Topic: How to save money. - page 164. (Read 345824 times)

Quote from: BTCevo on May 16, 2015, 07:26:17 AM

Generally, you should start to save in money, and only consider investing when you have a suitable stash. And you should not invest all of it. If you invest in a shop, for instance, and you encounter a loss, the business could still be worth continuing, in which case you need to invest more to keep it going. At your own discretion of course.

Most people can save some money, except at times when the luck goes against you, in which case you have to draw on saved money. Is that coffee at Waynes really necessary, or that last pint of lager?

The fact that bitcoin is sound money, and currently most probably will rise in value, and the probability of it's value going down is smaller, is in fact good for the small guy, the one who does not have enough to invest.

Its true that we need some cash to do investment but how are you going to invest if you didnt have that sum of money? I mean the real job payment is fit to them and they dont even know how to save their money anymore. How are they going to get their money and how much do they need to save it? I think for their cases it would be easy to save or do some investment

To have something to save or invest, you have to earn and not consume all. The idea is that if you have only a small sum, don't invest, just keep the value in the form of money. Bitcoin comes to mind, it is good money and there is no lower limit.

If you want to invest, you don't have to do a project like a shop on your own. You can take a share in a collective investment effort, a public stock company. With the internet brokers, you can play small, buying single shares with a very low cost. I don't say it is worth the bother, just that you can. There is no excuse for not saving or not investing nowadays. Either you want, or you don't want.

But the turnover from this low sum of money is not good enough, some people need fast money but the cost is low so they can get a big profit from it and can start to do things with that profit. And about share, that is not something you can buy easily because you need to pick which share is good and profitable and some profitable share need a high fund to buy

Erdogan

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Generally, you should start to save in money, and only consider investing when you have a suitable stash. And you should not invest all of it. If you invest in a shop, for instance, and you encounter a loss, the business could still be worth continuing, in which case you need to invest more to keep it going. At your own discretion of course.

Most people can save some money, except at times when the luck goes against you, in which case you have to draw on saved money. Is that coffee at Waynes really necessary, or that last pint of lager?

The fact that bitcoin is sound money, and currently most probably will rise in value, and the probability of it's value going down is smaller, is in fact good for the small guy, the one who does not have enough to invest.

Its true that we need some cash to do investment but how are you going to invest if you didnt have that sum of money? I mean the real job payment is fit to them and they dont even know how to save their money anymore. How are they going to get their money and how much do they need to save it? I think for their cases it would be easy to save or do some investment

To have something to save or invest, you have to earn and not consume all. The idea is that if you have only a small sum, don't invest, just keep the value in the form of money. Bitcoin comes to mind, it is good money and there is no lower limit.

If you want to invest, you don't have to do a project like a shop on your own. You can take a share in a collective investment effort, a public stock company. With the internet brokers, you can play small, buying single shares with a very low cost. I don't say it is worth the bother, just that you can. There is no excuse for not saving or not investing nowadays. Either you want, or you don't want.

BTCevo

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Generally, you should start to save in money, and only consider investing when you have a suitable stash. And you should not invest all of it. If you invest in a shop, for instance, and you encounter a loss, the business could still be worth continuing, in which case you need to invest more to keep it going. At your own discretion of course.

Most people can save some money, except at times when the luck goes against you, in which case you have to draw on saved money. Is that coffee at Waynes really necessary, or that last pint of lager?

The fact that bitcoin is sound money, and currently most probably will rise in value, and the probability of it's value going down is smaller, is in fact good for the small guy, the one who does not have enough to invest.

Its true that we need some cash to do investment but how are you going to invest if you didnt have that sum of money? I mean the real job payment is fit to them and they dont even know how to save their money anymore. How are they going to get their money and how much do they need to save it? I think for their cases it would be easy to save or do some investment

Dotakels

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Generally, you should start to save in money, and only consider investing when you have a suitable stash. And you should not invest all of it. If you invest in a shop, for instance, and you encounter a loss, the business could still be worth continuing, in which case you need to invest more to keep it going. At your own discretion of course.

Most people can save some money, except at times when the luck goes against you, in which case you have to draw on saved money. Is that coffee at Waynes really necessary, or that last pint of lager?

The fact that bitcoin is sound money, and currently most probably will rise in value, and the probability of it's value going down is smaller, is in fact good for the small guy, the one who does not have enough to invest.

Yeah thats right don't invest all of your money, and if you are invest you must continue until you can or your money will grow a lot or even if not a lot. And if the bitcoin price going up and down it will affect the other investment.

torrentheaven

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Quote from: BTCevo on May 15, 2015, 11:52:21 AM

Generally, you should start to save in money, and only consider investing when you have a suitable stash. And you should not invest all of it. If you invest in a shop, for instance, and you encounter a loss, the business could still be worth continuing, in which case you need to invest more to keep it going. At your own discretion of course.

Most people can save some money, except at times when the luck goes against you, in which case you have to draw on saved money. Is that coffee at Waynes really necessary, or that last pint of lager?

The fact that bitcoin is sound money, and currently most probably will rise in value, and the probability of it's value going down is smaller, is in fact good for the small guy, the one who does not have enough to invest.

