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Author Topic: How to save money on a long-term period  (Read 2370 times)
Bitkoyns
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September 05, 2018, 01:28:47 PM
 #81

savings can only be made by reducing spending. because the income-expense balance is important. if the gain is fixed, the amount of expense must remain constant. otherwise the balance will degrade. it is a situation that is referred to when the savings balance is already broken.

for me saving cant make you rich investing and doing business does, if you save money yes you store the quantity but you did not store the value it is better to have a savings that constantly earning a good value.

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hacekd
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September 05, 2018, 01:31:25 PM
 #82

If you want to save your money all you have to do is to invest and make your own bank account so that you have a money that can use in the future.
You must really have the intention to invest, never save your money in the form of fiat because it will only harm you, but think about it with gold or crypto because this will be a huge advantage

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September 05, 2018, 01:36:27 PM
 #83

In shorter explanation, you can save if you cut your expenses. Savings are intended for long term by the way. Its also for future unexpected expenses or something you want to do in the future. Of you dont have control with your money and keep on buying things you dont need then you cannot do savings.
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September 05, 2018, 02:33:40 PM
 #84

Saving Money is freaking hard Man. Trust me. It needs a strong dedication to save money and continuous effort. Just one thing is don't ever put money on unnecessary things.
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September 05, 2018, 03:08:59 PM
 #85

Saying that you can save money is easy as 1,2, and 3 but hard as solving in Calculus. If you want to invest, you must dedicate yourself through it. Even do how hard it gets, or how slow you can achieve it. Business is always full of downside, it was never a happy ride at first. No one ever became successful at first, because they all experience failure. But it wasn't really the failure that gets them going, but the heart they put into it. They dedicated themselves for that business, that what ever happens, they pursue that. That is the characteristic your must first have before engaging in saving money.
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September 05, 2018, 03:17:16 PM
 #86

No, long term consumer debt is dangerous. No, I believe that exciting and positive memories can be made in many ways that don't involve debt, much less long term debt. Long term consumer debt bankrupts many families a year. A vacation to Disney World isn't worth it if in the end you end up losing your house. Financial security is a gift that is more valuable then many realize.
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September 05, 2018, 07:17:11 PM
 #87

savings can only be made by reducing spending. because the income-expense balance is important. if the gain is fixed, the amount of expense must remain constant. otherwise the balance will degrade. it is a situation that is referred to when the savings balance is already broken.

for me saving cant make you rich investing and doing business does, if you save money yes you store the quantity but you did not store the value it is better to have a savings that constantly earning a good value.
Agree with your idea patience will help you in this regard, it is good to invest our money because it will, make your money more than double, if you will only save your money for long time it will only get rusted so better to buy coin like bitcoin with your money and invest your money for long time, for me investment is one of the best way to have saving for your future bad days, don’t spend your bitcoin try to hold as much as possible.
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September 05, 2018, 07:28:45 PM
 #88

 Compare your income and expenditure to establish this. This will make it possible for you to mark your progress towards your saving ambitions. Always have saving goals that you have set. Save for your wedding, new home or anything that you consider being a big expenditure, it will keep you motivated
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September 06, 2018, 01:48:38 AM
 #89

If you want to save your money all you have to do is to invest and make your own bank account so that you have a money that can use in the future.
I think everyone is sure to know this, but the bank has a shortage, there is an administration fee every month, if you don't mind you can choose it.
If you want to save money in the long term, you can choose bank deposit, invest on altcoin that have good prospect and gold

The bank does have an administrative fee, but as long as our deposits get more interest than the fee, it is quite profitable

yeah you are right, by choosing a deposito savings, i can get a pretty good interest every month, but opening a deposito savings account requires a lot of capital, and in my country time for deposits of 1.3.6 and 12 months and is also 3 years with interest of 6.25%
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September 06, 2018, 02:00:17 AM
 #90

I think if we are going to save money for a long time we need to make also a way to gain profit everyday or month to make our saving safe. Because if we don't make a way to have profit we cannot really save because we have needs and we need to provide our needs in order for us to survive.

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September 06, 2018, 02:37:47 AM
 #91

savings can only be made by reducing spending. because the income-expense balance is important. if the gain is fixed, the amount of expense must remain constant. otherwise the balance will degrade. it is a situation that is referred to when the savings balance is already broken.

for me saving cant make you rich investing and doing business does, if you save money yes you store the quantity but you did not store the value it is better to have a savings that constantly earning a good value.
only saved our money in the bank could not avoid yearly inflation.maybe the value of our money could decrease.better to put it in investment portofolio or maybe in property that give us yearly growth.


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September 06, 2018, 08:01:58 AM
 #92

The greatest option is to have some sort of second income that is creating a profit yield by itself. I have some stocks that yields dividends all by themselves and I have talked with the bank and told them to buy more of that stock with the dividends as well.

Hence, I am getting more and more shares of the same company with the money that company paid me. By logic if the company doesn't go bankrupt I should have a lot of their stocks by just having it.

You can select real estate as well and get a flat and rent it to someone (or airbnb it) and make sure its always taken cared of (if some parts of it breaks, fix it right away, if you wait it gets worse and you will have to spend money all together) and the price of the flat goes up while you also collect rent at the same time.


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September 07, 2018, 01:07:33 PM
 #93

Save and collect money little by little for future needs. Saving is not a difficult thing if you have strong intentions and are not lazy to make it happen.
Collecting money or saving is not an easy matter. Naturally, most people will be moved to spend the money they hold. There is a certain satisfaction when we succeed in spending money on our own hard work. Including a sense of pleasure because of having items that were successfully purchased.

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September 07, 2018, 01:24:50 PM
 #94

Everyone has their own strategy of saving for long period of time.
Personally,  I would go for bitcoin investment  or gold investment.
It is also a form of saving.

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September 07, 2018, 02:24:08 PM
 #95

Everyone has their own strategy of saving for long period of time.
Personally,  I would go for bitcoin investment  or gold investment.
It is also a form of saving.
It would also be wise to diversify your investments. I split mine 70:30 in favor of traditional investments like stocks, bonds and time deposits. Buying gold might not be a bad idea either since there is always demand for it and can be readily liquidated.

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September 07, 2018, 02:24:40 PM
 #96

if you want more security then I recommend choosing a deposit at a bank, because in this way the risk will be smaller even if you have a small return too
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September 07, 2018, 03:08:02 PM
 #97

Maybe you have to follow the way people who succeed by saving money in the long run. Note how they deposit the money carefully. Maybe giving a concern about your money will make you more economical.
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September 07, 2018, 03:29:29 PM
 #98

If you want to save your money all you have to do is to invest and make your own bank account so that you have a money that can use in the future.
Yeah I agree in your opinion, if you have more money try to invest in cryptocurrency and open a bank account so that if you gain profit in your investment you can put your profit in your bank account so that you can save for your future become successful and financially stable.
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September 07, 2018, 03:35:20 PM
 #99

If you want to save your money all you have to do is to invest and make your own bank account so that you have a money that can use in the future.
Yeah I agree in your opinion, if you have more money try to invest in cryptocurrency and open a bank account so that if you gain profit in your investment you can put your profit in your bank account so that you can save for your future become successful and financially stable.
Long-term investments must choose safe coins, such as bitcoin, by opening a new account and you start investing, then you will be more calm facing price fluctuations, most importantly your heart will feel calm

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September 07, 2018, 03:36:20 PM
 #100

How to save money on a long-term period or an essay on black metal.
       This is the translation of my original article. The original is here:
https://bitcointalk.org/index.php?topic=4452770.0

I apologize for my English. This is not my native language and I have to use an automatic translator. But I think that you will understand my main thoughts.

Hello friends! Bitcoin is cool. I am an enthusiast of bitcoin and I hope for his growth. But periodically, all holders have to face problems. In this topic, I would like to share with you my idea (and experience) on how to keep the constant value of your money (and even multiply it by a percentage higher than inflation) over the long term. What do I mean by long-term? Period of time in the range from six months to several years and even up to tens of years. The latter is also possible (I think so), although, personally for me it is more of a theoretical interest.
Why is this relevant and how is it related to the cryptoworld? I think that you already guessed). It's wonderful to be a holder and a tractor) crypts on bull (and, especially, a long bull market), but from time to time come to us very different times. Yes, from time to time long bear markets come to us. As an exemplary example of such a market, you can cite the year 2014, when almost the whole year bitkoyn, and with it the rest of the crypt, basically fell.
       I foresee a similar scenario in the not-too-distant future; of course, after the cue ball is once again otzemunitsya (well, if it really happens).
       So, suppose that you are an investor with some margin of crypt. Let's say that you were able to correctly anticipate all the roller coaster growth and the beginning of the bearish crypt market. There are signs that this is serious and for a long time. You'll have to wait for turbulent times in fiat or its steeblechkan equivalents.
But!:
Will it be right to keep money in fiat on a long-term basis? (by default, we mean that the fall will be indefinitely - long, from six months to several years - the bitcoat cycles are stretched).
     Finite money for long-term storage has many drawbacks. Firstly, whatever they say, and Fiat - it's just pieces of paper and figures in the database (in the case of a non-cashier), not protected against rampant inflation (which, by the way, is very different from officially stated). Nobody and nothing can prevent the state from printing these pieces of paper and tsiferok as it deems necessary. A real example before our eyes is the depreciation of the ruble against the dollar in 2015 +/- 2 times and the subsequent price increase. In my opinion, only solid material assets (or bitkoyn can protect you from such devaluations, but it, as we agreed, in this case is in the hands of bears). Below I'll talk about this in more detail, and now a little about how I came to the conclusion about the effectiveness of saving funds in black metal. I came to this idea spontaneously - intuitively.
    In 2014, I thought about building a house with a garage, more precisely, first about the general extended foundation for them. For these purposes, I purchased a sufficient number of metal fittings. I bought with a decent amount of this excess, as I kept in mind another building object. After the construction of the foundation, the majority of the reinforcement remained, however, and the construction season was crumbling. For a while I forgot about my metal. He was lying on my plot in front of the future garage with a huge heap (tied up). I remembered about the valve only in 2015 after the devaluation of the ruble. And I was pleasantly surprised at the preservation of the value of my money))). I tried to test the remaining metal. After the announcement on Avito, several real sellers responded at once, which pleased me pleasantly. They were ready "right now" to buy up all of my armature.
Although the price I put even higher than the market ... it's by the way, eloquently speaks about the liquidity of black metal. This gave me serious food for thought and I ... changed my mind about selling, and used metal for construction on another of my real estate properties. But the very idea of ​​keeping the value in black metal, as they say, has deeply sunk into my soul. I realized that in this capacity, black metal, perhaps, would plug the belt and gold and real estate and, even more so, cash (there were crypto accumulations at the time, but no one knew how long this "exhausting flat" would last) . Before the next crisis in the crypt (the current one I do not consider a crisis), I plan to decently recoup with black metal. Most likely in the form of reinforcement, it can be profile and round pipes, most running sizes)
      And now let's compare in order the black metal as a means of preserving value with cash, gold, real estate and, for example, antiques).
      1.) Black metal and cash
1. "Internal Value" (hereinafter referred to as the consumer value). Cash has no intrinsic value; they are unable to perform functions other than exchange (for other money, assets or goods). That is, theoretically they can depreciate completely (a fantastic scenario, but nevertheless). Black metal can always be used for its intended purpose in construction.
2. Stability of value on the long-term. In the long term, Fiat is gradually depreciating, black metal is not. It, of course, can rust, but we mean responsible dry storage indoors. The joke is that my armature was lying open for several years. It is a bit rusted, but no one pays any attention to it, the cost is preserved).

3. Compactness
Black metal is not as compact as various forms of fiat money, but it is not necessarily seen as a drawback. But it's not so easy to steal it). Compare that it's easier to steal: a bundle of banknotes (crack non-cash money) or a ton of black metal))).

2.) Black metal and gold.
Gold has many of its forms, each of which is not very convenient for long-term storage:
Gold bars (hemorrhoids with banks, registration, difficulties in selling back, state monopoly and seller bank, unfair prices for you.) If you store gold in a bank, you pay decently for storing your gold, as a result your savings melt)
- Investment coins. Again, you will trade with the bank in a way that is not profitable for you, because you are in unequal relations with it.
- Jewelry. The problem with the sale. There is no uniformity, each product is unique. A substantial part of the price contains the work of a jeweler, which your buyer can evaluate.
- Various forms of non-material gold ("paper gold", assets tied to gold, various derivatives on / from it) Intangibles here are the main minus.
Gold loses to black metal in practical use. In the regulation and limitations of its turnover. In too great a variety of forms and the absence of rigid unification (which could have a positive effect on liquidity)

3.) Black metal and real estate
Real estate loses to black metal:
1. The need to register transactions in a specially created for this purpose state institution
2. Real estate objects are too diverse and not uniform, which can make their sale more difficult. Each property is unique in its own way.
3. Black metal has a "volume flexibility". You can buy a little more or a little less in a fairly large range. The real estate object needs to either buy in its entirety or not buy at all ("take what is given")
4. Black metal is mobile)
5. Buying a property you "buy" and neighbors and infrastructure that may wish for the best and with what (and with whom) you have to put up. With black metal, this is not necessary.

4.) Black metal and antiques
Antiques can be uncomfortable for a novice investor. In it it is necessary to understand. It takes years to develop competence. This is a separate occupation. Again, internal heterogeneity and a huge variety of antiques can affect liquidity. In regions and small towns this direction may be undeveloped (and most likely not developed). The practical importance of black metal is much higher than that of antiques. I think that in a crisis this is manifested more strongly.
 So, I briefly outlined the prospects for investing in ferrous metal. We can say that this is one of the ideal instruments that hedge the risks of crypto currency. But does black metal have drawbacks? Unfortunately - yes, more precisely, I would say, features. More precisely, I see only one feature - a disadvantage. For a resident of a city, especially a large one, owning an asset such as ferrous metal may not be very convenient). All the same, you need a garage, or some kind of storage space on the property rights or opportunities for free access. Friends, that's all. Write how you wait for the bearish long-term markets)





For me if you want to save money you need to invest here on bitcoin to save money. While you are working in your campaign you can save money because you invest here on bitcoin. Also you need to deposit your money to bank to save money.

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