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Topic: Wise thing to do with your savings. - page 58. (Read 8196 times)

newbie
Activity: 140
Merit: 0
June 11, 2018, 02:42:32 PM
When I get a savings, that's when we get older. So I would be very careful when investing with the amount of savings I have because if I lose, I do not have time to get back this money. I know that investing will get more money but I just recommend you be careful.
member
Activity: 210
Merit: 10
June 11, 2018, 02:10:25 PM
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?
Well if you invest into these cryptos you might as well do saving and do investing at the same time because while you are actually saving your money you are also making your money grow just by investing into these cryptos, although sometimes fluctuations may occur but crypto investing is by far the best option and the best profit maker as of now.
legendary
Activity: 2044
Merit: 1115
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June 11, 2018, 01:34:46 PM
I think the wisest tthing to do with your savings is to invest them in order not to lose them due to inflation. And I think the best investement is cryptocurrency speciallt bitcoin because it is relatively stable and it is going up.

I'd put a lot more weight into the first part of your sentiment than the second. Investment does help temper the effects of loss of value due to inflation, but not without taking on more risk than inflation alone offers. However, cryptocurrency in general and Bitcoin specifically are very risky investments, and on top of that, have been pretty poor for a lot of people, especially recently. Bitcoin is not going up, in fact it's been consistently falling for 6 months now, which is eons in the Bitcoin age. The only thing more staggering than the length of time it has been falling is the magnitude it has fallen, losing about 65% of its value since December. Those are staggering losses if you were unfortunate enough to buy at or near the all time high in December 2017.
newbie
Activity: 51
Merit: 0
June 11, 2018, 12:55:05 PM
just Remember, If you are spending more than you earn, you will never get ahead so you can simply Create a Spending Plan & Budget as a first step also you can try to Stay Out of Debt & Prepare for your Future .. what i mean by preparing you can set savings goals  Smiley
newbie
Activity: 22
Merit: 1
June 11, 2018, 12:23:37 PM
I think the wisest tthing to do with your savings is to invest them in order not to lose them due to inflation. And I think the best investement is cryptocurrency speciallt bitcoin because it is relatively stable and it is going up.
member
Activity: 308
Merit: 10
June 11, 2018, 12:18:54 PM
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 the best thing that we can do on our savings is to invest it on investments or other company or we can invest it on cryptocurrency so our money will growth. Its not that greedy you are actually being wise cayse people nowadays are so dumb they spend money too much.  We are here to become rich its not a sin
full member
Activity: 540
Merit: 100
June 11, 2018, 12:02:42 PM
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?
It is not a bad idea if you plan to put some of your money in cryptocurrency. You should create good plan before you put your money for you to ensure that you can grow your investment. Having a lot of knowledge is important for you to protect your money.
member
Activity: 182
Merit: 10
June 11, 2018, 11:52:45 AM
You can buy a care with your savings and you can buy a flat with your savings if you savings are high while you can buy small products or daily life necessary products with your low savings but all these will be useless and if you are okay with your life works then do not waste your money. This is an important decision and one has to be more than wise in making this decision
member
Activity: 238
Merit: 10
June 11, 2018, 11:52:14 AM
I save money for emergencies and something important and I have to save money for savings and not invest in crypto because if I invest all my money it will be very risky and I can lose all my money when the value of crypto I have down the price
That was so awesome and if you are able to pull this, you would be safe whenever any kind of emergency appears. Savings are important for surviving in financial crisis. Moreover, a person who is not just saving his money but doing it in the form of bitcoin or bitcoin cash will be doubling his amount too. For me the better thing to do with saving is to plan with this saving or make a strategy on where we should put our saving
member
Activity: 336
Merit: 10
June 11, 2018, 11:51:32 AM
Setting you goal is the best thing you can do with your savings, know your needs and wants. Savings might not give you so much profit but you can use it as your capital on the things you want to build. I think emergency funds should be saved in fiat money. because emergency funds are used at any time. if we keep it in the form of investment deposit or cryptocurrency then we will need time to change it in fiat form
newbie
Activity: 98
Merit: 0
June 11, 2018, 11:39:57 AM
never take savings if as a necessity is not important, because savings as an emergency need only or for our future needs and our families.
member
Activity: 294
Merit: 36
June 11, 2018, 07:39:53 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 know the importance of savings because it is where we could get our future needs and necessities. I think it is wise to make a passive income out of our savings by investing more of it. Honestly, I invested half of my savings in crypto because I believe that I could maximize my gain through it.
full member
Activity: 546
Merit: 100
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June 11, 2018, 05:54:56 AM
Better asset 20% I invest in crypto. crypto price increase is very high in every year. profits that can pass long-term investsi in crypto very large.
all there must be planning to be able to get big profits. we should be smart in looking for profits in cryptocurrency. including now we must be wise in the present circumstances

