Get, Save & Invest. - page 3. | Bitcointalksearch.org

Furious 7

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Quote from: jostorres on May 28, 2022, 09:28:53 AM

Depends, on the situation and on how much you already save because what if you got killed instantly? I don't think your money can save you. Another scenario is let say you will have to buy a food to eat for today but the money that you save yesterday, is still too little or not enough to cover the missing amount. You can't still but that food.

I think in this case the possibility is always there but when we save and save there of course this will still have an effect.
We certainly have families, especially for men who we still have to bear, let's not forget that death also now requires a lot of money, friends.

I think things like this should be seen as well but things like this are not an excuse for us to squander money while we are still in this world.
Spend as necessary for your needs and your desires. save the rest or make an investment because of course this is something to think about because we don't know whether we die or survive to old age.

Fortify

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Quote from: Rruchi man on May 05, 2022, 02:45:39 PM

Get Money - Save money - Invest money.
Follow the cycle and don't stop half way.

Get Money- Popular opinion is that you need money to get money, any contrary opinion?
Once you have started getting money the next objective should be how to get more.

Save money- To save money is good, another popular opinion to support this is that , the money you save today will save you tomorrow.
The problem however results when you just keep saving money pointlessly without any plans on how what to do with it, The worse of all is saving money in fiat banks, that money will loose value in no time at all.

Invest money- This for me is the last stage in the cycle that creates more money for you to be able to get more money. More money betters ones opportunities.

Follow the cycle, don't stop halfway at saving money.

Surprisingly a lot of people struggle on the first couple and rarely make it to the third one, except for maybe buying a property or accruing a pension. So many people around the world are in a type of lifestyle that lives from paycheck to paycheck, even if they're not buying junk and are able to set aside even a small amount on a regular basis, it can be hard psychologically to build the mindset of saving money. Once you get through that barrier, it is a whole other level of learning to be able to invest effectively, but sticking with a global index fund that covers as many of the big companies as possible with the lowest fees can really help build your pot up for retirement and you may even get there early.

Fesatmas

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This is the easy way, but not that easy to do. Sometimes the desire to do this must be blocked because of one's own ego. Yes, this is what I felt a few years ago, before I finally started to do it with a long process. But the results I can feel, maybe not significant but it is very valuable for my survival and future.

sovie

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Quote from: Viscore on May 28, 2022, 06:02:43 PM

Quote from: lienfaye on May 12, 2022, 08:49:30 PM

Quote from: Rruchi man on May 05, 2022, 02:45:39 PM

Get Money - Save money - Invest money.
Follow the cycle and don't stop half way.

I agree in this strategy. First is to get money through working hard, having a job can ensure that you'll get an stable income and much better if you also have an extra job to maximize the money that you can earn and save.

But its necessary that you know how to manage your money for the monthy budget, the amount to save and the amount that you'll invest. It doesnt mean we have to spend all our savings to invest, because its also hard to have no cash on hand in case of emergency.

Gaining through our investment takes time hence the money that you'll put on it must be the money that you can live without.

Just save for your life savings and for your life's investments and manage them well. That way, you will never be in trouble if you invest the funds intended for investments because even if you lose, you won't get rekt since you never spend those funds intended for your savings only. And what is important is that regardless of the amount you invest, you always invest in the right projects or investments because that is your goal, invest and grow your money.

Yes - that's nicely mentioned.
If one lives within their means - things are better.
Impulsive buying and unnecessary hoteling and wasting food brings one in trouble.

Viscore

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Quote from: lienfaye on May 12, 2022, 08:49:30 PM

Quote from: Rruchi man on May 05, 2022, 02:45:39 PM

Get Money - Save money - Invest money.
Follow the cycle and don't stop half way.

I agree in this strategy. First is to get money through working hard, having a job can ensure that you'll get an stable income and much better if you also have an extra job to maximize the money that you can earn and save.

