Wise thing to do with your savings. - page 41.

Meowth05

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Quote from: Exeus on June 28, 2018, 03:21:07 AM

Quote from: Bastok on May 25, 2018, 02:01:10 AM

Quote from: Kolly on May 25, 2018, 12:41:54 AM

Quote from: Pumapipa on May 25, 2018, 12:03:52 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?

Emergency funds are not to be deposited in a time deposit account. Time deposit accounts have specific time before you can withdraw it and you can never tell when you are in need of it. Also it is not wise to invest emergency funds because you are doing away with the main purpose of such savings.

Best thing to do with your savings is to invest, except for emergency fund. From the word emergency ,it means that funds always be ready because we dont know when we can use it. Emergencies is unpredectable. And when we allocated a money, savings and emergency fund is not the same. For the savings, it is not a good idea to put in just a bank.if you want to grow your savings ,it best to invest like the cryptocurrency

You have a point we don`t know what exactly will happen so we should have an extra money for emergency funds, as what you have said in terms of emergency we have already available funds to it and having a mindset of saving the money in the bank is good, but if you want your money to become more efficient in the future you can invest in crypto.

You have a point, it is better if we will sort out our money into different ways like the other one can be save for emergencies, other one will be kept at bank and maybe lend on a business. Everytime we get our salary or income always remember to divide into pieces thus, the money will not be problem in case of emergency.

cheann20

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Quote from: Pumapipa on May 25, 2018, 12:03:52 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?

For me the wise thing i made to my saving to invest in crypto, since i started learn in crypto trading and investing thats the start to change my life, im so happy to make money in crypto while im in my bed and dont do anything. My Life really change.

dante golo

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If I often set aside some income to remain in use as an investment in various altcoin because it is still possible for us to continue to earn an income when the exchange rate increases drastic.

Ems30

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Quote from: Pumapipa on May 25, 2018, 12:03:52 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?

Saving money 20 percent from your passive income is great to have your saving if incase you will retired,if you are emlpoyment now but better to have an extra passive income investment to earned a lot of more than saving at up to 20 % because is much better also to invest you from other kinf of investment if you like at traditionally method,,but if you invest to cryptoland is better to invest at small amout for starting to alest to make aware you aware from ther risk.

SHAWN-MIDWAYS

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Quote from: Tukmol29 on June 28, 2018, 02:48:15 AM

The youth today believes on principles like life is too short and thus does not understand the importance of savings or limiting the expenses. One should just keep some for emergencies.

I don't have any wise ideas or thing which i can to do with my saving. All i know just support my family, I have to support my kids, My wife, my father and my mom. I just want to say thanks for bitcoin who gives me new life i earn for my family whenever we need some money i withdraw my coins and convert them in my fiat.I don't have time to think what should i do with my saving. Making a wise plan with your saving is good but everything changes when you start spending wedding life. Maybe in future, I plan to do something from my saving but now its not a time for making a plan

NewRanger

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Quote from: nur rochid on June 28, 2018, 03:00:21 AM

Quote from: ov3rflow9x on June 28, 2018, 02:32:20 AM

Quote from: Pumapipa on May 25, 2018, 12:03:52 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?

Investing in cryptocurrencies seems to be not the worst decision, but always you need to consider that you can lose all of that, anyway if you would just hold your savings at your home, you can lose it also, buy some nature conditions, etc.

then use free money, so it does not burden your psychology. in addition we must have the right time skills to enter and exit the market, so as not to be affected by fud or fomo that can harm us

use our freemoney make our psychology stay calm , while value of bitcoin our crypto asset decrease.it need hard mental and emotion.market volatile could make us panic and even sell our asset.so it too risky while we invest using our emergency fund.

Exeus

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Quote from: Bastok on May 25, 2018, 02:01:10 AM

Quote from: Kolly on May 25, 2018, 12:41:54 AM

Quote from: Pumapipa on May 25, 2018, 12:03:52 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?

Emergency funds are not to be deposited in a time deposit account. Time deposit accounts have specific time before you can withdraw it and you can never tell when you are in need of it. Also it is not wise to invest emergency funds because you are doing away with the main purpose of such savings.

Best thing to do with your savings is to invest, except for emergency fund. From the word emergency ,it means that funds always be ready because we dont know when we can use it. Emergencies is unpredectable. And when we allocated a money, savings and emergency fund is not the same. For the savings, it is not a good idea to put in just a bank.if you want to grow your savings ,it best to invest like the cryptocurrency

You have a point we don`t know what exactly will happen so we should have an extra money for emergency funds, as what you have said in terms of emergency we have already available funds to it and having a mindset of saving the money in the bank is good, but if you want your money to become more efficient in the future you can invest in crypto.

nur rochid

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Quote from: ov3rflow9x on June 28, 2018, 02:32:20 AM

Quote from: Pumapipa on May 25, 2018, 12:03:52 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?

