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Author Topic: Wise thing to do with your savings.  (Read 7764 times)
geegaw
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July 02, 2018, 03:45:48 PM
 #1021

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.
I do not think the stock market is a good place to generate income, you should look at the news every year, this stock market has made a lot of people bankrupt, even debt and then a series of events suicidal. You are throwing your money into the sea, you will not get anything from the stock, more practical, you should choose what can bring you a stable income or a good profit, it could be investing in real estate or opening a business, these activities are much less risky, if you do not have confidence, you can cooperate with talented people, they will help you make money

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July 02, 2018, 03:53:49 PM
 #1022

The shrewd activity with your reserve funds is put it in something that gives you a benefit out of that venture you give which is fundamentally the embodiment of speculation. It is awful to stack your cash in your own wallet or vault. It is great to place it in some place where it would inevitably become perhaps following a time of being contributed or even months. For individuals who likes to hazard, cryptographic forms of money are beneficial for you. What's more, for individuals who do no need much hazard, you ought to put resources into organizations or banks that has built up great notoriety in the general public.
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July 02, 2018, 04:00:50 PM
 #1023

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.
I do not think the stock market is a good place to generate income, you should look at the news every year, this stock market has made a lot of people bankrupt, even debt and then a series of events suicidal. You are throwing your money into the sea, you will not get anything from the stock, more practical, you should choose what can bring you a stable income or a good profit, it could be investing in real estate or opening a business, these activities are much less risky, if you do not have confidence, you can cooperate with talented people, they will help you make money

Why even in real estate is also risky as if your land is in the radar of government project then you wont get much profit and starting business is same as you should first know the full business idea and it is also high risk just like investment. So it is much better that you can invest in crypto currency and if you dont want risk then you can also invest in btc but every thing is risky. So if you want low risk and profit very low then you can invest in bank fixed bond which give you low profit but it will be risk free and stable.

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July 02, 2018, 04:57:18 PM
 #1024

Saving is one of the options available to a income earner.  These savings can be left idle in banks yielding minimal returns, which is not the best. Investments in ICO is recommended.The higher the risk associated with a venture the higher the returns. leaving money in fixed deposits is not the best. 



I think Since you can not imagine what could happen, it's better to keep your emergency fund where you can touch it physically. But it's also not good if you redeem your savings into several types of currencies that have high depreciation rates. So you should be wise with your savings.
I kind of agree with you as an emergency savings should be put in a place where there is no risk and you can easily use it anytime.
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July 02, 2018, 05:03:04 PM
 #1025

My idea here on my savings is invest or trade to double it or to have more savings. If I have 1.5 Bitcoins as savings I will prefer to invest or trade the 0.5 BTC to get a bigger profit so that the profit that I will get on my investments and trades will be added to my savings. That's my idea on my savings.  What's yours?

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July 02, 2018, 05:11:12 PM
 #1026

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?
do not bother your emergency fund, as it names, emergency fund is for emergency use only. spread your investment fund to several investment instrument.
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July 02, 2018, 05:26:25 PM
 #1027

I don't save 20% money, but I save 50% income money, after collected with a certain nominal, I take money and buy land.
I really like to invest in gold and land Smiley
Do you like to save money by Deposit in Bank?
I think, that's not good.I really like to invest in gold and land Smiley
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July 02, 2018, 06:41:10 PM
 #1028

Any one that saves without reinvestment is like the biblical slave whom Jesus addressed as wicked slave for burying his talent on the ground with out reinvesting it,therefore i save to reinvest for a bigger profit
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July 02, 2018, 06:46:04 PM
 #1029

I think the most important is we have a money on hand for emergency case. Just save a part of your money but do not let all money sleep on the bank, invest to earn more.

