Best way to manage money? - page 6. | Bitcointalksearch.org

ikydesu

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Quote from: Mastsetad on November 26, 2016, 12:08:35 PM

Quote from: J Gambler on November 26, 2016, 12:02:39 PM

Open an bank account or where you should put all your profit not in bitcoin wallet because as long as you are seeing bitcoin in your wallet you are going to play it or invest it on website playing gambling is not a solution to make more profit. Managing money is not really hard if you are going to set some rules in your life like your not going to spend that much and save it instead.

I feel if someone is addicted of gambling or anything else then he wont even let the money in the bank and he will spend it, and if someone is not addicted to anything like that and can control himself then even keeping them in a bitcoin wallet would be good too, it all depends on a person if he is willing to save or not.

That's right, for any currency gamble addicted have they will using it to spend for playing and for greedy people who have any currency in their bitcoin wallet/bank account, they will spend it to investing to whatever site which offer big profit without doing research first.

Back it to personal itself, manage money is a manage personal habit, it will be good or will be bad.

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Quote from: bitcoinisbest on November 26, 2016, 01:38:04 PM

To manage money first invest , then spend . use less of credit cards and avoid multiple cards for just having more balance. Keep your expenses under control and dont waste money in gambling or unnecessary stuff.

that's a good simple way to manage finances we have. Essentially, we just need to control yourself from something that could spend the money we have, because so many people will lose their self control if they see something very interesting and they can buy, because I am also like that. so by holding and control themselves, we might be able to arrange our finances well

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To manage money first invest , then spend . use less of credit cards and avoid multiple cards for just having more balance. Keep your expenses under control and dont waste money in gambling or unnecessary stuff.

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Quote from: J Gambler on November 26, 2016, 12:02:39 PM

Open an bank account or where you should put all your profit not in bitcoin wallet because as long as you are seeing bitcoin in your wallet you are going to play it or invest it on website playing gambling is not a solution to make more profit. Managing money is not really hard if you are going to set some rules in your life like your not going to spend that much and save it instead.

I feel if someone is addicted of gambling or anything else then he wont even let the money in the bank and he will spend it, and if someone is not addicted to anything like that and can control himself then even keeping them in a bitcoin wallet would be good too, it all depends on a person if he is willing to save or not.

J Gambler

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Open an bank account or where you should put all your profit not in bitcoin wallet because as long as you are seeing bitcoin in your wallet you are going to play it or invest it on website playing gambling is not a solution to make more profit. Managing money is not really hard if you are going to set some rules in your life like your not going to spend that much and save it instead.

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Quote from: Natalim on November 24, 2016, 10:42:34 PM

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Quote from: d@nte on November 24, 2016, 06:52:02 PM

Quote from: crwth on November 23, 2016, 04:00:36 PM

The best way I think to manage money is to understand that you do need to save and can control the urges to not buy your wants and just pay your responsibilities. You can manage your money through apps, knowing what you paid and how much you save. The first thing when you get your salary or wage, you take an amount already to save. You take a part of it to savings, and apart of it from responsibilities. You should always keep in mind to save then spend what's remaining rather than to spend then save what's remaining. It's a sure way to have savings and completely manage it using an application. That's how I do it.

I don't use apps for it yet, but the idea is worth trying. I'm already appliyng the practice of separating necessary items from unnecessary things.
But that alone is probably not enough, it's also necessary to do research in the market to be able to substitute more expensive items for cheaper and quality ones.

You don't even have to use apps, what you just need to have is discipline. Because if you are valuing your money and you won't use it for something unusual and that's what you intend to do and makes you to be a good manager of your money. I guess it is effective to do it on the old way, by simply making a list of your expenditures.

Apps can help but you are right we need to have a self discipline, it is just a matter of knowing your priority and you can start to manage your money effectively, true that it's hard to manage our money especially when we are not earning good enough but we have to because it's for the future.

Managing our money is always hard if have little money then you will need to make every dollar count and that can be stressing if you have a lot of money then you have the problem of where to store it and where to invest that money.

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Quote from: groll on November 26, 2016, 10:20:56 AM

Quote from: danherbias07 on November 26, 2016, 08:25:06 AM

Quote from: madwica on November 26, 2016, 07:35:57 AM

For me i do every time i received my salary i less first the 5% for my savings and the rest it will spend or invest because i do that for my future i always save first before to spend.

