Post
Topic
Board Economics
Re: Wise thing to do with your savings.
by
DevelopmentBank
on 23/09/2018, 08:45:38 UTC
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?

One thing is for sure, letting the money "sleep" is the worst thing you can do.

Wake your money up and invest it into something more active like bitcoin or cryptocurrencies. The only way you're going to earn some is if you risk some. Just make sure you understand those risks and be prepared to either win and profit or lose it all.