Do you spend more-do you get more? - page 2.

Mr.suevie

sr. member

Activity: 546

Merit: 342

Quote from: Dr.Bitcoin_Strange on June 25, 2023, 04:33:36 PM

Quote from: nlovric on June 22, 2023, 05:31:59 AM

It is crucial to recognise that those who do experience extraordinary success by investing a lot of money are either very lucky or have made a lot of investments allowing some of them to be profitable and offsetting any losses they may have experienced along the road.

Having just one investment is obviously a risk too, because even if you have managed all the possible risks and have a good idea of how well your investment can work out, it still might not work out due to some unforseen circumstances. The reason most people are successful is because they did not just rely on one investment. I don't mean that relying on one investment is bad, but the risk is that, in some cases, it might not work out the way you have planned it. If one still has other investments in other assets, then they can serve as backup for the non-profiting or low-profiting investment. So, I agree with what you said. Having more investments will even increase how successful you can be because you will always have other investments to support you.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Thats actually the best thing any profound investor can do for himself, because diversifying your investment to different area actually increases your chances of gathering better profits and like you said also reduces the possible loss rate that you might inquire to your investment. Although its not a compulsory thing and it also depends on the budget in which the investor is going with because you can't make different invest if actually your capital money isn't enough.

Dr.Bitcoin_Strange

hero member

Activity: 770

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote from: nlovric on June 22, 2023, 05:31:59 AM

It is crucial to recognise that those who do experience extraordinary success by investing a lot of money are either very lucky or have made a lot of investments allowing some of them to be profitable and offsetting any losses they may have experienced along the road.

Having just one investment is obviously a risk too, because even if you have managed all the possible risks and have a good idea of how well your investment can work out, it still might not work out due to some unforseen circumstances. The reason most people are successful is because they did not just rely on one investment. I don't mean that relying on one investment is bad, but the risk is that, in some cases, it might not work out the way you have planned it. If one still has other investments in other assets, then they can serve as backup for the non-profiting or low-profiting investment. So, I agree with what you said. Having more investments will even increase how successful you can be because you will always have other investments to support you.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

nimogsm

hero member

Activity: 2632

Merit: 649

DGbet.fun - Crypto Sportsbook

no, it doesn’t work like that) It’s just what society says so that people do more good deeds for others, but from an economic point of view this is not possible.The formula will work like this: you save more + spend less = you have more money.Others can and should be helped, but it is important to do this not to the detriment of oneself.

nur rochid

full member

Activity: 1050

Merit: 100

Quote from: Mame89 on June 25, 2023, 11:14:50 AM

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

Actually the concept as you convey there is nothing wrong if we use it correctly. If spending your money on what to spend and that spending can result in a profit in the future, this is probably a good thing. But if you spend your money on useless things because you are only following your passions, of course this will not benefit you, especially in the long term, bad expenses should not need to occur.

However, if you are investing your money in an asset like Bitcoin that has the potential to be profitable in the long term, this could be a smarter decision. Because bitcoin investments are investments that do have the potential to generate significant profits in the future even though they carry risks, but this also depends on your patience in seeing market changes. Precisely for me buying as many bitcoins will get a lot of profit too.

indeed spending money can be distinguished between spending money on shopping needs or spending money on shopping for investment goods. needs are also distinguished between important and unimportant, so we must minimize our desires which are often seen as needs. after that the rest can be spent on investing. the more investment we buy, the more chance we will get. therefore we must be good at classifying our money so that it will grow more so as to create financial freedom, if money is only to fulfill our desires, then where will we get greater results, the probability of going bankrupt will be higher

Mame89

hero member

Activity: 1736

Merit: 501

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

Actually the concept as you convey there is nothing wrong if we use it correctly. If spending your money on what to spend and that spending can result in a profit in the future, this is probably a good thing. But if you spend your money on useless things because you are only following your passions, of course this will not benefit you, especially in the long term, bad expenses should not need to occur.

However, if you are investing your money in an asset like Bitcoin that has the potential to be profitable in the long term, this could be a smarter decision. Because bitcoin investments are investments that do have the potential to generate significant profits in the future even though they carry risks, but this also depends on your patience in seeing market changes. Precisely for me buying as many bitcoins will get a lot of profit too.