But its necessary that you know how to manage your money for the monthy budget, the amount to save and the amount that you'll invest. It doesnt mean we have to spend all our savings to invest, because its also hard to have no cash on hand in case of emergency.

Gaining through our investment takes time hence the money that you'll put on it must be the money that you can live without.

Just save for your life savings and for your life's investments and manage them well. That way, you will never be in trouble if you invest the funds intended for investments because even if you lose, you won't get rekt since you never spend those funds intended for your savings only. And what is important is that regardless of the amount you invest, you always invest in the right projects or investments because that is your goal, invest and grow your money.

Gyfts

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Quote from: lovesmayfamilis on May 08, 2022, 11:01:49 AM

I would put it a little differently. I don't like the word "save". For me, this word is associated with poverty. But the expression "spend wisely" is more suitable. If a person has a goal or an idea for which they are going to save money, then there is motivation. But to deprive yourself of a lot to invest in the future, to be honest, I don’t see the point. No one knows how long your life will last, and depriving yourself of everything, constantly saving, at some point may seem very stupid.

For most of the world, large portions of the population live at or below the poverty line. Post COVID, plenty of middle income earners aren't able to keep their wages above the inflation rate. That is if their job was not eliminate due to COVID lockdowns.

You might not like save, but it describes a lot of people's situation right now.

jostorres

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Quote from: Rruchi man on May 05, 2022, 02:45:39 PM

Get Money - Popular opinion is that you need money to get money, any contrary opinion?

No you don't really. Nowadays there are so many ways to get money for free. I don't want to list them one by one because I know that the guys here already know it.

Quote

Once you have started getting money the next objective should be how to get more.

What if you are contented already? I guess it is now safe to stop. Money is not everything but there might still be other things that can make us more happy.

Quote

the money you save today will save you tomorrow

Depends, on the situation and on how much you already save because what if you got killed instantly? I don't think your money can save you. Another scenario is let say you will have to buy a food to eat for today but the money that you save yesterday, is still too little or not enough to cover the missing amount. You can't still but that food.

Sanitough

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Quote from: Falconer on May 05, 2022, 05:56:55 PM

Save while you can, invest while you can, and never push yourself to do both when there is no need. You need food, you need clothes, and you also need fun and that's why you need to meet your needs before saving and investing.

It's true that that way we will have a good hope of making a profit in the long run (depending on what investment assets we have), but we shouldn't do it just for the money because actually we still need to invest for health in the long term.

When all things is safe and secured, that's when we have to take the final part, investing. Although it's the most effective way to create more money more than your capital, but the process is quite detrimental that we need to take the risks and work under pressure. Good thing if we came up with the right investments as its expected to make you prosper, but if we are being fooled to believe in those investments with red flags, then all our savings will only go to waste. This is why sometimes investments should never be a priority, health first before wealth.

Ultegra134

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Am I the only one who doesn't understand the concept of investing? I've seen numerous threads recommending investing our money, since them sitting in a bank account does nothing, since inflation is way higher than the bank's interest. While I get the concept of investing in Cryptocurrencies, such as Bitcoin or Ethereum for instance, however, these are not generating a passive and steady income, since they're susceptible to price volatility. I'm not going to go to the extreme scenario of a complete market crash, which could potentially lead to a loss of funds.

What I mean is that buying Bitcoin, or any other coin, doesn't guarantee that your investment will pay off, since it could crash and take years to recover, a period which not many people might survive, while it would still be unclear if it results in a profit.

Don't get me wrong, I've been a supporter of Bitcoin since 2013-14, my point here is that buying Bitcoin, Ethereum, you name it, doesn't guarantee you a clear profit. For instance, if you put your money in staking stablecoins, you'll have a X APY which would result in Y amount of money earned per month/year.

tygeade

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Quote from: Nrcewker on May 23, 2022, 07:55:20 AM

You need to be very much frank regarding the Get Money thing, people often think that they will get money easily.
Whereas the real fact is that you need to work hard in order to get the money.
If here saving part has been spoken off, then I would like to elaborate on this matter.
The money you are getting every month, split it in 50:30:20 ratio, 50% is for all the basic needs, 30% is for the luxurious life style and the rest 20% on investments.
You can interchange the 30:20 things according to your need.
And yes if possible invest now on Bitcoins, as now is the best time to dive into the market.

