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Author Topic: Wise thing to do with your savings.  (Read 7764 times)
andylowe
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July 25, 2018, 11:53:18 AM
 #1261

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?
The idea of allocating savings from  20% of your income is good.  But savings for emergency use or emergency fund is at least thrice our monthly expenses.  Beyond the computed emergency funds is  we can allocate it to investments.  Diversifying investment is the best thing to be done to ensure profit. We may invest in real estate,  stocks and crypto.  Depending on what degree of risk we are ready to take.
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zhanyiguai261315
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July 25, 2018, 02:10:46 PM
 #1262

Save money and enjoy the law of saving money for life: 50-20-30 Distribution Law!
50% of the necessary living expenses!
20% financial reserves!
30% Lohas consumption!
Gegege27
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July 25, 2018, 02:28:14 PM
 #1263

For me the wise thing to do with your savings is simple just keep it and if the currency increase then deposit it or invest some of your savings
hilawnasaging
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July 25, 2018, 02:48:13 PM
 #1264

One of the wisest choice to do for your savings is investment. You may not see it quickly, but in due time you will reap the good ones. While saving some moneys for the future, you can take a little bit of your savings for investing it. You can either use it for business or for invest in crypto. The success of your investment will depend on you. At first you might fail, but the good thing is that you fail first instead of failing last. If you fail first, you can think of a solution for your current problem and at the same time you can think for future possibilities of errors, with that you have already think of a solution for future errors. And after a successful investment, now you can save a lot because of your high income.
Predator25
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July 25, 2018, 03:06:27 PM
 #1265

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.
Ofcourse to save it by simply holding it in your wallet. Wait for the right time that the price will rise up again as the market also do. I dont want to take risky investments although it is good and can double up my money. Im just afraid to lose my money because of scam.

Henry Sy
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July 25, 2018, 03:08:48 PM
 #1266

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?
Actually, the best thing to do is to put it on the emergency funds. Because you do not know what will happen in the future. After that, you can just put the other money on the bank accounts and try to use it when needed
Irviyandi
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July 25, 2018, 05:10:24 PM
 #1267

If I think you better invest your savings that you have rather than save it does not produce anything but if and make an investment there must be a risk that must be taken the loss and also if Untung can increase your savings

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qwerty12
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July 25, 2018, 05:19:49 PM
 #1268

I prefer if my money is invested rather than just that keeping in savings. the reason is simple because by simply storing or just letting it go to sleep as you say, the money will not produce anything. I would rather take a little risk by investing.
Kayla
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July 25, 2018, 09:55:58 PM
 #1269

Instead of saving money at home, there is no harm in investing. There are many options for us to invest some of our income, we can save in bank, gold, land, stock, cryptocurrency and others. Some are low risk and there are also high risks. It all depends on the investment confidence and experience we have
Crytocurrency offers an investment with huge profits, but the risk is also very high. I will learn and choose coins that have the potential for high profits. If we choose the right coins we can be sure our investment becomes several fold. We can choose one of them.

Amanda Green
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July 25, 2018, 10:39:47 PM
 #1270

Investment is always the best solution. There are a lot of frauds in the investment market. When I was looking for reliable token sale for fresh specialists, I found Socratus. It is a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits. Right now, it is on the stage of private token pre-sales. And I think that it is really worth investing in.
Amanda Green
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July 25, 2018, 10:53:13 PM
 #1271

The best variant is an investment! I have found a trustworthy Token Sale project. It is called Socratus. It is a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. They are aiming to create a win-win insurance whereby you get instant claim payment,  fair and transparent dealing and friendly prices.  It means that there is no more solo human decisions to pay or not to pay, no more lingering manual claims handling procedures.
fight-T
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July 25, 2018, 11:33:21 PM
 #1272

70% of my savings, I often invest in things that generate passive income, this will be less profitable but very safe. The remaining 30% of my money will go to the venture capital market but bring in more profits.
Fantastic33
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July 25, 2018, 11:53:43 PM
 #1273

I think, the best way is to invest the money on business or stock market. There are lots of small businesses that you can open, but it depends on what kind of business you want. Look for something that fits your interest and be focused on it. There are alo a lot of different stock market that you can choose. Just look around and read about it.
jojowar
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July 25, 2018, 11:54:44 PM
 #1274

Wise thing to do with your savings is to invest it but before you invest into something, make some feasibility study and research so that you will not result into loss.

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July 26, 2018, 12:36:05 AM
 #1275

Wise thing to do with your savings is to invest it but before you invest into something, make some feasibility study and research so that you will not result into loss.
Or just study and do a lot of research for different opportunities so it will be enough for you when you will finalize your decision and it is when you will use your savings to invest into something that you like and you want to put your hard earned money. Savings should be kept in your cold storage if you don't have the final decision.

cruz06
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July 26, 2018, 12:49:43 AM
 #1276

The best thing to do with your savings is to save it until you grow old. I mean, you dont need to spend all of your savings. You need it for your future expenses. Just dont spend all of it. Be wise.
clairdelune
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July 26, 2018, 05:07:04 AM
 #1277

Wise thing that you can do with your money is to invest it to something that will make your money a big profit, or invest it with something that will work for you to earn like in BTC if you will invest on it you will earn big. Then in mutual fund they will do the work for you to make your money big. If you just put your money in the bank it will not earn you big it will just stay the same bank is the one that hodl your money like a wallet it will not help you to earn you big.
Squa7ch
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July 26, 2018, 05:26:09 AM
 #1278

I save 20% as cash for emergencies.
40% in bank savings account.
40% in stock and crypto.
This works for me well because 20% of cash still serve me I need money on car or house stuff and maintainance. If I really need money i'll take some money from the savings. But I never take money out of investments. Those money in there will grow over time.
BitcoinMarketer39
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July 26, 2018, 06:05:32 AM
 #1279

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?

The best thing to do with your savings is invest into bitcoins because the market price today is keep on growing so you will surely earn a huge amount of profit or you can start your own business in order to have a passive income.

Ezmael Wright
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July 26, 2018, 07:28:18 AM
 #1280

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 better if you invest it because our money is growing here. And 20% is put into the bank so it's our available emergency fund. It is better to be smart because we do not know the market movement.
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