Wise thing to do with your savings. - page 79.

crazycatwoman03

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Quote from: khafimisha on May 29, 2018, 04:45:38 PM

Business is pretty amazing, investing is great in term of profit making. Saving is not that profitable especially if you put it in the bank so make sure not to put too much money on your savings, it in a time deposit account if you already have crypto investments just so that you can be sure that your emergency funds are safe from the volatility of this market

I don't think that there is a way for you to make your funds safe from the volatility except by converting it into fiat already. This is a good for "assurance" but of course it make you lose the opportunity to get profit for that certain amount.

Crypto investments may look easy but it is not because we have a very unpredictable market. Others say that whales or big-time investors gets better and larger profit because they have the money to maybe control the price but for me it is just a strategy and a good strategy indeed.

BlackBeauty

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Quote from: d0flaming0 on May 29, 2018, 07:27:52 PM

Quote from: doomloop on May 29, 2018, 06:49:23 PM

Quote from: Elexsis on May 27, 2018, 07:00:37 PM

The wisest to do with our savings is we should have a good decision like one half of your salary goes in the bank while the other half will be saved for other expenses, you must know how to controlled and have a decision that you won't regret someday.

There are many good things that you can do with your savings and some of them are explained nicely by you. Well the amount that you can save always depends on how many people you are supposed to feed or support financially. If the number is not large, you can save great amount but if it is otherwise, you end up in borrowing from others. Saving is not always possible for everyone. Those who want to save, they need to plan their budget.

i somehow agree with you, since not all the time we just keep on thinking about savings, there are also times where we need to spend for emergency purposes, that is why we need to diversify our money and spread it wisely. Next thing is that not every people had a chance to save money as much as they can do because of their gross income.

I think everything is depend on your wise because if you have no wisely planing for your life so you cannot make your best present and future, I saw some people who had a lot of money but their life planing is not wise so that's why today their life is very difficult, so successful is depend on your proper wisely planing that's why you will live in comfortable life.

d0flaming0

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Quote from: doomloop on May 29, 2018, 06:49:23 PM

Quote from: Elexsis on May 27, 2018, 07:00:37 PM

The wisest to do with our savings is we should have a good decision like one half of your salary goes in the bank while the other half will be saved for other expenses, you must know how to controlled and have a decision that you won't regret someday.

There are many good things that you can do with your savings and some of them are explained nicely by you. Well the amount that you can save always depends on how many people you are supposed to feed or support financially. If the number is not large, you can save great amount but if it is otherwise, you end up in borrowing from others. Saving is not always possible for everyone. Those who want to save, they need to plan their budget.

i somehow agree with you, since not all the time we just keep on thinking about savings, there are also times where we need to spend for emergency purposes, that is why we need to diversify our money and spread it wisely. Next thing is that not every people had a chance to save money as much as they can do because of their gross income.

peterpeterpeter

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Well I think the best way to do on your 100% savings.
Here is the best quotation for me.
30% is to start a small business to earn income for daily needs.
40% you can save or hold it in a bank for future matters because we can't predict what will happen in the future maybe for emergency? Right?
And 30% of your money is to invest in Crypto the best way to earn and gain more money in a short time period.

goaldigger

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I usually do this 20% method because its easy and once you do this consecutively, you will not notice that you had a big savings already. On that 20% pure cash, i put half on the savings account and half on the investment account with banks usually low risk with low earnings, with this i cannot withraw anything from it. My crypto investment is about 5% of my salary everytime and 100% my signature campaign payouts.

doomloop

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Quote from: Elexsis on May 27, 2018, 07:00:37 PM

The wisest to do with our savings is we should have a good decision like one half of your salary goes in the bank while the other half will be saved for other expenses, you must know how to controlled and have a decision that you won't regret someday.

There are many good things that you can do with your savings and some of them are explained nicely by you. Well the amount that you can save always depends on how many people you are supposed to feed or support financially. If the number is not large, you can save great amount but if it is otherwise, you end up in borrowing from others. Saving is not always possible for everyone. Those who want to save, they need to plan their budget.

khafimisha

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Business is pretty amazing, investing is great in term of profit making. Saving is not that profitable especially if you put it in the bank so make sure not to put too much money on your savings, it in a time deposit account if you already have crypto investments just so that you can be sure that your emergency funds are safe from the volatility of this market

automail

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🚀🚀 ATHERO.IO 🚀🚀

I think it will be a great idea to use your savings to invest on bitcoin. Just make sure that you are buying at the right time. Make sure that bitcoin is low and its the money you can't live without. If its the money that you need, I won't recommend on investing it. Please allow me to share what I have done with my savings. All of my savings are going to bitcoin investment. Why? because I just want to take advantage of bitcoin's price while its low. Try doing it Man. Its worth it. Invest now and be rich this coming December.

Findingnemo

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Bitcoin = Financial freedom

Quote from: drachman on May 29, 2018, 12:25:16 PM

Quote from: yohan09 on May 27, 2018, 07:29:10 AM

If you put your savings to investment, then you surely see the difference, Previously a had small amount of saving in my pocket and I invest it in crypto's about 1 week pass, I see how crypto's work in my savings and I'm glad i earned good amount after bloody market strikes,

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, so except for emergency savings all your savings should be eventually invested in something productive.

