Investment Funds Should Be Separated

34 74
Avatar for Eybyoung
2 years ago

I know from rich people's mindset this is already given that investment money is separated from savings, daily expenses and unexpected spendings but for some ordinary people's thinking money is money regarding of it's uses.

Especially in third world country like us (PH) people will think you're already getting rich when you have 50k-100k cash on hand or $1-2k. Two thousand dollars is already huge in our fiat money, it can build a little house or it can buy land already.

Ever since I didn't entered crypto yet I always do budgeting, my spendings and savings are separate so in case of emergencies I can have the fund right away without being indebted to someone or getting some loans. But I don't have any money destined for investment back then because I also earned a little as a minimum wage earner only.

When I entered crypto I've learned to grow my asset, which I considered my Investment

Upon reading hundreds of articles while learning the crypto ways, I've learned how to adopt how Chinese usually handle money which is they opt to grow their money by investment and doesn't spend like one day millionaire, although I am already like that before. I don't spend money carelessly because it's hard to find it so I always make sure my spendings are already calculated.

“You earned money to spend”

Yes money should be spent but that doesn't mean we should spent it all even on unnecessary things. Spendings should be balance with your daily income, spend less than your wage not the other way around so we will not end up having debt.

They said businessmen has a lot of debt more than the ordinary people, yes it's true but their debt causes are always about growing their investment or businesses not buying luxurious things just to show off.

Did I never spent some of my crypto's and just keeping it myself?

No! I've spent a lot. I bought different stuff for my daughter, supported my partner financial when he was processing his papers to onboard also bought new mobile phone but only cheap ones.

I've spent for my family when I get back here in province but all of it are already earned. Whatever coming into my wallet is kept and I only set a portion what to withdraw and spend not entirely touching my portfolio just to spend some.

I even have $3 a day savings campaign intended for my wedding because I don't want to spend recklessly but rather save up first before spendings occur.

“The goal is to be rich, not to look rich”

I always believe in this, I don't spend just to look cool or whatever I prefer to grow my asset first before buying some bigger stuff in real life.

I grow my Bitcoin Cash via SmartBCH

I actually only used 1.03 BCH to grow in SmartBCH, currently it is worth 5 Bitcoin Cash already approximately maybe that's the amount I calculated last time. It means I've made 4 BCH by rolling it.

Right now I invested my 2 BCH on Pegaxy, if BCH price is higher it will not cost 2 BCH but since price is shitting us so I sold 2 BCH just to buy Pegaxy at $380 per BCH :(

Before doing this, I was convinced by bmjc98 and I believe her because she already has experience in playing Pegaxy. PVMihalache and Jiroshin also said it's good investment because Pegaxy is still in new stage.

If you want to grow your money, you should always separate your spendings, savings and money intended for investment.

If you spent more of your earnings on building a house, for hospitalization and other stuff then that's your investment. It's good because you invested on house or health. But if you already done it you should start separating funds for investment purposes, because savings is not an investment but money intended for emergency purposes only.

I don't know if this made sense, I was supposed to tell you my story how I bought my Pegaxy but I remembered people in here (PH) believe you're already rich if you can spend large amount just for the game, without them knowing it's an INVESTMENT and not just buying it to go with trends or just to look cool.

Thank you for reading!

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Date Published: January 18, 2022

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Avatar for Eybyoung
2 years ago

Comments

Iba po talaga pag financially literate, you get to spend, save, and invest even wiser

$ 0.00
2 years ago

Pegaxy is triggering me to play it but no budget for it argh.

$ 0.00
2 years ago

Hmm. Sayang dapat yung sa Axie mo dito na lang noh.

$ 0.00
2 years ago

Oo kaasar profitable pa sana tsk

$ 0.00
2 years ago

Hmm apply ka kay PVM sa Pegaxy nya nag breed yun

$ 0.00
2 years ago

Nood muna ako sa YouTube ng gameplay hahaha

$ 0.00
2 years ago

Haha madali lang no brainer game 😂

$ 0.00
2 years ago

Financial literacy it is, sis.

