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Author Topic: Wise thing to do with your savings.  (Read 7666 times)
Gabus
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June 22, 2018, 05:32:53 AM
 #901

Most people just save their money in the banks but with that attitude you will not get anywhere in life. One needs to invest their money in other things that can fetch them more net aside from their normal jobs. They need at least two or three revenue streams in their lives.
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June 22, 2018, 06:25:53 AM
 #902

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?
Actually I am okay with the concept that I have something invested in a bank and let it sleep because I know I do not have to worry if my money will go down compared to crypto currency it go dump and wait for go up again, until such time come that I need it my money is still intact but still I would still invest in crypto that intended for long term investment.
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June 22, 2018, 06:49:20 AM
 #903

in bitcoin, all I need to do is convert my bitcoin into cash from my ewallet anytime. Though there were times when I cashed in even the dye. But it's not like I'm going to change everything, just the amount I need. which is why I withdraw all my deposit savings from the bank. I save money just because there is an emergency but the problem is I can not directly use the savings because I have to wait until the maturity of my account
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June 22, 2018, 07:09:43 AM
 #904

My strategy is simple. I am more of a long term investor. With a strong growth of one asset I sell this asset and reinvest funds into another. I haven't rented money for 8 months and I'm waiting for that happy period of market growth when I can finally buy myself a new car and a house. Many people say that it is necessary to deduce a part of the prize I think it's right but I do it differently)))


Yes, for me the wise thing to do with my savings is that invest it in properties like house and other profitable business, also investing in a long term period is optional.
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June 22, 2018, 10:42:08 AM
 #905

My strategy is simple. I am more of a long term investor. With a strong growth of one asset I sell this asset and reinvest funds into another. I haven't rented money for 8 months and I'm waiting for that happy period of market growth when I can finally buy myself a new car and a house. Many people say that it is necessary to deduce a part of the prize I think it's right but I do it differently)))
If you are a person with fewer saving and your friend is with more or huge savings and both are well knowledgeable about the Bitcoin’s market and other cryptocurrencies as well then one should proceed for short term and one for long term. The person with low savings should proceed for short term investment while the person with huge savings should proceed for long term investment. However there is no restriction and one can go for both but the benefited way is the way I discussed.

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June 22, 2018, 01:54:06 PM
 #906

Try to choose some top cryptocurrency on the stage and invest in it, by doing that you would not only keep your savings, but also you would get a chance for them to grow in quality

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June 22, 2018, 02:20:52 PM
 #907

Sure i will put the banks because are more secure than to put it on our house,and whatever happens in the banks they can change as they couldbut if we may lost it in our house/home it just gone forever no one can replace our  money,it is gone for no good.
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June 22, 2018, 02:22:19 PM
 #908

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 regretted that I have not put a portion of my salary from campaign into my savings. What happened is I did not have control to myself and I kept buying luxurious things that I do not really need. So now,  I am still trying to build up what I wasted and try to do budgetting and savings plan now. I will allot budget for daily expenses so that I will not have money for anything that is not needed. It is hard but if I get used to it,it will benefit me.
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June 22, 2018, 02:56:49 PM
 #909

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

I wish your dream comes true. As for me, I am going to work on the crypto market for long as I am planning to earn enough money to invest it in the real estate.

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June 22, 2018, 03:02:26 PM
 #910

Savings are important and should we do, never leave the savings because we never know how our future, with savings of course we can get a lot of profits and that mainly is to get profit.

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June 22, 2018, 03:17:29 PM
 #911

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
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June 22, 2018, 04:06:12 PM
 #912

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

It is also a good idea, it should be to have a savings and also it's good to invest the half of it, to cryptocurrecy. Just think that you save and the same time you invest and you will earn a profit.
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June 22, 2018, 04:07:21 PM
 #913

Sure i will put the banks because are more secure than to put it on our house,and whatever happens in the banks they can change as they couldbut if we may lost it in our house/home it just gone forever no one can replace our  money,it is gone for no good.
I think the best way to do my savings is to invest some of to good projects and some will put in bank for security purposes since I cant keep it at home I need to send it to the bank. If  saving is big enough I will buy some coins for future trading.

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June 22, 2018, 05:11:14 PM
 #914

Sure i will put the banks because are more secure than to put it on our house,and whatever happens in the banks they can change as they couldbut if we may lost it in our house/home it just gone forever no one can replace our  money,it is gone for no good.
Saving is the first step in learning to manage your money. Learn to manage money while, also want to control oneself to outside world flower world "desire". Take 50, 100, or 200 yuan out of your paycheck account on a regular basis. Give yourself a bit of time to adjust to a life where you have less disposable cash than you used to, and see how you've changed. After 2-3 months, increase the amount of each withdrawal from the payroll account. I think it's a very good idea.
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June 22, 2018, 06:00:52 PM
 #915

It is very necessary to know that bitcoin is always shaking violently, while other altcoin coins often make you lose everything. The risk is really too great. Using savings is the best way, so that even a long fall will not affect our lives.
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June 22, 2018, 08:15:46 PM
 #916

Saving is important to everyone because it's one of my rewards for working hard.

I will save part of my income, and participate in the investment of some ICO projects.
It is good that we should not lose our hope I think now a day bitcoin is at way of getting high, so I think we should invest our money in bitcoin as much as possible,  bitcoin has become our main part of life, we can earn more than our job using bitcoin, those who have only single way of earning are in search of any opportunity to buy low sell high, I think if you will buy some coins with your saving then you will be able to earn the highest profit ever.

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June 23, 2018, 02:22:11 AM
 #917

Sure i will put the banks because are more secure than to put it on our house,and whatever happens in the banks they can change as they couldbut if we may lost it in our house/home it just gone forever no one can replace our  money,it is gone for no good.
Saving is the first step in learning to manage your money. Learn to manage money while, also want to control oneself to outside world flower world "desire". Take 50, 100, or 200 yuan out of your paycheck account on a regular basis. Give yourself a bit of time to adjust to a life where you have less disposable cash than you used to, and see how you've changed. After 2-3 months, increase the amount of each withdrawal from the payroll account. I think it's a very good idea.

It is best to just read a book about managing money because it will save you time from finding out for yourself and you will be on a right and well guided path to your journey in money. Saving is not always keeping money because you need to use that savings in order to establish new type of sources of income and also to secure our future.

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June 23, 2018, 05:48:22 AM
 #918

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.
It is in your benefit if you are looking at the market of cryptocurrency but let me tell you that it is not easy as handling fiat currency. It is different from fiat currency and if your desired place is that of Bitcoin then you should know that it is favorable for long term investment. Therefore invest in low market and wait for the price to jump will lead you into a high market.


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June 23, 2018, 04:47:45 PM
 #919

Wise thing to do in our savings the half of your money is you invest it in crypto, so that you will have a profit. So if you put your savings into investing there a chance that your money will grow and the more savings you will have someday. Once you have a profit again you add to your savings again.

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June 24, 2018, 04:31:40 AM
 #920

Financial planning is just like your vacation planning. First you should fix your target, then make certain changes in your life style.
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