Topic: Should I spend my cash, or save it? (Read 672 times)
Manage your money wisely.Save the half and spend the rest.But of course you need to be practical and spend it on some valuable things.Need Versus Want,you get me?or at least spend it on something that will give you profit,business,trading anything that will give you earnings.But be carefull,practical and wise.Thats all.
Well, we need money to make purchases. And we actually need these things that can be bought. But investments are the future. So, consider buying only things you really need and leaving some money in form of investments.
I'm coming to the conclusion that it is best to invest surplus cash on things that will improve the quality of my life, and extend my healthy life span. I'm no longer interested in becoming the richest, I want to be the oldest. 
Below are purely my thoughts, as these things are subjective from person to person, from a social class to another.
I don't see any advantages of purchasing a new car apart the fact that is new. I find it the worst investment (after womans)...
Of course! Women would always be on the top of the list ..I don't see any advantages of purchasing a new car apart the fact that is new. I find it the worst investment (after womans)...
By definition, investing is sacrificing and immediate gain for a future return, so women don´t belong there. They are marvellous though.
dont buy woodland. as most cases in the UK woodland is a dead asset and has greenbelt/preservation status where it cant be developed. and the cost to do anything with it ends up being higher compared to a baron field.
better options is brownbelt land that has one property on it, but enough garden/land to expand to several properties. because its brownbelt its already got the permissions to develop on it and already located in an area with close water/electric and sewage utility so costs are low to develop
it can even e demolished in a few days where as felling tree's and chopping them up can take longer/more cost
as for things like copper. that too has storage, security and maintenance costs. oxidised copper is not as valuable as fresh copper so to keep it dry away from the environment for long periods ends up as a cost that eats into any future possible gains.
this is why bitcoin is more unique. after the initial purchase. it costs nothing more for you individually to keep a private key. no maintenance costs, no storage fee, nothing to slowly eat up or rust away your holdings
alot of people dont realise that owning land has ongoing costs. especially the longer you sit on it
if your going to spend money. spend it on things to create more money short term
EG if you have a £160food budget a fortnight from wages
dont spend £160 on luxury food. budget to £60 and then buy things for the other £100 that when sold quickly can get you back more than £160.
that way the next fortnight you can feed yourself and produce more funds and accumilate wealth by not needing to spend £160 from your wages.. but be self sufficiently fed from the revolving £160 investment looking after itself
too many people these days are too quick to spend £1 on a loaf of bread, than to spend £1 on something they can sell for more than £1
better options is brownbelt land that has one property on it, but enough garden/land to expand to several properties. because its brownbelt its already got the permissions to develop on it and already located in an area with close water/electric and sewage utility so costs are low to develop
it can even e demolished in a few days where as felling tree's and chopping them up can take longer/more cost
as for things like copper. that too has storage, security and maintenance costs. oxidised copper is not as valuable as fresh copper so to keep it dry away from the environment for long periods ends up as a cost that eats into any future possible gains.
this is why bitcoin is more unique. after the initial purchase. it costs nothing more for you individually to keep a private key. no maintenance costs, no storage fee, nothing to slowly eat up or rust away your holdings
alot of people dont realise that owning land has ongoing costs. especially the longer you sit on it
if your going to spend money. spend it on things to create more money short term
EG if you have a £160food budget a fortnight from wages
dont spend £160 on luxury food. budget to £60 and then buy things for the other £100 that when sold quickly can get you back more than £160.
that way the next fortnight you can feed yourself and produce more funds and accumilate wealth by not needing to spend £160 from your wages.. but be self sufficiently fed from the revolving £160 investment looking after itself
too many people these days are too quick to spend £1 on a loaf of bread, than to spend £1 on something they can sell for more than £1
BUY the land.
5 years ago my family purchased 2 pieces of land in a foreign country where there was nothing but other pieces of land.
One went for €10,000 and the other for €5,000 (one close to each other so we connected them). Things never slow down, other people built
houses there and my family expected it to be a decent investment because it was so close to the city centre. However it turned out to be better than expected.
5 years later the land is worth €50,000 because prices went skyrocket in that area. Houses used to go for €20-25,000 and now
are easily €150,000! It became the best neighborhood apparently. My family sells those lands to the new mayor of the city.
You usually don't earn that much on land but sometimes it happens if you believe in it. Sometimes the economy as a whole can be
a source of wealth.
For reference purposes, this happens in a small village where nobody expected anything to happen. It is in Romania, 50 km away from Ukraine
5 years ago my family purchased 2 pieces of land in a foreign country where there was nothing but other pieces of land.
One went for €10,000 and the other for €5,000 (one close to each other so we connected them). Things never slow down, other people built
houses there and my family expected it to be a decent investment because it was so close to the city centre. However it turned out to be better than expected.
5 years later the land is worth €50,000 because prices went skyrocket in that area. Houses used to go for €20-25,000 and now
are easily €150,000! It became the best neighborhood apparently. My family sells those lands to the new mayor of the city.
You usually don't earn that much on land but sometimes it happens if you believe in it. Sometimes the economy as a whole can be
a source of wealth.
