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Author Topic: Wise thing to do with your savings.  (Read 8159 times)
Techno012
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July 30, 2018, 11:39:30 AM
 #1321

If you managed to save your money, you need to spend this money wisely so that you can not ultimately spend that money in vain. I prefer to invest in gold for the long term.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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ignatii
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July 31, 2018, 06:19:23 AM
 #1322

Make sure that you understand the risks of investing. Many people who invest think they are going to be very successful, and are not prepared to lose all of their money.
stepanovage
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July 31, 2018, 06:43:59 AM
 #1323

Find the right people who share the same investment objectives and goals. It is easier to get along with right minded people and learn from each other.
lingter34
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July 31, 2018, 06:59:34 AM
 #1324

All we wants and need someday will rely on it. Spending on the right time and have a valued for you is the best thing/move to do with it. So don't waste our savings.
shreya.jeloka
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July 31, 2018, 07:25:35 AM
 #1325

Doing business is pretty amazing, investing is great in term of profit making. Saving is not that profitable especially if you put it in the bank so make sure not to put too much money on your savings, find ways on how your money can gain profit.
kahrde
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July 31, 2018, 07:47:21 AM
 #1326

When you have much money i think that would be good if you are still investing in other valuable thing and maybe open/learn some new bussiness. That would be good after all
Rrotess
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August 03, 2018, 11:10:21 AM
 #1327

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 should really invest it. Why would we let it sleep if we really need a money in the future? And it is only 20% of your earnings so we don't have to worry too much. But, i should invest in a good and with a future ahead business an not in a risky business.
Burogh
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August 03, 2018, 12:24:08 PM
 #1328

Each of us may experience those situations that we really want an instant money and most of the time like emergency purposes that involve health problems. As what I did some of my earnings here in crypto currency I'll put it for insurance company as I can benefit it during emergency as I really needed it. Also, some of my savings may create a small business but somehow may have a little income and someday soon I will invest a big-time business establishments since today I don't have too much savings.


Managin our income is important thing. We should saving our income and make investment with it because we never know what happen in the future. Having insurance and start having a bussiness is very important to maintain our wealth

doraegun
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August 03, 2018, 12:30:53 PM
 #1329

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 i don't spend my money for un necessary spending, long term investment is better for the situation of price like what we have experienced now the price did not movable.

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billionaireSHS
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August 03, 2018, 01:11:33 PM
 #1330

Wise thing to do with your saving is to invest it. Just like on what my prof. said if gain profit with your investment do not get it instead make it additional investment. And if your additional investment gain a profit, don't get it again but invest it again. Don't make your money rest.

InKiTy38
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August 03, 2018, 01:20:24 PM
 #1331

If you want to be rich, the best thing to do with your savings is to invest in something that is highly profitable and they can help you make a lot of money. Than that is the wise thing you should do with your savings
nauredok
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August 03, 2018, 02:57:48 PM
 #1332

I would go against any temporary deposit schemes since if you had an emergency and you can not get cash immediately and two, you literally will not earn anything significant from this, really, and this it's better to distribute this 20% to your emergency fund or invest in something else. It's best to make savings - buy crypto-currencies, but not one, because investing in it will take all your investments if the price falls, it's better to divide the money into different crypto. Thus, the loss of chances will be reduced, and the chances for profit will increase, because in general the prices for almost all the crypto-currencies are growing.
ghost14k
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August 03, 2018, 04:20:15 PM
 #1333

It is always good to save up some money for rainy days. Taking some of your profits out of crypto is a good move and put it in a different investment all together. If cryptocurrency is not doing well then the other investment will be a saver for you. Though cryptocurrency gives the most profit within a short period but still it is too volatile for one to put his / her eggs in a single basket. Through out this yea the face of the market have been on the downside so one needs to be prepared for times like this.
Rhaizan
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August 03, 2018, 04:39:13 PM
 #1334

Wise thing to do with your saving is to invest it. Just like on what my prof. said if gain profit with your investment do not get it instead make it additional investment. And if your additional investment gain a profit, don't get it again but invest it again. Don't make your money rest.

Invest your money in crypto is good but my advice is try to save some for your money for rmergency, because the price of coin is not always increase we all know that anytime we can lose our money when we seel our coin at low price ,so to avoid this happen continue invest your money but don't forget to save for your emergency needs.
Raufjoze
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August 04, 2018, 06:57:56 AM
 #1335

You don't know what will happen. Investing in bitcoin is a long term You have to wait for costs to increase. Best to save your money where you can use it physically You don't know when it can happen. The best thing you can do is invest your money. Expect funds for emergencies
Ngewex Yuk
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August 04, 2018, 07:35:40 AM
 #1336

The best thing we can do to make money continue to grow is by investing, if we invest then we can be sure money will continue to grow, and crypto is the best solution to make money continue to grow.

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enwi
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August 04, 2018, 08:00:05 AM
 #1337

I don't use all of my money for investment, even though I always leave some profit that I get for my savings, because I know that crypto has a high risk and I have to have savings for my future
Kingsingle
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August 04, 2018, 08:52:08 AM
 #1338

If you are not afraid of risk then please invest in ICO, perhaps they will make you profit many times the amount you have initially, so take the risk and the wealth will come to you.
mackenzie5
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August 04, 2018, 09:24:48 AM
 #1339

One should think twice prior to spend or invest to his hard yearned money because the money once it is going or spending from the hand it will be very difficult to come back to the original position.A wide and experienced invester will  try to study first and understand what he is going to do  Bitcoin is an electronic asset and which is a new form of economy which is found deem suitable to the modern world.. Its characteristics are very attractive to the entire business community world wide.so bitcoin is a good investment tool.
fia_naila
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August 04, 2018, 11:58:52 AM
 #1340

My investment portofolio which i get from hard work is 15% of my hard earned money for crypto investment and the rest is still in my fiat. And from 15% of my crypto investment i devide it again 50% for bitcoin and 50% for very good altcoin like eth, litecoin and dash. Those 15% is for very long term. I buy crypto gradually every month from 2014 and its worked for me. Untill now i still buying it.

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