Most of the people are willing to learn how to save and manage money effectively and efficiently. but sadly some cannot do it due to different situation or how much they in earn (mostly the money they earned just went to food and basic needs allocation.). Hopefully, someday all of us could have financial freedom and more on investing for us to enjoy early retirement.
The only way to gain financial freedom at a young age is to improve our own skills in earning an income and also to see more opportunities from many directions in order to increase our income regularly in several jobs. Because if we continue to work in one job with an income that is only enough to meet our basic needs, of course it will be very difficult for us to hope for financial freedom at an early age. Because this is only owned by people who have a lot of income through various businesses that they run without feeling tired at a young age. 
Topic: Take care of your money and learn to save. - page 4. (Read 1792 times)
We all need money to provide for our families' basic needs. Know your income and spend less than you earn. Just because you have the money doesn't mean you should buy things that aren't absolutely necessary. Try to avoid debt and save for the future. It is critical that you plan how you will spend and save your money. Understand the difference between needs and wants. Make savings a priority. Bugdet is a sensible technique to monitor or cut your spending and plan for your future needs. It reminds us that "the plans implemented by the diligent one surely make for advantage."
What you mentioned is correct, and almost most people today have such reasons because what they do is for the family. Which is really understandable;
all that is needed is for us to raise more so that we can put aside some savings for the future.
Who doesn't want to be able to save savings for the future? Everyone wants that. The problem is that determination and implementation differ because others
don't want to take action.
We all need money to provide for our families' basic needs. Know your income and spend less than you earn. Just because you have the money doesn't mean you should buy things that aren't absolutely necessary. Try to avoid debt and save for the future. It is critical that you plan how you will spend and save your money. Understand the difference between needs and wants. Make savings a priority. Bugdet is a sensible technique to monitor or cut your spending and plan for your future needs. It reminds us that "the plans implemented by the diligent one surely make for advantage."
The current situation in the world, regardless of the country, is pushing people to think about tomorrow more seriously than before. One way or another, the state used to provide concrete stability, Now everyone must rely only on themselves. At the same time, it is very important to take care of your old age yourself, and not place these difficulties on your children.
Therefore, not only savings, but also opportunities for additional income, which can improve your financial condition not only today, but also tomorrow,should be the main goal.
But we must not forget that we only live once and we are surrounded by loved ones and family.
Therefore, not only savings, but also opportunities for additional income, which can improve your financial condition not only today, but also tomorrow,should be the main goal.
But we must not forget that we only live once and we are surrounded by loved ones and family.
That is the real situation now, almost everywhere in the world regardless of the kind of living and status of life in each country. You will see the huge gap of the rich and the poor with the middle class. But I think that middle class will be able to survive and adapt more with the situation because of them came from being poor and don't want to get back on that tough situation of their lives. I wouldn't classify myself as rich and I think I belong in the middle of middle-poor class.
As said, middle-class people easily adapt to every living condition. The ongoing economic situation around the world has made people keep their needs limited and move towards saving more. We don't know what could happen tomorrow. Already, more countries are struggling because they aren't able to support their people by providing proper food. As mentioned, the gap between the rich and the poor keeps widening, which itself is an indication that the system isn't functioning in the right way.So, if you're not the type of guy who can't cope in a living survival mode, you'll barely make it. But with all of these struggles, it pushes each of us to adapt and be the best version of ourselves even if our pockets aren't deep compared before when life was simple and easy.
Most of the people are willing to learn how to save and manage money effectively and efficiently. but sadly some cannot do it due to different situation or how much they in earn (mostly the money they earned just went to food and basic needs allocation.). Hopefully, someday all of us could have financial freedom and more on investing for us to enjoy early retirement.
It's sad that from the poor to middle class are dealing with the same thing but obviously, the poor is the one that's struggling more. While before and several years ago, the middle class can live a lavish life without having any problem at all. And now, this seem to be the new poor description by being in the middle income earners. But there are a lot of middle class that are wise with what they earn and learned how to save and to invest properly so that they won't downgrade their lifestyles in the future.
