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Author Topic: Wise thing to do with your savings.  (Read 6123 times)
Burogh
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August 03, 2018, 12:24:08 PM
 #1341

Each of us may experience those situations that we really want an instant money and most of the time like emergency purposes that involve health problems. As what I did some of my earnings here in crypto currency I'll put it for insurance company as I can benefit it during emergency as I really needed it. Also, some of my savings may create a small business but somehow may have a little income and someday soon I will invest a big-time business establishments since today I don't have too much savings.


Managin our income is important thing. We should saving our income and make investment with it because we never know what happen in the future. Having insurance and start having a bussiness is very important to maintain our wealth

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August 03, 2018, 12:30:53 PM
 #1342

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 don't spend my money for un necessary spending, long term investment is better for the situation of price like what we have experienced now the price did not movable.

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August 03, 2018, 12:34:18 PM
 #1343

You should be grateful that we have born this era, the era of the beginning of the electronic money era. It is an opportunity for all of us to generate income. Cheesy
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August 03, 2018, 01:11:33 PM
 #1344

Wise thing to do with your saving is to invest it. Just like on what my prof. said if gain profit with your investment do not get it instead make it additional investment. And if your additional investment gain a profit, don't get it again but invest it again. Don't make your money rest.

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August 03, 2018, 01:20:24 PM
 #1345

If you want to be rich, the best thing to do with your savings is to invest in something that is highly profitable and they can help you make a lot of money. Than that is the wise thing you should do with your savings
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August 03, 2018, 02:57:48 PM
 #1346

I would go against any temporary deposit schemes since if you had an emergency and you can not get cash immediately and two, you literally will not earn anything significant from this, really, and this it's better to distribute this 20% to your emergency fund or invest in something else. It's best to make savings - buy crypto-currencies, but not one, because investing in it will take all your investments if the price falls, it's better to divide the money into different crypto. Thus, the loss of chances will be reduced, and the chances for profit will increase, because in general the prices for almost all the crypto-currencies are growing.
ghost14k
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August 03, 2018, 04:20:15 PM
 #1347

It is always good to save up some money for rainy days. Taking some of your profits out of crypto is a good move and put it in a different investment all together. If cryptocurrency is not doing well then the other investment will be a saver for you. Though cryptocurrency gives the most profit within a short period but still it is too volatile for one to put his / her eggs in a single basket. Through out this yea the face of the market have been on the downside so one needs to be prepared for times like this.
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August 03, 2018, 04:39:13 PM
 #1348

Wise thing to do with your saving is to invest it. Just like on what my prof. said if gain profit with your investment do not get it instead make it additional investment. And if your additional investment gain a profit, don't get it again but invest it again. Don't make your money rest.

Invest your money in crypto is good but my advice is try to save some for your money for rmergency, because the price of coin is not always increase we all know that anytime we can lose our money when we seel our coin at low price ,so to avoid this happen continue invest your money but don't forget to save for your emergency needs.

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August 04, 2018, 06:57:56 AM
 #1349

You don't know what will happen. Investing in bitcoin is a long term You have to wait for costs to increase. Best to save your money where you can use it physically You don't know when it can happen. The best thing you can do is invest your money. Expect funds for emergencies

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August 04, 2018, 07:35:40 AM
 #1350

The best thing we can do to make money continue to grow is by investing, if we invest then we can be sure money will continue to grow, and crypto is the best solution to make money continue to grow.

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August 04, 2018, 08:00:05 AM
 #1351

I don't use all of my money for investment, even though I always leave some profit that I get for my savings, because I know that crypto has a high risk and I have to have savings for my future

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August 04, 2018, 08:52:08 AM
 #1352

If you are not afraid of risk then please invest in ICO, perhaps they will make you profit many times the amount you have initially, so take the risk and the wealth will come to you.
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August 04, 2018, 09:24:48 AM
 #1353

One should think twice prior to spend or invest to his hard yearned money because the money once it is going or spending from the hand it will be very difficult to come back to the original position.A wide and experienced invester will  try to study first and understand what he is going to do  Bitcoin is an electronic asset and which is a new form of economy which is found deem suitable to the modern world.. Its characteristics are very attractive to the entire business community world wide.so bitcoin is a good investment tool.
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August 04, 2018, 11:58:52 AM
 #1354

My investment portofolio which i get from hard work is 15% of my hard earned money for crypto investment and the rest is still in my fiat. And from 15% of my crypto investment i devide it again 50% for bitcoin and 50% for very good altcoin like eth, litecoin and dash. Those 15% is for very long term. I buy crypto gradually every month from 2014 and its worked for me. Untill now i still buying it.


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Zelezinskyi
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August 04, 2018, 04:14:43 PM
 #1355

You need to save money and invest money that you are ready to lose, because investing in something like cryptocurrency is a big risk. My advice to you is not to invest more than 20% of your capital

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August 04, 2018, 04:58:16 PM
 #1356

For me, it's bad to put money in my wallet or storage, I prefer to invest. I think now that it is better to invest in the crypto currency, and not invest in the deposit. I do not like banks, but I have no choice, because I can not get any financial money without his participation, but I believe that this will soon end and the bank will no longer need us.

Cryptoville247
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August 04, 2018, 05:04:30 PM
 #1357

If you have condemned a particular amount to be saved, I suggest you permanently leave it in your saving. Learn to separate your investment fund from the savings fund. You can use the investment fund on crypto or any other business.
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August 04, 2018, 05:10:42 PM
 #1358

My opinion is: 20% is a reserve Fund, if you originally planned as a means of saving, then you should not spend it! In difficult time he will help you!

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ntarah langger
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August 04, 2018, 05:11:54 PM
 #1359

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?
everyone has their own way to manage their finances, and you cannot apply what you do to others.
because obviously the life needs of each person are different.
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August 04, 2018, 05:18:39 PM
 #1360

You need to save money and invest money that you are ready to lose, because investing in something like cryptocurrency is a big risk. My advice to you is not to invest more than 20% of your capital

In my own opinion, investing on cryptocurrency is very profitable and that it is the best asset you can have now a days because the volatility can be used in order to earn more profit.

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