Best way to manage money? - page 47.

voztata

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Quote from: mindrust on May 08, 2016, 07:32:43 AM

Learn how to use Excel.

Write down every penny you spend. Write down every investment you make. Track down your incomes and outcomes. Then make decisions, cut the unnecessary expenses off.

You will become a better investor in time.

Not only you become a better investor, you also become a better person in general. Simply learning how to use excel is enjoyable and you will find yourself using excel as a hobby, which is a good thing because you can always keep track of your expenses.

umaOuma

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Quote from: mindrust on May 08, 2016, 07:32:43 AM

Learn how to use Excel.

Write down every penny you spend. Write down every investment you make. Track down your incomes and outcomes. Then make decisions, cut the unnecessary expenses off.

You will become a better investor in time.

Yeah you need to reduce unwanted expenses and that will surely help you in saving more money which can be more profitable in long run, saving is the key to success.

thejaytiesto

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Quote from: Mr.grin on April 28, 2016, 10:47:57 AM

Quote from: Ulloa on April 28, 2016, 10:25:12 AM

Investing with your money is always good because than you can also earn some more money later and that would be perfect.
But you have to also save some money if the investing is not doing well so please have always backup money otherwise you become poor.

so true. investing is the only way the safest and relaxed as I know to earn money. because by investing you can make money without worrying money you invest

Well are you fucking kidding me lol. You invest without worrying about the money you invest? This is nonsense. Investing is pretty stressful, you do the wrong move and you lose all of your money, and don't get me started if you do leveraging, then you can end up in severe debt.

There's no way make money without stress, unless you are born with a trust fund and real state where you just simply live without doing anything but rent your stuff and get the money monthly. The rest, either working, or investing, will have levels of stress.

Cantoner

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Quote from: mindrust on May 08, 2016, 07:32:43 AM

Learn how to use Excel.

Write down every penny you spend. Write down every investment you make. Track down your incomes and outcomes. Then make decisions, cut the unnecessary expenses off.

You will become a better investor in time.

Well i had tryed to use that example to try to control and know my outcomes ,my income i know but as i have a business the income hasnt any value safe,anyway the thing is i try to control but being a family is hard since i spend 5 dollars and my wife spends 20 then more 4 more 6 dollars and i missed the control thing,anyway every one should know they cant spend all they earn must save for emergency.

mindrust

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Learn how to use Excel.

Write down every penny you spend. Write down every investment you make. Track down your incomes and outcomes. Then make decisions, cut the unnecessary expenses off.

You will become a better investor in time.

bamboylee

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Quote from: goldcoinminer on May 05, 2016, 12:52:10 AM

The best way to manage your money is don't spend on useless things or you lavish wants. You have to know how to save in the future, divide you savings into emergency funds, for leisure, and investment. In investment I can recommend you to buy bitcoin now as the price is probably appreciate its value in the future.

A simple method but seems to be the hardest to follow. Maybe most of us are guilty in this. And often we justify this by making alibi that what we buy is important. Though in reality it is not.

goldcoinminer

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The best way to manage your money is don't spend on useless things or you lavish wants. You have to know how to save in the future, divide you savings into emergency funds, for leisure, and investment. In investment I can recommend you to buy bitcoin now as the price is probably appreciate its value in the future.

GamingBro

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Try to dodge usless money spendings also you need learn how to control yourself and manage your time cause everybody know that time is money.

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Quote from: Ulloa on May 04, 2016, 03:35:31 AM

The best way to manage money is by always keeping track of how much money you have left and how much you can afford to spend. Make rules and give your self a certain amount of money that you can spend while at the same time saving money on the side.

Keeping track of the expenses is a good option, but while tracking you need to limit yourself the expenses. Only then managing will be effective with increased saving.

eternalgloom

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Quote from: Mr. Big on May 04, 2016, 03:54:32 AM

Quote from: Ulloa on May 04, 2016, 03:35:31 AM

The best way to manage money is by always keeping track of how much money you have left and how much you can afford to spend. Make rules and give your self a certain amount of money that you can spend while at the same time saving money on the side.

