Topic: Getting things off your list. - page 2. (Read 596 times)

Many people who already have a steady income but often experience financial problems, it's definitely because they don't manage their
finances well. So no matter how big our income is, we will always experience financial problems if we don't make good financial planning.
I even found some people whose expenses are greater than their income, then finally the person is stressed and has a lot of debt. So make
sure we manage our finances well, so that we can prioritize buying the things we need and can avoid financial problems. Because if we
experience financial problems it will usually cause other problems and if that happens it will destroy our lives.

Why not invest before buying those things? I think its better to pay rent for houses and invest your money first before buying your own house. Be okay with electric fan rather than air-conditioned unit and invest it first. Ripe your investments first then reinvest until you have the financial freedom. With the right strategy, you can attain these gains and buy all those things you want.

All those things can only be achieved with a strong strategies that will back it up for it come to reality, yes the more you leave things to do the more things is getting expensive, but at least you have to ensure that you have put your money for for a place that it will yield something ease, saving fiat or dumping a currency such as fiat for project without engaged it investment first that will provide like time's two the capital is not encouraging from my perspective, i can say people have different perspective of service via money saving.

If it's necessary and badly needed then I guess it's better to buy it right away without hesitations as long as we could afford it but if there are better and more important things that we should buy first then we should let our wants wait. Saving for it would be the best thing that we can do. Buying our needs more than our wants is still a wise decision.

So we agree that we need to buy the items we need because that is what we use daily and after that, we use the other to buy the other items we want or save the money to prepare for the other things we want to buy. The thing in the list can change or modify based on the current situation so we need to have urgent money to prepare just in case we need the money. I am sure if we can manage our funds properly, we will not have a problem while we can also save some money for our future.

Yes, it is. Focusing on one thing will be recommended rather than focusing on some things that can confuse us to manage. Besides that, that can make our expenses bigger than we expect and that can be over budget.

Example if you are planning a Business and you are confident and knowledgeable  about that area then do it instantly , make it a priority and never engage to other thing first because if that business grows high then everything in your front is possible to purchase.
i believe in one thing at a time than multiple tasking without a proper focus.

In a pandemic situation like now where finding work is difficult, we have to really buy the things we really need. And make it a habit to buy goods
in cash without credit, because if we buy goods on credit, it means we have not been able to buy these goods and will only burden our expenses.
I agree that we really have to have a good plan on how to manage our money's income and expenditure. By making a list of what items we will buy,
then sorting by priority, will help us in managing spending money. Because our money is limited, so we have to manage it well, so we can leave
a little of our income for investment. Suggestions to buy first the items we need, after that we can buy one by one the items we want. Because
it is very important for us to be able to distinguish between needs and wants. The items we need are usually urgent and the items we want don't
matter if we delay buying them.

That is why we must have a plan, make a list of what we want to do, and try to get it to step by step. If we can save some money to fill the needs, I think it will help us get what we want. Maybe we can start with the primary things we really need and then move to the secondary things to fill. It will not be a problem if that thing becomes expensive after some time but I am sure we will have another option to select the other things with the same specification. We should adapt to the current situation and manage our money to be useful for our lives.

It really depends on the type of your needs, and ofcourse it is subjected for availability especially if it's newly released product.
I know, you do have a point about your post that delaying certain needs are bound to much expensive prices. But a delay is also good, take for example if you want or need something about your home equipments or furniture, you need to really weigh it if you really need it or it's just for your comfort or else you'd be buying out of rush even if you can live without it.
And about cars, there's no need to rush about that certain new model because you already knew it's quite expensive, a delay in those things means much because you can save much if you buy it sometime later.

Correct, besides there are so many nuances to it that giving general advice about how to buy things like that quickly seems impossible, a house is probably the most difficult item you can buy not only because it is very expensive but also because once you buy it you are tied to that location for a long time.

In the case of any other item you can quickly get rid of them or easily move locations if needed, this is not possible with a house, so if you pick the wrong location because you were in a hurry you will have to live there for a long time before you can sell the house or solve whatever issues you have with the location of the house, so when it comes to buying items with a very high price it is fine to take our time and if that means taking months or even years to take the decision so be it.

