Having a problem a Personal Finance? - page 11.

Wakate

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Quote from: Cryptomultiplier on August 25, 2023, 03:00:17 PM

Financial problems is always going to be expected. The poor, the rich, all have this problem in common but in different dozes.
I don't think this forum does more on financial education except for the fact that it encourages us to do more with decentralized finance and invest in BTC to get better outcome.

The solution to financial problems is better solved with having a clear thought on ones life and dealings. Where one is able to pinpoint money wasting habits and get more disciplined in trying to learn and enforce new financial habits, this aspect and their life in general, improves drastically.

Financial problem is not something that we can get over like the without thorough thinking and working with experience people around that can help to make life easier than what it was before.

Sometimes we may not even need financial advise at the moment. What we may need is how we position our business. We don't need to establish business we people around can not afford to patronize the business. Location can help a business grow very fast and if we don't get a better place for our business, we may miss customers that are supposed to patronize our business.

Hamphser

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Quote from: Mr. Magkaisa on August 25, 2023, 01:18:29 AM

- You, yes, you. Are you tired? Can't make progress? Or every time you move forward, something bad always happens? Are you in a situation where you have to start from scratch again? Where does your problem start? in money? Why do you always have no money? Is it because of your responsibilities for your family or because you just don't have spending discipline? It is important that you know what the root of your problem is? Maybe the reason you are not making progress is because you spend a lot, so every time you have an emergency, you move your savings? Or sometimes you can borrow a cape. How to handle money What is real personal finance? What do you have to do to learn it? There are some things that can help you in this matter, and some of them are:

[a.] Read books related to personal finance.

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

[c.] Watch videos that can give you inspiration to become better. And mingle with people who have a positive outlook on life.

[d.] Have common sense
[e.] Avoid yourself in getting close with rich people or someone who do spend out like hell
[f.] Dont be envious on new trend and new things around

You wont really be that having a problem if you are really just that mindful in regarding about your finances. Always have that saving or emergency funds so that in times like this that would happen
then you wont really be that able to struggle since you have already allocated funds in regarding on the situation. It all matters with the management you do have and to those suggestions above.
Yes, its the most common one but applying it onto yourself is the toughest thing or challenging at all and wont really be that so simple. Just like been mentioned that
having your own common sense would really be that enough for you to tell whether you are still doing fine or you are already crossing the borders.

Cryptomultiplier

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Financial problems is always going to be expected. The poor, the rich, all have this problem in common but in different dozes.
I don't think this forum does more on financial education except for the fact that it encourages us to do more with decentralized finance and invest in BTC to get better outcome.

The solution to financial problems is better solved with having a clear thought on ones life and dealings. Where one is able to pinpoint money wasting habits and get more disciplined in trying to learn and enforce new financial habits, this aspect and their life in general, improves drastically.

rachael9385

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I don't think that the section b is a good one because on this forum we give advise for Bitcoin and other important things related to everyone is not that this financial issue is not important but since is a personal something to you, you just have to share it and wait for people to give you advise on how to go with your financial situation, like if you check the forum very well you will not find any board named finance board that's because is a personal something and not general, since bitcointalk is not the best place to share your personal financial situation you should just go and visit a therapy or get a special adviser to guide you on how to progress in anything you do, the section a and c are good ones to take they might help in some critical situation like that but not all situations.

goaldigger

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Quote from: Mr. Magkaisa on August 25, 2023, 01:18:29 AM

[a.] Read books related to personal finance.

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

[c.] Watch videos that can give you inspiration to become better. And mingle with people who have a positive outlook on life.

This me right now, and despite of the challenges and problem both financially and mentally, I’m still thankful to have this forum where you can freely share your thoughts and learn at the same time. I think we will all experience financial problem at some point of our life, this is a big challenge that we should surpass in order for us to become a better person, we have to be more wiser next time.

so98nn

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Personal finance is a very personal thing and no one can really explain about our own finances except we ourselves. Imagine we are talking with a friend about our problems and they start giving their own advice that is based on their own personal experiences. The problem in this situation is, not our friend but his experience which could have been really based on the entirely different situation in which I might be. This way I might get a lesson about what to do and what not but it may not solve the problem with 100% capacity.

The only way is to go with the books as you mentioned. The second thing we can do is have personal experiences and "expert advice". What I mean by that is, go and visit a qualified person in the finances, for example, an accountant or accounting firm, and then discuss the whole thing. Without that never put a wrong footstep anywhere.

Mate2237

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Quote from: Mr. Magkaisa on August 25, 2023, 01:18:29 AM

- You, yes, you. Are you tired? Can't make progress? Or every time you move forward, something bad always happens? Are you in a situation where you have to start from scratch again? Where does your problem start? in money? Why do you always have no money? Is it because of your responsibilities for your family or because you just don't have spending discipline? It is important that you know what the root of your problem is? Maybe the reason you are not making progress is because you spend a lot, so every time you have an emergency, you move your savings? Or sometimes you can borrow a cape. How to handle money What is real personal finance? What do you have to do to learn it? There are some things that can help you in this matter, and some of them are:

[a.] Read books related to personal finance.