Monitoring your expenses is a good way to manage your money...Proper allocation of budget could save you a lot of money and that's the easiest way..Unnecessary expenditures such as buying something that has no practical purpose should always be avoided..

This is pretty good advice, but I have yet to find a good application to do this, I'm currently using an excell spreadsheet to keep track of my spendings, but like to switch over to an application which allows my do do thing somewhat automatically.

Marbit

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Quote from: Ulloa on May 04, 2016, 03:35:31 AM

The best way to manage money is by always keeping track of how much money you have left and how much you can afford to spend. Make rules and give your self a certain amount of money that you can spend while at the same time saving money on the side.

That's good and my rules I always 30% investing, 10% for spend and 60% for trading because in trading giving good benefit and main point I have better knowledge about it and I have got too reward in this side.

NewInCryptoCurrency

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Quote from: Mr.grin on April 28, 2016, 10:47:57 AM

Quote from: Ulloa on April 28, 2016, 10:25:12 AM

Investing with your money is always good because than you can also earn some more money later and that would be perfect.
But you have to also save some money if the investing is not doing well so please have always backup money otherwise you become poor.

so true. investing is the only way the safest and relaxed as I know to earn money. because by investing you can make money without worrying money you invest

The best way to manage your money you have to make an investment and also save some money and that is nice because so you have to make more money also.
And of course it can takes a long time until the value will be more and you should have to accept that.

mindrust

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I always track my investments in an excel file and see which of the investments doing good and which are doing bad. Keeping those records good because whenever you forget how you fucked up a trade then you see those records and remember how you fucked it up. You build a history about your fuck ups and successes.

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Quote from: Ulloa on May 04, 2016, 03:35:31 AM

The best way to manage money is by always keeping track of how much money you have left and how much you can afford to spend. Make rules and give your self a certain amount of money that you can spend while at the same time saving money on the side.

Monitoring your expenses is a good way to manage your money...Proper allocation of budget could save you a lot of money and that's the easiest way..Unnecessary expenditures such as buying something that has no practical purpose should always be avoided..

Ulloa

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The best way to manage money is by always keeping track of how much money you have left and how much you can afford to spend. Make rules and give your self a certain amount of money that you can spend while at the same time saving money on the side.

Mr.grin

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Quote from: Ulloa on April 28, 2016, 10:25:12 AM

Investing with your money is always good because than you can also earn some more money later and that would be perfect.
But you have to also save some money if the investing is not doing well so please have always backup money otherwise you become poor.

so true. investing is the only way the safest and relaxed as I know to earn money. because by investing you can make money without worrying money you invest

Ulloa

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Investing with your money is always good because than you can also earn some more money later and that would be perfect.
But you have to also save some money if the investing is not doing well so please have always backup money otherwise you become poor.

Newcoins2020

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Quote from: pereira4 on April 28, 2016, 08:47:44 AM

A sure fire way to never go broke and keep making positive gains each month is to separate an amount of money that you use to store long term, then this money you never touch it, and you must have this money under an asset that has a lot of potential like bitcoin (right now you can never find a better way to store money long term), then you must lock those savings and keep adding more money monthly. It's a slow way to grow but in a year you will thank that you did it, and in 10 you will be rich if you have at least 20 BTC.

Yeah some kind of fund is very helpfull indeed. I do this too to make sure if some problem occur I am always with money. Currenty i got 3 btc in it.

pereira4

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A sure fire way to never go broke and keep making positive gains each month is to separate an amount of money that you use to store long term, then this money you never touch it, and you must have this money under an asset that has a lot of potential like bitcoin (right now you can never find a better way to store money long term), then you must lock those savings and keep adding more money monthly. It's a slow way to grow but in a year you will thank that you did it, and in 10 you will be rich if you have at least 20 BTC.

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Quote from: Doms on April 28, 2016, 06:04:07 AM

If you worry about managing your money, you could hire professional financial managers so would advise you where to put your wealth, what other investments are available for you, and how are you going to be able to secure your money.

Well, that's true, if you are rich, you really need financial advisers...But if you only have enough money in the pocket and want to manage it, you can do it your own... Just list down all that you need, and do the math...all your expenses must be written down, so the next time you receive your salary, you know which is to be cut in the list...

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