Do you spend more-do you get more? - page 14.

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Quote from: koleusdat on May 15, 2023, 11:30:52 AM

There is an opinion that the more money you spend, the more you get in return

Though there's no right or wrong opinion. However, that opinion isn't really right if you'll ask me. What's right is this, the more you invest, the more you get in return.

Quote from: koleusdat on May 15, 2023, 11:30:52 AM

it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?

You've said it that you're not born with silver spoon and you've just got enough money to live. You have to save and that savings of yours is the one that you'll use for investing. Look at the rich people, they have one in common and most of them are spending wisely their money through investing, stocks, gold, bonds and even in bitcoin and crypto. And if your salary isn't enough, look for a 2nd or 3rd job if you still can and from there you'll learn how to be wiser with your money because you've worked hard for it.

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Quote from: koleusdat on May 15, 2023, 11:30:52 AM

There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?

Well technically you need to invest big to make money but everyone has to start somewhere and using that as an excuse (that i can't invest enough, that's why i am not rich) is a poor excuse. You build from what you got, and by saving money you can mean several things. It can mean that you cut spendings, or that you store it in your bank or buy stocks, gold and bonds with the money you are saving. You just need to make sure that you save only as much as you can afford. It doesn't make sense not buying decent shoes or not investing in your health in order to save money. You still need to eat healthy and try to live fulfilling life. Otherwise your savings might not be enough to dig you from the hole you have put yourself into.

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The more the capital big the more the profit comes spending is directly related to the flow of money which increases demand in the market. And it's depends on the income statistics the business owner used. you said, you spend enough money, but I have a fixed income right? Now to get anything from anyone else or your monthly, or weekly, daily income. In cases like this, you can minimize the amount you spend an unnecessary things that you think will not add anything to you or are not that important to you. And next thing is your plan you draw for your investment or business, income. And spend wisely

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Quote from: koleusdat on May 15, 2023, 11:30:52 AM

There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?

I consider this a proverb or wise saying from the old, however it is actually a bit different.

It is possible in the case of Bitcoin investment because if you spend a lot of money to invest in Bitcoin now, you will get enough reward when the price rises; similarly, if you spend a lot of money in your physical business to provide all of the necessary requirements for your business, you will get a high return on your investment.

However, if you spend more money on needless or luxury items that cannot be sold, you will receive nothing in return.

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OP the world does not work like that, the more you spend the less your bank account becomes especially when you Are spending it on depreciating goods like cars, unnecessarily experience items that doesn't generate any income then be certain that you won't be getting anything back from doing that in return. Spending carelessly is a highway to financial wreck.

You can spend your earnings on things you actually like but don't me silly about it also you can make it a habit to buy things and properties that actually have appreciating value and example is land, houses, this types of luxury can still be very profitable even in the future.

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Quote from: koleusdat on May 15, 2023, 11:30:52 AM

There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?

It's not like that. Whoever said that, means that you need to have more income too. It won't just comeback to you nothing even if you spend that much because money won't be back to you if you do nothing.

Yes, you don't understand the essence of it correctly. Don't be gullible with such statement and it's plausible that whoever made that quote just want people to spend carelessly.

Live only based on your capacity and since you've got a fixed income, live within it and don't spend a lot thus increase your source of income.

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Quote from: koleusdat on May 15, 2023, 11:30:52 AM

There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction.

This assumption that you get more when you spend more is based on superstition and religious beliefs. The preacher will tell you that when you give more you receive more rewards from the Creator or nature. This assumption is valid in the religious palace which is why most religious people give to the church and charity. But in the economic or business world, your ability to cut costs and save profit is the pathway to growth and prosperity. If you spend above your profit or income you will end up consuming your capital or end up in debt.

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I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?

As much as you are not depriving yourself of basic needs, I encourage you to keep saving. Don't keep your savings in fiat because of inflation and the devaluation of some local currencies. Ensure you have targets or a saving plan. Immediately it gets to a certain amount use the funds to invest in a like bitcoin. It might be challenging now but you will benefit in the future.

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Quote from: koleusdat on May 15, 2023, 11:30:52 AM

There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?

If you spend more, money gets circulated in the economy. But it doesn't have any relation with getting more money. Spending is directly related to the flow of money which increases demand in the market. Usually it is seen as a positive but such overspending by the mass leads to inflation. So there's a negative point as well.

Everyone wants to become rich. That is possible through more than one streams of income. I often say to my colleagues that if you are less than 40 and only reliant on your salary income, then you are not using your time wisely.

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Quote from: koleusdat on May 15, 2023, 11:30:52 AM

There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction.

The only place I think this can work is in the principle of sowing/giving. It's a biblical principle. Even in this principle, where one gives or sows is also important because not all "soil" is fertile. A man who cheerfully gives in the right direction or place will receive bountifully. This doesn't apply to giving foolishly. The way it works is that one spends on others who later return same good gesture in bigger measure to one.

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Based from my understanding, I think the more you spend money of course you would be aware to the prices of the products you've spend your money. Like for foods that there's much cheaper and still gives the same quality and you have known that knowledge due to your spending. By that you could manage yourself to budget your money because if you stick to your products not knowing there's much better to it especially to price then you can't save money.

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Quote from: koleusdat on May 15, 2023, 11:30:52 AM

There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?