Yeah try to reduce unwanted expenses or just postponed it for the future. Avoid starbucks coffee prepare it own your own at home. Go for jogging in early morning that will save your gym expenses, Walk and go to office that will save your transportation expenses small things can make a huge difference.

Erdogan

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Generally, you should start to save in money, and only consider investing when you have a suitable stash. And you should not invest all of it. If you invest in a shop, for instance, and you encounter a loss, the business could still be worth continuing, in which case you need to invest more to keep it going. At your own discretion of course.

Most people can save some money, except at times when the luck goes against you, in which case you have to draw on saved money. Is that coffee at Waynes really necessary, or that last pint of lager?

The fact that bitcoin is sound money, and currently most probably will rise in value, and the probability of it's value going down is smaller, is in fact good for the small guy, the one who does not have enough to invest.

umaOuma

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Quote from: Mikestang on May 15, 2015, 10:52:06 AM

Here's a good tip for saving money: any time you buy something on sale, take the money you saved and actually save it - put it in a savings account or buy bitcoin with it. If you don't actively save your savings, then you never really saved anything on the purchase.

Everyone know the tips and there is so many out there but no one can apply it why? Because their salary is just enough only for their living and their needs. We dont said about other people that have a lot of cash that can easily convert in bitcoin without do saving but for average people like me to save and invest what are you suggest for me to do?

I completely agree with you the average income person can't even think of saving and of investment just forget it inflation rate is so high that the salary is all spent in day to day expenses and at the end of month there is nothing left for savings the only thing he can do is wait for the next salary.

BTCevo

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Quote from: Mikestang on May 15, 2015, 10:52:06 AM

Here's a good tip for saving money: any time you buy something on sale, take the money you saved and actually save it - put it in a savings account or buy bitcoin with it. If you don't actively save your savings, then you never really saved anything on the purchase.

Everyone know the tips and there is so many out there but no one can apply it why? Because their salary is just enough only for their living and their needs. We dont said about other people that have a lot of cash that can easily convert in bitcoin without do saving but for average people like me to save and invest what are you suggest for me to do?

Mikestang

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Here's a good tip for saving money: any time you buy something on sale, take the money you saved and actually save it - put it in a savings account or buy bitcoin with it. If you don't actively save your savings, then you never really saved anything on the purchase.

BTCevo

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Quote from: Don007 on May 15, 2015, 09:27:03 AM

Quote from: BTCevo on May 15, 2015, 07:09:51 AM

Quote from: BTCevo on May 15, 2015, 07:09:51 AM

Investment doesn't sounds good at a initial stage. Saving in a bank is the best thing to do. As you can withdraw money at any stage of time in case of any emergencies and investing can prove a wrong decision so in savings you get less returns but those are assured returns.

Why it doesnt sounds good? Do you scare o doing investment because of your trauma or scare on a risk job? I guess everything that you do will always got risk. Saving in case of emergencies is good but you must see the future too, how much can you get from just saving in the bank? The interest is too low and you just need more time to be enough, it doesnt worth enough if you only do saving

The current interest over here is even less than 1%. That's not a big deal.. However, saving money to prepare for emergencies and other unexpected costs is always a good thing.

I think many people dislike investing because of the risk indeed. But hey, not all investments do have a huge risk.

Yes that is true that you need your saving money for emergencies but the interest is too low and still they continuing on saving like that. Investment is sure got high risk and the payout is good too so it will cover your emergencies too and I think it depends on what this money are going to use for each person

Dotakels

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Quote from: BTCevo on May 15, 2015, 07:09:51 AM

Investment doesn't sounds good at a initial stage. Saving in a bank is the best thing to do. As you can withdraw money at any stage of time in case of any emergencies and investing can prove a wrong decision so in savings you get less returns but those are assured returns.

Why it doesnt sounds good? Do you scare o doing investment because of your trauma or scare on a risk job? I guess everything that you do will always got risk. Saving in case of emergencies is good but you must see the future too, how much can you get from just saving in the bank? The interest is too low and you just need more time to be enough, it doesnt worth enough if you only do saving

Because they doesn't know the investment and their only focus on their job or in the present they. They not problem the future because in poor country you need to make money to have a everyday foods and you can buy your needs so that their just focus on the present day.

Don007

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Live like there is no tomorrow!

Investment doesn't sounds good at a initial stage. Saving in a bank is the best thing to do. As you can withdraw money at any stage of time in case of any emergencies and investing can prove a wrong decision so in savings you get less returns but those are assured returns.

Why it doesnt sounds good? Do you scare o doing investment because of your trauma or scare on a risk job? I guess everything that you do will always got risk. Saving in case of emergencies is good but you must see the future too, how much can you get from just saving in the bank? The interest is too low and you just need more time to be enough, it doesnt worth enough if you only do saving

The current interest over here is even less than 1%. That's not a big deal.. However, saving money to prepare for emergencies and other unexpected costs is always a good thing.

I think many people dislike investing because of the risk indeed. But hey, not all investments do have a huge risk.

