interest rate, about 0.5%, then the bank doesnt lose money and you are better off.

However in reality, you pay about 30000 € atleast + some down payment.

So either the government inflation number is not ok ( like when did the government told the truth, the inflation is about 8%) or the banks are over the top greedy.

Perhaps the combination of both.

This is a flawed way to compute the interest cost of a loan. It should be measured in percent per year, with interest payable yearly at the end of the year. A 20 year loan thus costs and should cost more than one years loan of course, you have the money for a longer time. With the method above (effective interest) the cost is 20 times higher for a 20 year loan than for a 1 year loan. Nobody should feel abused for that.

The formula is:       SUM * [ (1 + INTEREST_RATE / 100) ^ YEARS ]

You can calculate the present value of future goods with that. Of course if the inflation > interest rate then the bank might factor that in, they dont like losing money due to inflation.

And also they consider their leverage also their property, so doesnt matter if they lend you printed money, they consider it their own money.

[deisik]

I think you should reconsider how a bank is able to give out a loan; simply they can create money. Do you think all the money they lend out is from people who put their money in the bank? No. This balance is never 100% and it never will be, although this rate have been increased in many countries since the crisis. Do you know what will happen if everyone takes out their money of a bank? Bankrun!

Strictly speaking, it is not the lending bank that creates new money. When a bank gives out a loan, the new money is actually created by the corresponding central bank. The lending bank just works as an intermediary in the process of the new money creation on behalf of a central bank. So nothing dramatic will happen if everyone tries to take their money from an otherwise healthy bank, the central bank will serve as a lender of last resort. This is one of its goals (i.e. bank recapitalization)...

Bank-runs aren't a problem in a fiat world, the real problem are subprime loans gone underwater, but this has nothing to do with money creation per se

A bank will loan out 20.000 by simply "creating it" in their systems --> and transfering it to your bankacccount. What they get in return, is a monthly amount of REAL money. What did they have to do for that? Not much. It's just not as easy as meeting the inflation rate.

What do you mean by "real money", principal or interest?

[knowhow]

well banks runs the same way HYIP they play with the money of custumers...on lending ,you put money to earn interest yearly,if you on the end of the yeat go to bank say i wanna take out all they say ,come on x day or why you wanna do that....the point is the money is mine why should i say why i wanna it i worked for it i had invested to earn interest with it soo why banks think they can ask anything about those...

The diference of hyip is just the interest and management,if admin of hyip start to offer 3% every 6 months of x ammount invested ,well maybe banks starts too loose clients but such ammount is reached montly from the bilionaires.... they get a bigger interest..

[Febo]

well banks runs the same way HYIP they play with the money of custumers...on lending ,you put money to earn interest yearly,if you on the end of the yeat go to bank say i wanna take out all they say ,come on x day or why you wanna do that....the point is the money is mine why should i say why i wanna it i worked for it i had invested to earn interest with it soo why banks think they can ask anything about those...

The diference of hyip is just the interest and management,if admin of hyip start to offer 3% every 6 months of x ammount invested ,well maybe banks starts too loose clients but such ammount is reached montly from the bilionaires.... they get a bigger interest..

No one ever asked me why i want to withdraw my money. Even if they would i would not tell them. For sure they try to convince you to leave your money there for next term. Sine that is their business, borrow money from you and then lend it to someone else for a profit. IF you will withdraw yours, then they need to convince someone else to deposit there. It is easier to just convince you since you are there already.

[Dotakels]

well banks runs the same way HYIP they play with the money of custumers...on lending ,you put money to earn interest yearly,if you on the end of the yeat go to bank say i wanna take out all they say ,come on x day or why you wanna do that....the point is the money is mine why should i say why i wanna it i worked for it i had invested to earn interest with it soo why banks think they can ask anything about those...

The diference of hyip is just the interest and management,if admin of hyip start to offer 3% every 6 months of x ammount invested ,well maybe banks starts too loose clients but such ammount is reached montly from the bilionaires.... they get a bigger interest..

No one ever asked me why i want to withdraw my money. Even if they would i would not tell them. For sure they try to convince you to leave your money there for next term. Sine that is their business, borrow money from you and then lend it to someone else for a profit. IF you will withdraw yours, then they need to convince someone else to deposit there. It is easier to just convince you since you are there already.

They don't care why we withdraw all of our money. Because that money is ours and not to them and they can ask but we have a right to not answer that question. Its up to you if you are going to explained to them why.

[aso118]

They don't care why we withdraw all of our money. Because that money is ours and not to them and they can ask but we have a right to not answer that question. Its up to you if you are going to explained to them why.

They are supposed to "know their customer".
Better to come clean to the bank. Otherwise, they might just file a suspicious activity report about you to the regulator. You wouldn't want that happening, would you? 

[Don007]

I think you should reconsider how a bank is able to give out a loan; simply they can create money. Do you think all the money they lend out is from people who put their money in the bank? No. This balance is never 100% and it never will be, although this rate have been increased in many countries since the crisis. Do you know what will happen if everyone takes out their money of a bank? Bankrun!

Strictly speaking, it is not the lending bank that creates new money. When a bank gives out a loan, the new money is actually created by the corresponding central bank. The lending bank just works as an intermediary in the process of the new money creation on behalf of a central bank. So nothing dramatic will happen if everyone tries to take their money from an otherwise healthy bank, the central bank will serve as a lender of last resort. This is one of its goals (i.e. bank recapitalization)...