For reference purposes, this happens in a small village where nobody expected anything to happen. It is in Romania, 50 km away from Ukraine
Below are purely my thoughts, as these things are subjective from person to person, from a social class to another.
I don't see any advantages of purchasing a new car apart the fact that is new. I find it the worst investment (after womans) in buying a new car. As for the life style items, it depends if you really need them or not, if you want to buy them just because are fancy then you throw the money out of the window.
Of course! Women would always be on the top of the list I don't see any advantages of purchasing a new car apart the fact that is new. I find it the worst investment (after womans) in buying a new car. As for the life style items, it depends if you really need them or not, if you want to buy them just because are fancy then you throw the money out of the window.
. Kidding aside, having a car is quite nice too because through this you can avoid the expenses and struggle which is daily experienced of commuters worldwide (depending on how congested your roads in your country). Having your own car is great because can achiive maximum confort while travelling plus a magnet for hot chicks out there. I think the time when I'm only against with this is when you prioritize it first rather than having your own house, like what you've said, or establishing a business. Remember that car is considered an asset but could cause you expenses. If you don't have the ability to constantly maintain it then don"t buy just yet.
Below are purely my thoughts, as these things are subjective from person to person, from a social class to another.
In my case (an average men living a simple life, not too rich, not too poor)
I don't see any advantages of purchasing a new car apart the fact that is new. I find it the worst investment (after womans) in buying a new car. As for the life style items, it depends if you really need them or not, if you want to buy them just because are fancy then you throw the money out of the window.
Buying a house have a lot of advantages: the prices will remain almost the same or will increase over time, you don't pay the rent anumore, if is bigger you can rent 1 or 2 rooms and get some money back, you don't need to worry that the owner will come to you ans say to need to leave because he is selling to house where you pay the rent, etc...
P.S. You gave me a good idea with the copper scrap Thanks!
In my case (an average men living a simple life, not too rich, not too poor)
I don't see any advantages of purchasing a new car apart the fact that is new. I find it the worst investment (after womans) in buying a new car. As for the life style items, it depends if you really need them or not, if you want to buy them just because are fancy then you throw the money out of the window.
Buying a house have a lot of advantages: the prices will remain almost the same or will increase over time, you don't pay the rent anumore, if is bigger you can rent 1 or 2 rooms and get some money back, you don't need to worry that the owner will come to you ans say to need to leave because he is selling to house where you pay the rent, etc...
P.S. You gave me a good idea with the copper scrap
Thanks!
I like your thought if you want to save your cash that doesn't mean that you have store your cash in your home just use it to make more money. You can invest in bitcoin or you can do crypto trade to keep busy your money.
Most people in the UK didn't want to join the European Union. They were led to believe that it was just a trading group and not a loss of sovereignty.
It's extremely complex though, because the City of London actually controls the EU, and this is why so many of the political elite are trying to block the exit. The City of London is now effectively a different country, and it is the base for the Anglophone empire that replaced to old British Empire.
The disparity in the brexit is not that wide although it was close with the vote at the referendum but I know brexit must have lost most people who believed in it, even David Cameron felt he didnt give enough awareness of the implication of brexit, now the politician has turn it into drama. Sadly some countries are benefiting more than the UK and getting more powerful. London's review is not good enough cause it owns more of the 1% high income earners, they can afford anything even after brexit with convenience. It's extremely complex though, because the City of London actually controls the EU, and this is why so many of the political elite are trying to block the exit. The City of London is now effectively a different country, and it is the base for the Anglophone empire that replaced to old British Empire.
Every country has a different lifestyle, like for example here in our country the best investment is to buy land. The city where I'm living is being constructed to become a modern city like any other city in the world. so the right investment is to buy land before it becomes expensive when the city became organized.
I think land is a very good project to go into. Buying land is good investment in many places. Some countries don't have much left and that is the reason they make use of the one they have by building skyscrapers and tall buildings that will accommodate people. Land always appreciate in the value that it was bought so a resell means gain to the investment.
Every country has a different lifestyle, like for example here in our country the best investment is to buy land. The city where I'm living is being constructed to become a modern city like any other city in the world. so the right investment is to buy land before it becomes expensive when the city became organized.
In your case, you should save your money until you find something right to invest your money with. you need to consult some people who are experts in this kind of stuff. I mean some people in your country cause they are the ones who truly knows how your economy works.
In your case, you should save your money until you find something right to invest your money with. you need to consult some people who are experts in this kind of stuff. I mean some people in your country cause they are the ones who truly knows how your economy works.
In this thread I want to talk about the purchase of everyday items, and improvements to one's lifestyle. I believe in Bitcoin, gold and silver for the preservation of wealth, and I'm also acquiring scrap copper to sell when an economic recovery eventually arrives. Id like to discuss the advantages or otherwise of purchasing new cars, houses or other lifestyle items.
Cars are an interesting topic, and I believe that it is netter to own an older car that one can service oneself in an emergency. I'm also buying some tools to convert a van into a mobile home, as I believe one will have a better lifestyle if one is outside the expanding conurbations. I'm not too keen on electric power for cars either. An older diesel that is capable of being powered by vegetable oil is a good backup in case there is an oil crisis.
