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Author Topic: Wise thing to do with your savings.  (Read 6049 times)
uozer
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June 25, 2018, 10:53:44 AM
 #941

I don't think I can in my own perspective subscribe to the fact that my 20% set aside for emergency fund which I can equally referred to as Contingent fund should be wholly or partly invested on any coins or stocks which may be vulnerable to further risk of loosing them out where the main objective of reserving such funds is now miserable to its non objectivity which however subjected you to regret.
Contingency funds are meant to sustain you at the eleventh hour when one is in total failure/ business collapse or an inevitable calamity. Hence such funds could either be saved on special deposit or perhaps purchase fixed assets like estate and landed property, that are easily transferable when there immediate needs arises, my opinion.

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June 25, 2018, 11:43:17 AM
 #942

Make a budget and stick to it. People ignoring this advice start pending all their savings on things like electronic gadgets.

The result is that they start buying luxuries on installments which later become a headache. Later when these people are not able to pay back the amount, they get in debt. Self control is the best option to fight against this.
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June 25, 2018, 11:57:14 AM
 #943

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?

My suggestion for you that you can do to your savings is do a actual bisiness such as cafe, restaurant, boutique, and etc. In that way you can also earn and it is possible that your savings will be much bigger. In that strategy you can also gain profit that can really help you to earn a lot for your future.

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KorakPawon
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June 25, 2018, 11:58:39 AM
 #944

well as long as we do not need it and as long as our needs are still sufficient for what we take the saving, besides that we also need a profit so definitely waiting for the right day.

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June 25, 2018, 12:00:04 PM
 #945

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 it will become huge amount to invest it in your life. I think yes, the right direction. I support e eh? Hahaha!! I support cryptocurrency not capitalism and technology, right? Broken up into the future type, a great. I am not sure if you are respectable in this era, right? I support cryptocurrency.

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June 25, 2018, 12:36:27 PM
 #946

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?

My suggestion for you that you can do to your savings is do a actual bisiness such as cafe, restaurant, boutique, and etc. In that way you can also earn and it is possible that your savings will be much bigger. In that strategy you can also gain profit that can really help you to earn a lot for your future.
but profit not come in several month, sometime it need a years to gain profit from our business.it is not easy to run and manage our own business, we need make plan that perfectly with SWOT analisys.

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June 25, 2018, 12:37:11 PM
 #947

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 most wise thing to do is of course invest it buy some stocks in the stock market because that is a passive income and invest in some platforms like cryptocurrency because in this thing your money will not sleep into the bank they will not stay the same value as they were when you left them. Always engage yourself into risk because those risk can make you brave a rich. No risk in life means no progress do not be afraid to try new things but of course always save spare money into banks.

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June 25, 2018, 01:34:41 PM
 #948

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 have a point....  It will have a huge profit if we move our savings in cryptocurrency... We will just need only to risk but if it succeed ot will be very helpful to is especially if you are just saving it for the future...  Saving money is really great but if didnt know how to manage it well we will just waste a time...  Proper making of decision about saving money is really needed if you want to save and as well as earn...

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June 25, 2018, 01:42:30 PM
 #949

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 have a point....  It will have a huge profit if we move our savings in cryptocurrency... We will just need only to risk but if it succeed ot will be very helpful to is especially if you are just saving it for the future...  Saving money is really great but if didnt know how to manage it well we will just waste a time...  Proper making of decision about saving money is really needed if you want to save and as well as earn...

In taking the risks , we should know what will happen, you cannot take the risk because of your greediness. We can expect that we can earn alot of monet through bitcoin, but we need to know what will be the consequence of our own crypto will fall its value.

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June 25, 2018, 01:47:24 PM
 #950

 I suppose, that's one of the best decisions that you can make about your savings is to turn them into factors which would bring you a passive income this is like a dream for me.

susila_bai
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June 25, 2018, 01:56:07 PM
 #951

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 have a point....  It will have a huge profit if we move our savings in cryptocurrency... We will just need only to risk but if it succeed ot will be very helpful to is especially if you are just saving it for the future...  Saving money is really great but if didnt know how to manage it well we will just waste a time...  Proper making of decision about saving money is really needed if you want to save and as well as earn...

