The first rule of investing is saving

[Kusman]

Yeah, the saving part is the most important thing before even thinking about making an investment into a cryptocurrency. I think that one shouldn't invest their some amount of salary right after they get it. Rather than that, saving money for some time is always better. After that, you can invest maybe not all but some amount of your savings into a cryptocurrency for a long term. It is really like sacrificing it for some time (maybe a year or more than that etc.).

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[Oilacris]

I'm very interested in the topic you created to remind us to continue investing in the future. What is clear for myself before I invest I settle all my bills. After all is done I will invest 20% every result of my hard work.

Re-rolling some part of your profits and some of it would really be put up in savings and this is the thing what ive been doing when i do step my foot into this market.

Learn to save because it isnt really just for emergency purposes in real life but also could act as a back up fund incase you do see some opportunities for you to invest on or trying to make

out some recovery when you are in a hard situation.There are lots of things on where savings could help a certain individual not only limited to investment but also in real life situations.

[hichamito37]

This doesn't apply to other people in different countries though especially for people like me who is from a third-world country which was taught no concept about financial health, everything I knew about finances are all self-taught and discussed with my peers. I think saving is difficult for me because the money from work is just enough to survive alone but not with a family, investing is much more difficult because no one taught us to invest in my country.

You can learn to invest with a small amount of savings each month , Just know all your monthly living expenses and try to save soon you will have an investment for yourself, learn how Saving is the only way that will help you to have future investments and savings for yourself , Learn how to be a smart saver and spend properly.

Saving is the hardest part of our life, especially when we just only get enough for our necessities. I couldn't say that they don't have a better future but something they miss the best opportunity of their life.

Maybe we are so thankful that we have been given a chance to invest in crypto as not all have the capabilities to do this. If I would like to save, I certainly have to invest this rather than keeping on my wallet or deposited it in the bank. It doesn't matter if I don't have real money in my pocket but al least I have some investment that could save me and give me profit in the future.

Because for me, Invest now, save later.

"Invest now, save later."
Yes you are a rich person and have an opinion on your investment but i think you are saying invest now if you are a rich person or have a lot of money in life you have have a long-term savings account. time , In general all you have to do is save first , Unless you are a rich person you already have money and just need to invest today, who is average or poor? . They must learn to save before they can invest.

[Rajamuda]

This can be one of the motivations to manage our financial side to be better and smarter in managing finances to get a bright future. Saving is of course still one of the most important things before investing, to meet the necessities of life that cannot be denied, it is different from investment, of course, we must focus on long-term targets without cutting it in a middle way due to necessities life that must be met.

[Zanab247]

I agree with you, after saying you need a facilitator who will help you to make the savings to bring more development to your business. Time is also rule of investment.If you want to go far in investment, you need to listen to your time to achieve your goals.
Those people that are doing well in this season, are those people that understand how to carry out personal research before investing in a particular project.

[lienfaye]

I'm very interested in the topic you created to remind us to continue investing in the future. What is clear for myself before I invest I settle all my bills. After all is done I will invest 20% every result of my hard work.

Its right to pay the bills first before anything else because thats our responsibility. I do the same way too, I manage my finances well and allocate a portion for savings and investment. The money I spent for investment is something that I can live without if it didnt succeed (but of course im not hoping for that scenario to happen).

There's no need to force ourselves to invest if we really cant afford it, save first then invest. If you already earn with your investment thats the time to take profit to have additional savings. Its a must to have plan to execute a good result.

[ILuckyGuyI]

I agree that the first rule is saving money before making an investment into a cryptocurrency for example. There are people who can't control themselves and invest an important portion of their salary into a cryptocurrency also. This is so wrong. You should invest only the amount that you can afford if you lose it. It is better to save money first and then think about such investment.

[jakdanyel]

One should save some amount of money first before even thinking about an investment. I don't think that it is healthy to invest some amount of your salary directly into a coin unless you are earning a lot of money. Firstly, you should save money and make a plan about how much of your saving you are thinking of investing into. And I don't recommend you to invest all of it. It is very risky and not logical as you will need fiat money to buy your needs.

[tyz]

I'm very interested in the topic you created to remind us to continue investing in the future. What is clear for myself before I invest I settle all my bills. After all is done I will invest 20% every result of my hard work.

The savings rate of an individual for investment depends on the fluctuations of income and expenditure of the people, so people make less decisions by rushing on the facilities available in a particular sector. If one can make a habit of saving one fourth of one's income 20-25 per cent of one's income regularly then one does not have to fall into poverty in later life.

Well, I wouldn't say that and it also depends on where you live. In the U.S., for example, certain strokes of fate can quickly cost hundreds of thousands of dollars. And then even a small saved-up fortune can quickly be gone. For example, if you fall ill with a serious illness that requires very expensive medication and your health insurance only covers part of it. This is not as rare as you might think. Or you are involved in a traffic accident in which the court assigns you a (partial) guilt, then you can quickly have to pay millions in damages.

[abhiseshakana]

One should save some amount of money first before even thinking about an investment. I don't think that it is healthy to invest some amount of your salary directly into a coin unless you are earning a lot of money. Firstly, you should save money and make a plan about how much of your saving you are thinking of investing into. And I don't recommend you to invest all of it. It is very risky and not logical as you will need fiat money to buy your needs.

