Topic: 2023: What money lessons have you learned so far? (Read 518 times)

I think the lesson I've learn about money is better to buy a more expensive product than the cheap one. It's true if you buy the cheap product you will not spend too much money and you will have more money to invest, but if you buy a more expensive product which can be used for increase your productivity or make your life better, don't worry about that, you're still investing but in another way.

Here are you go about my learnings...
1.) Any investments will do for our kids as long as it is legit but since we are already here in crypto, I will prioritize Bitcoin. It's okay to be biased when we know that Bitcoin potential is much bigger than a normal asset. 2.) I don't carry large amount of money when going outside not unless if I am planning to buy something expensive. I also don't carry my phone with me at all times because my phone is a little expensive and this is where I store my cryptos and digital money. 3.) What if you are already working for longer hours in your main job? I don't think you still have an energy left to perform the other job. 4.) There are no people who just save money for nothing but each of us has a plan.

Well, I learned that having a single source of income is not enough in today's economic environment and that it is very important to diversify your sources of income. Besides, it is also necessary to know how to manage money because, regardless of how much you earn, if you don't have a budget and manage your finances effectively, the money will evaporate quickly. Even if it's a small amount, setting a savings budget will pay off over time.

My biggest lesson is that financial discipline is very important because money is never enough and that no matter how much we earn, if we do not have financial discipline to manage it well, it will never be enough. I increased my income after a long time of thinking that increasing it will help me gain balance, but until recently after thinking about my situation, I discovered that your needs increases as you earn. People who are wealthy from working hard are financially disciplined.

The economic lesson I got is that the priority scale is very important because from the priority scale we can see what things we need most, and we don't waste money on things that really don't have much use for us, we can manage good money if we can distinguish between what we want and what we need

This is something that parents look forward to in my culture. As far as television taught me and cultural books taught me, in most of the developed countries and the western hemisphere, parents and children split away at specific ages and they look after themselves, they earn for themselves and live a life which isn't connected anymore except for the festivals, etc.

In my country, things are always about "Joint families". Parents and children live together for generations to come. In that one, every parent strictly follow the hierarchy to give something to the children.

The type of investment they would do or is prominent for many generations:
1. Real estate (includes, agricultural land, empty plots for construction zones)
2. Commercial Shops/offices (Ever growing demand these days in metropolitan cities)
3. Setting up businesses (from small clothing shops to petroleum )
4. Setting up a huge farming business (includes horticulture, milk business, flower Agri, etc)

All of these and not limited to the above are some of the common ways for parents here to do future investments.


It's true. If speaking by the point of saving for longer terms then yes you have to have segregated wallets and if we are talking about the Bitcoin wallets then they will need to have the best security and multiple copies of their private keys and have that extra layer of security.


Right on point! I am doing at least 2-3 side hustles all the time.
I have published my own art, mining rig setup, and some micro-earning sites that I work for. It's definitely worth it.

You are never sure about anything and have to have multiple sources of income. It's no guarantee that all of them will work together, some may give little income, and some may become your support in the bad times. Definitely need to set a line on that front for sure.


Yep, as long as you have goals you at least keep working for it and keep saving from whatever income sources you have. I have always been keen on my savings and expense management. I write down my expenses all the time and at the same time keep it real when it comes to saving money against my goal on monthly basis.

So far, I have learned based from my personal experiences that even if you have a huge amount of income, it won’t guarantee that you’ll also have a significant amount of savings. Regardless of it’s amount, the ability to save is not based on your current income but it’s certainly based on your mindset and perspective. If you cannot manage your expenses whether it’s small or big, you will never achieve financial stability and might even drown to debt once ignored. Moreover, if you’re able to save even with a low amount of income, then most likely you’ll end up saving a lot more when your income turns into big.

Human creates money, but money is becoming more powerful than anything else in the world, and it is controlling the minds of all of us. I'm really worried in the future when the currency loses value more and more, it becomes more difficult to make money, and many people will use all kinds of tricks to make money. Not only fraud, I'm thinking that evils, even murder and robbery will be more and more. Not only in society, the competition for money and property is even more fierce, even with loved ones in the family. It is an alarming situation.