Earning huge profit is not always happen ,look at the market now, many coin down and this case is the worst feeling for me, but i know soon the price of many coin will increase again and that is our chance to get profit.
sr. member
Activity: 798
Merit: 251
June 11, 2018, 04:43:39 AM
Better asset 20% I invest in crypto. crypto price increase is very high in every year. profits that can pass long-term investsi in crypto very large.
all there must be planning to be able to get big profits. we should be smart in looking for profits in cryptocurrency. including now we must be wise in the present circumstances
full member
Activity: 420
Merit: 101
June 11, 2018, 04:20:54 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 investment is very important because if money is just been stuck then the money is sleeping there are no profit at all. There are a lot of ways for you money to grow even if you are not doing anything just purely holding it. And holding in in a bank qill just gave you at least 1% of your total savings annually so that is a small money so there are a lot of cryptocurrency investment you have a choice which is qhich you will invest it. And there are non cryptocurrency investment too so it is up to you. Just always diversify it for sure.
member
Activity: 210
Merit: 10
June 11, 2018, 04:10:32 AM
I don't think that the emergency fund should consist the investments in crypto currencies, because it is very risky. And for me we should not touch or Invest our emergency funds, because this is very Important, Incase of some unnecessary happen accident or disaster suddenly appear In our life.
copper member
Activity: 364
Merit: 0
June 11, 2018, 03:18:30 AM
The best and wise thing to do is save your bitcoins and altcoins until you get a huge profits and benefits on it. If you already need it very much then go sell for it but if you don't need it then hold and wait until the right time comes so you will gain a lot of money for it. If you do this then you are right because this is the only way to do with your savings.

A savings is needed in order to be financially stable. Mine is divided into emergency funds, savings in banks for easy access in times i needed money right away, insurance payment for health and holdings in crypto for a good profit.
newbie
Activity: 141
Merit: 0
June 11, 2018, 02:11:33 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?

You could (and probably should) put it into some form of a safer investment. There are a lot of stock options out on the market that allow for pretty continual growth albeit very slow. This would be better than just leaving your money in a risky investment or just letting it sit under a mattress somewhere because at least you collect some interest. As you keep making money, you'll end up with more in that emergency fund until it becomes something that you can actually work with in a few years/decades.

I suggest to you to have an investment for houses and lot and cars also. For me, its a very great type of investment and a great things to be spent on with your savings. This things can have a higher value in the future so this will benefit you.
Well I can give you better suggestion than this that try to invest your money in bitcoin if you have money you can buy bitcoin and save it for long time so you will end up earning huge profit, to buy houses and cars you will spend so high but will earn very less,. So I think well if we spend our money in bitcoin which is easy to save, reliable to earn, so I buy bitcoin and will increase my saving higher and higher.
legendary
Activity: 1946
Merit: 1100
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June 11, 2018, 01:56:31 AM
Better asset 20% I invest in crypto. crypto price increase is very high in every year. profits that can pass long-term investsi in crypto very large.

Better keep divide our saving to invest and emergency matters. We never know how crypto market works and we know that cryptocurrency market is high risk investment. Better divide our money in saving and investing on crypto
Yes I totally agree with you, we should wisely divide our money into specific parts and there should always have a small amount of our money saved under lock and key for emergency cases. It is impossible as to predict what will happen to us and when we will need to use this kind of saving as to predict the pattern of cryptocurrencies. So it is not a bad thing for us to invest in cryptocurrencies but we should be wise to put what part of our money into this market.
member
Activity: 798
Merit: 10
June 11, 2018, 01:32:36 AM
Better asset 20% I invest in crypto. crypto price increase is very high in every year. profits that can pass long-term investsi in crypto very large.

Better keep divide our saving to invest and emergency matters. We never know how crypto market works and we know that cryptocurrency market is high risk investment. Better divide our money in saving and investing on crypto
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