Wise thing to do with your savings. - page 48.

Sanugarid

full member

Activity: 1442

Merit: 153

★Bitvest.io★ Play Plinko or Invest!

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?

Don't end up spending all your savings for investments here in crypto, always mind the risk. You can spend some of your savings here but always leave some behind so that if ever you don't end up being successful here, things will still get better for you and you won't run out short of money. Always be smart so that you can make your saving grow.

crazyavdik

newbie

Activity: 56

Merit: 0

that is something wise to me. Indeed emergency money is very important if something happens to us. So you are right that you should set aside some for emergency money. I agree with your concept. It looks good to do.

Sarastiche

member

Activity: 532

Merit: 10

BITCOIN IS THE CURRENCY OF THE GLOBE

I invest my savings into real estate thou the return is not near what cryptocurrency deliver, but it worth it at the long run, planning my retirement as government has no plan for anyone in my home country, I hope to diversify into hotel business when my profit increase. My strategy is to invest my savings into one of the 3 basic need of men, which are FOOD(Agriculture) Shelter(Real Estate) and Clothing (Tailoring, fashion design). With proper planning this are business cannot that fail.

atomous

newbie

Activity: 57

Merit: 0

I think that is the perfect strategy to have better savings. It would prevent the hungry, tears of nothing food, no medication. 20% is good to apply to have enough savings when time comes to collect it to use on great moment.

kidamazo

member

Activity: 289

Merit: 10

My dream is to have enough savings, that I can afford to buy few appartmants near to center of my city, which is quite touristic and give a daily rent of them , passive income in another words.

Gumpfire

full member

Activity: 378

Merit: 111

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?

I think a wise thing to do with your savings is divide it into half and used the other half for investing in cryptocurrencies for you to have gain more profit, so you could use it to provide all of your basic needs. While the other half you can put it and used it for your emergency purposes.

everythingforsale

full member

Activity: 206

Merit: 100

I turned all of mine into Ethereum not far from now, a month ago I think...And yes, the price is not the best, but it also not the worst ever seen, lol.

Rowan White

newbie

Activity: 100

Merit: 0

I will start business by opening a small restaurant near the school, dormitory or a few large companies. Because most of them do not have time to cook, so the demand for food will so big. After 2 years, if I can gain lots of profit, I would sell more drinks or fruit

wallstone

sr. member

Activity: 532

Merit: 250

Quote from: 0t3p0t on May 25, 2018, 02:42:01 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?

I actually invest rather than keeping or saving my money without any interest. Though cryptocurrency is risky, uncertain, volatile and may crash anytime it will still be profitable for a savings but choosing the right coin will make sense. I saved my money in cryptocurrency and it actually has good result and I can have it whenever I need it most. I don't put my money in banks because I don't have an account yet but I am also planning to try it soon.

I also do investing than keeping my bitcoin on my wallet. You can save more bitcoin while doing investing and it will help you to make more income and bitcoin. In addition to that, I guess the best to do with you savings is to use it in trading or investing because there is chance that you could make more savings.

Gheka

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Activity: 1456

Merit: 501

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Quote from: DevilSlayer on June 18, 2018, 08:46:04 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?

If you have big savings, I prefer to you to make investment with bitcoin mining. There are a lot of benefits that you can earn by making investment with bitcoin mining, one of those is earning passive income.

I really do not encourage bitcoin mining when the overall situation is very bad, the government is becoming more difficult in the import and purchase of mining equipment, if we are not careful, they can confiscate the equipment and we will lose a lot of money. In addition, I heard a lot about network security law, everything seems to be against the development of bitcoin, this is no longer a wonderful land like the past, we should limit investment in it, I encourage investment in more practical things such as real estate, health and food

Potatohead

full member

Activity: 353

Merit: 100

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?

I am thinking of saving some of my savings and investing some of it because I would want to earn more out of it. I am saving more so that I could put up a small business through it and I would love in invest in crypto so that I have something to gain rather than just keeping my earnings.

gerald246kru

member

Activity: 294

Merit: 10

I also agree with that idea having that kind if savings to support some emergency needs your can get it easily without rushing yourself where to an extra money to pay in your bills. I have only two wise things you can do with your savings and these are the most popular things you can do when it comes to savings. First is put that money in the bank to be safe and secured

rose8963

member

Activity: 336

Merit: 10

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

weeks65

member

Activity: 294

Merit: 10

I think it's smarter to invest you money rather than let it sleep in a bank and earn 1% per annum at best. Crypto currencies and alotnof public stocks are readily available for you. Now making your savings grow from your salary is more of living within your means. Because no one knows what will happen in next days. So be wised to used your money especially your savings. Or you can invest a house so that all your family will intact in one place

eelectrick

jr. member

Activity: 217

Merit: 1

Savings are very important, if you don't realize it that much now you will surely come to appreciate it in the future.
Regardless how much is allocated for savings and emergency stuff the real deal is to have it secured, I would like
to invest a portion of the savings to truly maximize on it and secure what amount is targeted for a variety of reasons.

Fintan Lee

newbie

Activity: 105

Merit: 0

I have lots of money, and I can accept high risk, expected profit stable at a high level, I decided to combine savings, buy USD to send at Bank and invest in estate. Especially, I want to have higher return than the case 1, it means that I also take higher risk, I think I will invest in security and gold.

charlystriker

member

Activity: 148

Merit: 10

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

reyanshbasu

newbie

Activity: 115

Merit: 0

In my opinion, the best way to do is invest half of your savings in bitcoin and the remaining of your money save in the bank.
Investing in bitcoin gives a big possibility to earn double of profit than saving in the bank, even though its really risky way of earning profit in investing in bitcoin but if you have a lot of coins and sell it at the right time, im very sure that it will change your financial life.
Saving in banks also profitable and really safe than investing in bitcoin but the difference is you will recieve small profit in saving your money in bank.

win365

member

Activity: 176

Merit: 10

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 thing is to set 20% to invest them in crypto, it can similar to saving on emergency, but here you can get more or get less, than you have saved.

costanos02

jr. member

Activity: 518

Merit: 6

Savings is good in every person but it is much better if you also earn from your savings, put your savings on investment let your money work for your future. But of course before you invest you must do some research to find the better one.

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