Topic: Wise thing to do with your savings. - page 21. (Read 8196 times)
I would not use that emergency fund to invest in cryptocurrency. Instead, I would allot a separate percentage of my earnings and use it to buy bitcoins. The crypto world is very risky and as tempting as this digital currency sounds, it might be better not to stake your emergency funds all on bitcoins.
The best way to make my savings - to start investing in bitcoin as a new and additional source of income, it will help to save on our future.
Saving is saving.... Allocation for emergency is allocated for emergency.... Do not use if for investment on crypto instead from this moment you should allocate three percent to five percent for it.... It is better decission
do not use emergency funds to invest in risky places, such as forex trading, stocks markets or cryptocurrency. if we use the funds for trading, and it turns out we are losing this is very dangerous for us. especially if at any time we need the funds.
You are trying to get profit so be stick here in crypto currrecy. Its better to buy a long term project instead of interest on banking. Even an eth or btc are enough to hold. No risk for me, so its seems to deposit but still gaining profit. And if need money, just withdraw
As market have fallen back so another opportunity for people to make some good money in short time as market will start recovering very soon and again it will be aback to 8k levels. So people can make 1k $+ easily in some times itself on 1 btc.
Saving is saving.... Allocation for emergency is allocated for emergency.... Do not use if for investment on crypto instead from this moment you should allocate three percent to five percent for it.... It is better decission
do not use emergency funds to invest in risky places, such as forex trading, stocks markets or cryptocurrency. if we use the funds for trading, and it turns out we are losing this is very dangerous for us. especially if at any time we need the funds. 
You are trying to get profit so be stick here in crypto currrecy. Its better to buy a long term project instead of interest on banking. Even an eth or btc are enough to hold. No risk for me, so its seems to deposit but still gaining profit. And if need money, just withdraw
I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
The smart things you can do with your saving is to spend it in a good way you can build your own business
Doing business is pretty amazing, investing is great in term of profit making. Saving is not that profitable especially if you put it in the bank so make sure not to put too much money on your savings, find ways on how your money can gain profit.
I like one thing in the start that it is better if you have decided to start with savings only otherwise it will hurt you if you are not well here. The first priority should be your knowledge to educate yourself about the modernism and the crypto investment. Now if you have learned then invest it in Bitcoin for long term or in Ethereum while for short term Litecoin is always here.
The wise thing to do with savings is investing or developing a business. saving money is very good to use for investments that the value always goes up, for example: buying land or you can also raise livestock such as goats and cows, so that your money will increase.
Saving is saving.... Allocation for emergency is allocated for emergency.... Do not use if for investment on crypto instead from this moment you should allocate three percent to five percent for it.... It is better decission
I personally find the best wait to do your savings is to invest them.
If you are able to invest in a "safe" investment you will be able to earn passive profits that will give you the opportunity to do activities you like or you have dreamt about such as traveling, sightseeing extreme sports etc.
Savings is the best way to increase your passive income!
If you are able to invest in a "safe" investment you will be able to earn passive profits that will give you the opportunity to do activities you like or you have dreamt about such as traveling, sightseeing extreme sports etc.
Savings is the best way to increase your passive income!
I believe that emergency funds should always be ready to be use and not in a time deposit account. It is also not to be used as an investment fund since it is for emergency not for investment. You don't want to sell all your investment once there is an emergency, that is not just right. So the wise thing to do is to segregate your money into tithes, investments, emergency funds, utilities, groceries, loans etc.
Savings are savings and it must be safe at all times. Wise thing to do with it is put the half of your savings in an investment which you can make sure it will grow even just a centavo.Without savings, unexpected events can become large financial burdens. Therefore, savings helps an individual or family become financially secure. Money can also be saved to purchase expensive items that are too costly to buy with monthly income. I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
If you already have invested in crypto, and now you have spare money, i think it's better to split your risks and invest them into more stable market or investment opportunity.
It can be pretty much anything - real estate, gold, or even bank deposit, as there you will definitely have less chances to loose your money.
Investing everything you have in crypto is a way too risky approach, because as you see right now market suffers a great downtrend since the last 7 months, and not many people are able to take such risks, they fell in depression, become angry and aggressive, which damages their health too.
If you don't like investing in traditional markets, then simply put your money under the pillow, but be aware that they won't grow there at all.
It's always best to put your surplus money in some growing asset to grow your money against inflation. People tend to put surplus into saving accounts earning nothing. Rather put money into shares, stocks, forex, property or cryptos which at this point offer pretty decent ROI if done properly. But yes, risks are high so are the rewards. There is nothing wrong in taking risk with the surplus amount.
We could used a part of our saving on our investment or a way for us to earn in the future. Where it could give as profit in the future and chance to earn more. It is not advisable to used it on things we do not know so it is better to used it as an investment on business we know or we could learn the system of cryptocurrency for us to earn and gain profit in time we learn it.
I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
You have all the freedom on deciding what you are going to do with your savings. Savings are meant for some emergency purposes or for the security of your future and if you are not going to be wise about it, you may loose it. You should risk only some of it and store the rest so that when you don't become successful, you still have something left. So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
Wise things to do with our savings is always save at least 20 percent of our salary ever month, also if you are good in business you might use your salary to build an small business to have an extra money add on your savings and could support your some financials.
All we wants and need someday will rely on it. Spending on the right time and have a valued for you is the best thing/move to do with it. So don't waste our savings.
well maybe I will use well the savings that I have received for a better and more useful future.
A lot of people said that, I heard it in the class I usually attended and a lot of my elementary classmates saying it but it did not happen. You know, you don't need to rely on money that you have or you will have, you need to rely on yourself to have a better and more useful future. I am saying this to my class everyday and well, I don't know if that is getting through them.
If you are not afraid of risk then please invest in ICO, perhaps they will make you profit many times the amount you have initially, so take the risk and the wealth will come to you.
I think wisest choice is to diversify. If you diversify enough for as many different things as possible than you will have as little risk as it could be. If you have 100 dollars saved to give an example than you should put 10 dollars in crypto only, you can put 5 of it on bitcoin and the rest 5 can be stuff you believe that will skyrocket and riskier.
With that case if you lost most of that money you are losing only 5% of your investment. Rest should be in gold, stocks, bonds, indexes and so forth for the stuff that are steadier.
Investment is really important in order to secure the best for your future. To invest your time and resources in crypto, especially bitcoin is the best decision one can make at the moment. Crypto is taking over the world, most people who invest in bitcoin have so much confidence to make huge financial gain. Even if you have a job that pays well, you need to invest in bitcoin for the future.
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