Topic: How to save money. - page 166. (Read 345824 times)

but if there are an emergency and you need those money, you can't get them because they are locked(if for fixed deposit you mean that) by the bank, also the return per year is very slim

i think it's better to create a business if you want to save money, then just simply invest them, in something that has low risk

for example you could buy things on ebay and sell those at a higher rate somewhere else

i think its better to invest your money 30-40% and save your money 60% to backup if you need anything
because an investment have risk to lose your money.

my example isn't exactly an investment, you could buy stuff that you need anyway and sell those at a higher price on some unknown market online, some random forum is ok too, the only problem is maybe scammers...

Nick Markus

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Quote from: Dotakels on May 09, 2015, 11:13:02 PM

Stop gambling, smoking, drinking and f**king. You ll save a lot of moni.

Drinking and f***ing is fine. Since we need to feel that we re human beings once in a while, but don't over do it.

Why stopping sex. No. Drinking and smoking, daily coffee drinking with buddies and weekly disco night are ok to reduce, but sex....

grandFX

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Quote from: grandFX on May 09, 2015, 12:23:47 PM

Quote from: grandFX on May 09, 2015, 12:23:47 PM

but if there are an emergency and you need those money, you can't get them because they are locked(if for fixed deposit you mean that) by the bank, also the return per year is very slim

i think it's better to create a business if you want to save money, then just simply invest them, in something that has low risk

for example you could buy things on ebay and sell those at a higher rate somewhere else

i think its better to invest your money 30-40% and save your money 60% to backup if you need anything
because an investment have risk to lose your money.

Have a great risk but have a greater return.But don't worry about your investment you can make a business so that you can take over your loss in investment to your business but don't make a many business that you can't handle so you can avoid deficit on your business.

thats right, i aggre with you.
high risk high return. of course
and you risk tolerance before investing.

Dotakels

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Quote from: nerFohanzo on May 08, 2015, 01:28:24 PM

but if there are an emergency and you need those money, you can't get them because they are locked(if for fixed deposit you mean that) by the bank, also the return per year is very slim

i think it's better to create a business if you want to save money, then just simply invest them, in something that has low risk

for example you could buy things on ebay and sell those at a higher rate somewhere else

i think its better to invest your money 30-40% and save your money 60% to backup if you need anything
because an investment have risk to lose your money.

Have a great risk but have a greater return.But don't worry about your investment you can make a business so that you can take over your loss in investment to your business but don't make a many business that you can't handle so you can avoid deficit on your business.

D05GTO

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With the current system, you aren't saving money. You are just saving Debt for later. Everyone just get a little more education on how it all works. https://www.youtube.com/watch?v=iFDe5kUUyT0

Spread that to everyone you know. If they know that, then Bitcoin is obviously a solution. No need to preach bitcoin.. Just enlighten folks to what we are dealing with.

BTCevo

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Quote from: torrentheaven on May 08, 2015, 05:17:05 AM

Saving in a Bank or Bitcoin is the best possible options at present. Banks Will pay you interest and the money will be safe and can get access when & where required. Invest in small things and diversified products so at least you go through loss in one you can cover it up from other.

I dont think saving in a bank for now is the best thing you can do. With that low interest are you going to put it that way? Better if you do some investment and you will get higher payout than bank. You mustnt save more than invest, its like gambling. If you profit its alright if not just let it go. Dont set that mindset

You are right. Bank doesn't gives you that much interest but atleast your money is safe. You can withdraw anytime you wish to. While investment is long term you can't withdraw in between and even if you withdraw there are many costs associated with For eg. Life Insurance.

How come you are so sure that your money is safe? Actually they are using out money to invest on something or may be they use it to do other things so they give you low interest and eat up th rest. Bank is not stupid just to give you such money like that and if you just save there. You can't really get alot from it and for withdrawing I guess there is certain regulation for the withdrawing things so it will always on loss for us

grandFX

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but if there are an emergency and you need those money, you can't get them because they are locked(if for fixed deposit you mean that) by the bank, also the return per year is very slim

i think it's better to create a business if you want to save money, then just simply invest them, in something that has low risk

for example you could buy things on ebay and sell those at a higher rate somewhere else

i think its better to invest your money 30-40% and save your money 60% to backup if you need anything
because an investment have risk to lose your money.

Dotakels

sr. member

Activity: 490

Merit: 255

Quote from: operrajunk74 on May 08, 2015, 02:47:17 PM

Quote from: nerFohanzo on May 08, 2015, 01:28:24 PM

Quote from: torrentheaven on May 08, 2015, 05:17:05 AM

Saving in a Bank or Bitcoin is the best possible options at present. Banks Will pay you interest and the money will be safe and can get access when & where required. Invest in small things and diversified products so at least you go through loss in one you can cover it up from other.