To be conscious how money is being spent and to be able to give accountability of every money that goes out of hand, with this  pattern  their will be a good management of money. When one is not conscious on how money is being spent or to give accountability of Money their will be drastic reduction of money no matter how the amount of money is big.

 Money is like a flame when spending it vanishes so fast that you won't quickly know.  It is very important to give more attention of money management,  this will really help in our daily savings. Good management of money helps people to make good projects no matter how small the money may be,  but in a case whereby no good management of money it will be hard to make good projects plans.

Maybe not spending too much on things you wanted just because I have a lot of money for a moment, or when my salary pays good, that's what I've learned.

Saving is very important, especially when an emergency situation comes. Listing what you're gonna buy before going to a grocery will help you to save your money from buying some random things you'll see in the grocery store. Cooking instead of eating in a restaurant will help you as well to save your money, it's not a must to eat outside. Impulsive buying will just drain your bank account, so it's not really a good thing.

There is no special preparation in making a financial plan in 2023, everything goes according to the previous year, I work with a monthly salary and when there is time I do side jobs such as being a property marketing, and of course I have to leave at least 10% of my monthly salary for old age preparation .

Before you start investing, you need to create a reserve that will be your airbag, the importance of this has already been discussed many times, and you should not worry that this money is they just lie and don't work, it plays an important role as a lifeline, and will help you at any time when it will be required. And only after you create this reserve, which will be available to you 24/7, you can start investing and be sure that you are financially protected.

I already gave my opinion in this thread, but checking it in case someone had quoted me or saw some interesting opinion I just saw what you wrote and another lesson occurred to me: honesty is above making money, which in your case is not fulfilled. I took the opportunity to leave one more negative feedback on your profile, which will not prevent you from continuing to work for scammers, but it was only fair.

This year I had a pretty big problem and needed a lot of money to fix it. Fortunately, I still have that money, and I think that in addition to investing, we also need to have a large enough savings for emergencies. Investing is necessary but not always profitable, so don't focus on it all, always have some savings in the bank.

i have a money lesson that was 'slap' me pretty hard. This is about investing the money i have gotten to prepare for the future. Although i do not yet have kids, but it affect to me that my money runs out only for needs and extravagant desires. I did not manage it to the right portion. I should divide a proportional portion from some part of my money to investment, so that portion my money would grow as passive income.
So sad that money that i got from bounty on about 2017 runs out only for needs and extravagant desires with no portion to any passive investment.

So far this year I have been trying to learn that it is healthy to be able to enjoy some of the money we earn through long hours of work and that compulsive saving can be as harmful as compulsive expending.

That is something that my parents have tried to teach me before, that it is not worth it to spend so many years of one's life working and saving until one is dead, because eventually the money will end up in the hands of someone else to expend it as they please and without going through what one did.

Life is short and if we can afford to enjoy it with reasonable expenses, we should.

A side hustle doesn't always have to yield huge financial returns. We can also pursue side gigs that enhance our physical health and well-being. Indeed, health is not money, but it is far more valuable than any wealth we may acquire. Only by being healthy can we savor the fruits of our labor.

Alternatively, we can pursue side hustles that sharpen and upgrade our skills. For instance, we can hone our painting skills, play music, sing, and much more. If you have an interest in Bitcoin, you can enroll in a course on Bitcoin and investing. Besides good health, we also need to acquire knowledge that complements our primary occupation.

That is cool but I think there is less successful people out there than successful years. Since money have been the definition of measure of how wealthy you are then had been the measure pursuit of everyone which target is to make more money by any means. The love of money is becoming very enormous and competitive making people to do the wrong things just to make money. I have always tell myself to be be patient in very endeavours in life especially when it comes to making money. Making money should be the goal but not by all means especially going into fraud.

Some of the money lessons I've learned so far:

- Start with a small investment first.
- Then patiently plan according to the plan you create.
- Diversify your investments.
- And lastly, don't put all your investment in one asset class (Don't put all your eggs in one basket)

In addition, you should also create a summary of monthly investment targets so that you can understand and review the wrong aspects in the past month.

The points which you get from you experience are appreciable and I have learned that never make quick decisions because impatience can become a cause of one's defeat. There will be numerous coins arises in crypto market but do not choose them without investigation because not all of them are profitable all the time. I think everyone should invest their own money without taking loan because every business is unknown at start that whether you will make profit or not so use your own money may be its little or more but there will be no worries about losing it and return to the owner.

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.

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)

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 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.

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.


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.

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.

It's better than not postponing at all. Even if inflation eats into their savings, they will have funds set aside in case they need money.

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.

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.

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.

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.

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.

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.

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).

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.

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

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.

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.

From personal experience, I have learnt to always save before spending because that's my own easiest way of not spending from what I planned to save. After surviving without a job for 1year, I understood that setting up a business while working is another means of survival because you can stop working but your business will still generate income that can sustain you and your family.

Number one, never take money from someone to invest in cryptocurrencies all in the name of helping them.

Number two, do not take a loan from a bank or loan shark to invest in cryptocurrency.

Number three, do not spend your money lavishly thinking that the next income is on its way, the money you have control over right now is your real money.

Do not rely on one source of income because a single job is like not having a job at all, make sure you have more than one source of income, you will be able to live a comfortable life and still be able to invest your money.

Do not spend money that you think you could use better in the future. I have spent money that I could have invested with, but instead I spent it on silly stuff.

There was a very valid reason and I would probably do it again anyway, the reason was that I got sick, seriously sick, literally had to be in hospital for a few days level of sick, and I was fearing that I may die in a few months, turns out it wasn't that and it was something mild and I went back home and I am doing great, there is absolutely nothing wrong with me, it was just a fear until test results came in, and I am all clear and healthy as a horse. But that made me realize life is short, so I spent some money on some stuff I shouldn't, and could have put it in bitcoin instead. Oh well, lesson well learned at least.

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. 

I have lived in this world for so long and can be said to be very mature at this age. I have also seen how difficult it is to create economic stability for all current and future needs, so that in the end there is nothing left without establishing proper financial management. Apart from that, with increasing responsibility for children and wife, the more burden we carry if we don't have a concept of life. The goal is how to make planning for our finances today and later in the future? Every responsible human being must think of a way to prepare life savings for our children later, so that they have a backbone to start building their life as adults and this is very important for them. At least to make things easier for us, the steps we can take are to try to set aside money for doing business, investing and saving.

I have started doing business in 2019 and you can find out in my previous post and even many of the problems that I initially faced, starting from the pandemic to the condition that I had to turn my mind around to get out of these problems, at first my business did not develop much because I was faced with during a pandemic that forced many people to close their businesses and luckily I was able to get through this problem and finally I found a loophole to continue to be consistent in doing business. In the end, I also built a place for non-formal education as a field of gratitude for the blessings that were given and to this day I still manage and am still a regular donor. Doing any work as long as it is useful and we will get the best in the future, sometimes the prayers of many people will lead us to the stage of glory.

Yeah, it's kinda sad reality these days. On the brighter side, there were more opportunities that opened for people to still somehow have flexible time working and still pull some strings during these fuckery prices of commodities. I partially still offer freelancing service when I have the time, but considering the my 9-5 kinda demands my whole day is but still pays really well is something I could get away somehow.

I kinda disagree that the more income you gained, the bigger chances that you will be confident that no struggles will come. In 9-5 jobs, the higher income you gain, the higher responsibility you might encounter and that might mean that you would encounter high risk tasks. This is why in software dev, I just usually stick to the technical side instead of managerial.

I believe we reside in the same country, the Philippines? If you've been around Taguig City (specifically BGC), even by living alone, it's quite hard to live there considering the luxurious life there. Hotels and condos everywhere. I was planning to relocate there before, but meh.

Nothing beats having an investment set aside for kids; when they are trained to understand what investment is, they will master it and continue the process for future generations, but there are personal dreams that everyone wants to realize and actualize before they die. Don't be shocked if the children you raise have little interest in the financial system; some will prefer a simpler life where they can put food on the table and appreciate nature; it always happen.



