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Author Topic: Get, Save & Invest.  (Read 1134 times)
LastKiss
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May 10, 2022, 04:09:54 PM
 #81

~snip~

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



I agree with that, also don't forget to prepare your emergency fund too not because you have a target to become more money you forgot to prepare your funds in emergency situation. So when you're investing your investment capital won't get touched when you suddenly need money. Just keep patience and do like what you say and set your mind that our effort won't betray us in the future.


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May 10, 2022, 04:40:07 PM
 #82

This short post is the Sum of how to be successful. As the money is important to get your needs done, It is also play crucial role to stabilize the whole carrier of your and those around you.
The first step Where Where you struggle to get Money. The best option to fulfill this role is to master your sell in specific skills specially according to current demand of in both physical world and in digital world. Sticking to something you learn in old time but don't have the demand now is not cool at all.

Then comes the 2nd part. Saving the money. I think The best way to save money is to go for Real Estates and Gold. fiat money lose value each day.

The third step is only for those with experience. Going soon after getting money in your hands to invest is not good idea. Think, Observe and then do investing.
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May 10, 2022, 06:32:13 PM
 #83

I agree with the op, except for me, I go with only -
Get Money
And -
Invest Money.
Yes, I don't save money because saving means I have to keep it in fiat in either my bank or saving box, and like the op said, money saved in fiat losses value faster than we think.
So what I personally do is Get Money, keep that which I need to spend in my bank account or withdraw it and keep in cash, and then Invest (money), that which I need to invest in crypto, money saved can also be invested, so why save it when I can actually Invest it?.

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May 10, 2022, 07:43:24 PM
 #84

investing is the same as saving, now crypto provides the best opportunity for those of us who save money in a bank or in a home safe to take the option of investing in crypto. money invested in crypto can work for us, and can grow more and avoid inflation in our country. Saving for today for tomorrow's needs is a very good financial management, there is no need to splurge if tomorrow is not clear about our financial income.
Yes, it’s good to save for tomorrow’s needs, but you have got to have really good plans. You don’t just be saving money simply for tomorrow’s needs, because you’re just going to end up spending your savings on needs that would probably be leading you to nowhere. I make savings, but I always have plans, such as my business and ways I am going to improve. You need think ways to invest your savings so that you will be able to make more and steady income. That’s the reason for savings.

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May 10, 2022, 08:55:41 PM
 #85

Saving is the best form of investment.
I was told that investment is the key, I took all my savings and invested, the investment became a scam and I returned to square one. Assuming I had the opportunity, I would have saved in bitcoin and leave it there.

I decided to use the language save, because I believe that people that got bitcoin when it was low and left it till today are saving. This is because bitcoin is a currency.
I agree about saving is also a form investment and giving you the discipline on how to handle your money properly. But even if you're a good saver but you lack of knowledge on the investment vehicles to put your money, you're likely to lose it all.

But learning it from the experience, I was also scammed before but it's not all of my money but that experience had taught me a lot of things on how to be wise with my money.

The difference is that a bitcoin hodler saves in a currency that has the tendency to appreciate rather than depreciate like fiat.
Now, the refined version of saving is to save in something that appreciates. Now I am a big fan of saving.
This is right, it appreciates and we all know the true potential of it because we have the idea and we've got knowledge based on it.

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May 10, 2022, 08:59:57 PM
 #86

investing is the same as saving, now crypto provides the best opportunity for those of us who save money in a bank or in a home safe to take the option of investing in crypto. money invested in crypto can work for us, and can grow more and avoid inflation in our country. Saving for today for tomorrow's needs is a very good financial management, there is no need to splurge if tomorrow is not clear about our financial income.
Yes, it’s good to save for tomorrow’s needs, but you have got to have really good plans. You don’t just be saving money simply for tomorrow’s needs, because you’re just going to end up spending your savings on needs that would probably be leading you to nowhere. I make savings, but I always have plans, such as my business and ways I am going to improve. You need think ways to invest your savings so that you will be able to make more and steady income. That’s the reason for savings.
When it comes to savings and real needs I still go the old way of managing my current finances. when i get money i make multiple allocations and the one i often use is method 50,30,20.
when I get my salary I save 50% for my daily needs to save my life in the following days, 30 percent for my personal desires and 20% for savings.
when talking about the needs on the other day, actually there was already an allocation of 50% there because that was the initial thing that had been prepared.
as for saving the concept if there is something urgent or for purposes in old age.
when you save only for tomorrow then maybe you need to re-manage your finances

