Best way to manage money? - page 9. | Bitcointalksearch.org

clickerz

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Yes lifestyle is the main factor that a person working and get paid with high salary are not capable of managing their money and saving some of it because of their so called 'socialite life'. Meaning living in high pace of life where you don't care to spend your money for nonsense things. Because if you are just living normal then you know how to spend your money properly.

Yes that is true. Lifestyle should be evaluated also, since it will affect how yu manage your money. If you want to save, it is better to modify your lifestyle and cut some unnecessary expenses that will affect your budget.Managing money is difficult if you are living beyond your means.

boyptc

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Quote from: Positid on November 21, 2016, 03:08:06 AM

Quote from: bamboylee on November 21, 2016, 02:19:11 AM

Quote from: MingLee on November 18, 2016, 08:55:52 PM

That's where the money comes from; risk of investments. If you take no risk and put your money up with 100% confidence that you're going to get it back, then expect to make little to no money off of it. If you are able to find something that gives you a return for essentially no risk, then it is more often than not too good to be true.

Risk is a huge factor of investments. While you can be burned by them, you can make enough doing whatever.

Blind risk is not profitable either. The only risk you should take is when it is calculated risk, in which losing is very little. You do not have to be a risk taker if you can avoid it.

Tue, although bitcion is full of risk but we are here to invest because we believe that the price will increase in the future. If our aim is only to save we will still lose due to inflation, I believe people here knows how to manage their money since they are earning here because of bitcoin and they diversify their investment in other type.

And saving bitcoin is more helpful than saving money or cash alone into our bank accounts or piggy banks. That's why bitcoin also helps to manage our money properly by investing into it. And once we already invested our money in bitcoins, we don't have to do some efforts but we can just simply hold it until we will see the price increases.

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Quote from: bamboylee on November 21, 2016, 02:19:11 AM

Quote from: MingLee on November 18, 2016, 08:55:52 PM

That's where the money comes from; risk of investments. If you take no risk and put your money up with 100% confidence that you're going to get it back, then expect to make little to no money off of it. If you are able to find something that gives you a return for essentially no risk, then it is more often than not too good to be true.

Risk is a huge factor of investments. While you can be burned by them, you can make enough doing whatever.

Blind risk is not profitable either. The only risk you should take is when it is calculated risk, in which losing is very little. You do not have to be a risk taker if you can avoid it.

Tue, although bitcion is full of risk but we are here to invest because we believe that the price will increase in the future. If our aim is only to save we will still lose due to inflation, I believe people here knows how to manage their money since they are earning here because of bitcoin and they diversify their investment in other type.

richmcrich

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Quote from: bamboylee on November 21, 2016, 02:19:11 AM

Quote from: MingLee on November 18, 2016, 08:55:52 PM

That's where the money comes from; risk of investments. If you take no risk and put your money up with 100% confidence that you're going to get it back, then expect to make little to no money off of it. If you are able to find something that gives you a return for essentially no risk, then it is more often than not too good to be true.

Risk is a huge factor of investments. While you can be burned by them, you can make enough doing whatever.

Blind risk is not profitable either. The only risk you should take is when it is calculated risk, in which losing is very little. You do not have to be a risk taker if you can avoid it.

But to manage our wealth effectively we must take some risk, without taking risk we cannot make our wealth to grow.

As you have mentioned, calculated-risk must be the right approach in order to have minimum losses. The better practice must be even we face some losses in one attempt, we must have to earn more than the previous loss but still within calculated risk. That's all.

icecube45

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Quote from: Doms on November 20, 2016, 09:14:22 PM

Quote from: CloudStrife on November 20, 2016, 08:04:16 PM

Quote from: KennyR on November 15, 2016, 10:47:42 AM

Best way to manage money is possible through different method's. Even there are service providers who have been doing the process of managing for pay by generating check list.

Financial management can begin in a simple way, selecting what is really important for everyday life, and avoid wasting money on other things that may not be so important.
It may also be made by exchanging some items, more expensive, for cheaper things, available in the market, but that requires research by the consumer.

That is called living below your means. One of the reasons why people can't properly manage their money even if their salaries are increasing is because of lifestyle creep. We tend to adjust our lifestyles when we receive a higher pay, sometimes resulting in an even bigger spending. I am not saying that it is bad to adjust, but we should do it according to what we can afford.

Yes lifestyle is the main factor that a person working and get paid with high salary are not capable of managing their money and saving some of it because of their so called 'socialite life'. Meaning living in high pace of life where you don't care to spend your money for nonsense things. Because if you are just living normal then you know how to spend your money properly.