I enjoy this with the new Nigerian policy where most payments are now conducted digitally, and it has helped me curb my lavish spending, but adoption is yet immature; there is more work to be done here to encourage its adoption.


Having a single source of income is dangerous and risky because if the means become unavailable, you will have to find another job and bills will be piling up. It is best to always have another side hustle so that when one is unavailable, the other will be paying bills pending until you have another opportunity to slot in another one.

I like all the lists that you provide. but there is one thing that you are missing, namely buying things as needed and that is one of the money lessons that I learn.

many people unknowingly run out of money because they buy unnecessary things, even though the money should be used for other purposes. nowadays having the ability to manage finances is very important especially since inflation continues to make the money we have less and less valuable.

I've covered points 1, 2, 3, and 4. Although I am now more knowledgeable about investment, I also learned from my personal environment. Since I was only taught how to save money and not how to invest it, I recently realized that when we simply keep saving money without investing it, the value of the money actually decreases due to inflation. I also realized that no rich person in the world has amassed enormous wealth without investing, so I now understand the importance of investing rather than simply saving money for the future.

When comparing out each year then i could also say that this year 2023 is really a bit challenging on which not just only talking about by online investment but rather into my physical or real world business  which it did  really have some decline just because clients arent able to paid off and since most of my capital is really coming from a bank loan then it is really that hard to paid up on something just because of those pending payments which it did really put me in on a tough situation but well since i do have other income source aside from my day job then i do at least able to pay up the amortization.
Yes, its really that challenging since expenses nowadays isnt something that small specially if you do have a family.This is why im really that wise when it comes to spendings and would really be focusing
on those important.This is what the learnings on these situations is giving on. Life must goes on and you should really be able to find ways and survive rather than on crying
and whining on a corner. lol

None TBH. I'm only applying what I've learned in the last 2-3 years.

1. Have more than 1 source of income.
- Like OP said, nothing is promised. The more income source, the better.

Nowadays, in a family of 3-4 people, having only one source of income especially when you're living in an urban area isn't enough. Maybe it is enough if you're living in a rural area as prices of things there are cheaper, but having one income source on a family isn't enough at least for me. That income source will just go into the needs of the family. Where is the savings? Where is the emergency funds? That's why having multiple income source would be better than having only 1.

2. Invest at least 25% of my monthly income into different types of assets for diversification.
- This depends on the person, but this is what I'm doing. I'm putting 25% of my total monthly income into investment whether it will be stocks, or crypto, or even bonds. I learned this many years already, and that's why I had enough savings already to keep myself safe for at least a year maybe if things go south. Overall, always allot a percentage of your monthly income into whether emergency funds, or investing etc. Don't use it all for expenses.

3. Budget everything.
- Trust me. In a family, somebody must know how to budget your money.

I'm just lucky that my current partner knows how to budget our monthly incomes that's why we are not spending too much on the things that are considered useless to us. We're more focused on the things that we need such as food, investments, etc. etc. Budgeting is an essential thing when it comes to money. Without it, you will be spending on things that you don't need. Budgeting really is helpful especially if you want to buy something in the future, or build something.

I guess there are more money lessons that I've learned, but this is what came to my mind when I was thinking of the things that I've learned that is related to money. It's good that there are some users here who learned something that's related to money.

2023 has been a challenging year so far interms of finance as inflation is increasing rapidly and prices if food commodities are getting out of reach of common man , so now use your money very cautiously and try to look for more than one jobs because one job is not sufficient now for a smooth living.
And yes if you want to do something for your children invest your money in some profitable venture for their future .

Yes everyone should think about their kids in advance because if the base of a person is strong he Don't not face any difficulty in life so always save some amount not matter in which form it is.

In our country most of the people are saving money in the form of buying land so whenever their children reach to the stage of doing something or initiate some business then he can use this land to sell it and then initiate some business with that money. People sometimes do not have any thoughts about their kids so whenever they grew up they face lots of problem due to weak backgrounds about money.