Bank-runs aren't a problem in a fiat world, the real problem are subprime loans gone underwater, but this has nothing to do with money creation per se

A bank will loan out 20.000 by simply "creating it" in their systems --> and transfering it to your bankacccount. What they get in return, is a monthly amount of REAL money. What did they have to do for that? Not much. It's just not as easy as meeting the inflation rate.

What do you mean by "real money", principal or interest?

Excuse me for the late reply.

Actually private banks are 'creating money', in a digital way like I wanted to explain: if you want to loan some money, they will transfer it to your bank account. This is only digital, but in the end, you have to pay back this amount of money + interest with 'real money'; fiat; the principal + interest. You hand in fiat in return for just some digital created money, just for some digits.

I think the roots of the current system are well explained over here https://www.youtube.com/watch?v=01IusDeSPE4#t=135.

[Dotakels]

They don't care why we withdraw all of our money. Because that money is ours and not to them and they can ask but we have a right to not answer that question. Its up to you if you are going to explained to them why.

They are supposed to "know their customer".
Better to come clean to the bank. Otherwise, they might just file a suspicious activity report about you to the regulator. You wouldn't want that happening, would you? 

But if my excuse is so very private, they would care? And they can create a report on me by writing how much did i deposit and withdraw. Thats all and if i didn't tell them the reason they can't do anything.

[Amph]

well banks runs the same way HYIP they play with the money of custumers...on lending ,you put money to earn interest yearly,if you on the end of the yeat go to bank say i wanna take out all they say ,come on x day or why you wanna do that....the point is the money is mine why should i say why i wanna it i worked for it i had invested to earn interest with it soo why banks think they can ask anything about those...

The diference of hyip is just the interest and management,if admin of hyip start to offer 3% every 6 months of x ammount invested ,well maybe banks starts too loose clients but such ammount is reached montly from the bilionaires.... they get a bigger interest..

No one ever asked me why i want to withdraw my money. Even if they would i would not tell them. For sure they try to convince you to leave your money there for next term. Sine that is their business, borrow money from you and then lend it to someone else for a profit. IF you will withdraw yours, then they need to convince someone else to deposit there. It is easier to just convince you since you are there already.

this could be changed easily if you withdraw a big amount, the problem come when big movements are done, besides they have your id, so they don't really need to know, when they know everything about you already

They don't care why we withdraw all of our money. Because that money is ours and not to them and they can ask but we have a right to not answer that question. Its up to you if you are going to explained to them why.

They are supposed to "know their customer".
Better to come clean to the bank. Otherwise, they might just file a suspicious activity report about you to the regulator. You wouldn't want that happening, would you? 

But if my excuse is so very private, they would care? And they can create a report on me by writing how much did i deposit and withdraw. Thats all and if i didn't tell them the reason they can't do anything.

as i said above it depend on the amount you move, moving below 1k, may do nothing, but if you move 10k-100k, is another story, something will be asked at you at that point

[Bitdonator]

Read this tread.
https://bitcointalk.org/index.php?topic=871213.0

Genius way to save money, bitcoins, and other valuable things

[Dotakels]

Read this tread.
https://bitcointalk.org/index.php?topic=871213.0

Genius way to save money, bitcoins, and other valuable things

Good idea its helpful but its better to spend your bitcoin with your personal interest like making a business or having an investment. Because if we only store our coins the quantity of bitcoin in circulation will be low and may cause of bitcoin shortage.

[operrajunk74]

Saving money is an art and requires a great level of discipline. Prepare an budget and action plan and follow this plan with a great level of discipline presently the youth believes in spending rather than saving money so reduce unwanted expenses and try to save each penny in the best possible way.

[umaOuma]

Read this tread.
https://bitcointalk.org/index.php?topic=871213.0

Genius way to save money, bitcoins, and other valuable things

yeah saving and investing goes together...saving in bitcoin at present is the best option as you know that you are gonna land safely in the future and the other thing i would prefer is gold that can give you best return on investment and when it comes to bitcoin it is the future.

[Dotakels]

Saving money is an art and requires a great level of discipline. Prepare an budget and action plan and follow this plan with a great level of discipline presently the youth believes in spending rather than saving money so reduce unwanted expenses and try to save each penny in the best possible way.

And also they need a goals so that they have an inspiration to save, and thats right having a discipline with their selves.

[BTCevo]

Saving money is an art and requires a great level of discipline. Prepare an budget and action plan and follow this plan with a great level of discipline presently the youth believes in spending rather than saving money so reduce unwanted expenses and try to save each penny in the best possible way.

Yes its true that we need a great dicipline to save money but some of them can't even save a penny because the payment that they received is barely fit to their expenses. Some of them are easy to say but never done it before

Read this tread.
https://bitcointalk.org/index.php?topic=871213.0

Genius way to save money, bitcoins, and other valuable things

yeah saving and investing goes together...saving in bitcoin at present is the best option as you know that you are gonna land safely in the future and the other thing i would prefer is gold that can give you best return on investment and when it comes to bitcoin it is the future.

I dont think so because bitcoin is in a volatile price and this is just a short time investment so better dont save it too long and if you really got some fiat to get gold better for you save more gold because from what I saw that gold price is always raise in every year so this is a best investment that I know for now