I dont think saving in a bank for now is the best thing you can do. With that low interest are you going to put it that way? Better if you do some investment and you will get higher payout than bank. You mustnt save more than invest, its like gambling. If you profit its alright if not just let it go. Dont set that mindset

You are right. Bank doesn't gives you that much interest but atleast your money is safe. You can withdraw anytime you wish to. While investment is long term you can't withdraw in between and even if you withdraw there are many costs associated with For eg. Life Insurance.

'Something is better then Nothing'

Rather then going for high returns investments it's better to play safe. So i guess Fixed Deposits in a bank is a good option to save money as Fixed Deposits pays you more interest rates as compared to normal savings a/c so i would prefer to save in fixed deposits.

but if there are an emergency and you need those money, you can't get them because they are locked(if for fixed deposit you mean that) by the bank, also the return per year is very slim

i think it's better to create a business if you want to save money, then just simply invest them, in something that has low risk

for example you could buy things on ebay and sell those at a higher rate somewhere else

You save because you want to have a extra cash or a money if you urgently needed. You will invest if you have a saving example. You have a $2500 , you only invest the 1/4 or it or 1/2 of it . Dont invest all of your money and the left you having going to save in the bank so that if you need money you can withdraw with your saving and you dont have a problem in you investment.

Amph

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Quote from: operrajunk74 on May 08, 2015, 02:47:17 PM

Quote from: nerFohanzo on May 08, 2015, 01:28:24 PM

Quote from: torrentheaven on May 08, 2015, 05:17:05 AM

Saving in a Bank or Bitcoin is the best possible options at present. Banks Will pay you interest and the money will be safe and can get access when & where required. Invest in small things and diversified products so at least you go through loss in one you can cover it up from other.

I dont think saving in a bank for now is the best thing you can do. With that low interest are you going to put it that way? Better if you do some investment and you will get higher payout than bank. You mustnt save more than invest, its like gambling. If you profit its alright if not just let it go. Dont set that mindset

You are right. Bank doesn't gives you that much interest but atleast your money is safe. You can withdraw anytime you wish to. While investment is long term you can't withdraw in between and even if you withdraw there are many costs associated with For eg. Life Insurance.

'Something is better then Nothing'

Rather then going for high returns investments it's better to play safe. So i guess Fixed Deposits in a bank is a good option to save money as Fixed Deposits pays you more interest rates as compared to normal savings a/c so i would prefer to save in fixed deposits.

but if there are an emergency and you need those money, you can't get them because they are locked(if for fixed deposit you mean that) by the bank, also the return per year is very slim

i think it's better to create a business if you want to save money, than just simply invest them, in something that has low risk

for example you could buy things on ebay and sell those at a higher rate somewhere else

Dotakels

sr. member

Activity: 490

Merit: 255

Quote from: nerFohanzo on May 08, 2015, 01:28:24 PM

Quote from: torrentheaven on May 08, 2015, 05:17:05 AM

Saving in a Bank or Bitcoin is the best possible options at present. Banks Will pay you interest and the money will be safe and can get access when & where required. Invest in small things and diversified products so at least you go through loss in one you can cover it up from other.

I dont think saving in a bank for now is the best thing you can do. With that low interest are you going to put it that way? Better if you do some investment and you will get higher payout than bank. You mustnt save more than invest, its like gambling. If you profit its alright if not just let it go. Dont set that mindset

You are right. Bank doesn't gives you that much interest but atleast your money is safe. You can withdraw anytime you wish to. While investment is long term you can't withdraw in between and even if you withdraw there are many costs associated with For eg. Life Insurance.

If your money is not so big you must save it and in future you must invest in so that you can earn a profit from your money, but always remember higher profit have a higher risk. So your money can grow or can loss.

stromma44

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Quote from: operrajunk74 on May 08, 2015, 02:47:17 PM

Quote from: nerFohanzo on May 08, 2015, 01:28:24 PM

Quote from: torrentheaven on May 08, 2015, 05:17:05 AM

Saving in a Bank or Bitcoin is the best possible options at present. Banks Will pay you interest and the money will be safe and can get access when & where required. Invest in small things and diversified products so at least you go through loss in one you can cover it up from other.

I dont think saving in a bank for now is the best thing you can do. With that low interest are you going to put it that way? Better if you do some investment and you will get higher payout than bank. You mustnt save more than invest, its like gambling. If you profit its alright if not just let it go. Dont set that mindset

You are right. Bank doesn't gives you that much interest but atleast your money is safe. You can withdraw anytime you wish to. While investment is long term you can't withdraw in between and even if you withdraw there are many costs associated with For eg. Life Insurance.

