Topic: Take care of your money and learn to save. - page 6. (Read 2010 times)

People who grew up to be rich would definitely have a harder time adjusting if things were to look down in terms of their financial situation. They have never experienced having to save or looking for a cheaper alternative sometimes even forcing ourselves to not buy something we want simply because the money can be used elsewhere preferably somewhere much valuable.
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.

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.

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.

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.

Apparently, poverty-stricken people may appear to be struggling more when seeing their suffering. (sorry - I am not belittling them because I don't have the ability to belittle them) The middle class once lived a good life without any kind of calamity but in today's context it has become really difficult to live in an economic crisis with these rising market prices. I am saying that the suffering of the middle class is greater because they are far removed from their position and cannot tell anyone about this misery. In any case intelligence must be introduced through creative planning and action to manage life smoothly from now on.

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.

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.

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.

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.

They know how's the global economy works. I'm not sure if they have seen this coming but they're moving their money to real assets like bunkers and other assets that can retain their wealth. But even with that, they're not going to the point of losing their wealth. They know this money game and they can maintain their statuses even if the global market collapses. And that's how they are becoming richer, not just all about making money but to see what's coming ahead of time compared to the most of us.

I also don't really agree with this because however we must understand that even though the goal is the same, in the end saving and investment have differences in their sustainability so that even though they are literally the same, they are 2 different things where we know that Investment is saving the money we have for a certain period of time in order to get greater profits and saving is a form of saving that we can use anytime when we need it and does not mean that saving is the first step to investing because in the end the money from savings can be used for anything not only for investment considering that the money from savings can be used for any purpose. Saving is a form of savings that we can use anytime when we need it and it does not mean that saving is the first step to investing because in the end, money from savings can be used for anything not only for investment considering that savings are flexible and can be a reserve fund that we have.

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.

Friends, wealth isn't luck. Finding chances and taking the risk is key. Watch the winners; they're not waiting for something. The next big thing is always on their mind. Just because you're struggling doesn't mean you should give up. This is a wake-up call to change tactics. Instead of just spending money, the wealthy thrive by finding methods to generate more.

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.

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.

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.

I would not consider it wrong to save, because in general it is still very useful for anyone. But in terms of saving, everyone also has to be smarter in choosing what is best for them to save at a young age, because if they only save money without thinking about inflation, it can destroy the value of money itself. I think people who do things like that have made a mistake in choosing their savings options, because now there are many other options for saving besides money and that is something that can really save our old age.

Examples are saving Bitcoin, gold, and also buying more land in strategic complexes because this can enable everyone to reap quite extraordinary results in their old age. Because as we have seen, Bitcoin can be relied on as a savings and investment option, as well as gold and land, which always experience an increase in price every year, although the price increase is not that significant if we compare it with Bitcoin. So don't just take the savings option on money alone, but be smart and wise in choosing assets to save for a bright old age.

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 think everyone wants to have money in their old age, but sometimes when they are young, there are still many people who are not aware of saving. Even when they were young, most people spent their money on unproductive activities such as partying and so on. Therefore, saving is important and you also need to train yourself to do it. because the benefits will be felt when you retire.

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.

Rich or wealthy people would be normally be that sitting on the top as always since they are the ones who do continously making money while to those who are sitting on the middle and low would surely be experiencing even more hardship as years passing by. This is why its not really that shocking that those conditions wont really be changing up not until you would really be making out such act for yourself and find for another opportunities.

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.

People's that have money there miss use their money instead of them to be used the money do better thing or established them into another till when the money has finish they will come later regrets, which they will nit even know how the money take finish. One thing in life by the time you money you have many peoples close to you but once they see that the money has gone they will definitely disappear from you Side, and that's is is good to know the type of people's that you can make friends with not the ones that only knows you the time that you have something on your hand and easily far away from you the time that you're empt handed.
Actually the amount of the money we are earning now is divided into two part accept those that are not divide their own, and if we look at it divide amount of money we earned daily or monthly is the best ideal for this country our country we living. Expecially if we're taking one part to invest even thought the work that we're doing has stop we can the reason where to get money or how to survive with your family's with the small investment you do you can support yourself and families. But not all the people's are think of that till when the financial crisis has happened to fi them they will be later regrets about save or invest.

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.

Saving is very important and it plays a huge role in our lives because life is always full of surprises. But one thing I see is that many people underestimate saving, they always have the stubborn mindset that inflation causes money to lose value and they don't want to have any savings. Meanwhile, they never even know what their country's inflation rates are and how they change. Instead, they think about investing and investing all the money they have, they dream that investing will help them beat inflation, help them become rich. They forget that making money is never easy and is even more difficult when it comes to investing because the higher the return, the higher the risk.

Even billionaires and top businesses always have money saved for emergencies, but surprisingly, retail investors like us think saving is wasteful.