Topic: What would you do in this situation? Invest or save? - page 2. (Read 1566 times)

I think if 20k meets the type of business you dream of, then depending on your friend's job, continue to keep 15k in your savings book and try to save another 5k. This is safer and more practical. Also, borrow $5k or my additional opinion is save $15k in bitcoin and you keep your job because bitcoin is uniquely trusted and carries absolutely no risk.

The business requirement or the capital in which you projected for the business is $20,000 and you have finally gotten $15,000, that should depends on the kind of business you wants to embark on. They are some businesses that you need the complete capital to start while some you can start with the amount that is available at hand. And if you are in the one that needs the total amount of capital to start then you can sort for a way to get it. Either in the bank or loan givers. But if you are in the one that you can start with the available cash then you can start with it.

But if you are thinking that you want to invest with in bitcoin and planning to start your business when bitcoin price is high my brother that is where the risk of investing in bitcoin come to play. One, you have to wait for a very long time for you to gain your remaining $15,000 and that also depends on the movement of bitcoin price and the time of the prediction of the next bull market. And in the process bitcoin price comes down to below $15,000 and your time of prediction has reached. Then you will loss out from the two sides. Now what I will advise is that, you can invest the $15,000 in bitcoin and continue your hustling to add the remaining balance and once you complete the balance then you can use them to start your business.

That's a really big amount. Well, in fact, I can buy a rental house for that amount, or a row house, and then I can build a small business and also buy a brand new motorcycle for 15,000 dollars.

But if all of that is allocated to a traditional business, it would be nice to have an eat all you can that is very affordable to the people, but it comes with a class that even students can afford, right? The buffet business is still a trend today; it is becoming a trending business in this era here in our place.

In my country, have $15k is huge amount and you can start many business worth much profitable in the yearly such as investment in palm oil or any agricultural kinds. But depend on your skill are understanding with build up real business or likely you want to invest in bitcoin, regarding bitcoin price up every day its worth with that amount and possibility earn much profitable in the future more than $15,000.
Regarding with my fund hold on some altcoin, I prefer for investing your money in bitcoin and make good plan as long or short term trading, you can earn around 4% to 10% in daily regarding investing on the top coins such as Bitcoin or Ethereum, I believe have much profitable in the future than holding in the bank with small profitable earning and keep lower values due inflation.

OP, I want you to know that not all businesses that their owners start with the required money before they start up the business they have in mind. Some of the big businesses you see today, their owners started with a small money before they flourished to be big.

That's to say, A business must not start with a large amount before someone thinks of endeavoring into it. Start with the little you have, with steady consistency and commitment the business will blossom.

In every business, their profits don't come at once, they come regularly(little by little), and by saving the profits, you expand the business.

That's why you will find some people would like to start up businesses no matter how little the profits can be. Because they are hopeful to expand it in the future through the profits they receive from the business

Some people know how to tolerate risks, 15k seem too much for investment but it's something I can easily live with, I know there is risk of losing it all but there is a saying to never put all your eggs in one basket, if you follow this strategy of diversification you will still win in the end.

I can decide to invest this whole money if I have another means of surviving, I've done it before where I solely believe in crypto investment only, and on the long run I made money bigger than what I could make if I have invested it in a business, crypto investment is more lucrative if you know how to go about it, we are still in a bear market right now and I am already in good returns of my investments.

Running a business is not bad but I will prefer to invest most of my money into crypto than to invest it in anything else, tell me about a business that can turn $1000 into 10k in just two months, if you know what you are doing with crypto you will make a lot of money.

Funds always need to be diversified, and some part should be as a reserve for unforeseen situations, which we will not invest, but it will always be available to us 24/7. And the remaining funds should be invested only if you are confident that this investment will bring you profit and you understand what you are doing. If this is some kind of investment on someone's advice, then I would avoid it. Also, if anyone wants to buy Bitcoin now, then I would probably say that the best time for this has already passed, most likely you can still get x2 or even x3, but is this such a good profit when we are talking about high-risk investments?

However choosing option 1 is not easy and might result in an unexpected result. Investing in smaller businesses, or other people's businesses means that you're not the one holding your money to run the business. This option also shows OP making a rush decision where he can make a quick profit. The best option is to invest money in Bitcoin or if he does not consider investing in crypto, he can save more money until he makes enough money for his planned business.

If your ideal business will cost you $20,000 or more, invest your $15,000 in Bitcoin, not into a smal business, because that's more risky in my opinion.

It's all about waiting game when you bought Bitcoin right now, or you could do something else like find away to earn money until you save $5,000 to complete your capital for your ideal business. It will depends on a certain person which option he would prioritize, on certain circumstances as well.

Well it depends on a state and country due to their cost of living. $15,000 is big enough for us who's living in Asia, you can buy a land or simple house and lot here in our country. With that, I suggest to used the half for business and the other half is for savings since we all know that building a business even if it's small or big, it will cost big risk and the potential of failing is always in there. Not being a negative thinker but It's better to think ahead of time so we can have a back up plan for the future.

15 000$ starter in small business? Are you serious? Do you know that amount is not a small amount for us here in our country for the small business you are talking about? With that amount, I might have a convenience store or grocery store.

