Dividing your salary. - page 43. | Bitcointalksearch.org

Ctn

sr. member

Activity: 644

Merit: 259

Quote from: Lyancy001 on August 14, 2017, 07:49:38 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 am employee as well and I don't really spend "percentage" of my salary but I spend money which is left over after my expenses are gone. For example, being in different city than my home town I live in rented apartment, so after the salary I will pay for it. Then my mutual funds are withdrawn by the bank and then I also stock up food for one month. After cutting all these whatever is left with my bank account I will put it straight into my bitcoin wallet. Now thats the best strategy and with this you can easily balance your earnings. Don't go for solid percentage instead compete your needs first then look out for bitcoin.

Serco

sr. member

Activity: 1050

Merit: 250

First calculate the need you need to adequately out of it and reserve your salary to face the unexpected affair that requires funds from the salary. Then from there you just calculate what percentage you need to invest.

bcnaranjo

full member

Activity: 154

Merit: 100

This is so true, but I invest a portion of my salary in excess of our monthly expenses. I just hope this will go big in the future.

Nivir

hero member

Activity: 868

Merit: 506

It also depends on how much you are willing to invest out of your salary, let's say 25% out of your salary then the rest would be your needs but if you can't sacrifice the 25% out of salary you can always adjust them at a much lesser percentage depending on your comfortability.

nexus99

legendary

Activity: 910

Merit: 1000

Don't invest the bigger part of your salary, keep it as a back up. Invest what you can afford to lose, as it has been said before. Better to begin with small amounts

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: Lyancy001 on August 14, 2017, 07:49:38 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?

Depending on you, lets say you do have a 15% allocated for fiat savings then i would say putting 5% to bitcoin would be a good move and dont tend to put all those savings because even bitcoin is soaring up high its price as of now theres still no assurance that it would still be kicking on upcoming years which means we are putting our money into a risk but well any investments on this world would really have always comes with risk and you should really be prepared on that one.

drives

brand new

Activity: 0

Merit: 0

70% - goes to all necessary expenses. Rental, utilities, etc.
25% - is allocated flexibly for other misc. expenses.
only 5% - goes to all financial concerns like savings and investment.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: Lyancy001 on August 14, 2017, 07:49:38 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?

Its obvious this decision of yours is unconnected to the increase in the price of bitcoin but at the same time you need to be careful in as much its not encouraged to fully rely on salary, it is equally important not to gamble it before the pay day because in the industry you are planning to foray into, there high chance of volatility which same will not happen to your salary as that can still keep the body mind and soul together before the next pay day. So, I would suggest you get your priorities right and allocate a portion of your salary that its untouched to bitcoin. My opinion.

Intersan

hero member

Activity: 641

Merit: 505

Quote from: Lyancy001 on August 14, 2017, 07:49:38 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?

Your idea is great, much better to divide your salary in investing and for your daily needs or some of your salary was used in other way of earning profit using crypto-currency. This is because crypto-currency are not stable and maybe it will fall, atleast you have another source of income. And I suggest that don't focus on one kind of making a profit instead learn/study and masteral to make a huge income and profit. And after that manages your money and use enough for your needa if you want to become rich because crypto-currency will help us to survived.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: Lyancy001 on August 14, 2017, 07:49:38 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?

its depend on you, how much you want to use your salary, there is no exact amount to do this. maybe you can use like 40:60, 40 is for bitcoin and 60 is for your needs. i think its enough to start and my suggestion is when you start to deposit for once, don't deposit again in the other time but use your first deposit to develop or manage or find the profit so in the end, your base balance can be grow and you can make withdraw.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: Lyancy001 on August 14, 2017, 07:49:38 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 can't really give you a percentage. and it is wrong to say it based on your salary, you should consider it as a percentage of the "remainder" of your salary after costs.
for example if you have loan payments, groceries, bills, ... you pay all of them and what remains you have for investment. from that amount you decide how much risk you are willing to take on that amount. then come up with your percentage.

for example if you get paid $1000 and your expenses are $800, your investment amount is $200. now if you want to take big risks, you invest all that $200 in bitcoin. if smaller then you invest $150, $100, $50,... in bitcoin.

