Take care of your money and learn to save.

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Quote from: CryptopreneurBrainboss on May 12, 2024, 02:09:30 AM

Quote from: Lidger on May 04, 2024, 03:21:26 PM

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.

Saving should not be an option, saving is a perfect way to go broke because there's no benefit in saving. Instead of saving what you should do is to be investing. Saving puts your money to rest and money shouldn't be resting but active producing more money for you and that's the work of investing. Investing has been made easy this days with the introduction of the internet that birth Bitcoin. You don't need to pass plenty procedures to become an investor anymore, with the right knowledge you can invest from home with your laptop or mobile phone either in crypto or other online investment.

Money needs to be multiplied, don't hesitate to take risk while you still have the ability to work for your money because soon you won't have the physical strength to work for money and it is then that your money would need to replace the hard work by working for you and bringing in more money. If you don't have andy automatic stream of income from Investment or owning a business currently, you have to start working on that immediately so you don't end up going broke.

Investing is popular, and everyone wants Bitcoin. There's no miraculous money machine here. You must first secure your money before multiplying it. Crypto is seductive. It's volatile too. A rollercoaster, not smooth. Not for the faint of heart, this game makes and loses fortunes overnight. You must continually learn, adapt, and take risks. Investing is crucial, but not everything. Never put all your crypto eggs in one basket. That's disastrous. Start with reliable investments. Create a foundation. Only if you can handle the volatility can you dive into crypto

mvdheuvel1983

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Quote from: Litzki1990 on May 05, 2024, 02:08:03 AM

Every thing must have a future plan, if we forget the future plan just to be good in the present, then our future will not be good at all. The OP makes some pretty good points here, we need to think about the time. I spent enough money because I have enough money, but if there is no money in the future, then there will be no money to spend when needed. From the amount of money we have, we have to spend the amount of money that we need to spend, then we have to try to invest a part of the remaining money and try to save a part of it. If the investment can be planned from now and the plan can be implemented then this investment can change the financial status of a person in the future, on the other hand if the person has savings along with the investment then that savings will stand at the risk of the person. So you should plan with investment and savings to have time.

I totally agree with you on people putting more effort to the future than the present,some person has taken it open themselves to continue to lavish forgetting that our future foundation starts now, finances are not meant for lavishing, is not as if we won't purchase some luxury but before we can do that we should have a strong investment that can sustain us even though we decide to purchase whatever we want, I Believe in investing my money in a good asset because rich people today was able to figure out what they can offer as a service to humanity so that they will be paid in return and many of them has spread their tentacles to the extent that they can't be poor again because of the level of wealth they have acquired so far, if we want to be rich there are sacrifices we have to make, those sacrifice will stand as testimony when we finally reach where we plan to be.

Fuso.hp

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We must be careful about money because money is very important in our life. He who has money can have everything in the world because money can buy almost everything. We should not be limited to spending the money we are earning but we must be aware of how much money we are earning and how much money we are spending every month and stay within certain limits. Like I earn good amount of money now but I don't think about future then it must be wrong decision for me. In addition to having a good job, everyone should create an alternative job so that if one job goes away, there is good financial support from another job. Regardless of how much money we earn, we must spend money wisely and refrain from spending money out of necessity.

CryptopreneurBrainboss

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Quote from: Lidger on May 04, 2024, 03:21:26 PM

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.

Saving should not be an option, saving is a perfect way to go broke because there's no benefit in saving. Instead of saving what you should do is to be investing. Saving puts your money to rest and money shouldn't be resting but active producing more money for you and that's the work of investing. Investing has been made easy this days with the introduction of the internet that birth Bitcoin. You don't need to pass plenty procedures to become an investor anymore, with the right knowledge you can invest from home with your laptop or mobile phone either in crypto or other online investment.

Money needs to be multiplied, don't hesitate to take risk while you still have the ability to work for your money because soon you won't have the physical strength to work for money and it is then that your money would need to replace the hard work by working for you and bringing in more money. If you don't have andy automatic stream of income from Investment or owning a business currently, you have to start working on that immediately so you don't end up going broke.

erep

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Quote from: Mrbluntzy on May 11, 2024, 12:56:15 PM

Quote from: Lidger on May 04, 2024, 03:21:26 PM

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

If someone is an employee or a business owner, they have the obligation to save some part of their salary or daily and weekly earnings if it's from business. Having a savings balance or saving for raining days is an obligation for salary earners. In case of emergencies, it's our savings account that can serve as the plan B. There is also need to save and invest.

