Topic: How to save money. - page 150. (Read 345783 times)

This is my first post. Please do respect

My post intention is to help readers to save their money.

Some of the employee are not saving their money. They spend it on things that they dont need. For example gadgets,buying a concert ticket, accesories, etc.Buying things that not they need is also like a wasting money. Because this thing give a happiness  not a good life. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .


The 1st way : cash reserves- medical insurance, retirement, life insurance  and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .

The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Thank you .
[qoute]


the best way to save the steam is that you invest in some real estate transactions that will make the payments.

In countries where you get paid more, standard of living is usually higher. In countries where you get paid less, standard of living is usually cheaper. Basically it means saving up money is never easy unless you get paid way above average in your country's level, or your situation is a special one (living with parents, inherited money... etc).

I would agree country is key.  Some have such low salary it is almost surprising to some.   But if they can make enough to live... that is better then the alternative.

If US then yes 25 dollars will be hard to build a nestegg for retirement.   But some countries 25 dollars you are pretty well off.  I'm hoping your in one of those.

I would agree country is key.  Some have such low salary it is almost surprising to some.   But if they can make enough to live... that is better then the alternative.

If US then yes 25 dollars will be hard to build a nestegg for retirement.   But some countries 25 dollars you are pretty well off.  I'm hoping your in one of those.

where do you live? usually in those place with low salary, the cost of living is low as well so the ratio will be about the same when you compare it to a better salary but a more expensive place

if this isn't the case and you can't find a better job, then you need multiple jobs to accomplish the same thing, for sure you can't savi anything with such amount

emmm 20% of my salary is only 25$

Then just means you need a better job or get some additional cash flow.

But overall most people dont have enough to pay their own medical insurance, since they are stacked against student loans and other misc daily debts.

I`d focus on how you can earn more, then just learning to save.

now broker handle bitcoin? maybe he use broker for trade his money and get profit but im confused if he invest in bitcoin. why he need broker to buy bitcoin

Not entirely true. The richest 1% in the world are just greedy banksters and swallow up everything for themselves by explotiing the poor and those who lend money from them. Many people live in poverty throughout the world without any hope of changing their life and that's not always their fault.

emmm 20% of my salary is only 25$

This is my first post. Please do respect

My post intention is to help readers to save their money.

Some of the employee are not saving their money. They spend it on things that they dont need. For example gadgets,buying a concert ticket, accesories, etc.Buying things that not they need is also like a wasting money. Because this thing give a happiness  not a good life. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .


The 1st way : cash reserves- medical insurance, retirement, life insurance  and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .

The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Thank you .

I don't think you really get the idea of inflation. Yes, 1 BTC is 1 BTC in 10 years. However, 1 dollar is also 1 dollar in 10 years.

Yes, you're right; you will loose purchasing power. But as the BTC is somehow linked to the dollar / euro (I mean, you can trade 1 BTC for dollars or euro's), this means BTC is harmed by inflation too:

When you sell 1 BTC for 300 dollar now, inflation will hit these 300 dollars and these dollars will be worth less in 10 years. But that's the same for your Bitcoins. If you BTC are worth $300 now, they will be worth about $200 in 10 years due to inflation. CETERIS PARIBUS!  I think it's hard for me to explain this, but as the BTC is linked to fiat, inflation will hit BTC too.

If the price of the BTC remains the same, you can buy more now than you can buy in 10 years with the same 1 BTC. Due to inflation.

very brilliant. good thingking.
that is very more benefit rather than using the money to somithing not important we do.
firstly necessity not we want.
may be everyone must to learning about how to use and saving the money, cause in globalisation era, manage times and money is important too.
look at the condition now. dollars going up and have fluctuations.

Not exactly, as far as I know, as of today, Coinbase allows citizens from 15 countries to buy BTC.
And that was exactly what I implied (or tried to), I cannot buy coins from them because my country is not listed yet.

I was talking about stock, not BTC. Perhaps, considering that in this country the only BTC vendors are those from sites like localbitcoins*, it is about the same that having to hire a broker. If I could buy stock directly, I would do it, but as far as I know it is not possible (only when companies put actions into market to be bought directly by average people -emission of shares?**- but that does not happen so often).

* I think sites like Coinbase allow you to buy/sell at the same price (based on the pictures posted in their FAQ), unlike localbitcoins where there is a difference of 15-20% between buy and sell prices.

** I am not sure how to say that in English.

fiat money is making our money worth less year by year salary doesnt raise as inflation soo we loose purchasing power of basic products soo bitcoin can loose or gain value but the ammount would keep the same 1 btc will be 1 btc in 10 years if not spended.Soo change from fiat to bitcoin can become the best way to save money