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Author Topic: Wise thing to do with your savings.  (Read 8155 times)
Sadlife
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May 26, 2018, 03:54:31 AM
 #41

That depends on how much is that 20% of yours if it's atleast a hundred grand then you decided to invest it to bitcoin then after a few years that investment may double or triple when comes to bitcoin it's always a win-win it might be a long hold but it's worth it unlike other altcoins that disappears after a few years.

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May 26, 2018, 04:01:52 AM
 #42

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?

Time deposit interest doesn't beat the rate of inflation so when you just let your money sleep then it will be devalued as time goes by. But then if you are a conservative person and doesn't want to risk his money then better leave your money in the bank but think of it that they are the one who are taking advantage of your money as they let it borrow to someone else with an interest rate that is 10x higher than what you received so you just have to choose if you will be the one who will benefit with your money or they will benefit from it.

It would still be better to invest it in an investment vehicle that has higher rate of return than inflation rate like cryptocurrency perhaps or even in traditional markets like stocks but it is still risky. Remember what happen in 2008 when there is recession. I will choose to invest it in bitcoin or altcoins with profit taking from time to time and invest it in another investment vehicle like business or real estates to have multiple investments and source of income.

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May 26, 2018, 05:08:58 AM
 #43

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?
Investing your extra money is the wise choice because if you let your money to sleep in the bank accounts then it is just wasting your money and the value of your money will decrease because of inflation.But investing comes with risk and also with great rewards so it is now your choice but the wise choice is investing on to something.
Pumapipa (OP)
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May 26, 2018, 05:20:03 AM
 #44

That depends on how much is that 20% of yours if it's atleast a hundred grand then you decided to invest it to bitcoin then after a few years that investment may double or triple when comes to bitcoin it's always a win-win it might be a long hold but it's worth it unlike other altcoins that disappears after a few years.
But bro with the current trends of bitcoin, I was thinking if investing on our will be worth the shot. As these savings are hard earned and I don't want it to go down the drain everything bitcoin dips. But I am looking into long good only investing an account that I can afford to lose.
miradorme
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May 26, 2018, 06:02:50 AM
 #45

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?
In my own opinion the best wise thing to do with my savings is to let my money sleep until such time time I need it. Because if I invest it there is a possibility that I will lost it.
sharnel18
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May 26, 2018, 06:35:06 AM
 #46

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 wise thing to do with my savings is to invest the half and the other half will sleep until such time I need it. And the purpose of the left money is when my investment will lost then I have some money left right?
Twentyonepaylots
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May 26, 2018, 07:02:19 AM
 #47

Hm, I get it where are you login with this but I dont think that it is really good idea to do that. Savings is integral part of your life and it must be there all the time. The 20% that goes into your savings accounts should be such that it is never considered to be present there unless and until an emergency comes up front. If you believe in my words then you know whats the importance of the same if you dont then I dont think that you know the importance at all. But the right thing is to save it and not to invest anywhere. Let it sleep their forever but never invest.

A wise thing to do with your earned money? There are a lot posted on some financial expert site, you can save your money thru investment in mutual fund, bank saving or even in Time Deposit, some would save on Insurance, other saving maybe in Education funds, and on Foundation for the family. and other would re invest in real estate. this just a few to mention about saving your hard earned money, still its an individual decision how and where to save you money.
MAJICOIN
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May 26, 2018, 07:17:03 AM
 #48

I would like to do investment with my savings because if we keep money with us after some time the money will be devalue and if we do investment then we can enhance he value of saving money.

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May 26, 2018, 07:34:08 AM
 #49

I think the wisest way to do with my savings is to invest on bitcoin. In this way I could save my money while gaining from it.
Its kinda helpful I think, and for me if you saving so much then it will be great for you if you try to start up a business, which may according to what you live to do and what you really want to pursue. Savings were good but it will be great if you know some way for it to bubble cause if uou keep hoarding it will not increase.

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May 26, 2018, 09:44:16 AM
 #50

a very smart decision because if your goal to become a rich person if saving decades you will never be rich because the principle of being a kayak is to invest a small capital to reap huge results and the strategy you make is pretty good.
Cotton Candy
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May 26, 2018, 10:23:37 AM
 #51

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?

For me the very wise thing to do in your savings is do a business in them because savings will not grow if it will remain as savings there are different ways you can also invest that savings like for example in cryptocurrency like bitcoins I am sure that those savings are gonna grow. But do not put it all always leave some of it in case of emergency you still have money in your pocket. Because once you get in business you cannot get that money back immediately
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May 26, 2018, 10:47:55 AM
 #52

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?
Its really nice to have savings. In case of emergencies you have something to use. I am in favour of 20% of my earnings will alloted to savings. I will spare some amount for investments. Of course I will look for a good project to invest for a possible profits. If given a chance I want also to invest some for the future of my kids and family for my kids I would like to invest in educational plans and trust funds. For entire family would be a house and lot and a small restaurant.  I still want to participate in bounties and projects here in cryptocurrency because I know earning is real here in our community. Investing is a risk but without risking you won't achieved your goals and plans in life.
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May 26, 2018, 10:50:20 AM
 #53

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?
think it would not be that much popular anymore because bitcoin has been made more famous because of its expensive value which attracted many investors. There would be a bit of possibility that it would still be reach but I don't think it would still be on top if ever its value is stable. There's a lot more things to happen but as soon as we keep our faith in bitcoin, it will keep on growing.
glowing10
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May 26, 2018, 10:50:32 AM
 #54

Saving money is totally different from investing money. You should save money and invest money you are ready to lose because investing money into something like in crypto is a big gamble. Luck and timing depends on whether you will gain big profits or lose bigtime.

Invest in the best things. Do take some risk to get the desired returns and crypto currency is one form to it. No doubt the risk is high but also the returns are exceptional and can make you millionaire in short time where as no other can give you this returns.
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May 26, 2018, 10:51:25 AM
 #55

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?
Many people has already became successful because of bitcoin and it has proven its capability to change anyone's life for a very long time already. You should not waste time anymore instead you should start investing right now because time is money here. Grab the opportunity to buy bitcoin as soon as you can so that you can gain benefit from it as time passes by since the value of it is volatile.

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May 26, 2018, 10:53:59 AM
 #56

The best thing to do with the saving is to invest it wisely in order to yield good money
kier010
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May 26, 2018, 10:59:35 AM
 #57

you should not touch the emergency funds because in time of needs you can use the money right away. it is a big hassle if you invest it then problem occur. problems occurs in unexpected time so just be content what you can invest.
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May 26, 2018, 11:42:30 AM
 #58

No, I would rather keep it that way. Having saved 20% of my profits for future purposes is what I was committed to do because if you are not going to save, you will not have a good capital in the future, and even if you wanted to establish a business, you would not have a good capital to begin with. That is why I would want to save money and forget about them until the time comes.
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May 26, 2018, 12:11:49 PM
 #59


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?

In my own much better that you will invest your money in bitcoin in long term investment so that it will surely earned
a profit in the long run, it will make your savings grow while waiting you dont need to give stressful days of hardwork to have and income, all you need to do just monitor the value of the coins every now and then.
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May 26, 2018, 12:20:50 PM
 #60

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?
Why not investing the saved money into cryptos? There is a bunch of prospective projects with tokens being traded for like x2-3-4 from their original price.
And it's a good time to invest in the most popular coins like btc, eth or dash because the market is in its dump.

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