Post
Topic
Board Economics
Re: How to save money.
by
starmman
on 09/09/2016, 10:01:17 UTC
Saving your 10% of monthly income will help you to buy something you want in every year because if you are going to hold you bitcoin or money just for anything you can do that because in bitcoin world theres no possible in hard worker man you can rich every thing you want just trust your self.

Exactly, lets suppose if someone earns $600-700 a month and he saves 10% of it every time after getting his salary, and a year has 12 months so 12x10= 120, which means he will be having 20% more than what he earns in a month after every year which he can use for anything if needed if does not need anything then just keep them safe and keep the process going, and after some years you will have a good amount saved.

My goal is to go further and live off the returns that the savings are producing which needs an enormous amount of savings but will be awesome when I get there. We are not spending so much right now and hopefully eventually the saving income will exceed my salary - I'm only around 6% of the way there but 12% of the way of covering for expenses.