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Author Topic: Wise thing to do with your savings.  (Read 7659 times)
bhordz357
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June 29, 2018, 06:24:01 AM
 #1001

I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?

You could (and probably should) put it into some form of a safer investment. There are a lot of stock options out on the market that allow for pretty continual growth albeit very slow. This would be better than just leaving your money in a risky investment or just letting it sit under a mattress somewhere because at least you collect some interest. As you keep making money, you'll end up with more in that emergency fund until it becomes something that you can actually work with in a few years/decades.

Well for me savings should be wisely divided into two things there's should be long term savings and short term savings. In long term I can put it to a time deposit for future use. The short term is the money that I used to invest and roll for a day to day transaction. This is also include as emergency funds if case calamity stuck or some emergency bills needed to be settled immediately.

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June 29, 2018, 08:34:38 AM
 #1002

If you dare take the risk then invest in ico, you can quickly become rich if you choose to invest in electronic money. So saving money will not lend to you.
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June 29, 2018, 09:03:05 AM
 #1003

IN my experience, it really depends on your appettite in earning money. You want to keep it relatively safe? Put it in a time deposit. You'll know your possible gains but it will be lower than if you invest in crypto. NOw if you do invest, it will be riskier. But the possible gains is higher and you have hold of your money.

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June 29, 2018, 09:18:48 AM
 #1004

IN my experience, it really depends on your appettite in earning money. You want to keep it relatively safe? Put it in a time deposit. You'll know your possible gains but it will be lower than if you invest in crypto. NOw if you do invest, it will be riskier. But the possible gains is higher and you have hold of your money.

Invest your money in crypto when you really sure on it, when you know how risky you are joining them invest but don't put all your money because you need to save some of your money just in case of emergency .

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June 29, 2018, 09:22:37 AM
 #1005

I prefer that %20 of saving part should be keep safe until the crypto currency market enters bull market. Otherwise that %20 safe saving will be lost.

Well, I like to invest more rather than storing them on my wallet. I always buy coins from my profit and salary. I know saving is good but we should do some future planning.

Not only bitcoin but all crypto curries are risky they're volatility which means my money can increase and decrease.

Yes, there are possible chances either the price may increase or price may decrease everything depends upon buyers and sellers. So, i think some part of our investment profit should go for savings otherwise, it will tough for us to keep on investing.

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June 30, 2018, 12:52:20 AM
 #1006

I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
Here this is better that if you save a part of your earnings in your pocket for the future Investment in the cryptocurrency market again at the time of the emergency .
Right now here what I am doing will surely clear that how I am growing myself economically as well as lowering the risk of the Investment . Usually the amount of earnings that I am doing , split into 3 parts .
First part of earnings get back in the Investment again in the crypto so that I can grow my business of trading more and more  .
Second part of the earnings sell for the Fiat currency and put in the bank for the practical need in my life .
Third part is also saving , but in the form of bitcoin and I uses that bitcoin during the emergency of the need in trading , so that I don't need to beg to anyone for bitcoin for short or long term .
These steps are clearly making me more strong bitcoiner .

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June 30, 2018, 05:46:05 AM
 #1007

Every time it is not good to invest all the profit we made because we are a human being and we don't know from which source we are going to face the problems. So it is always good to save some percentage for saving in order to protect ourselves when we have some problem.

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June 30, 2018, 11:17:50 AM
 #1008

I have always supported the logic of "invest x amount every month". You can invest an extra 100$ every month and buy some coins and put them aside, never look at them until you really really need them, never even touch them unless its emergency. That way price going up or down doesn't reflect on you, you bought when it was high but you bought when it was low as well.

You averaged it and now you have a lot of it in case you need it. This way you can invest into multiple stuff not just stuff related to crypto as well. A real all around life lesson where you can invest on crypto, stocks , gold, hell real estate after a while I suppose.
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July 02, 2018, 05:26:07 AM
 #1009

I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
Emergency funds are not to be deposited in a time deposit account. Time deposit accounts have specific time before you can withdraw it and you can never tell when you are in need of it. Also it is not wise to invest emergency funds because you are doing away with the main purpose of such savings.



