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?
Yes i agree this is a nice idea. Better than letting your money sleep. If it can be use in something more useful then let us grab it. Opportunity does not always come. Our/ your money can create new more money. But it is not also bad if we save something for ourselves. It is ours. We own it.
FIat is never a good way to save our money. They can not fight against the inflation. Sooner or later, the value of your balance will be decreased. Wise person will buy gold or real estate instate of fiat. They can also hold bitcoin instead of fiat if they have the ball