When it comes to managing money, I would advocate the following:
In your 20s, the reality is that bills to pay would make up a large part of how you spend your money. Save 10%, invest 10%.
In your 30s and 40s, investing should increase as you build up your investment component. Invest 30%, save 10%.
Then in your 50s, investing and savings dwindles as you prepare for your twilight years.
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Topic: Best way to manage money? - page 53. (Read 61127 times)
First rule of thumb is to have some money to manage. 
Second is to know how the markets are so if you plan on making more from the money that you already have you are prepared to know what you are getting into.
Third is to have an exit plan. If the price of your investment goes down know when is the right time to get out before you lose it all.
That is good money management to me
Second is to know how the markets are so if you plan on making more from the money that you already have you are prepared to know what you are getting into.
Third is to have an exit plan. If the price of your investment goes down know when is the right time to get out before you lose it all.
That is good money management to me
Whatever salary I am earning I am saving a part of it and rest investing in multiple products as I am sure investment will be profitable in long run and saving will help me in emergencies.
i manage my money in 4part : some of my money i save for emergencies future, some of my money i invest at bitcoin, some of my money i use it for daily cost then a part of my money i share to some people like my mother etc.
The ammount invested at bitcoin doesnt matter at all as the person believes at bitcoin and cant put all his finances just at it.And if you are investing 50%from your salary means you dont live alone maybe with parents soo your wages are lower.The thing is each one may choose the way they wanna handling their finances ,just keep them balanced is more then enought if are ambitious person will invest at bitcoin a part of those income.
Saving and investment is an integral part of wise money management.One should save at least 20% of his earnings for future and if possible invest 10% in some good business opportunity.Bitcoin is certainly one of them
I do 15% of my salary invested in bitcoin and another 15% savings for future needs and i feel it was my best to manage money, try this. The most important to manage your money is to stick to the rules , don't stop in the middle. Keep it up until the end of plan.
I only have a small monthly salary of $ 500/month I use more than half of it to buy bitcoin. because I believe in the future of bitcoin. and the remainder to be saving
Whatever salary I am earning I am saving a part of it and rest investing in multiple products as I am sure investment will be profitable in long run and saving will help me in emergencies.
Best way to manage money is the 70-10-10-10 rule.
70 goes on bills and living
10 goes to saving/investment account
10 goes to items you don't need, but we buy anyway. We still need to enjoy life.
10 goes to charity/churches/helping others etc
Budgeting:
Part of effective money management and wealth creation is accounting for your coin. If you have no idea where your money is actually going , you don't have a chance of controlling and growing it.
As we travel our journeys, our lives become more complicated. Most of us juggle family, friends, careers, health and money and usually we do a pretty good job of balancing these matters out. Unfortunately though , some people engage in a real tangle and tussle exercises when it comes to the money side of things. This occurs for several reasons, often through no fault of your own. That aside, the result is the same. People end up feeling pressured and frequently depressed over their financial affairs.
To avoid becoming tied up in over the green stuff, budgeting is and essential exercise we should engage in. Everybody in my books should do it. It dosent matter if you are and individual, a family unit, a company or a government. It dosent matter if your extremely rich or poor. It dosent matter if you're self-employed or work for someone else. It dosent matter if you earn $30k a year or $3million a year. The bottom line is we all need to know whats coming in, and whats going out, and most importantly, what the gold coins are actually doing for us.
So the best way to manage money is budget. Money secrets 101
70 goes on bills and living
10 goes to saving/investment account
10 goes to items you don't need, but we buy anyway. We still need to enjoy life.
10 goes to charity/churches/helping others etc
Budgeting:
Part of effective money management and wealth creation is accounting for your coin. If you have no idea where your money is actually going , you don't have a chance of controlling and growing it.
