Topic: Wise thing to do with your savings. - page 43. (Read 8220 times)
What types of residual income exist? The prime examples are royalty income, interest income, and investment income. Royalty income comes from copyrights, license agreements, oil and gas leases, etc.
What people do not normally think of as residual income is interest income. Interest income is paid as long as money is on deposit or loaned to the entity that is paying interest.
Develop residual income. Residual income is what is known as passive or investment income. One could say that residual income is income that comes in every month based on work that was performed in the past or an investment that was made in the past.
Before buying anything, think for some time and then if you feel it necessary then only make the purchase. Also try to avoid using credit cards as much as possible.
That is the benefits of having cryptocurrency compare to the other investment like the stocks because in just a few months you can get at least 10 to 20 times from your capital. There is not much of a point to have money laying around and not doing anything with it, the point of savings is to do something with them and if you do not do it you are wasting that money in a way since you are not taking the opportunity that you could take with that money
Your money will start growing and so will your self-esteem and self-confidence and finally you are efficient and capable to finance your kids higher studies or retire peacefully with the recurring income from the timely savings.
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?
Time deposits are usually things like Certificates of Deposit. Buying and holding digital currency is extremely risky so be sure the service you are going to use is trustworthy. Yes, we should all be saving for emergencies, medical bills, home and car repairs, and other necessities, but there comes a time when you need to treat yourself to make your life worthwhile. Earning money as much is good and investing in cryptocurrency is the great things like investing in Bitcoin for your future makes you become 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?
If you have a mortgage, place the surplus funds into the offset account until you need it. This is a pretty effective way to earn interest on the money while also being tax effective.
Some people cannot save if their life depended on it, no matter how hard they tried. Sometimes these people try to make it harder for themselves to use money. They might have a family member hold it for them for example.
Everybody should do their best to build up an emergency savings fund. The general rule is to have three months’ worth of living expenses saved up in an instant access savings account. This should include rent, food, school fees and any other essential outgoings. Your emergency fund means you have some financial security if something goes wrong.
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 decide to keep a portion of one's savings for future projects in crypto-currencies.only ensure you choose coins or tokens with good reputation.Also do not put everything incrypto because of the issues with higher risk and volatility.
I prefer buying cryptocurrency than saving the money in the bank.
I'm aware of the many risk pose by cryptocurrency though. Its far better than saving in the bank that will pay you some miserable interest.
I'm aware of the many risk pose by cryptocurrency though. Its far better than saving in the bank that will pay you some miserable interest.
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 best thing to do is start your own business in order to earn more income monthly then from there you can have something to use to sustain your daily needs.
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?
As an emergency fund must be kept in the bank, because it is a fund for sudden needs. And I think allocating emergency funds for futures investments is not good, because it will make it difficult for you to take funds when you need them right away.
Indeed, I too think that emergency funds should be accessible anytime we need it because emergencies are not called emergencies if we expect when they would happen - they are emergencies because they are unpredictable in anyway. This is why we need to have access to these funds when emergencies come.
Attitude is very important in any major life changes that you might encounter. Thus set your attitude as if you are planning a vacation.
Financial planning is just like your vacation planning. First you should fix your target, then make certain changes in your life style.
Wise thing to do in our savings the half of your money is you invest it in crypto, so that you will have a profit. So if you put your savings into investing there a chance that your money will grow and the more savings you will have someday. Once you have a profit again you add to your savings again.
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?
As an emergency fund must be kept in the bank, because it is a fund for sudden needs. And I think allocating emergency funds for futures investments is not good, because it will make it difficult for you to take funds when you need them right away.
Indeed, I too think that emergency funds should be accessible anytime we need it because emergencies are not called emergencies if we expect when they would happen - they are emergencies because they are unpredictable in anyway. This is why we need to have access to these funds when emergencies come.
Sure i will put the banks because are more secure than to put it on our house,and whatever happens in the banks they can change as they couldbut if we may lost it in our house/home it just gone forever no one can replace our money,it is gone for no good.
Saving is the first step in learning to manage your money. Learn to manage money while, also want to control oneself to outside world flower world "desire". Take 50, 100, or 200 yuan out of your paycheck account on a regular basis. Give yourself a bit of time to adjust to a life where you have less disposable cash than you used to, and see how you've changed. After 2-3 months, increase the amount of each withdrawal from the payroll account. I think it's a very good idea.Jump to: