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Author Topic: Wise thing to do with your savings.  (Read 7764 times)
Dodoymabs
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May 26, 2018, 07:44:19 PM
 #81

Normally, we make saving for the purpose of our future expenses. It can really give us many benefits not only for emergency but also in other unexpected things that will happen in the future. When we started to saved, its already a wise decision and thinking of the future is much more advantage.

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May 26, 2018, 08:06:45 PM
 #82

Normally, we make saving for the purpose of our future expenses. It can really give us many benefits not only for emergency but also in other unexpected things that will happen in the future. When we started to saved, its already a wise decision and thinking of the future is much more advantage.
That is the reality that we need in our life and that is to save for our future, and with that we should limit our expenses, if you are rich nothing to worry about and you are enjoying your life but if not, you can't do nothing but to save and to limit your expenses.

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May 26, 2018, 09:39:13 PM
 #83

That depends on how much is that 20% of yours if it's atleast a hundred grand then you decided to invest it to bitcoin then after a few years that investment may double or triple when comes to bitcoin it's always a win-win it might be a long hold but it's worth it unlike other altcoins that disappears after a few years.
The wisest thing one can do with one’s saving is to keep it in a bank that will give you return on your savings in long term or invest it in an asset that has a stable price chart and great future output. Keeping the money at home that you do not consume is not called the saving. This is rather an irrational behavior that makes you loss the money that can be earned if put in a bank.

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Kevondo
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May 26, 2018, 10:02:40 PM
 #84

It is good that 20% of your earnings will be saved up for emergency fund because you don't know what will happen in the future. It is important to put effort in saving because it will help you a lot. It is advisable also to invest it because saving will only keep your money, however if you want to gain more while saving, you can do that. Even though it's risky, still the manner of taking this risk is a good attitude that you can also use so that in progress you can be able to achieve your goal in the future.
Saving is the best choice but do not save your money in banks because they cutting are involved and you will face with loss. In order to make best use of your savings you should invest in Bitcoin or other crypto coins but you should choose a valuable one. This is a very important decision and you should be aware of the market processes and should focus on your investment.

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May 26, 2018, 10:04:16 PM
Last edit: May 29, 2018, 03:22:56 AM by GoldenLad
 #85

You can save up some for the future and the other for the emergency funds or issues. The good thing about saving for the future with cryptocurrency is that if you hold up good coins as a future investment and no matter how low the price is, if they coins are worth it in the long run, one can make huge returns depending on the amount one is holding unlike the interest fiat currency can offer.
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May 26, 2018, 10:40:34 PM
 #86

well, 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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May 26, 2018, 10:44:01 PM
 #87

this way is very good, but it would be nice money in gold or digital assets to buy, to invest. because with us invest our money in the form of goods, there is hope when we later need the money and we sell, we will get profit. of the money stored in the bank, better invested only.
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May 27, 2018, 03:54:30 AM
 #88

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 think we should put 20% for saving and put 10% for investment. I think investing in cryptocurrency is profitable but its high risk too. In deposit account maybe more safe but its not profitable because inflation always high

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May 27, 2018, 04:15:25 AM
 #89

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?

some do use 10% only but it depends on the discipline and the willingness to sacrifice for the long term goals. emergency funds are good but make sure that you are not earning shitcoins that are not profitable in long term.

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andrei56
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May 27, 2018, 04:17:59 AM
 #90

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 really do not think that is too surprising that a lot of people here will suggest to you that you invest in cryptocurrencies and while that is a predictable advice at the same time it is a very good advice, where you can get the profits that you can get in this market? Where you can get the profits that we can get in the timeframe in which we got them? So while there are safer investments if you really want to multiply your capital this is the market to be.
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May 27, 2018, 04:24:26 AM
 #91

savings? after we put our money into bitcoin, in order to save money, it means we have prepared for the long term. so we don't have to worry about what happened in the near future. we are just waiting for the long term.

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May 27, 2018, 04:38:42 AM
 #92

It is good to accumulate money, but do not forget to spend it sometimes, because why do you need money if you do not spend it.
I think people will not forget about that dude, because basically people prefer spending more than saving lol. even some people who actually spend more than saving? that is the wrong thing because it is including a waste, because I think for good financial management, the allocation of funds for saving must be greater than the allocation of funds to spend..

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thecoder2017
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May 27, 2018, 05:12:41 AM
 #93

Its nice having a savings in life because in case of emergency situation you can have money to use no need to worry about but if you have more than that you can try to invest in bitcoin it may double your money.
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May 27, 2018, 05:34:45 AM
 #94

For me it wiser to say that bigger portion of your savings should be invested in a  business than keeping it in bank.
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May 27, 2018, 06:09:26 AM
 #95

Its nice having a savings in life because in case of emergency situation you can have money to use no need to worry about but if you have more than that you can try to invest in bitcoin it may double your money.
dont put all of your saving to invest in bitcoin.for emergency situation its very dangerous and could not liquidate immediately.but if you take it some , it could be good for your money earning.

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May 27, 2018, 06:22:36 AM
 #96

It is good to accumulate money, but do not forget to spend it sometimes, because why do you need money if you do not spend it.
hi sir. The issue here is not about spending but investing the saved money.  But thank you for that great reminder to enjoy the fruits of your savings (if this is what you are pointing to )
i agree with spending, but we have to make sure that we dont overspend and do it not often. Spend wisely. Invest wisely also.

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May 27, 2018, 08:01:32 AM
 #97

you probably have quite a few financial goals.

They’ll all have different timescales, which means you might want to do some saving and some investing. That’s why it’s important to make a plan.
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May 27, 2018, 08:57:03 AM
 #98

I think Emergency Fund should not be a percentage. The point of an emergency fund so that in an emergency (such as losing your job, natural disaster, etc.), you have the reserves to survive until you can bounce back.
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May 27, 2018, 11:18:33 AM
 #99

One of the best way to do with my savings is to invest.Put an investment on something that will be benefial.Half of the savings stay on the bank account while the other half would likely to invest on business.Put up a small business like store,cafeteria or even a food cart and surely,this business is a good thing to do with my savings.

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May 27, 2018, 11:29:10 AM
 #100

If you put your savings to investment, then you surely see the difference, Previously a had small amount of saving in my pocket and I invest it in crypto's about 1 week pass, I see how crypto's work in my savings and I'm glad i earned good amount after bloody market strikes,  Smiley
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