Currently it is quite difficult to save and invest, and this does not mean that we have to be wise in thinking about finances for the future, but the current economy of society is very difficult, especially for those at the bottom who work as farmers or fishermen, let alone saving for their needs. everyday life, even now it is difficult, because market prices are uncertain, how do they think about retirement benefits in the future? They don't know what day it will happen.This is what our society is currently experiencing, the current economy makes it impossible for some of us to think about a more beautiful future, because our income is uncertain.
It's sad that from the poor to middle class are dealing with the same thing but obviously, the poor is the one that's struggling more. While before and several years ago, the middle class can live a lavish life without having any problem at all. And now, this seem to be the new poor description by being in the middle income earners. But there are a lot of middle class that are wise with what they earn and learned how to save and to invest properly so that they won't downgrade their lifestyles in the future.
Currently it is quite difficult to save and invest, and this does not mean that we have to be wise in thinking about finances for the future, but the current economy of society is very difficult, especially for those at the bottom who work as farmers or fishermen, let alone saving for their needs. everyday life, even now it is difficult, because market prices are uncertain, how do they think about retirement benefits in the future? They don't know what day it will happen.This is what our society is currently experiencing, the current economy makes it impossible for some of us to think about a more beautiful future, because our income is uncertain.
Those who belong to the middle class will of course be able to easily adapt to every situation they experience, because when the income they earn is difficult to meet their needs, they must be able to restrain themselves by not forcing themselves and must be able to endure what is available.
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Saving is of course very important, whatever income they have, they must be able to save a little after meeting their needs so that they can save and it will be very difficult to survive in these uncertain economic conditions, so having savings will of course be able to help a little in dealing with conditions. The economy as it is today and the gap between rich and poor will certainly continue to be a problem in society and will be difficult to control if the economy does not improve.
Saving is for emergencies or for lifelong plans. If things were to happen suddenly, you have your saved funds. But when saving you should also have a clear plan for what to do with them. Do you want to build a business with it? Invest it in crypto? In stocks?or maybe you just want to buy a house.Money is devalued more and more each year so no point in keeping all that money for nothing.
As said, middle-class people easily adapt to every living condition. The ongoing economic situation around the world has made people keep their needs limited and move towards saving more. We don't know what could happen tomorrow. Already, more countries are struggling because they aren't able to support their people by providing proper food. As mentioned, the gap between the rich and the poor keeps widening, which itself is an indication that the system isn't functioning in the right way.
Those who belong to the middle class will of course be able to easily adapt to every situation they experience, because when the income they earn is difficult to meet their needs, they must be able to restrain themselves by not forcing themselves and must be able to endure what is available.Saving is of course very important, whatever income they have, they must be able to save a little after meeting their needs so that they can save and it will be very difficult to survive in these uncertain economic conditions, so having savings will of course be able to help a little in dealing with conditions. The economy as it is today and the gap between rich and poor will certainly continue to be a problem in society and will be difficult to control if the economy does not improve.
Sorry for not being able to explain clearly. What I mean is that people in middle-class households cannot invest in anything they want because their limited income makes it difficult to manage the household. Those who have only one income field have less income, so they have to save first if they want to invest. I am not saying they will save to earn good profit. They will save to raise investment capital.
It's sad that from the poor to middle class are dealing with the same thing but obviously, the poor is the one that's struggling more. While before and several years ago, the middle class can live a lavish life without having any problem at all. And now, this seem to be the new poor description by being in the middle income earners. But there are a lot of middle class that are wise with what they earn and learned how to save and to invest properly so that they won't downgrade their lifestyles in the future.Sorry for not being able to explain clearly. What I mean is that people in middle-class households cannot invest in anything they want because their limited income makes it difficult to manage the household. Those who have only one income field have less income, so they have to save first if they want to invest. I am not saying they will save to earn good profit. They will save to raise investment capital.
It's sad that from the poor to middle class are dealing with the same thing but obviously, the poor is the one that's struggling more. While before and several years ago, the middle class can live a lavish life without having any problem at all. And now, this seem to be the new poor description by being in the middle income earners. But there are a lot of middle class that are wise with what they earn and learned how to save and to invest properly so that they won't downgrade their lifestyles in the future.Sorry for not being able to explain clearly. What I mean is that people in middle-class households cannot invest in anything they want because their limited income makes it difficult to manage the household. Those who have only one income field have less income, so they have to save first if they want to invest. I am not saying they will save to earn good profit. They will save to raise investment capital.