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May 10, 2022, 09:31:09 PM
 #87

investing is the same as saving, now crypto provides the best opportunity for those of us who save money in a bank or in a home safe to take the option of investing in crypto. money invested in crypto can work for us, and can grow more and avoid inflation in our country. Saving for today for tomorrow's needs is a very good financial management, there is no need to splurge if tomorrow is not clear about our financial income.
Yes, it’s good to save for tomorrow’s needs, but you have got to have really good plans. You don’t just be saving money simply for tomorrow’s needs, because you’re just going to end up spending your savings on needs that would probably be leading you to nowhere. I make savings, but I always have plans, such as my business and ways I am going to improve. You need think ways to invest your savings so that you will be able to make more and steady income. That’s the reason for savings.
When it comes to savings and real needs I still go the old way of managing my current finances. when i get money i make multiple allocations and the one i often use is method 50,30,20.
when I get my salary I save 50% for my daily needs to save my life in the following days, 30 percent for my personal desires and 20% for savings.
when talking about the needs on the other day, actually there was already an allocation of 50% there because that was the initial thing that had been prepared.
as for saving the concept if there is something urgent or for purposes in old age.
when you save only for tomorrow then maybe you need to re-manage your finances

From your explanation of how you manage your finances, I think it's quite inspiring for me to follow, because the amount of the allocation of
funds that you specify for me is quite reasonable. Indeed, in living our daily lives most of our income is used to meet daily needs. So it's not
surprising that we must at least allocate 50% of our income for daily needs. Most importantly, we should not be short of money to meet our
daily needs. If our daily needs are not met, then something is wrong in managing our finances. Everyone certainly has a personal desire to
entertain ourselves from the stress of work that we experience. So there must always be an allocation of funds for us to spend on personal needs.
But I think 30% is too big for personal use, for me 10% for personal needs is enough. So the remaining 40% I suggest is divided into 20%
for savings and 20% more usually I use for investment. With such a financial arrangement I am sure my future can be bright.

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May 10, 2022, 09:57:23 PM
 #88

investing is the same as saving, now crypto provides the best opportunity for those of us who save money in a bank or in a home safe to take the option of investing in crypto. money invested in crypto can work for us, and can grow more and avoid inflation in our country. Saving for today for tomorrow's needs is a very good financial management, there is no need to splurge if tomorrow is not clear about our financial income.
Yes, it’s good to save for tomorrow’s needs, but you have got to have really good plans. You don’t just be saving money simply for tomorrow’s needs, because you’re just going to end up spending your savings on needs that would probably be leading you to nowhere. I make savings, but I always have plans, such as my business and ways I am going to improve. You need think ways to invest your savings so that you will be able to make more and steady income. That’s the reason for savings.
Not really that bad if you are really that eager on accumulating on everything which you could possibly able to save up because investment decisions would really be saved for later since its impossible that
you wont really be reconsidering on having one  specially if you do see that you have money to spent on but of course it isnt really that also bad to focus on saving for securing your needs or priorities
which are needed for you to survive on daily living.For some people who are really minding about future and being sustainable then investments would be their main idea.

R


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May 10, 2022, 10:12:55 PM
 #89

Saving is the best form of investment.
I was told that investment is the key, I took all my savings and invested, the investment became a scam and I returned to square one. Assuming I had the opportunity, I would have saved in bitcoin and leave it there.

