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Author Topic: Wise thing to do with your savings.  (Read 6132 times)
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August 29, 2018, 03:59:24 PM
 #1601

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 have all the power on whatever you want to do with your savings. Most of it should be left and stored safely while some of it, you can try investing it and if you get some profit out of it, invest more. Just don't come to the point where you spend all your savings for investments since it is very risky nowadays.

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August 29, 2018, 08:35:22 PM
 #1602

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.

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Amajaa
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August 29, 2018, 10:17:34 PM
 #1603

On my opinion or if i will decide i will consider invest some of it here on crypto.. As long you have experienced or knowledge here it will grow more i guess... And save the rest on safe place for in case of emergency..

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August 30, 2018, 07:27:43 AM
 #1604

Personally, I will invest it into the safest type of investment. There are many ways to make your savings have an advantage. If you only need to have a small amount of gross income, you only need to pay deposits, but if you want to be big, you need to invest it for something.
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August 30, 2018, 07:47:01 AM
 #1605

Well for me the wisest thing you can do in your savings would be to invest it. Let me just be clear that this savings is not the same as your emergency funds, so you will not have any problems when there are sudden things to pay for emegency cases. Your savings, instead of putting in in the bank where it is not earning anything since bank interests for savings account is very low per annum, then the interest that your money will gain in a year will be just eaten up by inflation by the time you will get your money. So for me your best option is to invest it, just be very careful and wise about it. There are a lot of investment platform nowadays, stock market, crypto currency, real estate or even just a small business if you want, that way you know that your savings are increasing.

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August 30, 2018, 07:54:45 AM
 #1606

I want to allocate my savings in different portions and i want to invest 50% in crypto while 30% deposit at bank and the remaining 20% i want to invest in the new ICO so that all of the portfolio will managing through different way and it is my strategy for 2018.

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August 30, 2018, 08:38:39 AM
 #1607

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 wisest decision is to invest the money. Invest in a zero risk investment so that you will not end up regretting. If you invest in cryptocurrency, take note that the market is very harsh as it goes up and down in terms of the cryptocurrency prices. Invest in your own risk. If you cant risk, then better keep your money somewhere anti-theft and safe.

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August 30, 2018, 08:50:05 AM
 #1608

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?

If l have a savings l would choose to use it to daytrade because l have an income in every trading.And the most l like is while trading l can hold it also while waiting for the pump of price.
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August 30, 2018, 09:26:03 AM
 #1609

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?
Should I save or invest my money? Wondering whether you should save or invest? The answer depends on your goals and your financial situation. Setting up an emergency fund. Everybody should do their best to build up an emergency savings fund. Keep saving then use it for proper purposes, therefore you have money in case of emergency.
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August 30, 2018, 03:19:13 PM
 #1610

the best way for me is to invest as it increases the equity capital and also its better than you keep money without use ,that is will  less than its value.
Also, you can buy some of the expected currencies to rise in the future, so you will win alot of of  money and also increase the value of it

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August 30, 2018, 03:24:54 PM
 #1611

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?

If l have a savings l would choose to use it to daytrade because l have an income in every trading.And the most l like is while trading l can hold it also while waiting for the pump of price.

You have an income in your every trade? Wow. It may sound amazing but I don't think that that is true. Every trading ever done has it's risk and I don't think that every time you do your trade, you are having a profit. That is like having a riskless investment, that is the reason it is impossible.

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August 30, 2018, 04:28:18 PM
 #1612

wise thing for your savings then you can use it for trading and trying to grow assets that you have so you have to be smart to be able to grow the bitcoin you have.


I agree with your point of view. But we need to learn such things prior to put an investment for us to manage knowledgeably and the great chances to get our saving increase. So trading bitcoin in wiseful moves will be such things that can be earned more and can probably grow our savings too.

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August 30, 2018, 05:16:55 PM
 #1613

It will be very pudent if you hodl most of your coins for me. It is seen that the market currently is in a dip and there is a halt for most transactions.
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August 30, 2018, 05:29:17 PM
 #1614

The best thing you can do with your saving is to invest it into  a legit project or a business that would surely gain profit from it. You can also invest here in crypto and im sure you can earn more from what you are expecting. But it need more information about the concept of crypto community to avoid from scammers. Smiley Smiley
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September 02, 2018, 03:54:52 PM
 #1615

Wise thing to do with your saving is to put in somewhere it can grow and Invest it on bitcoin market. Investing your saving with the cyrptocurrency is always the best thing to do. Since doing bitcoin is doing good in the market we must take advatage of it and do as much as we can to have it pump more.
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September 03, 2018, 12:27:22 PM
 #1616

For me, if you only have 20% of money that you're saving for emergency fund then you only need to do is save it until the day you need it.
If you want to raise a money, then put at least a little amount of money to invest in cryptocurrencies.
You should not spend your emergency fund in other stuff. Emergency funds only have one purpose and it is only for emergency.

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September 03, 2018, 01:32:38 PM
 #1617

I think the wisest way to do with my savings is to invest on bitcoin. In this way I could save my money while gaining from it.
truth! wise things to your savings is to spend it wisely spend it buying things that you always using don't buy things that you don't need
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September 03, 2018, 02:17:08 PM
 #1618

With liabilities and normal average cost for basic items costs developing at a substantially speedier pace than compensation in the course of recent decades, having the capacity to set aside some cash might be something that is quick turning into an extravagance. Actually I like the possibility of greater and better monetarily openings being accessible the more capital a man needs to contribute despite the fact that might be totally unreasonable and in reverse. In that sparing wouldn't speak to a ultimate objective in itself but instead the initial step of a money related arrangement which is expected to develop riches at a quicker rate the greater liquidity a man has accessible.

The idea of bitcoin and cryptographic forms of money prevailing because of them being roads of making esteem is additionally a thought which bids to me. To emulate their prosperity it may be advantageous to plan a sparing or contributing procedure which centers likewise around building long haul esteem as opposed to moment satisfaction plans which have a tendency to be high hazard and on occasion low reward.
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September 03, 2018, 02:24:52 PM
 #1619

The best thing to make a better future is by saving money, we must always be confident and optimistic that managing finances well will make the future better, besides saving, the thing to do is investment.

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September 03, 2018, 02:59:09 PM
 #1620

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?
As for me, I always let my budget circulating in some of investing thing. In my investing plan, I tend to separate my funds into 3 parts. Firstly, I use 50% of my saving for real estate. It actually could bring benefit for me but it sometimes keeps your money for a long time. Secondly, I will spend 30% on the cryptocurrency. I realized that there is a lot of opportunity in the crypto market. Lastly, I use 20% to invest in some instant short business in the short term.
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