The more the better, as long as you can manage it. This is really what we should do right now because we know that the price keeps increasing, and no matter how much we save, it is getting difficult because we are caught short on our salary. That is why, in this year, we realized that if we have another source of income, we can save more as well as buy things that we need. I am really thankful this year because I did find another source of income, which I hope will last for a few years.

If you wanted to hodl a big amount of money with you then let it be in your personal decentralized wallet, this will make it more secured and be less under the risk of an attack by any chance through hack or institutions authorization for seizure to your money as the challenges that comes with KYC and AML in using centralized exchanges, this also serve us a good advantage from using fiat cash whereby we move around with bulkiness of cash fiat and got physical attack, but the world now is in the digital era of cryptocurrency with bitcoin as a decentralized currency using blockchain technology.

If you have money, don't think about on how are you going to spend it. It'll make you spend on things that are unnecessary. Even for others, when they know that they'll be receiving some money, they'd be planning already on how and what to spend on it.

If there are other ways/alternatives that'll allow you to save a bit, then go for it Those small amounts can be big when you combined it.

Do not spend like you're an heir or an owner of a big company lol. Kidding aside, it takes a lot of control when it comes to saving but if you really want to save, you have to sacrifice.

I've learned that if you want to save money, you need to put something away from your income. If you face any financial problem in the future, you can solve that problem from the money you have saved. It is good for you to save a small amount of money from the amount you earn as this valuable money will help you at certain times. If you keep your financial funds in this way, you will have the confidence that you have the money if you face any danger in the future. If you keep saving like this, you will be financially stable and able to cope with any situation.

Since people largely focus on savings money and earning more money, I want to focus on another lesson: money is meant to be spent. Money itself is worthless: it's not food, medicine, shelter, a positive experience or anything of aesthetic value. Its value is that it's a medium of exchange, something that can be used to get the real things that are worth something because they make your life better or are even necessary for your life. So while having a budget, thinking about financial security and making savings are all important, the lesson I find useful is that you should spend money when spending it can make something better in your life or in the lives of others. Our time on this planet is limited, so I think we should try to enjoy it and help others to enjoy it as well.

2023 is a challenging year, the prediction of an economist that the world will experience a long recession now begins to be felt, many people have difficulty making money and many reports that companies or factories are bankrupt for many reasons, this certainly gives us important lessons that we must always Know with the latest information and of course following tips from experts so that they can escape economic recession.

Well, my lessons learnt is simple :

Do not invest in shitcoins - There are a lot of shitcoins out there and people are dumping money into tokens that has no real utility, so it has no future.

Do not buy when the price is high - I got into a habit to buy when I got my salary.. and it was the wrong thing to do. You should shift those funds to a separate account and wait for the price to drop. Then you buy with all the money that you saved... so wait for the bargain price. 

I learned that investing in yourself, whether through education or personal development, can be one of the most rewarding investments you can make for future financial success. To me money is a tool, not an end in itself and another important money lesson I've learned is the power of compound interest. By investing your money wisely and agreeing to grow over time we can harness the power of compounding to accelerate our financial development so prioritize your values and use money to support one's goals and desires in fulfilling my needs.

In my limited experience with money management, I have accumulated a lot of knowledge from this forum and others. My biggest financial lessons thus far are as follows:
1. Always have a budget: In everything you do, always have a plan for what to spend on. You can always keep track of what you want to spend on and minimize it. I track what I spend money on by making a list of the things I need. This helps me manage the limited resources I have while also causing me to have extra savings. According to Lord Robbins' economics study, the desires of man for goods and services are vast and cannot be completely satisfied, therefore no matter how much money you spend, you will never stop spending or be satisfied.
2. Do not spend more than you earn: My favorite guideline and one that has kept me going for a while. One must not spend more than they make; your income influences your spending decisions. How much money do I have for this should be your first consideration. If the item you wish to purchase does not fit within your budget, you should give it up. When this rule is ignored or not followed, it results in debt, which is never a choice.

