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Topic: How to save money on a long-term period - page 3. (Read 4089 times)

member
Activity: 383
Merit: 10
November 16, 2018, 03:03:47 PM
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.
what do you say is very true to invest your money if indeed you are not fully convinced of the investment in crypto currency, if you already have considerable confidence I think investment with crypto currencies might also be profitable
full member
Activity: 1017
Merit: 107
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November 16, 2018, 11:39:54 AM
I think rather than only save money in form of gold or metal, it will be better if you invest it in property. The number of human population is increases so people nees place to live. Anyway only saving money will create a leakages in money circulation so the improvement of people economy will be slower. Make a business is better.
gold or metal liquidity better than property.if someday we need money for urgent need we could easily sell our gold stock.but dont forget gold investment has bigger risk than property.
full member
Activity: 478
Merit: 100
November 16, 2018, 11:31:04 AM
I think rather than only save money in form of gold or metal, it will be better if you invest it in property. The number of human population is increases so people nees place to live. Anyway only saving money will create a leakages in money circulation so the improvement of people economy will be slower. Make a business is better.
hero member
Activity: 826
Merit: 518
November 16, 2018, 11:00:10 AM
If you want to save money in long term then you should cut down all your unnecessary expenses but you if your intention is to make more money from your savings then you should invest in something which can be less risky and have good returns for thet crypto investment also a good thing to consider or you can iinvest on mutual funds or real estate.
full member
Activity: 588
Merit: 100
November 16, 2018, 10:08:37 AM
there are many things that we can do to save money in the long term such as being deposited into a bank or for investment because in this way we can all save our money well and we can also benefit from the investment
deposited money in a bank give us small return.maybe if we have more money , better use this to buy land or property.in my country this is most favourite investment portofolio.
sr. member
Activity: 994
Merit: 251
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November 16, 2018, 10:03:03 AM
there are many things that we can do to save money in the long term such as being deposited into a bank or for investment because in this way we can all save our money well and we can also benefit from the investment
legendary
Activity: 2464
Merit: 3128
November 16, 2018, 09:36:12 AM
Quote
    The way this is written, I’m find it a bit difficult to understand what you mean… what black metal are you referring to, is it a cryptocurrency? Or you mean just buying and storing ordinary metal? There are many ways we can save money but I’m yet to understand what you’re trying to pass through here so at the moment I would say that you can still save money with foreign currencies that are topping yours.    


Buy and store ordinary metal
Buy and store ordinary metal. In Russian, “black metal” is the same as in English, probably “ordinary metal”. Can you suggest the best translation)
hero member
Activity: 626
Merit: 500
November 16, 2018, 04:50:40 AM
Saving money is pretty simple you just need to create a bank account to store all your assets but the question is does that satisfy you ? or do you want to make profit while holding your money ? The answer is to invest in trading and start trading into crypto currencies where the volatility can make you fortunes.
well, thinking about it is so simple, but when your needs become bigger, it is very difficult to control. in this case, you have to have a target, and of course you also have to be economical in any case, so you can hold back money, or assets you have in the long run.
It will depend on what to hold some coins didn't deserve holding too much having some balance on our spending and saving is the key to really have a investment.
hero member
Activity: 1540
Merit: 759
November 16, 2018, 04:05:15 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.

The people I know that claim to live "paycheck to paycheck" are usually the ones that buy unnecessary items, brand name clothing, overpriced cars, etc.

Most people just consume mindlessly, it's the culture we have built.  It's really not that difficult to slowly save up and accumulate wealth but most people don't have the patience and they want the instant gratification that consuming provides. 

Bingo, I've watched my friends who don't exactly make a considerable amount - who complain about the amount they make - then go and spend $200 on a jacket.

