Saving money is important. The average person may set aside money here and there, in a rather inconsistent way. They save on some months; on other months, they withdraw their savings or do not save at all. Financially successful people set aside a fixed amount from each paycheck and deposit it directly into a savings account.
Try to save enough money for six to nine months' worth of spending in an emergency fund. Strive toward that objective with each paycheck. No matter how much you earn, put it in a place where it's earning compound interest.
Your money must work for you. And the best way to do this is to have income from passive sources. Passive income is money that you earn without having to do a lot of "active" labor to keep it. You can make money even when you're not working by creating something like a blog, eBook, video, or internet store. You can also invest in passive income sources, like rental property or stocks, to earn money passively.
Set a goal and focus your thoughts on believing you can attain it. Put it in writing! It is what separates the extremely successful person from the average person.
😍#ilikeitalot!😍
Gold and Silver Stacking is not for everyone. Do your own research!
If you want to learn more, we are here at the Silver Gold Stackers Community. Come join us!
Best Regards,
I am not a financial adviser. This article is not meant to be financial advice. My articles on cryptos, precious metals, and money share my personal opinion, experiences, and general information on cryptos, precious metals, and money.Thank you for stopping by to view this article.
I hope to see you again soon!
I post an article daily. I feature precious metals every other day, and on other days I post articles of general interest. Follow me on my journey to save in silver and gold.
@silversaver888
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Thanks, @poshthreads!
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More than likely, I'm one of the most Successful People in the Silver Gold Stacking Community... I have experience in everything you suggest in your Blog, plus one move very important way of saving... At Present, I've been doing my every day Spending, using Paper Fiat... I get back various amounts of U.S. Coinage with my Change... It adds up faster than anyone thinks... I've been doing it for years now...
Woot, woot!
Continue doing what you're doing, my friend!
!invest_vote
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What most people don't realize is that I already have Staggering Amounts of Silver and Gold... At Present, I'm trying to acquire Staggering amounts of Common U.S. Coinage...
@silversaver888 denkt du hast ein Vote durch @investinthefutur verdient!
@silversaver888 thinks you have earned a vote of @investinthefutur !
I just fell in love with each and every coin you have in your collection mam.
Thank you, @itwithsm!
!invest_vote
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@silversaver888 denkt du hast ein Vote durch @investinthefutur verdient!
@silversaver888 thinks you have earned a vote of @investinthefutur !
Yes, I agree, SILVER SAVER - @silversaver888. A little Gold or Silver will go a long way...
Woot, woot... GOLD!!!
!invest_vote
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@silversaver888 denkt du hast ein Vote durch @investinthefutur verdient!
@silversaver888 thinks you have earned a vote of @investinthefutur !
Money is a financial instrument, so have fun with it and take risks. Money should be used as a tool to acquire physical assets and passive income.
You received an upvote of 100% from Precious the Silver Mermaid!
Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!
!PIZZA
Thanks. @ssg-community.
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Wow! Thank you so much for this great idea and article. It will do a lot for me, because I love to save a lot
The earlier you save, the better! Assuming yuo start with $100: even with your allowance, you can save $10.00 a month. By the time you graduate in two years, if you don't withdraw, it will give you $362.35.
!invest-vote
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I will keep voting for you @silversaver888
Your vote earns you curation rewards. I don't see your vote.
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I will do it again... It because I didn't know how vote and am still learning a lot on the platform. My bad
Waooo, that's a great idea. Sometimes we collect money and save it but no longer this money could be saved. Its a best way to save amount.
Thank you, @qwr.
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Absolutely @silversaver888 !😊
Starting to save and invest is step one……
They staying consistent on a regular set schedule!😊
Save for an emergency fund. And then save to invest!
And we do this consistently!
Passive income.... the enjoy life, @silvertop!!!
!WINE
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Absolutely spot on @silversaver888 !😊
Without this recipe I wouldn't be a debt free man at this point, making my money work for me is the best but from my experience consistency is the biggest problem, for example I have been blogging for the past three months on a daily basis and some days even creating two post with decent results but when ppl don't see quick results they tend to quit, I was thinking telling my sister about Hive because she travels a lot as a pilot and may be was easy for her to blog but I know she will quick after a few weeks when she doesn't see the results she might imagine would quit, for me there are hard days where I have to manage been at work, things going on at home plus I have to deliver daily to my blog, its not easy
Same as in saving! You don't see results immediately. You've got to save consistently and don't quit until your goal is attained. And you will be better for it! Same in investments!
Consistency and focus is required.
Good luck, @skiptvads!
!LUV
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Simplest form of passive income is just buying a GIC or Bond and holding it to maturity, however, the rates offered often do not come close to keeping up with inflation and are subject to depreciation in a rising interest rate environment. But it doesn't mean we should not have some as a part of a larger portfolio. Parking cash in a short term for some return is better than none before the capital is deployed elsewhere.
Always, with love 🤗🌺❤️
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Except for the cash you hold, everyone should try to make their money work for them. Pennies add up to a dollar.
Hugs and kisses, sis 🤗
!LADY🥰🌺🤙
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LOHtokens.@silversaver888, you successfully shared 0.1000 LOH with @kerrislravenhill and you earned 0.1000 LOH as tips. (1/30 calls)
Use !LADY command to share LOH! More details available in this post.
I agree 100%, the power of compound interest is amazing. Most people don't realize it but over years even a few dollars can really multiply. I shared a post from Futurama recently where Fry goes to the bank to collect his 97 cents out his bank account after being frozen for 1000 years only to find his account was worth 4.3 billion due to compound interest!
!luv
!hug
I sent 1.0 HUG on behalf of @thebighigg.
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I love stories like that!!! So inspiring!
!LUV
!hug
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Ms. Saver @silversaver888
The Flowers are Blooming in Your California......
!LUV
!LUV
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I have money thats in my account, pays interest regularly. Actually i didn't know about this until i check my e-statement. I think about 1% so it a good rate !
Your regular saving account pay 5% interest per annum, doesn't it?
!PIZZA
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Ms. Saver @silversaver888
!LUV
!PIZZA
!LOL
!PIZZA
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lolztoken.com
Whether they like it or not.
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@stokjockey, I sent you an $LOLZ on behalf of @silversaver888
(1/8)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
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Ms. Saver @silversaver888
I have always thought of You as a Border Collie Ms. Saver.........
!LUV
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$PIZZA slices delivered:
@silversaver888(2/5) tipped @stokjockey
stokjockey tipped silversaver888
stokjockey tipped ssg-community
silversaver888 tipped olympicdragon
One should not put all their eggs in one basket for sure sis! Diversity is the name of the game and having part of a portfolio in passive income is definitely a must! Should a time come when a person is out of work, then it can help them to know that they are still earning.
Thanks for sharing sis! Love ya much!🤗😘💞🌸 !LADY
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If we have to stop working, our passive income will tide us over, and it will keep on paying us! Yes, diversification!!!
Luv ya, sis 🤗
!LADY 🥰🌺🤙
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LOHtokens.@silversaver888, you successfully shared 0.1000 LOH with @elizabethbit and you earned 0.1000 LOH as tips. (2/30 calls)
Use !LADY command to share LOH! More details available in this post.
Love ya back!!🤗😘💞💜🌸🤗😘💞💜🌸
Try to tell my son this all the time.
Great! Your example ... he will follow!
!LOL
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I was litteraly beside myself.
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!HBIT
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Wow! This is exactly true , i have to reinvest because this is the best time to do invest 😊❤