I do not completely agree with you in your point of view.  Because, by the same logic, there are many sectors that thrived in periods of crisis such as the Corona virus.  The job that stresses its necessity even in parallel with the investment could be a job in one of those investments for an investor who was able to benefit from the crisis.  Investing in the pharmaceutical sector, for example, or food chains, is considered one of the safest investments, since it meets basic human needs.

Having a job is very neccesary even when you have a business because you can't just rely all expenses coming from the earnings you get from the business. With the current economic situation, any business can go bankcrupt when crisis are not making people avail services.

One reality that I have learned in Covid is that even family/relatives will treat you bad when you don't have money.

As long it doesnt land on your hands then dont assume out that its completely yours. Just like on thinking up ahead with your day job salary on which you've been already spending or have those partitions already without even getting those in hand.You  wouldn't know if you would be suddenly been laid off or would really be having accident or simply you been get kicked or fired. This is why living according into your
needs and not into your wants. You should really be wise on your spending so that you wouldnt really be ending up on getting some debt just because you have been overdropped just because
your spending is too much comparing on what you do earn. Financial learnings do always come on these actual situations and experiences on which you would be applying it out.
We are the ones who do mold up our own destiny or future on which it would really be just that right that you should really be that sensible towards your actions.
Important thing is that we shouldnt really let ourselves fall into the pit of loan or simply with debts just because of mishandling up your money.

This is one of the important lesson we need to keep to ourselves our else we might go back to the slum where we came from if we might have passed through that level before. Having a side hustle or other things that give us money is something that many persons do not take very seriously that is why they will always go broke and to beg for money because there is no sure way.

 Even though we are doing a work that pays our well, we still need to invest or create a business that will be giving us money so we are not going to relent on just one source of income. We need to utilize opportunities so that we can earn from different atmospheres for a better condition.

These are all significant OP, but let me add on it. Don’t assume and own the money unless you see it in your own two eyes. Sometimes, we already try to pre-owned the money that is still coming without having an assurance if it will really happen or not. So we start to include it in our budget and assume that it will certainly add to our funds. Until someone broke its promise and fail to secure the funds, leaving us ruining our budget and even put us into financial pressures especially if we already have spend that assumed amount even if it has not reached into our hands.

Some of the most crucial lesson I've come yo realise over time as concerns money is that,

1. Money plummets where you invest it.
This goes for every currency there is, even cryptocurrencies like bitcoin, although bitcoin comes with some twist and that's thanks to volatility but, money invested births more money. People have the idea of saving money in the banks of which, these banks reinvet your money to get interest in them because they understand the idea behind investment and money. Bitcoin comes with fhe twist as it is in itself an investment which makes hodling profitable but not so much with fiat.

2. Fiat currency in particular is a product of the government.
These are government authorised and so its validity is dependent on what the government decides, its values yoo and they can manipulate it as they please, bringing about inflation or otherwise. Hence, you can create or avoid certain situations depending on how you choose to manage money.

I have had a lot of experience on money for many reasons but I would want to say these little experiences so far. As miniut as they are, they are not worth the experience.

Do not put your money at the back of your pocket together with your handkerchief. As it is, it might sound funny but the experience is not worth it when it happens that the Money is the only available funds on you and you are on a far distance journey. Never make that mistake if not you will regret it.

Secondly when joining a public vehicle do not display cash from your pocket or your wallet as you have no idea who the rest of the other passengers are. Just bring or sort out your transport fare alone so it could be easy for you to access while making your cash payment. Many experience I have had as a result of all these little activities were not Worth it so be
extremely careful.

You probably need to add these two

1. Don't keep your money in the bank for long : You know many people are still falling for the historical banking ideology of keeping money there to build some interest on it but know evidence have shown that banks rather deduct from customer account in the guise of service charge. The earlier view of fixing your money in the bank is now becoming a fallacy as the interest on it would be very small that you would be better circulating your money in a legit business.

2. Human capital development : Some times we undermine the power of helping the needing. Such sacrifices and favour done to other people are returned multiple times to us even when we don't know how it operate to save us from harm or danger.

What I’ve learned so far is that, Paying DEBT should be your priority first because interest are high and this can prevent you to invest more money if you still have your debt.

