Dividing your salary.

[iram1011]

That depends on your expenses and liabilities. After deducting this, park some money for emergency and rest can be invested in various commodities. it usually account for 30-20% of your salary. From that amount, I am investing about 60-70% in Bitcoin or cryptocurrencies alone and rest in other assets.

[darligo]

After reading Alchemist, I've made a rule to save 10% of my total income.
5% for real money, 5% for cryptocurrency.
I'm satisfied with it

Quite wise, I guess, but why not all the savings for cryptocurrency?

[eternalgloom]

It's something that everyone should decide for themselves, I mean everyone earns a different salary, has different expenses etc.

But I can give some sort of general advice that I live by.

I just try to live as frugal as possible and just see how much I have left by the end of the month.
Part of that goes into crypto and part of it also goes into a regular savings account for easy access.

[bamboylee]

If you consider bitcoin as an investment, then you should allot 10% or more of your salary into it. You should allot first for your investment, then the rest of the money for your immediate needs and other expenses. Investment should always be the priority in order to have a better financial status in the future.

[weblouartisan]

In my opinion you dont really need to divide your income, Dont use your salary but instead join signature campaigns in this forum and take it as your sideline, If your'e planning to become a trader then in my opinion start investing in alt coins because its cheaper but if you really want to pursue on using your salary then just use maybe 10% of it because everyone here is starting small and there's no need to rush.

[1Referee]

In my opinion you dont really need to divide your income, Dont use your salary but instead join signature campaigns in this forum and take it as your sideline, If your'e planning to become a trader then in my opinion start investing in alt coins because its cheaper but if you really want to pursue on using your salary then just use maybe 10% of it because everyone here is starting small and there's no need to rush.

Joining and earning pocket change (in coin terms) through signature campaigns may be sufficient for certain people, but the majority of the traders aren't okay with the few bits they have generated for trading purposes. I have noticed that the majority of the people participating in signature campaigns are seeing it as part of their income, but in reality it isn't, and never will be. Signature campain rewards should be seen solely as a bonus - purely for the reason that you can't just endlessly rely on signature campaigns to exist. Simply buying Bitcoin has always been the best option, and allocating 10% of your monthly income to buy Bitcoin with is a very comfortable way of enlarging your Bitcoin positions.

[eaLiTy]

Hello, as we all know that Bitcoin is heading straight to the moon. Me, as an employee, do also invest with this cryptocurrency, and I kinda need to divide all of my salary for my needs, and on how much should I invest in? Let's talk about percentage. Anyone?

Investing depends upon how much you are willing to risk at this stage,every investment has its risk and so is the case with the crypto currency market,make sure that you put a small amount of money with every promising projects and it could double your profit in a short time and so is the case with bitcoin,i wont encourage anyone to invest every cent he got into any investment,make sure you have a certain percentage according to your pocket.

[suzanne5223]

Hello, as we all know that Bitcoin is heading straight to the moon. Me, as an employee, do also invest with this cryptocurrency, and I kinda need to divide all of my salary for my needs, and on how much should I invest in? Let's talk about percentage. Anyone?

I'm glad you did know bitcoin is heading straight to moon and if I were you I'll divide my salary this 45%, 15% for electricity bill and 40% for food stuff/clothing etc.

[Casdinyard]

Of course you should prioritize first your needs and just alot some in investing like maybe 10-20% of your earnings.
Dont put all your salary into this or your family will starve. With that percentage I know you can buy some good coins. Since this is your monthly salary, I think you can buy one at a time of coins that you want so you can pick well. Just be picky in choosing so your money will not go to nothing

[777Bitcoin]

50/50 is enough but it can changed if your salary rate and everyday needs is high. In every investment there is sacrifices and i think your ready to do it. You can saved some money while online, for it will also take less of your nights habit, so it will save just like that.

[Sled]

If you want to invest and get some part of your salary into bitcoin then i think it is better to just stay from ranging 10-20% of your salary will be going in bitcoin because that percentage of investment in bitcoin is a safe one for me and i don't think that it will be hard for you to let that money go into bitcoin since it is only about 10-20%.

[knightmairesaint]

Hello, as we all know that Bitcoin is heading straight to the moon. Me, as an employee, do also invest with this cryptocurrency, and I kinda need to divide all of my salary for my needs, and on how much should I invest in? Let's talk about percentage. Anyone?

