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Topic: How to save money on a long-term period - page 11. (Read 4089 times)

full member
Activity: 352
Merit: 100
October 01, 2018, 05:47:09 AM
For me the best way to save money on a long term period is every time you get your salary get the 10% of it and invest it in a stocks or in bitcoin. Every cut-off its good to save your 10% for investment. Even the market is on uptrend or downtrend it doesn't matter because your money will cost average it a month so when you at it after a long period you will see that your saved money has a lot more because of profit you get from the stocks or bitcoin you invest into. Don't just save, invest it in an investment instrument that you want and soon you will reap what you sow.
That is one strategy I have always used for myself right from the onset, and you will be surprised at how easy it is for you in the long run, and how valuable savings can be when you want to start executing some investment projects. Like you said, savings should always be an investment instrument, and this is the reason why those who have a specific target related to investment, savings usually is never a huge challenge.
newbie
Activity: 29
Merit: 0
October 01, 2018, 03:41:12 AM
To save money on a long term period, you can choose to invest in the large cap coins on the market, thus the first 10 coins on the market. Any of the top 10 coins is more than capable of rising up on the market due to the large investor-support they've got. Those coins take on the rises gradually, hence are very good coins for long term keeping of money and making profits as well.
The question is not where to invest, but how to save money. You can invest anywhere you want but the problem is that how to save money. When you have money you will invest it somewhere, but if you no extra money how can you invest? We should reduce our daily expenses and avoid unnecessary things which need money. We can save that money easily.
member
Activity: 280
Merit: 10
September 29, 2018, 12:54:24 PM
You can detect all the altcoins and icos that have been bottomed, invest in them and lose as long as you expect. But we are losing because of our ambitions. In this case, you never lose all of your money in the hands as long as the decline occurs, but your average will be lower.
full member
Activity: 688
Merit: 106
September 29, 2018, 11:02:36 AM
If you want to save your money all you have to do is to invest and make your own bank account so that you have a money that can use in the future.
Saving money in a long term period of time is also good if you have money to save every month for your savings but if how long you are saving if you can't save money regular then you cannot save more than expected. I suggest that you must set also a goal for saving money especially if you monthly income is almost exact with your daily needs especially for your family so we must know how to manage also our income/money/bitcoin eveey month for our savings.
Saving money for a long time is good because it will help you to fulfill all you needs and wants. Having a goal to save is a very good idea and I always save money so that I can money once there is an emergency. If you want to make more savings you should try to have some investments or job.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
September 29, 2018, 10:35:59 AM
If you want to save your money all you have to do is to invest and make your own bank account so that you have a money that can use in the future.
I agree with you sir. If you really want to save money on a very long period of time and you want to earn as well, it's better for you to invest it in a bank so that time goes by the money that you've invested is growing, like a land time goes by the price of the land is increasing.

Business. Base it on your interests. I mean putting your money in banks is good, though it negates movement. And when difficult times happen, you may be forced to take that money out which means spending your savings.
member
Activity: 231
Merit: 10
September 29, 2018, 05:16:21 AM
member
Activity: 175
Merit: 30
September 29, 2018, 04:31:53 AM
If you want to save your money all you have to do is to invest and make your own bank account so that you have a money that can use in the future.
I agree with you sir. If you really want to save money on a very long period of time and you want to earn as well, it's better for you to invest it in a bank so that time goes by the money that you've invested is growing, like a land time goes by the price of the land is increasing.
newbie
Activity: 43
Merit: 0
September 29, 2018, 04:10:44 AM
Keeping our money on Gold or precious metal is good but not flexible. But if the purpose is to keep our asset for long term and store of value, i think we can considering Gold or others precious metal because its known for years
In my opinion putting money in crypto or in real estate is not saving but is investing. You can save money by making a routine budget for your expenses and strictly follow that program. When you a have a program of your income and expenditures, you will be able to save some money for your future. You can invest that money in crypto or in some regular business.
hero member
Activity: 1190
Merit: 500
September 29, 2018, 03:47:55 AM
Saving money on a long-term period of time has several ways, but if you are asking how to have savings here in Bitcoin or crypto world for what I did actually, every time there is a profit I received whether it is from trading or bounty campaigns I automatic segregate the 15% on my earnings then place and keep it on my offline wallet like hardware wallet or cold wallet then hold it in a long term.
I had also do that method but i end up spending my savings because of some emergency cases that arise.But i still want to save again for my future because there is no assurance that your body will always be fit, and you can't work anymore too because of the old age already.
Thats true, you also have to think about your future later dude, try to set aside always a few percent of the income you get each week in cold storage to store up to the future so that your future can be guaranteed, I also do that at least take 30% of my income for stored long term..
member
Activity: 490
Merit: 11
September 28, 2018, 09:13:58 AM
make it a habit to withdraw assets in a matter of percent every month, all must be managed regularly, making sure to take the smallest percentage and still maintain capital assets to continue trading.

save on trusted hardwallet for potential assets like bitcoin, these coins are very reactive with price increases every year. If you want crypto assets to be stable now, Tether is a good alternative.

