Dividing your salary. - page 38. | Bitcointalksearch.org

avikz

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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 won't recommend you to only buy bitcoin with your salary and save it. try to earn bitcoins from various sources and then save it all. There are many ways to earn bitcoin like Signature campaign, Gambling and trading. Try any of these methods which suits you and accordingly save your earned bitcoins.

IF you want to use your salary income to buy bitcoin, then I won't suggest you to go beyond 8-10% only. Like any other investment, start a SIP which is known as Systematic Investment Plan for bitcoin. Invest a certain amount at a certain interval. It will average out your bitcoin purchase price and give you a good amount of profit in long term.

hulla

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As for me. I will invest 70% of my salary into bitcoin and use the 30% for my day to day expenses. Because bitcoin always have a way of making people in the future.

ahmia39

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At beginning i knew bitcoin, i always divide about 15% from my income to invest in crypto, because i have it also for trading. So, my bitcoin gets faster. and what i remember was the last btc purchase using fiat around march 2017. I feel i've seen enough bitcoin on the wallet.

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Quote from: lllaqpt on August 28, 2017, 08:59:58 AM

I allocate about 7-10% of my salary for investment. This scheme allows you to close all my needs with the help of a salary and helps to invest in your future so that you do not need money.

7-10% is realistic amount that we can do for investment because we can use our payment for another thing in our real life. from that percentage, if you are serious then i am sure you can make money from both source income and in future, you don't have to dividing your salary for your next investment or deposit.

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Quote from: stromae on August 28, 2017, 11:15:55 AM

Quote from: Shutup on August 28, 2017, 11:00:49 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?

Before my pay out my salary alzready divided for my family needs.But most of all I want to provide all my needs because its so hard to budget a short moneyIts really good to have percing cap.

I can't cope with this. Every month, I promise that I will buy cryptocurrencies with some portion of my salary. Then I spend all of my salary on my rental fee, bill payment, family spendings, personal spendings etc.

If you really can manage it, I strongly admire you guys for doing this.

Thats why it depends on peoples situations. some have decent extra money and don't have one. if you find yourself in a situation where you can't buy bitcoin because your

income is only fitted for your expenses. what you have to do instead of dividing your salary. you will have to divide your time to earn bitcoins. i see that you're a part

of some signature campaign. since your income is enough for your expenses. you can easily save some of your income here.

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Quote from: xuan87 on August 28, 2017, 11:25:28 AM

I can't give you the percentage because, it is better to invest with the money you won't spend and I don't know how much leftover you gotta, it is recommended to spare your salary to buy crypto as investment, as you can see it is a very profitable yet easy to buy, not like stock which need a lot of money, but only invest what you afford to lose, don't used your daily need money to buy crypto

I was trying to spend half of salary into bitcoin for investment. If I was not committed with any of the personal Commitment.I will inverse my maximum salary for the investment.But now the price of bitcoin is keep on increasing.If that so,the price will reach all the peak including upcoming peak of 4500$.If I inverse my salary means,I will get some additional profit.

Linuld

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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?

This how can we tell without knowing how much you are getting per month. this all depends on your salary and how much expenditure you have per month. after dividing this how much money you left in that you can calculate and invest. the suggestion is don't take the risk just invest your extra money that's it. I also follow this method.

xuan87

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I can't give you the percentage because, it is better to invest with the money you won't spend and I don't know how much leftover you gotta, it is recommended to spare your salary to buy crypto as investment, as you can see it is a very profitable yet easy to buy, not like stock which need a lot of money, but only invest what you afford to lose, don't used your daily need money to buy crypto

stromae

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Quote from: Shutup on August 28, 2017, 11:00:49 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?

Before my pay out my salary alzready divided for my family needs.But most of all I want to provide all my needs because its so hard to budget a short moneyIts really good to have percing cap.

I can't cope with this. Every month, I promise that I will buy cryptocurrencies with some portion of my salary. Then I spend all of my salary on my rental fee, bill payment, family spendings, personal spendings etc.

If you really can manage it, I strongly admire you guys for doing this.

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?

Before my pay out my salary alzready divided for my family needs.But most of all I want to provide all my needs because its so hard to budget a short moneyIts really good to have percing cap.

Dontme

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That was true if you actually like to invest in bitcoin you must divide your salary and that was so difficult. In life of a employer sometimes the fixed salary is not enough to supply the needs but the most perfect thing to do now is how to increase your income daily. So, bitcoin will be the key. Let's say in 100% of your salary monthly your 60% will be on your daily needs (foods, current, water, for your gasoline, for your kids daily needs on school), your 20% is for your monthly bills (government taxes), 10% for your clothes, shoes or needs to wear everyday, 10% for your investment on bitcoin. That's how I manage my salary if ever.

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Quote from: lllaqpt on August 28, 2017, 08:59:58 AM

I allocate about 7-10% of my salary for investment. This scheme allows you to close all my needs with the help of a salary and helps to invest in your future so that you do not need money.

I use to inverse 50-75 % of my Income on bitcoin only. The price is low means I will use to brought the bitcoin as much as I can.If the price of bitcoin reaches the moon means, I use that time to sell all the holding bitcoin. I mostly use to sell the bitcoin only if that price is satisfied for me.

