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Author Topic: Wise thing to do with your savings.  (Read 8155 times)
DaftAjax
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July 03, 2018, 12:37:34 PM
 #1041

will it still be possible to earn as much or invest it in cryptocurrency?

To be honest, you can earn a lot more than what you saved. Because according to your strategy only 20% of your earnings will be in the savings. You can invest in cryptocurrency if you want. But be sure that the crypto that you're going to invest it in will provide you profit. Let me tell you a little secret, add this up: Earnings - Savings = Expenses.

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Or maybe just let the money sleep until such time you will need it?

Its not wise to let it sleep, Banks will do a decent amount (only if you invest a really large amount), but I'd rather do something else, like trading for instance, just be careful on how you're going to do this.

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What will be a wise kove to do with the noney you have saved up?

If you're seeking some real advice, might as well read some beefy articles about saving up money and earn some real profit. The internet is within your reach, use it wisely.

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arrigan
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July 03, 2018, 03:06:24 PM
 #1042

Saving money for your future is crucial. If you don’t set savings goals and steadily work towards them, you will have to rely on credit when times get tough. You might even need to work through your retirement years to supplement your small government pension. Entering retirement may also be delayed or impossible if you are in debt because you need enough money to make all of your payments.
sirico
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July 03, 2018, 04:58:37 PM
 #1043

if you want to make the bank rich .. Saving is a wise thing to do  Grin You should invest your money instead of saving in banks ... Saving is for people do not have time to take risk  for a bigger profit. There are many places you can put your money in. for example. You can also invest your money in real estate, us stock , opening your own business, etc
mahilchii
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July 03, 2018, 04:59:57 PM
 #1044

That depends on your personal requirement whether you can hold 20% or more as an emergency fund and the remaining in savings. I always prefer 40% to 50% as my emergency fund always so that it will be easy for me to use that for any financial emergency if it is big or small. Apart from that I have that emergency fund utilized for festivals and occasions as well.

Crystal24
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July 03, 2018, 05:55:43 PM
 #1045

Buy good coins.
Jessica1234
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July 04, 2018, 06:56:35 AM
 #1046

The wise thing to do with your saving is invest it on a business, it will may help you to grow and multiply. Not just a money that is set aside , but it will help you to your finances.
calya
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July 04, 2018, 07:10:42 AM
 #1047

The wise thing to do with your saving is invest it on a business, it will may help you to grow and multiply. Not just a money that is set aside , but it will help you to your finances.
this is not easy to run a business.it need our sacrifice and money.even startup business, it need our struggle because some time its not run as we plan before.
Yohr87
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July 04, 2018, 07:17:23 AM
 #1048

For me I priorities to save money for my son future I invest it in very trusted and secure investment so that I have assurance it will help my son to have a good future.And also it's better you have a business it help you to grow your money  and  you have other source of income.But investing in Bitcoin is also a wise idea it is profitable.
Star_Bucks
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July 04, 2018, 03:24:22 PM
 #1049

Saving is never a wise thing to do. You should invest your money instead of saving. Saving is for people do not have the power to risk their money for a bigger profit. There are many places you can put your money in. The cryptocurrency is just an example. You can invest your money in real  estate, opening your own business, etc
Its good when your savings use it to invest because it will help you to double or get bigger profit when you take the risk your savings that you invest. You can make business by using your savings to earn more and get wealth.
princess22
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July 04, 2018, 03:34:59 PM
 #1050

For me i should buy some important things that can be useful too.
hanters
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July 04, 2018, 04:10:44 PM
 #1051

first I will regularly save as much as 20% of my salary every month for investment. before getting to know crypto I invest my money to buy land because bisnisi buying and selling land is very promising. after getting to know crypto I moved to try business cryptocurrency, crypto has bigger risk than land business but crypto give bigger profit.
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July 04, 2018, 04:15:47 PM
 #1052

I am prepared to put it in time deposit, to put the it in crypto currency is not advisable because that is my usual thing to do and for me if it is already intended to invest in bank I will not change it and besides it is better to put some of your fund in a safe place than put it all in the risky way.

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reinielle26
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July 04, 2018, 04:23:44 PM
 #1053

I think it is foolish to invest your emergency funds to crypto. We are all aware of its volatility. Its value goes up and down from time to time and you might need that money any moment.
cryptoguy1234
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July 04, 2018, 06:11:22 PM
 #1054

The astute activity with your funds is put it in something that gives you a benefit out of that speculation you give which is fundamentally the pith of venture. It is awful to stack your cash in your own particular wallet or vault. It is great to place it in some place where it would in the long run become possibly following a time of being contributed or even months. For individuals who likes to chance, cryptographic forms of money are beneficial for you. What's more, for individuals who do no need much hazard, you ought to put resources into organizations or banks that has built up great notoriety in the general public.
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July 04, 2018, 06:37:44 PM
 #1055

Despite what people have probably been telling you for most of your life, big ideas are worthless. Nearly everybody has had a brilliant idea at some point in their lives, and very few of these people manage to turn it into a reality. This is because money, motivation and effort are required to turn dreams into reality, money being the major factor is it can buy the other two, heck it can even buy ideas if you're that dull you can't think of your own. As such, don't invest in simple ideas, only invest in those that are demonstrably profitable.
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July 04, 2018, 07:25:13 PM
 #1056

wise thing to do with savings definitely is not to sell but to wait for prices to go back to its normality and to gain as we have to in a proper way.

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July 04, 2018, 07:37:15 PM
 #1057

Emergency funds are slated to be used for emergency purposes as such it is very much advisable not to use such money on an investment which would take a longer time to yield interest.
Nevertheless, some of the savings can be used to invest in businesses which could yield interest in a short time to prevent being unaware of emergencies.
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July 04, 2018, 07:37:23 PM
 #1058

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?

Invest your extra savings to a good stock market company so that it can multiply. or build some business that you like so even your son or your family future can manage to survive.
West0813
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July 04, 2018, 09:25:34 PM
 #1059

Its always a wise thing if you save or use your savings in the well being and future of you family. And not use it in vices, gambling, drugs and any other illegal activities.

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BlackBeauty
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July 04, 2018, 09:32:16 PM
 #1060

Its always a wise thing if you save or use your savings in the well being and future of you family. And not use it in vices, gambling, drugs and any other illegal activities.
Yes illegal activities can destroy your life and your family's life, so you should spend your money in important thing that need to life and that's why you have save a lot of money for your future and if you want to invest in digital currency specially in bitcoin, so you will earn huge amount because it will give you big profit by its high price and your future will also secure.
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