Savings and investment are a balance in managing finances for a better life, we cannot possibly only have one of the two which will make it less optimal in managing our finances, so the allocation of savings must still be shared with investments and vice versa for plan B, because we will only use savings for emergency needs without converting the investments we have, unless you need large funds for certain costs then you must have high funds for your needs.

Fatunad

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Quote from: Jody.Drummer on May 11, 2024, 01:02:15 PM

Quote from: Bobrox on May 10, 2024, 04:41:10 PM

Behind how small salary receiving every month not all people around the world has opportunity spend few percent for saving assets, most of countries has below standard of payment salary and required hard working around 12 hours every day. In my country Indonesia has difference cases and difficult for spending around few percent of salary for saving because too expensive daily cost than with how much payment salary receiving.

I think need to brave out from comfortable zone looking for opportunity with higher payment salary on bigger companies outside to bigger country, I think will make us have bigger chance to get more saving behind bigger salary receiving and easily for spending as investment assets.

That's true, not everyone can save, even those who already have a job and have a salary that they can get for a certain period of time. some people are of course used to a luxurious lifestyle but they have a mediocre income so that when they receive a salary it is only to pay this or that bill, even with what you say it is like the daily expenses which are very expensive, it becomes disproportionate to the salary which are owned. Even though money management is good, if income and expenditure are not balanced it will be difficult to manage.

A big salary might help, but what we have to look at is our own portion. If we really want a bigger salary or income, we have to be able to look at our own skills or abilities, whether we are able to do things equivalent to a higher salary. big or not, because I'm sure there are some people who are trying to get extra income by looking for side jobs, but even that is not easy to do so what happens is that it makes them sick because they are too tired from working.

Totally this is really indeed situational on which there would really be people who are really that mindful when it comes to savings and there are ones who doesnt really care and there are ones who cant be able to do so just because they do prioritize those more important things that savings. Who doesnt really like on having some extra funds that been that kept for that sole purpose or whatever you do have in mind or simply in talks of future. Having savings is really that relevant or something and something that you will really be needing up to consider because we dont know on what would happen into our lives on which it would really be just that normal that there would be those unexpected things to happen and if ever you dont have any savings then you are all fucked up and this is something that we must avoid for you to have that kind of
saving up yourself on tough situations and also this isnt only for emergency funds but also on investment opportunities as well.

Jody.Drummer

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Quote from: Bobrox on May 10, 2024, 04:41:10 PM

Behind how small salary receiving every month not all people around the world has opportunity spend few percent for saving assets, most of countries has below standard of payment salary and required hard working around 12 hours every day. In my country Indonesia has difference cases and difficult for spending around few percent of salary for saving because too expensive daily cost than with how much payment salary receiving.

I think need to brave out from comfortable zone looking for opportunity with higher payment salary on bigger companies outside to bigger country, I think will make us have bigger chance to get more saving behind bigger salary receiving and easily for spending as investment assets.

That's true, not everyone can save, even those who already have a job and have a salary that they can get for a certain period of time. some people are of course used to a luxurious lifestyle but they have a mediocre income so that when they receive a salary it is only to pay this or that bill, even with what you say it is like the daily expenses which are very expensive, it becomes disproportionate to the salary which are owned. Even though money management is good, if income and expenditure are not balanced it will be difficult to manage.

A big salary might help, but what we have to look at is our own portion. If we really want a bigger salary or income, we have to be able to look at our own skills or abilities, whether we are able to do things equivalent to a higher salary. big or not, because I'm sure there are some people who are trying to get extra income by looking for side jobs, but even that is not easy to do so what happens is that it makes them sick because they are too tired from working.

Mrbluntzy

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Quote from: Lidger on May 04, 2024, 03:21:26 PM

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

If someone is an employee or a business owner, they have the obligation to save some part of their salary or daily and weekly earnings if it's from business. Having a savings balance or saving for raining days is an obligation for salary earners. In case of emergencies, it's our savings account that can serve as the plan B. There is also need to save and invest.

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Quote from: mamesso on May 11, 2024, 08:43:07 AM

If you want to save money in the short term, just learn to save. But if what you plan is for the long term, then you have to invest. Money has an attraction like a magnet, people will respect you and always listen or confirm what you say even though what comes out of your mouth is just empty talk.
You have to manage your finances wisely, make several portions and then divide the percentage of the amount that is appropriate for each portion. Savings should not be excluded if you don't want to disrupt the investment you have planned for the long term, don't let yourself live with a lack of resources in the future due to not being wise in managing finances in the past.