I agree that "get money" part is the most difficult part because not all people could have a job that pays them amazingly well. I have a decent job for example, of course I am not living in yacths and skyscrapers or anything like that, I have a decent condo with 2 bedrooms and one car, and I do not have much debt, maybe I will have some this summer due to vacation, but that's about it and not that common.

These days everyone have debts and many people are underpaid as well, considering how inflation ruined everyone's finances, we are having so much trouble just surviving, let alone do anything else. So, it is not really that easy to get money.

lienfaye

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Quote from: Dhaniii on May 23, 2022, 11:53:08 AM

the standard of living for now has begun to be expensive, for daily needs it has become difficult let alone having to think about saving. I think it's technically correct according to the theory to get money you have to need money then take the money saved and set aside some to invest. but the reality is it is very difficult to get it now, especially with the current inflationary conditions.o

Inflation is inevitable and we have to face the reality. We need to find ways to maximize our earnings by working hard and finding additional job aside from our main.

We cant rely to anyone to help us so we need to help ourselves. If you're really determine, you can save little by little and invest if you want your money to work with you in the future.

Its not an easy thing to do thats why it depends on your will on how to make this happen.

Semar Mesem

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If anyone wants to buy bitcoin at a good price then buy it now, today the price dropped again below $30k and I've bought another around $265, I'm optimistic that by continuing to buy when there is a market correction it will make us get big profits. hold and patience is an important key to success and profit.

Dhaniii

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https://i.imgur.com/hgxNNiA.png

the standard of living for now has begun to be expensive, for daily needs it has become difficult let alone having to think about saving. I think it's technically correct according to the theory to get money you have to need money then take the money saved and set aside some to invest. but the reality is it is very difficult to get it now, especially with the current inflationary conditions.

Nrcewker

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Activity: 2268

Merit: 539

Quote from: Rruchi man on May 05, 2022, 02:45:39 PM

Get Money - Save money - Invest money.
Follow the cycle and don't stop half way.

You need to be very much frank regarding the Get Money thing, people often think that they will get money easily.
Whereas the real fact is that you need to work hard in order to get the money.
If here saving part has been spoken off, then I would like to elaborate on this matter.
The money you are getting every month, split it in 50:30:20 ratio, 50% is for all the basic needs, 30% is for the luxurious life style and the rest 20% on investments.
You can interchange the 30:20 things according to your need.
And yes if possible invest now on Bitcoins, as now is the best time to dive into the market.

og kush420

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Quote from: kawetsriyanto on May 16, 2022, 07:58:07 PM

Sure. Saving and Investing are very different. Saving plans to keep the money without expecting to double it. While investing targets to double the amount of money with a certain way/strategy. That's why OP classified them on a different level. The first level is earning or getting money, the second level is saving money, and the last level is investing money. For me, this means, we only invest money whenever we have extra money. So, if we only have money for the basic necessities, don't force ourselves to invest. Just wait for someday when we already have an extra money. Wink

It's easy to preach saving but it's very difficult to actually do it.
The region where I live - people don't have much left after paying bills and monthly rents.
So it's very difficult for a person to actually do this dreamy act of saving and investing...

kawetsriyanto

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Free Bitcoins Every Hour!

Quote from: bitzizzix on May 12, 2022, 12:53:35 AM

Saving and investing are two different things, saving can be interpreted by setting aside a certain amount of money to be saved and the money can be used at any time if needed. While investment can be defined as investment activity within a certain period of time with the hope that the use of the capital can generate profits or increase in value.