In taking the risks , we should know what will happen, you cannot take the risk because of your greediness. We can expect that we can earn alot of monet through bitcoin, but we need to know what will be the consequence of our own crypto will fall its value.

ya it is true, if you thinking same of investing your savings in bitcoin then think who have invested when the price was peak of $20k and now the price is moving around $6k so the investment have gone down 3/4th so now if any emergency happens then if you sell then you will be in loss 70% of investment. So investing in bitcoin is totally risky but now if you invest then it can be wise as now the price has gone down and next movement will be the price to go up but for that you have to wait for long term.
zhanyiguai261315
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June 25, 2018, 02:21:33 PM
 #952

I am a conservative person. I will hold 50% of my income and save it for emergency funding!
This will make me more decisive when investing in cryptocurrencies, and I will not hesitate!

jaja colleen
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June 25, 2018, 03:01:58 PM
 #953

In my own opinion the wise thing to do in saving is to make a business,search a good business that really fit in the community so that your saving will grow and also 20% of your saving put it in the bank and you will receive a interest in your savings.

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mackhoy
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June 25, 2018, 03:44:49 PM
 #954

Of course the best thing to do is to invest it to be able to at least earn and do not let your money sleeping without growing it. Multiplying is the method known in investing that leads many people into a profitable income which is as important as emergency fund.
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June 25, 2018, 03:46:33 PM
 #955

Invest half of your savings and also save the half.... But if it is only you want to take a risk
you will do it....  After all if it successful it is worth it....  But always think that
whatever the result accept it.... Because saving is good but it will depends to you on what strategy you
will do to earn more and also to save more....
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June 25, 2018, 04:00:00 PM
 #956

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 and wise thing to do with your savings is you use it in a wise investing or trading where will really help you to make more money. Just save some money for emergency and just use the rest of your saving in wise investing or trading. You can save more money by doing investing and trading.

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June 25, 2018, 04:03:58 PM
 #957

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?
Never ever invest all your savings here in crypto for it is very risky and the assurance that you'll gain plenty of benefits is not rest assured. You should only spend few of your savings for investments so that if ever it fails, you will not have much regrets over your decision. Always be smart so that your savings will be saved.

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June 25, 2018, 04:56:39 PM
 #958

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 have a point....  It will have a huge profit if we move our savings in cryptocurrency... We will just need only to risk but if it succeed ot will be very helpful to is especially if you are just saving it for the future...  Saving money is really great but if didnt know how to manage it well we will just waste a time...  Proper making of decision about saving money is really needed if you want to save and as well as earn...

In taking the risks , we should know what will happen, you cannot take the risk because of your greediness. We can expect that we can earn alot of monet through bitcoin, but we need to know what will be the consequence of our own crypto will fall its value.

ya it is true, if you thinking same of investing your savings in bitcoin then think who have invested when the price was peak of $20k and now the price is moving around $6k so the investment have gone down 3/4th so now if any emergency happens then if you sell then you will be in loss 70% of investment. So investing in bitcoin is totally risky but now if you invest then it can be wise as now the price has gone down and next movement will be the price to go up but for that you have to wait for long term.
Cultivating the habit of savings can not only set an amount for contingency or other important matters, but can potentially grow your money and gain profit in the long run. This can be possible if you invest in a reputable coin or ICO. With the increasing number of cryptocurrencies all over the market, it's best to do background check and determine which is best for investment and at the same time, acquiring knowledge, learning how to manage risks, and losses are important to build more awareness. Other way I can think of to do with my savings is to start a business.

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June 26, 2018, 07:07:10 AM
 #959

Develop a  a residual income like affiliate program. In an affiliate program, a person helps create sales of another person's product.
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June 26, 2018, 08:33:04 AM
 #960

I think it's necessary to keep savings in different assets: 1/3 in physical gold, 1/3 in suburban real estate (with your kitchen garden to feed), 1/3 in cash paper money and crypto-currency (fifty-fifty). This in principle covers many risks.
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