Topic: 2023: What money lessons have you learned so far? - page 2. (Read 499 times)
My money lesson, which I learned this year, can be formulated as follows: there is a more successful year in the economic aspect, and there is a less successful one. But do not get too hung up on this, there are more important things in life.
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What money lessons have you learned so far?
What money lessons have you learned so far?
1. That i can't trust on my investments not to crash to zero. Cash is the king in the end investments aren't necessarily going to be your retirement bag.
2. Be prepared to leave rest your bags untouched for 5 years after you got what you invested back. And prepare for them going to zero.
3. Never fall in love for a coin. (i actually learned this long time ago, but then another cool coin comes and i immediately forget it and can't see clearly)
What money lessons have you learned so far?
Compound interest has never been that rewarding due to inflation. My lesson is that saving money is like not putting money to work. As a business owner it's very important to invest money on ways that'll boost the business, instead of piling up the money in the bank. Like a thread on the discussion board that encourage people to take care of themselves as nobody knows tomorrow. It's of no importance to deprive ourselves from a certain way of living life because we want to save up money and gain profits in future. It's better to invest into Bitcoin than putting money into compound interest.
The most important lesson about money in this current year is that it's unpredictable and its really difficult to earn money nowadays , job based people tend to earn a fixed rather less amount of money and they always have difficulty in eating their expenses . On the contrary business based people have more opportunities to earn money with alot of risk involved so choose what's hood for you and your life.
The point is you can't leave life to the conditions of destiny, everyone must have a plan in living life and no matter how difficult the conditions are, there must be several options to hold on to. The work base is not a problem and you also have to think about the short and long term, at least if you intend to build a business, you must prepare capital in advance and any work base depends on how you can save income.When you have collected enough money, you think about a business that you can run, talking about building a business is also not as easy as imagined and when you don't master the business it's not necessarily successful either. Finally, if we talk about risks wherever we are we will never escape risks and most importantly how do we deal with these risks.
My current experience about money which become a lesson for me is that I always save money. I mean it's a good thing to save but the point that I will settle for less for example for the foods I always choose the cheap one just to save a few coins just like that.
I found myself happier when I don't limit myself to have comfortability when buying than saving. I still save before but it's become a habit to save anything it reached to the point that everything I see with price should always be cheap to save.
I found myself happier when I don't limit myself to have comfortability when buying than saving. I still save before but it's become a habit to save anything it reached to the point that everything I see with price should always be cheap to save.
You need a side hustle even if you have a main job
This cannot be over emphasized. There is no job security. Nothing is promised. Learn a skill or turn your interests or that thing you enjoy doing in your spare time to a side hustle. We all need the extra cash.
In order to reach our goals, such as owning a home having a car, as well as to be able to have a normal life, side hustles are extremely crucial and necessary. If we were to look around right now.A company employment does not guarantee that we will work there for many years, thus it is unreliable, and many government employees are complaining about their meager wages/salaries due to the poor state of the economy. If we look at the rate at which firms are firing employees, I will say that this is true.
What money lessons have you learned so far?
Saving money today can enable you to solve any financial issues you may have tomorrow, according to the financial lessons I learnt this year.Many people spend their money by purchasing useless items since they don't think about how tomorrow would turn out. So, in order to have some money to fall back on, we need to spend prudently.
I have learnt quite a lot. Some from my personal experience, also from other people. Every body should be scared of being broke. It degrades a person.
We should spend what is left after savings, not the other way round. If you decide to spend first, with the money in your pocket, you might end up squandering the it on things that are not important to you.
Carry out research and put your money in a trusted and tested investment company. Instead of leaving it in a bank.
Join a cooperative, where you can save prudently.
Learn about bitcoin.
We should spend what is left after savings, not the other way round. If you decide to spend first, with the money in your pocket, you might end up squandering the it on things that are not important to you.
Carry out research and put your money in a trusted and tested investment company. Instead of leaving it in a bank.
Join a cooperative, where you can save prudently.
Learn about bitcoin.
One of the money lesson i have learnt so far is never to keep money as in savings. Investing money is better than keeping money. Because if you keep money in the bank for savings, it will remain the way it is over the years, but if you invest the money, with time it will multiply and you will have more money. Especially in bitcoin.
Most people fail to plan for their future, planning for the future has to so with investing. When you get old, your investment will stand for you
Secondly, having just one source of income ia not good. You need to have more than one stream od income.