Best thing to do  with your savings is to invest, except for emergency fund. From the word emergency ,it means that funds always be ready because we dont know when we can use it.  Emergencies is unpredectable. And when  we allocated a money, savings and emergency fund is not the same. For the savings, it is not a good idea to put in just a bank.if you want to grow your savings ,it best to invest like the cryptocurrency
You have a point we don`t know what exactly will happen so we should have an extra money for emergency funds, as what you have said in terms of emergency we have already available funds to it and having a mindset of saving the money in the bank is good, but if you want your money to become more efficient in the future you can invest in crypto.
You have a point, it is better if we will sort out our money into different ways like the other one can be save for emergencies, other one will be kept at bank and maybe lend on a business. Everytime we get our salary or income always remember to divide into pieces thus, the money will not be problem in case of emergency.
As long as you are an investor, that is good in your case. This is one of the wise things to do with your savings and to invest it in crypto that gives you some good future return.

The best crypto to invest in is actually Bitcoin and ETH for long term. However if you little to invest, you cans go for crypto like NEO or litecoin that will incur you some good money upon cashing. You should also invest in property and real estate as the risk attached to these assets is very low.


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July 02, 2018, 05:42:04 AM
 #1010

I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?


I am just planning to put it into another investment because it is best to make a good gain out of our savings. Rather than storing it if were not using it, then it is important that were earning from it. I believe that we might sometimes be needing money and having an investment is an advantage.

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July 02, 2018, 05:55:11 AM
 #1011

if you  asking about the wise thing to do with your saving, the absolute answer is to use it as you want at first, and for the next thing is to search for good investment to yourself. Investment could help you in many things in the future. Be sure not to wasting your saving in some useless investment.
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July 02, 2018, 06:53:25 AM
 #1012

if I save it is mandatory, because if we save can make our old stock later, if you have money should never in one use, if you have money should be in the tube.
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July 02, 2018, 06:59:07 AM
 #1013

Invest in mutual funds with lump sum. Choose between short term or long term debt mutual funds, which offer good returns overtime.
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July 02, 2018, 11:15:52 AM
 #1014

I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?


I am just planning to put it into another investment because it is best to make a good gain out of our savings. Rather than storing it if were not using it, then it is important that were earning from it. I believe that we might sometimes be needing money and having an investment is an advantage.
I agree with that, it is best for us to have a source of income rather than a sleeping money in the bank or any place that we stored our money because it will just lose its value and it is not the best thing to have and it should be best for us to just invest our money and just keep a few percentage of our money for emergency purposes.

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July 02, 2018, 11:30:20 AM
 #1015

There are many stock options in the market that allow sustained growth to be sustained albeit very slowly. It would be better than just leaving your money in a risky investment or just letting it sit under a mattress somewhere because at least you collect some interest, If you generate 1 million a year, you sure do not dedicate 200 thousand of it to an emergency fund. Which brings me to my next point: the richer tend not to require emergency funds, because they keep some of their value in liquid assets as in real estate. In an emergency.
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July 02, 2018, 12:31:45 PM
 #1016

I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
It is not good if you will just save your money in your cabinet or wallet. If you have a lot of savings, then you should invest it. The inflation rate is always in our economy, if we do not want our money to lose its value; then we should invest it.

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July 02, 2018, 02:03:27 PM
 #1017

I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
It is not good if you will just save your money in your cabinet or wallet. If you have a lot of savings, then you should invest it. The inflation rate is always in our economy, if we do not want our money to lose its value; then we should invest it.


Wise thing to do my savings? Its a good question but hard to accept if you dont have any savings.

Well the wise thing to do is separate your money in your savings, the one fourth is put it in the bank account of your children, then the another one fourth is keep it for emergency then the half of your savings is invest it in the stock market so that it will generate income to you.

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July 02, 2018, 02:41:26 PM
 #1018

I think the wise thing for your savings is not to invest money in savings in cyrpto currancy because it has a high risk to lose money, I think at most to invest 30% of the savings we have, in case of loss we still have money reserves

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July 02, 2018, 02:47:34 PM
 #1019

should put it into some form of safer investment. There are many stock options in the market that allow sustained growth to be sustained albeit very slowly. It would be better than just leaving your money in a risky investment or just letting it sit under the mattress somewhere because at least you collect some flowers.
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"FIRST SELF-SUSTAINING CRYPTO INFRASTRUCTURE


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July 02, 2018, 03:01:59 PM
 #1020

I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
It is not good if you will just save your money in your cabinet or wallet. If you have a lot of savings, then you should invest it. The inflation rate is always in our economy, if we do not want our money to lose its value; then we should invest it.

That's right and inflation kills people's way of living so better yet invest it wisely. I'm planning to invest now on an insurance plan, well by now we should be securing our future and as well as our love ones so we can sleep soundly every night. Diversify our savings to something that we think our money grows as it will benefits us in a long term basis.

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