As we travel our journeys, our lives become more complicated. Most of us juggle family, friends, careers, health and money and usually we do a pretty good job of balancing these matters out. Unfortunately though , some people engage in a real tangle and tussle exercises when it comes to the money side of things. This occurs for several reasons, often through no fault of your own. That aside, the result is the same. People end up feeling pressured and frequently depressed over their financial affairs.
To avoid becoming tied up in over the green stuff, budgeting is and essential exercise we should engage in. Everybody in my books should do it. It dosent matter if you are and individual, a family unit, a company or a government. It dosent matter if your extremely rich or poor. It dosent matter if you're self-employed or work for someone else. It dosent matter if you earn $30k a year or $3million a year. The bottom line is we all need to know whats coming in, and whats going out, and most importantly, what the gold coins are actually doing for us.
So the best way to manage money is budget. Money secrets 101
Yes credit cards apparently make you pay more and are heavy on your pocket. You should save money by making a monthly target and try to stick on your path as long as possible.One more thing that you can do is try to reduce your electricity bills and water bills as much as possible.This will save environment as well as your money.
I also have many cases, i have wasted many chances for earning, because i was to late or i fall asleep when
everything started.. Or even better i have forget some orders to cancel..Better organization is what i need.
Trading is very hard job and there is no space for stupid mistakes.
everything started.. Or even better i have forget some orders to cancel..Better organization is what i need.
Trading is very hard job and there is no space for stupid mistakes.
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I'm terrible in money managing, so I think this is a good skill to have. Or to learn. But I've never succeded, most of the time I'm having wrong decisions and the end I have a lack of money. 
you need to hire a Money managing consultant or atleast, you can save your Money,and told your brother or anyone who close with you to change the PIN and let you don't know, so, you'll not going to take your Money again 
I'm terrible in money managing, so I think this is a good skill to have. Or to learn. But I've never succeded, most of the time I'm having wrong decisions and the end I have a lack of money.
My personal strategy is to save 50% of my monthly income in fiat money and 75% of my monthly income in Bitcoin. 40% of it for long-term savings. 10% of it for unexpected spendings like new car parts etc.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
That is too much i think. Your taking more than 50% of your total income to savings. Are you sure you can keep that up? Don't you have any other expenses? BUt if you can do it, you'll be set in no time to make large investments.
Well, it's depend which country is he live. For me 50% of my total income to savings is too much, because it can't covered my daily things, like eating. But i always motivate my self to manage money.
You are not alone in that. I can say most of us here cannot save 50% of his total income. It is really hard to do especially in today's economy. It is good if you can do it but it is not really doable by a minimum wage income earner.
Yeah, there are about 90% people who are unable to save anbout 50% of their earnings, some of them are trying to work for double time so that they come to save some money and start some good business, but still unable to save, as I saw them in my real life.
True story. And that's how most of the cases are nowadays. If you really think about it, there really is a way to beat this norms. Being exposed to Bitcoin and other investment opportunities helped me to realize this. I know it's hard but it really is much wiser to save - as this will be for your own benefit.
Yeah saving will always be helpful in long run, and if you start saving from now then you can have a good amount at the end which can be helpful at the time of emergencies.
Saving and investment is an integral part of wise money management.One should save at least 20% of his earnings for future and if possible invest 10% in some good business opportunity.Bitcoin is certainly one of them
I do 15% of my salary invested in bitcoin and another 15% savings for future needs and i feel it was my best to manage money, try this. The most important to manage your money is to stick to the rules , don't stop in the middle. Keep it up until the end of plan.
My personal strategy is to save 50% of my monthly income in fiat money and 75% of my monthly income in Bitcoin. 40% of it for long-term savings. 10% of it for unexpected spendings like new car parts etc.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
That is too much i think. Your taking more than 50% of your total income to savings. Are you sure you can keep that up? Don't you have any other expenses? BUt if you can do it, you'll be set in no time to make large investments.
Well, it's depend which country is he live. For me 50% of my total income to savings is too much, because it can't covered my daily things, like eating. But i always motivate my self to manage money.
