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Author Topic: Dividing your salary.  (Read 18183 times)
ducphucmmo
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March 14, 2018, 01:09:14 PM
 #781

I can afford to buy bitcoin and start my investment. Just keep in mind that before using your salary/money for investment you have to prioritize your needs first like food,clothing,shelter etc. Only use the extra money from your salary so that it wont be too heavy on your part. As we all know investing is too risky. That all depends on your salary and your needs
ervinmadureri
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March 14, 2018, 01:09:38 PM
 #782

Yup, don't take a risk with investing more in bitcoins. Let's divide your salary and how much you left in that take 20% or 30% of the money and buy bitcoins. Because the price of the bitcoin is not always stable at a high price. We are not sure when it will come down and when it will go up. I'm dividing my salary to the needs of my family especially my house. I want to fix it little by little
Rebisco
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March 14, 2018, 01:20:29 PM
 #783

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?
You can save more money if you can divide your profit properly. Before you create a plan, you must base your plan on the your salary. If your salary is low, you should focus on your basic needs rather than to do investment.
Bitcoin_trader2016
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March 14, 2018, 02:52:07 PM
 #784

This is correct you have to devide your salary in 3 of 4 so you can put a budjet in your family and friends also you can put an investment in trading and for long term investments in bitcoin.

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March 14, 2018, 04:30:22 PM
 #785

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?


Proper budgeting and usage of our income is necessary for us to set things better in the future. As for me, what J do is just to list down our necessities first and payments for bills. I think it is better if we'll place atleast 5% of our income in crypto. We all know that it would be risky if we'll store more if our salary is not that high.
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March 15, 2018, 09:17:52 AM
 #786

I would say only 5-10% of your salary, you have the funds to trade and invest on bitcoin but you cannot risk a major proportion of salary in it . If you are an expert in trading then you can investing a higher percentage but if you are new to it then i suggest you to start low key . Trading needs a little experience and tactics to know whether the trade will be beneficial or you will end up getting heavy loss.
cryptonad
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March 15, 2018, 09:19:28 AM
 #787

In my case I invested only those I am afford to loss.
waldenari777
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March 15, 2018, 09:29:33 AM
 #788

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?

And we still don't know your salary scale. Optimal percentage may vary according your income. Anyway, this value shouldn't be more then 10% of your total income per month.
cheezcarls
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March 15, 2018, 11:01:53 AM
 #789

Assuming that I have a $1,000 salary, I usually divide them into the following:

10% - Tights (church)
10% - Give back to the family
20% - Cryptocurrency investments/trading
20% - Savings
30% - Utility bills, basic needs for the family like food
10% - Personal needs and wants

This is just my own, but I know you have a different way of dividing your own salary into something, especially if you want to trade in the crypto market or investing in ICOs. It is important that you should only invest what you can afford to lose, and do not be greedy as well. Don't rely on one altcoin only, but you should invest in more altcoins so that you will not be disappointed if the market crashes.
cryptoblue77
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March 15, 2018, 11:08:06 AM
 #790

Start investing 50 percent of your salary. As you gain experience, you can invest more. Initially don't go for a big amount, invest 20 percent every month of your salary.

Hillthy
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March 15, 2018, 11:52:40 AM
 #791

When I see the potential of the crypto and bitcoin market. I saw that was a good opportunity for me to change my way of life, and that bitcoin and crypto changed my mind. Being aware of it is an opportunity but also a risk. I have set up a savings account with 40% of my monthly salary for investment. This is always beneficial for the right time to buy as right now.
jambul_kribo
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March 15, 2018, 12:01:36 PM
 #792

I would say only 5-10% of your salary, you have the funds to trade and invest on bitcoin but you cannot risk a major proportion of salary in it . If you are an expert in trading then you can investing a higher percentage but if you are new to it then i suggest you to start low key . Trading needs a little experience and tactics to know whether the trade will be beneficial or you will end up getting heavy loss.
good advice for us,with that percentage the risk is not too big for us.especially for daily need.we still have more money to sufficient daily needs.while we are being expert it could be add to high percentage for this invesment.

