Quote from: ntarah langger on August 04, 2018, 05:11:54 PM

Quote from: Pumapipa on May 25, 2018, 05:03:52 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?

everyone has their own way to manage their finances, and you cannot apply what you do to others.
because obviously the life needs of each person are different.

Yeah. Just look at what other people are doing and then decide if it's something that seems reasonable to you or not. But no one will have an answer for you. You've gotta figure it out for yourself.

Money should be put away somewhere, of course. Where you decide to put it is up to you. You can put it into bitcoin and save it for later (it's really not that high of risk, don't listen to the naysayers) or buy a security like bonds or fixed deposits. Keep a small portion aside for high risk assets if you like (stocks, CFD's, margin trading, etc.) but DO NOT put all your money in one large position that you "are sure" will "go up to 500,000" or something like that.