Wise thing for you to do is to invest your savings for you to grow.
Yes, investments will really give us good profit in return if investment will be done correctly. Because not all investments are safe and really needs to study first.
Topic: Wise thing to do with your savings. - page 51. (Read 8220 times)
Yes, investments will really give us good profit in return if investment will be done correctly. Because not all investments are safe and really needs to study first.
Wise thing for you to do is to invest your savings for you to grow.
For me I do consider your ideas very much acceptable. If I am to lock my money for a long a time without much interest I would rather do trade it for cryptocurrencies. Though there are possibilities for losing it but I know If I can hold it long, It could multiply in value. Just know when to buy and you are set to earn money.
Yes profit and lost is always there in trading , but it is also depending on your, if you have good planning and strategies, and if you also have good experience and trading skill, then you can at least minimize the chances of losing your money in trading. So if a person want to become successful in trading he need to get some experience first.
For me I do consider your ideas very much acceptable. If I am to lock my money for a long a time without much interest I would rather do trade it for cryptocurrencies. Though there are possibilities for losing it but I know If I can hold it long, It could multiply in value. Just know when to buy and you are set to earn money.
For me the wise thing to do with your saving, or my saving, is part it into half , the first half you set aside for reservation in your savings , banks ,vault or any , the other part is to invest in crypto or bitcoin, manage your investment carefully and make cautions about your investment, ovserve what is the status of your investments, if it is in the good run or losing, at least you have half of your savings been set aside whatever happem to your investment.
Todays market is in falling stage, The best thing to do in your savings here in crypto is to keep it and wait until its value will rise, also , investing in some profitable and legit ICO would do.
To make the future a better course we must be saving and investing, but unfortunately most people just focus on saving and do not want to take risks to investing so that when the crisis then their financial drop drastically.
To me I think you should always get an emergency fund. Also, you shouldn't spend all your savings, but you should invest some and yeah!, investing in cryptocurrencies is a good choice
Yes, everyone should think about this. No matter how much your savings are, but if you don't have a backup/emergency fund to backup your financial when something bad happened. It is not a wise choice to not have this kind of thing, this is a mandatory stuff to have.
I really want to know why it is risky to spend money in crypto currencies. As far as someone has bought a potential coin that is cherished by majority of investors, his money is not at stake. For instance, bitcoin is something that cannot be doubted now. It has made people millionaire. Savings have to be invested in an asset which gives you good future return and of course have good stable prices. You can also invest in bonds and there are many types of bonds that give you different profit ratio
It is very important to save something against rainy day, no one know what can happen with us in future so it is good to save something for our bad days of life, investing your money is best choice for us to save our money for our future. Saving of the moneyis the game of your brain and that the way you make yourself understand the importance of saving of the money. I don’t think so that saving of the money is something not possible to do but for that you need to be very much careful while spending anything
For now wised things to do with my savings is still keep in one place, to prepare in next year or in future. 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. I don't think that the emergency fund should consist the investments in crypto currencies, because it is very risky. Such kind of funds are mostly needed when the turbulence occurs in the real world
To me I think you should always get an emergency fund. Also, you shouldn't spend all your savings, but you should invest some and yeah!, investing in cryptocurrencies is a good choice
If you eat regularly in restaurants, you might have to spend considerable portion of your monthly budget on theses visits. A better approach is to eat at hawker stalls or food courts.
For me, if it is an emergency fund it should be very liquid, meaning it can be encash anytime and the value is still the same. Emergency fund cannot be put into investment, because investment may lose value. It should be a separate venture. Emergency fund is separate and Investment fund is separate. That's the wise thing to do.
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?
In my opinion, Emergency Funds do not have to be deposited in a time deposit account. A time deposit account has a special time before you can withdraw it and you never know when you need it. It is also unwise to invest an emergency fund because you are doing away with the primary purpose of the savings.
You should keep it in the bank for emergency needs.
Time deposit accounts don't prevent you from withdrawing you funds, they just penalize you for doing so early by forfeiting the interest you would have earned over a certain period of time. If you have a 24 month CD and withdraw early, the penalty may be 6 months interest. Because a CD likely offers high interest rates than a normal savings account, you're probably better off with the time deposit account even if you withdraw early because you're likely to make more interest in 18 months of a CD than 24 months of a savings account. And the likelihood of having to withdraw early is probably low, so there's far more upside than downside to choosing a time deposit account.
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?
In my opinion, Emergency Funds do not have to be deposited in a time deposit account. A time deposit account has a special time before you can withdraw it and you never know when you need it. It is also unwise to invest an emergency fund because you are doing away with the primary purpose of the savings.
You should keep it in the bank for emergency needs.
Im still saving because savings is your funds for the emergency purposes and if i need to use my saving in investment , i go for poultry and farming because i think its good in my place but im still in online job like this to earn more and save more money for the future business that i want .
Your 20% of earning can be more big by investing. Investing is so much interesting in terms of earning but it has bad effect sometimes. Investing is too risky that's why some people have invest their money has their skill in investing.
For me the wise thing to do with your saving, or my saving, is part it into half , the first half you set aside for reservation in your savings , banks ,vault or any , the other part is to invest in crypto or bitcoin, manage your investment carefully and make cautions about your investment, ovserve what is the status of your investments, if it is in the good run or losing, at least you have half of your savings been set aside whatever happem to your investment.
Yeah you're right wise thing in money storage of course is having backup funds. I know many people use their money to grow in investment and so on. but they should know with the possible risks. so do not forget to create backup funds as well. it will help you if the risk occurs 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 that money is for my emergency fund I would rather invest that on banks than putting it in a risky investment here in crypto. Yeah crypto can give you much interest but it's not always on the winning side as the price is too volatile and you can't predict the situation and if you need money while the price is downfall then you end up losing. Invest only your money in crypto if you don't need it for longer terms as you can hold your funds for a better price. 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 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 manage money by cutting it into three the one is for emergency purposes and for our salary for everyday like buying foods and our daily need the other is in the bank to have a profit just a little percentage for it then the other is i invest in crypto hoping to have a good profit in return. 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?
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