Sure. Saving and Investing are very different. Saving plans to keep the money without expecting to double it. While investing targets to double the amount of money with a certain way/strategy. That's why OP classified them on a different level. The first level is earning or getting money, the second level is saving money, and the last level is investing money. For me, this means, we only invest money whenever we have extra money. So, if we only have money for the basic necessities, don't force ourselves to invest. Just wait for someday when we already have an extra money. Wink

milewilda

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Quote from: og kush420 on May 16, 2022, 01:22:45 PM

Quote from: endut15 on May 14, 2022, 01:20:22 PM

Saving money for future plans is very appropriate. As you said, the way to make money work for us is by investing. By investing money it automatically moves and benefits us for a certain period of time. Of course all have risks, in investing the biggest risk is loss. But everything has a solution, don't think anyone will get rich in a short time. So we should invest in potential altcoins like BNB and Etherum, or Bitcoin. Especially with inflationary conditions like this, if other people withdraw their assets due to financial needs due to unstable economic incentives, then we take steps to invest in them for the long term.

Seems like a an easy thing to say - but it is hardest to do.
Everyone wants save - invest and gain profit but most of the people fails in achieving their plans. Anything which comes in handy and can help achieve the goals.

Well said on which when you are already on the actual situation or scenario then you would really be finding it to be hard to be done specially if your salary or income source wont really be enough for you to make out some savings even if you wanted to which means that you wont really be having no choice but to find another source of income for you to make more money but this would be an another
problem for you to find on but once you do have take a good grasp of everything then it would really be giving out that opportunity for you to have a better finance situation.

og kush420

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Quote from: endut15 on May 14, 2022, 01:20:22 PM

Saving money for future plans is very appropriate. As you said, the way to make money work for us is by investing. By investing money it automatically moves and benefits us for a certain period of time. Of course all have risks, in investing the biggest risk is loss. But everything has a solution, don't think anyone will get rich in a short time. So we should invest in potential altcoins like BNB and Etherum, or Bitcoin. Especially with inflationary conditions like this, if other people withdraw their assets due to financial needs due to unstable economic incentives, then we take steps to invest in them for the long term.

Seems like a an easy thing to say - but it is hardest to do.
Everyone wants save - invest and gain profit but most of the people fails in achieving their plans. Anything which comes in handy and can help achieve the goals.

endut15

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Saving money for future plans is very appropriate. As you said, the way to make money work for us is by investing. By investing money it automatically moves and benefits us for a certain period of time. Of course all have risks, in investing the biggest risk is loss. But everything has a solution, don't think anyone will get rich in a short time. So we should invest in potential altcoins like BNB and Etherum, or Bitcoin. Especially with inflationary conditions like this, if other people withdraw their assets due to financial needs due to unstable economic incentives, then we take steps to invest in them for the long term.

Rockstarguy

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God is great

Quote from: Rruchi man on May 05, 2022, 02:45:39 PM

Get Money - Save money - Invest money.
Follow the cycle and don't stop half way.

Get Money- Popular opinion is that you need money to get money, any contrary opinion?
Once you have started getting money the next objective should be how to get more.

Save money- To save money is good, another popular opinion to support this is that , the money you save today will save you tomorrow.
The problem however results when you just keep saving money pointlessly without any plans on how what to do with it, The worse of all is saving money in fiat banks, that money will loose value in no time at all.

Invest money- This for me is the last stage in the cycle that creates more money for you to be able to get more money. More money betters ones opportunities.

Follow the cycle, don't stop halfway at saving money.

I'm still thinking if this principle can work for the middle class people we have in the society, we all know how inflation is affecting the economy and it is also affecting the poor. Some of the companies and organisations the salaries of workers have shorten and the allowance is no more enough to cover up all the bills, how would someone in this state be able to save money when their is a lot to be solved with money. Before the money comes their things already budgeted to be solved with money, savings can be the most difficult thing to think about.

Topic: Get, Save & Invest. - page 3. (Read 1157 times)