Wise thing to do with your savings. - page 4.

camric09

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Quote from: redsun114 on September 19, 2018, 07:46:48 AM

Quote from: congresowoman on September 13, 2018, 07:07:27 AM

In my opinion, wise thing to do is to start up a small business and learn the art of investing. In times like these, interest rates on a bank savings account is very low, not to mention withholding taxes, very frustrating cause your money cant grow that big on a bank.

Start a business with your savings depends upon the amount of savings will start with either small scale business or large scale business is in benefit.

Do not waste your money in useless things and think about it for some time to invest it somewhere or in currency but the great idea is to invest in the crypto-currencies as we know that this is now the sight of investors due to the huge profit they can get from here.

I agree, better to have a stable business, but before to do that we must have enough knowledge and funds to start a business and at the same time we can also use it for investments in crypto.

redsun114

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Quote from: congresowoman on September 13, 2018, 07:07:27 AM

In my opinion, wise thing to do is to start up a small business and learn the art of investing. In times like these, interest rates on a bank savings account is very low, not to mention withholding taxes, very frustrating cause your money cant grow that big on a bank.

Start a business with your savings depends upon the amount of savings will start with either small scale business or large scale business is in benefit.

Do not waste your money in useless things and think about it for some time to invest it somewhere or in currency but the great idea is to invest in the crypto-currencies as we know that this is now the sight of investors due to the huge profit they can get from here.

BitTraderCute

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Quote from: Blinker123 on September 18, 2018, 04:51:48 AM

Quote from: Pumapipa on May 25, 2018, 01:03:52 AM

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?

My strategy with my savings now. I saved the 20% for my emergency funds, if i need money i have my emergency funds. The 80% of my savings i can invest it in crypto or play it (gambling). Because it is good to invest your money in gambling and also in cryptocurrency.

i am prefer using only 30 percents of my money into cryptomarket, and 20% again on forex market.and 50% left in my national currency.i am comfortable with this scheme.

Blinker123

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Quote from: Pumapipa on May 25, 2018, 01:03:52 AM

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?

My strategy with my savings now. I saved the 20% for my emergency funds, if i need money i have my emergency funds. The 80% of my savings i can invest it in crypto or play it (gambling). Because it is good to invest your money in gambling and also in cryptocurrency.

CharlieArtist

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Saving is the best things to do for our future. So, it is better than all of us has savings. If your salary is a monthly basis it is better to have a budget list. Listed the most important things you need on a daily basis. And have a saving from monthly salary, although isa small amount. If my saving becomes big I will invest it into cryptocurrency coin.

SirLancelot

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Quote from: mark 6 on September 12, 2018, 10:56:05 AM

we should all be aware that crypto might be very profitable but on the other hand it is not very easy to turn into cash in a very short time period. so keeping your money in crypto for emergency cases is not a very good choice i guess.
Lips sealed

If you want to do justice with your savings then invest it somewhere so that you may continue to make some more money. This is good if you start with something have long term trusted store of value even if it is 20 percent then it is a good investment. In the current technological world we have Bitcoin and other few best coins for short term so it depends upon the amount of your savings.

BryanRoseWalker

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I divide savings for assets, I cannot expect prosperity only from the savings, I prioritize assets that are developing and active so that there are still profits that are well maintained and hope to grow more.

crypto taught me many things about assets and it is an obligation to see the various potentials that exist.

Bitcoinbitcoin0909

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Quote from: Pumapipa on May 25, 2018, 01:03:52 AM

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?

The wisest thing to do with your savings for me is to make sure that you don't get to spend it on full for investments. Always remember what its purpose is, to be used for emergency or for the future to secure your finances. Be smart with your investments if ever you will get some from your savings so that it wouldn't go to waste.

zymoticmosis

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In 2013, a full 70% of college students graduated with debt, averaging $30,000 in student loans. Student loan debt in particular is often blamed for preventing young people from buying homes and growing their wealth, so the sooner you can start living debt-free, the better. If you have debt, it's usually in your best interest to pay more than your minimum payment, thereby reducing the length of your loan and the amount you pay in interest. If you aren't sure where to start, consider the advice from 13 real people who paid off thousands.

btcrut2017

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Quote from: Pumapipa on May 25, 2018, 01:03:52 AM

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?

Savings is needed especially if you have already a family of your own. This your funds in times of troubles and emergencies. So for me saving your money is good but investing it is better in which you can earn higher earning and secure your families future.

amiramakam

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you could invest in Bitcoin with your saving, in that way you can earn some profit from it. that is my advice, the choice is yours.

rricksu

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Quote from: Pumapipa on May 25, 2018, 01:03:52 AM

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?

Yes! I am agree with this statement. As an addition to this, we should prioritize what we need than what we want for us to lessen the expenses.

dreico

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now I'm thinking just to keep my savings away from selling them during a panic, you need to be patient

finzyoj

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Quote from: arin_muah on September 15, 2018, 10:03:52 AM

Quote from: biletskiy on September 15, 2018, 10:01:12 AM

Quote from: Impulseboy on September 14, 2018, 03:01:40 PM

In my experience, putting it in time deposit does not make you earn as much profit as investing it in stocks or bitcoin for that matter. The only benefit of putting it in time deposit that I can think of as this moment is that you can only withdraw your money at a certain point so you can be guaranteed that you will not spend the money on something just because you want to and you can.

I try to diversify my investments. Actually, I deal with the cryptocurrencies and I keep traditional money in the trusted bank. I also buy gold, silver, and platinum sometimes.

you have good plan with your money.and maybe it will run well as your plan.diversify our asset is an obligation for us , in order to survive in this risky market.

Wise thing to do with your savings is keep your investment here in crypto , hold it now that the market is really not in good condition. Then you can invest also on properties like land, coconut farm and also in stock market. Looking to gain more in your saving is the best thing you can do now .

Always strive for new improvement/progress in your savings because the price of goods are getting higher and higher now

Menawi12

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Quote from: Sirait on September 14, 2018, 01:45:05 PM

Quote from: beezare on June 26, 2018, 04:41:04 AM

it would be better if we still have savings outside the cryptocurrency because if we have an emergency need it will be able to use it easily and not affected by the market price at that time, so I always take some profit I've got to save in the bank

the way you do is very good, save a portion of the profits just in case, if the market is in a bad condition. currently, the market conditions are in a downward trend, and I don't have savings, because my nature is too consumptive, this is what I really regret, and I really hope for the rising market conditions Sad

I think we learn from the past and fixing it in the future. Mistake always happen in our investment and we should make a plan. Saving our profits will make us more relax when market volatile like what happen right now

glenntalbot

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Advice: Don't spend your savings until you are no longer needing to save.

ordato

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now you need to keep your savings selling a very bad decision

Btcalimie

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I think the wisest thing to with your savings right now is to buy more coins. As the price falls this is a good opportunity for starters to buy coins since it will surely gives profit in a long run.

missmaria

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Semux

Everything depends on the incomes, actually you can save up to 80$ if your income is suitable for that....but actually 20% is a minimum, I agree here.

Bhargurn

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It is better to invest your savings in securities. For example, by March, compared to January of this year, the amount of money contributed by the population invested in stocks, bonds and other securities increased by 239 billion and reached 3.7 trillion

Topic: Wise thing to do with your savings. - page 4. (Read 8196 times)