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Author Topic: If you have $20k then where you want use it?  (Read 717 times)
Magd solieman
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August 21, 2020, 04:02:56 PM
 #21

If I get this amount, I will use it in several ways, such as investing some, trading some, storing some, and opening a small project in real life that will enable me to make good profits.
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August 22, 2020, 05:06:33 AM
Last edit: September 09, 2020, 05:41:37 AM by Jonyshake71
 #22

If i really have $20k, then I would like to investment all of money on Real Life Business. Cryptocurrency lovers may dislike my thought but i know better about my situation and i know which decision would be best for meh

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August 22, 2020, 01:52:07 PM
 #23

If I had k 20k I would use it in different places would not confine myself to one place. I used both online and offline we would hold on for some investment and save for daily needs and future outside of investment. Then we would stay to invest in crypto and save in banks outside of crypto. It will not be lost or stolen and the price will not go down banks are confined to one place as they are under the control of the central government.
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August 26, 2020, 07:16:21 AM
 #24

I like "Real Life Business", I will open a food store because food is always consumed by everyone.
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August 26, 2020, 04:00:35 PM
 #25

I would have divided it into 2 parts , with 10k , I would bought Ethereum and joined to legit IEOs , with 10k I would bought usdt and lend it through binance lending , get around 8% apr
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August 26, 2020, 04:15:29 PM
 #26

I like "Real Life Business", I will open a food store because food is always consumed by everyone.
Most rich people have real-life businesses and that's made their wealth.

The food store is always reliable but it's not just because you have a food store, you'll earn from it. You need to consider the location and other factors to make this kind of business successful although you are right, it is a necessity.

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August 26, 2020, 04:26:41 PM
 #27

I like "Real Life Business", I will open a food store because food is always consumed by everyone.

I would like to a open a real life business too myself. But not sure if 20k would be really enough. I have been saving for a long time, most of it in either stocks or crypto. I think diversification is the key here. Not sure if I should be switching some of the money into commodities or maybe a real estate fund. Both area where on the rise strongly on the last month but should hold their value if the crisis continues.

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August 27, 2020, 07:06:42 PM
 #28

I would keep 10k of that as bitcoin and split the other 10k into 10 shit coin, with potential like $Bot
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September 03, 2020, 08:41:41 AM
Last edit: September 03, 2020, 10:37:11 AM by proscratcher
 #29

In fact, it is an idea that will be discussed by many. what do you think about it Huh and which is your choice in below.

For crypto investment It is actually very risky to simply put your money in the hands of another stranger. So they can steal your capital at any time if they want. Also if you are not proficient in crypto you will not be able to makes profits.

Bank investment: you are more secure here and no one can move or steal your money. However, as far as I know the amount of your profit from the bank will be less.

Real Life Business: In real life you can do business like you can Open a Foods store orr Others.

Crypto investment is the real deal if you understand crypto very well. Though crypto is more like a currency than investment.

Real life investment will be my second option.
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September 04, 2020, 07:16:59 AM
 #30

20k$ is not a lot these days, if I ever have, I would invest it in a good pc, not the high end but can go through shit. The price of parts in my country is relatively cheap so it will be alright, better to invest on skills first then invest in passive income.

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September 04, 2020, 08:35:25 PM
 #31

I would like first to buy somethings that can bring me money more. Not online business , but real life business. Like opening restaurant or selling clothes. Because, it is too risky to invest such amount in crypto , it will be like gambling and you can lost your money.
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September 05, 2020, 06:11:45 AM
 #32

I would like first to buy somethings that can bring me money more. Not online business , but real life business. Like opening restaurant or selling clothes. Because, it is too risky to invest such amount in crypto , it will be like gambling and you can lost your money.
Investing isn't just risky in investing in crypto.

The things that you have mentioned such as those businesses that you want to open are also risky. There's no guaranteed in business and investments.

But for us who have made well in crypto, we can always say that it's profitable.

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September 05, 2020, 04:12:40 PM
 #33

I will almost spend half of it on my shopping and remaining on eating food that I craved for so long  Roll Eyes
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September 08, 2020, 11:29:35 AM
 #34

I'd save half of it, and then invest $4k on crypto or stock, the rest i'm gonna spend on new stuff.
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September 09, 2020, 11:27:06 AM
 #35

I want to use it on different things.. First of all i will spend my half of on ma parents. I bought new car for them. I will buy hujj tickets for them. I will buy new clothes, shoes and much more for them. After that i will spend my remaining money on my siblings. I will trying to fulfill their wants, wishes and desire. After that i will shoping for myself and went to dubai tour
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September 12, 2020, 07:03:04 AM
 #36

If I had such a big sum of money, I would repay all my debts first (I borrowed money from my friends and had to get cash advance online as I lost my job). Then I would go on vacation with my family. Maybe I'd spend some money on home renovation.
I forgot about this because I don't have debt to anyone.

But it's a good decision to do this first so that you can breathe well with your expenses. Most of the financial literacy teachers that I've heard, they're all telling this.

Paying off debts will allow you to move further so you won't be thinking of any burden that you have missed just like debt.

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September 13, 2020, 11:35:33 AM
 #37

If ever I will be having $20k, I will be using it to either buy a house and lot for myself or I will be using to start a new business and hoping to have a profit from it. I will surely be also put some money to my savings account, so if ever anything happens, I still have money that can be withdrawn and be used in the future. If I will have a profit from the business I'll be doing, I might as well invest it in crypto to have a larger profit.

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September 29, 2020, 06:50:56 AM
 #38

I would like to invest 70% For crypto investment, specially on btc and eth both because nowadays crypto market is raising up. So it would be better decide for earn money by investing on cryptocurrency and other 30% would like to invest for Real Life Business, because Real life business will have given me support me as well as confidence, if i loss in crypto

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Naida_BR
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September 29, 2020, 07:06:27 AM
 #39

If I get this amount, I will use it in several ways, such as investing some, trading some, storing some, and opening a small project in real life that will enable me to make good profits.

Everyone is saying the same.
Have you ever considered what would be the best project to start and how you define it?
I am sure that most of us do not know.
If you knew you would do it from the beginning, without waiting for the money to come.. Storing is the safest path to take with 20k until you find a way to invest them.
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September 29, 2020, 08:18:31 AM
 #40

That amount is equivalent to Million in my Country so that is a Big amount.

- Will invest in Crypto half of it majority is Bitcoin and Ethereum.

- Will Invest in Real life business such as food,or i will add as capital in our online  business.

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