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Quote from: CODE200 on August 28, 2017, 08:56:20 AM

Quote from: Bitmedrano040117 on August 14, 2017, 09:47:24 PM

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 remember when I was an employee in the government, my expenses was higher than my salary. So, every time my salary comes it was so hard to budget my money. Consequently, I do cut loss my prime commodities to manage it properly.

Management is truly a key for someone to earn more and to have a bigger profit. Because as said the expenses and the income much have a corresponding value depending on the rate increased or changes depending on Bitcoin price or the trading in the market. It somehow can predict the success of a specific investment and could be a good thing to know specifically when you are going to set to invest in bitcoin trading as part of your way of earning Bitcoin.

Proper money management and together with a proper time management would really be the main thing should be focused on and speaking on allocating a percentage of your salary on bitcoin investment would really depend on how much money you do left after spending or dividing it already on your priorities because we cant really make calculation if we dont know on how much money we do have left and if you saw that it needs to cut some expenses then you should do it.

lllaqpt

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I allocate about 7-10% of my salary for investment. This scheme allows you to close all my needs with the help of a salary and helps to invest in your future so that you do not need money.

CODE200

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Quote from: Bitmedrano040117 on August 14, 2017, 09:47:24 PM

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 remember when I was an employee in the government, my expenses was higher than my salary. So, every time my salary comes it was so hard to budget my money. Consequently, I do cut loss my prime commodities to manage it properly.

Management is truly a key for someone to earn more and to have a bigger profit. Because as said the expenses and the income much have a corresponding value depending on the rate increased or changes depending on Bitcoin price or the trading in the market. It somehow can predict the success of a specific investment and could be a good thing to know specifically when you are going to set to invest in bitcoin trading as part of your way of earning Bitcoin.

rickadone

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Quote from: bitcoinisbest on August 26, 2017, 09:12:59 AM

Quote from: BingoDog on August 26, 2017, 03:53:46 AM

Everything depends on how big is your salary and what are your daily needs and overall monthly expenses. My advice would be that from the money that has left you when you covered all expenses you take about 10-15% and invest it in bitcoin. The rest you put in some other investment because it's not good to put all eggs in one basket.

Well to an extent you are correct that expenses as percentage will differ on the basis of salary you get. Higher the salary lower will be expenses % as such and vice versa. If you can somehow withdraw 10% of the salary and invest say 4% in bitcoin and rest 6% in altcoin will be a good move considering the returns of few good altocin in coming time be manifold. So you can get good returns from btc and form altcoin as well as per your investment.

It is always been a fantastic strategy to divide the salary. Make some portion for household, some for expenses, and you must have some fixed portion for investing in bitcoins and altcoins too. Altcoins and bitcoins are more yielders of profit than any other coins. You just have to invest smartly for that dividing salary must be a first step.

But dividing salary alone will not help in rough foreseeing. How effectively we applying other money management techniques will decide the final result. Still, I must agree that dividing salary must be a very first step of money management techniques.

lokpalnaik

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Savings and Investments is varying with person to person and varying with month after month based on the individual needs. so it would be better to allocate 5 to 10% and later money has earn money.

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Quote from: The Sceptical Chymist on August 14, 2017, 09:12:44 PM

I'd say up to 5% if you can do it. Take care of all your needs first, or else you'll end up having to sell and it may not be at the price you want. I'd get into a retirement plan too, if you can. Crypto is way more risky and bitcoin is at its all time high. You say we're heading for the moon, but we may already be there.

This this this. You need to take care of your needs first so that you can hold and not have to sell out early. Then you're making decisions out of desperation instead of thinking about what you're going to do next and the long-term road. I'd say it's important for you to always have a backup plan especially because cryptocurrency is such a sketchy investment. Seriously, you may make mad gains sometimes, but I feel like some people get lost in that and think that it suddenly becomes a reliable investment. Cryptocurrency should NOT be your primary investment, go get an IRA (I think that's what it's called).

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Quote from: GoodLuck2 on August 27, 2017, 03:16:07 PM

Quote from: rtinedal on August 27, 2017, 10:18:47 AM

If you divide your salary so you can invest in bitcoin. First of all, you need your own expenses before you invest in bitcoin useless because when you spend your money on bitcoin if you do not have the money for yourself. The only thing that you will use in bitcoin is not to jealous of others because they have a lot of profit in bitcoin because the profit bitcoin is planned not to enter.

Indeed! We need to divide our salary properly according to our needs and expenses. It is idiocy to invest more than you can afford in bitcoins. The first thing you need to do with your salary is to separate the amount that is required to run your house. Invest extra money or you can say your savings without affecting your daily needs into bitcoins.

To have a good budget plan for investment, saving and expenses, it is better to write all the things that you are paying whether it is everyday, every week or every month and because of that you can now have a better vision on how to manage your money. I always doing that and because of that i can monitor my cash flow and eliminate the things that i don't really need.

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Quote from: bustomi on August 27, 2017, 03:59:55 AM

It think it's still depend on you, you must calculate how much you need for living and for invesment, but i suggest 10% for invesment is still promising if pay it every month Wink

Strongly agree with this statement. Here many of comments just describing a particular scenario to this case but I think it all depends on the person who is doing this. Everyone better knows how much he/she want to fix for household, shopping and other for saving. But still it is quite better to have some portion, even it is a little, for investing on regular basis for better family standard growth.

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