KennyR

hero member

Activity: 2310

Merit: 532

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

There is no need of a complicated division with the salary. Already you'll be having a certain percentage from the salary as saving. Because what users earn as a profit from the savings made regularly made from the salary is very low compared to the same amount saved in terms of bitcoin. So just move the savings to bitcoin that's more than enough for a bigger future.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Lyancy001 on August 14, 2017, 07:49:38 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?

For me if you could invest 10-20% from your monthly salary then if would do good for you. Any less than that could be a disadvantage because you need to invest more instead of wasting your precious salary on nothing. Just try to budget and everything and least allocate a portion for bitcoin investment.

Quote from: orions.belt19 on August 15, 2017, 12:12:58 AM

It depends on your priorities but you may want to try the 50-20-30 rule which is really efficient for budgeting. This is how I allocate my earnings:

50% - goes to all necessary expenses. Rental, utilities, etc.
20% - goes to all financial concerns like savings and investment. It's up to you if you want to make it 10/10 savings and investment or 5/15 savings and investment.
30% - is allocated flexibly for other misc. expenses. If I want to buy new shoes or clothes, I only use up the 30% of my earnings.

This may work for others, but not for everyone. Maybe you'd want to come up with your own budgeting rule which would fit your own needs and priorities but for me, those three divisions are the basic categories that one must consider. Just remember to only invest what you can afford because there is a risk in investing. Also, set aside for emergencies.

This is a good number to begin with. And yeah, just invest what you can afford so that you can't really touch it because bitcoin investment is for long term. Just let your bitcoin sit in your wallet and in about a year or 2 you will surely made a lot of profit from this method. Goodluck to you and I'm happy to see people really seeing bitcoin as a another portfolio instrument.

DaMut

sr. member

Activity: 1274

Merit: 263

dividing your salary is ok,buy you can not take it more than 10%.
if you do that,you will get rekt soon.
believe it or not it is up to you,
doing a trade is a high risk,you can lose it in a second.that is why many people said this 'play it if you can afford to lose it'
that mean,you can multiple your money if you're lucky enough but you also can lose it if you're not lucky.
so in conclusion,
do not take it much from your salary if you don't have financial back up,
or take more job and use a salary from that sub job as a capital for your trading.

orions.belt19

full member

Activity: 686

Merit: 146

It depends on your priorities but you may want to try the 50-20-30 rule which is really efficient for budgeting. This is how I allocate my earnings:

50% - goes to all necessary expenses. Rental, utilities, etc.
20% - goes to all financial concerns like savings and investment. It's up to you if you want to make it 10/10 savings and investment or 5/15 savings and investment.
30% - is allocated flexibly for other misc. expenses. If I want to buy new shoes or clothes, I only use up the 30% of my earnings.

This may work for others, but not for everyone. Maybe you'd want to come up with your own budgeting rule which would fit your own needs and priorities but for me, those three divisions are the basic categories that one must consider. Just remember to only invest what you can afford because there is a risk in investing. Also, set aside for emergencies.

Farfenkugel

member

Activity: 78

Merit: 10

Like someone said before me, only invest what you can afford to lose.

As good as it may seem, you can always lose. You would be suprised to see how many people lose money in trading or other programs. i joined crypto trading a few months ago wich looked very promising so i invested some in to alt coins and then unfortunaly someone tried to hack me and i ended up freezing my trading program. Unable to withdraw any balance when hard fork happened followed up with bitcoin going to the moon and altcoins going down. So i can be assured that it will take atleast 3 or more months until i have a chance of getting my investment back because of the situation.

So i advice you to calculate the risk and think things over before you invest.

Bitmedrano040117

sr. member

Activity: 462

Merit: 251

Quote from: Lyancy001 on August 14, 2017, 07:49:38 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.

daffaco

newbie

Activity: 37

Merit: 0

Quote from: Lyancy001 on August 14, 2017, 07:49:38 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?

Please you can mark this word, you can try to invest what you afford to lose. Who cares how many amount that will be invested on the cryptocurrency.
You must try to calculate how many amount from your salary to invest in the cryptocurrency. And you can do anything with the remaining amount.

The Sceptical Chymist

legendary

Activity: 3500

Merit: 6981

Top Crypto Casino

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.

Lyancy001

full member

Activity: 126

Merit: 100

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?

Topic: Dividing your salary. - page 43. (Read 18196 times)