Investing in cryptocurrencies seems to be not the worst decision, but always you need to consider that you can lose all of that, anyway if you would just hold your savings at your home, you can lose it also, buy some nature conditions, etc.

then use free money, so it does not burden your psychology. in addition we must have the right time skills to enter and exit the market, so as not to be affected by fud or fomo that can harm us

Tukmol29

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The youth today believes on principles like life is too short and thus does not understand the importance of savings or limiting the expenses. One should just keep some for emergencies.

ov3rflow9x

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Quote from: Pumapipa on May 25, 2018, 12:03:52 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?

Investing in cryptocurrencies seems to be not the worst decision, but always you need to consider that you can lose all of that, anyway if you would just hold your savings at your home, you can lose it also, buy some nature conditions, etc.

neonshium

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Quote from: samputin on June 24, 2018, 07:20:49 PM

Since the bitcoin is volatile no assurance to earn profit in the date you want, the best way to secure our future with our profit to the cryptocurrency is to save some profit and build a business. In this way, the bitcoin you hold can't be traded in low price that usually causes of losing. Making another source of income is the best solution to avoid losing money because incase of emergency or unexpected matters you have money to be use.

One can buy a house or small land or flat and a car as well if savings are more in amount but this is not in benefit or less benefited. The benefited source is the crypto market in the modern world; the highly rated and recommended investment is the Bitcoin investment.

This is because it is a well and most profitable investment among all the other sources therefore using your savings here will be in your benefit.

Anya Doreen

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Quote from: Pumapipa on May 25, 2018, 12:03:52 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?

I think it will be best to save the money in a bank but not on a time deposit one. We can never really tell when will we be needing the money for emergency. So we can never really invest it to something too. It's better to keep it safe and have another money for investment or business purposes.

onrise

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Quote from: ov3rflow9x on June 25, 2018, 08:47:24 AM

I suppose, that's one of the best decisions that you can make about your savings is to turn them into factors which would bring you a passive income this is like a dream for me.

Always invest in various instruments so that you are not depended on one item only. Because it possible that those market is down or will never recover and you require money and you have to sell it in a loss. So better if you stay invested in various option it will give you a good return as well.

ov3rflow9x

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I think it is a hard question and it depends on every each person, If you ready for the case that you would lose your money that you have saved for some long time you can of course invest here...

Bit-Tech

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I agree with you and you need to invest that one in cryptocurrency. It really works best especially nowadays most of the crypto market price are drop and this is the best time to buy for it. YOu can invest in an establish crypto like bitcoin, ether , ripple and neo. There are others as well that you should consider. Just check their market volume cap rankings in the coinmarketcap.com and see for yourself what crypto will suit you best.

SirEGB

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i think the best to do with your savings is to invest i mean it's better than just keeping it right there why not investing and earn some interest

ausbit

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Quote from: samputin on June 24, 2018, 07:20:49 PM

Since the bitcoin is volatile no assurance to earn profit in the date you want, the best way to secure our future with our profit to the cryptocurrency is to save some profit and build a business. In this way, the bitcoin you hold can't be traded in low price that usually causes of losing. Making another source of income is the best solution to avoid losing money because incase of emergency or unexpected matters you have money to be use.

With your savings you can buy a small house and may be flat or other products which will not give you any benefit and if then it will be a small benefit.

If you want to get huge benefit from your savings then you are to invest it somewhere in the crypto market and the most recommended source is the Bitcoin which is favorable for long term. For experience you can start from short term with Altcoin or Litecoin and then can upgrade to the Bitcoin.

liivii

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Save plenty of money for future purposes is the wisest thing to do right now and having gamble only the amount you afford to lose so that you'll not regret the decision you've made. We all know that we need to risk here in order to make some profit and risking is a hard decision to make so having some knowledge will make your chance higher and you'll easy to make decisions. So your not really on crypto better go and find some ways to earn money so that you will maximize your savings.

Wildwest

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Quote from: Pumapipa on May 25, 2018, 12:03:52 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?

Saving it and going to pull it out when I need it but it's for important purposes. However we are saving there must be a goal whether it's for personal or entertainment needs but savings will not be wasted if used for the important thing

beezare

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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

Topic: Wise thing to do with your savings. - page 41. (Read 8220 times)