2022 Savings and investment plan

[browsiek]

I think saving and investing are different elements saving is saving money and investing is investing money.
I suggest if your income is still small, save first and then you can invest in peace, and if your income is sufficient to invest, I think you can just invest without saving first.

[1715475653]

1715475653

[michellee]

I think saving and investing are different elements saving is saving money and investing is investing money.
I suggest if your income is still small, save first and then you can invest in peace, and if your income is sufficient to invest, I think you can just invest without saving first.

It is different but it is related. When you invest in anything besides crypto, you should use free money that you do not use to fill your daily needs or urgent things so you will not be too sad if the money is reduced or lost in the future. It is better to start with a small amount while we still learn to know what benefits we can take in some time. After that, we can decide to add more money for the investment but not borrow money just to invest because that will be too dangerous for you if you do not know how to manage it.

[Strongkored]

I think saving and investing are different elements saving is saving money and investing is investing money.
I suggest if your income is still small, save first and then you can invest in peace, and if your income is sufficient to invest, I think you can just invest without saving first.

It's almost the same just investing more to save something in a different form instead of money, you will never be able to start investing if you wait for a large income, it would be better to start with a small value and if possible evaluate all expenses if possible you can reduce it and add a larger portion to the investment.
Although you have regularly invested but do not forget to save because if you still have savings it will be better for urgent things than having to change your investment to fiat.

[kapalmabur]

I think saving and investing are different elements saving is saving money and investing is investing money.
I suggest if your income is still small, save first and then you can invest in peace, and if your income is sufficient to invest, I think you can just invest without saving first.

It is different but it is related. When you invest in anything besides crypto, you should use free money that you do not use to fill your daily needs or urgent things so you will not be too sad if the money is reduced or lost in the future. It is better to start with a small amount while we still learn to know what benefits we can take in some time. After that, we can decide to add more money for the investment but not borrow money just to invest because that will be too dangerous for you if you do not know how to manage it.

Yes it is usually known as cold money and that way when deciding to invest we are not too worried about losing money,
that's right, it's better that way, especially for newbies, they have to learn a lot and do it gradually

[AicecreaME]

The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

Savings and investment plans are nice things to start this year. Financial literacy should be something to be taught first at home and then in school so that people would be more knowledgeable on how to handle money and how to make decisions that could either make or break them. I agree with you that the past year has taught us so many lessons because I, myself, also experienced hardships last year. I have my fair shares of ups and downs and I have experiences in which I must say a lesson learned well and charge to experience. Because there were also several times in which I acted impulsively resulting in an uncalculated outcome that just brought me regrets. Although, I know I have learned something from it and that's what is more important so that I won't be able to commit the same mistakes again in the future.

Indeed, knowing how much funds you have and properly allocating the budget you have is a good thing to do so that you won't be short in funds in something you are planning to start. Make a list and write down the things you want to start this year. Check what's your priority and then allocate a budget for each of them. Make sure also to have multiple streams of income so that you won't be having a hard time making an in-flow of money. That way, you will have different sources of fundings and you won't be so down if ever one fails to generate for the meantime because you have backups. You see, diversification is a very smart move to do. It would be a little difficult and challenging at first, but it would definitely pay off. Of course, still, do a thorough checking on the things you are planning to diversify your funds with because there are still so many scams and schemes nowadays and it's always better to be safe than sorry.

[Silberman]

I think saving and investing are different elements saving is saving money and investing is investing money.
I suggest if your income is still small, save first and then you can invest in peace, and if your income is sufficient to invest, I think you can just invest without saving first.

It is different but it is related. When you invest in anything besides crypto, you should use free money that you do not use to fill your daily needs or urgent things so you will not be too sad if the money is reduced or lost in the future. It is better to start with a small amount while we still learn to know what benefits we can take in some time. After that, we can decide to add more money for the investment but not borrow money just to invest because that will be too dangerous for you if you do not know how to manage it.

Exactly, saving and investing are related, if you do not have any money saved then it is impossible for you to invest, this explains why so few people around the world are investing, because there is not a culture of saving in most countries and most people spend every single dollar they earn, now there are some people that have a justification for this as they earn too little money for them to actually save any money, but the middle class spends all their money on small luxuries instead of keeping some for a rainy day and then invest that money in something like bitcoin.

[istiak2277]

Everything should have a plan.I have already some plan for this year.I want to Invest in Long time holding and trading. My plan goes to I'm buying some valuable coin and long time hold and. I think every investor or trader should need to patience and control yourself.I learned already from my mistake in 2021, i hope i will Victory this year.

I Think first You need to made right choice and i hope you will get benefit from your holding coin and trading business.

Sounds a solid plan, but I'm just wondering why did you just emphasize the mistake in 2021? I mean you're here long enough before the pump in 2017 which really caused a lot of investors to regret. Haven't you learned a lesson from there?
You should have made good decisions in 2018 and buy more Btc or alts that has potential to grow from there.

