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Author Topic: If you were in desperate need for money....  (Read 208989 times)
CyberKuro
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April 23, 2017, 06:00:38 PM
 #2281

So I'm not those last moment type of people i always keep sufficient savings. Currently the money i have in bank will be sufficient for me to live in my home country for 4-6 months including ticket fare. And 1-2 months in foreign countries. I also have funds in bitcoin and few alts so that will also help.

Its always good to have an habit of saving money either in bitcoins or in fiat as it will take care of you in emergency situation and you don't need to borrow money from your friends or family as your savings will take care of you if you need money desperately.
Luckily I have that hobbit. I am from a country which is not a very rich. getting job and earning a good money is very hard here. so we are naturally saving minded people. any time we get more than our current need we'll save that funds. which is a good thing I think.
Yes, saving is one of good habit for future purposes whether in cash, bitcoin or altcoins. But, how if Op question becomes reality for you guys, a disaster happen and all of your savings are gone?
We won't that case happen, but we should consider it, what will I do if>>
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czvezda
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April 23, 2017, 06:36:54 PM
 #2282

I am earning bitcoins since long time so if I am in desperate need of money then I will think of selling some of my bitcoins so that money can take care of me in my emergency purposes as I am very much sure whatever bitcoins I will spend can be earned again in coming days.
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April 23, 2017, 06:57:34 PM
 #2283

So I'm not those last moment type of people i always keep sufficient savings. Currently the money i have in bank will be sufficient for me to live in my home country for 4-6 months including ticket fare. And 1-2 months in foreign countries. I also have funds in bitcoin and few alts so that will also help.

Its always good to have an habit of saving money either in bitcoins or in fiat as it will take care of you in emergency situation and you don't need to borrow money from your friends or family as your savings will take care of you if you need money desperately.
Luckily I have that hobbit. I am from a country which is not a very rich. getting job and earning a good money is very hard here. so we are naturally saving minded people. any time we get more than our current need we'll save that funds. which is a good thing I think.
Yes, saving is one of good habit for future purposes whether in cash, bitcoin or altcoins. But, how if Op question becomes reality for you guys, a disaster happen and all of your savings are gone?
We won't that case happen, but we should consider it, what will I do if>>


I also have some amount of money, which I put off for an emergency. But if this amount is not enough, then I will sell the valuable things that I own
Cherylstar86
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April 23, 2017, 09:42:57 PM
 #2284

I will always save my bitcoin in my wallet for future price increase and it served as my investments for better purpose, if ever I am desperate need of money I can immediately withdraw an amount of btc I had in my wallet. With this idea it prevents me from having loans or credits from any person, interest was being skipped with that ways of money needs using your personal holdings.
MB boss
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April 23, 2017, 10:06:43 PM
 #2285

So I'm not those last moment type of people i always keep sufficient savings. Currently the money i have in bank will be sufficient for me to live in my home country for 4-6 months including ticket fare. And 1-2 months in foreign countries. I also have funds in bitcoin and few alts so that will also help.
It's good to be prepared dude and you made the right decision, as for me I am still in the process of accumulating money
for my future and I'm hoping with my stay here in crypto, it will give me fortune.
I also have some money working for me for a few months but still I do not consider that as enough for future needs so I am working to get a business or any passive income which will provide a permanent steady income to me and I will not be in any desperate need of money as it becomes very hard to get some money from anyone in desperate need of money.
Sled
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April 24, 2017, 05:15:51 AM
 #2286

I will always save my bitcoin in my wallet for future price increase and it served as my investments for better purpose, if ever I am desperate need of money I can immediately withdraw an amount of btc I had in my wallet. With this idea it prevents me from having loans or credits from any person, interest was being skipped with that ways of money needs using your personal holdings.
I also doing that because i'm not that person who wants to annoy other people just to get money, so i'm saving my earnings in bitcoin into a paper wallet for being secured offline and away from hackers and i just withdraw it when i need money so i will not be that person who will be on the debt and i always maintain not borrowing to other people so i will not be a loser.
Jewell
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April 24, 2017, 07:15:29 AM
 #2287

So I'm not those last moment type of people i always keep sufficient savings. Currently the money i have in bank will be sufficient for me to live in my home country for 4-6 months including ticket fare. And 1-2 months in foreign countries. I also have funds in bitcoin and few alts so that will also help.

