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Author Topic: Dividing your salary.  (Read 18127 times)
gameK
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October 04, 2017, 03:42:59 PM
 #281

Yes, you should divine your salary to invest on Bitcoin. Besides of investing, you have to pay your foods, your needs and your family . So if your purpose is going to be big. You should spend 30-35% of your salary to investing Bitcoin. Which can bring you a good future , insurance for your finance and huge money for your kids.
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October 04, 2017, 04:00:03 PM
 #282

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?

Im my opinion do not spend that much pn investing, like your work salary will be given into the investment no. Or maybe just 10 to 20% of it will do. But the one that I invest in on cryptocurrency was my profits here in this forum. Aside from my personal job, I also do bitcoins as what you can see. So those profits that I get in here are the one that be invested in here. Because if I lose my money in that, there are no guilt or no hard feelings because it is not came from my hard work in real jobs.

That's good. Since we all believe here that bitcoin will be a lot more expensive in the future, its best that we have somewhere we can get our savings from without compromisig needs. Like in your case, since you have your regular work, the btc you earn through signature exclusively goes to btc savings

I do agreed on that matter, that's why it is still much better to save more bitcoin now. Therefore, if you have a work now now then you are doing bitcoin as part time job, why not try to deduct the 20% of your salary will goes to bitcoin savings.
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October 04, 2017, 04:25:57 PM
 #283

Yes, you should divine your salary to invest on Bitcoin. Besides of investing, you have to pay your foods, your needs and your family . So if your purpose is going to be big. You should spend 30-35% of your salary to investing Bitcoin. Which can bring you a good future , insurance for your finance and huge money for your kids.
if you can really save that much and lessen your expenses and convert that into bitcoin or other crypto currencies I'm positive that it will be a huge
amount after several years crypto can bring a lot of things for its believers.
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October 04, 2017, 07:22:55 PM
 #284

if a person save some of amount from their salary and start investing that amount in bitcoins then it will give a bright future to him because investing in bitcoin is most beneficial for most of the time for the people and the time will reach that a person will have more profit than his salary.
astaris
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October 04, 2017, 09:45:35 PM
 #285

I see that many people reply "it depends on your salary". However, I think that no matter what your salary is everyone can afford 5% per month. Do you agree? Just think about it and do some calculations. I was thinking about different jobs I have had and basically every time I would be able to afford to save at least 5%.
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October 04, 2017, 10:18:47 PM
 #286

if a person save some of amount from their salary and start investing that amount in bitcoins then it will give a bright future to him because investing in bitcoin is most beneficial for most of the time for the people and the time will reach that a person will have more profit than his salary.
Making passive income is not  same with buying bitcoins.Maybe in 10 years we will see  huge  bump on prices



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October 04, 2017, 11:20:36 PM
 #287

Bitcoin is an investment. The same way you would set aside a portion of your salary to invest in potentially profitable things the same is true for bitcoin. The amount you choose to invest would be dependent on your overall salary. For one person 5-10% might be enough. For another, they might be able to invest 15-20% and still cover all of their expenses. Invest what you're comfortable with is my philosophy.

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October 04, 2017, 11:32:49 PM
 #288

I see that many people reply "it depends on your salary". However, I think that no matter what your salary is everyone can afford 5% per month. Do you agree? Just think about it and do some calculations. I was thinking about different jobs I have had and basically every time I would be able to afford to save at least 5%.

I agree 5% will do but it's much better if you can make it more or add some more percentage like 5-10%. When you've got the salary, deduct all the expenses and the remaining amount is good for investing and that's way better rather than letting the bank take the advantage of your money, better to invest it to cryptocurrencies and you can even make it double or triple in no time.

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viralz
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October 05, 2017, 12:29:20 AM
 #289

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 do it in an acceptable portion,
it may go 5%
and the other month, I could go even more than 20%.
It depends on the condition, I applied to a higher percentage if I got the bonus Smiley
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October 05, 2017, 02:41:18 AM
 #290

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?
An employee is accustomed to receiving salary with the same nominal, you must already know how much it costs to cover your personal needs, and how much the rest of your salary.
My advice is to use 50% of the salary remaining to invest, maybe it's better.
bmichael05
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October 05, 2017, 11:11:45 AM
 #291

It depends on your aims. If your want to make long term invetments it will be nice to invest from 10% every month but but not all in crypto. Also at least half to invest in conservative instruments.

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October 05, 2017, 06:46:58 PM
 #292

Every person try their best that he should save some money from their salary. So if he save the money and convert them to bitcoin and save them in bitcoin then as we experienced from past that bitcoin rate is increasing very quickly so that saving money will become a huge money in future.
Jack353
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October 05, 2017, 08:50:25 PM
 #293

You should check out the 50-30-20 method:

50% - goes to all necessary expenses. Rent/mortgage, utilities, etc.
30% - is allocated flexibly for other misc. expenses.
20% - goes to all financial concerns like savings and investing.

