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Author Topic: Wise thing to do with your savings.  (Read 6401 times)
TurboPower
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August 10, 2018, 07:41:53 AM
 #1441

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 figure it would be hard for different cryptos to supplant or to obsolete bitcoin. Bitcoin originates from a long keep running for right around 10 years now and it is the pioneer of all cryptos, it's cost is clearly higher than some other cryptos, and a standout amongst the most favorable circumstances of bitcoin is its decentralization which is tremendously favored by speculators not at all like different cryptos out there which is concentrated.

This are some of numerous focal points of bitcoin that would be difficult to achieve/go by different digital forms of money. On the off chance that different coins out there would need to outperform bitcoin, at that point they ought to resemble bitcoin with much better preferences.
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August 10, 2018, 07:46:25 AM
 #1442

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?
Invest it! But before you nake investment, you should fully understand on what strategy that you are going to use. Remember that not all of investment here are safe, there are many risky investment here.

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August 10, 2018, 08:02:51 AM
 #1443

If you want to get rich quick you must plan the use of your time. It doesn't matter if you get paid by commission or by flipping houses in a hot market. Planning allows you to get rich quick.
Michael_Cox
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August 10, 2018, 08:07:38 AM
 #1444

Any good investor will tell you that money just sitting somewhere is little help to you. It is better to invest it in assets that can generate passive income. Of course its good to have an emergency fund that you might need for a rainy day. It is difficult to say of you should invest all your money in crypto currencies, but of course it is wise to diverse your investments to balance the risk. It is also good to first find more information and talk to a professional.
hatsoff2btc
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August 10, 2018, 08:24:08 AM
 #1445

At the moment, I am putting all my savings into my own home. And of course, it's better to invest in crypto currencies. Here earnings are 200% faster than in other ways.
Now do not waste your savings in buying something useless or something which is not in benefit so better you invest somewhere and the modern currency investment is a golden opportunity for all of us. It will generate profit for us only if we learn how to handle everything in the crypto market like if you are interested in Bitcoin investment then it is a better decision so focus on your decisions according to the market conditions.

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August 10, 2018, 08:40:59 AM
 #1446

if you already have the advantage of bitcoin, actually this is the biggest trial to manage your savings or assets, my advice is to buy something in accordance with the needs not based on a momentary desire

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August 10, 2018, 08:57:31 AM
 #1447

If you want to get rich quick you must plan the use of your time. It doesn't matter if you get paid by commission or by flipping houses in a hot market. Planning allows you to get rich quick.
There is never a way to get rich fast in this world, unless the person is super lucky to be able to strike a huge windfall on the state lottery or winning himself huge amount of money in a casino overnight on a lucky winning streak, all investments needs careful planning and another key factor would be patience.

WellDogeo
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August 10, 2018, 09:16:11 AM
 #1448

I am a person who likes to invest so I will invest in investments that can generate passive income with my savings. This investment is less profitable but it is quite safe.
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August 10, 2018, 09:40:00 AM
 #1449

I do my own way to manage my money, i believe only use 20% max of your money on investment 10% for something you love 40% should be for your future. 10% for unexpected condition that could happen to you and the rest may use for living. Money management is really important but you need to understand how to safe money while you can enjoy the life you live in.

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August 10, 2018, 09:51:21 AM
 #1450

I like the concept of the 20% method, but in that 20%, I only spend half to invest in Cryptocurrency because the main reason is the risk of Cryptocurrency.
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August 10, 2018, 10:15:58 AM
 #1451

I have been investing in crypto with my most money and I most say I have no regret of investing in cryptocurrency ,it was the wise decision I have ever make.And i belive i will get my reward very soon. Lips sealed Lips sealed
gurang
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August 10, 2018, 10:32:47 AM
 #1452

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?
wise thing you must do is to think wisely, you can do that if you have a knowledge and you must trust on yourself to overcome it without regret
jo123
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August 10, 2018, 11:21:42 AM
 #1453

MAybe the common advice is to run a business so that it will be profitable but also many people forgot that they must be intellectual when they start creating their business to avoid possible losses. and the best way to save more is to manage your saving even better for the future. Give time on thinking the purpose of what you saved so you could earn more in the future by giving a part of your earning on new investment that you could manage. Just like in trading its is always better to have an option for us to earn and make a wise decision on choosing the track you would take for you to be successful in life.
jo123
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August 10, 2018, 11:22:40 AM
 #1454

It is very important to save something against rainy day, no one know what can happen with us in future so it is good to save something for our bad days of life, investing your money is best choice for us to save our money for our future, we should save our money in form of bitcoin as bitcoin use to increase in price but money holding is not good as it will remain the same even after holding it thousands of years so investing in bitcoin and save your money for your future.
jo123
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August 10, 2018, 11:22:58 AM
 #1455

The wise thing to do with your saving is to invest it in an asset with stable monetary values in the economy. I talk about the stable prices because investment in an asset having stable prices remains secured and offer great return in future. Besides, you can also invest in crypto currency but you need to have good market knowledge about that as well as about the technology.
jo123
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August 10, 2018, 11:23:38 AM
 #1456

 I use my savings as "emergency funds" where if only I have no choice and then there is something important to buy like necessities in home or I have to go to the grocery, I have no choice but to use my emergency fund but there is also an alloted money that is only for savings because I have a goal each year that I have to travel to another city from our country to explore and be a tourist.
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August 10, 2018, 11:24:11 AM
 #1457

I think that instead of saving our money, we should invest our money in other places such as bitcoin, ethereum, gold or real estate. By investing your money like that, you have a chance to multiply your balance to many times. Therefore, dont waste your money on bank, try to buy something or invest in something.
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August 10, 2018, 11:28:31 AM
 #1458

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 guess that most people here are more into crypto than the stock market, but there's a fairly safe option on the stock market you could look into. Investing works best when you make decisions based on rules. There is a simple investment strategy call the Dogs of the Dow. The idea is just that on January 1st you split the money you want to invest equally in the top 10 highest yielding stocks of the Dow Jones Industrial average. The next year you just sell the ones that are no longer in the top 10 and split the money up between the new top 10. You can see how this strategy has performed over the years on this site: http://www.dogsofthedow.com/. It does better than any mutual fund will.
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August 10, 2018, 12:08:16 PM
 #1459

The wise thing to do with your savings is to try to invest a part of it in bitcoin and and the other part just keep it for future use, then manage your bitcoin investment and try to evaluate if your investment is gaining ,and then the other part of your saving can be added to your bitcoin investment or invest in other business.
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August 10, 2018, 12:52:57 PM
 #1460

I think allocating 20% of emergency savings to invest in cryptocurrency is worth a try, although a little risky but worth doing, you should choose the right investment, you can also try on short term deposits and expect a little interest, or you invest your money in stocks return the profit briefly.
right, investing in crypto is very risky, and we can lose that money. we must really think well if we want to invest the money we have, so we don't regret it if something unexpected happens. if we already have a big intention, then we can try to invest 20% of our money, to get a profit.

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