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July 02, 2018, 07:23:45 PM
 #1030

There must be a proper planning where to subdivide wisely your funds and make sure you choose the right investment with earning potential. Of course always scatter the placing of investment and savings so that there is always a support and fall back in case the other one fails. And make portion for business perhaps for your daily needs support also.
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July 02, 2018, 07:37:14 PM
 #1031

Do you spend your money on women, alcohol, and entertainment programs? I ask myself such question and decide to save any little money i get nowadays. At first, i was use to giving ladies money and expecting a whole lot from them. I have stopped all these and started to invest in cryptocurrency, buy some coins and trade with these coins. This policy has been of a great benefit to me as i have been able to accumulate some fund for my family. 

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July 02, 2018, 07:42:40 PM
 #1032

How do you define wise thing? Each and every individual has his or her own definition for wise thing. To some people, wise thing could be using the money you have gotten to but expensive clothes and spending the money so that you grow fine. Other people also define wise thing as saving your money at banks or investing into cryptocurrencies. I like investing in cryptocurrencies and that is my wise thing to do.
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July 02, 2018, 08:35:53 PM
 #1033

If your savings is able to earn you significant interest then you can go ahead saving for future use but if not I think the best form of savings for the future is to invest in a business which will give you good turn over in a long time. Is good to save for rainy days but save wisely.

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July 02, 2018, 09:19:21 PM
 #1034

To make a wise thing in your saving you must first have a wise thinking or a money strategy. A wise thinking never rush invest an coin or ico. Dont panic on a pre sale because we talk here is profit not the discount but it will more good if you catch it. Do some research on that ico. Second put hold if the price is on dept never sell below ico price it can cause more depth
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July 02, 2018, 09:41:25 PM
 #1035

Treating money well or wisely can only be done according to your thinking. If you just want to look for profit and do not care about the project then you have gone wrong, always do a deeper check to invest and always reserve your money to be kept in the long term, because after all money you have saved and left to sleep for a long time will help you in the future when something urgent needs that money.

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July 02, 2018, 09:51:13 PM
 #1036

To be wise first you need to minimize the unwanted expenses. This will let you save more, and next is the thinking about the further plans. Now bitcoin is the one that could give you good return on your savings if used on cryptos. Before making an entry into cryptocurrency need to learn it in a right way, and the same will help in grabbing good profit.

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July 03, 2018, 04:58:07 AM
 #1037

It's hard to say and depends on the situation. Bitcoin is useless after a big earthquake, but it is very useful during an economic crash and needs to hold crypto and fiat even though I know it's difficult. In the SHTF scenario, it could be the required USD, or gold and bitcoin
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July 03, 2018, 05:04:08 AM
 #1038

To be wise first you need to minimize the unwanted expenses. This will let you save more, and next is the thinking about the further plans. Now bitcoin is the one that could give you good return on your savings if used on cryptos. Before making an entry into cryptocurrency need to learn it in a right way, and the same will help in grabbing good profit.

It's all about prioritizing needs over wants. If you want to save then you should have a list of your expenses and income too so that you will know if you have enough and you can allocate it properly. If you have the savings then you can put some in the bank for emergency purposes and for urgent needs while some would be put as an investment that can at least beat the inflation rate so that your money would still grow. Diversifying your investment is a wise thing to do so that you can manage the risk.

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July 03, 2018, 05:20:49 AM
 #1039

Personally, in my understanding the 20% for emergency fund is actually different from the savings you have for your investment. The reason why it is called emergency funds is because it is  for medical, sudden lost of job, natural calamities and others, something that you can use anytime, something that you can easily access. It should not be on put on a business or investment because once you need it, pulling out your money may cause mopre harm than good if it is in a business or more so investment, what if you needed the money and it is a bad timing to sell your assets, this things are the ones we are avoiding. In investing, there are risks we take and we don't put or emergency saving on it, it is just way too risky.

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July 03, 2018, 05:36:23 AM
 #1040

I think with that 20% saving you can use it to invest on ICOs, because i have a friend that is really into ICOs and invest his money on it. He always get profit though. So i think if you want get an extra income, you can invest it on ICO. Of course you needs to find out the best one before you invest.



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