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Author Topic: Get, Save & Invest.  (Read 1188 times)
ropyu1978
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May 07, 2022, 01:25:19 PM
 #41

earn, save and invest I totally agree with your review, because most of us including myself, are not very smart to save money, most of us are only good at spending money, investing is the best way that we should apply, because today's digital of course we also have to be wise in looking for opportunities, let money work by itself, without having to drain our energy we can also get income.
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May 07, 2022, 01:49:23 PM
 #42

earn, save and invest I totally agree with your review, because most of us including myself, are not very smart to save money, most of us are only good at spending money, investing is the best way that we should apply, because today's digital of course we also have to be wise in looking for opportunities, let money work by itself, without having to drain our energy we can also get income.

Not knowing how to save is one of the most difficult things to do in life, but one have no choice just to adjust to learn how to save. Their some height we need to reach in life it is easy to get to that height by savings . I know its not very easy to start saving especially when one is not having much income , it can only be achieved by making good decisions on to spend and be discipline when it comes to money spending.

R


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May 07, 2022, 03:35:15 PM
 #43

Earn enough funds so you'll be able to save and when you have enough savings, you'll also be able to allocate enough funds for investment. If you want to invest then you have to make sure that you can handle and manage your funds wisely. One common mistake of some people is that they spend too much and don't save for the future and they just borrow so they could invest. Investment is important preparation for the future so we have to value it.
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May 07, 2022, 04:17:31 PM
 #44

Kinda sad since most people get stopped at the "saving" part since the money they obtained is basically used to pay whatever bills, food, or debts that they have. Not to mention that even if they save, I don't think they'd invest (they'd probably much rather stash it in their bank accounts or something), a lot of people fear that risk of "investing" since it seems like they're just going to end up losing the entire savings they earned for god knows how long. Not that I can blame them, I was the same at first. Just that I guess I had more opportunities since I was opened up to the "investing" idea  part when I was in late high school. (took me a few years before I was able to invest itself though).

 
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May 07, 2022, 04:45:52 PM
 #45

Bitcoin is best savings investment. So bitcoin is future digital currency it any time and any where to use. Easy to handling the bitcoins. But before use the bitcoins Frist you will know the bitcoins information. Bitcoin is furut currency. So this good investment and helpful to future growth
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May 07, 2022, 05:13:38 PM
 #46

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.


This is a good strategy specially for now that btc is on dip there is a big opportunity of big return of profit if we are going to invest today. I see bitcoin is strangling at the 35k$ price however i am still hoping that this dropping of price will not continue and i hope this os only a short correction, buy guys and hold dip is an opportunity we will not loss if we didn't sell at loss.

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May 07, 2022, 07:38:14 PM
 #47

Earn enough funds so you'll be able to save and when you have enough savings, you'll also be able to allocate enough funds for investment. If you want to invest then you have to make sure that you can handle and manage your funds wisely. One common mistake of some people is that they spend too much and don't save for the future and they just borrow so they could invest. Investment is important preparation for the future so we have to value it.
But in this case it depends on everyone, usually, even though on average everyone always wastes.
this is indeed quite natural because it is human nature which is indeed very difficult to change because wasteful and greedy habits are natural traits that have always been in fact.
It's very difficult to do self-discipline, especially regarding finances

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May 07, 2022, 08:12:35 PM
 #48

Quote
Get money - save money - invest money.
Yes, this is the money cycle in theory, but it is never easy to apply these simple principles that seem so easy when you read them. I will present some of the problems facing the novice investor:
First get the money: It is never easy to get money for someone who basically has no capital, many people stop at the first step because they can't get the money.
Second, saving money: At this stage, a person may become afraid of losing the money that he saved with great difficulty, so he continues to collect money and hesitates to enter into any investment.
Third, investing money: It is also possible for a person to become greedy at this stage, as he enters into losing investments as a result of his greed to achieve great profits in a short time, and in this case he can be easily deceived by SCAM projects that offer him big dreams.


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May 07, 2022, 08:13:44 PM
 #49

Kinda sad since most people get stopped at the "saving" part since the money they obtained is basically used to pay whatever bills, food, or debts that they have. Not to mention that even if they save, I don't think they'd invest (they'd probably much rather stash it in their bank accounts or something), a lot of people fear that risk of "investing" since it seems like they're just going to end up losing the entire savings they earned for god knows how long. Not that I can blame them, I was the same at first. Just that I guess I had more opportunities since I was opened up to the "investing" idea  part when I was in late high school. (took me a few years before I was able to invest itself though).

Yeah, it's not that easy as it sounds, it will take a lot of financial adjustments, writing down the bills, how much you are going to pay, and then budget for food etc. etc. and then what's left is for investment.

Unless you are lucky that you always win on your trade and so you have money for another extra investments. But if you learn how to control everything, then maybe you will succeed in investing in crypto space.

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May 07, 2022, 08:27:48 PM
 #50

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.



Just to add on this very important list, only invest the money that you are willing to lose. Given that the nature of cryptocurrencies that they are volatile, expect that its price may change at anytime without any given notice. Lots of people who joined the bandwagon did not understand the nature of BTC, in which they complained when they saw that their investment decreased on its value within like a week.

