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Author Topic: Wise thing to do with your savings.  (Read 8217 times)
mariah.sadio
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June 28, 2018, 05:15:34 PM
 #981

I also agree with your idea or try to increase the percent of your savings to 50% so that you can really earn a lot from it. Managing your money will is one of key ways to be successful and financially free so managing your money is a great thing for people now.

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shulio
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June 28, 2018, 05:16:59 PM
 #982

I prefer that %20 of saving part should be keep safe until the crypto currency market enters bull market. Otherwise that %20 safe saving will be lost.
Cryptoproff
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June 28, 2018, 05:49:40 PM
 #983

The investments that you make into the cryptocurrency is always considered a wise thing, only thing we're supposed to do is the perfect research to make sure that the market is supportive to grow rather than decline. For the same one should not put his entire savings into cryptocurrency which too is a bad decision.
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June 28, 2018, 06:09:38 PM
 #984

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 thing to do with the money saved up should 10% for investment and 10% for emergency fund.
Emergency fund is not meant to be invested, it is meant to be saved up for the day of trouble which may come at any point in time. So put such money into investment is very risky and not advisable.
The remaining 10% should be put into investment, for example cryptocurrencies or shares, to earn more money over time.

sirico
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June 28, 2018, 07:38:06 PM
 #985

simply you can go for a safe investment ... if i were you . i'll invest in Crypto ICOs , masternodes & Stocks  .. also you can buy ETH after the bull market you can gain your profit
siguria
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June 28, 2018, 07:43:12 PM
 #986

i think that the wiser thing to do with your savings is to do investment and to make double profits and to gain a lot.
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June 28, 2018, 08:06:37 PM
 #987

wise things to do with our savings for me is to reach my goals that are pretty expensive and need a lot money and i don thave even the quarter part of it so i need a lot for money and hope one day they are going to become real.

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Roboabhishek
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June 28, 2018, 08:24:35 PM
Last edit: June 30, 2018, 08:52:28 AM by Roboabhishek
 #988

I prefer that %20 of saving part should be keep safe until the crypto currency market enters bull market. Otherwise that %20 safe saving will be lost.

Well, I like to invest more rather than storing them on my wallet.
Everybody knows saving is a good thing but we should get some passive income by investing.

Read about ideas here: https://wellkeptwallet.com/24-great-passive-income-ideas/

Not only bitcoin but all crypto curries are risky to invest in as they all are volatile.
ofelia25
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June 28, 2018, 08:48:09 PM
 #989

I prefer that %20 of saving part should be keep safe until the crypto currency market enters bull market. Otherwise that %20 safe saving will be lost.

Well, I like to invest more rather than storing them on my wallet. I always buy coins from my profit and salary. I know saving is good but we should do some future planning.

Not only bitcoin but all crypto curries are risky they're volatility which means my money can increase and decrease.
Besides that it is so important that we do have plan or a goal that we always want to achieve, it is fine to save money for as long as we are aware what's your plan it so you have any motivation with what you are doing.
BitcoinMarshal
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June 28, 2018, 08:51:01 PM
 #990

i think that the wiser thing to do with your savings is to do investment and to make double profits and to gain a lot.
Its not easy and nothing happening every time in try to gain double profits many already lost their investment and now living in worst position for these things you must do some research and then invest because this crypto world is very risky and price volatility so becarefull about any investment with greediness
Mystogan915
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June 28, 2018, 09:10:50 PM
 #991

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?

If ia am you i will invest the 20% in cryptocurrency because i have a chance, big chance to get more profit. Keeping your money now is not a good decision because if you have emergency funds that's okay. Invest the other money on crypto, and wait to gain a huge profit.
sieemma
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June 28, 2018, 09:13:39 PM
 #992

Savings are used to care for the unexpected or emergencies in the future so if there is any thing that must be done with it,  it must be something that must allow for easily accessibility. For me,  I think it should be made with trading which can be used anytime one needs it.
xxlouisxx
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June 29, 2018, 03:06:13 AM
 #993

The best things can you do is to invest your money. Expect the funds for the emergency because you don’t know what will happens. Investing in bitcoin is a long term you have to wait the cost will be increment. Emergency situation cannot be predicted. You have to separate your saving and investment because when in that situation, even you lose profit or having small
think3214
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June 29, 2018, 03:06:22 AM
 #994

Well, as they say make the best out of it,and I think that's to diversify the money that you have save to different entity or way for it to grow, but take note risking is not same as throwing your money. Saving to me is never a good thing. Instead of saving, I invest my money. Real estate can bring you a stable profit every year. Gold never lose its price no matter how bad the economy
gerald246kru
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June 29, 2018, 03:06:32 AM
 #995

The best and wise thing to do is save your bitcoins and altcoins until you get a huge profits and benefits on it. Investing is fine and that is something that you should do but the problem is that many people do not take anytime at all to learn something about the market in which they are investing so it is better to take things slow and avoid investing in so many markets in a short time frame
Saiful Islam777
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June 29, 2018, 06:02:04 AM
 #996

Many people keep some parts of the income in store. So if some savings can be accepted as a deposit, it is possible to invest freshly with that money.
bhordz357
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June 29, 2018, 06:24:01 AM
 #997

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 could (and probably should) put it into some form of a safer investment. There are a lot of stock options out on the market that allow for pretty continual growth albeit very slow. This would be better than just leaving your money in a risky investment or just letting it sit under a mattress somewhere because at least you collect some interest. As you keep making money, you'll end up with more in that emergency fund until it becomes something that you can actually work with in a few years/decades.

Well for me savings should be wisely divided into two things there's should be long term savings and short term savings. In long term I can put it to a time deposit for future use. The short term is the money that I used to invest and roll for a day to day transaction. This is also include as emergency funds if case calamity stuck or some emergency bills needed to be settled immediately.

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@baracitamon
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June 29, 2018, 08:34:38 AM
 #998

If you dare take the risk then invest in ico, you can quickly become rich if you choose to invest in electronic money. So saving money will not lend to you.
RudeeTam
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June 29, 2018, 09:03:05 AM
 #999

IN my experience, it really depends on your appettite in earning money. You want to keep it relatively safe? Put it in a time deposit. You'll know your possible gains but it will be lower than if you invest in crypto. NOw if you do invest, it will be riskier. But the possible gains is higher and you have hold of your money.

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June 29, 2018, 09:18:48 AM
 #1000

IN my experience, it really depends on your appettite in earning money. You want to keep it relatively safe? Put it in a time deposit. You'll know your possible gains but it will be lower than if you invest in crypto. NOw if you do invest, it will be riskier. But the possible gains is higher and you have hold of your money.

Invest your money in crypto when you really sure on it, when you know how risky you are joining them invest but don't put all your money because you need to save some of your money just in case of emergency .
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