This is a smart way you can do in bitcoin, you need to divide your income in some things to avoid losing all. This is because you can earn also in another way, do not save all your money in bitcoin, use the other in some business or save it to the bank to makr sure you have a money in the future. And sometimes we can not avoid to use our money in some important things so much better to hold a fiat because crypto-currency price is not stable (chances to lose some profit).

[MyIdeas]

Well it might be necessary to divide your salary you can engage yourself in extra jobs online just to earn bitcoin like signature campaigns and other services with the aim of investing every bitcoin if you can do this successfully for a year I can assure that you must have saved enough bitcoin while you spend your salary on other expenses.

That is better approach in dividing salary. You must divide your salary but start working online and as just said start signature campaigns. These will give you enough money at end of year to start investing properly in parallel to your salary that will be spent on your daily expenditures.

[Sled]

Well it might be necessary to divide your salary you can engage yourself in extra jobs online just to earn bitcoin like signature campaigns and other services with the aim of investing every bitcoin if you can do this successfully for a year I can assure that you must have saved enough bitcoin while you spend your salary on other expenses.

That is better approach in dividing salary. You must divide your salary but start working online and as just said start signature campaigns. These will give you enough money at end of year to start investing properly in parallel to your salary that will be spent on your daily expenditures.

Investing and diversifying is the best way to make a lot of money and signature campaign is one of the best way to get money or capital for investing because it is easy to do and it doesn't need too much effort but time. If you are planning to invest then invest to those real and legit investment like bitcoin and other altcoins that are good for long term so you can sit back and relax and watch your money grow.

[Tungsten-1]

50/50 is enough but it can changed if your salary rate and everyday needs is high. In every investment there is sacrifices and i think your ready to do it. You can saved some money while online, for it will also take less of your nights habit, so it will save just like that.

Yeah you are right, for better investment we have to sacrifice. We sacrifice our dreams, we sacrifice our needs, and we sacrifice our wishes. From all these sacrifices we earn a reward in the form of profit from our investment and when we get huge profit then it is the best feelings for you. So divide you salary in the start then after some time you don’t need salary because you will become business man.

[melted349]

Well it might be necessary to divide your salary you can engage yourself in extra jobs online just to earn bitcoin like signature campaigns and other services with the aim of investing every bitcoin if you can do this successfully for a year I can assure that you must have saved enough bitcoin while you spend your salary on other expenses.

That is better approach in dividing salary. You must divide your salary but start working online and as just said start signature campaigns. These will give you enough money at end of year to start investing properly in parallel to your salary that will be spent on your daily expenditures.

Investing and diversifying is the best way to make a lot of money and signature campaign is one of the best way to get money or capital for investing because it is easy to do and it doesn't need too much effort but time. If you are planning to invest then invest to those real and legit investment like bitcoin and other altcoins that are good for long term so you can sit back and relax and watch your money grow.

Just like some here do dividing salary would be great. And agree with that when investing look for the legit so before doing that much better to make a study for where you want to invest.

[kelstasy]

In my situation in my job the pay is quite good, I try to keep the 50% and the other 50% is for the food, grocery and allowance, still living with my parents so no need to pay rent. What I'm earning here in forums I try to keep it and hoping the price of btc will boom for my early retirement and business plans.

[peter0425]

Just go divide your salary first and budget it and what is left is put into your investment. Its also important to just invest what you can afford. So that if will not be very hard for you. And later on, when your investment have grown, then probably its time for you to withdraw it and try to re-invest in other portfolio, because its really good to diversify and not put all your eggs in one basket, if you know what I mean.

But don't move out of your job yet, because profits in trading crypto is very unstable. Just continue to work and grow your investments overtime.

[BingoDog]

Everything depends on how big is your salary and what are your daily needs and overall monthly expenses. My advice would be that from the money that has left you when you covered all expenses you take about 10-15% and invest it in bitcoin. The rest you put in some other investment because it's not good to put all eggs in one basket.

[Bagaji]

Investment in bitcoin or crypto currency is good because there is a possibility of you making profit from your investment. But it will be good for you to invest the amount of money you can afford to lose in other to avoid HAD I NO. I will advise you to invest some part of saving from your monthly salary. In doing so, your will be inconfirmity with Economics theory that says Savings is equal to investment.