Crypto Library

hero member

Activity: 1036

Merit: 933

Find your Digital Services at- cryptolibrary.pro

Quote from: Ursulachuks on June 25, 2023, 02:39:12 AM

I don't see how increasing consumption may result in higher income.Keeping to a budget is preferable. Setting long-term financial objectives, avoiding overspending, breaking dangerous spending patterns, and other things may all be done with a budget.

The way you said the matter it doesn't actually hold later. As the saying goes, as income increases, expenditure also increases. I think most of the cases happen with most people. If I speak for myself, it has happened in my case that when income is low, expenditure is also low. But as the income increases, the expense also does increasing.
It's a lot like developed countries and poor countries where you can see that while your income and standard of living are better, the cost of living is also higher.
On the other hand, if I talk about the countries of the third world, then the income and therefore the expenditure from the developed countries is comparatively less.

irhact

hero member

Activity: 616

Merit: 749

Quote from: raidarksword on June 22, 2023, 07:42:16 AM

I believe the saying that goes " the more you take, the less you have" and the nature of man is greed and cannot be contented at all. It also can be applied on investing but with more risk the high the rewards though sometimes it will not go the way you wanted it. That's why only invest what you have just to be safe because crypto is very volatile that it can go down or up in just a short amount of time. Start on small amount first and steadily increase your venture when you feel you have made a good profit by it.

When you spend money unwisely you can't make those money back but when you spend then wisely you'll make more profits back. For example when you invest into bitcoin by buying more during the dip you're putting yourself in an excellent position to make back more profits when Bitcoin starts rising again but if you invested unwisely into hyped shitcoins, you'll lose with the market as they might never recover to get back to their previous ATH.

Spending money doesn't make you eligible to received money back, you have to be very calculative and make sure what you're spending money on is worth it, if you spend money accumulating liability you'll keep losing money and not get any back but when you invest in assets it'll be different.

Ursulachuks

newbie

Activity: 13

Merit: 0

I don't see how increasing consumption may result in higher income.Keeping to a budget is preferable. Setting long-term financial objectives, avoiding overspending, breaking dangerous spending patterns, and other things may all be done with a budget.

Mauser

hero member

Activity: 2002

Merit: 534

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 don't think this makes any sense on a personal level. Why should increasing our consumption lead to a higher income? It only leads to having less money in our pockets. This statement is true on a company level that invests in their own business. You need capital to buy new machines, run advertising, create new products, etc. If you are a successful business it means that spending more money today will lead to higher revenues in the future. But for us consumers it doesn't help if we spend all our savings on a new car, long vacation and the newest iPhone and iPad. These are all purchases that don't lead to higher income for us.

Lamkuthang

member

Activity: 335

Merit: 34

Low Fidelity High Potential

Quote from: bayu7adi on June 22, 2023, 12:54:58 PM

Spend more + with brains = get more

Spend more + without brains = fully relying on luck, not much different from gambling

Spending a lot of money I think it's not a big deal as long as we do it wisely. Yes. I like the two points above. For the first point that commonly occurs
In the case of crypto investment, when we sit and think that there is indeed a lot of wasted time, planning what we will buy, and the result is that we end up getting better results in return.

But if we just spend money without thinking smartly, it's like gambling exactly what you mean. Yes. If you only rely on luck and blind shooting might drain your money and mind and I think it's an unnecessary risk.

wmaurik

hero member

Activity: 2058

Merit: 710

Quote from: raidarksword on June 22, 2023, 07:42:16 AM

I believe the saying that goes " the more you take, the less you have" and the nature of man is greed and cannot be contented at all. It also can be applied on investing but with more risk the high the rewards though sometimes it will not go the way you wanted it. That's why only invest what you have just to be safe because crypto is very volatile that it can go down or up in just a short amount of time. Start on small amount first and steadily increase your venture when you feel you have made a good profit by it.

