Get, Save & Invest. - page 9. | Bitcointalksearch.org

Scripture

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

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.

Investments doesn't guarantee any return, its risky and you have to consider that before doing your investment.
Its just like putting up a business that you can't know either it will succeed or not so there's always a risk.
We should always have the plan, how to get the money, and how to invest it because if there's no plan you can't make it, so start with the very basic and be more consistent.

abel1337

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Quote from: _act_ on May 05, 2022, 03:11:24 PM

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

The worse of all is saving money in fiat banks, that money will loose value in no time at all.

This is even lose money because fiat will lose value like you said.

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

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.

Fiat? That is no
Bitcoin? That is yes. But better to study the market, know the history before investing.
Gold? That is yes. It is the save haven.
Business? That is yes

What is most important is to never hold fiat in bank.

I personally hold some fiat in the bank, I have that much in my bank but I store some for my personal bills like subscriptions. To be honest banks are just too convenient to use, But I make sure not to put a lot of money in my bank because taking a large amount from banks is a hassle in my country, I've been flagged before just getting about $8,000 usd at once in my account, It's a bad experience. I'm using banks now just for convenience. I save money by purchasing asset such as gold, I consider gold as a stable asset not an investment btw. Most of my assets are in crypto and It's been growing since, That's why I consider my crypto portfolio as an investment.

Falconer

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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.

goaldigger

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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.

You can also add the option GIVE, because its really good to help other people as well even if you are not that successful yet, because the more you give the more you can get when good karma hits you.

Anyway, have a budget on this or a plan about the percentage on where to put your money, don’t just save its better if you know how to diversify the money that you get properly. Those who have plans and strategies always succeed on this, plus their endless commitments so they can achieve their success.

Lanatsa

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Quote from: _act_ on May 05, 2022, 03:11:24 PM

What is most important is to never hold fiat in bank.

Impossible thing to be done by most people unless if they would really be holding through cold cash into their own room or vault.Doesnt matter on which way we do able to earn our money but much sure that

people would still end up on storing up their cash or fiat into banks whenever they had accumulated too much.Some might really be considering out on crypto form but for sure security and trust isnt something

that would really be that common for most people specially towards crypto.Into those words above then yes it could be possible but actually its not something that easy to be done by someone.

gantez

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

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.

This is the most important stage in the life of human. You have to think of how to invest the money you have so that in the future you can fall back to it. This stage deserve more careful not to invest wrongly. Many people have failed in this stage because of wrong decision and investment that didn't bring profit.

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.

In my experience many people stop at the saving stage of the cycle that you've pointed out. There is a massive lack of education and a (very real) fear of the risk that comes with investing in the next stage. However it's kind of a paradox, because the longer you invest for the more your risk goes down. Like many things in life, consistency is key as if you keep investing the same amount each month you will be able to get through all the peaks and troughs in the market to get the average in the end. That average market return (which should ideally be an all-share accumulating fund) will be better than any savings rate you'll find at a reliable bank and is what everyone should be researching.

jossiel

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In saving, you're practicing the discipline on how to become responsible with the hard earned money you've got. It's actually a good start if you're not an investor yet you're starting to make sure that your money is well spent.

And being an investor, it is being learnt in the process when you've come to understand that your money sleeping in the bank isn't going to multiply by just being there.

That's how you're going to be open in investing but, don't listen to all people that suggests specific platforms where to invest because as an inexperienced investor, you may fall to scam investments and that's why before investing you need to make your own analysis and research where it's good to invest.

rossjamie

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If I save/invest my money in fiat, I rather use a compound interest deposit which is the best solution. Or if I invest in bitcoin, better I invest x% of my money, deposit it to paper it and forget it to somewhere. I feel compound interest deposit has more "real" usage than when I invest in bitcoin and of course, the value of bitcoin is already high I think so it's hard to get 1000% profit now

Odusko

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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 one's opportunity.

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

In wealth creation, there is no alternative to investment as a way to grow your money, most importantly good and profiting investment instead stock pilling money in your bank account that will yield little to no interest the fastest way to become more wealthy is to invest the money in lucrative ventures and projects that have future guarantee profits. Investment as the last stage of the circle makes the whole sense to attain financial freedom one needs to make a good investment.

_act_

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

The worse of all is saving money in fiat banks, that money will loose value in no time at all.

This is even lose money because fiat will lose value like you said.

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

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.

Fiat? That is no
Bitcoin? That is yes. But better to study the market, know the history before investing.
Gold? That is yes. It is the save haven.
Business? That is yes

What is most important is to never hold fiat in bank.

Rruchi man

legendary

Activity: 1414

Merit: 1104

Bitcoin Casino Est. 2013

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.

Topic: Get, Save & Invest. - page 9. (Read 1179 times)