It's just Ironic that you're here for quite a long time yet you haven't decided to make any investment plan but just now.

it is never to late. It may take you years to convince yourself that there is something else than holding your cash and see it victim of the inflation year after year or buy a negative interest rate bond from the EU or go into fixed deposits that pay less than the (REAL) inflation out there. It is never to late to get into a savings plan, yet probably investing into crypto is not exactly a savings plan, but more of an speculative investment for the future.

An ideal investment plan to stay away from inflation. Its like holding gold for a long time which value most of the time increases. The key difference is crypto has more growth rate than gold and it has a limited supply when gold has an unlimited supply which is increasing. It is time to make more social awareness so that only some of us not getting benefited but also most of our community too.

[jaberwock]

The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it.

Your plan sounds too good at the same time I have seen many people at the times of new-year do have this kind of plans but later-on they do forget about it completely. I mean you should not quench your fire on investment but you should keep on feeding it. At the same time, you first consider bitcoin because it is a proven opportunity for this digital era.

Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

Along with bitcoin you may not need to go for diversifying your portfolio; still it is your personal preferences but as for many people here we do not need to diversify within crypto investments.

[Mahanton]

Everything should have a plan.I have already some plan for this year.I want to Invest in Long time holding and trading. My plan goes to I'm buying some valuable coin and long time hold and. I think every investor or trader should need to patience and control yourself.I learned already from my mistake in 2021, i hope i will Victory this year.

I Think first You need to made right choice and i hope you will get benefit from your holding coin and trading business.

Sounds a solid plan, but I'm just wondering why did you just emphasize the mistake in 2021? I mean you're here long enough before the pump in 2017 which really caused a lot of investors to regret. Haven't you learned a lesson from there?
You should have made good decisions in 2018 and buy more Btc or alts that has potential to grow from there.

It's just Ironic that you're here for quite a long time yet you haven't decided to make any investment plan but just now.

Maybe he had just only realized his mistakes just for this year and not to those previous years on where price declines is more severe than with this current market that we are taking on.Come to think that not all people would really be having the same mindset when it comes to things which they would really be hesitating on correcting their past mistakes but instead they would really be on observation but its better late than never.
Savings and Investment plan is a must and mistakes is one of the best teacher on improving out yourself on dealing with these things because if not then you would really be finding a big problem.

[ultrloa]

I think saving and investing are different elements saving is saving money and investing is investing money.
I suggest if your income is still small, save first and then you can invest in peace, and if your income is sufficient to invest, I think you can just invest without saving first.

It is different but it is related. When you invest in anything besides crypto, you should use free money that you do not use to fill your daily needs or urgent things so you will not be too sad if the money is reduced or lost in the future. It is better to start with a small amount while we still learn to know what benefits we can take in some time. After that, we can decide to add more money for the investment but not borrow money just to invest because that will be too dangerous for you if you do not know how to manage it.

Yes it is usually known as cold money and that way when deciding to invest we are not too worried about losing money,
that's right, it's better that way, especially for newbies, they have to learn a lot and do it gradually

There are newbies who spend their life savings thinking that they can earn more fortune if they win on what they do but end up being broke when they are scam or the token they buy got dump, we can read stories like this from time to time that's why its really ideal to only use the spare money we have and make it grow since if we use all money we have then chances that its hard for up.to get up when we get down by certain circumstances.

[michellee]

Exactly, saving and investing are related, if you do not have any money saved then it is impossible for you to invest, this explains why so few people around the world are investing, because there is not a culture of saving in most countries and most people spend every single dollar they earn, now there are some people that have a justification for this as they earn too little money for them to actually save any money, but the middle class spends all their money on small luxuries instead of keeping some for a rainy day and then invest that money in something like bitcoin.

Yes, you are right about people who said that they earn too little money to save money. Maybe it is because a habit that has already been done for many years makes them unable to save money for their future. I watched a television channel where someone can buy a house with the coins he saved for almost 25 years. He saved a dime by dime, day by day and he did that for more than 20 years because he wanted to give a house to his family. It is a touching story when his family knows that finally, they have their own home.

From that story, we learn about how we can manage our dream and try to reach it in the future. That person was making savings and investments at the same time. So we could use that for crypto as we are trying to get something in the future that we believe will help us have a better life.

[Anonylz]

I didn't do much with my assets at the end of 2021 as I still have all on holding (but in different staking platforms) I didn't feel the need to cash out so I just hold a big part in stablecoins (currently staking for 19.5% apy) and also doing the same to my alts, so far I found it profitable to stake and earn passive income rather than just hold and wait while market recover,  I intend to continue with the same path in 2022, i don't
have the time to engage in trading hence staking is a much better option for me atm, are some good alts with good apy out there that people can take advantage of, in q2,q3 the market may have recover and your accumulated assets would have appreciated even more.

[btc_angela]

I didn't do much with my assets at the end of 2021 as I still have all on holding (but in different staking platforms) I didn't feel the need to cash out so I just hold a big part in stablecoins (currently staking for 19.5% apy) and also doing the same to my alts, so far I found it profitable to stake and earn passive income rather than just hold and wait while market recover,  I intend to continue with the same path in 2022, i don't
have the time to engage in trading hence staking is a much better option for me atm, are some good alts with good apy out there that people can take advantage of, in q2,q3 the market may have recover and your accumulated assets would have appreciated even more.

