I think the best way to manage money is to allot only a limited amount of money for foods, transportation, clothing, etc. every month and try your best to save more money. Plenty of people are having problems regarding their debts. As much as you can, avoid having a debt. You'll lost a lot of money because of the interest and it will grow and grow until your salary isn't enough to pay them anymore.
not simple as that, daily necessities can't be avoided that the only way to be able to save money is how you can earn more than your expenses so it would be easy to store excess rather than having to reduce costs of life.Manage funds properly still finding out ways to generate more funds for better life.
As just as expected on investments we cant always experience positive outcomes since there are really times that we suffer from negative and we cant really avoid that and as you said if we could handle that situation and make it positive then you are capable enough on a certain investment ,
Agree! Win or Lose accept it! You invest that amount of money then you should think that it will not come back again! haha Dont think about the profit after that! Really very risky to invest but if you are into it then you should understand that you will lose some of it and accept it and learn something through it
As an investor we should be already aware on the possible results or outcomes on our investments because if you are just expecting on positive outcome then for sure you would be stressed out when you are experiencing loss and with that it would somehow affect on your mindset and decision in to your investment you might not able to concentrate already and possibly make such wrong decisions.
you should always consider everything there is before you make an investment. a successful investor is someone who can predict all the future possible outcomes before they happen and then they make plans ahead of time for each of the possibilites to handle things in a better way.