Very often, we are driven not by reasoned consumption, but by spontaneous desires or under the influence of external influence (advertising, "oh and she says that she bought herself this", "I also need it, I'm cool too," etc.). Oh yes, and also the desire to show oneself a "step higher", to create the appearance of wealth and prosperity
The first can be attributed to painful / obsessive states of uncontrolled consumption, the second to mental problems (complexes). How to deal with this? From a personal example - once in my youth, my wife and I constantly bought things for themselves. We rode around the world - bought, went to a nearby Shopping Center - bought things, saw online sales - bought things. Because we liked them, we could buy, we bought. Then it turned out that in the closet about 50% of the things that were not worn, and will not be worn. We did good and donated it to charities.
At some point, the thought came to me that it turns out that some of my earnings, and my wife, simply go nowhere. So I work, I strain - and this flies away to nowhere. I felt hurt. The conclusion was simple - either start to work less and earn to limit the budget, or ... I did not like the option to earn less The solution was simple - we agreed with my wife, if I liked the thing and just "itching" to buy - then we go to the "cut" and the "adapted" theory of Sakichi Toyoda's "five why". It is called "3 Why". If after 3 answers to yourself you still have a reasoned position why to buy - well, ok, buy. And if not, this amount was transferred to our general dedicated savings card. After a year of experimenting, we had a moderately full closet, and more than enough money to spend a few weeks at a fancy resort, without too much limitation! As a result, it turned out that you can reasonably buy, not throw away unnecessary or not litter the space around you, while forming a kind of financial cushion that used to turn into air!

PS Yes, but this does not mean limiting yourself in everything, saving all income and living on one bread and water! This is another road to nowhere. Often, such people do not have time to use their savings, as they do not have time to live efficiently and fully.

I always force myself to be living like a poor person because I am not wealthy and I still want to put money aside. I mean even when there is a big problem and I should not invest into anything, I still force myself to invest. Why? Because, I do have enough funds aside for "just in case" days, and yes I create debt, and I have problems, hell I would sell my car before I sell my coins, that is literally how much I believe them. This way, I do have debt and not living a rich person's life but I would not be rich anyway, so instead of being maybe below decent at best, I live a poor life but I end up with a rich man's bank account in the future.

If I had bad investment past then I may have focused on something else but I have made nearly 10x profit so far and that's proof enough that I could make a good profit, this is not just one day or two days neither I have been here for 8 years and made so much more profit before this one as well. Hence I believe that I will one day be a rich person thanks to living like a poor one now.

Not just in managing our finances, but be able to prioritize too our needs more than our wants. I think buying a house, a car, or any furnitures can wait, but not our basic needs because without them, we will no longer survive. We can still achieve our desires in the future by starting to save little by little today. At least you can put any amount on it as long as its not needed necessarily. But always prioritize those things that are basic and are needed for daily living.

Indeed. It is very important for us to know how to manage our finances for us to provide the things we needed for our daily living. I, myself don't think even buying my own desire first before buying things that my family needed. If you will think other people especially your family before thinking of the things you want then I guess your learning about it and it was the best decision Indeed.

There are really some instances that even if you have all the means, but knowing it will not be very necessary for you, then you should know how to balance weigh things well. Its not that once you have the funds, you'll eventually buy it before your money disappears. There are other things that we still need to consider like preparing for those unpredictable things that may happen anytime. I think its really basic for those people who are anticipating for the future's unexpected events, but for those who are used to lived thinking only at the present times, they will surely do things without thinking its future consequences.

Some of what you're saying is true - the basic idea that making lists is a useful aid (often preached by very successful people) but some of the things you describe are not necessarily right. "Buying a house" for most people requires saving up a deposit that can take years and even then, take a few months to close the sale. It is not something you should rush and is often the biggest purchase that people ever make in their life - not something to be taken lightly at all. Cars and even electronics can be frivolous items in many cases too, you might not need the super high spec BMW or teched out fridge that you first stumble upon so it's worth doing a good amount of research on these big ticket items or you can regret spending too much a few weeks later. List building should be thought of on a much smaller, day-to-day scale, not for these mega items.

If you dont know on how to balance in between your wants and needs then you would be fucked up in near future on the time that you do realize that you had already some problem with your finances thats why you should really be that wise on handling out your money
so that you wouldnt really experience any hardship or unfortunate events which would cause up on wrecking your life.

That’s true, but sometimes before you take such a step you should calculate between your needs and wants, because some of these things are not your needs, and that’s why you would probably be having a second thought about them. And judging from how much is in your pocket, if you feel that buying any of the things you have on your list would affect your financial stability at the moment, then it is best to leave it for and plan for it later. You can even decide to start locking a bit of money aside for that particular thing and when it is complete, you can then go ahead to pay for it.

I think wait for something like what OP mention is consider as a plan which we can take. I mean we don't need to hurry and cut that things off from our list because we can get cheaper and better. Not means i am not agree with OP, but buying something in hurry although we already have the money to buy it is something that can postpone, we can research more for other factor and can get better quality or any kind like that.

While I would like for our wants and needs to be more easily fulfilled this is not possible, after all as you stated many people have similar goals, this means that everyone is looking for the same, which means the competition for the things that you may want is fierce and if someone is not willing to put the effort necessary to achieve them then they will lose those very same things against someone else that is willing to do so.

This means that you either limit those goals on purpose to make them easier to achieve for you, work harder to get them or accept the possibility you could not reach your goals, something no one wants to think about but which is common as not everyone is able to achieve what they want for their lives.