Best way to manage money?

[serjent05]

To manage money first of all you need to earn a proper capital. That earning can be your primary source-stable but low income (job, business, mining)

After that start to do research on legit investments and trading. Next invest a capital on those investments. Make sure to retain enough capital for the next few steps as well.

Start altcoin trading and mining. If you can predict properly about the market you can make a lot of money on it.

altcoin trade possible, but it requires experience. A person without experience can lose a lot of money

That is so true. For example those bots on yobit which make it look like a panic buying has started. I fall for that couple of times before it was explained to me by some good people in the chat. So my advice is when you see fast updating TRADE HISTORY look closely at the orders to see how much is really bought each time and you'll be surprized how small those amounts are.

It's usually the smallest amount possible. Just to make their coin blink continuously as if people have been hyping up that coin. I think of it as a way of people to advertise that coin. The people in the chat box also do that by waiting for newbies that ask for what coin to buy and then they say the coin that they've invested into. That way, their coin will increase in price even just a little bit.

Nope it is not to increase the price but rather to have someone to sell their coins.  If you observe closely how the trade with bot move, you can see  the lowest sell order almost sold, yes  they will let it sold by buying it themselves, then just buy some to the next sell order and set the coins they bought to the sell wall again. I have seen this case many time.  Like sell wall at 5 satoshi being sold out since the remaining coins is at 0.01 BTC amount, then when someone bought in it, the sell volume increase again at that price.  So people who are telling the new comer to buy the coin are just telling them to do it so they can sell their coins and exit.

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[prtty2gal2]

Its not easy to manage money specialy for students like me.But if youre a wise person it would be easy for you to manage your money.My advice is just always save some part of your money and dont waste money on things that is not needed or not important

As a student you should already start managing you money because when you cannot manage with small amount of money how much for if you are holding a huge amount of money. Learn to manage from small things to be trusted in the big things.

Yes i already start managing my money because my course also related in money (accountant) i always start with small amount of money for example my parents give me 50$ for one week and i can save 25$ into it learning or not spending for goods that you know you can't use it daily don't buy it save it.

I guess you are still a student (or at least still depending on our parent) yet you have started to save money. That is really very nice of you, I strongly believe you will be having very better future if you keep on saving some money whatever amount you will be able to. Saving money is the one of the simplest way to manage money effectively.

[digaran2]

I think that you should save your money, cutting your spendings by only buying what you need. I think that's a better way to manage your money.

[NEWGOODOUBLE]

Its not easy to manage money specialy for students like me.But if youre a wise person it would be easy for you to manage your money.My advice is just always save some part of your money and dont waste money on things that is not needed or not important

As a student you should already start managing you money because when you cannot manage with small amount of money how much for if you are holding a huge amount of money. Learn to manage from small things to be trusted in the big things.

Yes i already start managing my money because my course also related in money (accountant) i always start with small amount of money for example my parents give me 50$ for one week and i can save 25$ into it learning or not spending for goods that you know you can't use it daily don't buy it save it.

wow I really want to have an assistant accountant so they can do manage the finances and of course arranged for me is not taxable too big lol
I think with the abilities you can save money easily

[fiscorcle]

It is best to put it into an mutual fund and let it grow on it's own. You don't need to do a thing to it.
That is what most money management professional will tell you.

[Maslate]

It is best to put it into an mutual fund and let it grow on it's own. You don't need to do a thing to it.
That is what most money management professional will tell you.

The one you've mentioned was only part of how to manage your money and you called that as investment hoping to grow it. But there are a lot of things to do before you will reach in that situation, you have to prioritize first on how to save and that saving thing is very important for all of us for the future plans. Living in this world requires us to spend for our daily needs to survive, and the biggest challenge is on how to manage our expenses first.

[Betwrong]

To manage money first of all you need to earn a proper capital. That earning can be your primary source-stable but low income (job, business, mining)

After that start to do research on legit investments and trading. Next invest a capital on those investments. Make sure to retain enough capital for the next few steps as well.

Start altcoin trading and mining. If you can predict properly about the market you can make a lot of money on it.

altcoin trade possible, but it requires experience. A person without experience can lose a lot of money

That is so true. For example those bots on yobit which make it look like a panic buying has started. I fall for that couple of times before it was explained to me by some good people in the chat. So my advice is when you see fast updating TRADE HISTORY look closely at the orders to see how much is really bought each time and you'll be surprized how small those amounts are.