The proverb that you say sounds strange at first glance, but when I begin to digest it using a slightly different understanding, the saying looks like a fact which means more about using money or consuming money for things that have big risks. But if you address this adage in terms of investment, I think it's a little inaccurate because you have also provided other solutions in terms of investment in a wiser way. Because it must be done in accordance with existing capabilities and there is no need to push yourself too much if the investment capital is not too much.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: Fortify on June 22, 2023, 03:34:44 PM

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?

There's a range of different scenarios where this might be true, there is an old theory that you should dress to impress and look the part when going for something like a new job. A suit can look way more professional and flattering than other people who might turn up in more casual clothes to interview. Then there is the idea that if you buy cheap, you end up buying twice, which needs some thorough thought. If you're putting together a tool box for example, you might buy cheap the first time and figure out what you're using so much that it breaks - then as you replace those items you can increase the quality because you tend to use it more regularly than other tools in there and it's important not to keep buying the same item that might break quicker.

If you are really that tending to make use of a certain tool on day to day basis or something we can say that it is really that common then it would really be that common sense that you should be buying a good quality one so that you would really be avoiding on keeps on buying just because you are really that trying out to save as much as you could be ending up you would really be having more expenses.

This is why having that good balancing between things or simply with assessment with the situation is really that very much needed.You cant really be that able to experience hardship or negative outcomes
if you have just planned and mind it on well. You cant really just make out steps without having that preparation or other considerations because if you do have that kind of habit on which
you do have rushed on things or dont mind or balanced in between situations then you would be ending up on having more spending than savings.

Fortify

legendary

Activity: 2688

Merit: 1192

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?

There's a range of different scenarios where this might be true, there is an old theory that you should dress to impress and look the part when going for something like a new job. A suit can look way more professional and flattering than other people who might turn up in more casual clothes to interview. Then there is the idea that if you buy cheap, you end up buying twice, which needs some thorough thought. If you're putting together a tool box for example, you might buy cheap the first time and figure out what you're using so much that it breaks - then as you replace those items you can increase the quality because you tend to use it more regularly than other tools in there and it's important not to keep buying the same item that might break quicker.

Dr.Bitcoin_Strange

hero member

Activity: 770

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote from: bayu7adi on June 22, 2023, 12:54:58 PM

Spend more + with brains = get more

Spend more + without brains = fully relying on luck, not much different from gambling

Spend less + with brains = may receive little initially but has potential for significant gains if lucky

exactly the point, my friend; some people are really getting it wrong all in the name of the rule, "spend more and you will get more." Let's take for instance, you have four friends and three of them are jobless, then only one of them is wealthy and hard driving just to archive success, means while the other of your three friends are not had working, they are just maybe gamblers, and perhaps one day four of them needs help of which you only have the option to help only one person among the four of them, if it were in my case, I would only help that one friend who is Wealthy and hard driving because I know that definitely he is likely to return some favor if I need assistance in future too. that's how we are supposed to spend.

Allow me to use this weird scenario: just like when you are at a bar, it is wise to always buy a bottle of beer for someone who can buy you two bottles in return. Unless maybe you want to be generous to all.

Flexystar

full member

Activity: 1092

Merit: 227

In that case, you need sleepless nights, plans, agenda for every minute of your life, less expenses more investments and most importantly- crazy determination towards your goal. That’s how you become rich. This is never easy and it takes gut pain to start with. You have to compromise many things in your life. Starting from your leisure time and friends, parties, weekends without reservations and much more.

The more money you put the more risk you carry and that is why the returns are always high. I am not sure what are your actual goal but to make money you need to “reset” your life once and for all.

bayu7adi

hero member

Activity: 1470

Merit: 558

dont be greedy

Spend more + with brains = get more

Spend more + without brains = fully relying on luck, not much different from gambling

Spend less + with brains = may receive little initially but has potential for significant gains if lucky

Spend less + without brains = hopeless gambling, akin to investing in meme coins

So, in reality, there is another crucial variable to know and learn, namely knowledge and the ability to make wiser decisions.

raidarksword

member

Activity: 2044

Merit: 16

I believe the saying that goes " the more you take, the less you have" and the nature of man is greed and cannot be contented at all. It also can be applied on investing but with more risk the high the rewards though sometimes it will not go the way you wanted it. That's why only invest what you have just to be safe because crypto is very volatile that it can go down or up in just a short amount of time. Start on small amount first and steadily increase your venture when you feel you have made a good profit by it.

