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Topic: How to save money on a long-term period - page 7. (Read 4096 times)

hero member
Activity: 2884
Merit: 794
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October 24, 2018, 12:46:23 PM
Not all people can save money it was very hard to save money specially if your money is enough for your daily lives I mean the salary you have is enough on it, how to save the money if you are came from not a wealthy family? Some of them even if they do part time job in the end they can't save a single penny, they always say that if you want to do something you can do it, you must save just like a little money to buy bitcoin and hold it for a long term what if someday you will became a millionaire because of that saving a little.
If your income is too low then it is true that saving money can be a challenge but if you have any hope of making more money than the money that you are making then you need save and if that means getting a second job and saving for years then that is what you need to do, after all saving is nothing more than to accumulate money just in case you need it in the future, so if you want to improve your life then you need to be willing to be uncomfortable for some time.
hero member
Activity: 1246
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October 24, 2018, 12:41:26 PM
If you want to save your money for long term i think that you should buy gold and Dollar now a days because in our country these are interesting and profitable for making money and i hope that there are so many other platforms are available for holding long term like now the crypto world is profitable and it is the best saving option here for crypto community.

Well saving and growing your money are two quitr different things though. If it's just for the sake of saving and not touching your money for the long term, putting it in a bank is more likely a better option. Investing it of course in something is better but you'll have to move your money more that way.
hero member
Activity: 3080
Merit: 603
October 24, 2018, 12:35:13 PM
Yes, only few of them really save their profit. most of them want to spend it buying all the things they want. For me, maybe thinking or more ways how to save it can help us.
And think broadly, after saving what are you going to do with your money? you are saving on a long term period but its value will decrease due to inflation. If something happens like what everyone is discussing now which is an economic crisis on 2019 then the money you save will have lower value. Yes, it is about the discipline and saving is connected to investing so while you are continuously saving your money, don't just let it go to the bank, look for some place where you can invest it like crypto's.
full member
Activity: 364
Merit: 100
October 24, 2018, 09:10:19 AM
If you want to save your money for long term i think that you should buy gold and Dollar now a days because in our country these are interesting and profitable for making money and i hope that there are so many other platforms are available for holding long term like now the crypto world is profitable and it is the best saving option here for crypto community.
jr. member
Activity: 294
Merit: 1
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October 24, 2018, 08:57:34 AM
Like most things in life there is not really a mystery about how to save money in the short or long term, what people lack is the discipline to do it, they see all that money they have saved doing nothing for them and then they imagine all the stuff they could buy with it, and if you add that the current generations do not seem to have any patience then it is not really surprising why no one saves anymore.

Yes, only few of them really save their profit. most of them want to spend it buying all the things they want. For me, maybe thinking or more ways how to save it can help us.
newbie
Activity: 78
Merit: 0
October 24, 2018, 07:43:37 AM
I would save a minimum of 20% percent of your income for a rainy day fund. Aim to have 3 months worth of expenses saved up incase anything were to happen. As for retirement, it would depend on how many years you have left before you want to retire.
The question is not how much you can save; the question is how you can save your money. It is good question and I think very important too, because the expenses are increasing day by day and we will have to do something for our retirement. It is a fact that after retirement only two things work, “YOU OR YOUR MONEY”. If your health doesn’t allow you to work then you will need money for survival.
hero member
Activity: 1036
Merit: 500
October 23, 2018, 02:38:30 AM
To save money on a long-term period, you should make a solid investment. Investment in crypto has a lot of potential. Even during a bearish trend, don't hurry to sell crypto. This is just the phase of corrections which is perfect for holding. Invest now and get profits when the market finally stabilizes.
The primary way to save money that is suggested by the policy makers and the economists is to reduce the consumption. Minimize the imports that cost you more than you actually can afford. Such imports hinder your ability to save more in the long term. Besides, the more you produce, the more you would be able to earn and hence save.

