Get, Save & Invest.

[Rruchi man]

Get Money - Save money - Invest money.
Follow the cycle and don't stop half way.

Get Money- Popular opinion is that you need money to get money, any contrary opinion?
Once you have started getting money the next objective should be how to get more.

Save money- To save money is good, another popular opinion to support this is that , the money you save today will save you tomorrow.
The problem however results when you just keep saving money pointlessly without any plans on how what to do with it, The worse of all is saving money in fiat banks, that money will loose value in no time at all.

Invest money- This for me is the last stage in the cycle that creates more money for you to be able to get more money. More money betters ones opportunities.

Follow the cycle, don't stop halfway at saving money.

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[_act_]

The worse of all is saving money in fiat banks, that money will loose value in no time at all.

This is even lose money because fiat will lose value like you said.

Invest money- This for me is the last stage in the cycle that creates more money for you to be able to get more money. More money betters ones opportunities.

Fiat? That is no
Bitcoin? That is yes. But better to study the market, know the history before investing.
Gold? That is yes. It is the save haven.
Business? That is yes

What is most important is to never hold fiat in bank.

[Odusko]

Get Money - Save money - Invest money.
Follow the cycle and don't stop half way.

Get Money- Popular opinion is that you need money to get money, any contrary opinion?
Once you have started getting money the next objective should be how to get more.

Save money- To save money is good, another popular opinion to support this is that , the money you save today will save you tomorrow.
The problem however results when you just keep saving money pointlessly without any plans on how what to do with it, The worse of all is saving money in fiat banks, that money will loose value in no time at all.

Invest money- This for me is the last stage in the cycle that creates more money for you to be able to get more money. More money betters one's opportunity.

Follow the cycle, don't stop halfway at saving money.

In wealth creation, there is no alternative to investment as a way to grow your money, most importantly good and profiting investment instead stock pilling money in your bank account that will yield little to no interest the fastest way to become more wealthy is to invest the money in lucrative ventures and projects that have future guarantee profits. Investment as the last stage of the circle makes the whole sense to attain financial freedom one needs to make a good investment.

[rossjamie]

If I save/invest my money in fiat, I rather use a compound interest deposit which is the best solution. Or if I invest in bitcoin, better I invest x% of my money, deposit it to paper it and forget it to somewhere. I feel compound interest deposit has more "real" usage than when I invest in bitcoin and of course, the value of bitcoin is already high I think so it's hard to get 1000% profit now

[jossiel]

In saving, you're practicing the discipline on how to become responsible with the hard earned money you've got. It's actually a good start if you're not an investor yet you're starting to make sure that your money is well spent.

And being an investor, it is being learnt in the process when you've come to understand that your money sleeping in the bank isn't going to multiply by just being there.

That's how you're going to be open in investing but, don't listen to all people that suggests specific platforms where to invest because as an inexperienced investor, you may fall to scam investments and that's why before investing you need to make your own analysis and research where it's good to invest.

[Fortify]

Get Money - Save money - Invest money.
Follow the cycle and don't stop half way.

Get Money- Popular opinion is that you need money to get money, any contrary opinion?
Once you have started getting money the next objective should be how to get more.

Save money- To save money is good, another popular opinion to support this is that , the money you save today will save you tomorrow.
The problem however results when you just keep saving money pointlessly without any plans on how what to do with it, The worse of all is saving money in fiat banks, that money will loose value in no time at all.

Invest money- This for me is the last stage in the cycle that creates more money for you to be able to get more money. More money betters ones opportunities.

Follow the cycle, don't stop halfway at saving money.

In my experience many people stop at the saving stage of the cycle that you've pointed out. There is a massive lack of education and a (very real) fear of the risk that comes with investing in the next stage. However it's kind of a paradox, because the longer you invest for the more your risk goes down. Like many things in life, consistency is key as if you keep investing the same amount each month you will be able to get through all the peaks and troughs in the market to get the average in the end. That average market return (which should ideally be an all-share accumulating fund) will be better than any savings rate you'll find at a reliable bank and is what everyone should be researching.

[gantez]

Invest money- This for me is the last stage in the cycle that creates more money for you to be able to get more money. More money betters ones opportunities.

This is the most important stage in the life of human. You have to think of how to invest the money you have so that in the future you can fall back to it. This stage deserve more careful not to invest wrongly. Many people have failed in this stage because of wrong decision and investment that didn't bring profit.

[Lanatsa]

What is most important is to never hold fiat in bank.

Impossible thing to be done by most people unless if they would really be holding through cold cash into their own room or vault.Doesnt matter on which way we do able to earn our money but much sure that

people would still end up on storing up their cash or fiat into banks whenever they had accumulated too much.Some might really be considering out on crypto form but for sure security and trust isnt something

that would really be that common for most people specially towards crypto.Into those words above then yes it could be possible but actually its not something that easy to be done by someone.

[goaldigger]

Get Money - Save money - Invest money.
Follow the cycle and don't stop half way.

You can also add the option GIVE, because its really good to help other people as well even if you are not that successful yet, because the more you give the more you can get when good karma hits you.

Anyway, have a budget on this or a plan about the percentage on where to put your money, don’t just save its better if you know how to diversify the money that you get properly. Those who have plans and strategies always succeed on this, plus their endless commitments so they can achieve their success.

[Falconer]

Save while you can, invest while you can, and never push yourself to do both when there is no need. You need food, you need clothes, and you also need fun and that's why you need to meet your needs before saving and investing.

It's true that that way we will have a good hope of making a profit in the long run (depending on what investment assets we have), but we shouldn't do it just for the money because actually we still need to invest for health in the long term.