Its always good to have an habit of saving money either in bitcoins or in fiat as it will take care of you in emergency situation and you don't need to borrow money from your friends or family as your savings will take care of you if you need money desperately.
yes that is good to have habit of saving money, but i think there should be a limit of saving money while the rest of the money should be invest in bitcoin trading. because through trading we can increase the amount of our money, while by saving it for a long long time there are more chances that its value will decrease.
Japinat
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April 24, 2017, 07:30:43 AM
 #2288

So I'm not those last moment type of people i always keep sufficient savings. Currently the money i have in bank will be sufficient for me to live in my home country for 4-6 months including ticket fare. And 1-2 months in foreign countries. I also have funds in bitcoin and few alts so that will also help.

Its always good to have an habit of saving money either in bitcoins or in fiat as it will take care of you in emergency situation and you don't need to borrow money from your friends or family as your savings will take care of you if you need money desperately.
yes that is good to have habit of saving money, but i think there should be a limit of saving money while the rest of the money should be invest in bitcoin trading. because through trading we can increase the amount of our money, while by saving it for a long long time there are more chances that its value will decrease.
It should be balance, you save money not only for your possible expenses in the future but also for investment, that way you can expect your money will grow but one must need to take risk if he wants to invest. That is possible if you have a good savings because you are free to allocate a certain amount that you can afford to lose.

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atronite
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April 24, 2017, 12:50:33 PM
 #2289

So I'm not those last moment type of people i always keep sufficient savings. Currently the money i have in bank will be sufficient for me to live in my home country for 4-6 months including ticket fare. And 1-2 months in foreign countries. I also have funds in bitcoin and few alts so that will also help.

Its always good to have an habit of saving money either in bitcoins or in fiat as it will take care of you in emergency situation and you don't need to borrow money from your friends or family as your savings will take care of you if you need money desperately.
yes that is good to have habit of saving money, but i think there should be a limit of saving money while the rest of the money should be invest in bitcoin trading. because through trading we can increase the amount of our money, while by saving it for a long long time there are more chances that its value will decrease.

Trading is not only a single place to invest your money you can invest your money in real world too where the chances of making profits are better in compare to online world and those who are not aware of how trading works will never prefer to invest their bitcoins into it and will find for some safer investments.
kpcian
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April 24, 2017, 01:51:34 PM
 #2290

Money can be a good friend as well as can be a enemy for you. But everyone wants to get money for surviving his or her life in a affluent way. Some people can and some people can't do gather as need as they are.
But saving some portion of income would be a good friend while you are in crisis. You can also afford many things with the help of savings. So a little saving would be a solution for a big problem.
Jrock
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April 24, 2017, 03:09:41 PM
 #2291

Money can be a good friend as well as can be a enemy for you. But everyone wants to get money for surviving his or her life in a affluent way. Some people can and some people can't do gather as need as they are.
But saving some portion of income would be a good friend while you are in crisis. You can also afford many things with the help of savings. So a little saving would be a solution for a big problem.


Yeah if you have managed to save small portion of your income on regular basis then it will help you out at the time of uncertainties and in that situation you don't have to rely on others to borrow money as your savings will take best care of your emergency needs.

axorb
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April 24, 2017, 05:22:32 PM
 #2292

Money can be a good friend as well as can be a enemy for you. But everyone wants to get money for surviving his or her life in a affluent way. Some people can and some people can't do gather as need as they are.
But saving some portion of income would be a good friend while you are in crisis. You can also afford many things with the help of savings. So a little saving would be a solution for a big problem.


Yeah if you have managed to save small portion of your income on regular basis then it will help you out at the time of uncertainties and in that situation you don't have to rely on others to borrow money as your savings will take best care of your emergency needs.

Yes and we cannot depend on other every time when we are in need of money as they will not be willing to help you every time and may be they must be having any genuine reason for not helping and that can create negative feelings in your mind for them.
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April 24, 2017, 08:47:43 PM
 #2293

If I am in desperate need of money then I will take cash advance from my company as I have a full time job so I can expect that I will get help from my company and as a employee even they trust me so it won't be a great issue for me to find money in desperate situations.
mornabo
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April 24, 2017, 11:39:04 PM
 #2294

In desperate need for money is to look for borrow a money and find a loaning lending. Based on my view some of people look for lending. Another one is selling things. That is the easy and fastest way to make money but in a good way.

Yes, it's true, if we need money and there is no other way, selling things is the right choice. but if not have goods, borrowing to others could be an alternative if you really are in need for something very sudden. with a note, you'll get money back to pay it. but when I need money, I usually sell goods.
I think everyone has a valuable item. When they desperate money they can sell their valuables item. But if you think selling valuables item will be very unfortunate. Then use the second way of borrowing money to someone people But you also have to pay the interest. You should consider it well before choosing
phaddie
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April 25, 2017, 01:08:49 AM
 #2295

In desperate need for money is to look for borrow a money and find a loaning lending. Based on my view some of people look for lending. Another one is selling things. That is the easy and fastest way to make money but in a good way.

