How to save successfully?

[mvdheuvel1983]

This is a great idea and the best way to save for a strong and well determined person bitcoin believer who is interested in having what the future will bring in time to come having every penny meant for saving in bitcoin for that long period is not going to be easy but the idea is cool. Will be doing some calculations to know where to cut down some daily $1 to invest it's not going to be bad if any one does it consistently for a decade as you have said, good word for me today.

The idea as I understand is not limited to bitcoin alone but could be extended to other realistic assets with potential for sunstantib profit in the long term of about a decade. There's gold, and other precious metals to invest into and even in stocks and real estate. These are very good alternatives to save money through for the future than leaving it somewhere in fiat.

That is not a bad suggestion at all, there are so many other good things out there that one could invest in and expect a positive outcome in the future it is not limited to bitcoin, gold, real estate as you noted, the best thing is for one to do a proper research before choosing a particular thing to invest into and the best form of investment to me is investing in the things one has the knowledge so that it won't take you unaware when you should take your profit and you won't have to regret much when you don't make profit after investing. The amounts that should be left in fiat should be for day to day expenses fiat adds nothing to the amount it shouldn't be included when you talk about good savings scheme.

[pusaka]

This is a great idea and the best way to save for a strong and well determined person bitcoin believer who is interested in having what the future will bring in time to come having every penny meant for saving in bitcoin for that long period is not going to be easy but the idea is cool. Will be doing some calculations to know where to cut down some daily $1 to invest it's not going to be bad if any one does it consistently for a decade as you have said, good word for me today.

The idea as I understand is not limited to bitcoin alone but could be extended to other realistic assets with potential for sunstantib profit in the long term of about a decade. There's gold, and other precious metals to invest into and even in stocks and real estate. These are very good alternatives to save money through for the future than leaving it somewhere in fiat.

Yes, it's not limited to Bitcoin alone. Everyone has their own method and favorite assets to accumulate over a long period. The most popular in this space is Bitcoin.

Gold is also an option. Gold prices have skyrocketed recently, and some of my friends who own gold have already bought it because they bought it when the price wasn't as high as it is now. However, if you have sufficient capital, there's no harm in owning both. It's truly profitable to hold for the long term.

[Lida93]

The idea as I understand is not limited to bitcoin alone but could be extended to other realistic assets with potential for sunstantib profit in the long term of about a decade. There's gold, and other precious metals to invest into and even in stocks and real estate. These are very good alternatives to save money through for the future than leaving it somewhere in fiat.

Aside Bitcoin their maybe other other alternative way to save money for better value, but it is important one has to be very carefully when planning for this, because their are many alternative that seems to have value but they dont really have the potential.

What you have given is true as regarding some certain types of alternative to saving money in form of investment with a potential which later turned to fade off along the way. To avoid falling into those fatal end, the individual should just focus on the most popular investment assets that have proven a long lasting existence with potential endowing. We have gold, real estate, and a few others that have proven so.

[Uhwuchukwu53]

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

Op this question is clear, human naturally are of different kinds, in approaching life issues, this is not a Matter of inflation neither is as result of poor salary or income but individual difference of approaching life,  mostly when it has to do with money. For instance many leave in affluence, spend their money for jamboree, galavanting with some responsibility that will not add value to their life or future, they only realize themselves when the money has left their hand this set of people, that find it hard to save money lack nothing, financially but suffer poverty at the end as a result of "indecision" of not properly utilizing opportunity with what they have through saving against the future.

Many of this categories of human believe what they consumed is what they have planing against future seem to he unreasonable and unrealizable dream, this kinds of individual is more of customers behavior pertern seen investment or saving as a difficult task , it's very hard even to convince this set of individual. Their perception is very poor towards saving in conclusion it's individual view and how their knowledge limit them not inflation or poor salary or income.

[Lidger]

There are many middle-class families who spend a lot of money on their salaries and spend a month's expenses. For these families, the biggest thing to do well is not to think about saving. Yes, saving is definitely important and saving is the security of a family or a person. If the amount of money received as salary at the end of the month is spent, maybe that month will pass, but if there is ever a danger or a financial crisis, then if there is no savings, that family will be in big trouble. I think those who can set aside some amount of money for savings at the end of the month, if they do a little calculation, should do this.