I decided to use the language save, because I believe that people that got bitcoin when it was low and left it till today are saving. This is because bitcoin is a currency. The difference is that a bitcoin hodler saves in a currency that has the tendency to appreciate rather than depreciate like fiat.
Now, the refined version of saving is to save in something that appreciates. Now I am a big fan of saving.

Are you saving? but saving in bitcoin is not fiat, rather you are investing in bitcoin for the long term. Yes, we should invest in things like bitcoin that can increase in value over time.
Fiat will depreciate if you hold them for a long time but fiat savings will be essential for your investment as well as for your life because bitcoins don't always go up. Currently bitcoin price is down 50% compared to ATH so if you need money urgently for life selling bitcoin now is not a wise choice unless you have been a bitcoin buyer since 2013-2014.



.
.BIG WINNER!.
[15.00000000 BTC]


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May 10, 2022, 10:13:40 PM
 #90

Hustle everyday if you have the chance and before doing everything like this, make sure you have a goal so you can focus where to manifest those energy. Do some research, learn new something and keep learning so you won't stop half-way and party less and hustle big. Choose to stay positive all the time so that your fire won't stop burning half-way.

It's okay to make mistake as long as you learn from it, so keep doing more mistakes due to risking something and not when you know what was coming. Make a strategy on how you would make things easy even though it's hard but planning is always a big help.

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May 10, 2022, 11:35:12 PM
 #91

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.
True. Our health should always comes first than any other investments that will generate income. Investments can wait. We should always fulfill our basic needs first so we can live life not the hard way. And if we are now capable to save, then save and reserve some funds for investments. In this way, we will never end up regretting in the future.

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May 11, 2022, 03:26:09 AM
 #92

Maybe we don't mean get but buy, save and invest, if we want to get crypto for free of course we have to follow bounties or airdrops, but if we have money then buying is faster and more profitable, the big potential of crypto is a few days now when the price bitcoin drop is significant hence the best time to buy.
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May 11, 2022, 04:34:47 AM
 #93

The presence of crypto is the right solution in modern times as it is today, it is time for us to invest and control full without anyone's dependence, when we see the increase then the right time to sell because tomorrow or the day after tomorrow can go down again, and this is the most feasible asset and investment that very flexible.


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Furious 7
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May 11, 2022, 08:20:07 AM
 #94

When it comes to savings and real needs I still go the old way of managing my current finances. when i get money i make multiple allocations and the one i often use is method 50,30,20.
when I get my salary I save 50% for my daily needs to save my life in the following days, 30 percent for my personal desires and 20% for savings.
when talking about the needs on the other day, actually there was already an allocation of 50% there because that was the initial thing that had been prepared.
as for saving the concept if there is something urgent or for purposes in old age.
when you save only for tomorrow then maybe you need to re-manage your finances

From your explanation of how you manage your finances, I think it's quite inspiring for me to follow, because the amount of the allocation of
funds that you specify for me is quite reasonable. Indeed, in living our daily lives most of our income is used to meet daily needs. So it's not
surprising that we must at least allocate 50% of our income for daily needs. Most importantly, we should not be short of money to meet our
daily needs. If our daily needs are not met, then something is wrong in managing our finances. Everyone certainly has a personal desire to
entertain ourselves from the stress of work that we experience. So there must always be an allocation of funds for us to spend on personal needs.
But I think 30% is too big for personal use, for me 10% for personal needs is enough. So the remaining 40% I suggest is divided into 20%
for savings and 20% more usually I use for investment. With such a financial arrangement I am sure my future can be bright.
Agree with what you say because 50% feels big enough for daily needs but on the other hand everyone needs to express themselves. saving is indeed very good but on the other hand we also don't have to torture ourselves for it but of course if indeed the allocation we previously determined is still there, then indeed we also save it for investment in old age as well as for 30% personal desires when we don't If you want anything this month, then we can also move it for investment because this is only an allocation regardless of whether it is fully used or not, the most important thing is that it doesn't interfere with old-age savings.