There are lots of ways you can actually get your current account surplus. Long term investment in potential coins in the crypto market is the second name of getting your money replicated and the growth is often more that what is normally been paid in the bank.
full member
Activity: 448
Merit: 103
October 22, 2018, 09:31:25 PM
I can observe that majority of their thoughts is to put your savings in a bank and to use it for later. Pardon my opinion, but for me, this is a wrong concept. why? banks nowadays is not as fruitful as the olden days. Your money invested in them will actually be subject to a lot of taxes including withholding tax. The interes you earn from saving to that bank will be just to pay for the taxes. Okay, granted there are time deposits, back in time, time deposits are a thing because they offer double your money, but now, it is not. interest is very low.
So, what I am saying is this, if you want to have that long term savings, the best choice will e to invest it in a blue chip stock. that way, you are assured.
full member
Activity: 679
Merit: 102
October 22, 2018, 06:26:15 PM
If you are investor then you can invest your money in those projects where the return is good and if they are for long term then it is less risky projects while you can also go for banks there you can keep your money in fixed deposit account and they will pay you regular profit on that but the rate is very low there and this is due to the fact that risk is minimum there so the return on that will be less as compared to other projects stocks are good but there individual can not grow only big investors can enjoy the profit.

Investing in a long term period is a good way of handling money and to prolong its life, also investing it in a good coin or assets will be a good decision also,  Minimum risk is by spreading your risk of investments to avoid critical risk in your funds, Choosing a right decision is a good thinking for saving your money in the future.
legendary
Activity: 2534
Merit: 1338
October 22, 2018, 04:43:13 PM
Like most things in life there is not really a mystery about how to save money in the short or long term, what people lack is the discipline to do it, they see all that money they have saved doing nothing for them and then they imagine all the stuff they could buy with it, and if you add that the current generations do not seem to have any patience then it is not really surprising why no one saves anymore.
legendary
Activity: 2212
Merit: 1008
October 22, 2018, 09:19:05 AM
gold is still the best asset at this time with passive value growth. I allocate less than half of my savings for living needs, the rest I set for the purchase of increasingly scarce assets, including gold, land and housing. Because I am also still active as a trader, crypto active asset allocation is also quite large, I still have to balance between savings, active stock and assets as much as possible because everything is very potential in accordance with existing needs.

Still, most of the people choose traditional banks to save their money. Gold is also a very good choice but you need to store it in the safest place (banks also). Rich people deal with antic things and make big money on this stuff.
full member
Activity: 364
Merit: 100
October 22, 2018, 08:44:09 AM
If you are investor then you can invest your money in those projects where the return is good and if they are for long term then it is less risky projects while you can also go for banks there you can keep your money in fixed deposit account and they will pay you regular profit on that but the rate is very low there and this is due to the fact that risk is minimum there so the return on that will be less as compared to other projects stocks are good but there individual can not grow only big investors can enjoy the profit.
jr. member
Activity: 84
Merit: 1
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October 22, 2018, 07:05:51 AM
I don't think that black metals are good for saving money in a long-term period. Their storage and security costs are too high to save near that value over time.
I think they are good materials only if you want use them in infrastructure, otherwise they will taking space in storeroom without point.
The best option for saving money for long term in my view is to invest in property, because property will never lose money and with the passage of time the value of your property will increase. If you put your money in bank, you will spend it after some time because of easy access. If you invest in crypto, it is also usable and not good for long term savings.
full member
Activity: 518
Merit: 100
October 21, 2018, 11:18:03 AM
Saving money on a long-term period needs a very strong mind to dominate your emotions whenever you see a price drop or price hike. Once you got distracted by these movements, you will eventually lose your focus and you will sell your crypto either at a losing price or just a normal price.

Hodlers are very patients guys. When they deal with the long-term trading, they do not sell their cryptocurrencies for years. I do not think that too many people can do it.
member
Activity: 633
Merit: 10
October 21, 2018, 10:17:43 AM
member
Activity: 602
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October 21, 2018, 10:08:23 AM
For me to choose to save money in the long run by investing in bitcoin, investing in bitcoin not only can I save money but the money I save will grow, and it will be an option for profit that interests me.
member
Activity: 348
Merit: 10
October 21, 2018, 09:00:07 AM
full member
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Vave.com
October 21, 2018, 08:46:56 AM
sr. member
Activity: 672
Merit: 250
October 21, 2018, 08:23:49 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 really agree with what you convey our future depends on our own how to manage our assets or savings that we get from profits in investing with crypto currencies
full member
Activity: 674
Merit: 101
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October 21, 2018, 08:01:57 AM
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