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?
You could (and probably should) put it into some form of a safer investment. There are a lot of stock options out on the market that allow for pretty continual growth albeit very slow. This would be better than just leaving your money in a risky investment or just letting it sit under a mattress somewhere because at least you collect some interest. As you keep making money, you'll end up with more in that emergency fund until it becomes something that you can actually work with in a few years/decades.
It depends on the person how he can manage his savings. I, for example, I have saved enough money from my recent campaigns and because I came from being a poor guy, I cant manage to control myself spending on things that I do not need because it is my first time to have that huge amount of money. So after I spend most of my money, I came into this realization that I needed to budget because I have more important things to be prioritized. You may also want to start even a small business, so that you can even grow your earnings.