FINANCIAL TIPS - page 10. | Bitcointalksearch.org

aeternus

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Quote from: rarg on March 12, 2018, 11:47:50 PM

Quote from: goaldigger on March 10, 2018, 08:51:41 PM

* DONT SPEND BEYOND WHAT YOU EARN.

This is particular to those credit card addicts where swipping it is their life. They spend most of their needs on cards, groceries, gadgets installment etc. They spend beyond their limits and usually paying excess charges because of this. They often didnt get through this swipe pay cycle because of their limited fund capacity.

I like this one. I think this is the common problem for everyone. Sometimes we cannot avoid great offers from a store which has discount product. I think that
human nature when seeing a cheap price. We usually buy a discount product, although we don't need it.

That is good advice but it is still not enough many people think that not spending beyond your means spending every single cent that you have and that is also a good way to becoming poor over the long term, you need to save at least 10% of your income and maybe more and then you need to invest, if you do not do that then it is very unlikely you are ever going to be able to retire.

tagsgay

newbie

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Wow though i knew all these points but still thanks for rememorizing them to me.

onnz423

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Great tips, I think I'll add on a couple more to help people out that were like me in the beginning;

1. Do not invest your time into pump and dump groups, you will find that you won't realize any of the profits they claim. Only the owners of the group profit.

2. Most signals groups are scams, unless they have a proven track record.

3. ETH is not the future, do not believe the hype.

BitHodler

legendary

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Quote from: sidodadii on March 22, 2018, 07:11:33 PM

I prefer to avoid credit cards and the like, because credit cards will only make our lives uneasy and make our finances messed up. away from credit cards is the most powerful solution to get a comfortable life without the thought of paying off all our debts that if using a credit card.

Credit cards make people's life easier initially, because it grants them easy access to money, and that at any time of the day. It's a convenience service meant to make people take out more credit than they can afford.

It's not for nothing that it is so incredibly easy to obtain $500 or $1000 every month because you're short. I avoid credit, and I'm glad to read that you think so about credit as well, but we are nothing more than a tiny dot.

Our entire economy is built on a foundation of debt, and it only becomes worse with every year that goes by. This implies that a lot people can't make ends meet without credit, and that's the horrible reality.

People so much depend on credit nowadays, that they can't live without it, even when they very well know that the debt is basically going to follow them until their very last breath. That's what this system is set up for.

sidodadii

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Quote from: rave123wallz on March 22, 2018, 02:21:00 AM

In this world you have to be wise enough that you have to look for a lot of sources where you can earn for your own sake. And if you are a person who likes to roam around the world, you have to be financially stable. I think the best way to know you are secured with your finances is that you have that self-discipline to control your income and expenses, you have to know your debit and credit so that you will not be deficit at the end.

that's right, if I myself I prefer to avoid credit cards and the like, because credit cards will only make our lives uneasy and make our finances messed up. away from credit cards is the most powerful solution to get a comfortable life without the thought of paying off all our debts that if using a credit card.

Finestream

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Quote from: secondhandlark5 on March 22, 2018, 01:45:01 AM

It depends on the mentality of an individual; no suggestions and advice also can do a single good to them if they dont understand themselves

Right.Atleast you should know yourself first.Have a self-descipline and motivate yourself for your goal.If you really want to save,do no make unnecessary expenses like spending it for your own wants and desires.Set your weekly or monthly budget so you can reserve your money and the remaining will be put in a bank.And try to be thrifty as much as possible so you can have a maximum savings.Rewarding yourself can be done in the end after your goals have been achieved.

faultunfmuzzled8

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thats the main point always; "dont spend more than what you earn"; dont spend more than what you need

nightfury

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There are actually lots of financial tips one can think but as to financial tips for cryptocurrencies, here's what i can offer.

Choose potential and popularity. If you can do some research before you invest, check those digital currencies that is popular and with great potential. They may be on the top 50s or perhaps those cryptos that are already showing signs of progress.

Diversify your portfolio. Don't pour in all your money to a single potential cryptocurrency only. Invest on different potential cryptos but always follow what you have research and not what you feel. Sometimes our instincts don't lead us to a good result.

Don't ditch the bank. For me, i still use banks and everytime i earned from crypto, i always keep half of it in the bank while the other half will remain in my crypto wallet.

mornabo

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Quote from: zarados on March 15, 2018, 09:23:57 AM

Everyone has different habits and lifestyles that can certainly affect their own financial condition. Could be, the tips you give can be useful for some people and not for others. There are people who make lifestyle as a necessity, some are just consider it complementary. There are people who think owning a personal vehicle is a primary need, others assume that it is a tertiary needs. So, it all depends on what we belong to.

I think the tips presented by the OP can be implemented (fit) by everyone. that do not spend money over your salary? of course everyone will go broke/bankrupt if they spend their money more than income they get, then "save first before spending" of course everyone wants to have a stable financial economy. so the priority for everyone must be to save first rather than spend it.

rave123wallz

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In this world you have to be wise enough that you have to look for a lot of sources where you can earn for your own sake. And if you are a person who likes to roam around the world, you have to be financially stable. I think the best way to know you are secured with your finances is that you have that self-discipline to control your income and expenses, you have to know your debit and credit so that you will not be deficit at the end.

jesh2206

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Get everyone in your family involved with keeping to a budget.
Sit down together and make a plan that you can all stick to.
Work out how much spending money is available and agree between you what you’ll each have.

secondhandlark5

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"JOIN THE NEXT MEGATREND IN CRYPTO!"

It depends on the mentality of an individual; no suggestions and advice also can do a single good to them if they dont understand themselves

frankybutterin

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“Blockchain Just Entered The Real World”

This is a good financial tips. But I think everyone has different income, level of needs and dependents. These three things make it sometimes difficult to save money for savings or investments. So from that I follow this bitcoin forum to earn income more so I can do the three financial tips above.

Thanks for the tips Wink

almaerk08

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Quote from: yndye on March 22, 2018, 12:18:11 AM

Quote from: goaldigger on March 10, 2018, 08:51:41 PM

* SAVE FIRST BEFORE SPENDING
I think this is the hardest part of the financial budget if you are earning just right for paying your monthly bill and daily necessities. But what will you have to do ? . You dont need that high portion of savings everytime. For example , you have $50 on your hand in excess of your expenses, budget it for a week in a very cheap way , groceries would be better, then save what is remained. Take aside your weekly starbucks and put it on your bank.You can take coffe at home or on a cheap way. Small amounts will get big in a time and you can start investing after. You can always reward yourself after if you start investing and earned passively.

This is what you call pay yourself first. Even if only a little amount upon receiving your salary, you need to pay yourself by saving a little amount because it will be accumulated eventually. If you do it this way, you can always save because the tendency when you save after expenses is that there will be nothing left because you will think to save next month or even worse forget that you need to save. This is the usual case that's why savings should come first before spending. Having a budget is the smart way to do it wherein you need to jot down your expenses so that you can distribute your earnings properly. It is even ideal of you list all your expenses so that you will know what expenses you overspend and then adjust it accordingly and see what expenses you can possibly save.

Thank you for these wonderful tips. It really is very helpful. Yes being able to control your urge in spending is difficult especially if you are used to doong it every payday. But as the time goes by, we can manage our money by spending only on the things that we really need.

yndye

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Quote from: goaldigger on March 10, 2018, 08:51:41 PM

* SAVE FIRST BEFORE SPENDING
I think this is the hardest part of the financial budget if you are earning just right for paying your monthly bill and daily necessities. But what will you have to do ? . You dont need that high portion of savings everytime. For example , you have $50 on your hand in excess of your expenses, budget it for a week in a very cheap way , groceries would be better, then save what is remained. Take aside your weekly starbucks and put it on your bank.You can take coffe at home or on a cheap way. Small amounts will get big in a time and you can start investing after. You can always reward yourself after if you start investing and earned passively.

This is what you call pay yourself first. Even if only a little amount upon receiving your salary, you need to pay yourself by saving a little amount because it will be accumulated eventually. If you do it this way, you can always save because the tendency when you save after expenses is that there will be nothing left because you will think to save next month or even worse forget that you need to save. This is the usual case that's why savings should come first before spending. Having a budget is the smart way to do it wherein you need to jot down your expenses so that you can distribute your earnings properly. It is even ideal of you list all your expenses so that you will know what expenses you overspend and then adjust it accordingly and see what expenses you can possibly save.

illbaker4

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If you want you can spend today but you will surely repent of not saving the money, tomorrow; then there will be no way out

orangeibmportD

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though you earn on your own and earn to your hearts content, never be luxurious ever. rather be conservative

Sum24

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Quote from: Satry on March 15, 2018, 10:58:57 AM

Quote from: creeps on March 10, 2018, 10:09:54 PM

Quote from: goaldigger on March 10, 2018, 08:51:41 PM

I dont know if this where the right place to post but here it is. This is most applicable for those minimum wage earner who struggles in life and wanted to invest too.

* DONT SPEND BEYOND WHAT YOU EARN.

This is the common thing that we should have before investing, of course we have to settle our debt first because investing takes time to earn.

It depend on the needs of a person specially for the emergency. For me, using credit card is a big help when it comes to discounts of what I really want to buy.

Quote from: creeps on March 10, 2018, 10:09:54 PM

Quote from: goaldigger on March 10, 2018, 08:51:41 PM

* SAVE FIRST BEFORE SPENDING

Always know your priority, and don't spend beyond your means but still a lot of people are failed on this.

Rather than spending too much, we should limit our spending specially its out of budget.

Quote from: creeps on March 10, 2018, 10:09:54 PM

Quote from: goaldigger on March 10, 2018, 08:51:41 PM

* SET SOME GOALS

You should set your goal before anything else because its hard to invest when you don't have this thing and you might be controlled by greed.
Over all this is a good financial tips for everyone, and I hope many people find this thing helpful.

Goal is the best bench mark to control your expenses specially your planning on a business or other investments.

All of the tips given by you are very good but in addition to it I want to say that it will be good if you make proper planning for increase in finance. The best tip is not to spend too much amount of money at the same time when you income is not very high, it is good to save high amount of profit for your future, before you get into bitcoin try to fix a goal for yourself then invest for high amount of profit, try to use more than one source of income, like try to use bitcoin as an additional source of income to improve your finance.

rave123wallz

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In doing bitcoin of course it very advisable to manage your finances properly so that you will not be negative in the end.

trickee

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If you do not have enough knowledge about financial read books or you cam visit blogs site or attend seminar about it if you want. You can live simple ,simple living is great. Most of all plan finance for sure you can save money. And lastly , if there is a debt, pay as soon as possible to no more problems.

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