Before investing, try to understand the dynamics and the fundamentals of it. Without even knowing what you are investing on, you would most likely suffer at the end and pull-out your investments in the long-run without even profiting.
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May 07, 2022, 08:47:13 PM
 #51

Earn enough funds so you'll be able to save and when you have enough savings, you'll also be able to allocate enough funds for investment. If you want to invest then you have to make sure that you can handle and manage your funds wisely. One common mistake of some people is that they spend too much and don't save for the future and they just borrow so they could invest. Investment is important preparation for the future so we have to value it.
But in this case it depends on everyone, usually, even though on average everyone always wastes.
this is indeed quite natural because it is human nature which is indeed very difficult to change because wasteful and greedy habits are natural traits that have always been in fact.
It's very difficult to do self-discipline, especially regarding finances

It depends on how you are saving that money, I mean it is on bank or just put in it crypto and let it sleep for many years?

Yeah, of course it's human nature to used money to satisfy our needs. But if you are that kind of person that look in the future and have a good life for you and your family, then it's better to invest long term.

 
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May 08, 2022, 03:26:48 AM
 #52

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.


Many people don't know what is the real investment, they choose wrong and lose their money so in my opinion first of all they should plan and get knowledge about the investment before risking their money into something.

Getting money is the tough task as well, because its hard and it takes lot of time to save enough money.


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DanWalker
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May 08, 2022, 04:03:54 AM
 #53

earn, save and invest I totally agree with your review, because most of us including myself, are not very smart to save money, most of us are only good at spending money, investing is the best way that we should apply, because today's digital of course we also have to be wise in looking for opportunities, let money work by itself, without having to drain our energy we can also get income.

Investment is the best way for us to increase assets and save time than manual labor. We're all going to age and manual labor won't help us when we're old. But to get the best investments you must first have some savings because investing does not always bring us returns, sometimes there will be losses and then savings will be needed more than ever. It not only helps us to balance our finances in investment and life, but also helps us have a comfortable mentality when investing.

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May 08, 2022, 04:41:41 AM
 #54

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.



Get money - save money  - Invest money is the way of life. I doubt there are people in this world that Get Money and don't invest in whatever business it may be.
Investment is a wealth building process in which the investor have an opportunity to earn returns to increase his/her money.

Even if you have some fiat savings in the bank is not a bad idea, it is important to have a plan b, besides you still need fiat as it is still the only legal currency. It is better to invest 70% of your money and keep 30% cash in the case of a bad investment. And speaking of which it is important to know the kind of investment, crypto, real estate, agriculture are good sectors to invest.

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May 08, 2022, 06:59:53 AM
 #55

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.


Many people don't know what is the real investment, they choose wrong and lose their money so in my opinion first of all they should plan and get knowledge about the investment before risking their money into something.

Getting money is the tough task as well, because its hard and it takes lot of time to save enough money.


I think it is a mandatory thing that needs to be done before starting to invest,
investing isn't just about holding coins and then selling them,
knowledge and skills we must have because they are important things and it also helps us make decisions in choosing coins
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May 08, 2022, 11:39:44 AM
 #56

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.


It's a good thing to follow the cycle, especially the first two which talk about "getting the money", and "saving the money", many people fortunately have the opportunity of getting the money either through a monthly or daily pay job(s). And try to keep savings in case of uncertainty .

But the hard part of it based on my experience with certain person I have come across that had the money is the "invest money part.

Many people have allot in their possession but lack the knowlege to invest rightly. Some don't even know where to start investing into. Others that might have tried investing probably invested into the wrong place and that eventually led to a loss they couldn't bear or forget.

So in as much as we encourage people to invest as to reproduce their wealth we should also not forget to drop advises on how, where and when to invest too. 
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May 08, 2022, 12:12:40 PM
 #57

Ahh, I think I am on the right track here. Doing the same thing since I started my part time job. Though most of the money goes into my fees and few visits to tourist spots around the country I’m trying a lot to save money. Mostly I’m saving the money in cold wallet by making bitcoin purchase on p2p basis. It’s fair trade to save fees on exchangers and credit card pays on the same. I’m constantly making efforts to get money by doing different chores and forum is great help in the same. I try not to spend any penny which I earn from the forum itself. Rest, I hope I will find some good ways to earn sooner or later. Trying for blog write ups.
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May 08, 2022, 02:33:48 PM
 #58

Investment is very important, some people don't see it as important because probably their job is earning them good money so they only save money but don't invest.
I always try to invest some part of my salary because of future.
No matter how small the amount, it is good to invest to support your retirement when the time comes.
I have already invest some amount in crypto,  now I want to diversify into properties because they have long term value.

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May 08, 2022, 02:44:22 PM
 #59

Good money management is the key to future success. with the money we get then we must be good at managing it. I personally will sort it out where there is one for personal needs and one for investment. from this investment our money will work itself, so it will provide guarantees for us in the future. Don't let the money we get we spend and then look for money again, because forever we will continue to live like that
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May 08, 2022, 02:49:53 PM
 #60

But in this case it depends on everyone, usually, even though on average everyone always wastes.
this is indeed quite natural because it is human nature which is indeed very difficult to change because wasteful and greedy habits are natural traits that have always been in fact.
It's very difficult to do self-discipline, especially regarding finances

It depends on how you are saving that money, I mean it is on bank or just put in it crypto and let it sleep for many years?

Yeah, of course it's human nature to used money to satisfy our needs. But if you are that kind of person that look in the future and have a good life for you and your family, then it's better to invest long term.
The problem is that it depends on how we respond to life because humans are still in the stage of dissatisfaction and this is still something that is quite difficult to avoid, especially since the necessities of life are getting more and more difficult because of the increase in all fields, especially in the last few years.
This is a factor that must be taken into account as well because indeed sometimes when we have future plans it is also sometimes hampered by the needs of the present

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