Topic: The best way to manage free money - page 7. (Read 1995 times)

For me, the best way to manage free money is by saving it and spend some money that you truly know that you need it, or it will be beneficial. I know some person that spend too much money, but his earning is so very meager that after getting is a wage, it will only last for 2-3 days. So I advise him to save some money and don’t buy some junk stuff that will be your next garbage collection. Even it’s free money, a habit of saving or keeping some money so that in the future you have some money to spend in case of emergency, etc. 

Sad to say but I really cannot tell you what would be the best choice since we are not in the same situation or have the same financial status or life. This means that we won't be able to have the same knowledge about anything and the same funds for investment and this will make the difference on how we will see such investment options. The best course of action I can advise though is to look into your lifestyle, your financial status and your expertise in any field. Think of all these and add them all up so you can get a grasp on where you are good at and where you can be more productive. This then will help you make the right decision and let you choose what is the best investment plan will fit your current status in terms of financial capability.

-hope this helps, good day.

Just my opinion, I'll prefer to invest in cryptocurrency it is because your money has a chance to grow fast and make it double  for what you are invested.

Bank deposits are the safest in terms of capital preservation but offer virtually nothing in terms of return. To earn a return, you have to take on more risk. There's not many things riskier than crypto right now. I prefer assets that produce income, like stocks, bonds or real estate. Ownership of these things generally doesn't let you swing for the fences like Bitcoin, but it's also far safer than crypto.

I would prefer to invest my money on crypto. I will but at low price and sell at high price. Lending or investing in crypto is more profitable especially when you buy your coins at low price and the price will increase at the top of the mountain.

The most reliable option is a Bank Deposit. You'll earn almost nothing, but you won't lose anything.

As you are participating in bounty campaigns I conclude that you are scanning for new ICOs at least every week.

As I also like bounties here is what works fine for me:
I look for profitable bounties and once they paid me out I sell a few tokens for ETH or BTC.
When I come across a nice project in my search for bounties I join it, learn about it while doing the translation and getting to know how the team treats their customers etc.
If I feel confident in the team and project I invest some of my "free bounty money" into this project.
Once the token hits the exchanges I choose an exit point where I pull my initial investment and some profit out and continue to look for the next project.

Hope to have given you a new idea
This can be very profitable 30x and up. Make sure that you invest at the earliest stage possible if you plan on investing.

If you had been looking for the perfect place to invest . The most better and good place to invest is the number 4 in the list which is Gold assets. Because when you invest in gold you will never lose or broke..because gold price still precious and time by time it increases and it is not lowering on its price. So that it is good to invest in gold assets.

today I got a letter from the bank, BCA (Bank Central Asia), it's related to my desire to invest through their bank, and I came, I got questions that struck me as strange, they asked my banking transactions, from where the source, and how to get it, I answered all of it from BITCOIN, and the question does not stop there. because I see you live in the same country as me, do you get the same treatment?

I see the property segment as excellent as a long-term investment tool, and bitcoin or crypto as the main tool for real-time profit. I am not good at saving, I intend to invest my profit from bitcoin to buy property, and the bank can facilitate me to buy by paying several times. you can try this way if your money is not enough.

not all, yes, I do help ICO, and earn money by being a bounty participant, but I do not lost time to enjoy life, of course you may PM me, happy to share experience, but it would be better if we share it all in page of this thread.

thank you soooo much for both of you, geopo and gurang, I've done this long before getting to know crypto, it's a great idea, to help each other and share.

you are very wise mr.d1ceplayer, out there are some people who are born rich, there are also those who are less fortunate, despite trying so hard, but success does not come, some others are very lucky, become successful without the need to be planned, but this does not work for me , I know that, and have to fight hard and carefully manage it, thanks for your advice.

No one has been successful in life without excellent plans and planning. Making a plan is one thing and then executing is the most important part. If you are great plan maker but are unable to follow your plans, you are nothing good practically. Keep in mind that there are many who make plans but only those win the race who follow their plans. Plan your budget and stick to it no matter what circumstances you going through.

Thank you for your advice, I have done these things, what I am talking about is really free money, from the total I get from bounty, I have set aside for safe money.