Take care of the interests of assets with personal interests. However, there must be strong discipline to maintain everything.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
September 28, 2018, 08:34:38 AM
just keep it in the wallet we have and we always make sure that our monitor is safe, and we always open it in the hope that no hackers hack it.
well, it's a very simple thing to say, but it's hard to do. we know that our needs always come suddenly. You might be able to do that when you have a business to run. I am currently also trying to do that.
full member
Activity: 332
Merit: 100
September 28, 2018, 08:05:50 AM
Saving money on a long-term period of time has several ways, but if you are asking how to have savings here in Bitcoin or crypto world for what I did actually, every time there is a profit I received whether it is from trading or bounty campaigns I automatic segregate the 15% on my earnings then place and keep it on my offline wallet like hardware wallet or cold wallet then hold it in a long term.
I had also do that method but i end up spending my savings because of some emergency cases that arise.But i still want to save again for my future because there is no assurance that your body will always be fit, and you can't work anymore too because of the old age already.
just keep it in the wallet we have and we always make sure that our monitor is safe, and we always open it in the hope that no hackers hack it.
newbie
Activity: 30
Merit: 0
September 28, 2018, 05:40:20 AM
For me the best way to save money on a long term period is every time you get your salary get the 10% of it and invest it in a stocks or in bitcoin. Every cut-off its good to save your 10% for investment. Even the market is on uptrend or downtrend it doesn't matter because your money will cost average it a month so when you at it after a long period you will see that your saved money has a lot more because of profit you get from the stocks or bitcoin you invest into. Don't just save, invest it in an investment instrument that you want and soon you will reap what you sow.
It is the best way, but it is not saving, it is investment and you can lose or earn with the up and down of the price. For me the best way to save money is committee between friends, relatives or neighbors. You will put some money every month and one person is responsible to collect money and give it to one person at the end of every month. The next month other and so on.
member
Activity: 350
Merit: 10
September 27, 2018, 09:03:33 AM
Investing in basic assets, such as precious metals, shares or interest account in the bank will not bring good returns.
member
Activity: 294
Merit: 10
W12 – Blockchain protocol
September 27, 2018, 09:00:23 AM
If you know crypto investment in a long term, then it's better to invest your money to a promising crypto and hold it long term. In that way, your saving while waiting for your investment to grow bigger and bigger as time goes by.
full member
Activity: 644
Merit: 100
September 27, 2018, 08:21:40 AM
Saving is hard especially for those who are living paycheck to paycheck.
But, if you have the chance to save, in my opinion, you should put money into tangible ones such as property (real estate), businesses, precious metals (jewelry) and others, in which, their value increase thru time.
The OP already discussed so much advantages of those investments.
And it's up to your current situation where and how you will invest your money.
If you are not that well off, just live below your means. Even if you have small salary compared to others, you can still save something for yourself.

For me saving is not hard, if you really want it to do. Saving is a hobby for me. Even though you paid a little money at least save 10 percent of it. If you can not save money then you need to goal it. Personally I can not save before but it became a hobby for me since I set my goal. All of us can achieve what we want if we will try our best to do it. If you want a long term savings then try to invest because it can grow.
member
Activity: 606
Merit: 10
September 27, 2018, 07:21:20 AM
You can use bank or bitcoin investment for saving your money in long term, maybe using bank you can take deposit kinds for getting your money will be increase. But more offer and increase if you make your money become bitcoin investment.
10c
full member
Activity: 658
Merit: 100
BuyAnyLight - Blockchain LED Marketplace
September 27, 2018, 07:07:02 AM
There are two types of people who are trying to save money , some just save up , and others invest them and of course wiser are those who invest in different projects, therefore to increase their funds should be invested in different projects.
full member
Activity: 406
Merit: 101
September 27, 2018, 06:13:28 AM
Everyone of us have tried and attempted to save money, but not all have succeeded. Saving moeny becomes challenging for most pf the people because it is a matter of consistency. Saving money can only be successful if we are consistent about executing it. However, saving money on a long-term period is also one different thing since consistency with the ability to grow your savings is a must. Hence, investing it on a business or in a stock market is one. Engaging also in any legitimate income-generating work is also one. You can also invest on something that you think that the value will increase as the time goes by just like precious stones and metals in jewelries, land areas or lots, and of course, securing your savings in a bank.
Saving money should never be challenging as long as you are principled, disciplined and know it is for your own benefit. The problem with most people is that they certainly do not know how to differentiate between need and wants, do not have any plan for the future, and really do not have an idea where they are headed, which makes it do easy for them to lavishly spend the way they please without any thought of the future. If you think of the future and have great plans for you and your family, savings will never be a problem.
newbie
Activity: 76
Merit: 0
September 26, 2018, 08:19:29 AM
If we are talking about just saving money here, well time deposit is the best though you will not expect  big ROI, because you did not invest but to just allow the bank to keep it. It is much better if you invest atleast you will gain.
You have a good point, if you really want to save money you can actually put it on your online wallet, exchanges or deposit it in your bank. Investing your money is a great idea it will make your money growth more aside of that the benefits you may actually get if you were thinking about the future outcomes.
It is easy to save money but it is hard to earn money. When you have money and you a permanent income source, then saving money is easy. You can put extra money in your bank account or put in a place from where withdrawal is not easy. There are hundred ways to save money. The matter is how to earn money without or very small investment?
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