Though this is not new this is good news. Many have been flexible with their money and are trying to convert it to bitcoin. We should pass this kind of technique to many because it will not hurt much with their salary and in a year they could end up with a great sum of bitcoin.

Saving even a small percentage of our salary is a nice, its very important to have savings so that in case of emergency you can have money to spend. The best way? I dont think that there is, its really hard to save niw because of high inflayion rate of our daily needs, i think just spend according to your needs is the best. And do not spend more than your income. If you can invest a small percentage of your money then do so. Invest, earn and save.

You know it does not need to be a genius to manage your money correctly. There are also lots of guidelines in the internet on how to manage your money and be able to overcome hard times in one's life due to the successful way of managing money. Most successful people would suggest that one must set aside his savings first before he start budgeting his money. This way you can save even with tight budget at hand.

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Quote from: danherbias07 on November 26, 2016, 08:25:06 AM

Quote from: madwica on November 26, 2016, 07:35:57 AM

For me i do every time i received my salary i less first the 5% for my savings and the rest it will spend or invest because i do that for my future i always save first before to spend.

Though this is not new this is good news. Many have been flexible with their money and are trying to convert it to bitcoin. We should pass this kind of technique to many because it will not hurt much with their salary and in a year they could end up with a great sum of bitcoin.

Saving even a small percentage of our salary is a nice, its very important to have savings so that in case of emergency you can have money to spend. The best way? I dont think that there is, its really hard to save niw because of high inflayion rate of our daily needs, i think just spend according to your needs is the best. And do not spend more than your income. If you can invest a small percentage of your money then do so. Invest, earn and save.

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Quote from: madwica on November 26, 2016, 07:35:57 AM

For me i do every time i received my salary i less first the 5% for my savings and the rest it will spend or invest because i do that for my future i always save first before to spend.

Though this is not new this is good news. Many have been flexible with their money and are trying to convert it to bitcoin. We should pass this kind of technique to many because it will not hurt much with their salary and in a year they could end up with a great sum of bitcoin.

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Quote from: madwica on November 26, 2016, 07:35:57 AM

For me i do every time i received my salary i less first the 5% for my savings and the rest it will spend or invest because i do that for my future i always save first before to spend.

Me also i do saving money first before to spend because i know that saving money will brings us to be rich in the future also i have a lot money for my investment to have passive income. I want that my money helps me to earn.

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For me i do every time i received my salary i less first the 5% for my savings and the rest it will spend or invest because i do that for my future i always save first before to spend.

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Quote from: goldcoinminer on November 25, 2016, 11:57:47 PM

Quote from: Dudeperfect on November 25, 2016, 11:21:37 PM

Quote from: arseaboy on November 25, 2016, 11:48:42 AM

Quote from: mirakal on November 25, 2016, 01:59:25 AM

Quote from: Dudeperfect on November 25, 2016, 01:23:06 AM

Quote from: BlokF4No27 on November 24, 2016, 10:55:12 PM

The best way is to divide our money in some places, don't just put it in one place. We should also have to be investing for the future, the investment could form real like stock, land, gold and more. Bitcoin is one alternative investment for long term.

Putting all eggs in one basket is always risky so one must distribute his investment in as much as denominations. Dividing investments among low risk to high risk options is a great way to deal with risks and at the end one can find balanced position for his investments. As we know low risk, low returns and high risk, high returns. One must be able to tackle with the risks if his intentions to get good returns.

No smart people are doing that, it's like gambling in my eyes. Even in gambling when we see a lot of games on board we do not just even put with one game as we put in different games to avoid losing directly.

It's a good strategy.. and just like gambling, investing your money will always be a risk. You just have to be careful or cautious where to put your money for investment.

I have been following the great warren buffet’s couple of rules while determining my investment or trading strategies, he says,

# 1. NEVER LOSE YOUR CAPITAL – Do whatever you want, invest or trade anywhere but make sure you are having your capital at the end of the day. It doesn’t matter if you don’t win but you should don’t lose your capital.

# 2. NEVER FORGET RULE NO # 1.

That's it, no big deal, just two simple rules.

Seems pretty simple to understand but how can we do it, when in investing or even in trading, we need to have a capital to start but we cannot ensure that we will be profitable at the end of the day, what if we lose our capita? What would be the approach then?