It's sad that from the poor to middle class are dealing with the same thing but obviously, the poor is the one that's struggling more. While before and several years ago, the middle class can live a lavish life without having any problem at all. And now, this seem to be the new poor description by being in the middle income earners. But there are a lot of middle class that are wise with what they earn and learned how to save and to invest properly so that they won't downgrade their lifestyles in the future.
Per study, there is a specific age range where your physical self and career peak (including your salary). And because of that, you can save some portions of it and invest to grow and/or use it for later. We need to learn to save now so that we have to spend in the future. In my culture, it is saddening to see children providing for their parents because their parents did not save during their peak career years. Let us break that cycle.
Not everyone lives with adequacy in terms of money but they continue to improve their mindset to find opportunities to get much more stable money. Mindset will affect people in pursuing financial stability and although sometimes it is difficult to achieve the best in the absence of capital. As long as we want to try there is definitely a way because the most important thing is we have the intention to improve the standard of living for the better.
Not everyone is born with wealth but there are many opportunities for people to reach the stage of wealth. Opportunities to get it can be done by using several ways, such as working in other people's places to collect capital, then just struggle to develop their potential after capital is collected.
that's true, of course everyone has a different financial income, even though there are people who already work and already have an income, that doesn't mean they always have money, of course their income is just barely enough, which is only enough to survive on a daily basis by making ends meet. just daily needs. Therefore, they cannot save the money they have because the income they earn is only enough for their daily needs. Not everyone is born with wealth but there are many opportunities for people to reach the stage of wealth. Opportunities to get it can be done by using several ways, such as working in other people's places to collect capital, then just struggle to develop their potential after capital is collected.
but what you say is true, of course they will definitely try to improve their mindset where they will definitely do other business to be able to have more income because they also definitely have the desire to have something they want which of course requires a certain amount of money to be able to buy it. and everyone certainly has a different fate.
Money's fine, I guess, but real friends who have your back are way more important. Close friends stick with you through good times and bad. Not just when you're pickin' up the tab at the bar! So be wise how you spend, not throwing money around just cause you got it now. Buy things you really like but save some for later, and you'll find yourself with true genuine people who care about the real you. And not with fake friends, who only care about your money.
That's true, being bankrupt can really bring a lot of insult in one's life and it will make you to look less of you, that is why it's always advisable to have the knowledge of management on how we spend our money, in order not to be embarrassed in the future because if we spend carelessly and be bankrupt later in life, we will be the one to suffer it most, even if our friends helps us, they will eventually be tired or decided not to help you once and this can lead to depression or frustration which can lead one to do things that are not lawful and acceptable in eyes of God and even to the people at large, so we should not live a life to impress anyone or spend carelessly.
The value that the middle class has been receiving and have is shrinking due to inflation. While the rich getting richer due to the opportunities that they are having. The economy that we're experiencing isn't really suitable anymore to live a wealthy and easy life when you're in the middle class. We don't even have to think about the future but we're here to have bare enough and to survive. A sad reality but everyone of us are keep on trying.
This year it seems that not many rich people are able to maintain their wealth. Because intelligent rich people will definitely consider that there will be very difficult economic conditions and there will be inflation which might worsen financial conditions in their country. Therefore, rich people who have prepared everything will definitely not be affected by inflation. In fact, wealth will grow even more when inflation occurs.
I don't really agree on this because in the end investment should be about profit, not loss because why do something in vain. Meanwhile, when we make an investment but actually make a loss, that is not an investment because the essence of investment is for profit but we ourselves are unable to make the right choice and force things too much so that the investment we make ends up making a loss in the end.
Therefore it is important for us to do things according to plan so that what we do, including investment, actually puts us in misery and we can only do this if we don't rush in deciding something and of course We also have to be prepared with planning and all the possibilities that will definitely happen.
Be smart in choosing especially for investment because the investment system is for profit and enjoyment in the future, not to make ourselves feel trapped by what we do.