You are not alone in that. I can say most of us here cannot save 50% of his total income. It is really hard to do especially in today's economy. It is good if you can do it but it is not really doable by a minimum wage income earner.
Yeah, there are about 90% people who are unable to save anbout 50% of their earnings, some of them are trying to work for double time so that they come to save some money and start some good business, but still unable to save, as I saw them in my real life.
True story. And that's how most of the cases are nowadays. If you really think about it, there really is a way to beat this norms. Being exposed to Bitcoin and other investment opportunities helped me to realize this. I know it's hard but it really is much wiser to save - as this will be for your own benefit.
My personal strategy is to save 50% of my monthly income in fiat money and 75% of my monthly income in Bitcoin. 40% of it for long-term savings. 10% of it for unexpected spendings like new car parts etc.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
That is too much i think. Your taking more than 50% of your total income to savings. Are you sure you can keep that up? Don't you have any other expenses? BUt if you can do it, you'll be set in no time to make large investments.
Well, it's depend which country is he live. For me 50% of my total income to savings is too much, because it can't covered my daily things, like eating. But i always motivate my self to manage money.
You are not alone in that. I can say most of us here cannot save 50% of his total income. It is really hard to do especially in today's economy. It is good if you can do it but it is not really doable by a minimum wage income earner.
Yeah, there are about 90% people who are unable to save anbout 50% of their earnings, some of them are trying to work for double time so that they come to save some money and start some good business, but still unable to save, as I saw them in my real life.
My personal strategy is to save 50% of my monthly income in fiat money and 75% of my monthly income in Bitcoin. 40% of it for long-term savings. 10% of it for unexpected spendings like new car parts etc.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
That is too much i think. Your taking more than 50% of your total income to savings. Are you sure you can keep that up? Don't you have any other expenses? BUt if you can do it, you'll be set in no time to make large investments.
Well, it's depend which country is he live. For me 50% of my total income to savings is too much, because it can't covered my daily things, like eating. But i always motivate my self to manage money.
You are not alone in that. I can say most of us here cannot save 50% of his total income. It is really hard to do especially in today's economy. It is good if you can do it but it is not really doable by a minimum wage income earner.
Best way to manage your money is to make a list of what you have to pay. So pay all your bills and see what you have left. Save a part of the money you have left for your self and the rest is yours to spend. This is how I do it.
My personal strategy is to save 50% of my monthly income in fiat money and 75% of my monthly income in Bitcoin. 40% of it for long-term savings. 10% of it for unexpected spendings like new car parts etc.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
That is too much i think. Your taking more than 50% of your total income to savings. Are you sure you can keep that up? Don't you have any other expenses? BUt if you can do it, you'll be set in no time to make large investments.
Well, it's depend which country is he live. For me 50% of my total income to savings is too much, because it can't covered my daily things, like eating. But i always motivate my self to manage money.
My personal strategy is to save 50% of my monthly income in fiat money and 75% of my monthly income in Bitcoin. 40% of it for long-term savings. 10% of it for unexpected spendings like new car parts etc.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.
That is too much i think. Your taking more than 50% of your total income to savings. Are you sure you can keep that up? Don't you have any other expenses? BUt if you can do it, you'll be set in no time to make large investments.
Well you have your own strategy to manage ,soo you are willing to take a bigger risk,at bitcoin,and be able to let some balance for emergencies that may happen during those investments options.
correct,i think everybody have their own money management,invest strategy and they should learn to get the best management for their money,everypeople ahve different habit.Everyone has their own take on it a investment strategy.
But its better to clear the air, by just looking at their house lol. If their house is worth $4.3 million dollars its a good indication you should just take advice of people are up there then people just trying to buy a "condo".
Well the advice from people with less power economic able to buy a condo against the house milions may have a better strategy them the rich one,the thing here isnt the material thing and yes the way they handle and care their money.Those richie person can had the house from the family soo admnistration isnt with him or her,several people hires the middle men to handle that or companies to do that work.
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