Having a problem a Personal Finance? - page 5.

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Quote from: Mr. Magkaisa on August 25, 2023, 12:18:29 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.

It's one thing to berate people and another to give them useful advice. Some people are ultimately just stuck in a rut and have very few options available to them. While it is a good idea to read a variety of finance books - be sure not to get stuck too much on one particular topic, like autobiographies of other rich people who might have wisdom but it may not apply practically to your situation. Frankly, unless you're actually making money in some way from this forum, you could argue that there are much better ways to be spending your time which could be making you more money, rather than procrastinating on many unrelated topics. One other thing is, be sure to evaluate your outgoings because often an easy way to save money is to identify areas of waste and cut that out first.

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Quote from: BRINIRHA on August 30, 2023, 01:10:29 AM

Quote from: Raceonsucced on August 29, 2023, 11:35:31 PM

Reading books can indeed increase knowledge and there is a lot of motivation contained in it, especially for money management. But what must be applied first is to be disciplined in financial management. Watching videos can also increase knowledge, then the bitcointalk forum doesn't all explain about managing finances. The most important thing is to apply discipline and make rules for managing your finances.

The point is that learning in theory from books, watching videos or from discussion forums is just as important. But what is more important than all that is that we also have to recognize which types of needs must be met immediately and which needs we can set aside. That is, we must be able to distinguish between basic needs and additional needs. Now that we know all of that. Only then do we start managing finances by prioritizing meeting basic needs and reducing additional needs. We also have to set the limits of our financial capabilities and start making formulas so that we can still meet our living needs but we also have to have money left over that we can save or invest.

The issue with both books and instructional videos is that they are often purely theoretical and cannot be applied in practice. Generally, I'd like to agree with all three options made by the OP; however, not everyone is capable of reading books. Personally, I struggle to be concentrated on reading a book; my mind simply wanders off after some time. I don't know if it's ADHD or something. Moreover, not all books provide you with accurate information, but this rule applies pretty much everywhere. In summary, books are a great choice if you're up to reading; there are many out there from successful writers.

The forum, on the other hand, does have some useful content, but you need to filter it; not everything here should be taken into account. This also applies to YouTube and other social media, which are filled with self-proclaimed entrepreneurs who are usually reiterating common and outdated knowledge that can be found with a simple Google search or are simply trying to lure victims into paying them or inviting them to their pyramid scheme.

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Quote from: topbitcoin on August 30, 2023, 10:27:03 AM

Quote from: Sebas.tian on August 30, 2023, 01:21:01 AM

Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life

Yes.. maybe it's true what you said by reading books can get you out of financial problems because there is motivation and solutions to rise from adversity. However, this must also be proportional to the effort you put in, lest your preoccupation with reading books can make you a bookworm who only reads without action as a form of implementation of all the knowledge and theory you learn.

I appreciate people who dare to take action even though their knowledge is not sufficient and only have experience as a learning medium. Compared with bookworms who just stay silent.

You can't just keep reading a book over and over again even though it has motivation in it, what I mean is that we also need to take definite steps, so I agree with you on this.
For example, we keep learning how to build a good business, but in life we never take any definite steps to make it happen, will the business we dream of ever materialize? I will say emphatically that it will never materialize.
Do not just theorize, but we must also practice it. This is precisely what should be an advantage, because there are still many people out there who step by capitalizing on the experience they have. Readers have a plus in this regard, because they have motivational quotes and strategies from the books they read.

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Quote from: Mr. Magkaisa on August 25, 2023, 12:18:29 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.

We really need to implement the three points that you conveyed. However, people who experience financial problems are usually very different, sometimes they have a lot of money but are unable to manage it, and sometimes they don't have the money to manage their finances.

But personally, I will always save every day, no matter how much I have to set aside to save. I have my own standards regarding what percentage I should save. If I get more money, I will use it to invest in bitcoin. Saving is a top priority. After that, I don't have to worry about spending my money because I know I've saved. I cannot touch the money that I have saved and invested at all, unless it is urgent or there is something that can make me happy and I really want it. In essence, the money that comes out must be smaller than the money that is saved. Remember!!! True wealth is not about how much income you earn! True wealth is about how much money you save and invest for the future!! I can be like this because I got this knowledge from the three points you mentioned.

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Quote from: Sebas.tian on August 30, 2023, 01:21:01 AM

Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life

Yes.. maybe it's true what you said by reading books can get you out of financial problems because there is motivation and solutions to rise from adversity. However, this must also be proportional to the effort you put in, lest your preoccupation with reading books can make you a bookworm who only reads without action as a form of implementation of all the knowledge and theory you learn.

I appreciate people who dare to take action even though their knowledge is not sufficient and only have experience as a learning medium. Compared with bookworms who just stay silent.

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Quote from: bayu7adi on August 29, 2023, 03:43:06 PM

Not everyone may find it feasible to implement all the suggestions provided by friends here. However, it's important to bear in mind that each individual bears the responsibility for their financial circumstances. Every person possesses a survival instinct and is bound to seek input from others' perspectives. Absorbing a multitude of advice can indeed be perplexing, yet a prudent person will sift through these recommendations to advance into the trial and error phase.

Human beings are social creatures, and the notion of solitary existence eludes us. Navigating life becomes considerably smoother when in the company of fellow humans.

That's the problem and if someone is unable to see a match process that can be applied to him, then how can someone achieve the success he wants to get. There's nothing wrong with advice or input from many people, it's just that encouragement and if someone can't improve their self-skills no matter how much advice and input won't be useful either. In my opinion, what we need to do is look at what opportunities and businesses are suitable for us to run and can make the business grow much more.

Methods and skills in running a business are not formed from books or advice from people, but we get them from the process of practicing them directly. So at this stage a way is needed so that someone does not experience losses when building a business and working in someone else's place is one way to avoid losses based on lack of experience.

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Quote from: icalical on August 30, 2023, 08:23:01 AM

I read several books that talks about personal financial planning, but it just doesn't work for me, and after few years I surf this forum, it doesn't really help me much regarding personal finance, tho it help me get better financially since I got many customer from this forum, lol, there are only one or two financial lesson that I think I can use, most of discussion in this forum are talking about global and macro economy.

I am more interested in the last point, learning from people experience about their financial struggle and how they manage to solve it is more interesting.

Maybe the books you read didn't absorb their content, and you didn't apply it 100%. Or what book are you talking about that you read? Is it a book by Robert Kiyosaki? or other well-known financial authors? Sometimes we humans just love to read, but we lack implementation.

Yes, we are there. Every time we read, we get an idea or knowledge from the experience of other authors, but we don't have it in our minds to do it completely, or sometimes there is still a doubt or question about whether we can apply what we read.

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I read several books that talks about personal financial planning, but it just doesn't work for me, and after few years I surf this forum, it doesn't really help me much regarding personal finance, tho it help me get better financially since I got many customer from this forum, lol, there are only one or two financial lesson that I think I can use, most of discussion in this forum are talking about global and macro economy.

I am more interested in the last point, learning from people experience about their financial struggle and how they manage to solve it is more interesting.

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Quote from: Sebas.tian on August 30, 2023, 01:21:01 AM

Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life and family, because I have seen many investors who dedicated their precious time in this Bitcointalk forum just to acquire knowledge of Bitcoin, and they are among the wealthy investors in their community. Do everything possible within your capacity to get a good job so that you can start saving money against bearish season, which is the best season many people in the society use to invest in Bitcoin so that when the price increase higher they can improve financially in the society. There are some Bitcoin video you will watch for social media, it will add more talents to you in a way you will become a good investor in the community.

If you do not have will and a specific plan for your life, even if you read 1,000 financial books, it will never help you escape poverty, let alone help you become rich. If you just read books and become rich, tell me, why are many people who graduate from college still unemployed or still have to work in non-major jobs with low income? Knowledge is extremely necessary and important, but more important is how you apply it to life to create results. Don't just think too simple, just read financial books and you will get out of poverty.