Also always have a budget and do financial planning, investing alone might not be good you still need to have a plan and this will serve as a guide to you on when and where you are heading.

Depreciation of fiat is more hurts than bitcoin drop, saved fiat currency true value is decreasing with time if you hold FDs, on local banks the interest rate even more higher than inflation rate though your porfit is less than you think.

I have already gone through points 1,2,3 and 4. I also learned from my personal environment, but I am now deeper into what is called investment. lately I realized that we just keep saving continuously without investing our money, but the value of the money actually decreases because there is inflation and I also know that there is not a single rich person in this world who has enormous wealth without investing and I now I realize that investing is important for the future rather than just saving money because I used to only be taught what is called saving, not investing.
are you guys the same?

I am still young, though, and the few money lessons I have learned are that:

• No one can ever give you all the money you want in your life. Always learn to face your hustle and make your own money.
  
  
• One should not invest all their money in one place (carrying all their eggs in one basket).
  
  
  • One should always not only rely on one source of income but also think of possible ways to expand their financial lifestyle.
    
    
  • Invest only in friends that can give you future value. I wish to talk about this because some people are fond of lavishing money on friends who are just in a parasitic relationship with them instead of investing in friends or relatives who can also be of help to them in the future.

One cannot rely on a single job these days, you need to venture into another side jobs where your skills can still be useful and may bring additional income for you. The more income you gained, the bigger chances that you become financially stable, and the higher chances that you will be able to save. Saving could be a lot of help so you can prepare in any circumstances that may come in your life unexpectedly. If you have emergency funds, you will always be confident that you won’t struggle in your finances once unplanned expenses or financial emergencies arise.

5. Dont spend on something which you dont really need

6. Be wise on when to say no specially on some gatherings which would be giving out some huge spendings.

7. Save! Save! Save

8. Health is Wealth


You should really know on how to balance things up.We arent just living on earning money but also to enjoy it without having the worries about financial problem and the
most important is that you arent risking up your health just because you do make yourself work hard without giving out importance to health which it would really be
making or creating some issues soon if you do keep on doing that.

Be wary and be wise when it comes to your decisions and always mind off on what would be for the best.You cant really be able to tell on when things to flourish on.

This is one thing I am not taking for granted, there are many ways to earn from once comfort this days. Designing, writing codes and other tech related stuffs. Even the government works that we’re presumed to be safe sometimes have delay in paying once wages/salary sometimes and without another income coming in it is hard to cope.

If you are not into tech you can also venture into other fields like Agricultural. Agricultural holdings although very risky is another source of business that would bring extra income.


I have learned it is not until one faces emergencies that they start saving up for them. Always set aside a certain amount from your income just cover up your emergency expenses once they arises. Even though some can’t cover most crises they would save the hassle of having to look for it up from scratch.
Don’t starting Saving up for family till you get married start off early so that before they come you would saved up significant amount.

Most things I learnt recently, from other peoples mistakes and some from mine is that you shouldn't try to impress others and displease your self. You might think that you don't belong to their group just because you don't have the kind of money they have. just have a little patience everything works out with time don't be in a hurry.
Secondly the idea of borrowing money to make investments that you are not sure would bring out good outcomes should be remove from your head. Don't invest unless your are 50-70% sure it would bring out positive results
Lastly, if you feel like what you are getting into is wrong and it won't be good for your mental health, like you can't handle it just stop it why you still can. Don't let anyone advice you into starting something you can't finish. And making money shouldn't involve any illegal means this must be your no one rule. The moment you break that rule, you might end up Lossing everything.

* If the money is not under your own (and only your) control, it may very well never be yours.
* Anybody can write nice numbers onto a website. That doesn't necessarily mean they will ever give you any money related to those numbers.
* Handling money, doing business... this kind of things have to be done while one is cool. Rushing it, FOMO-ing, can easily end badly (mistakes, lack of double-checking egerything, money loss).

Some of the crucial money lessons I learned in the past few months both from personal experience and from watching other people
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?

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?

3 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.

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?