Ok good for you and good advise for others who don't have the experience yet in staking. And that is a good return at 19.5% APY and I think that is one of the highest APY that I've heard, although in the beginning of the hype there are a lot of them offering bigger but then again they have to reduce.

As for me I will continue to accumulate as much bitcoin as I can in 2022. I have cash out some in 2021 and now time to get back and fill my wallet again and that is my plan for this year.

[tygeade]

I think saving and investing are different elements saving is saving money and investing is investing money.
I suggest if your income is still small, save first and then you can invest in peace, and if your income is sufficient to invest, I think you can just invest without saving first.

Yes, what you have said is correct, because investment can be risky at the start. So, it wouldn’t be bad to just start with savings, and as time goes on and you believe you have made sufficient income, you can then start your investment. But then we shouldn’t forget that investment is really important, because what you are going to gain from investing your money, you would hardly gain that from saving your money in a bank account.

Money that you save in a bank account doesn’t really generate much income in return, but when you invest your money you’re standing a chance of making huge return on the investment. It’s just like investing in crypto, you might be lucky and the price would go higher than you even expected, and you will make huge profit. The profit you can make from Bitcoin is more than what you can make from any other kind of investment, because you can even make like a thousand percent in a cryptocurrency investment.

[RealMalatesta]

I didn't do much with my assets at the end of 2021 as I still have all on holding (but in different staking platforms) I didn't feel the need to cash out so I just hold a big part in stablecoins (currently staking for 19.5% apy) and also doing the same to my alts, so far I found it profitable to stake and earn passive income rather than just hold and wait while market recover,  I intend to continue with the same path in 2022, i don't
have the time to engage in trading hence staking is a much better option for me atm, are some good alts with good apy out there that people can take advantage of, in q2,q3 the market may have recover and your accumulated assets would have appreciated even more.

I would say if you have something that you can make passive income AND have the value of it go up, that's even better. This is why I personally do not like stablecoins, I get the staking part though, I had cake for a long time now, made a great profit from the price going up, got in way earlier, the passive income is also nice, made more profit from the price going up obviously but the staking profit wasn't bad neither.

So, I am focusing on increasing more and more and diversify my passive income part of my portfolio. It has been a while since I made an investment recently, but that has been something that I haven't done in a long time so I am feeling like it's fine. So, there is absolutely nothing wrong with the current setup you have, and I am trying to do the same, except only the stablecoin part but that is a personal preference thing and shouldn't matter too much.

[Oilacris]

I didn't do much with my assets at the end of 2021 as I still have all on holding (but in different staking platforms) I didn't feel the need to cash out so I just hold a big part in stablecoins (currently staking for 19.5% apy) and also doing the same to my alts, so far I found it profitable to stake and earn passive income rather than just hold and wait while market recover,  I intend to continue with the same path in 2022, i don't
have the time to engage in trading hence staking is a much better option for me atm, are some good alts with good apy out there that people can take advantage of, in q2,q3 the market may have recover and your accumulated assets would have appreciated even more.

Ok good for you and good advise for others who don't have the experience yet in staking. And that is a good return at 19.5% APY and I think that is one of the highest APY that I've heard, although in the beginning of the hype there are a lot of them offering bigger but then again they have to reduce.

As for me I will continue to accumulate as much bitcoin as I can in 2022. I have cash out some in 2021 and now time to get back and fill my wallet again and that is my plan for this year.

Staking is also a good option but if only you could bare the risks but if not then you would definitely be having problems of stress and minding off always that 3rd parties couldnt really be trusted anytime.

Good % APY for year doesnt indicate that you could really get it precisely after a year yet we know that the more people staked the more lower the rewards or interest would be and thats the fact
about staking.

Speaking of savings and investment plans then saving up in your wallet alone would be enough and let volatility would do the rest.

[Maslate]

Speaking of savings and investment plans then saving up in your wallet alone would be enough and let volatility would do the rest.

Don't worry about volatility if you are saving as it would only make you panic, almost every day the price is moving, you can't ignore that if you are so sensitive to price volatility. You'll only be affected by volatility if you are doing short-term trading as it's very crucial to understand the price movement so you'll do the right decision at the right timing.

[savetheFORUM]

The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

2021 wasn’t a bad year for me.it was really good and I was able to achieve a lot in it. I think that the mistake that most people do make is that they are always trying to gain everything; they don’t even think of the right time that they are meant to take a particular action, all their mind is just focused on trying to gain as much as possible.

It is always good, and the best for us, to be taking our steps slowly and not try to rush everything that we are doing.We can always start taking small profit whenever you feel it is right. And you should also have a target that you are trying to reach, if not, you would be like a soldier on a mission with no plan at all.

[browsiek]

Let's plan, let's save, let's invest. The fault of people is that their consumptive spirit doesn't adjust their income from there, it shows that consumptive people are unable to save and invest because they can't control their finances.

[beezee]

is it good to invest in all crypto or bitcoin?? I still watch out for everything.