Wise thing to do with your savings. - page 87.

Soots

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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?

Its really nice to have savings. In case of emergencies you have something to use. I am in favour of 20% of my earnings will alloted to savings. I will spare some amount for investments. Of course I will look for a good project to invest for a possible profits. If given a chance I want also to invest some for the future of my kids and family for my kids I would like to invest in educational plans and trust funds. For entire family would be a house and lot and a small restaurant. I still want to participate in bounties and projects here in cryptocurrency because I know earning is real here in our community. Investing is a risk but without risking you won't achieved your goals and plans in life.

Cotton Candy

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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?

For me the very wise thing to do in your savings is do a business in them because savings will not grow if it will remain as savings there are different ways you can also invest that savings like for example in cryptocurrency like bitcoins I am sure that those savings are gonna grow. But do not put it all always leave some of it in case of emergency you still have money in your pocket. Because once you get in business you cannot get that money back immediately

Tigorss

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a very smart decision because if your goal to become a rich person if saving decades you will never be rich because the principle of being a kayak is to invest a small capital to reap huge results and the strategy you make is pretty good.

Apple Mac

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Quote from: Btcallans on May 25, 2018, 06:21:32 AM

I think the wisest way to do with my savings is to invest on bitcoin. In this way I could save my money while gaining from it.

Its kinda helpful I think, and for me if you saving so much then it will be great for you if you try to start up a business, which may according to what you live to do and what you really want to pursue. Savings were good but it will be great if you know some way for it to bubble cause if uou keep hoarding it will not increase.

MAJICOIN

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I would like to do investment with my savings because if we keep money with us after some time the money will be devalue and if we do investment then we can enhance he value of saving money.

Twentyonepaylots

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Quote from: ss890 on May 25, 2018, 01:48:42 PM

Hm, I get it where are you login with this but I dont think that it is really good idea to do that. Savings is integral part of your life and it must be there all the time. The 20% that goes into your savings accounts should be such that it is never considered to be present there unless and until an emergency comes up front. If you believe in my words then you know whats the importance of the same if you dont then I dont think that you know the importance at all. But the right thing is to save it and not to invest anywhere. Let it sleep their forever but never invest.

A wise thing to do with your earned money? There are a lot posted on some financial expert site, you can save your money thru investment in mutual fund, bank saving or even in Time Deposit, some would save on Insurance, other saving maybe in Education funds, and on Foundation for the family. and other would re invest in real estate. this just a few to mention about saving your hard earned money, still its an individual decision how and where to save you money.

sharnel18

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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?

The best wise thing to do with my savings is to invest the half and the other half will sleep until such time I need it. And the purpose of the left money is when my investment will lost then I have some money left right?

miradorme

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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?

In my own opinion the best wise thing to do with my savings is to let my money sleep until such time time I need it. Because if I invest it there is a possibility that I will lost it.

Pumapipa

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Quote from: Sadlife on May 25, 2018, 11:54:31 PM

That depends on how much is that 20% of yours if it's atleast a hundred grand then you decided to invest it to bitcoin then after a few years that investment may double or triple when comes to bitcoin it's always a win-win it might be a long hold but it's worth it unlike other altcoins that disappears after a few years.

But bro with the current trends of bitcoin, I was thinking if investing on our will be worth the shot. As these savings are hard earned and I don't want it to go down the drain everything bitcoin dips. But I am looking into long good only investing an account that I can afford to lose.

supermine

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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?

Investing your extra money is the wise choice because if you let your money to sleep in the bank accounts then it is just wasting your money and the value of your money will decrease because of inflation.But investing comes with risk and also with great rewards so it is now your choice but the wise choice is investing on to something.

jamids

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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?

Time deposit interest doesn't beat the rate of inflation so when you just let your money sleep then it will be devalued as time goes by. But then if you are a conservative person and doesn't want to risk his money then better leave your money in the bank but think of it that they are the one who are taking advantage of your money as they let it borrow to someone else with an interest rate that is 10x higher than what you received so you just have to choose if you will be the one who will benefit with your money or they will benefit from it.