Yes you are right, lifestyle will affect the person can manage his money or not. Not all those who have high incomes can manage their money, and not everyone who has a sufficient income can not manage his money, it is because the lifestyle affect him. Life-saving and can be split into three terms of income (savings, needs, investment) the best way to manage money. We must stop spending money on something that is not necessary in order to save expenses.

manbitcoinlover

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Don't waste your money and try to be as stingy as you can when looking to buy things while shopping. If you have a steady income it is about not making stupid spending decisions and searching for the best deals. For some, that lifestyle is boring, people are bored so they love to spend money on stuff they don't need. So be it, some people can spend money on anything without worrying about going broke, some can't. Me personally, I don't care, HEALTH IS TRUE WEALTH

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Quote from: MingLee on November 18, 2016, 08:55:52 PM

That's where the money comes from; risk of investments. If you take no risk and put your money up with 100% confidence that you're going to get it back, then expect to make little to no money off of it. If you are able to find something that gives you a return for essentially no risk, then it is more often than not too good to be true.

Risk is a huge factor of investments. While you can be burned by them, you can make enough doing whatever.

Blind risk is not profitable either. The only risk you should take is when it is calculated risk, in which losing is very little. You do not have to be a risk taker if you can avoid it.

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Quote from: Doms on November 20, 2016, 09:14:22 PM

That is called living below your means. One of the reasons why people can't properly manage their money even if their salaries are increasing is because of lifestyle creep. We tend to adjust our lifestyles when we receive a higher pay, sometimes resulting in an even bigger spending. I am not saying that it is bad to adjust, but we should do it according to what we can afford.

It requires a lot of discipline but it'st he best way to manage your money as you will be able to save for sure.

Quote from: ?? on ??

Yes lifestyle is the main factor that a person working and get paid with high salary are not capable of managing their money and saving some of it because of their so called 'socialite life'. Meaning living in high pace of life where you don't care to spend your money for nonsense things. Because if you are just living normal then you know how to spend your money properly.

Just fit your lifestyle with your earnings, we can't tolerate our behavior of wanting something we cannot afford.

Doms

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Quote from: CloudStrife on November 20, 2016, 08:04:16 PM

Quote from: KennyR on November 15, 2016, 10:47:42 AM

Best way to manage money is possible through different method's. Even there are service providers who have been doing the process of managing for pay by generating check list.

Financial management can begin in a simple way, selecting what is really important for everyday life, and avoid wasting money on other things that may not be so important.
It may also be made by exchanging some items, more expensive, for cheaper things, available in the market, but that requires research by the consumer.

That is called living below your means. One of the reasons why people can't properly manage their money even if their salaries are increasing is because of lifestyle creep. We tend to adjust our lifestyles when we receive a higher pay, sometimes resulting in an even bigger spending. I am not saying that it is bad to adjust, but we should do it according to what we can afford.

CloudStrife

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Quote from: KennyR on November 15, 2016, 10:47:42 AM

Best way to manage money is possible through different method's. Even there are service providers who have been doing the process of managing for pay by generating check list.

Financial management can begin in a simple way, selecting what is really important for everyday life, and avoid wasting money on other things that may not be so important.
It may also be made by exchanging some items, more expensive, for cheaper things, available in the market, but that requires research by the consumer.

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Quote from: daniahya on November 18, 2016, 08:45:51 PM

Quote from: South Park on November 18, 2016, 07:39:20 PM

Quote from: bamboylee on November 18, 2016, 09:50:28 AM

Quote from: South Park on November 17, 2016, 12:13:38 PM

Quote from: Catlonid on November 16, 2016, 06:15:35 AM

Best way to manage money?

way to manage money if I have much money, I would invest half of my money. besides that, I will save my money on the bank. And if I have much bitcoin I will use bitcoin to trading although trading has a risk, but same I am not spending all bitcoin but only half of all bitcoin, because we must have speculation.

That sounds reasonable but the ratio of saving and investing will depend on your economic situation for the ones who are rich they could invest 95% of their money and have the rest for emergencies and for the ones that are poor then having a greater amount of savings than money invested makes the most sense.

Even if you are rich, you do not invest 95% of your money. There is a limit of the amount you invest / risk. Rich or poor, it is still best practice to have different savings account. Then, invest only a part of your savings. Invest only the amount you can afford to lose.