Most people fail to plan for their future, planning for the future has to so with investing. When you get old, your investment will stand for you
Secondly, having just one source of income ia not good. You need to have more than one stream od income.
Many people just keep on saving money and they have no plans for the money, they're usually with the opinion that they're saving for future raining days and when you look at their present life, they're already living in the raining days without realizing it because of their mentality.
Not everyone has enough knowledge to invest, not everyone even has the ability to properly plan their budget and, as a result, save something every month. You can’t blame people for this, everyone lives as he considers best for himself. If there is housing and earnings enough to live well, and it turns out to be a little postponed, even without further investment, then this is not bad at all.
And over time, when some kind of capital accumulates, thoughts may appear about where you can invest it.
Some of the crucial money lessons I learned in the past few months both from personal experience and from watching other people
4. If you need a motivation for saving, attach a goal to it. This explains itself. Save with a goal or purpose in mind.
What money lessons have you learned so far?
4. If you need a motivation for saving, attach a goal to it. This explains itself. Save with a goal or purpose in mind.
What money lessons have you learned so far?
Savings without any plans for the money is wasteful since inflation will make the money you saved today worthless in the future when you want to make use of the money but when you save with goals of investing that money in the future and it shouldn't be a very long future instead you're saving and waiting on when the opportunity comes to invest then the money saved won't be a waste.
Many people just keep on saving money and they have no plans for the money, they're usually with the opinion that they're saving for future raining days and when you look at their present life, they're already living in the raining days without realizing it because of their mentality.
1 Invest in the future of your kids so that they have something to fall back on:
There is a saying that even though I don't come from a wealthy home, a wealthy home will come out from me. The ease with which your kids will experience life when you consciously focus on investing in the future of your kids, cannot be overemphasize. You'll be less stressful, less anxious because you got it all covered. What are some investment you think are wise to be made for the future of your kids?
Actually, I did it and begin 2 years ago. I feel that our children will be a promising investment for the future after my age getting old. Not many, just a few bitcoin in a vanity address. I will give to them after 18+ years. So, how it works, After my child gets the bitcoin, I advise them to not sell it all, better to invest it half on another platform like stock or altcoin. Then leave it fourth (bitcoin) for my grand child, then so on like that. There is a saying that even though I don't come from a wealthy home, a wealthy home will come out from me. The ease with which your kids will experience life when you consciously focus on investing in the future of your kids, cannot be overemphasize. You'll be less stressful, less anxious because you got it all covered. What are some investment you think are wise to be made for the future of your kids?
do not ever get attached to it. Because it is out of the attachment that brings out a lot of evil vices where you do not mind doing anything even though it is illegal to get it or get more of it.
Some say money isn't everything but we must make money, if you have money or lemme say enough money there's no way you won't get attached because it would be like a blood sucking disease that it pushes you go never stop, always go and get more no matter what (that depends on if you're greedy).
Is best to control your hunger for money when you know you can still get more of it, if you don't that's when the bad side of it comes out.
The lesson have learnt about money is never tell yourself you have money even if you do, if not those unnecessary distractions will follow.
I started working long back in 2006, and ever since then I always had a supplementary source of income. If this supplementary source was not there, then it would not be possible for me to invest in Bitcoins or in other assets, because income from my my full-time job barely covers my expenses. I invested in Bitcoin back in 2014, and since then I have received a ROI of close to 5,000%. But it is not very easy to have a supplementary source. Monetarily, it is beneficial, but it takes a lot of effort and in the end you hardly get any free time.
2 Do not go about with large wads of money in your wallet or with you
The first reason is for security purposes. The second reason is so that if you lose your personal items, it will not hurt so bad. Besides who still carries cash when you can make payments digitally. What do think?
The first reason is for security purposes. The second reason is so that if you lose your personal items, it will not hurt so bad. Besides who still carries cash when you can make payments digitally. What do think?
And it can also prevent us from spending more than what we have arranged in financial planning, so it's not just bringing money as necessary it would be better, not to also carry an ATM card or credit card so we won't easily spend it on something we don't really need. important.
So before leaving the house focus on what to do and also what budget to use.
What money lessons have you learned so far?
