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Author Topic: Wise thing to do with your savings.  (Read 8152 times)
CurrentCrypto
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July 14, 2018, 11:02:33 AM
 #1201

I have a big percentage of my crypto in PoS coins, so I use that as my savings account. The rest I use to trade and gain more BTC.
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July 14, 2018, 03:29:32 PM
 #1202

I think it is wise to invest the cash that comes in as extras or savings as the case maybe.Only keep a tiny portion for emergencies.That way,you grow your money and can then increase your emergency funds as your assets grows
if use smart saving methode we can cover emergency fund and saving in same time.usually people called it as life insurance.we can use some our money to follow this program.saving still running and we get life protection from this program.

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July 14, 2018, 03:58:45 PM
 #1203

I think it is wise to invest the cash that comes in as extras or savings as the case maybe.Only keep a tiny portion for emergencies.That way,you grow your money and can then increase your emergency funds as your assets grows
if use smart saving methode we can cover emergency fund and saving in same time.usually people called it as life insurance.we can use some our money to follow this program.saving still running and we get life protection from this program.
put some money into life insurance give us protection to our life.evemore while we are sick, this insurance pay all cost for hospitalization.so we can focus on making money
robotrobert
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July 17, 2018, 05:22:47 AM
 #1204

The wise thing to do with your savings is to invest it eventhough investing is indeed risky. More opportunities to grow in money overtime rather than stashing it over a period of time and keeping it on other sidelines.

Most people who are a part of crypto market started with it after gaining knowledge about it to get rid of odds. So the better way to bring money here is to start with less amount so that you do it practically which will build up your interest with the passage of time. After doing with crypto market for some time now you are able to invest with big amount as you know how to make huge profit with your savings.
presday
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July 17, 2018, 12:58:36 PM
 #1205

First increase the savings like by using public transport. Singapore Mass Rapid Transit (SMRT) connects different parts of the city and thus you will not face any problem in using public transport here.
skeletica
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July 17, 2018, 06:07:36 PM
 #1206

everyone has different needs, and of course how to organize them is also different.
if I am private, for now I do not have any. I am still collecting money.
and after that.
then I will make a decision, how will I manage my finances. and that I will discuss with my wife.
petrobit
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July 17, 2018, 08:27:38 PM
 #1207

It all depends on how easily you can risk your savings. Crypto enables them to multiply or completely lose, banks give the illusion of security and stability. You can always hide the cash in the mattress Grin

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July 17, 2018, 09:20:51 PM
 #1208

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?

In my own opinion, starting your own business is the best thing to do with your savings because in this way you can have more income in the future to sustain your daily needs.
Yeah no doubt it is good idea we can have good business instead of having a lot of money in our wallet having money is not good as it is not safe for you as well, so I think best business is to buy some bitcoin and store all of them for long term, growing price of bitcoin will get you huge profit and within few months your saving will become more than double so don’t lose the chance just buy as price is really nice and affordable.
BigDig
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July 17, 2018, 09:29:45 PM
 #1209

Now the problem of financial management is very acute. Practically there are no "iron" ways of storage, there will always be one or another share of risk. You can only keep money in crypt if you are not afraid of losing it.
BilHim
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July 17, 2018, 09:53:44 PM
 #1210

Saving is for the future needs or for the emergency you do not need to use your savings money to buy cryptocurrency because crypto is very risky because once the price decrease you lose your money. You may use your extra money to invest to cryptocurrency and even that extra money gone you have savings to have better future because you can start again. Need plan A and plan B for this.
BCSHonda
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July 17, 2018, 10:08:59 PM
 #1211

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?

In my own opinion, starting your own business is the best thing to do with your savings because in this way you can have more income in the future to sustain your daily needs.
Yeah no doubt it is good idea we can have good business instead of having a lot of money in our wallet having money is not good as it is not safe for you as well, so I think best business is to buy some bitcoin and store all of them for long term, growing price of bitcoin will get you huge profit and within few months your saving will become more than double so don’t lose the chance just buy as price is really nice and affordable.
I spend most of my savings on investing in cryptocurrency because I am very confident in the potential of this market and in the past although the market has a lot of volatility but decided to invest I'm completely accurate and efficient.
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July 17, 2018, 10:18:24 PM
 #1212

It is good to invest in anywhere rather than make your money sleep in bank but regarding crypto the emergency fund shouldn't be invested there, In some countries exchanging cryptocurrencies make time long times and too much efforts.
destiny100%
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July 17, 2018, 10:32:24 PM
 #1213

If it were me, I would use my savings to invest in things that would make me passive income. This is very profitable but it is very safe.
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July 18, 2018, 02:14:35 AM
 #1214

It is good to invest in anywhere rather than make your money sleep in bank but regarding crypto the emergency fund shouldn't be invested there, In some countries exchanging cryptocurrencies make time long times and too much efforts.

I agree with that. It is best to invest the amount of money that you can afford to lose instead of putting almost all of your money into cryptocurrency. Investing is always about having discipline and risk management and not going all in because if you will do that then it will just ruin your potential to earn since you will be in panic if your investment is going down.
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July 18, 2018, 02:30:31 AM
 #1215

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?
For me I will save 30% of my net income monthly and some of this savings will go to my investments. I will not save this all because when saving in a bank it will earn only very little interest just like doing nothing with your money there so what I did was I invest some of my savings to bitcoins. Holding bitcoins and wait for the right time to sell.
Sengoko
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July 18, 2018, 06:02:46 AM
 #1216

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?


What i would do now as the best bet for now with low risk levels is going into treasury bills; this yields well with respect to volume deposited/invested. Cryptocurrency for me now still looks dicey as the dip stoppage is still not ascertained.
Let’s have a look at your previous buying products which may not in your benefit and are useless now so you have to make decisions which favors in your benefit like investment in products or investment in a business of any type which has a trusted store. Now we see the Bitcoin as a long term trusted store of value so this will give us good returns of our investments that is why use it here in the Bitcoin but remember that knowledge is important to have for an investor.
peacefulpeace
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July 18, 2018, 06:19:43 AM
 #1217

the wisest thing to do with one's saving is to invest it, i mean whats the use of one's money in a savings, current or fixed deposit account when one could invest such money in a cryptocurrency ico and get better return than any banking system's savings could accrue. it is more wise to invest than to save.
letstalkbitcoin2
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July 18, 2018, 06:32:32 AM
 #1218

the wisest thing to do with one's saving is to invest it, i mean whats the use of one's money in a savings, current or fixed deposit account when one could invest such money in a cryptocurrency ico and get better return than any banking system's savings could accrue. it is more wise to invest than to save.
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July 18, 2018, 06:47:15 AM
 #1219

Investing in the Crypto currency reminds me of the good times when many started playing on the Forex market - some got it, some lost everything. I had both: not very well when much does not depend on you, nevertheless I worked. Now such a trend is to speculate on the crypto currency: if you analyze from the creation of bitcoin, it is undoubtedly profitable. I still like to go to ico projects, Here too, the perspective is good. I observe, analyze and go at an early stage. Now I work with several, I can distinguish NEO among them - I think there will be good profits here. Wink

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July 18, 2018, 07:06:46 AM
 #1220

It all depends on how easily you can risk your savings. Crypto enables them to multiply or completely lose, banks give the illusion of security and stability. You can always hide the cash in the mattress Grin

As banks are giving us the security of money we put in to them, it is not still safe of bankruptcy which will put your money in danger too.  Why not invest it in a risky investment like bitcoin and expect a better return of investment most especially if bitcoin rises drastically.

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