It would still be better to invest it in an investment vehicle that has higher rate of return than inflation rate like cryptocurrency perhaps or even in traditional markets like stocks but it is still risky. Remember what happen in 2008 when there is recession. I will choose to invest it in bitcoin or altcoins with profit taking from time to time and invest it in another investment vehicle like business or real estates to have multiple investments and source of income.

Sadlife

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That depends on how much is that 20% of yours if it's atleast a hundred grand then you decided to invest it to bitcoin then after a few years that investment may double or triple when comes to bitcoin it's always a win-win it might be a long hold but it's worth it unlike other altcoins that disappears after a few years.

kujaroth

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Saving money is totally different from investing money. You should save money and invest money you are ready to lose because investing money into something like in crypto is a big gamble. Luck and timing depends on whether you will gain big profits or lose bigtime.

otong

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Quote from: bakekang008 on May 25, 2018, 09:28:37 PM

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?

Wise thing to do with your savings, I think you choose the right investment so that your saving will grow and your profit maybe double. But if you dont find the right investment you must save in the bank and wait until youve decide what you want with your savings.

invest and roll back the money. so that we all can get a lot of benefits by still being able to save. less to be wasteful so we can get a better investment than we buy useless goods

boksoon

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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?

Form me being Bitcoin user joining always in signature campaign of course there is a reward after the end of the said campaign. so all my token is only my saving that's what i do it while it will stay in myether wallet at the same time there is a profit if all coin are going to higher then if i want to spend money I just sell some of my token to cash out to buy some that i nedd but all in all my savings is almost my long term investment in my ether wallet.

bakekang008

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Global Risk Exchange - gref.io

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?

Wise thing to do with your savings, I think you choose the right investment so that your saving will grow and your profit maybe double. But if you dont find the right investment you must save in the bank and wait until youve decide what you want with your savings.

burnchan

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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 supposed to be withdrawable anytime in case of an emergency. So, if you are planning to invest your emergency fund, then it’s purpose is no longer serve. Investment funds are supposed to be treated differently with emergency fund. This is because, you may lose your investment if the business fails. So, are you willing to lose your supposed to be emergency fund? I would suggest to save a separate amount of money intended for your planned investment. And take note, you are planning to invest in crypto which is highly volatile but with potential good returns.

Hydrogen

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With liabilities and average cost of living expenses growing at a much faster pace than wages over the past few decades, being able to save money may be something that is fast becoming a luxury. Personally I like the idea of bigger and better financially opportunities being available the more capital a person has to invest even though that may be completely counter intuitive and backwards. In that saving wouldn't represent an end goal in itself but rather the first step of a financial plan which is intended to grow wealth at a faster rate the more liquidity a person has available.

The concept of bitcoin and crypto currencies succeeding due to them being avenues of creating value is also an idea which appeals to me. To mimic their success it might be worthwhile to formulate a saving or investing strategy which focuses also on building long term value rather than instant gratification schemes which tend to be high risk and at times low reward.

pealr12

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Saving is for emergency purposes sometimes, but savings for me is like preparing for the future of my family like educational plans for my children.

richardsNY

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My current structure is quite focused on Bitcoin nowadays. I can save around 40% of my monthly income, which is mainly due to how low my expenses are. I used to put everything directly into my savings account, but with 0.1% annual interest it's not very encouraging to keep doing that. Instead of 40% to my savings account I only do 20%, and the other 20% will be invested in Bitcoin at any price if it isn't too crazy. The correction of this year gave me the incentive to start doing it. I am not worried about fluctuations because I have only eye for the long term. I wouldn't use the money in my savings account anyway, so having it parked in Bitcoin doesn't make a difference. Everything is better than money doing nothing and at the same time lose value.

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