[Freddie Boyer]

There are many middle-class families who spend a lot of money on their salaries and spend a month's expenses. For these families, the biggest thing to do well is not to think about saving. Yes, saving is definitely important and saving is the security of a family or a person. If the amount of money received as salary at the end of the month is spent, maybe that month will pass, but if there is ever a danger or a financial crisis, then if there is no savings, that family will be in big trouble. I think those who can set aside some amount of money for savings at the end of the month, if they do a little calculation, should do this.

Today I got my paycheck $300, and my monthly fixed expenses for this month are only $40 left, after paying for all my daily expenses. Is it worth investing the rest of my money?

Sometimes it's sweet to hear all the investment offers, but it hurts when we actually do it and only have that amount left. It's not that we don't want to, but it's too risky and risky to invest in the market. BTC is currently correcting again.

[Pikiboy]

Savings is an important factor every individual should do, moreover the reason why some people are not valuing in savings is lack of planning and some poor people cannot even meetup there daily requirement, what I mean is for them to feed they struggle hard so such group of people can never make savings
Some people have the money but they make it an habit intense of savings thinking if they pass out someone else will take over the savings enjoying what he or she has suffered for, this are wrong mentality group of people, having wrong planning for The future .

[juttsab@]

To me, the best way of thinking about saving is relying on Power Laws. Every dollar I can save, and put in bitcoin, is going to be worth at least 10x in a few years time (let’s say a decade).
This is the biggest incentive I have in saving. 

You absolutely right because we are people who are Investing in Bitcoin and Bitcoin is best option and our money is safe in that . Saving is necessary because we don't have same kind of situation at every time and we have down and falls in life and at that time , Bitcoin will be best option to sell that and we can convert our Bitcoin into currency. People are buying the Bitcoin because they know that is best currency to invest and they are Investing in this currency for long term.Saving and investment are two different things and people should learn how to save ans how many saving is required to invest for long term . People are buying the things for future and future will be best for people who invested in best investment.

[Youngrebel]

I've come across people who do not have a dine as a savings neither do they have a plan of starting to save at all.  these are people who have  source of income, infact they are earning an income. And these.are same set of people who do a regular give away to family, friends, colleagues and neighbours, infact they are even always willing to borrow others money from that little salary. Their excess when you ask why they don't have a.savings the response is usually "How much is my salary?"How much will i save and how do I survive with my family before month ends?."
Sometimes you.have to even say no to the needs of some people who regularly call for help and use that money to save for over a period of time and you will realise how much you were able to save out.

Regardless of how much any individual earns daily, weekly,  monthly or annually ot takes determination and discipline to start a savings and be consistent with it. The statement of low income or inadequate income is just an excuse.

I think lack of savings is what poverty should be described as because any day and moment that income stops.that the beginning of doom and the real poverty for that individual as there's nothing for you to fall back to in your time of need.

[icebar]

Savings is an important factor every individual should do, moreover the reason why some people are not valuing in savings is lack of planning and some poor people cannot even meetup there daily requirement, what I mean is for them to feed they struggle hard so such group of people can never make savings
Some people have the money but they make it an habit intense of savings thinking if they pass out someone else will take over the savings enjoying what he or she has suffered for, this are wrong mentality group of people, having wrong planning for The future .

Not everyone can be a saver. There are many who have enough money to save but they are not interested in saving that money. Then there are some who do not have money to save. The income they earn cannot be covered properly, so saving will definitely not be easy for them. People can save only when they have a regular income opportunity. Only those who have discretionary income are best suited for saving. I think that when it comes to saving, you can't save just by having money. The same is true when you have money but don't have the attitude.

[MFahad]

There are many middle-class families who spend a lot of money on their salaries and spend a month's expenses. For these families, the biggest thing to do well is not to think about saving. Yes, saving is definitely important and saving is the security of a family or a person. If the amount of money received as salary at the end of the month is spent, maybe that month will pass, but if there is ever a danger or a financial crisis, then if there is no savings, that family will be in big trouble. I think those who can set aside some amount of money for savings at the end of the month, if they do a little calculation, should do this.