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

[c.] Watch videos that can give you inspiration to become better. And mingle with people who have a positive outlook on life.

Op I was thinking that you have your own personal financial help to people that need it and unknown to me that you are talking about referral financial help. What of those who cannot read and write, what will you say about them? If I will also give my suggestion on this topic. I will say, if you want to help someone to gain financial freedom, first of all, you have to ask the person what is that thing he or she like to do. Then advise the person with different books, journals and other reading materials. Then give the person a capital to kick start the business he has told you. Or you registered him to the empowerment scheme he wants to embark upon.

With that, you have helped the person financially stable and also help the society. And I am not disputing your 3 points to liberate someone from financial backwardness.

Lorence.xD

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Actually if you surf a lot in the internet those advices and tips would eventually come to your feed such as financial videos that are really helpful some are for entrepreneurial. You can learn online if you don't want to spend money on buying books or attending some meeting about financial then it's a good alternative. Cause it's really hard to manage money especially in this era where inflation keep increasing every year. If you don't have any idea on how you can budget your income, salary, essential needs and bills, for sure you won't survive.

Simple knowledge is actually powerful, do you wonder why some people could live comfortably despite that their income isn't that high? Cause they know how to manage, I myself I confess that I'm not really good at managing money so my wife helps me to it. Because I know her well when we were just a girlfriend and boyfriend, you would just wonder why she can have money like for emergencies. She's involved at money changer job so she's really good at handling money.

Lida93

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Quote from: virasog on August 25, 2023, 02:41:14 AM

Quote from: Mr. Magkaisa on August 25, 2023, 01:18:29 AM

- You, yes, you. Are you tired? Can't make progress? Or every time you move forward, something bad always happens? Are you in a situation where you have to start from scratch again? Where does your problem start? in money? Why do you always have no money?

Are these problems really related to finance Huh

Finance problems happen when you have enough money but you are unable to manage it properly.

Not exactly only when you have enough money but unable to manage it, financial problems also encircle not having enough money yet not been able to optimally maximize that insufficient money too.
Both that man that has enough and the man that has not enough but can't manage it well are both suffering from financial problems.

Quote

[a.] Read books related to personal finance.

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

Number[1] will be more effective than the number[2] this is because those books on solutions to finance related problems are professionally writing down, to tack specific financial issue based on research study and experiences of scholars in the field and not some random suggestions to resolving financial problems as may arise from members in the forum which can get the person seeking for a solution to a certain financial problem get confused by the contradictory suggestions that will be giving by different forum members.

Unbunplease

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Quote from: bitzizzix on August 25, 2023, 08:24:38 AM

It may be subjective, at least you need to know your income, expenses, assets and liabilities. For more details, you can read the book Cashflow Quadrant by Kiyosaki.
All you need to do is check or fix what's holding you back from managing your money well, and don't let your expenses exceed your income.
and make it a habit to record what you will buy and use it to fix which ones are important and which are not important and this is very important. And make it a priority to save even a small amount for your reserve fund, preferably if you have some left to invest.
Even though this seems natural and should be owned by everyone, in reality there are still many people who don't understand or don't care.
and read books or anything that can help you financially including watching the YouTube channel, but it has to be one that is trusted and can really help you.

You have to agree, it's hard to live by a plan right now. Sudden sanctions, a sharp rise in prices, and changes in laws often make a mess of a solid plan. And needs often arise unexpectedly. Therefore, it is easier to put aside any percentage of income and try not to touch the stash.

odunybiz

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Quote from: dothebeats on August 25, 2023, 04:23:58 AM

I completely agree with a and c, but with b I'm not so sure about. For letter C, it still depends, and should be careful regarding what videos to watch and who are the proper people to surround yourself with. Lastly, the thing with b is that the forum can get pretty opinionated so unless there are sources listed then I suggest doing your own research yourself.

Sometimes (a) self doesn't work if there isn't an enable environment for you to practice what you have read. (c) can work out as mingling with people with positive mind can help you to solve some financial related problems.

bussybuddy

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[a.], [b.] , [c.]
These things I believe most of us will experience in search of loneliness, it is true that life is not always going to have difficulties appearing that make us feel tired, but what I experience, it gives an impetus to try to overcome. It would be great if there were people around to accompany and share those difficulties, but if I was alone, this would also require me to try harder, I always know my personal mistakes before finding a solution to the problem we are facing, personal finance is almost an important thing for us to develop ourselves more, so building the basics from scratch and seeing the lessons learned of everyone to contrast the journey we are experiencing.

Iroh

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Yeah, knowing the cause of the drain in you finances is a step to stopping that drain. People could read books about personal finances all year round and still won’t see any difference in his finances. Reading alone won’t do much but applying what you’ve understood to your own situation.
The forum mostly focuses on Bitcoin related news but also allows room for other discussions. So I think there could be better places to learn all about how to make better financial decisions.

Personally, I don’t see inspirational videos as anything that could help someone become better with finances. Hanging around people who has good realistic plans as well as better control of their finances would make more of an impact than watching inspirational videos and stuff.