Look at the most wealthy people of the world and you'll note they aren't exactly wearing crazy expensive items (Bill Gates, Warren Buffet, etc)

As for saving money, just cut out a percentage of your paycheck. Collect pocket change and throw it into a jar, when it becomes large enough, invest it. Basically finding ways to set a portion of your income aside is the most important objective.
hero member
Activity: 1204
Merit: 500
November 16, 2018, 02:34:19 AM
Saving money is pretty simple you just need to create a bank account to store all your assets but the question is does that satisfy you ? or do you want to make profit while holding your money ? The answer is to invest in trading and start trading into crypto currencies where the volatility can make you fortunes.
well, thinking about it is so simple, but when your needs become bigger, it is very difficult to control. in this case, you have to have a target, and of course you also have to be economical in any case, so you can hold back money, or assets you have in the long run.
newbie
Activity: 38
Merit: 0
November 10, 2018, 05:00:05 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.
well, if you want a safe investment for long term, creating a bank account is a good choice. But for me, i will choose bitcoin instead. Buying bitcoin and holding for long term, it would help create more beneficial than bank.
sr. member
Activity: 2436
Merit: 272
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November 10, 2018, 04:18:27 AM
save money with a very long period of time maybe you can use a local bank that has very high trust or also maybe you can invest and put the money you have in cryptocurrency, many choices to save money and that depends on your choice.
Saving money in a bank account is not actually a saving because your money gradually gets depleted over time and the rate of interest given by the banks are much less than the value of money got depleted so investing is the best way to save money but most of the investment don't have any guaranteed return that is why people look for banks only so if someone really want to save hard earned money research deep and invest on something which has growth.
sr. member
Activity: 1400
Merit: 269
November 09, 2018, 01:11:34 PM
Saving money is pretty simple you just need to create a bank account to store all your assets but the question is does that satisfy you ? or do you want to make profit while holding your money ? The answer is to invest in trading and start trading into crypto currencies where the volatility can make you fortunes.
full member
Activity: 209
Merit: 100
November 09, 2018, 12:39:58 PM
For you to save money in a long period of time, better to invest your money on some banks so that you can assure that your money can grow as well you can save money because you invest it. You can also invest on some projects or icos here in crypto so that you can save money and earn as well.
sr. member
Activity: 1610
Merit: 294
www.licx.io
November 09, 2018, 10:30:04 AM
save money with a very long period of time maybe you can use a local bank that has very high trust or also maybe you can invest and put the money you have in cryptocurrency, many choices to save money and that depends on your choice.
sr. member
Activity: 1162
Merit: 251
November 09, 2018, 09:58:40 AM
If u want save your cash value - better to buy "things" - like cars, gold, houses, - things which will never loose its value and always people will need them   Embarrassed  Only things that have real value will have that value in the future
Very agree, because if you save your money in the bank, I'm afraid the value of your money will decline due to the inflation factor owned by the fiat currency. if you want to keep the value of your money, then save it to commodities that have stable rates like gold, real estate, but I don't think the car has a stable value.
jr. member
Activity: 87
Merit: 1
November 09, 2018, 09:41:21 AM
For me investments are the best form of strategy saving but need to pick the appropriate type of investing field for your needs and wrong one will get you to lose everything in no time and for the people who wants to save their profit. The crypto currency is also best investment but comes with risk too so just understand what is crypto before investing can keep you away from serious loss and prevent any further damage in investing.
member
Activity: 420
Merit: 10
November 09, 2018, 08:57:23 AM
Investing is good; saving is good. These are two different entities, but are both good. Choosing one over the other shows lack of good sense at all. And yeah, you're right. You shouldn't put all your eggs in one basket, especially if you are just making both ends meet always. If you can make your one hand work for 24 hours and your other hand work for 48 hours, then do it. What I mean is you can earn by working and at the same time, you can also earn by making you money work for you also by investing on which is in-demand nowadays. If the market is bearish, then go and find other things to do or to invest in. Just make sure it's of essential value and is worth it.
member
Activity: 191
Merit: 32
November 09, 2018, 08:50:54 AM
If you want to save money for a long term period. Do invest and hold for a long time. That will makes sense if you really want a long term period. You can avoid too much investment on a short term, I preferred a long term investment too. As time goes by, your money earn. You just have to set aside the process and it will ensure your life soon in the time you needed it the most.
hero member
Activity: 784
Merit: 500
November 09, 2018, 08:36:58 AM
there are many ways to secure the money you have for the long term, one of which you can save in cryptocurrency or bitcoin, you can save in the form of bitcoin and the money you have will be safe and can grow because the price of bitcoin always experiences price increases and can provide profit for you.
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