BTCevo

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Quote from: Xenoph0bia on May 14, 2015, 12:27:14 PM

Investment doesn't sounds good at a initial stage. Saving in a bank is the best thing to do. As you can withdraw money at any stage of time in case of any emergencies and investing can prove a wrong decision so in savings you get less returns but those are assured returns.

Why it doesnt sounds good? Do you scare o doing investment because of your trauma or scare on a risk job? I guess everything that you do will always got risk. Saving in case of emergencies is good but you must see the future too, how much can you get from just saving in the bank? The interest is too low and you just need more time to be enough, it doesnt worth enough if you only do saving

Amph

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Saving money is a big deal nowadays. Its a very simple question but really difficult to answer it or implement it in a real life. The rate of inflation is increasing day by day and its becoming really difficult for an average person to save the money try to cut down your expenses that is the only possibility to save the money.

the problem arise with those people that have a so low salary that they can only afford the necessity thing and can't save anything, those people can't invest, their only option is to begg or work 16 hours a days

stromma44

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Investment doesn't sounds good at a initial stage. Saving in a bank is the best thing to do. As you can withdraw money at any stage of time in case of any emergencies and investing can prove a wrong decision so in savings you get less returns but those are assured returns.

Dotakels

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Quote from: dothebeats on May 14, 2015, 11:49:18 PM

Quote from: Dotakels on May 11, 2015, 11:03:02 PM

I think is better to invest than gambled. because in investment you can earn a big profit than gamling. but in gambling even if gambling and investment are both high risk. in gambling you can be addicted to it and you can loss a big money but in investment, how much you invest that will loss to you.

Quote from: Dotakels on May 12, 2015, 09:16:34 AM

I think investing is not a best way. Because you can loss your money that you have hard work for it. And we are talking about saving not how you can earned. My idea or my thread helps you how to do that. Just follow it and i assure you that you won't blame me.

Quote from: Dotakels on May 14, 2015, 11:07:39 PM

Theres so many types of saving. You can invest your income here to bitcoin investment and in the real life you may save your salary or vice versa. And its all depend on you what are you going to do with your money.

Yeah thats right you can't earn a big profit if you only save. But i said that your saving can spend what you want like make a business that 100% that can earn a big profit like having a rental house.

By the looks of it OP, you still aren't so sure about what method are you going to choose over the other. Personally, what method are you using right now? Saving, investing, or gambling? The progression of the thread is nice to read, but I noticed that you seem to change positions every now and then so I think I would ask you this question.

Hahha i just explained to them what its investing , saving and gambling are and its consequences. But i using right now is saving and i assure that you know why or to whom i'm saving.

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Quote from: Dotakels on May 11, 2015, 11:03:02 PM

I think is better to invest than gambled. because in investment you can earn a big profit than gamling. but in gambling even if gambling and investment are both high risk. in gambling you can be addicted to it and you can loss a big money but in investment, how much you invest that will loss to you.

Quote from: Dotakels on May 12, 2015, 09:16:34 AM

I think investing is not a best way. Because you can loss your money that you have hard work for it. And we are talking about saving not how you can earned. My idea or my thread helps you how to do that. Just follow it and i assure you that you won't blame me.

Quote from: Dotakels on May 14, 2015, 11:07:39 PM

Theres so many types of saving. You can invest your income here to bitcoin investment and in the real life you may save your salary or vice versa. And its all depend on you what are you going to do with your money.

Yeah thats right you can't earn a big profit if you only save. But i said that your saving can spend what you want like make a business that 100% that can earn a big profit like having a rental house.

By the looks of it OP, you still aren't so sure about what method are you going to choose over the other. Personally, what method are you using right now? Saving, investing, or gambling? The progression of the thread is nice to read, but I noticed that you seem to change positions every now and then so I think I would ask you this question.

Dotakels

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Quote from: hunnaryb on May 14, 2015, 03:43:38 PM

Quote from: BTCevo on May 14, 2015, 10:54:57 AM

Quote from: BTCevo on May 14, 2015, 08:54:47 AM

Quote from: Troonetpt on May 12, 2015, 08:34:18 AM

The easiest way to save money is to take a part of your salary saving in bank.
But it's not the best way. The best way is to invest something.

That is true invest on something is good enough but you need to pick a good one to invest and I think bitcoin is the good investment and give the good payout if you really maximize it. But why in other thread you are suggesting us to do saving rather than invest? That doesnt make any sense

Theres so many types of saving. You can invest your income here to bitcoin investment and in the real life you may save your salary or vice versa. And its all depend on you what are you going to do with your money.

Yes there are so many types of saving but saving is just saving. There is nothing else. Actually for now we are getting to invest in everything that we can and stop on spending too much so I guess it doesn't make your money increase just with saving. Because with just saving you can achieve anything in your life, the payout of saving is low. You can't do much with it

I completely agree with you..Saving is the best option if you want to gain something in future.. You can't afford to just dependent on the investment as it can also prove the wrong financial descision in the future so it is better to save and not invest at initial stage.

Yeah thats right you can't earn a big profit if you only save. But i said that your saving can spend what you want like make a business that 100% that can earn a big profit like having a rental house.

hunnaryb

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Quote from: BTCevo on May 14, 2015, 10:54:57 AM