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Author Topic: Wise thing to do with your savings.  (Read 7659 times)
jaysabi
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June 05, 2018, 06:33:18 PM
 #461

In my opinion, it's wiser to invest your savings. Because saving itself, for example, putting your money in a piggy bank or any containers, it takes time before it increases. However if you have enough money, you can invest them. If you're not familiar or it's only your first time, then you can invest at least 5-10% of your income then save the rest on your piggy bank or whatever you call it. It is helpful especially when you knows how to handle money that much. Also, it will let you know the process of investment and techniques in order to gain what you really want.

Saving money slowly decreases wealth over time as money loses value due to inflation. On the other side, investment carries risk of loss of principal and no investment is truly "safe" from loss. Both of these things need to be understood in order to devise a savings and investment strategy that is right for a particular individual. Sitting on cash is the most conservative thing you can do as the only risk to the value is loss of wealth over time due to inflation, which is comparatively low. Even putting money in a savings account generally will not keep up with the inflation rate, so it only slightly lowers the loss of value while increasing the risk of loss due to investment activity (e.g., if the bank fails). More active investments can increase your wealth, but also carry much higher risks of loss due to failure of the business. There's no totally safe place to put money, anything you do or don't do with it invariably carries risk.
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June 05, 2018, 06:42:57 PM
 #462

I do not see the point to save money for the sake of accumulation, the money you need to save for some specific purchase.
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June 05, 2018, 06:56:32 PM
 #463

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?
Wise thing that you can do on your savings is invest with cryptocurrency and technology in the right now is to invest it in your own site for the future. I think that the best for you can get a free trial today. I am aware that the world is a great mind right to the best sites on your own profit, the future of our currency road.
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June 05, 2018, 07:03:30 PM
 #464

I keep the crypto currency for a better future because I believe the crypto currency will be useful when I want to use it.
Lucifers
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June 05, 2018, 07:18:34 PM
 #465

It's a good idea to save money and invest the rest. Investing in another profitable platform is a good decision. Invest as you can and think to be better and wiser to make a profit.
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June 05, 2018, 07:59:23 PM
 #466

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?
Wise thing that you can do on your savings is invest with cryptocurrency and technology in the right now is to invest it in your own site for the future. I think that the best for you can get a free trial today. I am aware that the world is a great mind right to the best sites on your own profit, the future of our currency road.
Yes i agree in that, investing it in crypto currency is really a good idea and we can really get a huge return on it if we are going to wait for the right price and in the right time to sell. I believe that if we are going to invest our savings it can become double on the near future, but we need to have patience because there are some situation that cryptocurrency goes dropping and some people do panic selling which can lead them to loss their investment.

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June 05, 2018, 08:00:55 PM
 #467

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?


People can (probably should do it!) put some investment for the safety of their money. There is a lot of different market that people can invest off - they all just need to be knowledgeable enough where do they put their money off. It is more better to risk to something rather than to just keep your money in a box which no profitable things up. Just be wise enough to find a good investment. and I do think Bitcoin is one of them.

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supercanada1
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June 05, 2018, 08:37:42 PM
 #468

for me the best thing to do with your savings i suggest put it in a bank or time deposit in bank.or you can also invest in a business so that your savings will grow or you can invest in crypto.
In order to put your savings in a right place you need to put your savings in the most preferred market which is a crypto market, and the most recommended coin is the Bitcoin. With your savings you can invest in Bitcoin in a low market so as to get the coins on low price and in large quantity which is the economical rule of the market. You will get benefit of investment even in the beginning and in end if you hold for long term.

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Vatimins
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June 05, 2018, 08:58:07 PM
 #469

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 know what, I have tried and thought about a lot of ways to manage my funds on both fiat and crypto and the one I like the most is the one I use now. Okay, here is what I do; when I get profits, I reserve 30% to be converted into fiat and put into a bank, 15% to be placed in a well known crypto like bitcoin, ethereum, etc., and 15% on a new promising coin, and 30% will stay as it is, and then the remaining 10% would be converted into fiat and cashed out to buy things I need or want to reward myself. Hope this helps.