Jating

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Quote from: Mr. Magkaisa on August 25, 2023, 01:18:29 AM

- You, yes, you. Are you tired? Can't make progress? Or every time you move forward, something bad always happens? Are you in a situation where you have to start from scratch again? Where does your problem start? in money? Why do you always have no money? Is it because of your responsibilities for your family or because you just don't have spending discipline? It is important that you know what the root of your problem is? Maybe the reason you are not making progress is because you spend a lot, so every time you have an emergency, you move your savings? Or sometimes you can borrow a cape. How to handle money What is real personal finance? What do you have to do to learn it? There are some things that can help you in this matter, and some of them are:

[a.] Read books related to personal finance.

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

[c.] Watch videos that can give you inspiration to become better. And mingle with people who have a positive outlook on life.

For me though, even you have read all the books on how to gain financial freedom and learn a lot from this community, if you fail to execute it then there's nothing that you can do.

So it's just a matter on how you will apply the knowledge and the tips that you have read and learn from youtube videos. For example, how to get out of credit card debts, there are a lot of youtube videos about it and so if you are in this predicament then it's better to follow what's those financial experts are telling so that you can get out of it and be financially motivated in the future and then invest on cryptos.

bitzizzix

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It may be subjective, at least you need to know your income, expenses, assets and liabilities. For more details, you can read the book Cashflow Quadrant by Kiyosaki.
All you need to do is check or fix what's holding you back from managing your money well, and don't let your expenses exceed your income.
and make it a habit to record what you will buy and use it to fix which ones are important and which are not important and this is very important. And make it a priority to save even a small amount for your reserve fund, preferably if you have some left to invest.
Even though this seems natural and should be owned by everyone, in reality there are still many people who don't understand or don't care.
and read books or anything that can help you financially including watching the YouTube channel, but it has to be one that is trusted and can really help you.

Gozie51

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Quote from: Mr. Magkaisa on August 25, 2023, 01:18:29 AM

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[c.] Watch videos that can give you inspiration to become better. And mingle with people who have a positive outlook on life.

This is a better idea to me. Reading books on finance appears more frictional like romantic novels. In terms of finance, we need more practical solution so watching people narrate their stories themselves and showing you the practical steps they took to get out of it will encourage you to also try it out. And the other part which is to hang out with like minds can also lift you up. One thing about hanging out is it takes you away from the challenge you are going through and you can be rejuvenated with fresh ideas on how to tackle challenges.

hyudien

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Quote from: Mr. Magkaisa on August 25, 2023, 01:18:29 AM

[a.] Read books related to personal finance.

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

[c.] Watch videos that can give you inspiration to become better. And mingle with people who have a positive outlook on life.

Often I hear motivators who claim to be on behalf of someone who has achieved more success than anyone else in financial matters. But in fact living up to the points you mentioned is not as easy as writing on paper. The reality of various people's problems cannot be summed up just by reading books and watching motivational videos. Do you just watch or read financial motivator books? but forget to face the real conditions in the environment. That is the root of the problem, always daydreaming about other people's careers and success but not developing potential that can actually be put to good use.

Focus on sweet words, even though the process that goes through between you and other people is very different. For example, you come from a rich family and then become a motivator so that other people follow the process you are going through, until whenever it will not materialize.

Marvell1

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Quote from: joniboini on August 25, 2023, 03:15:14 AM

Quote from: Mr. Magkaisa on August 25, 2023, 01:18:29 AM

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

Most tips shared around here are related to how to secure your crypto. I don't think you'll learn how to manage your finances like how much you should allocate your money for saving and investment unless you're fine listening to some random user opinion. Just a few days ago somebody replied to a thread saying that they should never sell their Bitcoin until the price hit $150k or more. Are you sure that is a good advice? There are tons of other suggestions like this. I'd rather not use this forum as my primary source for financial learning.

There are still a lot of non-crypto related topics discussed on the forum but the opinions shared here are mostly the feelings and thoughts of each person. There are even people who have never experienced it and have no knowledge of it, but they still make silly opinions and try to justify that it is true. I still enjoy being active on this economy board as there are also quite interesting topics but to be honest, there aren't too many good tips shared here for me to learn and apply. If we want to discuss economics and finance, the forum is not the ideal place.

rat03gopoh

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Quote from: Mr. Magkaisa on August 25, 2023, 01:18:29 AM

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

Not all financial tips can work for someone's problem. Bitcointalk is a pseudonymous forum, without introducing your preferences, you can also give theoretical tips as if you were a financial expert. But how come people expect practical tips, without you knowing the level of someone's problem may be worse than you think.

Doan9269

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I will always want us to deliberate precisely on other constraints affecting our financial economy which we are not giving adequate attention, some problems are personal challenges from the individuals, some lack good organizations, orientation, adaptability, resilient, foresight and other skills and technical knowledge of finding solutions where applicable in an economy and if this is not achieved as desired, it will definitely affect our finances in what we do to earn a living and meet up with demands,

Topic: Having a problem a Personal Finance? - page 11. (Read 1262 times)