Topic: Having a problem a Personal Finance? - page 3. (Read 1340 times)

Many factors make some person still have financial difficulties, not all problems are about indiscipline in managing finances, but most still have family responsibilities that make them have to set aside their income and cannot control their finances better. Its not important which one related book financial have to read but in the reality, we needs spent and help our family first before controlling our self financial be better at the future. Some time environment make us difficult controlling with good financial and we are spending much money for not really important thing until realize one day later after losing all from money until working.

Personally, for some one still have passive income from working need smart spending their salary, spend few percent for saving assets and hold it in investment kinds keep increasing up in the future and use half for helping your family.

I got an important additional lesson tonight from two people who are figures on this forum, wow and you conveyed it so deeply and gently that it was very easy to understand.

Sometimes emotional situations can really mess up the brain structure because pressure will change all thoughts and hearts to become sad and confused about what to do to solve a problem, this is where the opinion of other people is important in various ways of conveying it, it will be very useful for messy situations, especially financial problems that are very sensitive to emotions, sharing understanding will be a very useful alarm to guide us back to the path we should be on.

Sometimes we can find ourselves in unexpected situations that can disrupt our finances a little. Even at one point an emergency can also make someone give up on managing finances. Because when someone goes to great lengths to collect money but then has to use it for things they didn't plan beforehand. So this can make someone feel a little down and lose motivation to collect money again with good management. The location of this problem is actually quite simple. namely because we didn't prepare an emergency fund from the start. If we prepare for emergencies from the start then we can still face unexpected situations calmly. Many people know about the importance of having an emergency fund. But the reality is that very few actually prepare for it.

.
I will say their is no permanent formula to success if their was any formula every one would have become successful,  what op is professing is a good thing to practice,  it can help but it doesn't mean if all this things is practice one must definitely succeed. Attaining Success comes as a result of good effort we put in everything of life, success can be Derived from passion and hardwork. Most times the main reason why it is too difficult to be financially successful is because the kind of government we have in the society.

Giving up will further complicate our own circumstances or conditions in life, especially when it concerns money that must be kept looking for every day by not stopping working. I also think that money will not come by itself without work being done, so I personally don't think about giving up because up to now I still have to work to make ends meet and to become more independent in my life. Because working is a better choice, while giving up is a very bad choice for anyone.

Sometimes smart thoughts from other people are needed in order to have motivation and enthusiasm at work, but everyone must also have their own thoughts in carrying out each job, both in managing time and also in managing their finances for life. Because advice from other people is only an initial guide, while the method we carry out ourselves is part of the important things that must be there from the start.

it is available everywhere in interne tnow so the is no reason you cant find , not like in the past that you have to be in Library to find books.
but choose which threads and people you will follow and listen or else you will go sideways.
correct, videos that we faces daily will add flavor to our plans and decisions.

How many smart thoughts you have. I liked it very much. "I don't know how to give up")) Incredibly wise saying. I need to take note of it and remember it every time there is another failure in my life at the expense of financial resources.
For quite a long time I can’t get out of the money hole, but this doesn’t scare me, because I understand perfectly well: if I stop, it won’t get better.
So you have to start all over again over and over again. How else if there is no other choice? This is only hope for their own strength.

I completely agree with you. There are a lot of instances when what we all need is a good reminder or a shove in the right direction from other people. Yes, others may not fully know what our situation is and what factors are involved in what we are facing, but there are times when the advice or opinion of others serves as a good reminder of the things we are forgetting. You see, more often than not, when we are facing a problem or in the midst of a sticky situation, we usually get so clouded by pressure and emotions that we forget some of the things we know and that leads us to also forget what we should be doing to resolve the bad situation, hence if we ask for others' takes on our situation (even with limited information or details about it) we find ourselves being reminded of the possible steps we should be taking, it gives us a good moment or realization. "Ah, right. There's that." Personally, I often find myself in those scenarios, especially if I am faced with a really stressful situation I panic and forget what I'm supposed to do to solve the problem but with a good nudge and reminder from others just from their simple opinions I find myself getting back on track.

Of course, no one really understands what the financial situation we are experiencing, only ourselves who know it well. So, what the best solution for our financial problems, only we who understand it. However, some suggestions from other people can give the alternative solutions. There is nothing wrong if we try to consider the suggestions from others. Although in most cases, the financial problem may come from the lack of income. But it also may be caused by the wrong management of the financial. Or our life style also can influence the financial problems. Sure, there are many factors can be involved, it is quite complicated sometimes. By having some alternatives solutions, we can adjust which ones can be applied for the solution. In a certain situation, sometimes it is difficult to know the solution ourselves if there is no other helps. 

I've been experiencing the same issue of having a good cashflow and then there's an emergency that happens afterward that causes most of my funds to go into it and doesn't have a savings Again this situation always happens. To break the cycle I the increased the number of savings and watched videos what are the mistakes I've made in my decision so I can easily manage what are things need to avoid and do to make sure I can easily manage my money.

It's good too if you have a good network of business minded and successful man so you can learn from their experience. Currently, I'm attending a seminar on how lifestyle inflation matters.

Absolutely, when you consider the points raised by the original poster, it essentially boils down to a path of self-education for success. Self-education for success is no easy feat. What truly propels someone's rapid development is their real-world environment and how effectively they adapt their interaction style with others.

