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Author Topic: Wise thing to do with your savings.  (Read 8152 times)
no0dlepunk
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June 19, 2018, 12:03:17 PM
 #841

The wisest thing to do with your savings is to acquire an asset that can be appreciated as time goes by. It doesn't matter how much it appreciates, as long as it does.
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Acsirp
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June 19, 2018, 12:45:29 PM
 #842

What to do with your savings is that make it into two ,the first half  just save it for future use while the other invest it into crypto or bitcoin and try to manage it and let it grow, while the other half , reserve what ever happen to the invest half.
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June 19, 2018, 12:59:38 PM
 #843

The crucial question is what the primary reasons and tasks does a person have? Let us suppose that a person does not want to take any risk then it is better for him to hold his savings in cash or on a bank deposit which do not have a risk at all (or almost at all).
In the other hand a person may have savings and he is able to take a little risk then it is better approach to have a look at shares and crypto coins and make an investment.
balamuda
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June 19, 2018, 01:24:45 PM
 #844

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 an emergency fund must be kept in the bank, because it is a fund for sudden needs. And I think allocating emergency funds for futures investments is not good, because it will make it difficult for you to take funds when you need them right away.
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June 19, 2018, 03:18:18 PM
 #845

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 should know all of the risks that you will face if you will use your savings to make investment with cryptocurrencies. You should have enough background on the investment that you will do in order for you to not experience losses. 

furkantugra
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June 19, 2018, 03:27:18 PM
 #846

I think the wise to do with your saving is make a bracket that separated by your saving and your investment. Example : separated profit in investing ico , holding profit, and withdrawing profit. Its inly example but thats my bracket chart
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June 19, 2018, 03:38:28 PM
 #847

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 to do with the money you saved up is to start your own business in order to have more income monthly, starting your own business will give you a stable income or you can also re invest to another coin that will be good for long term holding.

sgenuine
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June 19, 2018, 06:33:05 PM
 #848

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

Waves is a very good platform but you should not invest all your money in one altcoin. Probably, you will take later a decision to change some Waves to TRON, NEO, and Cardano.
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June 19, 2018, 07:25:14 PM
 #849

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. 



I think you should allocate another percentage of your earnings for crypto investment. Emergency funds should be easily accessible and always available to you in difficult times so you do not have to invest the money into something that can delay you from accessing it when something urgent needs funds.
When we talk about emergency funds, money should always be ready in times of emergency so you do not have to put it in a time deposit like your account so you have easy and quick access to your funds. I do not advise your emergency fund to be invested in a good crypto because its value is highly volatile and you do not want to compromise your emergency fund losing value over time.
ruslanat
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June 19, 2018, 07:36:52 PM
 #850

In the western countries they make it a habit to save 10% of their personal income for their own future use, a millionaire once said, “I am glad I am worth at least 10% of what I earn”.
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June 19, 2018, 07:43:44 PM
 #851

Set long time and short time goals in life and set a timeline to achieve that goal in time. Then carefully think about how you can achieve the goal and what you can do to go where you want to go.
Reid
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June 19, 2018, 07:57:09 PM
 #852

In the western countries they make it a habit to save 10% of their personal income for their own future use, a millionaire once said, “I am glad I am worth at least 10% of what I earn”.

It is easy as long as you can discipline yourself. But that is not the issue. Where will you pile up those 10 percent if that is the number that you want. Will it be time deposit with banks or be invested with the crypto world?

Set long time and short time goals in life and set a timeline to achieve that goal in time. Then carefully think about how you can achieve the goal and what you can do to go where you want to go.


Okay already set. So where will I put it?

My God. The talk about the question of the OP is already out. He want to know where he should put it. Advises will really help but this aint one.

Well for the OP if you will keep the 20 percent of your salary then go bank for 10 percent then maybe risk the other 10. Why? It will not grow in banks. 1 percent annual is not that large. You have granchildren and still you cannot get the number that you want to achieve. Make something out of the money. That is why investing in different field are made. So that you wont just rely on banks.
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June 19, 2018, 08:06:13 PM
 #853

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
tazman
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June 19, 2018, 08:32:14 PM
 #854

Whatever you do only keep a very small portion of your savings in cash.  You are just losing wealth to inflation and government currency can collapse at any time.  Look at what happened to Greece and Venezuela.  I would keep your wealth in metals, crypto , stocks, real estate, etc.
Rambogae
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June 19, 2018, 08:41:50 PM
 #855

I think will invest wisely for my own good and others
changcloy
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June 19, 2018, 09:09:56 PM
 #856

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 would still put money in a bank and do not touch it because that money will be intended for savings also I will get another part to invest in crypto currency, truth that if we invest in crypto it will grow much better compared to put it in a time deposit but we all do not knoq until when crypto will stay so as a mom I will not put the risk all of my money to invest in crypto.
Crypto24hrs
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June 19, 2018, 09:47:51 PM
 #857

Any one that saves without reinvestment is like the biblical slave whom Jesus addressed as wicked slave for burying his talent on the ground with out reinvesting it,therefore i save to reinvest for a bigger profit 
Dodongbtc111
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June 19, 2018, 10:08:55 PM
 #858

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 the best way to do with your savings is to invest in cryptocurrency. This way you could have multiple times of profit. It's not something to take to much risk but the profit is way promising than saving in the banks.
rommelo24
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June 19, 2018, 10:30:03 PM
 #859

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?

Savings is made  for your future and in case of emergency . There are savings that is use only as emergency funds. There are also use for investment to enhance more of your capacity to earned high. Just learn the basic do not spend more than you earned.
jho0810
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June 19, 2018, 10:32:41 PM
 #860

For me wisely we can do to our savings is to invest so it will be grow. For me maybe the 50% of my saving will invest to crypto or other investment outside of crypto then if I get a profit in any of my investment i will save for my future.

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