That is a famous quote but you have to understand it correctly. It is not telling you to spend your money on the dumb stuff like alcohol or smoking. You should spend your money on the useful stuff. Maybe buy a book, get programming lessons, invest in something, travel to another country and have a vacation… Any of those actions is better than staying home and staring at your monitor. Saving money is a good thing but saving all of it is not healthy. I am pretty sure there is something out there you can buy to improve your skills.

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Quote from: Adbitco on May 15, 2023, 11:49:35 AM

Usually that's a biblical statement and it only works for those who are spiritually committed otherwise it won't work for you. As a normal person living above your standard will only leads you to live in debt because you are dispensing more than you received, if the given or distribution is connected to the body of Christ then I am sure would be spiritually backend.

That is Faith and Faith works with action. According to the Bible, Faith without work is dead. Now what the OP is trying to say might be true because really in any business the capital determine the profit. The more the capital is big the more the profit comes at the end of the week or the month all the depends on the income statistics the business owner uses.

Quote from: Adbitco on May 15, 2023, 11:49:35 AM

That's why as a Young growing man you don't need to involve and imposed much responsibilities on you that's above your income, out of 100 percent of your income per months you are only encourage to live below 45 percent of it and the 55 percent should fall below your savings and investment by so doing you won't go into debt.
That phrase they said never work that way, it all depends on mindset and also when you are giving and expecting something in returns might not triggers it to work effectively.

The real business people do not involved themselves with their business money. They even use the profit from the first six months to add to the business to grow it. In business again, if you spend your Profit without using it to add to your business, your business will not grow unless you add extra money to the business to grow.

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Quote from: koleusdat on May 15, 2023, 11:30:52 AM

There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction.

Initially is not really you spent money and you feel that how you get it back, frankly speaking it is really not done that way because the way we get our money is not the same way we spend it.
The way we get our monthly payment is not the same way we spend it.
Of a truth life is not bed of roses, life is not the way you see it and is never how you think it is. Just have it in mind that the way you plan your life that how it will look like for you, don't make more and you think of spend it in a day or a week and still having it in mind that you will gat more after spending they won you have.
You should know that it not all deals that brings profits.

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Quote from: koleusdat on May 15, 2023, 11:30:52 AM

There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?

I believe those are just mere sayings that did not actually work the way they sounded. Just like the statement "Givers never lack," they are linked to religion and other sorts of beliefs. But when you want to put it in investment terms, we can say that the more money you invest in any particular investment, the higher the return you will receive. The more stock and shares you purchase in a company, the higher the return you should expect.

Given your line of work and your kind of earning, I will advise you to follow what works for you. As you said, you have a stable income that you don't expect to get anything from anyone else other than your monthly or weekly pay job. In cases like this, you can minimize the amount you spend unnecessarily on things that you think will not add anything to you or are not that important to you.

But it actually pays to be good to others. When you have enough to spare, you can actually give to others who are in need without needing anything in return in one way or another. I always believe such kindness actually returns to you in another way, even if it's not directly from the person or in the same way.

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The essence of this expression is suitable for very energetic people, because they can make money on everything. Therefore, they spend a lot and get twice as much, the type of people who can achieve a lot always say like this expression.

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Quote from: koleusdat on May 15, 2023, 11:30:52 AM

There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly.

The line of thought that stipulated that the spending method is very wrong doesn'ton't have any statistical proof and spending should be classified under various categories, we have capital spending which is directed at the amount we spent in capital investment, this class of spending bring long-term income.

The other is recurrent spending, this type is the class where bills and other basic spending fall into, etc, but in general, spending takes money out of your saving regardless of what class of spending it falls between.

The best practice is to spend what you can afford and not excessively, and only spend tour left over and not capital or 100% gains, learn to prioritize investment as a way of life and make it a lifestyle to spend less than you earn.

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Quote from: koleusdat on May 15, 2023, 11:30:52 AM

There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction.

This is not the reality about the statement made, the more you spend the lesser you have and the more you invest the more you incure an income, in general terms of giving, people believe that the more you give the more being received but not in business enterprise, except if what you're giving or spending were on the basis to advance the business or enterprise to the next level, and you can achieve so by giving it al it's demanding to succeed or expand, money for business is not what should be spent on other things thab returning them back to the business to help maintain the running a d avoid it getting ruined instead.

Quote from: koleusdat on May 15, 2023, 11:30:52 AM

I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either.

Then it time you watch yourself on things you spend your money at, think about if things does not continue the way they were anymore, what will be your backup when you're not investing abd reinvesting, who will give you money to maintain your kind of lifestyle if things changed, will it be your family, friends or those customers you waste your investment money on giving them constant patronage with planning for your future

Adbitco

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Usually that's a biblical statement and it only works for those who are spiritually committed otherwise it won't work for you. As a normal person living above your standard will only leads you to live in debt because you are dispensing more than you received, if the given or distribution is connected to the body of Christ then I am sure would be spiritually backend.

That's why as a Young growing man you don't need to involve and imposed much responsibilities on you that's above your income, out of 100 percent of your income per months you are only encourage to live below 45 percent of it and the 55 percent should fall below your savings and investment by so doing you won't go into debt.
That phrase they said never work that way, it all depends on mindset and also when you are giving and expecting something in returns might not triggers it to work effectively.

koleusdat

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There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?

Topic: Do you spend more-do you get more? - page 14. (Read 1549 times)