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Author Topic: Wise thing to do with your savings.  (Read 6616 times)
overseer470
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June 19, 2018, 08:06:13 PM
 #861

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
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tazman
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June 19, 2018, 08:32:14 PM
 #862

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
 #863

I think will invest wisely for my own good and others
changcloy
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June 19, 2018, 09:09:56 PM
 #864

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
 #865

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
 #866

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
 #867

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
 #868

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.
BlackBeauty
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June 19, 2018, 10:41:05 PM
 #869

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.
Saving is best option for your family's future and that's why if you save in wisely so it will give you much more profit because wisely saving is bitcoin and you can save for long term as you want it will more profitable because bitcoin price will going to more high in future and those people who invest for long term they will get huge profit.

Cita1
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June 19, 2018, 11:02:45 PM
 #870

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. 

Agree it is very risky to invest your savings if you are not well knowlegeable in this field. Be carefull with your savings because of wrong or misguided tecnique could lead you to debt.
Vatimins
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June 19, 2018, 11:12:08 PM
 #871

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.


     Indeed, I too think that emergency funds should be accessible anytime we need it because emergencies are not called emergencies if we expect when they would happen - they are emergencies because they are unpredictable in anyway. This is why we need to have access to these funds when emergencies come.

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StarofBTC
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June 20, 2018, 06:50:55 AM
 #872

when you have saved a reasonable amount of money, the wise thing to do is to invest such money in any business that brings daily or regular returns. even if there is an emergency you can take care of it without any stress.
That is a lovely suggestion and I love it because the asset gives you a constant supply of money or income once you invest in it. Besides, the risk factor is  a bit low in the traditional investment like investing in a shop or buying and selling cars.

This helps you escape the daily panic when you are in the crypto market instead. The issue is normally faced by the daily traders and the long term holders enjoy till the end.

giarised
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June 20, 2018, 07:14:20 AM
 #873

I have a strategy for financial savings. I will save 30 percent of my income to buy coins or investments in crypto. and 70 percent to meet living costs. 30 percent of the investment, I share in various coins so it will have a bigger chance of getting faster results.
Person with low savings can start from less valuable cryptocurrencies to more valuable cryptocurrencies. So there are no worries and you will slowly upgrade as you are now in a market from where you can get profit easily with your good knowledge. You will slowly improve in the market and will shift to the market of more valuable and profitable cryptocurrency which is called the Bitcoin.

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Umar001
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June 20, 2018, 07:41:02 AM
 #874

40% of my savings go for different crypto investments, I will spend  40% of my savings on my day to day activities, and 10% go to my family and love one, lastly 10% go charity, I, e less privileged in our society.
davinchi
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June 20, 2018, 11:34:31 AM
 #875

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.

There are different purposes. Transaction purpose of money. By which I mean the money needed for transaction but the function can also be performed by crypto like Bitcoin which is widely accepted. For precautionary, we can also use Bitcoin if a hospital can accept it.

If not, we can also use our current account and withdraw cash in time of need. But saving can be used partly to earn money and partly to use for good.

lucyhahaha
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June 20, 2018, 12:42:39 PM
 #876

By the word Saving, it means putting money aside, bit by bit. You usually save up to pay for something specific, like a holiday, a deposit on a home, or to cover any emergencies that might crop up. Therefore, everybody should do their best to build up an emergency savings fund.Your emergency fund means you have some financial security if something goes wrong.Now that you’ve got an emergency fund, it’s a good idea to save up at least 10% of your earnings each month (or as much as you can afford). Set yourself savings goals and put away enough to buy what you want. This could be a house deposit, or a trip.If you've settled your debts, don't have many other expenses, and thus find yourself in a position to save to invest, I highly recommend it. Saving for an investment property, in particular, can provide additional income by renting it out on a short- or long-term basis. Outside of an investment property, you should be saving to become your own boss — if that's something you aspire to be — and the type of business you want to pursue will dictate how much you'll need to save.
ilinale
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June 20, 2018, 02:01:04 PM
 #877

How can we grow or make optimal use of the finance that we normally handle? Questions like this cloud our minds most often as we fail to manage our finances efficiently.
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June 20, 2018, 02:09:07 PM
 #878

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.

There are different purposes. Transaction purpose of money. By which I mean the money needed for transaction but the function can also be performed by crypto like Bitcoin which is widely accepted. For precautionary, we can also use Bitcoin if a hospital can accept it.

If not, we can also use our current account and withdraw cash in time of need. But saving can be used partly to earn money and partly to use for good.

Well bottom line is, you must have savings regardless of how much you're earning. We have to look ahead to realize the importance of this not just for emergency purposes only,  but to have a more comfortable life when you retire. If you can afford to have investments then that's even better.

kristineirene
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June 21, 2018, 02:23:42 AM
 #879

Having a savings account is also important things that we must have in case that there's  emergency happened you can just easily use it because if you have a savings account you ca managed the way u spend your funds.
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June 21, 2018, 03:12:50 AM
 #880

Invested in making your life more productive. If your computer runs sluggish, you might think whatever, just take it, but if you add more memory, faster processor, bigger monitor, it will make your daily life better and more productive, and you will produce more. A million things like that.
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