$ 0.00
2 years ago

Yeah, I read the article on how you and bmjc98 got the pegaxy, she wrote about, and what you said is just the fact. If one don't separate this money, then he will spend more then expected

$ 0.00
2 years ago

Hayst.. Sna mkabuy ako agad. Mawawala na yung bet ko

$ 0.00
2 years ago

It should because for you know if your investment is gaining profit or losing.

$ 0.00
2 years ago

Eto talaga, Ate eh. "“You earned money to spend” For me, 'di s'ya practical ay lalo na kung puro spendings lang. Dapat talaga may naitatabi for both savings and investment para balance talaga. Mahirap na puro na lang spendings sa panahon ngayon na talamak ang mga emergency.

True din 'yung sa mga biz man na may malalaking utang pero at least sila is nababawi naman kaysa sa mga ordinary people na nagpapatong-patong na ang debts pero walang naibabawas. :D

$ 0.00
2 years ago

Business man are typically have so many debt than an ordinary people. They didn't use that for luxurious things but preparing for investment. The mindset of those business man are so different from an ordinary citizen.

$ 0.00
2 years ago

This is something that I am so glad I was able to learn before ako maggraduate ng college. No one in my family is financially literate so I used to just spend spend spend, pero now I have a separate investment fund na di ko pa ginagalaw kahit wala na ako hawak na pera kasi di pa naman need haha.

$ 0.00
2 years ago

To be a good money saver, one must be very disciplined

$ 0.00
2 years ago

Do not worry. Everything will be fine. Pegaxy is a good project. I still can't afford to buy one, or go full throttle on smartBCH. I hope to be able to do it soon.

$ 0.00
2 years ago

It is really necessary to separate investment funds from all the other monetary obligations so one would not tend to overspend and relax thinking that he ir she got a lot of spare money.

$ 0.02
2 years ago

Yeah it should be like that.. that's how financial management should be.

$ 0.00
2 years ago

True yan ate. Yung mga uncle ko na, nabalitaan nila na nag iincome ako through online kahit walang ginagawa, pina pa withdraw agad skin kasi daw baka ma scam ako or what. Hays. Gusto nila lagi mag spend lang ng spend. Puro labas ng pera tapos walang pumapasok. Pasalamat nga ako sa crpto lasi na learn ko yung importance ng investments.

$ 0.02
2 years ago

Oo ganon mindset nang iba.. pag ganyan lagi hirap umasinso tapos uutangin pa juskopo 🤦

$ 0.00
2 years ago

Like you, I believe money earned should be shared into at least 3 parts: savings, investment and spending. It is good money management

$ 0.02
2 years ago

Yeah, exactly..

$ 0.00
2 years ago

I used my money for my husband medication and sa ngayon Yung Ang investment ko hehe.

$ 0.02
User's avatar Yen
2 years ago

Meron ka naman na sa smartBCH yan na start mo..

$ 0.00
2 years ago

Oo nga. Nagbenta nako cats kanina hehe

$ 0.00
User's avatar Yen
2 years ago

Galing mo nag bet ka talaga sa cats ayos yan hehe ako waiting dip haha

$ 0.00
2 years ago

Tubo Naman Kaso 0.14 lang 🤣

$ 0.00
User's avatar Yen
2 years ago

Lakas talaga nito, diko yan sya gets so not sure anong gagawin pass nilang muna siguro ako jam

$ 0.02
2 years ago

Pag naka 10 BCH ka na mag invest ka na rin ibang chain.. pasukin mo rin gaming hahaha

$ 0.00
2 years ago

I've spent a lot of my earnings to get personal things too. But this year i made a decision to dedicate some amount to investment...

$ 0.02
2 years ago

That's good plan. Good luck on that.. we should consider Investment plan who knows this can help build our future.

$ 0.00
2 years ago

We should buy everything on down paaemt otherwise left that thing.

$ 0.01
2 years ago

Haha why down payment when we can pay full?

$ 0.00
2 years ago

That's the spirit🙂😃.

$ 0.00
2 years ago