I totally agree, and I have done, including preparing a child's education budget, in the form of educational insurance and buying productive land, such as oil palm plantations. Thank you for reminding.
"but we only have limited time in daily, don't forget that we need to spend our time with our family too"
on this matter, you may believe, maybe not, I know bitcoin since the end of 2013, starting from googling a game, raising a cow (I forget the name of the game), with some satoshi gifts, the more our cattle, the more results added earnings from referals.
this is actually a fun activity, from the game, I know blockchain, and analyze bitcoin market (used vip.bitcoin.co.id, now indodax.com, poloniex, bittrex, and much more), so I know that bitcoin can be traded, I am more excited to collect bitcoin, and since I got to know the market, I came to know, if there are any coins other than bitcoin, doge, LTC, and ETH was born in 2014. I play faucet, pay to click, and some games with bitcoin pay. and spend considerable time.
2015 I stop playing faucet, and focus on cloud mining and trading, this I can do while playing with family and friends. But my mind is not calm, always thinking about price, and worry about cloud mining scam. and actually happened, some scam mining companies, accumulated I did not lose, most have ROI, and trading ... wow ... I'm really tormented, this is not my way, my heart is working too hard. I often weakhand because of panic. I've tried to learn a lot about trading, but the result still can not mebuat my heart peace.
finally I decided to focus on lending, it is much more comfortable, all the funds in the mining I pull, the remaining trading capital I also input to the balance lending. the result is not much, but sure and quieter.
until I finally got to know about ICO, and I am looking for a gap to be able to gain profit, that is by becoming a bounty participant. this is the part I want to say:
in the process of working on bounty, I still have plenty of time to play with family, meet lots of friends, travel with family when it comes to holiday season, movies, and lots of things. even I can do it at the same time. except for an article, this takes time. but not much, usually I'm more productive at night. so for these 3 years, I really enjoyed the time you talked about.

I am happy to have discussions with you, share experiences, and many things. thank you for joining my post, hopefully not make you bored, I still hope so much to learn from you, and all that is here, about bitcoin, altcoin or about the real things in our lives all.

I chose lending in the market, and I already did in poloniex, did not dare to lend to individuals, even though I know him, too store, and can damage relationships.

I also agree, and I have divided the budget allocation into 3 parts. Deposits, crypto + lending, and the last part I have not used, because it is still in the stage of studying the investment model, property. you are very wise, thanks for the advice.

Trading is a hobby besides it must have confidence (passion), then you will never be bored with the trade.
Trading is not just a sale and a purchase that is measured with instant gains, but must be through sound financial management (trading strategy). if you already feel bored trading, I suggest you to invest in some cryptoccurency for example cardano, moreno, stellar, ethereum. I think they are a company committed to building wealth.
if you are a lot of money, you can also help someone who is more in need. because it will build your network wider.

good luck sir. 

after all the things that you do, don't forget to save your money for your kid's sir, always save more and more besides making an investment. we want to prepare and set it up for our kids, right? but I give my two thumbs for you and this could be a good lesson for us on here so we can learn from you. we can do many things but we only have limited time in daily, don't forget that we need to spend our time with our family too. cheers.

If I were you half of my income goes by saving in the bank and you can use it for emergency matters then buying property is also a good idea for a long term plan it also profitable or you can also do the others like investing on crypto currencies or else bitcoin and eth are very much profitable these day, But still you are the one will make a decision on how will you manage your money.

I agree for that. For me, first thing to do is to plan what will your tactics on how will you make it bigger. Save it for your future purposes as much as you can. Just be wise in handling your money. 

It isn't a trap question mate I'm not good with those.

I see that you are really working hard with those and we all know when you work hardily to something and you committed your time and effort there, in the end it's all worth it.

Thanks for sharing your experience boled.

I would advise you to lend your cryptocurrency to people you know and have a good reputation.
By lending your cryptocurrency to the right people you will get a walking profit.
The system by applying for the results of how much%

If my advice you should learn about Trading. Try you learn slowly about Trading and if you already understand, you can practice it. Nothing is difficult if from us we want to learn and develop. I am sure if you are really sure you will get a huge profit. Do not miss this opportunity.