If it's that kind of amount here in our country, that's not a practical start-up for business because it's too big. You can have a business here even with a $50-$100 start-up, and there are a lot of microentrepreneurs here who have already become successful after several years of managing the businesses they built.

If you are afraid to take risks of investing that money, keeping $15,000 will be a wise decision. But if you just keep it, it means you don't invest that money. If you want to invest that money, you must choose the option of number 1. Both have the advantage and disadvantage, it depends on us to choose which option that is suitable with our condition. IMO, if we have no proper capability in investment sector, it will be too risky to invest $15,000. But if we know well how to invest in a certain thing and we are pretty sure to gain profits, investing $15,000 should be an interesting way.

No. 2 I prefer he keep $15K safely while working via other ways to find a means of earning the remaining balance, for him to work hard to earn $15K I think it won't be long before he would earn $5K and I also believe that his choice of $20K business would be a successful one that is why he is insisted on finding funds to balance up, however investing $15K on other business in his bid to earn extra $5K might fail due the fact that it's might be nonviable business and the pressure to earn $5K quickly might lead to incurring losses to the fund thus jeopardized his plan.

  Between investing and savings, there's advantages and disadvantages. Now there's an amount of money with you, what would you rather do with it? Will you put it in a business that has the possibility of multiplying and yielding more returns or you'd rather lock them up somewhere where if opened next time will still remain at same value or even less. The issue with investments is fear of a break or fall out. What if the investment doesn't grow, what if it gets halted and depreciates what if losses are incurred, then the money which you'd have saved would be wasted just like that.
  For Savings, what if you had invested and it had really boomed, at least it'd have been better than still being left with same amount with same or even less value. Both ways the best is to save some and invest some just incase one or both works out, at least there'd be no loss two ways. Don't just jump into investing, take right precautions and ensure you make right decisions before putting your money in anything.

If I just choose number 2. Just leave our investment there and take him back when the time comes as you said. At least this is wiser in investing and we can relax and enjoy life and the available funds are sufficient to recharge our bodies which feel tired due to full activity.

Are we going to dedicate our time to making money for the rest of our lives?

Questions like this you need to carefully think on what exactly to do, but with way the economy is going saving is kind oh a bad idea I will prefer to invest and get returns either daily or monthly depend on the chosen investment. Because sometimes you might have the intention of saving but at the end of the day you might end up spending the money.  And true that business don't have 100% assurance but I still choose investment is left for me to chose my investment wisely. And their are businesses you can start with small money, but like you said it is an individual decision, you want to safe you can go ahead you want to invest you can also invest.

Alternative ways are really good for taking business loans, try to do financial transactions through banks. If any loan is taken the loan amount should be maintained even expenses like phone bills need to be documented. In this way not only the accounting of the business is easy but also the quality of the business can be increased. Again the same business may have different budgets for different tasks everything can be accounted for. Then you don't have to calculate every time it can be understood at a glance whether the business is going towards income or expenses.

well yeah.. Having sufficient capital is the most important thing to start a business. It allows you to cover the initial expenses involved in setting up your business, such as obtaining permits, acquiring equipment, and purchasing inventory. Having adequate capital also provides you with more flexibility to make strategic decisions and adapt to market changes.

But then, relying solely on borrowed capital can put a strain on your finances and increase your risk of failure. Excessive debt can lead to high expenditure, which can eat into your profits and hinder your business's growth. It is advisable to start a business with your own savings or by securing a small business loan that you can comfortably repay. This will give you more control over your finances and allow you to focus on building a sustainable business model. By managing your capital wisely, you can increase your chances of success and build a thriving business that not only generates profits but also provides you with long-term financial stability.

    Both options are good and they both will yield financial returns but just one has a 50% probability of either yielding more returns or loosing all but still is the best of the two options and it's actually the one I'd settle for personally.Saving is good cos it serves as a savior in rainy days where there's a situation of exhaustion and backup oils urgently needed but it doesn't make for greater income in the long run.
    Investing on the other hand has a probability of failing and also scaling through, it's unpredictable and it should be expected in situations where it fails and causes loss. Investing is the best option because it even gives better chances of working out and definitely when it does work out, the outcome will be evident.
So for me, I'd opt for an investment plan no matter how small the capital or the business may seem because there's far more better advantage in investing than saving and the disadvantage gap too is clear.

Of course that's true, because something that will be run through a process with the aim of success will always have risks that will follow us, whether it's the risk of failure or loss and others. Therefore, of course, as you said before starting a business, the main thing that must be considered is designing a plan that can really lead you to the goal of success, besides that there are still quite a lot of other things that you prepare such as management, capital, market research to determine targets, marketing to attract more audiences and others. None other than because business competition with other competitors today is very tight, they do not hesitate to do anything that can make them superior to us.

Returning to the topic that capital is indeed the main thing that must be owned by everyone who wants to start a business, of course you need to prepare a sufficient amount of money to start your business plan, if you feel that your finances are still insufficient then yes it is better to save first, because with you having strength in terms of capital then maybe you will also be more free to carry out your plans and of course it must also be with good management, do not let you force for example by borrowing from others or to the bank because of course it will cause pressure, while on the other hand the business will have ups and downs in terms of profit.