Poll: Do you invest part of your income? Thread poster: ProZ.com Staff
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This forum topic is for the discussion of the poll question "Do you invest part of your income?".
View the poll results »
| | | | Michael Harris 
Germany
Local time: 14:41
Member (2006)
German to English
Invest, in what?
I am paying for my own flat, I have a car, computers, etc. etc. (and a wife and children☺)
Or do you mean in the stock markets?
| | | | neilmac
Spain
Local time: 14:41
Spanish to English
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Earlier this year I adopted a rescue dog (or rather, the people who had found it dumped it on me when it started chewing up their furniture) and last month she ran out in front of a car while chasing a rabbit and broke her leg. So far, the treatment has cost me so much (over 2k) that it has basically eaten up everything I'd managed to put aside towards buying a new motorbike.
So, no. Back to square one...
| | | | | Invest in my company or in shares? | Sep 19, 2019 |
Both cases: yes. I invest in company-related things such as software, hardware and permanent education. I also buy shares and bonds for several goals, e.g. renovation of our house, our children's study, retirement.
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Kay Denney
France
Local time: 14:41
French to English
My partner has invested in property and there's stuff he tells me I have to declare on my tax form so I suppose the answer is yes, although my role has been much more passive than that.
| | | | Nikolay Novitskiy
Russian Federation
Local time: 17:41
Member (2018)
English to Russian
| Yes, of course | Sep 19, 2019 |
If you don't invest, you consume it all, and you are no longer protected.
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As any freelancer my income is variable, so in order to manage my money, I adopted the 50-30-20 rule.
Off all the money I earn:
50% goes to my fixed expenses, the ones I have every month (rent, internet, bills...).
20% goes to financial investments (like stocks) and professional investments (software, courses, events...)
30% in this group is the money I can use to have some fun (but, If there is a lack of money in any of the other two groups I ... See more As any freelancer my income is variable, so in order to manage my money, I adopted the 50-30-20 rule.
Off all the money I earn:
50% goes to my fixed expenses, the ones I have every month (rent, internet, bills...).
20% goes to financial investments (like stocks) and professional investments (software, courses, events...)
30% in this group is the money I can use to have some fun (but, If there is a lack of money in any of the other two groups I will withdraw money from this group)
This planning is working pretty well with me. ▲ Collapse
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I invested in my children until they left the nest though that’s not entirely true as I still help regularly one of them…
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I put about 10% of my freelance income into a savings account. It's not an "investment," but the cash may come in handy someday. Two years ago I told my trustee that I had X amount of money in my savings account. She scoffed and said, "Well at least you have it today." She assumed that I'd be tapping into my savings, but her comment motivated me to keep increasing the amount and that's when I started my 10% plan.
| | | | Lincoln Hui
Hong Kong
Local time: 20:41
Member
Chinese to English
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Starting this year, at least half of my annual income will go to fixed-income bond funds.
| | | | Gitte Hovedskov (X)
Denmark
Local time: 14:41
English to Danish
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Hahahahahahaha
I wish!!!
| | | | LIZ LI
China
Local time: 20:41
French to Chinese
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This is a well accepted formula here in my country (or maybe elsewhere):
40% for long term investments: property, long term participations...
30% mid-term, 20% short-term and 10% daily expenses.
It seemed to work well for some of us.
But for me personnally, 80%+ goes to savings & stocks market.
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Samuel Murray
Netherlands
Local time: 14:41
Member (2006)
English to Afrikaans
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| On what invest means in English | Sep 20, 2019 |
Michael Harris wrote:
Invest, in what? I am paying for my own flat, I have a car, computers, etc. etc. (and a wife and children). Or do you mean in the stock markets?
Although cognates for "invest" in many languages can mean simply spending money, in English the term typically means to "put money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit". Some people consider the act of lending money for interest to be "investing" as well, although lending doesn't actually yield a profit (it yields only repayments, with or without interest). Some people even say that they're "investing" when they spend money on things that they hope will increase their income (hence the idea that one can "invest" in a CAT tool when in reality you're actually just buying it).
On the other hand, it could be that the poll poster simply meant "do you save up for old age" or "do you save up for old age in vehicles other than a pension fund". Who knows? We can't ask that person what he meant.
| | | | Mario Freitas
Brazil
Local time: 09:41
Member (2014)
English to Portuguese
+ ...
| It's my intent, but so far... | Sep 21, 2019 |
I had two kids in high-school and a wife and a kid in college until last year.
Now, I have three kids in college and a "doctor" wife. So now I can start thiking of investing part of my income, something I always planned to do but was never able to.
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