Saving money is first step for investment in something. We should avoid over expenses and should spend our money on only useful things. If we will buy luxury things and we will buy it on installment ,that is foolness. Man should make budget and he should research on good stocks where he should invest his money. But he should research on the business behind the stock, if he will his money blindly ,he will lose his money and then he will investment in stock is bad and he will advise every person not to buy the stock and keep the money in the bank that is bad idea with my personal experience.Therefore it is important for us to do things according to plan so that what we do, including investment, actually puts us in misery and we can only do this if we don't rush in deciding something and of course We also have to be prepared with planning and all the possibilities that will definitely happen.
Be smart in choosing especially for investment because the investment system is for profit and enjoyment in the future, not to make ourselves feel trapped by what we do.
Indeed, in this case management is necessary but in the end before talking further about looking for stocks or whatever it is we need to know the capacity and financial condition we have as a form of good management because in the end the investment aspect follows from how finances we have.
It's sad that from the poor to middle class are dealing with the same thing but obviously, the poor is the one that's struggling more. While before and several years ago, the middle class can live a lavish life without having any problem at all. And now, this seem to be the new poor description by being in the middle income earners. But there are a lot of middle class that are wise with what they earn and learned how to save and to invest properly so that they won't downgrade their lifestyles in the future.
Currently it is quite difficult to save and invest, and this does not mean that we have to be wise in thinking about finances for the future, but the current economy of society is very difficult, especially for those at the bottom who work as farmers or fishermen, let alone saving for their needs. everyday life, even now it is difficult, because market prices are uncertain, how do they think about retirement benefits in the future? They don't know what day it will happen.This is what our society is currently experiencing, the current economy makes it impossible for some of us to think about a more beautiful future, because our income is uncertain.
Success isnt something that would come into you if you wont really be taking up any actions. If you do find yourself having that financial struggle or lets say you do have that good opportunity on earning money but doesnt have that good management out of it then it would really be useless or pointless. If you do like to have a progressive life and wanting to have that kind of success then you should really be that wise and making up those decisions which would really be getting in line on what you are projecting on or simply on what you are targeting into. We do know that when it comes to this then each person does have that different approach.
Savings is for emergency purposes but we do know that it isnt really just that only for emergencies but also for other usage as well such as investment and making up some business.
It would really be just that depending on how you would really be utilizing those amounts for the benefit you could really be able to get but of course you would be needing that proper planning.
How to get rich? You need a plan, like a solid workout. This isn't gambling or hoping. Much like an architect requires a blueprint, you need a financial strategy. Financial diversification is crucial. Not only emergency savings. You invest in stuff that could exponentially grow your money. Creating several income streams so you're not reliant on one wage. Rich individuals don't work for money; they manage it. Don't only earn; do what you earn. Better investments and spending habits are needed.
Not everyone lives with adequacy in terms of money but they continue to improve their mindset to find opportunities to get much more stable money. Mindset will affect people in pursuing financial stability and although sometimes it is difficult to achieve the best in the absence of capital. As long as we want to try there is definitely a way because the most important thing is we have the intention to improve the standard of living for the better.
Not everyone is born with wealth but there are many opportunities for people to reach the stage of wealth. Opportunities to get it can be done by using several ways, such as working in other people's places to collect capital, then just struggle to develop their potential after capital is collected.
Yes I understand you. There was a book I read when in primary school"Without a Silver Spoon", that means nobody was born in Wealthy Parents" but their parents hustled in life to make them become the person they want to be today. Then there is another song I use to listen even now. "Celebrate " according to the song writer, he was born with a Silver Spoon but he lost the Spoon, so he has to start from the beginning. And there is a boy I know in my residency, he won $8,000 with the current exchange rate and nobody knows that he has such amount, meaning not everyone that has money showcase themselves as you said. Good thinking is one of the best wealth in life. Not everyone is born with wealth but there are many opportunities for people to reach the stage of wealth. Opportunities to get it can be done by using several ways, such as working in other people's places to collect capital, then just struggle to develop their potential after capital is collected.
In this present day many people don't need to be born with a Silver Spoon but their knowledge, and good thinking can make them rich.
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