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Author Topic: Wise thing to do with your savings.  (Read 7665 times)
Birin016
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June 14, 2018, 02:25:00 AM
 #701

It depends upon to the person. Yes we all know that we can make our money to grow by means of investment but we cannot also deny that we can lose money with our investment if we do not know how to invest. Me, I invest but not all. I choose to save some of my money because like what you have said "emergency fund". It is difficult to immediately find money in time of need.
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Boromon
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June 14, 2018, 04:34:29 AM
 #702

If you invest your savings in something valuable that is the right and wise decision because saving you amount in banks will cut the annual cost and the profit it is not much. And never use the Emergency fund because it is a big help when you are need anytime.
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June 14, 2018, 08:32:18 AM
 #703

You can invest savings in real estate but ask questions first like: Do you want to invest in commercial or residential? Do you even know the difference?
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June 14, 2018, 08:35:53 AM
 #704

Better asset 20% I invest in crypto. crypto price increase is very high in every year. profits that can pass long-term investsi in crypto very large.

Better keep divide our saving to invest and emergency matters. We never know how crypto market works and we know that cryptocurrency market is high risk investment. Better divide our money in saving and investing on crypto
Yes I totally agree with you, we should wisely divide our money into specific parts and there should always have a small amount of our money saved under lock and key for emergency cases. It is impossible as to predict what will happen to us and when we will need to use this kind of saving as to predict the pattern of cryptocurrencies. So it is not a bad thing for us to invest in cryptocurrencies but we should be wise to put what part of our money into this market.
With your savings you can buy anything of your desire and all the necessary things you need in your life but if your extra money is saving then invest in somewhere which would be your wise decision ever. Do not waste your money and time but invest in the market of Bitcoin if the savings are in large quantity. On the other hand invest in Altcoin or Ethereum if your savings are low.

YuiAckerman
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June 14, 2018, 10:45:14 AM
 #705

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?

Well for me, I let my money sleep until such time I need it.Because we dont know where or when accident happen.We dont need to buy expensive things just to follow the fashion.We need to hold our money from our current job or crypto works for our needs or emergency needs.

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Sum24
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June 14, 2018, 10:49:53 AM
 #706

Maybe I will invest a few percent of my savings for a good business. It can be profitable for me and my future.
Well it is good idea to invest your money and start some good business than keeping your money uselessly, nothing will be more than bitcoin if you invest right now, price of bitcoin is much better than before so buy some bitcoin with your amount of money and save it for your future so it will make your profit even higher.
I agreed, we should try to find something beneficial and invest our money than holding it and keeping in safe for long term, having money means you have a chance to make your future so I think we should invest our money in bitcoin, this way it will rise so high in price soon you will realize your money is getting double very fast, so invest your saved money in bitcoin.

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June 14, 2018, 11:54:55 AM
 #707

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?

Of course itnis wise to make a business because your money will sleep if you will just save them and they will be the exact same amount if you do nothing. But business is risky but all things are risky because you do not do it everytime and a lot of things can happen. It is up to you what business and if you can handle it or not. But you can always invest it and you money will rise even without doing any efforts and just what I've said all platforms you think will always have a risk in them.
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June 14, 2018, 11:59:07 AM
 #708

Maybe i will invest in crypto half of my savings to keep it safe until it reach the price i want then sell it even for a long time and the rest is i will put it in the bank despite having small amount of percentage profit for in times of emergency i have money to use.

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Merjay18
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June 14, 2018, 12:09:21 PM
 #709

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?

Well for me, I let my money sleep until such time I need it.Because we dont know where or when accident happen.We dont need to buy expensive things just to follow the fashion.We need to hold our money from our current job or crypto works for our needs or emergency needs.
First I will look for a good and profitable project to invest my savings atleast it will continuosly grow. After investment I will keep some in my bank accounts for some emergency purposes. I will also make sure I save something for my children education and for my families future. Of course I will not stop chasing for productived and profitable bussiness for a sure investment.
brainryan
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June 14, 2018, 12:24:25 PM
 #710

Maintaining a savings account is a good and necessary way to stay current with problems you may encounter at any time. Normally some people in my country choose banks to deposit and secure their savings. I do not think it is so special compared to its value when we invest in one type and take advantage of the opportunity to develop value from that opportunity.
ShitTL
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June 14, 2018, 01:33:16 PM
 #711

If you want to become rich and if you want the opportunity to become a talented investor then you come to the digital world where will give you the things you want as above, I hope You will succeed with your surplus amount
bitcoinsocial09
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June 14, 2018, 01:58:02 PM
 #712

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 and the wise thing that you can do to your savings is build an actual business or another business where you can earn also. In that case, you can still gain more profit from the business and you can learn more things that can enhance your skills in business related as well in investing here in bitcoin. Business can also add to your savings and it might really help you.

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Morgann
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June 14, 2018, 02:04:44 PM
 #713

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, the best thing to do about your income is to start building your own business because in this way you will have your own stable income monthly or daily and your will be financially stable as well.
kl8847
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June 14, 2018, 02:18:54 PM
 #714

I dont know whether it was wise, or dumb, but I took all of my savings from my wardrobe and put it into Waves...we would see in a near future what kind of a decision it was, because right now I have lost abount 20% in sell value
Liza Soberano
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June 14, 2018, 04:10:15 PM
 #715

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 thing you should do with your money is to invest it in a cryptobusiness or buy bitcoins or altcoins and trade it. Well, you can place your money in a bank because you can guarantee that it will be safe there but it will not grow. In a bank we only given small interest rates so knstead of wasfing your time with those rate why not invest and trade.
LuciferEveningStar
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June 14, 2018, 04:11:26 PM
 #716

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?

Starting a business or invest on a coin today that has a very low price like ethereum coin since most of the crypto analyst are expecting for the price to go back in december just like what happened last year.

Tukmol29
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June 14, 2018, 04:21:03 PM
 #717

Saving is one of the options available to a income earner.  These savings can be left idle in banks yielding minimal returns, which is not the best. Investments in ICO is recommended.The higher the risk associated with a venture the higher the returns. leaving money in fixed deposits is not the best. 
bapetdik
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June 14, 2018, 04:25:09 PM
 #718

that is something wise to me. Indeed emergency money is very important if something happens to us. So you are right that you should set aside some for emergency money. I agree with your concept. It looks good to do.

Carreuh
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June 14, 2018, 07:17:17 PM
 #719

Perhaps the wise thing to do with your savings is to invest in the part that you understand and also you can borrow with the profit-sharing system so you get a big enough profit, if you want to invest better you invest in the property that is long term investment.

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June 14, 2018, 07:24:18 PM
 #720

I'd invest my money (that I saved and can lose without big problems) in some good ICO just to multiply what I saved. That's how some people become rich.

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