Topic: Wise thing to do with your savings. - page 23. (Read 8196 times)
I would go against any temporary deposit schemes since if you had an emergency and you can not get cash immediately and two, you literally will not earn anything significant from this, really, and this it's better to distribute this 20% to your emergency fund or invest in something else. It's best to make savings - buy crypto-currencies, but not one, because investing in it will take all your investments if the price falls, it's better to divide the money into different crypto. Thus, the loss of chances will be reduced, and the chances for profit will increase, because in general the prices for almost all the crypto-currencies are growing.
If you want to be rich, the best thing to do with your savings is to invest in something that is highly profitable and they can help you make a lot of money. Than that is the wise thing you should do with your savings
Wise thing to do with your saving is to invest it. Just like on what my prof. said if gain profit with your investment do not get it instead make it additional investment. And if your additional investment gain a profit, don't get it again but invest it again. Don't make your money rest.
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?
For me i don't spend my money for un necessary spending, long term investment is better for the situation of price like what we have experienced now the price did not movable.
Each of us may experience those situations that we really want an instant money and most of the time like emergency purposes that involve health problems. As what I did some of my earnings here in crypto currency I'll put it for insurance company as I can benefit it during emergency as I really needed it. Also, some of my savings may create a small business but somehow may have a little income and someday soon I will invest a big-time business establishments since today I don't have too much savings.
Managin our income is important thing. We should saving our income and make investment with it because we never know what happen in the future. Having insurance and start having a bussiness is very important to maintain our wealth
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?
I should really invest it. Why would we let it sleep if we really need a money in the future? And it is only 20% of your earnings so we don't have to worry too much. But, i should invest in a good and with a future ahead business an not in a risky business.
When you have much money i think that would be good if you are still investing in other valuable thing and maybe open/learn some new bussiness. That would be good after all
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.
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.
Find the right people who share the same investment objectives and goals. It is easier to get along with right minded people and learn from each other.
Make sure that you understand the risks of investing. Many people who invest think they are going to be very successful, and are not prepared to lose all of their money.
If you managed to save your money, you need to spend this money wisely so that you can not ultimately spend that money in vain. I prefer to invest in gold for the long term.
In the investment of course we must always be vigilant, there is nothing safe except to save money under the pillow, saving in the bank never made money grow so the best thing we can do is with investment.
Saving money in the bank doesn't grow that much but the safety of putting of money in the bank is there and that is the reason why we must keep saving and putting money in the bank because we should be prepared for any worst case scenario in our lives. It is also best to do investment beside from saving for emergency fund because it will help our money grow for example, buying some good cryptocurrency in the market.
Hi
My opinion on wise thing to do with savings is, invest it to higher possible income like own business
cause it will not stop producing more income if it continues to grow.
Thanks
My opinion on wise thing to do with savings is, invest it to higher possible income like own business
cause it will not stop producing more income if it continues to grow.
Thanks
If you are a new to investing in stock market and have limited funds, starting an investment club is a great way to learn from other investors and get hands on experience in investing. Investment club is formed by a group of people who pool their money for joint investments.
If I am 20% of that income, I will invest in the safest way possible. When I need it, I can get it back, and if I freeze that amount will be no profit for me.
I prefer investing in real estate. If you get a great location, you're absolutely sure that the prices jack up.
These investments keep turning a profit and allow a person to do very little work and invest very little time to turn a profit.
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 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. 
In the investment of course we must always be vigilant, there is nothing safe except to save money under the pillow, saving in the bank never made money grow so the best thing we can do is with investment.
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