We can divide our salary into three parts. For daily life, for sharing and for investment (working capital). Sometimes people saving their money not for investment but for consumption. One of the steps before investing is to have a quadrant which divided what we need and what we want. By suppressing consumptive and wasteful nature, there is an additional budget for investment. With frugality we can get extra savings, with extra savings we avoid going into debt, which means ready money for investing in productive sector.

[Spack17]

This is my way of making investments into cryptocurrencies in fact. I don't prefer making an investment with a certain amount of my salary right away. I choose to save an amount of money that I set as a goal before deciding to make an investment. Because it is very important to me that I should invest an amount which I'm able to afford even if I lose it all. I don't want to regret that I made an investment.

[SquallLeonhart]

Its right to pay the bills first before anything else because thats our responsibility. I do the same way too, I manage my finances well and allocate a portion for savings and investment. The money I spent for investment is something that I can live without if it didnt succeed (but of course im not hoping for that scenario to happen).

There's no need to force ourselves to invest if we really cant afford it, save first then invest. If you already earn with your investment thats the time to take profit to have additional savings. Its a must to have plan to execute a good result.

Honestly what is the other option? Invest a lot and not pay the bills? Eventually you will not have water running in your house, your phone will not work, your internet will go out, you will basically be out without any possibility of redeeming anything and making any money. So, paying the bills of course makes sense.

What I do is wait until the last day of the month and whatever I have left goes to investment, this means I do not really force myself too much but at the same time I am making a bit of return as well, not a bad situation at all and I am sure that I could save more if I forced myself but I am doing fine for myself and I do not want to really want the stress of putting more and more these days, I just want to be happy, I can pay for being stress free right now let alone put money aside.

[Natalim]

This is my way of making investments into cryptocurrencies in fact. I don't prefer making an investment with a certain amount of my salary right away. I choose to save an amount of money that I set as a goal before deciding to make an investment. Because it is very important to me that I should invest an amount which I'm able to afford even if I lose it all. I don't want to regret that I made an investment.

Probably that's what most of us really want. I don't see myself investing with an amount that is intended for my bills because it will only make my life more complicated. I just want a safe sailing investment wherein when things don't go as planned, then it will never cause me any regret because i only invest on my spare money.

And as much as possible, once we make profits from our investment, then have some of your profits put in your savings and the rest roll it for your another investment. Its more convenient to invest when there are no interruptions and just focus on it.

[Silberman]

Yeah, the saving part is the most important thing before even thinking about making an investment into a cryptocurrency. I think that one shouldn't invest their some amount of salary right after they get it. Rather than that, saving money for some time is always better. After that, you can invest maybe not all but some amount of your savings into a cryptocurrency for a long term. It is really like sacrificing it for some time (maybe a year or more than that etc.).

Just make sure to remember that investing can not only be done with your money but it can also be done with your time, too many people today choose to do stuff that does not bring them any benefit to them and are basically wasting their time by doing so, if you can invest the majority of your time in activities that develop you as an individual then sooner or later you will have success in other aspects of your life, and not only in the financial aspect but in many other aspects that are as important.

[ninis45]

investing and saving is a plan for future finances to become more established and easier....
but basically all of this must be done with established management because most people are reluctant to save and prefer to invest so that the money can always work for themselves.

[KennyR]

investing and saving is a plan for future finances to become more established and easier....
but basically all of this must be done with established management because most people are reluctant to save and prefer to invest so that the money can always work for themselves.

Savings assure the benefits, but the growth is limited. It is always good to save and then invest a part of the savings. This will reduce the risk and if there is good growth out of the investment, just keep on increasing the investment value. This will give more benefits than just saving. Most of the middle class turn to be upper middle class only through the process of saving and the investing it.

[Ahli38]

my concept is to set aside my money that is not needed to be used in the near future by way of savings in the form of investment. So my savings are like installments of buying a potential coin and forgetting about it. which means I've been saving and investing at the same time isn't it. and of course the coins you buy are fundamentally strong.
So all this time I almost equated savings with investment. maybe i'm wrong. but I'm more comfortable like this. I don't like saving my money in the bank. because every month it's even reduced by cutting admin fees atm and others.

[Sir Legend]

Agree with the concept that with investment money will work for us, if we only rely on active income then we can be sure we will be poor, this is because inflation is always increasing, and there are many unexpected things in life, for example getting sick that makes us unable can get active income.

[Zanab247]

investing and saving is a plan for future finances to become more established and easier....
but basically all of this must be done with established management because most people are reluctant to save and prefer to invest so that the money can always work for themselves.

Saving and investing has helped many people to embraced their opportunity from their investment few months ago. Those that saved a huge amount of capital last year November, really used this opportunity to buy more of bitcoin to prepare for a greater future. Now that the price of bitcoin is preparing to hit $50k which will be favourable to those that  saved money to buy bitcoin when the price is low.

[tabas]

Agree with the concept that with investment money will work for us, if we only rely on active income then we can be sure we will be poor, this is because inflation is always increasing, and there are many unexpected things in life, for example getting sick that makes us unable can get active income.

We won't be poor if there's an active income but we're going to struggle meeting ends if we only have a few source of income when some unexpected events come into our lives.
Like those huge bills that has to be paid and you only have your income through employment. But, if you have investments then that will make your obligations easier.