Hanging out with the business community can serve as a means to toughen your mindset, where you'll gauge the perseverance of successful entrepreneurs on their journey to the pinnacle.

We must become accustomed to their lifestyle and understand their business acumen. The most straightforward approach to becoming like them is by observing their activities, emulating them, and modifying those activities to align with our own character.

Only one that can be annulled is included in the category, but that's not necessarily the same as reading byuku can improve finances completely in a nutshell, reading takes a long time to understand the essence of what is conveyed and its application also requires time and capital, so it can't be assess that after reading one book you become a person who can manage finances, then we turn it around again we can understand money management but our finances are limited or it is difficult to get more income than we need then we will live by standards in general in class, but I am enough believe that income will go hand in hand with knowledge and ability, so increase it to increase the source of financial flow.

To be honest, only the person himself understands what the financial situation is like. If you look at what the OP said, there are many factors that influence finances, but the focus is more on spending which makes the discussion seem only for those who have income that can be calculated more. from having enough for their needs but not being able to manage it well, but this becomes unable to see that each person has different conditions in their case which makes the conversation unable to look fair on financial matters, which makes it complicated to draw one side from the other.
You must have read/heard or have experience in talking about finance both in earning income or managing expenses, you don't have to have a complex formula to solve problems, but maybe your knowledge and suggestions can be useful for readers here, sharing a little knowledge is much better .

That's right, we must realize that there are other things that can make someone experience personal finance problems like the one being discussed here, they cannot manage finances because their income is very low, even far from enough, you are right maybe it is only enough for outpatient treatment when they are sick but on the other hand they also need to then and drink. So how can that person manage their finances if what they get is not enough for their life at all. Yes, it's because it's difficult to find additional income, especially in this difficult time, I think you also know that many people now feel difficulties in anything, especially money. So with that alone I think it's normal that they don't have a good income.


Honestly I will not corner them to do this, because obviously they will not be able to because their money is limited and far from enough for their lives. I will only suggest this for people who have good luck in terms of their finances, but as the title above they can't use it well at all, and obviously that's only for them.
So we have to know that everyone has different needs, it could be that those who are not financially well-off have a heavier burden than others in the midst of their income which is far from enough. and honestly I don't really have the right formula for this problem. But I will say that they should remain grateful and enthusiastic to improve their finances.

Wow, that's such a profound advice OP, I am pretty sure that even if people follow what you're professing, it's not going to make anyone successful to a certain degree. The advices are generalized and pretty shallow imo because anyone can do all that and at the same time this aren't even a part of the formula to be successful in finances except the reading books about personal finances part and even that is flimsy at best because what could've worked for that person, it might not work for you.

I can't count how many times I have started over again, people say failure is not an option but the truth is failure is how we learn and if we are lucky to battle by standing up again we become better at what we do.

There are businesses I've started with the hope of getting a better life and it crumbled, I tried other things and the same thing happened, the only reason why I am still standing now is because I don't know how to give up.

Many people believe that road to success is the hardest but most people can't even maintain their present gift, even if they manage to get to better places there is a chance that they will fail and return to their old life again.

Managing wealth is even harder than trying to make a better change in life, when that change comes it's your duty to lock all doors to make it stay and live with you until your death time comes.

Fulfilling your needs and exercising financial discipline is indeed a good thing and must be done, but what happens if the financial problem is not due to spending or spending arrangements, but rather because of a lack of income, what you mentioned is not useful because of course among people who have financial problems are not in what they want to buy but in the amount of their income, which on average is less so which arrangements are appropriate to implement, if in a situation you need money for outpatient treatment but you also need to eat and drink, what discipline? which must be taken into account in this case.

I think you misunderstood OP.

What he meant by that is that, no matter what you do, there's seems to be no progress in yourself, since you can't budget your own salary due to overspending. And financial problem is not only for those who have so much money but doesn't know how to spend it properly. It is for people who does have a problem on budgeting their salary for their bills, it's either not enough because of being underpaid, due to overspending in their wants or they don't really have the privilege to earn a decent salary to sustain their needs.

Allocating money on things starting from the most important is what must be done. Like prioritizing primary needs. And the rest is new to secondary needs. This is necessary to ensure that basic needs are always met properly. And only spend money on things that are really necessary and avoid spending on things that are not really necessary or are just fashion. But all of that cannot be done if someone does not have self-discipline in managing their finances. and you are right that financial discipline is the main thing you must have.

It's really difficult to start over from scratch on your own, and since that doesn't happen to anyone anymore, I agree with number [c]: surround yourself with people who have a positive outlook on life. This can really help a lot, and I think it has helped many of us in life. How would someone benefit from this platform if he is unaware that this forum even exists? Apart from this forum, there are many other ways to learn more about financial difficulties and how to overcome them in order to succeed, but I am aware that people who are aware of this forum's presence benefit greatly from it.

What about someone who is caring a family responsibility, how is it going to help him? and wants to read books? As a responsible person, you should always give to your family; there is nothing wrong with it; all you need to do is keep working hard and praying.

Lack of discipline in spending money is one of the main causes of always lacking money when needed. The root of the problem is in oneself how to manage money with discipline, responsibility to the family cannot be used as an excuse because it is the duty of the head of the family to finance all their needs. Need to introspect yourself when facing financial problems, where the money has been spent so far, if some of the money is spent where it is not really needed, it is necessary to make changes so that the money can be allocated as future savings.