I'm starting to switch to solar power for the electrical equipment in the van. Photovoltaic cells are improving all the time, and the costs are dropping, but I think it important to achieve some offgrid capabilities as soon as possible. I've also purchased a wood burner for cooking and heating.
I'm interested in purchasing a small woodland, but I'm not sure if prices will increase or fall over the next couple of years. My feeling is that the best option is to purchase Bitcoin now. My instinct is that it will increase in value far more than freehold woodland. As a UK resident, I have more of a problem than most when considering fiat savings. It is almost certain that we will leave the EU, and this will result in a massive boost for the UK economy. This will result in an increase in the value of Sterling, but this is only really relevant if one is investing abroad.
So what do you guys think is the best plan for the next couple of years?
Cars are an interesting topic, and I believe that it is netter to own an older car that one can service oneself in an emergency. I'm also buying some tools to convert a van into a mobile home, as I believe one will have a better lifestyle if one is outside the expanding conurbations. I'm not too keen on electric power for cars either. An older diesel that is capable of being powered by vegetable oil is a good backup in case there is an oil crisis.
I'm starting to switch to solar power for the electrical equipment in the van. Photovoltaic cells are improving all the time, and the costs are dropping, but I think it important to achieve some offgrid capabilities as soon as possible. I've also purchased a wood burner for cooking and heating.
I'm interested in purchasing a small woodland, but I'm not sure if prices will increase or fall over the next couple of years. My feeling is that the best option is to purchase Bitcoin now. My instinct is that it will increase in value far more than freehold woodland. As a UK resident, I have more of a problem than most when considering fiat savings. It is almost certain that we will leave the EU, and this will result in a massive boost for the UK economy. This will result in an increase in the value of Sterling, but this is only really relevant if one is investing abroad.
So what do you guys think is the best plan for the next couple of years?
In my opinion with regards to cars I will remind you that car price devalues over time and probably not a good idea to spend money unless you have a lot in your savings and don't have any more important things to buy( I prefer buying more lots than cars since the prices can go up drastically as more time passes). Maybe you could start focusing first on your house first since it is one of the basic needs and a great investment in the future and if you want to sell that house and migrate to other place the value would probably be higher than before.
Everyone can talk exclusively only about themselves and their experience.
Each of us has a different personal situation, so what is good for me is not for others.
I always prefer to have money for both spending and saving.
The situation can always change, such as illness or loss of work, so it is always good to have a cash reserve.
Right now I just hold my btc funds in the wallet and spending only fiat money.
Each of us has a different personal situation, so what is good for me is not for others.
I always prefer to have money for both spending and saving.
The situation can always change, such as illness or loss of work, so it is always good to have a cash reserve.
Right now I just hold my btc funds in the wallet and spending only fiat money.
Save part of your money and spend The other.
I had invested part of my money buying some terrains in The City and i want construct on them, since im recently finished my bachelor in Civil engineer.
I had invested part of my money buying some terrains in The City and i want construct on them, since im recently finished my bachelor in Civil engineer.
You should either save your cash, or invested in Bitcoin and all coins. if you spend your cash it will be gone unless you need it for some extremely important thing.
Simply put, cars, boats, and other lifestyle items are not an investment but rather a cash sink. The purchasing a house thing is a decent idea though. It seems like you're prepping for a collapse of some sort. A little bit of property would do you wonders for this. It will give you a place to store everything you're collecting and also the ability to practice using all of your collection. A tool won't do much good unless you know how to use it. I myself could be rich to the core and probably wouldn't ever own a brand new car. It's just not worth it for me. That thing decreases in value as soon as you drive it off the lot. I prefer to get on Facebook or something and find a good deal on a vehicle that just needs an alternator or something installed in it that people don't want to mess with. It may cost them upwards of $500 or so to get it done at a mechanic, but if you know how to loosen a couple of bolts, you can do it yourself for like $100. I tend to do this with everything. Even the video game consoles I have.
Buying some woodland would do better for your plans. As far as I know no one got in serious problems with money owning some land or a woodland which is even better but it all depends on what area of the world you're living on. If you're in Europe , investing into land and agriculture will bring you nice incomes especially if you have some farmers who can cultivate and maintain it along the year. I have some land in Transylvania and I never touched it in all this years and I don't even think to do this for the next years and since I was a kid it was an area when it was full of young threes now after more than 30 years it became a forest. What do we learn from this ? Time,patience and discipline brings you wealth.
... It is almost certain that we will leave the EU, and this will result in a massive boost for the UK economy. This will result in an increase in the value of Sterling, but this is only really relevant if one is investing abroad.
I suggest that you put your money where you text is then. Sell your crypto and other investment and put everything in pounds and wait for brexit... an please, let us know of your inmense gains afterwards
... the land never loses value.
You don't happen to know anyone from Japan do you?
I'm currently converting a high top van into a camper, and I want to use that to stay at vintage fairs, and exhibit old farm and horticultural machinery. I'm being a bit slow with the conversion. I'm using the van with a partial conversion, and it's great to wake up a few yards from the sea on a sunny morning.
Jump to: