Topic: Economic problem, why is fiat difficult to hold. - page 4. (Read 1242 times)
In everyday life we always use money to buy our needs, so if our income is not stable and limited then to save is certainly very difficult, but some people who earn big are also difficult to save because they are too wasteful in spending their money, so buying bitcoin or property is a way for us to have future assets, Never save money because little by little the money will run out without us realizing it, and you have to change the current bad behavior.
El Salvador even has programs that will allow the best students to get jobs in prestigious companies after training, but what I like most about El Salvador is that the population has the opportunity to store their savings not in fiat but in bitcoin.
This is an advantage when you know that bitcoin is officially supported by the state, and the state contributes to the education of the population, those who wish it. So although Salvadorans can also keep their savings in the US dollar, which is also pretty good at dealing with inflation, but bitcoin can give something more, it can also be a great investment.
This is an advantage when you know that bitcoin is officially supported by the state, and the state contributes to the education of the population, those who wish it. So although Salvadorans can also keep their savings in the US dollar, which is also pretty good at dealing with inflation, but bitcoin can give something more, it can also be a great investment.
Many people may not see concern regarding El Salvador expansion of the country and the adoption of Bitcoin, I love the progress he is having with the people coperation and the adoption of Bitcoin but I have been thinking what will happen to his legacy when he no longer the acting President of El Salvador, election is fast approaching by next which will be by 2024 and some party that don't like him have become anti Bitcoin, using that strategy and games to manipulate people on how Bitcoin is been force as a legal tender instead of been voluntary; that been said.
For now, Elsavador can only contribute only little to their welfare, the investment has been a negative PNL since they resume buying in December, but they will be even when BTC return around $40k but they wouldn't have anything as profit until they wait for $50k and $60k and I don't think they have plan to sell at these minor prices. Before El Salvador will earn from their investment, it will take a lot of time.
Not everyone can manage their finances, even though the income is so large but some of them have not been able to save for future assets, this is because of waste that is difficult to overcome in daily associations, so this is something that we must change slowly because frugality is something that can be done by certain people so it is very difficult to change, Then you have to find a way for your economic problems to be solved and become a successful person.
I think this is really related to inflation, we spend more money because the value of the money itself is inflated. That being said, you can blame anyone, the society, capitalism, or anyone who contribute to the inflation that make Fiat money has less value. But it won't change anything, you are the one who has the control over the money that you owned. It is true that as a group of people and humanity, we need to find a solution for this money problem, but as an individual it is our obligation to adapt with inflation and control our spending.
In addition to what you said money has lost its value and we all will always tend to spend more as a result of inflation, even the money you earn does no longer keep up with the expenses, something happened in my region recently about the removal of fuel subsidy, and no action has been taken and this has affected every single thing in the country, the issue of holding fiat is just one difficult one, and the poor are always exploited to make them self richer, and with money, they are in control. just like ants have been controlled once there is sugar available.
I think it's a story that can indeed inspire anyone who is currently struggling to be able to have a better job and be able to have a better income. In El Salvador there are indeed more and more stories about the lives of its citizens who are getting better after the adoption of bitcoin. because the government there is also quite active in providing literacy related to bitcoin. residents who want to learn bitcoin, of course, have provided a special school there. And it helps the growth of bitcoin adoption among the people there improve.
And it's true that currently learning everything related to digitalization is something that can be expected to help someone's economy. whether it's about digital payments or opening a digital or online-based business. the point is people have to start adapting to all things that lead to today's digital world. Economic growth in the digital arena is growing rapidly. even the government is also focusing on digitizing their government programs for the good of its citizens. included in finance.
Keep in mind that El Salvador is a country that has adopted bitcoin so it is very natural that many stories from its citizens learn about this and they try what has been needed because a country now with bitcoin has been friendly, even if there is a school on bitcoin literacy then El Salvador will be very natural this country has been specialized for its citizens to understand bitcoin because it will be used as a currency that they use every day.And it's true that currently learning everything related to digitalization is something that can be expected to help someone's economy. whether it's about digital payments or opening a digital or online-based business. the point is people have to start adapting to all things that lead to today's digital world. Economic growth in the digital arena is growing rapidly. even the government is also focusing on digitizing their government programs for the good of its citizens. included in finance.
If someone does not follow the development of digitalization then he will be late in his development, business now involves a lot of digital including in various fields even in the restaurant business now uses a lot of digital where they can order food that is delivered to the house or other types of transactions that are so large on the internet.
But if you really can't avoid it, just put your fiat savings in your personal vault bank instead of putting it in your digital wallet that you know might run out. For me it is better to have fiat and digital fiat that you can use if needed.
. uninstalling online shopping apps is also the most difficult. because the application has also become a tool that helps make it easier for us to shop for our needs every day. yes, this is a dilemma. but what is certain is that we must have definite goals, and we must become motivated and work harder so that we can achieve these goals more quickly.
I think this is really related to inflation, we spend more money because the value of the money itself is inflated. That being said, you can blame anyone, the society, capitalism, or anyone who contribute to the inflation that make Fiat money has less value. But it won't change anything, you are the one who has the control over the money that you owned. It is true that as a group of people and humanity, we need to find a solution for this money problem, but as an individual it is our obligation to adapt with inflation and control our spending.
I think it's a story that can indeed inspire anyone who is currently struggling to be able to have a better job and be able to have a better income. In El Salvador there are indeed more and more stories about the lives of its citizens who are getting better after the adoption of bitcoin. because the government there is also quite active in providing literacy related to bitcoin. residents who want to learn bitcoin, of course, have provided a special school there. And it helps the growth of bitcoin adoption among the people there improve.
And it's true that currently learning everything related to digitalization is something that can be expected to help someone's economy. whether it's about digital payments or opening a digital or online-based business. the point is people have to start adapting to all things that lead to today's digital world. Economic growth in the digital arena is growing rapidly. even the government is also focusing on digitizing their government programs for the good of its citizens. included in finance.
Keep in mind that El Salvador is a country that has adopted bitcoin so it is very natural that many stories from its citizens learn about this and they try what has been needed because a country now with bitcoin has been friendly, even if there is a school on bitcoin literacy then El Salvador will be very natural this country has been specialized for its citizens to understand bitcoin because it will be used as a currency that they use every day.And it's true that currently learning everything related to digitalization is something that can be expected to help someone's economy. whether it's about digital payments or opening a digital or online-based business. the point is people have to start adapting to all things that lead to today's digital world. Economic growth in the digital arena is growing rapidly. even the government is also focusing on digitizing their government programs for the good of its citizens. included in finance.
If someone does not follow the development of digitalization then he will be late in his development, business now involves a lot of digital including in various fields even in the restaurant business now uses a lot of digital where they can order food that is delivered to the house or other types of transactions that are so large on the internet.
But if you really can't avoid it, just put your fiat savings in your personal vault bank instead of putting it in your digital wallet that you know might run out. For me it is better to have fiat and digital fiat that you can use if needed.
I think it's a story that can indeed inspire anyone who is currently struggling to be able to have a better job and be able to have a better income. In El Salvador there are indeed more and more stories about the lives of its citizens who are getting better after the adoption of bitcoin. because the government there is also quite active in providing literacy related to bitcoin. residents who want to learn bitcoin, of course, have provided a special school there. And it helps the growth of bitcoin adoption among the people there improve.
And it's true that currently learning everything related to digitalization is something that can be expected to help someone's economy. whether it's about digital payments or opening a digital or online-based business. the point is people have to start adapting to all things that lead to today's digital world. Economic growth in the digital arena is growing rapidly. even the government is also focusing on digitizing their government programs for the good of its citizens. included in finance.
Keep in mind that El Salvador is a country that has adopted bitcoin so it is very natural that many stories from its citizens learn about this and they try what has been needed because a country now with bitcoin has been friendly, even if there is a school on bitcoin literacy then El Salvador will be very natural this country has been specialized for its citizens to understand bitcoin because it will be used as a currency that they use every day.And it's true that currently learning everything related to digitalization is something that can be expected to help someone's economy. whether it's about digital payments or opening a digital or online-based business. the point is people have to start adapting to all things that lead to today's digital world. Economic growth in the digital arena is growing rapidly. even the government is also focusing on digitizing their government programs for the good of its citizens. included in finance.
If someone does not follow the development of digitalization then he will be late in his development, business now involves a lot of digital including in various fields even in the restaurant business now uses a lot of digital where they can order food that is delivered to the house or other types of transactions that are so large on the internet.
I think it's a story that can indeed inspire anyone who is currently struggling to be able to have a better job and be able to have a better income. In El Salvador there are indeed more and more stories about the lives of its citizens who are getting better after the adoption of bitcoin. because the government there is also quite active in providing literacy related to bitcoin. residents who want to learn bitcoin, of course, have provided a special school there. And it helps the growth of bitcoin adoption among the people there improve.
And it's true that currently learning everything related to digitalization is something that can be expected to help someone's economy. whether it's about digital payments or opening a digital or online-based business. the point is people have to start adapting to all things that lead to today's digital world. Economic growth in the digital arena is growing rapidly. even the government is also focusing on digitizing their government programs for the good of its citizens. included in finance.
El Salvador even has programs that will allow the best students to get jobs in prestigious companies after training, but what I like most about El Salvador is that the population has the opportunity to store their savings not in fiat but in bitcoin.And it's true that currently learning everything related to digitalization is something that can be expected to help someone's economy. whether it's about digital payments or opening a digital or online-based business. the point is people have to start adapting to all things that lead to today's digital world. Economic growth in the digital arena is growing rapidly. even the government is also focusing on digitizing their government programs for the good of its citizens. included in finance.
This is an advantage when you know that bitcoin is officially supported by the state, and the state contributes to the education of the population, those who wish it. So although Salvadorans can also keep their savings in the US dollar, which is also pretty good at dealing with inflation, but bitcoin can give something more, it can also be a great investment.
I think it's a story that can indeed inspire anyone who is currently struggling to be able to have a better job and be able to have a better income. In El Salvador there are indeed more and more stories about the lives of its citizens who are getting better after the adoption of bitcoin. because the government there is also quite active in providing literacy related to bitcoin. residents who want to learn bitcoin, of course, have provided a special school there. And it helps the growth of bitcoin adoption among the people there improve.
And it's true that currently learning everything related to digitalization is something that can be expected to help someone's economy. whether it's about digital payments or opening a digital or online-based business. the point is people have to start adapting to all things that lead to today's digital world. Economic growth in the digital arena is growing rapidly. even the government is also focusing on digitizing their government programs for the good of its citizens. included in finance.
Keep in mind that El Salvador is a country that has adopted bitcoin so it is very natural that many stories from its citizens learn about this and they try what has been needed because a country now with bitcoin has been friendly, even if there is a school on bitcoin literacy then El Salvador will be very natural this country has been specialized for its citizens to understand bitcoin because it will be used as a currency that they use every day.And it's true that currently learning everything related to digitalization is something that can be expected to help someone's economy. whether it's about digital payments or opening a digital or online-based business. the point is people have to start adapting to all things that lead to today's digital world. Economic growth in the digital arena is growing rapidly. even the government is also focusing on digitizing their government programs for the good of its citizens. included in finance.
If someone does not follow the development of digitalization then he will be late in his development, business now involves a lot of digital including in various fields even in the restaurant business now uses a lot of digital where they can order food that is delivered to the house or other types of transactions that are so large on the internet.
It's difficult to hodl fiat if you're the type of person that loves impulsive buying, shopping online, always eating outside, buying branded clothes and shoes, etc. In order to spend your money on the right things, you have to be matured enough to endure your thoughts on buying the things you want, instead focus on the things you need. Keep track on your expenses, budget your fiat, only buy things you wanted if you really have extra cash for it and don't do it always.
And that is one way to fight the name of waste where unnecessary budget slots are removed, I think it's pretty good if applied. But what is called desire is sometimes beyond our own reasoning and sometimes unstoppable. Saying it is easy, but if you do it, it feels a bit difficult, especially if someone's type of life is already glamorous
because even among them there are still many who do not have smart phones that support digital payments. or even they don't have time to learn about digital money. they just focus on working every day to make money.
It would be worth learning about digital money and trying to study this issue properly, it can be life changing. I recently read the story of a guy from El Salvador who was just a construction worker, but one day he learned about bitcoin and became so fascinated by it that he took a cryptocurrency course and eventually became a teacher.A great example of how bitcoin can change people's lives.
And it's true that currently learning everything related to digitalization is something that can be expected to help someone's economy. whether it's about digital payments or opening a digital or online-based business. the point is people have to start adapting to all things that lead to today's digital world. Economic growth in the digital arena is growing rapidly. even the government is also focusing on digitizing their government programs for the good of its citizens. included in finance.
Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?
This is very true. It's our habit only. Just assess the situation that you had previously with limited money in hand. Will you be borrowing money? Or will you be okay? If you would be okay then you are spending money in a wrong way but if you might have to borrow money eventually then you are right it's just the expenses that you have are unavoidable and absolutely necessary and you need to raise up your income in this scenario to ensure savings.I blame myself a lot for spending so much and being irresponsible with money,
This is the first point you need to understand and now that you have identified it, you can now start planning how to make yourself better with money. You can't keep giving yourself excuse that you are not the only one not good with spending money because it is a personal decision and not group. Train yourself on how to manage your income.
but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?
No I don't think the society contribute to high level of expenses that people incur. The economic hardship is rather making people to adjust. Spending irrational is the reason people are having bills hanging their neck.
Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?
I also notice that if we hold our money we can easily be tempted to go shopping or spending it in the things that is not so very important to us, maybe it is because it is in our hands, for me the solution is also in our hands if we spend the money to make a good business i am sure that it will never be lost because it will bring us back the capital and the profit if we found a good business that fit on our status specially when we are still in the beginning of a business journey. because even among them there are still many who do not have smart phones that support digital payments. or even they don't have time to learn about digital money. they just focus on working every day to make money.
It would be worth learning about digital money and trying to study this issue properly, it can be life changing. I recently read the story of a guy from El Salvador who was just a construction worker, but one day he learned about bitcoin and became so fascinated by it that he took a cryptocurrency course and eventually became a teacher.A great example of how bitcoin can change people's lives.
mindset that must be changed to be rich. no matter how much our income is, it would be better to set aside a little to invest, so that in the future it will make our life better. it's different with people whose economic capacity is below, they have little money most of them will spend it on something that is actually less needed. therefore many people from the lower economic background stagnate in that position. another thing for rich people who can't seem to let money go idle, they look for ways to develop that money, on the other hand environmental factors greatly affect their mindset
Money can allow you to make even more money, but this rule does not work for everyone. I read stories about celebrities who tried to open restaurants failed, which means that having a lot of money, not everyone can increase them, for this you also need to have certain knowledge. 
Managing money and developing financial habits is a process. By experiencing and learning from failures and challenges, we can gain valuable lessons and form a long-term mindset about personal finance.
Do an accurate self-assessment and determine what really matters to you. Personal values and goals will help you develop sustainable thinking and action in managing your money.
It's important to make sure your personal wishes are strong and sincere. This will ensure that you stay motivated and steady in your money management process and create a better financial life in the future.
Do an accurate self-assessment and determine what really matters to you. Personal values and goals will help you develop sustainable thinking and action in managing your money.
It's important to make sure your personal wishes are strong and sincere. This will ensure that you stay motivated and steady in your money management process and create a better financial life in the future.
Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?
Have you ever wondered how satisfied you are with spending in your life? The things you know and the things you know are balanced, for example, you want to eat well and dress well, but your low and moderate income conditions keep you from getting what you want. The spending plan I think most of us make mistakes is because greed overshadows everything, even as myself before, although I am also a person with a fairly large income, then the letting go of the fun gradually drained my finances and I kept coming back to do more things to fulfill that joy, when I realized those mistakes and reset my spending behavior, I see everything back to balance and need to have backup funds to avoid falling into awkward situations that make life difficult and deadlocked. 
do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?
It seems like you're facing some issues. I completely understand the lifestyle choices of certain individuals that may serve as examples for others. There are those with smaller incomes but larger expenses compared to those with higher salaries. This reality is quite evident within my surroundings, and I'm particularly suspicious of each person's behavior.Individuals with standard incomes tend to spend more on consumptive activities. They rarely consider investments and the future. They only accumulate money when they plan for something significant.
On the other hand, wealthy individuals tend to be unable to adopt consumptive habits. Wise thinking greatly influences one's financial flow.
I always remind myself of my principle, which is, "I am the only one responsible for myself." Try to resist indulging in something that leads to extravagant spending. If you cannot track which expenditures are overly excessive, you can start recording every expense and income you make. It is better than saving without any particular reason.
mindset that must be changed to be rich. no matter how much our income is, it would be better to set aside a little to invest, so that in the future it will make our life better. it's different with people whose economic capacity is below, they have little money most of them will spend it on something that is actually less needed. therefore many people from the lower economic background stagnate in that position. another thing for rich people who can't seem to let money go idle, they look for ways to develop that money, on the other hand environmental factors greatly affect their mindset
The mindset of the rich and the poor is of course very different, even though they try to invest by setting aside a little money. Because poor people always have to set aside the money they get every day to be able to invest in the long term, whereas for those who are already rich it's easier to manage because they only use idle money by not having to set aside more of the money they earn a day -day. This is what makes the difference in terms of mindset with the same goal, namely investment. Jump to: