How to save money on a long-term period

[haidangtp]

I think that if you want to save money you must first have a stable income. When the money you make is greater than the minimum spend, then you are beginning to think about saving it.

[KKH84]

If you have a business that is already running better, invest in property because basically the value of property will increase every year, if you do not have a business that runs better to start your business and develop it so that your business will progress.

[Diego Maradona]

How to save money for a long period of time can only be an investment. However, investment must have the right plan and method.

[2girls]

gold is still the best asset at this time with passive value growth. I allocate less than half of my savings for living needs, the rest I set for the purchase of increasingly scarce assets, including gold, land and housing. Because I am also still active as a trader, crypto active asset allocation is also quite large, I still have to balance between savings, active stock and assets as much as possible because everything is very potential in accordance with existing needs.

Gold is good but i think we should save money in bitcoin. Bitcoin has still got a lot of potential and i clearly see it will hit its all time high of 20K again. So if we hold it now, this will mean 3x profit in the near future.

[francedeni]

If you have a business that is already running better, invest in property because basically the value of property will increase every year, if you do not have a business that runs better to start your business and develop it so that your business will progress.

Investing on the money on what we have is a better choice. In order for us to earn money for a long term period is to invest but we have to choose the best. That is right, investing in property is one of a good choice to comsider as this will also cater to save money.

[Silberman]

Like most things in life there is not really a mystery about how to save money in the short or long term, what people lack is the discipline to do it, they see all that money they have saved doing nothing for them and then they imagine all the stuff they could buy with it, and if you add that the current generations do not seem to have any patience then it is not really surprising why no one saves anymore.

Yes, only few of them really save their profit. most of them want to spend it buying all the things they want. For me, maybe thinking or more ways how to save it can help us.

Most people have very short term vision, they only look at the near future like what they are going to do in the next day or week, this is why when you are in school teachers are encouraged to ask their students how they see their lives in the next 5 or 10 years to make their students focus not only in the reality they see in front of them but in the future they want to forge for themselves.

[perfect999]

banks are the best place at the moment, at least fiat still tends to be stable and reliable for passif assets. But I prefer to divide it into assets and allocations are broken down again for passive assets like gold and active assets in crypto trading.

My assumption is that you should not feel comfortable with the same situation because fluctuations continue to grow, if you experience the worst possibility there is nothing more to be proud of because you only save without thinking about business aspects.

I don't trust banks for long term investments, yes it is safe however your money will be sleeping, it's better to build your own business and manage it well at least it is for long term

If we keep our money in the banks, our asset value decrease because inflation. Its safe keeping our money in banks but the value decreased and the interest is too low compare with other investment. Its true, rather than keeping our money in the banks, better building our own bussiness or we investing it on others investment instrument like property, gold or stocks or cryptocurrency

We have to realize that money is not easy to find, we must learn to value and respect our earnings. Avoid wasting your money and avoid impulsiveness. Set priorities and plan ahead of saving goals. Other ways of saving money on a long-term period is to invest and build own business, but don't be too quick to decide, it needs proper planning and preparation. It's also very important that we know what we are dealing with, make it a habit to think long-term, and value the essence of self-discipline.

There are different mindsets of saving. Some prefer to make long run and they are interested not to touch that reserve again for so long time. Some prefer for a long run investment too but they usually continue making changes in that investment card. They utilize it for different schemes. Hence things are there for you and it is your strategy that will define how you will behave to different scenarios.

[kaventt5]

Your idea is very interesting. The best way to save money is to invest in valuable things that won’t be depreciated in time. And during the long bearish crypto market, such investments and passive income may close the gaps in your funds. I think keeping fiats is the riskiest way because inflation can reach even USD. If the market remains the same till the end of the year, your idea can become popular. 

[Harlod Benjamin]

For long term period, why don't you choose  cryptocurrency to invest. You can do some research about crypto world and invest in it. I think cryptocurrency has great potential to develop in the future. Good luck to you.

[plptplp]

I can save my money if we have a good job. Saving money is important because it affects our lives in the future. It also needs to be strategic if it is not very difficult to save. I spend 10% of my salary to save and invest.

[Tervelatuk]

If you have a business that is already running better, invest in property because basically the value of property will increase every year, if you do not have a business that runs better to start your business and develop it so that your business will progress.

Investing on the money on what we have is a better choice. In order for us to earn money for a long term period is to invest but we have to choose the best. That is right, investing in property is one of a good choice to comsider as this will also cater to save money.

property and real eastate investment more secure from loss.or even no risk in this investment.year by year its price growth more 20 percent.and become more expensive when available land limited.

[sirohige]

there are many ways to secure the money you have for the long term, one of which you can save in cryptocurrency or bitcoin, you can save in the form of bitcoin and the money you have will be safe and can grow because the price of bitcoin always experiences price increases and can provide profit for you.

[Hustinog]

If you want to save money for a long term period. Do invest and hold for a long time. That will makes sense if you really want a long term period. You can avoid too much investment on a short term, I preferred a long term investment too. As time goes by, your money earn. You just have to set aside the process and it will ensure your life soon in the time you needed it the most.

[ellehcar]

Investing is good; saving is good. These are two different entities, but are both good. Choosing one over the other shows lack of good sense at all. And yeah, you're right. You shouldn't put all your eggs in one basket, especially if you are just making both ends meet always. If you can make your one hand work for 24 hours and your other hand work for 48 hours, then do it. What I mean is you can earn by working and at the same time, you can also earn by making you money work for you also by investing on which is in-demand nowadays. If the market is bearish, then go and find other things to do or to invest in. Just make sure it's of essential value and is worth it.

[wingsthegreat21]

For me investments are the best form of strategy saving but need to pick the appropriate type of investing field for your needs and wrong one will get you to lose everything in no time and for the people who wants to save their profit. The crypto currency is also best investment but comes with risk too so just understand what is crypto before investing can keep you away from serious loss and prevent any further damage in investing.

[iMark]

If u want save your cash value - better to buy "things" - like cars, gold, houses, - things which will never loose its value and always people will need them     Only things that have real value will have that value in the future

Very agree, because if you save your money in the bank, I'm afraid the value of your money will decline due to the inflation factor owned by the fiat currency. if you want to keep the value of your money, then save it to commodities that have stable rates like gold, real estate, but I don't think the car has a stable value.

[$anounimus$]

save money with a very long period of time maybe you can use a local bank that has very high trust or also maybe you can invest and put the money you have in cryptocurrency, many choices to save money and that depends on your choice.

[Watashi Yamashita]

For you to save money in a long period of time, better to invest your money on some banks so that you can assure that your money can grow as well you can save money because you invest it. You can also invest on some projects or icos here in crypto so that you can save money and earn as well.

[Sadlife]

Saving money is pretty simple you just need to create a bank account to store all your assets but the question is does that satisfy you ? or do you want to make profit while holding your money ? The answer is to invest in trading and start trading into crypto currencies where the volatility can make you fortunes.

[jrrsparkles]

save money with a very long period of time maybe you can use a local bank that has very high trust or also maybe you can invest and put the money you have in cryptocurrency, many choices to save money and that depends on your choice.

Saving money in a bank account is not actually a saving because your money gradually gets depleted over time and the rate of interest given by the banks are much less than the value of money got depleted so investing is the best way to save money but most of the investment don't have any guaranteed return that is why people look for banks only so if someone really want to save hard earned money research deep and invest on something which has growth.