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Quote from: Fuso.hp on August 30, 2023, 01:59:14 AM

Quote from: Sebas.tian on August 30, 2023, 01:21:01 AM

Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life and family, because I have seen many investors who dedicated their precious time in this Bitcointalk forum just to acquire knowledge of Bitcoin, and they are among the wealthy investors in their community. Do everything possible within your capacity to get a good job so that you can start saving money against bearish season, which is the best season many people in the society use to invest in Bitcoin so that when the price increase higher they can improve financially in the society. There are some Bitcoin video you will watch for social media, it will add more talents to you in a way you will become a good investor in the community.

If people's thinking is such that people must become more skilled about a certain subject, then people can know enough about certain subjects, but those who have no interest in knowing will not know at all. The suggestions you give those who are interested have already started watching various investment videos or reading various books to become more proficient in Bitcoin but those who are not interested in this subject will never do these things no matter how much advice you give. With skills and experience valued everywhere, you're sure to find success in whatever you're experienced in. So if you focus on a task you should finish that task completely and do another task in which the task you do will be better.

People put all of their effort into improving their skills once they make that decision. They're really immersing themselves by watching films, reading books, and so on. For those who don't care? No amount of guidance will be able to change it. Believe me, I've seen it

You advise concentrating on one task until it is finished. Excellent, excellent thinking. But multitasking can be necessary at times in the fast-paced world we live in. And that's also alright. You are correct that talents and experience are appreciated. You know, though, what else is valued? Adaptability. Flexibility. ability to change course as necessary. That's how you win. We must stay ahead of the curve and not be experts in just one field because the world is changing. We must be nimble, observant, and constantly alert. The real secret to success is that

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Quote from: Fuso.hp on August 30, 2023, 01:59:14 AM

If people's thinking is such that people must become more skilled about a certain subject, then people can know enough about certain subjects, but those who have no interest in knowing will not know at all. The suggestions you give those who are interested have already started watching various investment videos or reading various books to become more proficient in Bitcoin but those who are not interested in this subject will never do these things no matter how much advice you give. With skills and experience valued everywhere, you're sure to find success in whatever you're experienced in. So if you focus on a task you should finish that task completely and do another task in which the task you do will be better.

The point is, if someone or some people have their own interest and there is no coercion at all from other parties to start investing, then more clearly for those who have their own interest I think they must also have the intention to learn it. That's very different from some people who come with coercion, maybe you understand what I explained. Those who come under duress will not fully learn it because in their hearts they are not that interested. That's right, any advice that comes to them will probably have no effect. So the point is that in any field, only those who have their own intentions in their hearts will really study it, and of course the results will be different. So in fact, someone who studies it sincerely will be different from someone who studies it under the coercion of others regarding the results.

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Quote from: Sebas.tian on August 30, 2023, 01:21:01 AM

Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life and family, because I have seen many investors who dedicated their precious time in this Bitcointalk forum just to acquire knowledge of Bitcoin, and they are among the wealthy investors in their community. Do everything possible within your capacity to get a good job so that you can start saving money against bearish season, which is the best season many people in the society use to invest in Bitcoin so that when the price increase higher they can improve financially in the society. There are some Bitcoin video you will watch for social media, it will add more talents to you in a way you will become a good investor in the community.

If people's thinking is such that people must become more skilled about a certain subject, then people can know enough about certain subjects, but those who have no interest in knowing will not know at all. The suggestions you give those who are interested have already started watching various investment videos or reading various books to become more proficient in Bitcoin but those who are not interested in this subject will never do these things no matter how much advice you give. With skills and experience valued everywhere, you're sure to find success in whatever you're experienced in. So if you focus on a task you should finish that task completely and do another task in which the task you do will be better.

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Quote from: Mr. Magkaisa on August 25, 2023, 12:18:29 AM

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?

It may just be where you stay and how bad the country is economically. If the cost of living is high and exceeds what you earn, there will be no way to be able to keep money as well as you could. Trying to keep money in such places, will mean that you are really staying deficient in another aspect of life like making skipping meals, or not eating well. Reading books and watching videos on financial intelligence can be helpful, but as you do so, still look for ways to increase the amount of money you have for expenses.