Poor planning with financial has a deep consequences, I really concur mist facts here it speaks volume in my heart, the type of investment one choose should be able to serve a good purpose in future because the money it self some view it in different dimensions on how it last in their hand , as some said is spirit but is don't agree with such because it's how you handles it that determine how long it will last and what may your take at the end.
Planning and proper management is very important when money comes to a holder investing it is a good or long term investment can be of more profitable most where the profits is very good to beacon such as BTC.

Accardo

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Quote from: MissNonFall9 on May 11, 2024, 07:34:07 AM

Quote from: Bitco55 on May 11, 2024, 05:58:28 AM

Yes, people's financial situations aren't always the same, but the thing about people coming code to you when you have money and leaving you when you don't isn't something I'm making money for. Spending money just cause you want people to be around you is careless and out of desperate desires.

Personally, I'm more concerned about the "lonely at the top" phenomenon. Because people don't really care about anyone anymore, just themselves and so should you. Take care of your money, and yourself, invest in yourself, and save more, and the future will take care of itself if you do the right things now.

Although money is not the ultimate everything to people, money is more than many things to people. No one can deny the need for money in this world. But in some cases people create controversy about money like money can't make people happy can't restore lost health etc. But if you think very deeply, the meaning of money is found. For example, the financial status of people is not always the same. When a person is in danger or in financial crisis, the person or relatives can be known well. The only reason is money. Because if there is no money, even close relatives keep a distance. So we all should take care of our money saving and investing.

Time is more important than money. It's better to spend money to save time than to waste time saving money. Investment also requires time to mature. Making more money is better than saving more money. Because being able to secure a source of income that'll last the test of time, shows a good usage of time. When we utilize our time very well going out of money wouldn't be a trouble anymore. Having a single source of income is what makes people worried about saving money. Look at the inflation, the amount of saved money in your bank depreciates. It's better to follow the trend, earn bigger to battle the increase of product prices in the market. However, it's always nice to have some funds in our possessions not just going completely out of money. At least while saving, invest on a profitable business for comfortability.

Hypnosis00

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Quote from: Lidger on May 04, 2024, 03:21:26 PM

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.

Well, the sad reality is that we know how to spend our money on luxurious stuff but never know how to value it and spend into the right thing.
Many individuals have huge salaries but still have no investment plan which in the end, they remain empty and broke.

We usually just realize our wrongdoings when we face difficulties in life and say, "I will money next time". Too good to hear but this kind of promise is usually broken.

So I would say that if we want to change, we also need to change our mindset about money because the moment we know how to value our hard-earned money, the more we care about it and are able to spend wisely.

mamesso

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If you want to save money in the short term, just learn to save. But if what you plan is for the long term, then you have to invest. Money has an attraction like a magnet, people will respect you and always listen or confirm what you say even though what comes out of your mouth is just empty talk.
You have to manage your finances wisely, make several portions and then divide the percentage of the amount that is appropriate for each portion. Savings should not be excluded if you don't want to disrupt the investment you have planned for the long term, don't let yourself live with a lack of resources in the future due to not being wise in managing finances in the past.

Deddyhoku

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It's really hard to safe in the world with 10% inflation rate at least. There are not so many places that can outperfom it. Sometimes i think that it just better to spend everything that you have asap to not burn it

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Quote from: Bitco55 on May 11, 2024, 05:58:28 AM

Yes, people's financial situations aren't always the same, but the thing about people coming code to you when you have money and leaving you when you don't isn't something I'm making money for. Spending money just cause you want people to be around you is careless and out of desperate desires.

Personally, I'm more concerned about the "lonely at the top" phenomenon. Because people don't really care about anyone anymore, just themselves and so should you. Take care of your money, and yourself, invest in yourself, and save more, and the future will take care of itself if you do the right things now.

Although money is not the ultimate everything to people, money is more than many things to people. No one can deny the need for money in this world. But in some cases people create controversy about money like money can't make people happy can't restore lost health etc. But if you think very deeply, the meaning of money is found. For example, the financial status of people is not always the same. When a person is in danger or in financial crisis, the person or relatives can be known well. The only reason is money. Because if there is no money, even close relatives keep a distance. So we all should take care of our money saving and investing.

Bitco55

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Yes, people's financial situations aren't always the same, but the thing about people coming code to you when you have money and leaving you when you don't isn't something I'm making money for. Spending money just cause you want people to be around you is careless and out of desperate desires.

Personally, I'm more concerned about the "lonely at the top" phenomenon. Because people don't really care about anyone anymore, just themselves and so should you. Take care of your money, and yourself, invest in yourself, and save more, and the future will take care of itself if you do the right things now.

nurilham

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Quote from: Lidger on May 04, 2024, 03:21:26 PM

People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend.