That was just an example, since most people are not going to be that rich in the first place but the advice still applies if you have lots of money is better to have most of you money invested so you can produce even greater profits.

but must also caution in selecting the right invested because if we are not precise in choosing instead of profit that we can but harm also

Of course caution must always be exercised, but we also must be able to take some calculated risks since that is the only way we can produce any kind of profit at all, even some of the safest investments in the bitcoin world, like buying bitcoin and hold is subject to risk.

goldcoinminer

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Quote from: MingLee on November 18, 2016, 08:55:52 PM

Quote from: daniahya on November 18, 2016, 08:45:51 PM

Quote from: South Park on November 18, 2016, 07:39:20 PM

Quote from: bamboylee on November 18, 2016, 09:50:28 AM

Quote from: South Park on November 17, 2016, 12:13:38 PM

Quote from: Catlonid on November 16, 2016, 06:15:35 AM

Best way to manage money?

way to manage money if I have much money, I would invest half of my money. besides that, I will save my money on the bank. And if I have much bitcoin I will use bitcoin to trading although trading has a risk, but same I am not spending all bitcoin but only half of all bitcoin, because we must have speculation.

That sounds reasonable but the ratio of saving and investing will depend on your economic situation for the ones who are rich they could invest 95% of their money and have the rest for emergencies and for the ones that are poor then having a greater amount of savings than money invested makes the most sense.

Even if you are rich, you do not invest 95% of your money. There is a limit of the amount you invest / risk. Rich or poor, it is still best practice to have different savings account. Then, invest only a part of your savings. Invest only the amount you can afford to lose.

That was just an example, since most people are not going to be that rich in the first place but the advice still applies if you have lots of money is better to have most of you money invested so you can produce even greater profits.

but must also caution in selecting the right invested because if we are not precise in choosing instead of profit that we can but harm also

That's where the money comes from; risk of investments. If you take no risk and put your money up with 100% confidence that you're going to get it back, then expect to make little to no money off of it. If you are able to find something that gives you a return for essentially no risk, then it is more often than not too good to be true.

Risk is a huge factor of investments. While you can be burned by them, you can make enough doing whatever.

Even saving our money in the bank is subject to the risk of inflation so most probably all in this word has a risk. We dream to have a wonderful life in the future therefore it's just fair to risk in investment we feel we have the chance to profit, and there's no looking for other type as bitcoin alone can give us fortune.

MingLee

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Quote from: daniahya on November 18, 2016, 08:45:51 PM

Quote from: South Park on November 18, 2016, 07:39:20 PM

Quote from: bamboylee on November 18, 2016, 09:50:28 AM

Quote from: South Park on November 17, 2016, 12:13:38 PM

Quote from: Catlonid on November 16, 2016, 06:15:35 AM

Best way to manage money?

way to manage money if I have much money, I would invest half of my money. besides that, I will save my money on the bank. And if I have much bitcoin I will use bitcoin to trading although trading has a risk, but same I am not spending all bitcoin but only half of all bitcoin, because we must have speculation.

That sounds reasonable but the ratio of saving and investing will depend on your economic situation for the ones who are rich they could invest 95% of their money and have the rest for emergencies and for the ones that are poor then having a greater amount of savings than money invested makes the most sense.

Even if you are rich, you do not invest 95% of your money. There is a limit of the amount you invest / risk. Rich or poor, it is still best practice to have different savings account. Then, invest only a part of your savings. Invest only the amount you can afford to lose.

That was just an example, since most people are not going to be that rich in the first place but the advice still applies if you have lots of money is better to have most of you money invested so you can produce even greater profits.

but must also caution in selecting the right invested because if we are not precise in choosing instead of profit that we can but harm also

That's where the money comes from; risk of investments. If you take no risk and put your money up with 100% confidence that you're going to get it back, then expect to make little to no money off of it. If you are able to find something that gives you a return for essentially no risk, then it is more often than not too good to be true.

Risk is a huge factor of investments. While you can be burned by them, you can make enough doing whatever.

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Quote from: South Park on November 18, 2016, 07:39:20 PM

Quote from: bamboylee on November 18, 2016, 09:50:28 AM

Quote from: South Park on November 17, 2016, 12:13:38 PM

Quote from: Catlonid on November 16, 2016, 06:15:35 AM

Best way to manage money?

way to manage money if I have much money, I would invest half of my money. besides that, I will save my money on the bank. And if I have much bitcoin I will use bitcoin to trading although trading has a risk, but same I am not spending all bitcoin but only half of all bitcoin, because we must have speculation.

That sounds reasonable but the ratio of saving and investing will depend on your economic situation for the ones who are rich they could invest 95% of their money and have the rest for emergencies and for the ones that are poor then having a greater amount of savings than money invested makes the most sense.

Even if you are rich, you do not invest 95% of your money. There is a limit of the amount you invest / risk. Rich or poor, it is still best practice to have different savings account. Then, invest only a part of your savings. Invest only the amount you can afford to lose.

That was just an example, since most people are not going to be that rich in the first place but the advice still applies if you have lots of money is better to have most of you money invested so you can produce even greater profits.

but must also caution in selecting the right invested because if we are not precise in choosing instead of profit that we can but harm also

South Park

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I am terrible at Fantasy Football!!!