As far as my understandings I believe, these rules should be frames of any trading / investing strategies. We can determine any kind of trading strategy but we are suppose to pick the practices where there are least chances of losing capital or investing low amounts in high risk sectors. Putting all eggs in one basket is always a gamble (and that is also applicable for keeping all bitcoins in one wallet). Approach should be clear and simple, run as much and as you like but make sure your legs are safe at the end to run again next day.

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Quote from: freedomgo on November 25, 2016, 10:57:18 PM

Quote from: TheGodFather on November 25, 2016, 10:08:50 PM

Quote from: Mario274 on November 25, 2016, 02:18:06 PM

The best way to manage money - is to invest in their projects with minimal risk. But in investing activities mainly there is always a risk.

like what activities??? i guess it much better if you invest your money and have a collateral and make it grow by dividing your money into half so you can invest the other half here online like gambling sites bank roll they're offering stable income and thats great because you can have a profit more stable than using it on activities like you said example networking. right ?

Investing in gambling sites are good, they will ensure you great returns if you have patience. Not necessarily you put all your money, just enjoy the other type of investment.

Yeah this is the hype now that investing in bankroll casino's are good way to manage your investment and as well as your money.

Instead of making it wagered in gambling games, just manage it to invest and trust it to gambling sites.

You are safe, you get profit and ROI.

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Quote from: Dudeperfect on November 25, 2016, 11:21:37 PM

Quote from: arseaboy on November 25, 2016, 11:48:42 AM

Quote from: mirakal on November 25, 2016, 01:59:25 AM

Quote from: Dudeperfect on November 25, 2016, 01:23:06 AM

Quote from: BlokF4No27 on November 24, 2016, 10:55:12 PM

The best way is to divide our money in some places, don't just put it in one place. We should also have to be investing for the future, the investment could form real like stock, land, gold and more. Bitcoin is one alternative investment for long term.

Putting all eggs in one basket is always risky so one must distribute his investment in as much as denominations. Dividing investments among low risk to high risk options is a great way to deal with risks and at the end one can find balanced position for his investments. As we know low risk, low returns and high risk, high returns. One must be able to tackle with the risks if his intentions to get good returns.

No smart people are doing that, it's like gambling in my eyes. Even in gambling when we see a lot of games on board we do not just even put with one game as we put in different games to avoid losing directly.

It's a good strategy.. and just like gambling, investing your money will always be a risk. You just have to be careful or cautious where to put your money for investment.

I have been following the great warren buffet’s couple of rules while determining my investment or trading strategies, he says,

# 1. NEVER LOSE YOUR CAPITAL – Do whatever you want, invest or trade anywhere but make sure you are having your capital at the end of the day. It doesn’t matter if you don’t win but you should don’t lose your capital.

# 2. NEVER FORGET RULE NO # 1.

That's it, no big deal, just two simple rules.

Seems pretty simple to understand but how can we do it, when in investing or even in trading, we need to have a capital to start but we cannot ensure that we will be profitable at the end of the day, what if we lose our capita? What would be the approach then?

Dudeperfect

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Quote from: arseaboy on November 25, 2016, 11:48:42 AM

Quote from: mirakal on November 25, 2016, 01:59:25 AM

Quote from: Dudeperfect on November 25, 2016, 01:23:06 AM

Quote from: BlokF4No27 on November 24, 2016, 10:55:12 PM

The best way is to divide our money in some places, don't just put it in one place. We should also have to be investing for the future, the investment could form real like stock, land, gold and more. Bitcoin is one alternative investment for long term.

Putting all eggs in one basket is always risky so one must distribute his investment in as much as denominations. Dividing investments among low risk to high risk options is a great way to deal with risks and at the end one can find balanced position for his investments. As we know low risk, low returns and high risk, high returns. One must be able to tackle with the risks if his intentions to get good returns.

No smart people are doing that, it's like gambling in my eyes. Even in gambling when we see a lot of games on board we do not just even put with one game as we put in different games to avoid losing directly.

It's a good strategy.. and just like gambling, investing your money will always be a risk. You just have to be careful or cautious where to put your money for investment.

I have been following the great warren buffet’s couple of rules while determining my investment or trading strategies, he says,

# 1. NEVER LOSE YOUR CAPITAL – Do whatever you want, invest or trade anywhere but make sure you are having your capital at the end of the day. It doesn’t matter if you don’t win but you shouldn’t lose your capital.

