Topic: Wise thing to do with your savings. - page 68. (Read 8196 times)
Awesome idea! To make our daily life easier than loaning some money when you needed it in an emergency. And I think I would do that keeping some 20% of my earning to prevent in rushing things. But I also put it in some currency, I mean investing it while waiting in my other investments to grow in a months. So it really depends on a person he gonna put his saving.
Wise thing to do with your savings is make it into halves , and then hold or kept the half of your savings in the bank and wait for the other half which is invested in bitcoin to grow and gain profits for the other half of your money in the trading sites and market exchanges.
For me best thing to do in savings is to invest it and make it double. Investing is the best way to make a profit from your money its better that to save it only because if you put your saving into investment your money will multiply and your savings will increase.
20% is a sufficient percentage for me to be an emergency reserve fund, it probably will not get big profits as if we invested in crypto, but the risk is small and we can use it anytime unless we save it in time deposits may be a bit difficult but it option but I suggest that you follow that advice at least your life will be a bit inconvenient
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?
Wise things to do with your savings? think of the things you should spend on not only the things you want to do, the more you need to think and the things that make your money worthless 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?
There's only one thing that you can do wisely on your savings. It's either you will invest it for business or invest it in cryptocurrencies. For me, investing in crypto is very good because it can grow drastically that can cause to double or triple your investments too in just a short period of time.
The best thing to do is to invest your money. If you have a lot of money and you intend to do dome long term investements go with stock assets they will give you s small profit but a certain one or you can go with cryptocurrency and that is going to make you win more but it is riskier.
emergency funds should not be invested. because we know that this emergency situation can happen anytime. we can not predict about this. if an emergency fund is invested in cryptocurrency and you need funds but the market price goes down, will you sell it directly.. 
I agree, must not use our savings fund in investment, we must learn how to balance and divide our money. Mostly we used our savings for important things that we need. It is much better to be prepared for anything that may happen and you have your savings because you dont need to worry for the money that you need for that time.
If your age is not too old and have also potential to make those saving once again than I would go all in with crypto, of course it is risky but what if you success ? Than you are financialy free for a quite long time.
It is good to invest in Bitcoin or cryptocurrency but the emergency fund shouldn't be invested any where, we have percentage meant for investment. In some countries exchanging cryptocurrencies to fiat do take time and do not operate during weekends.
dont ever use emergency fund invest in any portofolio.it is too risky for our money.imagine if we have urgent need and our money can not liquidate , its very dangerous for us.
Before I learned cryptocurrency, I usually put my savings in Multi-purpose Cooperative or in a bank. But sad to say in more than a year I just earned a very small amount of interest.When somebody told me about bitcoin/altcoin as a type of investment, I jump into it and out of curiosity, I started putting a little amount of money and in just a month, I gain 30-40% increase.With that I would say that it's wise to put your savings if not all maybe 50% of it in cryptocurrency and wait a little longer to earn huge profits.
I agree if we make savings that we save to be an investment in the future. Because the investment is basically a savings for ourselves in the future. But if you set aside 20% of your income to saving the meal for 10% for investment.
It is good to invest in Bitcoin or cryptocurrency but the emergency fund shouldn't be invested any where, we have percentage meant for investment. In some countries exchanging cryptocurrencies to fiat do take time and do not operate during weekends.
when I save my assets I really hope to earn a profit every day from what I keep and what I have, try when trading do not use emergency money.
It is good to allocate 20% for emergency but not advisable to keep as time deposits, just put it on bank as savings so itbis easily accessible. And allocatr some percentage for investment so itbwill earn hile waiting.
I love that method! To save 20% into investments, like the rule of turning your 20% into actives, not into passives. It can be very useful!
emergency funds should be withdrawn and can used at any time. if you want to invest in cryptocurenncy you should not use emergency funding because it is high risk. try saving some more between emergency funds and investment funds
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?
Based on my experience that method is good but if you are looking for a higher income on investment compare to time deposit better yet go for crypto currency. In bank deposit our money will only sleep for a very minimal interest rate less the taxes so all in all the interest is much lesser. Since i am a risk taker i had transferred my savings to crypto currency investments and so far my investments are doing good but of course i had still left some of my savings for emergency needs of my family.
You should invest savings into crypto currency, for example, btc and ether. Most people do like this today as we see future in this ivestment. The long-term hold will provide you with the chance to earn good money
As to your savings that you have kept in your bank accounts for a long time, think of it if you already have a satisfying profit. If not, then it's best when you invest it in cryptocurrencies but you must have to be at least a risk taker before you are going to engage in crypto investment.
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