Quote from: bamboylee on November 18, 2016, 09:50:28 AM

Quote from: South Park on November 17, 2016, 12:13:38 PM

Quote from: Catlonid on November 16, 2016, 06:15:35 AM

Best way to manage money?

way to manage money if I have much money, I would invest half of my money. besides that, I will save my money on the bank. And if I have much bitcoin I will use bitcoin to trading although trading has a risk, but same I am not spending all bitcoin but only half of all bitcoin, because we must have speculation.

That sounds reasonable but the ratio of saving and investing will depend on your economic situation for the ones who are rich they could invest 95% of their money and have the rest for emergencies and for the ones that are poor then having a greater amount of savings than money invested makes the most sense.

Even if you are rich, you do not invest 95% of your money. There is a limit of the amount you invest / risk. Rich or poor, it is still best practice to have different savings account. Then, invest only a part of your savings. Invest only the amount you can afford to lose.

That was just an example, since most people are not going to be that rich in the first place but the advice still applies if you have lots of money is better to have most of you money invested so you can produce even greater profits.

knyolku123

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Quote from: bamboylee on November 18, 2016, 09:50:28 AM

Quote from: South Park on November 17, 2016, 12:13:38 PM

Quote from: Catlonid on November 16, 2016, 06:15:35 AM

Best way to manage money?

way to manage money if I have much money, I would invest half of my money. besides that, I will save my money on the bank. And if I have much bitcoin I will use bitcoin to trading although trading has a risk, but same I am not spending all bitcoin but only half of all bitcoin, because we must have speculation.

That sounds reasonable but the ratio of saving and investing will depend on your economic situation for the ones who are rich they could invest 95% of their money and have the rest for emergencies and for the ones that are poor then having a greater amount of savings than money invested makes the most sense.

Even if you are rich, you do not invest 95% of your money. There is a limit of the amount you invest / risk. Rich or poor, it is still best practice to have different savings account. Then, invest only a part of your savings. Invest only the amount you can afford to lose.

I think that right, invest is much risk, so the ratio of spent of bitcoin is not too much. we can invest 40-60% ratio to invest money. we also need money to daily life, so it is why you don't spend 95% money to invest money it is answer.

J Gambler

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Quote from: d@nte on September 11, 2016, 01:45:36 PM

Always save a part of your income, even if it is a small percentage. Pay all your bills, so you don't have to worry about that.Then split your money and see how much you can spend per week and do not go over that..

Saving is part of our daily income it just depends in you are going to save or not because we all have own techniques and have difference beliefe in life when we are in talking about money. And Money is just a thing that will disappear when we are going to spend that best way is to open a bank account.

bamboylee

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Quote from: South Park on November 17, 2016, 12:13:38 PM

Quote from: Catlonid on November 16, 2016, 06:15:35 AM

Best way to manage money?

way to manage money if I have much money, I would invest half of my money. besides that, I will save my money on the bank. And if I have much bitcoin I will use bitcoin to trading although trading has a risk, but same I am not spending all bitcoin but only half of all bitcoin, because we must have speculation.

That sounds reasonable but the ratio of saving and investing will depend on your economic situation for the ones who are rich they could invest 95% of their money and have the rest for emergencies and for the ones that are poor then having a greater amount of savings than money invested makes the most sense.

Even if you are rich, you do not invest 95% of your money. There is a limit of the amount you invest / risk. Rich or poor, it is still best practice to have different savings account. Then, invest only a part of your savings. Invest only the amount you can afford to lose.

Yutikas_11920

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Quote from: audaciousbeing on November 18, 2016, 07:32:59 AM

Managing money is actually a difficult thing to do because one cannot even have enough and especially if one is earning far below what is needed for basic need. Everything that everyone have been suggesting on how to manage money are mostly handed down by those who are rich already telling you to save so the little you have so they can borrow it and use it to expand their own businesses. To me the best way to manage money is to earn it in a legitimate way, and spend on things that will make you happy. Simple as that

Yeah, something we think hard will certainly give something difficult. There are indeed some people who are very difficult to arrange for the money, but I think and it's been proven to me is because they are lacking in making a plan against the money they have and could not control his activities are not things that are useless and only make money in vain.

audaciousbeing

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Managing money is actually a difficult thing to do because one cannot even have enough and especially if one is earning far below what is needed for basic need. Everything that everyone have been suggesting on how to manage money are mostly handed down by those who are rich already telling you to save so the little you have so they can borrow it and use it to expand their own businesses. To me the best way to manage money is to earn it in a legitimate way, and spend on things that will make you happy. Simple as that

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