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May 11, 2022, 08:56:12 AM
 #95

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.
This is true like for example in gambling when you only depend on the free money that they gave, you can't go anywhere or can't win big but if you will deposit, that amount must be a lot bigger than what the gambling site is giving for free. You will also bet big that way and if you win, you win big too.

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.
If you don't know why you are saving money then it's better if you won't do it but better if you can just spend any amounts you have right away. Not only that you will feel happy, it also won't cause you any stress to think if how you are gonna spend that huge money in you bank if ever you are saving.

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.
But, you must be careful on what you are investing. The more money you invest, can also lead to more losses if you pick up a wrong asset so you must choose wisely. It's okay to stop, halfway, for some reasons but let us try to continue what we have started as long as the results are quite good enough.
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May 11, 2022, 12:43:49 PM
 #96

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 indeed a very good cycle to keep money, once someone can be consistent in this cycle mode of living life, he/she will find it very easy to live life, because life itself relay on these things.
We need money to sustain our lives that's why we save money, and if we save money without plan, we endup misusing the money because they are not properly saved, that's why investment in good.

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May 11, 2022, 05:28:44 PM
 #97

Investments that are very easy to do with very high profit opportunities are of course cryptocurrencies
Don't be surprised as they are good enough fkr profitability, they can still pose a danger to a great loss on user, the main thing that helps in this situation is to know how to do about it, having a good understanding of crypto price speculation and making good advantage of it by taking good positions.
If you are investing in trusted high ranked coins then I am guessing that it would be pretty difficult for most of them to end up losing money. I am not saying that it is impossible, but you will not "lose" money if you hold it long enough.

Just to give an example, bitcoin is low right now, so if you bought bitcoin at ATH prices and holding today, you will feel horrible about it, if you sold it at ATH and bought right now you would have double the bitcoin amount. However, that is not a loss if you do not sell it, it is a shame that you didn't bought lower right now but you could still hold it until the price goes up and could profit if you wait.

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May 11, 2022, 10:53:41 PM
 #98

Investments that are very easy to do with very high profit opportunities are of course cryptocurrencies
Don't be surprised as they are good enough fkr profitability, they can still pose a danger to a great loss on user, the main thing that helps in this situation is to know how to do about it, having a good understanding of crypto price speculation and making good advantage of it by taking good positions.
If you are investing in trusted high ranked coins then I am guessing that it would be pretty difficult for most of them to end up losing money. I am not saying that it is impossible, but you will not "lose" money if you hold it long enough.

Just to give an example, bitcoin is low right now, so if you bought bitcoin at ATH prices and holding today, you will feel horrible about it, if you sold it at ATH and bought right now you would have double the bitcoin amount. However, that is not a loss if you do not sell it, it is a shame that you didn't bought lower right now but you could still hold it until the price goes up and could profit if you wait.
Not really that an assurance because some of the top coins back in the past years have come down in value and rank in overall which means that everything could possibly happen
thats why its really very crucial for you to make out some targets or selling points rather than holding for ages.Well, its your money then its your full control of things
and your decision to be made but be sure that you should be aware on how this market moves and make out immediate actions which you do seem right or beneficial for you.

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May 12, 2022, 04:20:00 AM
 #99

If we want big profits in the short term (less than a month) and long term (more than a year) then today is the best time to buy, I'm sure that the bitcoin price will normalize soon and return to the level of $40k even more a month, maybe the bitcoin price it can drop below $25k, but the best thing is to be optimistic and don't panic, it's definitely better to keep buying.
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May 12, 2022, 04:53:35 AM
 #100

Saving and investing are two different things, saving can be interpreted by setting aside a certain amount of money to be saved and the money can be used at any time if needed. While investment can be defined as investment activity within a certain period of time with the hope that the use of the capital can generate profits or increase in value.
and all necessities of life go into savings and use it when needed and this is very important, and I use 75% of my salary income for living needs, lifestyle, impromptu funds and also my parents. And 25% for investment and for long-term investment and if done consistently and disciplined the results will be felt.

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