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iv4n
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March 15, 2018, 01:43:41 PM
 #793

I plan to divide %50 of what that's left from my monthly salary. %50 to crypto, %50 to Dollar. Can't lose... right?

How much is your salary? Can you live entire month with just a half of your salary? You can lose some weight if you stop eating for sure. Anyway remember the old rule next time when you plan to invest in anything, don't invest more then you can afford to lose, that is a golden rule, only like that you can't lose.
You don't need to divide your salary, what you can do is to pay all bills, food, and other necessary needs and only what is left can be divided. Even that part is tricky, you will go out maybe, spend some money on fun, if you have kids you need to have some money with you always. Divide what you can spend, don't divide whole salary, do that only if you salary is big enough to handle the life you living.

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Gheka
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March 15, 2018, 03:09:46 PM
 #794

I plan to divide %50 of what that's left from my monthly salary. %50 to crypto, %50 to Dollar. Can't lose... right?

How much is your salary? Can you live entire month with just a half of your salary? You can lose some weight if you stop eating for sure. Anyway remember the old rule next time when you plan to invest in anything, don't invest more then you can afford to lose, that is a golden rule, only like that you can't lose.
You don't need to divide your salary, what you can do is to pay all bills, food, and other necessary needs and only what is left can be divided. Even that part is tricky, you will go out maybe, spend some money on fun, if you have kids you need to have some money with you always. Divide what you can spend, don't divide whole salary, do that only if you salary is big enough to handle the life you living.
Agree, we should not divide our salary because that would affect our personal lives, even our families when we do not have enough money to maintain normal life as in the past, I would not like to borrow money from others, it is very embarrassing. Therefore, we always need to provide enough personal and family needs that is the first thing we have to do, then think about the investment, reasonable strategy and should not put too much money on investment, that will help us avoid big losses

playboy654
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March 15, 2018, 03:21:52 PM
 #795

I plan to divide %50 of what that's left from my monthly salary. %50 to crypto, %50 to Dollar. Can't lose... right?
Splitting your earnings to invest for bitcoin and remaing will be your budget for your expenses you can use this way to make good investment or you can properly earn from bitcoin so my opinion is bitcoin investment is needed for all.

Synaesthesia
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March 15, 2018, 04:18:44 PM
 #796

yes, I totally agree with your view of point. in this life now, fixed income is not enough for you life. you need spend apart of your fund and invest in cryptocurrency
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March 15, 2018, 05:58:15 PM
 #797

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?


Dividing our salary would take a lot of self discipline and self control. For us to limit ourselve in over spending, we must know how to budget our salary appropriately. Crypto has been my help with my finances so I am very willing to place about 5-10% of my salary for my investment. I know that it would all worth it for me in time.

bayupermana
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March 15, 2018, 06:45:35 PM
 #798

yes, I totally agree with your view of point. in this life now, fixed income is not enough for you life. you need spend apart of your fund and invest in cryptocurrency
But you should be careful when you're trying to fix your income, i saw there are many people lost everything when they're trying to do it and i do believe the cryptos are only fit with risky people only.
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March 15, 2018, 07:12:45 PM
 #799

i dont divide and invest to crypto market anymore. i already invested a few times last year. and i keep trading with them i do not add any new investment to crypto market. But ıif i could cash out during last peak it would be very good nowadays to invest in more.
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March 15, 2018, 07:18:11 PM
 #800

On the issue of dividing your salary to invest is a pretty good idea, but first consider the amount your receive monthly, and also consider you needs. You could start by deducting about 3% to 5% , but that's after you have taken care of most of your needs as we know that not all needs will be met. Pay all necessary bills then deduct that percentage, am sure you'd reap the reward.
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