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Author Topic: Wise thing to do with your savings.  (Read 7659 times)
Fintan Lee
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June 18, 2018, 02:03:11 PM
 #821

I have lots of money, and I can accept high risk, expected profit stable at a high level, I decided to combine savings, buy USD to send at Bank and invest in estate. Especially, I want to have higher return than the case 1, it means that I also take higher risk, I think I will invest in security and gold.
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June 18, 2018, 02:11:02 PM
 #822

Savings are very important, if you don't realize it that much now you will surely come to appreciate it in the future.
Regardless how much is allocated for savings and emergency stuff the real deal is to have it secured, I would like
 to invest a portion of the savings to truly maximize on it and secure what amount is targeted for a variety of reasons.
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June 18, 2018, 02:13:37 PM
 #823

I think it's smarter to invest you money rather than let it sleep in a bank and earn 1% per annum at best. Crypto currencies and alotnof public stocks are readily available for you. Now making your savings grow from your salary is more of living within your means. Because no one knows what will happen in next days. So be wised to used your money especially your savings. Or you can invest a house so that all your family will intact in one place
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June 18, 2018, 02:13:43 PM
 #824

That is the benefits of having cryptocurrency compare to the other investment like the stocks because in just a few months you can get at least 10 to 20 times from your capital. There is not much of a point to have money laying around and not doing anything with it, the point of savings is to do something with them and if you do not do it you are wasting that money in a way since you are not taking the opportunity that you could take with that money
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June 18, 2018, 02:13:52 PM
 #825

I also agree with that idea having that kind if savings to support  some emergency needs your can get it easily without rushing yourself where to an extra money to pay in your bills. I have only two wise things you can do with your savings and these are the most popular things you can do when it comes to savings. First is put that money in the bank to be safe and secured
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June 18, 2018, 02:21:13 PM
 #826

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 am thinking of saving some of my savings and investing some of it because I would want to earn more out of it. I am saving more so that I could put up a small business through it and I would love in invest in crypto so that I have something to gain rather than just keeping my earnings.

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June 18, 2018, 02:23:29 PM
 #827

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 you have big savings, I prefer to you to make investment with bitcoin mining. There are a lot of benefits that you can earn by making investment with bitcoin mining, one of those is earning passive income.
I really do not encourage bitcoin mining when the overall situation is very bad, the government is becoming more difficult in the import and purchase of mining equipment, if we are not careful, they can confiscate the equipment and we will lose a lot of money. In addition, I heard a lot about network security law, everything seems to be against the development of bitcoin, this is no longer a wonderful land like the past, we should limit investment in it, I encourage investment in more practical things such as real estate, health and food


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wallstone
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June 18, 2018, 02:23:38 PM
 #828

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 actually invest rather than keeping or saving my money without any interest. Though cryptocurrency is risky, uncertain, volatile and may crash anytime it will still be profitable for a savings but choosing the right coin will make sense. I saved my money in cryptocurrency and it actually has good result and I can have it whenever I need it most. I don't put my money in banks because I don't have an account yet but I am also planning to try it soon.
I also do investing than keeping my bitcoin on my wallet. You can save more bitcoin while doing investing and it will help you to make more income and bitcoin. In addition to that, I guess the best to do with you savings is to use it in trading or investing because there is chance that you could make more savings.
Rowan White
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June 18, 2018, 03:06:26 PM
 #829

I will start business by opening a small restaurant near the school, dormitory or a few large companies. Because most of them do not have time to cook, so the demand for food will so big.  After 2 years, if I can gain lots of profit,  I would sell more drinks or fruit
everythingforsale
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June 18, 2018, 03:16:24 PM
 #830

I turned all of mine into Ethereum not far from now, a month ago I think...And yes, the price is not the best, but it also not the worst ever seen, lol.
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June 18, 2018, 03:21:11 PM
 #831

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 a wise thing to do with your savings is divide it into half and used the other half for investing in cryptocurrencies for you to have gain more profit, so you could use it to provide all of your basic needs. While the other half you can put it and used it for your emergency purposes.

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June 18, 2018, 03:25:33 PM
 #832

My dream is to have enough savings, that I can afford to buy few appartmants near to center of my city, which is quite touristic and give a daily rent of them , passive income in another words.

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atomous
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June 18, 2018, 03:32:28 PM
 #833

I think that is the perfect strategy to have better savings. It would prevent the hungry, tears of nothing food, no medication. 20% is good to apply to have enough savings when time comes to collect it to use on great moment.
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June 18, 2018, 04:01:49 PM
 #834

I invest my savings into real estate thou the return is not near what cryptocurrency deliver, but it worth it at the long run, planning my retirement as government has no plan for anyone in my home country, I hope to diversify into hotel business when my profit increase. My strategy is to invest my savings into one of the 3 basic need of men, which  are FOOD(Agriculture) Shelter(Real Estate) and  Clothing (Tailoring, fashion design). With proper planning this are business cannot that  fail.

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June 18, 2018, 04:19:41 PM
 #835

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.
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June 18, 2018, 04:28:14 PM
 #836

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?
Don't end up spending all your savings for investments here in crypto, always mind the risk. You can spend some of your savings here but always leave some behind so that if ever you don't end up being successful here, things will still get better for you and you won't run out short of money. Always be smart so that you can make your saving grow.

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June 18, 2018, 05:01:29 PM
 #837

I save in a different method and as you said my savings emergency fund will be around 50%. I always have that savings in the form of Bitcoin since Bitcoin is very easy to exchange in any exchanges when there is a need or it can be transferred to anyone for emergency fiat requirement within friends and family circle. In this way my money grows and if there is a price difference in Bitcoin I will get at least 30% as emergency fund.

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June 18, 2018, 05:31:48 PM
 #838

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 thing that you can do on your saving is to invest it again in investment so your money will work for you and you can just sit there and watch your money growth and it you will do if I support cryptocurrency not capitalism and other hand, the world at large money will suppose go in your account
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June 18, 2018, 09:29:02 PM
 #839

I want to have many money.
If i have money everything can buy and all of my dream can be really.

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June 18, 2018, 10:50:47 PM
 #840

The best thing to do with your savings is to keep it safe. If it's an emergency fund, keep it with you or keep it in the bank. If it's something you can invest. Then invest it to something like insurance, so you will have better protection and it will gain further compare to banks. I don't suggest time deposit as it will just be killed by inflation. Please do not invest your savings in crypto if it's something you can't afford to lose, but if it is, with all means go ahead. Invest on projects that you believe in.

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