Indeed. We don't know how the condition of our life in the future. We may have no good income anymore, or we may experience something that require a lot of money. So we must have savings to deal with unpredictable condition in the future. I think everyone must have the saving, it is a part of our future plans. There is no person who wants to risk himself without reserved money. Moreover, this life is increasingly dependent on money, everything requires money. The only way is to try having established money. We may have saving and investment to ensure this.

Well, spending money with no clear reason is a careless way. Spending for unnecessary thing is a bad habit. I hope none of us do this, it is not a habit of wise people. Specifically for a man who has wife and children, spending for no clear reason is stupid action. We must be wiser to spend money because the daily needs are increasing day by day.

Bobrox

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Quote from: Yatsan on May 09, 2024, 07:59:16 PM

Saving is essential however, not all people have that privilege to do so. In some places in particular with third world countries, wherein some people are only earning enough to insufficient amount on each day which makes it hard for them to save or have savings. There are just circumstances we cannot aid in an instant but the idea is there. Aside from saving there's also investments an individual could engage oneself if it is for the benefit of his/her future. The idea is growing the amount of money bigger through the years than to just let it sleep without any source of growth unless you'd put additional amount into it. At the end of the day you need to choose which would work best for you depending on the cashflow of your salary.

Behind how small salary receiving every month not all people around the world has opportunity spend few percent for saving assets, most of countries has below standard of payment salary and required hard working around 12 hours every day. In my country Indonesia has difference cases and difficult for spending around few percent of salary for saving because too expensive daily cost than with how much payment salary receiving.

I think need to brave out from comfortable zone looking for opportunity with higher payment salary on bigger companies outside to bigger country, I think will make us have bigger chance to get more saving behind bigger salary receiving and easily for spending as investment assets.

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Quote from: Lidger on May 04, 2024, 03:21:26 PM

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.

Inflation has eaten up our currency badly, there is no significant purchasing power left on them but some countries are still able to control their own but even with that, I don't believe in those numbers because the price of goods has increased by far than what is been reported about inflation. If you want to fight that, then the only way is to invest your money into an asset that can appreciate with time and the asset must be active to give you something as inflation grows.

Quote

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

You don't have to listen to what people say, your financial status is your problem and not anyone thing to solve and if you go broke because what people will say, then you will suffer alone because when you have money, people might want to associate with you but by the time you have nothing, everyone we will perhaps your family might stay behind but people you least expect to disappear will all leave.

ChiBitCTy

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As a financial guy I tell all my clients that you should try and save at least 15-20% of your earned income towards retirement. If you can save more, than certainly do so. Run a monthly budget AT LEAST once a year, making sure you're saving as much as you potentially could be. Then make sure to do everything you can to be saving money (cut coupons, sign up for rewards apps, and things of this nature..it can go a LONG way).

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Quote from: Mame89 on May 09, 2024, 07:03:14 PM

Quote from: legendbtc on May 09, 2024, 04:53:19 AM

When it comes to saving, most people will think of stopping spending on non-essentials, but what are non-essentials when we only spend on basic daily needs? Instead, why don't we find ways to increase our income? That will help us spend comfortably and help us save more easily. Not only knowing how to save but not thinking about how to increase your income, your family will fall into difficulty when you focus too much on saving and spending stingily. If we focus too much on planning to save money, it will only make us more tired of life. Instead, it would be better if we looked for ways to increase our income.

Agree. The mindset that by saving our money will increase or become rich must be eliminated from now on. because what is clear is that saving does not make us rich due to inflation every year so that we lose value. So save for your daily needs and allocate the remaining emergency funds for investment, not for buying things you don't need. This is not stingy but this is to create financial freedom in the future. If we are smart about finding additional work that increases our income, of course this is better so that we can spend on the things we need to enjoy life, but not everyone can easily earn more income, people's skills are of course different. In essence, whatever your income, don't forget about investing, because this will create your financial freedom in the future rather than saving.

Saying that doesn't mean I'm against saving, what I just want to say is don't focus too much on saving but instead find ways to increase your income so you can live more comfortably. Increasing income by doing business, working part-time or investing depends on each person's choice, and it is not necessary to invest while ignoring other ways to make money. Because investing also does not guarantee us financial freedom or will always bring profits. Everything has its risks, so investing or doing business depends on each person's preferences and abilities.

Topic: Take care of your money and learn to save. (Read 881 times)