# 2. NEVER FORGET RULE NO # 1.

That's it, no big deal, just two simple rules.

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Quote from: TheGodFather on November 25, 2016, 10:08:50 PM

Quote from: Mario274 on November 25, 2016, 02:18:06 PM

The best way to manage money - is to invest in their projects with minimal risk. But in investing activities mainly there is always a risk.

like what activities??? i guess it much better if you invest your money and have a collateral and make it grow by dividing your money into half so you can invest the other half here online like gambling sites bank roll they're offering stable income and thats great because you can have a profit more stable than using it on activities like you said example networking. right ?

Investing in gambling sites are good, they will ensure you great returns if you have patience. Not necessarily you put all your money, just enjoy the other type of investment.

TheGodFather

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Quote from: Mario274 on November 25, 2016, 02:18:06 PM

The best way to manage money - is to invest in their projects with minimal risk. But in investing activities mainly there is always a risk.

like what activities??? i guess it much better if you invest your money and have a collateral and make it grow by dividing your money into half so you can invest the other half here online like gambling sites bank roll they're offering stable income and thats great because you can have a profit more stable than using it on activities like you said example networking. right ?

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Quote from: Ziskinberg on November 25, 2016, 09:42:23 PM

Quote from: alexsandria on November 25, 2016, 09:10:05 PM

Quote from: tommorisonwebdesign on March 16, 2016, 01:16:10 PM

So I have seen a lot of topics relating to different methods of managing money ("How to earn Bitcoin, "How to save money") and the likes. Now I would like to see what are the best ways people can come up with in regards to managing their money. I find creating a budget is one of the fundamentals of managing money. If you have no records, you can't know exactly how much money you have to spend each month. Another piece of advice I would like to give to people is to not use your credit card unless you're able to pay it off in full at the end of the week.

Any input?

The best way to manage money is to invest 50% of it wether in trading it altcoin.Then the another 50% should be saved for the rate of bitcoin as it continue rising its rate. Also, never put a money in an investment whom you do not know more about.

I like the idea of diversifying your investment but I do not like the allocation. Seems too big and only divided into two, investment does not limit only online because there's a lot of investment in the real world like having your own business.

It's too risky here, you cannot put all your money at risk.

agree with you. i think its a good idea if we have split our money with the online business and offline business. if you have your bitcoin and altcoin, better its still on the each of wallet and for the offline business, i think it would be good to not use it for the online business so we can have two type of investment and its work by each of them and give a good profit for us.

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Quote from: alexsandria on November 25, 2016, 09:10:05 PM

Quote from: tommorisonwebdesign on March 16, 2016, 01:16:10 PM

So I have seen a lot of topics relating to different methods of managing money ("How to earn Bitcoin, "How to save money") and the likes. Now I would like to see what are the best ways people can come up with in regards to managing their money. I find creating a budget is one of the fundamentals of managing money. If you have no records, you can't know exactly how much money you have to spend each month. Another piece of advice I would like to give to people is to not use your credit card unless you're able to pay it off in full at the end of the week.

Any input?

The best way to manage money is to invest 50% of it wether in trading it altcoin.Then the another 50% should be saved for the rate of bitcoin as it continue rising its rate. Also, never put a money in an investment whom you do not know more about.

I like the idea of diversifying your investment but I do not like the allocation. Seems too big and only divided into two, investment does not limit only online because there's a lot of investment in the real world like having your own business.

It's too risky here, you cannot put all your money at risk.

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Quote from: tommorisonwebdesign on March 16, 2016, 01:16:10 PM

So I have seen a lot of topics relating to different methods of managing money ("How to earn Bitcoin, "How to save money") and the likes. Now I would like to see what are the best ways people can come up with in regards to managing their money. I find creating a budget is one of the fundamentals of managing money. If you have no records, you can't know exactly how much money you have to spend each month. Another piece of advice I would like to give to people is to not use your credit card unless you're able to pay it off in full at the end of the week.

Any input?

The best way to manage money is to invest 50% of it wether in trading it altcoin.Then the another 50% should be saved for the rate of bitcoin as it continue rising its rate. Also, never put a money in an investment whom you do not know more about.

Topic: Best way to manage money? - page 6. (Read 61099 times)