A person who depends on a salary. He made a budget from his salary. He should spend a some part of his salary on his needs and And put the remaining  part of his sallery in his savings. So that in an emergency situation he can put his savings in work. If he spends all the money he earns from his salary So he will not be able to face the difficulties that come in his life. Salary is the amount which received after one month Some people end it immediately. If that same person thinks if I spend my salary So how will I get through the whole month. A person should spend money on that necessities without which he cannot survive. savings are very useful in our lives. the biggest advantage of saving is that we can use it to solve our problems.

[mustapha67]

There are many middle-class families who spend a lot of money on their salaries and spend a month's expenses. For these families, the biggest thing to do well is not to think about saving. Yes, saving is definitely important and saving is the security of a family or a person. If the amount of money received as salary at the end of the month is spent, maybe that month will pass, but if there is ever a danger or a financial crisis, then if there is no savings, that family will be in big trouble. I think those who can set aside some amount of money for savings at the end of the month, if they do a little calculation, should do this.

Brother, I specifically commend you for your efforts towards the topic on savings gradually for future utilization. It is important to save funds for present and future utilization. This is possible if we really understand the need for such practice. The truth is that saving money helps to save the future's troubles. It is important to save little by little of what we earn every month to garrantee the future.

[GeorgeJohn]

Saving does not necessarily require us an instant big amount.

savings is all about planning, so from my view and my understanding about savings, you must all Cut down you're weekly monthly expenses so I believe that anyone who have a mind to serve a money must to have a target and the target will make you to limit some certain kind of expenses that you make during the Weeks.. so I kept on emphasizing that for someone to serve money you must to have a positive agenda and you must do work on your needs and on your demand so if you can be able to maintain these two things you will come save out money provided that you have what gives you return monthly

[KeenanEl19]

There are many middle-class families who spend a lot of money on their salaries and spend a month's expenses. For these families, the biggest thing to do well is not to think about saving. Yes, saving is definitely important and saving is the security of a family or a person. If the amount of money received as salary at the end of the month is spent, maybe that month will pass, but if there is ever a danger or a financial crisis, then if there is no savings, that family will be in big trouble. I think those who can set aside some amount of money for savings at the end of the month, if they do a little calculation, should do this.

No one wants to experience major problems, but we don't know what the future holds, even if we do our best. Therefore, we must prepare reserves, such as savings, to handle potential emergencies, such as accidents that require medical expenses. If we don't have savings, we might resort to borrowing money, with uncertainty about whether we'll receive it.

Some people experience a limited income, but trying to save is a good thing, even if it's difficult. Perhaps we can still find a side job to earn a little extra money, so we have some money to put aside for savings.

[woez]

No one wants to experience major problems, but we don't know what the future holds, even if we do our best. Therefore, we must prepare reserves, such as savings, to handle potential emergencies, such as accidents that require medical expenses. If we don't have savings, we might resort to borrowing money, with uncertainty about whether we'll receive it.

Some people experience a limited income, but trying to save is a good thing, even if it's difficult. Perhaps we can still find a side job to earn a little extra money, so we have some money to put aside for savings.

Your thinking is very good. It means we never know what will happen tomorrow if we don't prepare now. We shouldn't think about it tomorrow if there are seemingly small things that have a big impact. Life is full of uncertainty.

Whether we are men or women, we should try to find additional income as much as possible, even though most have permanent jobs with a certain salary that is considered sufficient to cover some basic needs or not at all.

This means that this effort is not to get rich but rather to strengthen our financial position if there are important and urgent needs with a high priority scale at any time.

[bubilas]

There are many middle-class families who spend a lot of money on their salaries and spend a month's expenses. For these families, the biggest thing to do well is not to think about saving. Yes, saving is definitely important and saving is the security of a family or a person. If the amount of money received as salary at the end of the month is spent, maybe that month will pass, but if there is ever a danger or a financial crisis, then if there is no savings, that family will be in big trouble. I think those who can set aside some amount of money for savings at the end of the month, if they do a little calculation, should do this.

For these middle-class families to heed financial advice and start saving for assets and making successful investments (including in the world of cryptocurrency), they literally need to change their mentality. I know many middle-class families, even those of higher status, who nevertheless have absolutely no desire to save money. They find it much easier to go to work and constantly live a life burning through all their savings, while not caring about tomorrow.
They are happy in the here and now, although they could actively invest and no longer go to work.

[slapper]

I've come across people who do not have a dine as a savings neither do they have a plan of starting to save at all.  these are people who have  source of income, infact they are earning an income. And these.are same set of people who do a regular give away to family, friends, colleagues and neighbours, infact they are even always willing to borrow others money from that little salary. Their excess when you ask why they don't have a.savings the response is usually "How much is my salary?"How much will i save and how do I survive with my family before month ends?."
Sometimes you.have to even say no to the needs of some people who regularly call for help and use that money to save for over a period of time and you will realise how much you were able to save out.

Regardless of how much any individual earns daily, weekly,  monthly or annually ot takes determination and discipline to start a savings and be consistent with it. The statement of low income or inadequate income is just an excuse.

I think lack of savings is what poverty should be described as because any day and moment that income stops.that the beginning of doom and the real poverty for that individual as there's nothing for you to fall back to in your time of need.

Determination and discipline.

I have heard this, people often tell me that, and most have never had to choose between drugs and food. You are describing a person, who gives money to relatives and neighbors and referring to them as undisciplined? That's not lack of willpower. That is being incorporated into a mutual aid network that is likely to have kept them alive in the past crises.

Assuming that someone earns 1800/month, spends 900 on rent (it is cheap at the moment), 300 on food, 200 on transportation, 150 on utilities, 100 on phone/internet (is needed by most people), it makes 1650. They have $150 left. One doctor bill, one maintenance, one anything -> disappearance. And you want them to say no to their sister who requires 50 dollars? That sister would be the reason they would have childcare next month.

Poverty isn't lack of savings. The structural situation that makes saving mathematically impossible to millions of people and that we still imagine is a matter of character is poverty. Real wages have remained stagnant since 1973 whereas housing costs have tripled. But I guess we can call it discipline.

[Fortify]

Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

In order to reach the point of saving successfully you have to cross the line between only living in the moment for today and starting to plan what will happen tomorrow. Sometimes this is driven by factors outside of our control, if we can barely cover all our bills every month and are only left with a few dollars to spare which you should really use to treat yourself, then you simply don't have the capacity to save - you should definitely review all your outgoing and see if you can increase your income, but you might not be able to do that. When you do have a small margin each month, you should really start to think about creating savings because it can give you incredible peace of mind in the longer term.

[Fredomago]

Savings is an important factor every individual should do, moreover the reason why some people are not valuing in savings is lack of planning and some poor people cannot even meetup there daily requirement, what I mean is for them to feed they struggle hard so such group of people can never make savings
Some people have the money but they make it an habit intense of savings thinking if they pass out someone else will take over the savings enjoying what he or she has suffered for, this are wrong mentality group of people, having wrong planning for The future .

Not everyone can be a saver. There are many who have enough money to save but they are not interested in saving that money. Then there are some who do not have money to save. The income they earn cannot be covered properly, so saving will definitely not be easy for them. People can save only when they have a regular income opportunity. Only those who have discretionary income are best suited for saving. I think that when it comes to saving, you can't save just by having money. The same is true when you have money but don't have the attitude.

Discipline and practices are factors that you need in terms of saving money, even how tight your income if you are serious in saving some from it then you can remove what is not necessarry with your expenses, it's more on how you control yourself and how you deal with your set plans, there are people who instead of treating themselves eating with a decent restaurant choose no to do so but instead they take the regular way and save the money that supposedly for that treat after that long week or month of working.

[Altryist]

Discipline and practices are factors that you need in terms of saving money, even how tight your income if you are serious in saving some from it then you can remove what is not necessarry with your expenses, it's more on how you control yourself and how you deal with your set plans, there are people who instead of treating themselves eating with a decent restaurant choose no to do so but instead they take the regular way and save the money that supposedly for that treat after that long week or month of working.

Yes you're right, such people exist, I did it throughout my youth because I read several books about the importance of saving, which can make you financially independent in the future. Now I can say that what we save at a young age isn't all that important, because it will be insignificant savings compared to what we'll earn once we get a good job or, even better, start our own business. But it will develop the habit of always saving, no matter what our income, and I consider that more important than what we managed to save at the very beginning.