Topic: How to save money. - page 168. (Read 345824 times)

Quote from: Nick Markus on May 04, 2015, 02:36:00 AM

You can also get a second job. And by the way having a goal is crucial, because otherwise saving will be meaningless.

How do you say that having a goal is crucial and savings is meaningless. Having a goal will added to your willingness to save. This would help your patient. But it will become meaningless if theirs something happened and you need to pull out a money like emergencies.

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yeah better the deposit on bank or insurance. i think that's option for save he money

Insurance are been deducted to your salary every month. You will get your insurance if theres something happen to you or their an accident and if thats not happened you can get your money when you are retired.

You get your money back when you retired? I dont think so which world you live on. The insurance company just keeps paying others with that money. If you would get it back, that would be a ponzi scheme, if you dont then thats just a socialist thing.

Of course if its voluntary insurance, i dont care, but most of the times governments force you to have insurance.

I am live in phillipines and there are different insurance like medical insurance, life insurance, and general insurance etc. But if you have a life insurance for sure you can get your money if you are retired.

GreenStox

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Quote from: unholycactus on May 05, 2015, 11:09:10 PM

Quote from: GreenStox on May 05, 2015, 10:49:32 PM

Quote from: Nick Markus on May 04, 2015, 02:36:00 AM

You can also get a second job. And by the way having a goal is crucial, because otherwise saving will be meaningless.

How do you say that having a goal is crucial and savings is meaningless. Having a goal will added to your willingness to save. This would help your patient. But it will become meaningless if theirs something happened and you need to pull out a money like emergencies.

.
yeah better the deposit on bank or insurance. i think that's option for save he money

Insurance are been deducted to your salary every month. You will get your insurance if theres something happen to you or their an accident and if thats not happened you can get your money when you are retired.

You get your money back when you retired? I dont think so which world you live on. The insurance company just keeps paying others with that money. If you would get it back, that would be a ponzi scheme, if you dont then thats just a socialist thing.

Of course if its voluntary insurance, i dont care, but most of the times governments force you to have insurance.

Insurance companies invest the money you give them and keep the change. It's their incentive to do business.

Unless you think you can invest your money better than an organisation whose sole purpose is to generate money, insurance isn't a ponzi or a socialist thing.

Or not. Did you forgot about AIG?

They invest in toxic instruments, then if the economy crashes, tax money is paid to bail them out. Yes your investment is also insured, but what if there is a sistematic collapse. The whole money is evaporated and you are left with empty promises.

The risk of systematic collapse grows with each penny the central banks print.

unholycactus

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Quote from: GreenStox on May 05, 2015, 10:49:32 PM

Quote from: Nick Markus on May 04, 2015, 02:36:00 AM

You can also get a second job. And by the way having a goal is crucial, because otherwise saving will be meaningless.

How do you say that having a goal is crucial and savings is meaningless. Having a goal will added to your willingness to save. This would help your patient. But it will become meaningless if theirs something happened and you need to pull out a money like emergencies.

.
yeah better the deposit on bank or insurance. i think that's option for save he money

Insurance are been deducted to your salary every month. You will get your insurance if theres something happen to you or their an accident and if thats not happened you can get your money when you are retired.

You get your money back when you retired? I dont think so which world you live on. The insurance company just keeps paying others with that money. If you would get it back, that would be a ponzi scheme, if you dont then thats just a socialist thing.

Of course if its voluntary insurance, i dont care, but most of the times governments force you to have insurance.

Insurance companies invest the money you give them and keep the change. It's their incentive to do business.

Unless you think you can invest your money better than an organisation whose sole purpose is to generate money, insurance isn't a ponzi or a socialist thing.

GreenStox

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Activity: 1148

Merit: 252

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Quote from: Nick Markus on May 04, 2015, 02:36:00 AM

You can also get a second job. And by the way having a goal is crucial, because otherwise saving will be meaningless.

How do you say that having a goal is crucial and savings is meaningless. Having a goal will added to your willingness to save. This would help your patient. But it will become meaningless if theirs something happened and you need to pull out a money like emergencies.

.
yeah better the deposit on bank or insurance. i think that's option for save he money

Insurance are been deducted to your salary every month. You will get your insurance if theres something happen to you or their an accident and if thats not happened you can get your money when you are retired.

You get your money back when you retired? I dont think so which world you live on. The insurance company just keeps paying others with that money. If you would get it back, that would be a ponzi scheme, if you dont then thats just a socialist thing.

Of course if its voluntary insurance, i dont care, but most of the times governments force you to have insurance.

Dotakels

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Quote from: Nick Markus on May 04, 2015, 02:36:00 AM

You can also get a second job. And by the way having a goal is crucial, because otherwise saving will be meaningless.

How do you say that having a goal is crucial and savings is meaningless. Having a goal will added to your willingness to save. This would help your patient. But it will become meaningless if theirs something happened and you need to pull out a money like emergencies.

.
yeah better the deposit on bank or insurance. i think that's option for save he money

Insurance are been deducted to your salary every month. You will get your insurance if theres something happen to you or their an accident and if thats not happened you can get your money when you are retired.

torrentheaven

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If you want to save money then i think its better to invest in some safe plans may be insurance or some saving investments plans offered by banks which will not give you higher returns but atleast you will something rather then going for high risks.

bajing

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