Never lend money if we can't afford it, because if the money is no longer in our power then it is no longer ours, so even though we have savings, but if what is borrowed is money with an amount that we cannot afford to lose it would be better to refuse it even if it is someone closest to us 
Money isn't important and money doesn't bring happiness, but then, you'll have to make enough money before you can go ahead to say so ( As said by a billionaire ) Also, in prison cells, there are stuffs having more value than money so, don't always deal with numbers.
1) Earn Before you spend... And do not double check when it comes to your personal investments. ( Books, Gym, Health, and Traveling )
2) By all means do well to be out of debts. Avoid investing with borrowed funds.
3) Thanks to the Bitcoin Forum and Bitcoin Standard,ican boldly tell anyone Fiat Currencies and that Bitcoin is Sound Money.
1) Earn Before you spend... And do not double check when it comes to your personal investments. ( Books, Gym, Health, and Traveling )
2) By all means do well to be out of debts. Avoid investing with borrowed funds.
3) Thanks to the Bitcoin Forum and Bitcoin Standard,ican boldly tell anyone Fiat Currencies and that Bitcoin is Sound Money.
What money lessons have you learned so far?
Well, the first is that money is not the most important thing in this life, but it is very important because it is a means to achieve ends, because it gives you options.
The second is that money is not evil, it is neither good nor bad, and that the money you earn honestly is a reflection of your positive contribution to society.
Third and last, money is like a plant, like a crop, if you take care of it, water it and fertilize it, you will have more. If you think it is evil and all you do is spend it as soon as you have it, don't be surprised if you have a shortage of it.
I could say more but they are common sense (spend less than you earn, have an emergency fund and the like).
2023: What money lessons have you learned so far?
Got a few on my list.
1. I have to learn (though I've learned partially lol) how to control the unnecessary spendings like vacations and night outs. However, without these trips my life would be completely boring. So, it's something that keeps my mind remains sane, just like everyone else who has their own hobbies they're spending their money with.
2. Need to develop some skills to keep up with the career competition in the line of work I'm in.
3. Save whatever it takes just find a way to save.
I've learned the fact that having one source of income only isn't sufficient, and investing money in stock hardly ever make and generate money, it's in highly speculative instrument that one can have some good returns if they are good enough in term of seeking the chance at every market movement.
also managing money is easier if one have good earning, if it's just small amount of money earning then it's instead always gonna being used for fulfilling basic needs frequently and most of the time.
but like many have mentioned do not let the money control us instead we should control how money could be beneficial for our life, even for betterment of the world. but of course it's easier said than actually doing after all, even earning money is hard enough.
also managing money is easier if one have good earning, if it's just small amount of money earning then it's instead always gonna being used for fulfilling basic needs frequently and most of the time.
but like many have mentioned do not let the money control us instead we should control how money could be beneficial for our life, even for betterment of the world. but of course it's easier said than actually doing after all, even earning money is hard enough.
One of the most important lessons I have learnt in 2023 about money is that money comes and money goes do not ever get attached to it. Because it is out of the attachment that brings out a lot of evil vices where you do not mind doing anything even though it is illegal to get it or get more of it.
Your use of this expression reminds me of local proverbs. But the funny thing is that you discovered these intuitive results only in 2023!?If you, my friend, do not have a clear strategy, it is certain that your budget will be affected by many factors and circumstances, and most likely it will not emerge from the pace of financial crises. The result becomes that the best lesson that can be learned is to move financially according to a clear strategy and a smooth scheme. Some of the advice mentioned in this article may help you reach your money goals : https://smartasset.com/financial-advisor/financial-strategy
One of the most important lessons I have learnt in 2023 about money is that money comes and money goes do not ever get attached to it. Because it is out of the attachment that brings out a lot of evil vices where you do not mind doing anything even though it is illegal to get it or get more of it.
Another lesson I've learnt is that if you are contented with the money that you have and you deserve more you will get more. More money from me comes through contentment and intense desire. Contentment gives you clarity and desire gives you motivation.
Another lesson I've learnt is that if you are contented with the money that you have and you deserve more you will get more. More money from me comes through contentment and intense desire. Contentment gives you clarity and desire gives you motivation.
I have same ideology with regards to money. I know that money is important these days since it is the way for us to provide our own needs and wants but we should not let money control us since money is not the only thing about life. Indeed you should never get too attached to it since I still believe that when you do something that you love without hurting others in any other way, money will come for those who will work hard for it.
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