'Something is better then Nothing'

Rather then going for high returns investments it's better to play safe. So i guess Fixed Deposits in a bank is a good option to save money as Fixed Deposits pays you more interest rates as compared to normal savings a/c so i would prefer to save in fixed deposits.

Fixed Deposits is an good option and you can also go for Systematic Investment Plans which helps you to invest in mutual funds where designated amount is deducted from your a/c and returns are on the basis of market ups and downs and you can earn good profit in it.

manselr

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I took some of the savings and invested in more solar panels and lithium batteries for my scooters which get 600 mpg equivalent, and will pay for themselves years to come.

operrajunk74

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Quote from: nerFohanzo on May 08, 2015, 01:28:24 PM

Quote from: torrentheaven on May 08, 2015, 05:17:05 AM

Saving in a Bank or Bitcoin is the best possible options at present. Banks Will pay you interest and the money will be safe and can get access when & where required. Invest in small things and diversified products so at least you go through loss in one you can cover it up from other.

I dont think saving in a bank for now is the best thing you can do. With that low interest are you going to put it that way? Better if you do some investment and you will get higher payout than bank. You mustnt save more than invest, its like gambling. If you profit its alright if not just let it go. Dont set that mindset

You are right. Bank doesn't gives you that much interest but atleast your money is safe. You can withdraw anytime you wish to. While investment is long term you can't withdraw in between and even if you withdraw there are many costs associated with For eg. Life Insurance.

'Something is better then Nothing'

Rather then going for high returns investments it's better to play safe. So i guess Fixed Deposits in a bank is a good option to save money as Fixed Deposits pays you more interest rates as compared to normal savings a/c so i would prefer to save in fixed deposits.

rjclarke2000

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Stop gambling, smoking, drinking and f**king. You ll save a lot of moni.

Drinking and f***ing is fine. Since we need to feel that we re human beings once in a while, but don't over do it.

F**king? That's never cost me money my friend.

Ok, that's a lie.

I am now a daddy.

nerFohanzo

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Quote from: torrentheaven on May 08, 2015, 05:17:05 AM

Saving in a Bank or Bitcoin is the best possible options at present. Banks Will pay you interest and the money will be safe and can get access when & where required. Invest in small things and diversified products so at least you go through loss in one you can cover it up from other.

I dont think saving in a bank for now is the best thing you can do. With that low interest are you going to put it that way? Better if you do some investment and you will get higher payout than bank. You mustnt save more than invest, its like gambling. If you profit its alright if not just let it go. Dont set that mindset

You are right. Bank doesn't gives you that much interest but atleast your money is safe. You can withdraw anytime you wish to. While investment is long term you can't withdraw in between and even if you withdraw there are many costs associated with For eg. Life Insurance.

Erza

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Quote from: torrentheaven on May 08, 2015, 05:17:05 AM

Saving in a Bank or Bitcoin is the best possible options at present. Banks Will pay you interest and the money will be safe and can get access when & where required. Invest in small things and diversified products so at least you go through loss in one you can cover it up from other.

I dont think saving in a bank for now is the best thing you can do. With that low interest are you going to put it that way? Better if you do some investment and you will get higher payout than bank. You mustnt save more than invest, its like gambling. If you profit its alright if not just let it go. Dont set that mindset

umaOuma

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Quote from: Dr. Pepper on May 08, 2015, 06:34:22 AM

Saving is all about discipline. It's actually very easy to save once you set your mind to it but people often take comfort in material things and if they don't spend they feel like they don't have. You can also save money by budgeting and instead of going out every weekend and buying over price drinks go out once or twice a month and do if you must drink or party do it at home of friends where you can save money by buying alcohol from the store.

Yeah Discipline is required to save money and you also need a positive attitude to follow it continuosly. Prepare a action plan n follow it and monitor it weekly you will get the exact idea of expenses that is costing you more and avoid friendly parties that would force you to spend more due to peer pressure even if you don't wish to.

Dotakels

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Quote from: gripflierGO on May 08, 2015, 07:37:51 AM

Stop gambling, smoking, drinking and f**king. You ll save a lot of moni.

Drinking and f***ing is fine. Since we need to feel that we re human beings once in a while, but don't over do it.

LOLZ..Completely Agree.

Generally we spend lots of money on above things that we don't even know how much we are spending on our habbits. If we stop all these things then would be definitely very rich and wealthy in future. So need to reduce the expenses on so called bad habbits or just stay away from it.

Thats right we need to enjoy ourselves and spend our money to what we want. But think before you that yes thats righ we can save if we stop or sometimes we do that habbits to have a more save.

gripflierGO

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