[abel1337]

The worse of all is saving money in fiat banks, that money will loose value in no time at all.

This is even lose money because fiat will lose value like you said.

Invest money- This for me is the last stage in the cycle that creates more money for you to be able to get more money. More money betters ones opportunities.

Fiat? That is no
Bitcoin? That is yes. But better to study the market, know the history before investing.
Gold? That is yes. It is the save haven.
Business? That is yes

What is most important is to never hold fiat in bank.

I personally hold some fiat in the bank, I have that much in my bank but I store some for my personal bills like subscriptions. To be honest banks are just too convenient to use, But I make sure not to put a lot of money in my bank because taking a large amount from banks is a hassle in my country, I've been flagged before just getting about $8,000 usd at once in my  account, It's a bad experience. I'm using banks now just for convenience. I save money by purchasing asset such as gold, I consider gold as a stable asset not an investment btw. Most of my assets are in crypto and It's been growing since, That's why I consider my crypto portfolio as an investment.

[Scripture]

Invest money- This for me is the last stage in the cycle that creates more money for you to be able to get more money. More money betters ones opportunities.

Investments doesn't guarantee any return, its risky and you have to consider that before doing your investment.
Its just like putting up a business that you can't know either it will succeed or not so there's always a risk.
We should always have the plan, how to get the money, and how to invest it because if there's no plan you can't make it, so start with the very basic and be more consistent.

[Finestream]

Save while you can, invest while you can, and never push yourself to do both when there is no need. You need food, you need clothes, and you also need fun and that's why you need to meet your needs before saving and investing.

It's true that that way we will have a good hope of making a profit in the long run (depending on what investment assets we have), but we shouldn't do it just for the money because actually we still need to invest for health in the long term.

Saving and investing will always save us from future's uncertainties, but it does not mean that it should always be our top priority. We have to cater first our basic necessities and health priorities before jumping into saving and investing. And when we think we are financially stable enough, then we can start saving and investing. The process may be tough and hard at the start, but as long as you enjoy each processa and milestone in your life, then success will always be possible in the end.

[ajochems]

The basic need of knowledge about the trading will be learned.Before of investing of huge money,you need to save in your bank accounts.Without saving of huge funds,you can’t inverse in big project.Based on the money you had invested,you will get profit from it.If you had invested huge amount of the dollars,the profit percentage also increased.Then the amount of profit also increased.

[carlfebz2]

Save while you can, invest while you can, and never push yourself to do both when there is no need. You need food, you need clothes, and you also need fun and that's why you need to meet your needs before saving and investing.

It's true that that way we will have a good hope of making a profit in the long run (depending on what investment assets we have), but we shouldn't do it just for the money because actually we still need to invest for health in the long term.

Saving and investing will always save us from future's uncertainties, but it does not mean that it should always be our top priority. We have to cater first our basic necessities and health priorities before jumping into saving and investing. And when we think we are financially stable enough, then we can start saving and investing. The process may be tough and hard at the start, but as long as you enjoy each processa and milestone in your life, then success will always be possible in the end.

Saving amount is the only money that you could really able to do so after all those expenses and need you would really need to prioritize.Its impossible that you wont really be putting emphasis into this area

since this is the thing that needs for us to survive and if we do have chance to save up or do have extra then thats the time we would really be making out such decision to save up whether
for emergency or for investment purposes later on.

If you do know on how to roll those funds for investment then you could possibly able to look for another source of income or would be supporting aside from your salary with your main job.

[Don Pedro Dinero]

What the thread creator says is fine for those who have no idea about personal finance, but it is very basic. The only thing I would add is a point about getting rid of debts, especially consumer debts, and especially if they have a high interest rate, such as credit card debts. I would not recommend investing with credit card debt at 20% interest.

[Farma]

well, this simple scheme will actually lead us to success if we really pay attention to it. however, many people who get profit from their business, but they don't know how to save it properly, and eventually end up in bankruptcy. a lot of people can make money, and save it, but keep it with Fiat, well, we know that the value of the currency is getting less and less, so, it's totally right to misplace it 100%. So, get some profit, save some and invest some, I think it's a very good way for now. although there are still many things wrong with this way, such as investing in the wrong place, but if we look into it, then we may find the right way. To be honest, I am currently starting to implement this scheme, but it is very difficult to do and takes time.

[batang_bitcoin]

What the thread creator says is fine for those who have no idea about personal finance, but it is very basic. The only thing I would add is a point about getting rid of debts, especially consumer debts, and especially if they have a high interest rate, such as credit card debts. I would not recommend investing with credit card debt at 20% interest.

I agree, majority has a debt to be cleared of and those that can't go on with their next chapter and can't save that much are those that are in debt. There are folks that even they can't bear and pay the debts, they're still making use of their credit cards so the interest are compounding and that's a bad debt.
With what businessmen does, they're acquiring good debts because it's helping them to have additional capital for their business but this isn't for everyone.

[hugeblack]

Sometimes you can get money without money and therefore you should not be restricted to get money - save money - invest money to get more money.
As for the ways to earn money, it does not stop at the job or hard work, but you can earn money the more information you have.
Save money is the hardest part because today's culture is consumerism par excellence, and who cannot save money will reduce the return on investment in the future.
As for investing, it is the part where you have several options.

[Oluwa-btc]

Zero arguments, but all of this cycle will not start not end without some good traits. As investing is not about making the right decision or in the right direction. You have really do need a laid out plan, strategy, discipline, consistency,ambitions and drive else above mentioned makes no sense, you need too apply some guides and orientations...