Dividing your salary. - page 33. | Bitcointalksearch.org

DuaLipa

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Quote from: johnwest on September 25, 2017, 01:28:26 PM

I am just trying to convert all my earnings into crypto now. I exchange them to fiat or spend them when I need it. Otherwise, everything will be in crypto, mostly bitcoin and only sometimes it will be in my favorite altcoins. At least 35-40% of my earnings goes to savings.

This is very dangerous, even you like crypto that much, you need to save some fiat currency so that you don't cry if a major market crash happens ever.

johnwest

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I am just trying to convert all my earnings into crypto now. I exchange them to fiat or spend them when I need it. Otherwise, everything will be in crypto, mostly bitcoin and only sometimes it will be in my favorite altcoins. At least 35-40% of my earnings goes to savings.

ButtCrack

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Quote from: BitDiscussion on September 24, 2017, 04:06:53 PM

Quote from: cpfreeplz on September 23, 2017, 11:12:13 PM

I go for 10% as recommended by any finial professional when you mention saving for retirement. Of course they don't tell you to invest in cryptocurrencies but that's only because they're stuck in their old fashioned ways.

I think everyone has his own way of managing the things. In my opinion, divide your salary into three parts. One part to meet your daily based needs, second part as your saving and third part as investment in any business which you are okay with. The ration you can decide yourself. This is how I used to do the things.

But I usually put all my funds into a place when I know an opportunity can helps me make a big profit. Because, not easy to see it and have chance to take advantage that opportunity. However, I do not recommend anybody try like me Grin

ubeng07

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Quote from: henmark on September 25, 2017, 03:42:30 AM

Quote from: detector on September 19, 2017, 07:08:14 AM

Quote from: Lyancy001 on August 14, 2017, 08:49:38 PM

Hello, as we all know that Bitcoin is heading straight to the moon. Me, as an employee, do also invest with this cryptocurrency, and I kinda need to divide all of my salary for my needs, and on how much should I invest in? Let's talk about percentage. Anyone?

I'm usually spend about 10%~ 15% from my salary every month , depend on my mood actually.
Overall I can made some profit from bitcoin and I learn many things since I knew bitcoin

Every salaried person makes different parts of his salary. I divide my salary in following parts:
   10-20% for bitcoins investment.
   30-40% on household items (groceries, food and others)
   30% on education of my children.
   10% on my monthly medical expenses.
   5% on clothing.
   4% on travel.
   1% on others.

Youre way of dividing your salary is a smart way and you might tell that here you get all your needs that bitcoin can surely provide. for me the way i divide my salary is look closely with your pattern because i dont have job and yet i am getting here too all my needs for everyday and my family needs.

Duogembrot

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Quote from: Lyancy001 on August 14, 2017, 08:49:38 PM

Hello, as we all know that Bitcoin is heading straight to the moon. Me, as an employee, do also invest with this cryptocurrency, and I kinda need to divide all of my salary for my needs, and on how much should I invest in? Let's talk about percentage. Anyone?

I usually and often do the salary distribution with 70% percentage for bitcoin and altcoin and 30% for my life needs. I am more confident of putting my money in bitcoin and from bitcoin my money can be a lot.

Shiller2009

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Quote from: cpfreeplz on September 23, 2017, 11:12:13 PM

I go for 10% as recommended by any finial professional when you mention saving for retirement. Of course they don't tell you to invest in cryptocurrencies but that's only because they're stuck in their old fashioned ways.

I also consider 10% of my salary to be the best option for investing in crypto currency or other assets. Although many people do not have the same salary for a normal life, everything depends on the living conditions.

henmark

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Quote from: detector on September 19, 2017, 07:08:14 AM

Quote from: Lyancy001 on August 14, 2017, 08:49:38 PM

Hello, as we all know that Bitcoin is heading straight to the moon. Me, as an employee, do also invest with this cryptocurrency, and I kinda need to divide all of my salary for my needs, and on how much should I invest in? Let's talk about percentage. Anyone?

I'm usually spend about 10%~ 15% from my salary every month , depend on my mood actually.
Overall I can made some profit from bitcoin and I learn many things since I knew bitcoin

Every salaried person makes different parts of his salary. I divide my salary in following parts:
   10-20% for bitcoins investment.
   30-40% on household items (groceries, food and others)
   30% on education of my children.
   10% on my monthly medical expenses.
   5% on clothing.
   4% on travel.
   1% on others.

BitDiscussion

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Quote from: cpfreeplz on September 23, 2017, 11:12:13 PM

I go for 10% as recommended by any finial professional when you mention saving for retirement. Of course they don't tell you to invest in cryptocurrencies but that's only because they're stuck in their old fashioned ways.

I think everyone has his own way of managing the things. In my opinion, divide your salary into three parts. One part to meet your daily based needs, second part as your saving and third part as investment in any business which you are okay with. The ration you can decide yourself. This is how I used to do the things.