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nicpaig
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June 05, 2018, 09:06:57 PM
 #470

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 money can allowyou to grow it.If you want to save,  invest then.
NevejElad
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June 05, 2018, 09:28:18 PM
 #471

The wise thing to do with your  savings is invest half of it to bitcoin investment, so that you can start rolling your money in bitcoin at the same time you can help bitcoin promote its coin to the  different parts of the globe , because bitcoin is circulating in the internet and globally, and keep the other half on your bank for future use in case what would happen to your bitcoin investment.
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June 05, 2018, 10:33:42 PM
 #472

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 can be split by half,the other half for investing at least i can gain profit as times goes by and the other will just let it set aside for emergency purposes.I don't want to compromise things incase if i need it.I need to separate my money that is allocated for emergency cases to make sure that i have something to use in such times.
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June 05, 2018, 10:40:37 PM
 #473

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?
That us quiet good idea. For me I will left also 20% as emergency fund, 10% for personal savings, 30% for investments and the rest for food and other exepenses. Sometimes if I got short with my money I will not put for personal savings but I will make it up whenever I have extra money.

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June 05, 2018, 10:44:51 PM
 #474

In my opinion, it's wiser to invest your savings. Because saving itself, for example, putting your money in a piggy bank or any containers, it takes time before it increases. However if you have enough money, you can invest them. If you're not familiar or it's only your first time, then you can invest at least 5-10% of your income then save the rest on your piggy bank or whatever you call it. It is helpful especially when you knows how to handle money that much. Also, it will let you know the process of investment and techniques in order to gain what you really want.
Well it is not wise to put your money in piggy bank because only children saves money like this, grown up people like you and me use to invest our money in bitcoin to save it for our future, the best thing about investing your saving is that your money will keep on increasing it will not remain the same for long time but it will rise day and night very high so you will earn high profit from it.

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June 05, 2018, 11:01:30 PM
 #475

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 my savings l used it to invest in a business so that l have a stable job for the future of my kids. I have to secure the future of my kids because l don't know what will happen in the future. I'm really thankful for bitcoin because in many things it helps me provide the needs of my family.

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June 05, 2018, 11:34:25 PM
 #476

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 my savings l used it to invest in a business so that l have a stable job for the future of my kids. I have to secure the future of my kids because l don't know what will happen in the future. I'm really thankful for bitcoin because in many things it helps me provide the needs of my family.
Having your own business can really help, same with putting some savings in bank or make it grew in an investment. It will be good to diversify it in real investment and in crypto trading.


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June 05, 2018, 11:56:23 PM
 #477

Make use of the leisure time on something that is useful, un particular upon cryptocurrency world. When one begins this, automatically he'll get interested to use cryptocurrencies continuously. This will tend him engage into different earning opportunities available and the same helps with make use of the savings in a better way.

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June 06, 2018, 12:14:31 AM
 #478

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 if I have enough money to invest I will surely invest it to bitcoin because I am pretty sure that bitcoin is my only way enable to have a multiple money than investing it into banks .Save money into our future by investing bitcoins , you have to be wiser in order to save for your future.

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June 06, 2018, 02:04:24 AM
 #479

I think allocating 20% of emergency savings to invest in cryptocurrency is worth a try, although a little risky but worth doing, you should choose the right investment, you can also try on short term deposits and expect a little interest, or you invest your money in stocks return the profit briefly.
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June 06, 2018, 05:21:37 AM
 #480

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?

Based on my experience that method is good but if you are looking for a higher income on investment compare to time deposit better yet go for crypto currency. In bank deposit our money will only sleep for a very minimal interest rate less the taxes so all in all the interest is much lesser. Since i am a risk taker i had transferred my savings to crypto currency investments and so far my investments are doing good but of course i had still left some of my savings for emergency needs of my family.
Saving the money out of the earning which you manage to make at the end of every month is a very good thing and that this is something which all of us must do to make our future secure. Once you have enough of the savings, then the next thing which you need to do to is that you must invest those savings at some suitable place which can then help you in having more money.

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