Evgeny Khodchenkov, investor, founder of the investment company Liga Investorov, shared with RuNews24.ru ideas and tips on how to accumulate a large sum of money. The expert considers investing in cryptocurrencies to be the most effective option.
“The most obvious and highly profitable way is investing in cryptocurrencies. Realistically earn a large purchase in a short period of time is possible in crypto. Other options are not visible now. For those who are open to such solutions, it can be a good opportunity”.
The expert also mentioned the creation of a separate savings account, where only your savings will be kept. This will help you avoid the temptation to spend your money on other needs. Many banks offer special high-yield savings accounts that will increase your savings amount through interest.
“For those who prefer a stable and less risky way of saving, I recommend savings accounts with daily interest capitalization - a simple but reliable strategy. If you add funds there in a disciplined manner, they grow significantly over time. For example, banks offer an auto replenishment function: set up a regular transfer - once a day, week or month - and let a small amount of money be automatically put aside, let's say, “on the fridge”. This system is also convenient because you can save almost imperceptibly for the budget.
To keep your goal in sight, use the whish-list feature, which can also be customized in banking apps. Create a wish list - say, specifically for the refrigerator - and share the link. Family and friends will be able to support your savings process if they want to, and the goal will be reached faster.”
Check your savings regularly, it will help you stay motivated and measure your progress. If you reach interim goals, be sure to reward yourself with a small gift while staying within your target amount.
Saving up for a major purchase is an important step toward financial independence and achieving what you want. By following these simple guidelines, you can significantly reduce the time it takes to get the amount you need. Remember: the best strategy is to strike a balance between savings and quality of life. Success in your financial endeavors!