Savemore

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Quote from: Lyancy001 on August 14, 2017, 08:49:38 PM

Hello, as we all know that Bitcoin is heading straight to the moon. Me, as an employee, do also invest with this cryptocurrency, and I kinda need to divide all of my salary for my needs, and on how much should I invest in? Let's talk about percentage. Anyone?

When I invested my money in the trading, I divide my money in to two for me to invest both in bitcoins and altcoins. I know that both them are profitable so I divide my salary. I think the best percentage is 50%-50%.

OracionSeis

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Quote from: fullypak on September 23, 2017, 06:16:46 AM

Quote from: zidanw on September 23, 2017, 01:01:05 AM

It depends on your salary reduced by the cost of your life, if it is deducted then the rest can you invest in bitcoin, or if you are still in doubt because the value of bitcoin that does not guarantee always go up, or don't want to take risks by investing all your money in 1 investment only, you can take 30-60% only for invest in bitcoin.

Yup don't take a risk with investing more in bitcoins. Let's divide your salary and how much you left in that take 20% or 30% of the money and buy bitcoins. Because the price of the bitcoin is not always stable at a high price. We are not sure when it will come down and when it will go up. So before investing only, you can save some money and rest of the money you can invest.

However, I think the future of Bitcoin will be famous and it not cheap in that time. Therefore, buy and hold Bitcoin when I have money to buy it is my choice. Although I will have trouble when I buy it with current price, but I do not think in future I will be a loser

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cpfreeplz

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I go for 10% as recommended by any finial professional when you mention saving for retirement. Of course they don't tell you to invest in cryptocurrencies but that's only because they're stuck in their old fashioned ways.

Valzzz005

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Quote from: Lyancy001 on August 14, 2017, 08:49:38 PM

Hello, as we all know that Bitcoin is heading straight to the moon. Me, as an employee, do also invest with this cryptocurrency, and I kinda need to divide all of my salary for my needs, and on how much should I invest in? Let's talk about percentage. Anyone?
[/quote

It is actually up to you if how much you will invest. If you invest a half of your salary and it doesn't affect that much then it is a good thing. But if it will affect you daily budget then you don't want to starve just because you wanted to invest that much. Bitcoins today is having a problem because of banning of cryptocurrency in china. Which makes the value falls and that leads to a long investment because it will be a long time to recover its value again. So I suggest that you just wanted to invest just a 20-30% of you salary every month.

Shutup

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Quote from: Lyancy001 on August 14, 2017, 08:49:38 PM

Hello, as we all know that Bitcoin is heading straight to the moon. Me, as an employee, do also invest with this cryptocurrency, and I kinda need to divide all of my salary for my needs, and on how much should I invest in? Let's talk about percentage. Anyone?

Yes as of now,Im dividing my salary to the needs of my family especially my house.I want to fixed it little by little.As I go for compaigns,now Im expecting for my salary to the needs of my salary for my house and to stablish my own business to have a fix income of my hushband.Maybe I will steady at bitcoin because through this I can reach my goal to have a better life.And I think not just better but a rich life.That one of this days I can do all my plans in the future to reach all who needs to be save spiritually until where I could reach the budget.

erwan

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about 10% I invest my money into Bitcoin.
And all my savings in Bank I transferred to Bitcoin now.
I thought I would not miss this wonderful opportunity.

oegarod

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Recently got a job abroad. From the job, I could earn good for all my living needs. In less time due to some issues it went out of hands. On hearing about the new job planned of investing small amount from the salary into bitcoin. Things go out of our expectations same as the price.

fullypak

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Quote from: zidanw on September 23, 2017, 01:01:05 AM

It depends on your salary reduced by the cost of your life, if it is deducted then the rest can you invest in bitcoin, or if you are still in doubt because the value of bitcoin that does not guarantee always go up, or don't want to take risks by investing all your money in 1 investment only, you can take 30-60% only for invest in bitcoin.

Yup don't take a risk with investing more in bitcoins. Let's divide your salary and how much you left in that take 20% or 30% of the money and buy bitcoins. Because the price of the bitcoin is not always stable at a high price. We are not sure when it will come down and when it will go up. So before investing only, you can save some money and rest of the money you can invest.

karmamiu

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You know, sometimes in real life you need more money than what you are going to invest. As for an example your daily expenses you need some extra money for those just in case you've had a trouble in serious matters or emergency money. They said also spend what's left from your savings, rather than saved what's left from spending, sometimes its true sometimes the otherwise. You are the only one who can handle your own finances depending on your needs, but don't forget to invest. Risk what you can afford to lose.

Grim149x

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Invest in percentage what you can afford to lose. And invest it in a thing you have researched thoroughly and you have the biggest trust in.

zidanw

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It depends on your salary reduced by the cost of your life, if it is deducted then the rest can you invest in bitcoin, or if you are still in doubt because the value of bitcoin that does not guarantee always go up, or don't want to take risks by investing all your money in 1 investment only, you can take 30-60% only for invest in bitcoin.

Topic: Dividing your salary. - page 33. (Read 18160 times)