Topic: Wise thing to do with your savings. - page 72. (Read 8196 times)
It is worth holding both crypto and fiat although i know this is difficult. In a SHTF scenario it could be the USD that is needed, or gold, or bitcoin! It is hard to tell and depends on the situation. Bitcoin is useless after a major earthquake, but very useful during an economic crash.
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?
definetly in my own thought,i save some of my fiat money by creating another kind of local investment just like producing a hog raising into my backyard or making a small renting apartment,so that if theres something not really good into your cryptocurrency investment theres another another sources of income that you can count on when times of drought season.
for me saving means keeping money for tomorrow.So i divided my income into three.One is for savings,i am holding for a long term because it is intended for my retiring age.The other one is for our consumption,I have left money for buying our needs like foods and other commodities.And the last one is for emergency, i spare some cash that is convenience to use when emergency happens.Those are my ways in using my savings
Saving your money from the earnings which you have is a very good thing to do as it can then help you whenever you need money on urgent basis and that you must be sure that you are then using those savings at the right place. Investing your savings is a good option and that it can then help you in having some good earning as well but you need to be sure first that you are investing at the right place.
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 want to believe that depends on each individual and how they are willing to take risk. Sure these days, leaving your money in a bank with nothing added to it at the end of the day is not risky but makes your saving lie there all in one spot. However, it is a wise thing to do not tot put all your savings into one basket. 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 cryptocurrency market it highly volatile and unless you are willing to take the long term risk, I would say you should either devote about 5 - 10% of the savings into crypto and the remaining in the bank and in that way you are at least minimizing the risk in a way.
There are many ways to improve savings. You can use it as a capital for starting small businesses and keep that money circulating and producing even more savings and profit. You can also invest it on something you trust and you have to invest where you can be comfortable to leave your money at.
Do not let your own money sleep, immediate emergency funds should also be flexible investment, now there are some financial products in the bank can do this kind of investment, when you need money for emergency time can be taken out immediately, but the rate of return will be relatively low.
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?
Letting your money sleep without gaining won't help you because you never know what the extent of your needs.the best way is to invest in something profitable for you to get another way to earn extra money..and conttol your expenses to what is needed.
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?
What happens when you need money but the market goes down? Your emergency fund will not work at all. Emergency funds must always be available, I do not encourage you to use it for investment.
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 for me, the best thing to do with our savings is to save more out of it. It sounds quite impossible but it is possible if we would be able to handle our finances wisely. I think it is important that we do something to put our savings and let it grow. I would just want to invest some of my savings to crypto and hold it for a long term.
Savings is important to all of us, especially for adults or when we are becoming an adult, because that is the time when we are going to need so many things in life and we are going to have so much more responsibilities compare to when we are still teenagers, which is a happy-go-lucky. Savings can be done in so many different ways, depends on which we are comfortable.
But for m, savings comes after you paid all of the bills that you should need to pay, that way, you could know how much you are going to save, unlike if you are going to save before you pay all of the bill that you have, that might be a hard thing for you to budget the money that you have because you might accidentally use it on something that is not that important.
for me saving means keeping money for tomorrow.So i divided my income into three.One is for savings,i am holding for a long term because it is intended for my retiring age.The other one is for our consumption,I have left money for buying our needs like foods and other commodities.And the last one is for emergency, i spare some cash that is convenience to use when emergency happens.Those are my ways in using my savings
Saving your money from the earnings which you have is a very good thing to do as it can then help you whenever you need money on urgent basis and that you must be sure that you are then using those savings at the right place. Investing your savings is a good option and that it can then help you in having some good earning as well but you need to be sure first that you are investing at the right place.
The good things to do is to hold our cryptocurrency that make it profit that our savings will make double our money in the few months our years.
It's a good thing to keep your saving to a safe place and let it sleep there for a while. and just spend it in case of emergency. However, if you want your saving to multiply, then you can invest it. but you just to make sure that there's no risk where you invest your money. you don't want to have regrets at all since it's your saving.
In life then we must be good at managing finances, and the most important thing to do is saving, if we rely on bank interest then it will not make money grow, if have a lot of money then taking risks with investment is a better thing.
Holding crypto currency is always good to hold when compared to investing in banks interest because they will pay very less amount interest. So until, market recovers we have to hold them in order to make more money compared to present situation.
In life then we must be good at managing finances, and the most important thing to do is saving, if we rely on bank interest then it will not make money grow, if have a lot of money then taking risks with investment is a better thing.
I have been investingvin crypto with my most money and I most say I have no regret of investing in cryptocurrency ,it was the wise decision I have ever make
That's a good deccesion you make, investing in cryptocurrecy rather than put your savings in the drawer and let them sleep. It's good to invest your money in crypto and make it profitable. If 20% of our earnings will invest in cryptocurrecy, it s a lot of money will be back to you in the right time.
I have been investingvin crypto with my most money and I most say I have no regret of investing in cryptocurrency ,it was the wise decision I have ever make
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?
saving 20% of monthly income for investment is a very good thing. in my opinion there is no other investment that can beat the cryptocurrency in giving a profit. cryptocurrency compared with deposits in the bank certainly its advantage more cryptocurrency. but the risk is certainly greater. but we can minimize those risks by always analyzing price movements and be careful in every decision.
Savings shouldn't be just what is left after you deduct all your expenses. It has to partake a percentage from your income and as well as investment. It should be separated as well. When we have savings, make sure that it will work for you. That it will generate more income for you.
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?
Separate your savings to be used for emergency purposes and investment. Usually emergency funds is thrice your monthly expenses. After you have saved that amount, then save for your target investment amount. In this way, you will not be in trouble if all your investment fails.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?
Yes emergency funds is really needed in order for us not to panic in any situation regarding money. We must set aside savings because if we do not do this we may not notice that we have already consume all we have for non valuable things. It is better to also buy assets like house and lot, gold (jewelries) and others. so that if it comes to worst you will have a fall out.
There is no single thing call the wisest thing to do with savings. Another man's plans are nonses to another man.It all depends on the individual in question and what he or she wants to do with their investments.
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