This method is widely accepted as a simple and effective way to divide income however, you may find that a slightly tweaked version may better suit your needs.

Good luck and always use information to pave your own path, don't follow generic examples!  Tongue
jostorres
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October 07, 2017, 11:01:29 AM
 #294

I am just trying to convert all my earnings into crypto now. I exchange them to fiat or spend them when I need it. Otherwise, everything will be in crypto, mostly bitcoin and only sometimes it will be in my favorite altcoins. At least 35-40% of my earnings goes to savings.

This is very dangerous, even you like crypto that much, you need to save some fiat currency so that you don't cry if a major market crash happens ever.

Even if I believe that bitcoin is a good investment, relying on crypto too much is risky and dangerous. You should still leave some of your savings in fiat currency. We can never say what the future will be and if ever a market crash happens you would lose all your savings. Even if we want to stay positive and believe that Bitcoin will continually be strong, we must always have a back up so don't convert all your fiat savings into crypto just yet.
Yes that true, for me the smartly way of securing our future is to divide our income in investing to bitcoin/crypto-currency, some of you income will be for business, and save a fiat for financial needs. In this strategies I can make sure that the future is secure. It is because like what you said that if bitcoin will crash atleast you have another source of income, and incase that crypto-currency price is low you have an alternative source of funds for unexpected matter.
You are right probably. This is the case everyone faces out there. Basically, people find it as the best of all available digital currencies and therefore they think that it’s better to convert all their belongings in the form of BTCS and save them in their wallets.

But the reality is that how could anyone be as fool to rely on something that has no permanent value I don’t do this. I keep most of my money in the form of fiats and have a limited thought about having BTCs.

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d1ceplayer
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October 08, 2017, 05:06:43 AM
 #295

I am just trying to convert all my earnings into crypto now. I exchange them to fiat or spend them when I need it. Otherwise, everything will be in crypto, mostly bitcoin and only sometimes it will be in my favorite altcoins. At least 35-40% of my earnings goes to savings.

This is very dangerous, even you like crypto that much, you need to save some fiat currency so that you don't cry if a major market crash happens ever.

Even if I believe that bitcoin is a good investment, relying on crypto too much is risky and dangerous. You should still leave some of your savings in fiat currency. We can never say what the future will be and if ever a market crash happens you would lose all your savings. Even if we want to stay positive and believe that Bitcoin will continually be strong, we must always have a back up so don't convert all your fiat savings into crypto just yet.
Yes that true, for me the smartly way of securing our future is to divide our income in investing to bitcoin/crypto-currency, some of you income will be for business, and save a fiat for financial needs. In this strategies I can make sure that the future is secure. It is because like what you said that if bitcoin will crash atleast you have another source of income, and incase that crypto-currency price is low you have an alternative source of funds for unexpected matter.
Of course one should never rely on cryptos 100% because it is very risky. I often divides my salary in the following way:
1.   30% for expenditures.
2.   40% for investments in bitcoins.
3.   And 30% for savings in fiat so that in case of emergency or crisis I can utilize them.
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October 08, 2017, 10:16:34 AM
 #296

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 have my family to sustained all their expenses.And my salary is not enough to divide on it ,my earnings on bitcoin help me  to provide all the expenses and pay all my bills.Now that I have earnings i  bitcoin half of my earnings in it I save it for some future purposes.All my salary spend on our expenses and other needs of my children and my earnings on bitcoin I save it to make it higher and profitable when it increases.
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October 08, 2017, 01:23:42 PM
 #297

It all depends on your salary. Each person has a different level of salary and needs. I invest 10% of my salary without affecting my monthly needs. I also have a little left just in case.

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October 08, 2017, 07:11:48 PM
 #298

It all depends on your salary. Each person has a different level of salary and needs. I invest 10% of my salary without affecting my monthly needs. I also have a little left just in case.
maybe for some that they are getting all their needs for what salary they can get here so they make some dividing but for me all salary that i get here is for investment then for my savings this is where i save.
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October 08, 2017, 08:04:36 PM
 #299

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?

For me, I also divided my monthly salary in to three, one is for my monthly allowance, two is for my share in my family and three is for bitcoin, maybe its more or less 50% of my monthly salary are goes to bitcoin and the rest are for my allowance and for my family (parents).
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October 08, 2017, 08:17:39 PM
 #300

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?

For me, I also divided my monthly salary in to three, one is for my monthly allowance, two is for my share in my family and three is for bitcoin, maybe its more or less 50% of my monthly salary are goes to bitcoin and the rest are for my allowance and for my family (parents).
The good part is that you granted your trust in the crypto tehnology and you made a wise decision. Regardin dividing the salary, i think that every procentage it's welcome ass long it is biger then the beer monthly money and you can still cover your monthly need. The nice part of procentage is that 10-15% it can mean 20$ or 2 000$. I hope it's the second one, and if not, then it will be Wink good luck in investing your income.
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