How I have organized my savings and investments over the years

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Since I earn my own money, I have always had the good habit of saving, coming from below is normal that many when they manage to get a high income usually end up squandering it, I can not say that it was not my case at the time, but everything was a stage, as we grow and we take love to money, as my mother says, we learn how hard it is to earn it and how easy it is to spend it.

This left me as a lesson that we always have to save, either for an emergency, for a future investment or simply to have capital at the right time, sadly or as I see it, I did not get to know Steemit and came to Hive a little late since its birth, but that is not the case.

Actually my position is to explain how I have saved and invested for a long time, in Venezuela, which has allowed me to move forward with inflation, preventing it from swallowing me completely, as it happened to many, of course my career helped a lot in that sense, that's why I always saved.

How I have been managing my income for years

It has not always been easy, but I've always tried to general income higher than my expenses, I think that is our best ally in finance, to have the habit of having only what a job offers you is the worst mistake of a Latino, I have years working at the same University, but my schedule has always been flexible, which has allowed me to undertake many things, from simple things like selling clothes, products and even for a while I started to lend money in exchange for fixed earnings.

Those have always been my strategies, but the real challenge of saving is to know how much you can save, we can not save 100% of what we generate our work or investments, it would be great, but the reality is different, I have always divided my income into several fractions.

Usually I try not to touch the money during the month, I always do my accounts at the end of the month, that allows me to estimate the profit or loss, how much I can save and how much to re-invest, but I have always carried a formula that has worked for me, 100% of my net income, I always split it in half, 50% is for personal and household expenses (food, clothes, tax payments and rent), I always try not to spend more than allowed in that 50%, the remaining 50% I divide again in 2, taking 25% and transforming it into foreign currency, this is my way of saving until recently.

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And the rest I always use it to re-invest, previously I always re-invested those profits to increase my capital, I always bought more than what I sold, taking into account the product or products of the moment, since I always tried to diversify what I sold, taking into account that to generalize more we must invest more.

All this way of thinking during my years as a worker has worked for me and I can not deny that I have been drowned sometimes but that is where our savings come in and rescue us from the emptiness, since I am in Leo and Hive, I have achieved a few cents in favor of which I am applying my life practices to the crypto world, hoping that everything turns out as well as it always did for me.

Cryptocurrencies use the same pattern with which I always familiarize myself, save and invest to achieve more savings and investment, of course the risk is higher, but the profits can be much juicier, I have been studying a little about trading, something that I find exceptional, predict and analyze costs and future is something to admire, I must be honest every day passes and I learn a little more about cryptography I see it more and more exciting, it's like a casino where we can have fun, up and down, but depending on our bets.

The good thing is that in the community we have the basics, tips, predictions, we find the breadcrumbs, we just have to know how to follow them, currently my capital is low considering that I have only 3 weeks and I still do not want to invest money from my pocket or at least until I am sure of the direction to take, but I have managed to multiply $50 to $118 in my experiments in Binance, exchange in which I am currently, pretty good results but luck has influenced a lot in that, I hope to continue growing and learning from all the people I follow so far.

Thank you for reading

I look forward to your comments and suggestions... All are welcome and will motivate me to be a better content creator and to become a contributing member of the community.

Posted Using LeoFinance Beta



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