nlovric

full member

Activity: 336

Merit: 140

Quote from: Dr.Osh on June 10, 2023, 12:27:45 AM

Quote from: odunybiz on June 08, 2023, 06:59:12 PM

Spending more doesn't assure you of getting more

this is a true statement. not forever when you spend a lot of money on business, you will get bigger profits. However, most people try to do that with minimal money. when they have benefited from it, they will usually increase their investment to get a bigger return.
Personally, I have tried to make various kinds of investments. trying to spend a lot of money for more profit. however, most of them have had conflicting results. Therefore, not always spending a lot of money will give you big profits. if there are people like that, either they are lucky, or have made so many investments that they are successful

True that investing a lot of money in a company does not ensure greater earnings. Many people are aware of this idea and strive to succeed with little outlay of funds. They like the idea of making a small initial commitment and progressively raising it when they see results. I can personally connect to this because I have made several investments with the hope of increasing profits by doing so. But I have had a variety of encounters with varying outcomes. This serves as a reminder that there is not always a direct correlation between investment size and returns. It is crucial to recognise that those who do experience extraordinary success by investing a lot of money are either very lucky or have made a lot of investments allowing some of them to be profitable and offsetting any losses they may have experienced along the road.

Nwada001

hero member

Activity: 798

Merit: 702

Quote from: Altryist on June 22, 2023, 04:46:48 AM

Quote from: Nwada001 on June 20, 2023, 06:28:04 PM

It all depends on how you spend it; if you spend more on the right things, you will definitely get a higher return. But if you spend more on the wrong things, what you will get at the end of the day is a huge amount wasted.

Huge amounts of money invested properly in a good business, let's say, for instance, you have a huge amount of money that you want to invest in the stock market or in crypto. Let's take Bitcoin for instance. If I happened to have invested $100 a few days ago when Bitcoin was still at $24,500 and today the price moved to $27,900, that would have given me a profit of $14. But if it was $1000 in which I invested, the profit would not have been $14 but $114, which is simply the spending more and earning more principle.

This also happens in some cases where you could invest more, but at the same time, because of the wrong investment plan, one could possibly lose the entire invested amount.

And if you bought bitcoin for 1000 dollars a few days ago, and the price went not up, but down, then you would not have earned but lost a hundred dollars. The purchase of highly volatile assets has an outcome too unpredictable to be given as an example. Investing in a business can be profitable because you can anticipate costs and expected profits, although this will not guarantee you the expected result, but it will be able to bring you the expected profit.

Already aware of such a possibility; that's the reason for the last paragraph.
There is always a disadvantage in most things that have an advantage, so when thinking about the positive possibility, I don't forget to also think about the negative impact that can come afterwards.

Altryist

legendary

Activity: 2100

Merit: 1340

Quote from: Nwada001 on June 20, 2023, 06:28:04 PM

It all depends on how you spend it; if you spend more on the right things, you will definitely get a higher return. But if you spend more on the wrong things, what you will get at the end of the day is a huge amount wasted.

Huge amounts of money invested properly in a good business, let's say, for instance, you have a huge amount of money that you want to invest in the stock market or in crypto. Let's take Bitcoin for instance. If I happened to have invested $100 a few days ago when Bitcoin was still at $24,500 and today the price moved to $27,900, that would have given me a profit of $14. But if it was $1000 in which I invested, the profit would not have been $14 but $114, which is simply the spending more and earning more principle.

This also happens in some cases where you could invest more, but at the same time, because of the wrong investment plan, one could possibly lose the entire invested amount.

And if you bought bitcoin for 1000 dollars a few days ago, and the price went not up, but down, then you would not have earned but lost a hundred dollars. The purchase of highly volatile assets has an outcome too unpredictable to be given as an example. Investing in a business can be profitable because you can anticipate costs and expected profits, although this will not guarantee you the expected result, but it will be able to bring you the expected profit.

Topic: Do you spend more-do you get more? - page 2. (Read 1570 times)