If you have much savings you are very lucky in today’s world so make that money in a useful way so there many ways to save and grow your money very easily but before investing take much more time for investing.

mobilestrike

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Quote from: paulk11087 on May 29, 2018, 01:29:03 PM

The smartest thing is to keep some investments ready for emergencies as everyone has said. It is unclear what we will actually encounter. I also never find it worth investing in any of the money. When you lose, it is best to invest with the money that will not hurt you.

But if a person will invest in this time when the price of bitcoin is much lower and its further progress will be to rise then I think people have to invest that in bitcoin. It is expected that the price will increase in the coming future and sooner we will see that rally so no one have to worry and have to invest as much as possible right now. I have invested my money in bitcoin and they are also kept for emergency as I know it is easy to use and withdraw bitcoin.

L1looker

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Maybe yes if it would become and emergency need in any sitiation but for investment the amount I think is not enough to gain more profit I'd like to set aside as much as I can. Don't be drowned with the trend to spent my money I have to think my future.

jaysabi

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★777Coin.com★ Fun BTC Casino!

Quote from: Kolly on May 25, 2018, 01:41:54 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?

Emergency funds are not to be deposited in a time deposit account. Time deposit accounts have specific time before you can withdraw it and you can never tell when you are in need of it. Also it is not wise to invest emergency funds because you are doing away with the main purpose of such savings.

You can still withdraw from a time deposit account if you need the money, the only reason not to would be you forfeit interest owed to you for withdrawing early. Putting the money in a liquid account for ease of access and that pays some sort of interest or provides a return, like a time deposit account (CD) or simply a savings account, is far preferable to holding cash. The reason is cash depreciates over time, pretty slowly in most cases, but it loses value nonetheless. In a time deposit account or savings account, the interest earned reduces the loss of value due to inflation, if it doesn't entirely make up for it. And in the case of the time deposit account where you have to withdraw early and forfeit the interest, you're no worse off than if you held cash for that time and have the potential to be better off if you don't need to withdraw it early, which holding cash provides no upside. So logically, there's only potential benefit to a time deposit account and only potential detriment to holding cash.

Kiss me

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I think it will grow more if we invest than have to be in the bank

paulk11087

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The smartest thing is to keep some investments ready for emergencies as everyone has said. It is unclear what we will actually encounter. I also never find it worth investing in any of the money. When you lose, it is best to invest with the money that will not hurt you.

Dudeperfect

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For me, the best idea to do with the savings is to diversify it in multiple units and investing it as per our comfort level. As far as emergency fund is concerned, I would consider some amount of cash (due to extreme liquidity), some amount in bank (due to easy availability) but I won't keep emergency fund in crypto because we know that crypto is not a mature market right now so it doesn't make any sense to bear the risk of price fluctuation for the fund which we can't afford to lose. I have a different portion of the savings fund to invest in crypto and I am prepared to lose it if there are any issues taking place in the crypto industry.

drachman

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Quote from: yohan09 on May 27, 2018, 07:29:10 AM

If you put your savings to investment, then you surely see the difference, Previously a had small amount of saving in my pocket and I invest it in crypto's about 1 week pass, I see how crypto's work in my savings and I'm glad i earned good amount after bloody market strikes,

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, so except for emergency savings all your savings should be eventually invested in something productive.

Sled

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Bitcoin- in bullish time

Quote from: droptableguy2 on May 29, 2018, 09:23:11 AM

Quote from: fourpiece on May 28, 2018, 07:57:38 PM

When we talk about savings the fisrt thing that will come on you mind is putting it in a banks, but banks will not double or triple your money in 1 year, the best thing to do on your savings is to use it to start a little business.

If the money we put in place, right into the potential coin on the Crypto market, our money would have increased by 10 or 20 times in a few months, without spending a few years. This is a very attractive thing that the Crypto market has created for investors, so they have attracted a lot of investors to join them.

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 and that is a good return and a pretty huge return within a year for an investment, but it can be achieved only if you will do a lot of research first to filter the good from bad cryptocurrencies.

pencuri hati

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shop for staples, if only for less urgent needs do not ever go to a shortcut to take savings, if that happens then one day will be repeated and we save will not be an emergency need.

Rubble898zaitO

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I it indeed wise to have an investment instead of just saving it on a bank since our fiat money will just decrease its value due to inflation so saving your money in a bank will not make you rich. I go for investment, and for me one necessity when you have investment is you also have emergency funds, it is your savings that you can use anytime, like for health issues, calamities, job loss, etc. My mnetor once said that for emergency funds the least that you should have there is equivalent to 6 times your basic pay. Also one thing good about it is that you will not touch your coins and stay on track with your investment strategy and be confident that you can cover all your needs and emergency issues anytime.

droptableguy2

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Quote from: fourpiece on May 28, 2018, 07:57:38 PM

When we talk about savings the fisrt thing that will come on you mind is putting it in a banks, but banks will not double or triple your money in 1 year, the best thing to do on your savings is to use it to start a little business.

If the money we put in place, right into the potential coin on the Crypto market, our money would have increased by 10 or 20 times in a few months, without spending a few years. This is a very attractive thing that the Crypto market has created for investors, so they have attracted a lot of investors to join them.

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