It's usually the smallest amount possible. Just to make their coin blink continuously as if people have been hyping up that coin. I think of it as a way of people to advertise that coin. The people in the chat box also do that by waiting for newbies that ask for what coin to buy and then they say the coin that they've invested into. That way, their coin will increase in price even just a little bit.

Nope it is not to increase the price but rather to have someone to sell their coins.  If you observe closely how the trade with bot move, you can see  the lowest sell order almost sold, yes  they will let it sold by buying it themselves, then just buy some to the next sell order and set the coins they bought to the sell wall again. I have seen this case many time.  Like sell wall at 5 satoshi being sold out since the remaining coins is at 0.01 BTC amount, then when someone bought in it, the sell volume increase again at that price.  So people who are telling the new comer to buy the coin are just telling them to do it so they can sell their coins and exit.

I think most of the new altcoins are made to be hyped and then slod in the first few days or even in the first few hours. People who buy them have all the chances to lose their money because the price you can sell for is almost always lower than the price for which you've bought.

[bitcoinisbest]

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

[Qunenin]

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

[Mr.grin]

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

This may be one way to be attempted. Well, lately I organize my finances poorly. so, I'm looking for ways to manage finances are good here, and I felt that I was too wasteful in using the money. maybe a little investment would make it better

[Mastsetad]

I think that you should save your money, cutting your spendings by only buying what you need. I think that's a better way to manage your money.

That is actually the best way of managing money, just to buy the things you need and not spending anything or something you don't really need but save the money if you buy everything and they still remain, that is the best way of managing money.

[Bitcoinsummoner]

I think that you should save your money, cutting your spendings by only buying what you need. I think that's a better way to manage your money.

That is actually the best way of managing money, just to buy the things you need and not spending anything or something you don't really need but save the money if you buy everything and they still remain, that is the best way of managing money.

Same here that you should save the partial amount and never spend it and use some for your money if what ever you want to do about it budgeting too is  one of needed so that you can save more and if you are saving it in bitcoin it is more chance that you can get more profit..

[izanagi narukami]

I'm usually invest 10% from my main salary into bitcoin and the rest I can keep it for other expense
Just buy something that you need the most and if you want to gambling , just make sure that you're ready to lose instead win

[socks435]

I'm usually invest 10% from my main salary into bitcoin and the rest I can keep it for other expense
Just buy something that you need the most and if you want to gambling , just make sure that you're ready to lose instead win

This is always the good choice since the price of bitcoin is keep increasing so 10% is not a big problem to invest your money in bitcoin and hold it for a long time and do not spend it so that if you save a large of bitcoin someday you can start your own business or you can use it in other activity that you can scale up your money and make it as passive income with your business or even buy low and sell high is a good thing that you can make a good profit..

[KennyR]

Managing money is a form of art, to be successful one needs to learn or need to know through his regular experience. When one is successful in money management, sure he makes a better standard of living compared to a person who earns the same amount but lacks in money management.

[Wandering Soul~]

I think the best way is to divide your income like 70% For the needs, 20% for the wants and 10% for savings but it really depends from persn to person .  Example if your whole salary goes only to yourself you can narrow your needs to 40-50% and 40% will be for your wants but if you're like me who helps in supporting our family the first one will do . But since I'm earning extra cash through bitcoin all of my bitcoin related incomes will go to my wants, So bitcoin really helps a lot .

[el kaka22]

Managing money is a form of art, to be successful one needs to learn or need to know through his regular experience. When one is successful in money management, sure he makes a better standard of living compared to a person who earns the same amount but lacks in money management.

In my opinion managing money is nothing but saving.
When you are fully concentrating to save more than you will manage spending ways very carefully and properly. Saving will get you opportunity to hold your money. It means managing money will be easier when you are holding it. So saving money is a way to manage it easily.

[salmanahmedone]

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

Alo I guess trading will keep your money grow too.
Being wise on growing money is not bad just not to be greedy on having it.

[Zisove28]

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

Alo I guess trading will keep your money grow too.
Being wise on growing money is not bad just not to be greedy on having it.

Yes, greed - it is a very negative trait that can lead to large losses. The trade can not be emotional. You should always exercise wisdom and patience. This will help to multiply capital

[jvc12]

There are various ways manage money the no 1 principle is to know learn money yes at all time we must learn how to make invest and making good savings we must always try as much possible avoid too many friends because too many friends can make some one miss use his or her money no matter what.