Yes, it's true, if we need money and there is no other way, selling things is the right choice. but if not have goods, borrowing to others could be an alternative if you really are in need for something very sudden. with a note, you'll get money back to pay it. but when I need money, I usually sell goods.
I think everyone has a valuable item. When they desperate money they can sell their valuables item. But if you think selling valuables item will be very unfortunate. Then use the second way of borrowing money to someone people But you also have to pay the interest. You should consider it well before choosing

If you borrow money from your friends or family then I don't think that they will charge interest from you and will lend you without interest but in that case you need to make sure that you don't delay the repayment and its carried in time.
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April 25, 2017, 02:00:35 AM
 #2296

In desperate need for money is to look for borrow a money and find a loaning lending. Based on my view some of people look for lending. Another one is selling things. That is the easy and fastest way to make money but in a good way.

Yes, it's true, if we need money and there is no other way, selling things is the right choice. but if not have goods, borrowing to others could be an alternative if you really are in need for something very sudden. with a note, you'll get money back to pay it. but when I need money, I usually sell goods.
I think everyone has a valuable item. When they desperate money they can sell their valuables item. But if you think selling valuables item will be very unfortunate. Then use the second way of borrowing money to someone people But you also have to pay the interest. You should consider it well before choosing

If you borrow money from your friends or family then I don't think that they will charge interest from you and will lend you without interest but in that case you need to make sure that you don't delay the repayment and its carried in time.
It depends on the situation or your friends way of thinking, I have small lending business in real life and when my brothers and sisters borrow from me I always charge them with interest but lower to the normal rate I offered. That's business and it should be separate from any personal attachment to the borrowers, sometimes also I just give money.

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April 25, 2017, 02:07:45 AM
 #2297

In desperate need for money is to look for borrow a money and find a loaning lending. Based on my view some of people look for lending. Another one is selling things. That is the easy and fastest way to make money but in a good way.

Yes, it's true, if we need money and there is no other way, selling things is the right choice. but if not have goods, borrowing to others could be an alternative if you really are in need for something very sudden. with a note, you'll get money back to pay it. but when I need money, I usually sell goods.
I think everyone has a valuable item. When they desperate money they can sell their valuables item. But if you think selling valuables item will be very unfortunate. Then use the second way of borrowing money to someone people But you also have to pay the interest. You should consider it well before choosing

If you borrow money from your friends or family then I don't think that they will charge interest from you and will lend you without interest but in that case you need to make sure that you don't delay the repayment and its carried in time.
Yes the friends or any family members is one of the best source of loans because they didn't put interest to you because they trust you and they think that you will pay the money as fast as possible. I have a experience when i borrow money to my family because i'm desperate for money because i'm planning to buy a 3 bitcoins and they lend me and didn't put interest, so i think if you are desperate for money then borrow some money to your friends or family.
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April 25, 2017, 12:48:47 PM
 #2298

Trading is not only a single place to invest your money you can invest your money in real world too where the chances of making profits are better in compare to online world and those who are not aware of how trading works will never prefer to invest their bitcoins into it and will find for some safer investments.

The only safe investment everyone has is the one where they have a lot of knowledge. Example, someone who has a good enough knowledge about computers can open up his own computer rental shop and be able to troubleshoot it by himself. He also knows what to do with the computer if it gets virus. But there are also investors that simply let other people use their money for capital and then get a share of the profit. The investor don't have to learn about the whole business but rather just have to see if the business plan is qualified and if the business has a potential to earn.

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April 25, 2017, 09:58:44 PM
 #2299

I would ask a friend to borrow me some money, and then I would trade them, make the money I want and then give the money back to my friend Wink

Nice. If you would be desperate for money you would risk being even more desperate. I always thought to myself that trading is done by people who can afford the risk. Being desperate doesn't sound as being affordable to risk.

/Sarcasm mode on/ I guess I was wrong on that one and some people have more than one life to risk. /sarcasm mode off/

Maybe im just some weak guy but wow, some people have either balls of steel or are just reckless.
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April 25, 2017, 10:07:29 PM
 #2300

If I am in desperate need of money then I will take cash advance from my company as I have a full time job so I can expect that I will get help from my company and as a employee even they trust me so it won't be a great issue for me to find money in desperate situations.

It's a benefit and it's good for you that you have that type of privilege from your company for taking a cash advance. But not with my company, you can have loan but not a cash advance. And I'm really avoiding to have debt in my company as I don't like to have debt from other. I will stick to ask some of my friends and relatives for money if needed.



 

 

 

 

 

 


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