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Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life and family, because I have seen many investors who dedicated their precious time in this Bitcointalk forum just to acquire knowledge of Bitcoin, and they are among the wealthy investors in their community. Do everything possible within your capacity to get a good job so that you can start saving money against bearish season, which is the best season many people in the society use to invest in Bitcoin so that when the price increase higher they can improve financially in the society. There are some Bitcoin video you will watch for social media, it will add more talents to you in a way you will become a good investor in the community.

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Quote from: Raceonsucced on August 29, 2023, 11:35:31 PM

Reading books can indeed increase knowledge and there is a lot of motivation contained in it, especially for money management. But what must be applied first is to be disciplined in financial management. Watching videos can also increase knowledge, then the bitcointalk forum doesn't all explain about managing finances. The most important thing is to apply discipline and make rules for managing your finances.

The point is that learning in theory from books, watching videos or from discussion forums is just as important. But what is more important than all that is that we also have to recognize which types of needs must be met immediately and which needs we can set aside. That is, we must be able to distinguish between basic needs and additional needs. Now that we know all of that. Only then do we start managing finances by prioritizing meeting basic needs and reducing additional needs. We also have to set the limits of our financial capabilities and start making formulas so that we can still meet our living needs but we also have to have money left over that we can save or invest.

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Quote from: Raceonsucced on August 29, 2023, 11:35:31 PM

Reading books can indeed increase knowledge and there is a lot of motivation contained in it, especially for money management. But what must be applied first is to be disciplined in financial management. Watching videos can also increase knowledge, then the bitcointalk forum doesn't all explain about managing finances. The most important thing is to apply discipline and make rules for managing your finances.

The most important thing is not only to read but try to apply it to yourself. With practice it will become habitual and you will not find it difficult to run because on the way you will find many unique things, such as questions and answers later and getting used to it. meaning that the concept has been studied high after minimizing the risk. Financial management is very related to time as well and at this time health and time are very valuable and must be managed properly.

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Quote from: mindrust on August 29, 2023, 11:43:08 PM

Quote from: Mr. Magkaisa on August 25, 2023, 12:18:29 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.

This forum is probably a better source of information than any personal finance book out there. Knowledge is important however it is not everything. What people need is a a good monthly income and that's only possible you own a business fully. If you started to wageslave for the big/small corps in your young age and continued to do so till your old age, then it gets harder to become financially free/independent in your young age because that's what wageslaving does to you. It eats away your soul. If you wageslave long enough, they will give you a pension and then you can live the rest of your remaining 10 years in peace.

Takes away the youth in us even when we are working online. The problem with such a situation is that we from a poor country and won't have a pension after retiring which is why I'm heavily invested in BTC and staking coins because when the time comes, it will be my reliable source.

Personal finance is harder for the newer generation when they are caught in this turbulent time and recession is on the way to depression. The only they can rely on is the skills they have, It would be fine if they can find a job but if companies are filing bankruptcy, they are on their own.

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Quote from: Mr. Magkaisa on August 25, 2023, 12:18:29 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.

This forum is probably a better source of information than any personal finance book out there. Knowledge is important however it is not everything. What people need is a a good monthly income and that's only possible you own a business fully. If you started to wageslave for the big/small corps in your young age and continued to do so till your old age, then it gets harder to become financially free/independent in your young age because that's what wageslaving does to you. It eats away your soul. If you wageslave long enough, they will give you a pension and then you can live the rest of your remaining 10 years in peace.

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Reading books can indeed increase knowledge and there is a lot of motivation contained in it, especially for money management. But what must be applied first is to be disciplined in financial management. Watching videos can also increase knowledge, then the bitcointalk forum doesn't all explain about managing finances. The most important thing is to apply discipline and make rules for managing your finances.

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Quote from: dothebeats on August 29, 2023, 08:23:46 PM

Quote from: bayu7adi on August 29, 2023, 03:43:06 PM

Quote from: MarjorieZimmermanGinger on August 29, 2023, 12:14:31 PM

There are many theories, ways to solve financial problems or advice to increase sources of income that we read in books and watch in several videos. My question is whether all of that can be applied equally to all people?

Not everyone may find it feasible to implement all the suggestions provided by friends here. However, it's important to bear in mind that each individual bears the responsibility for their financial circumstances. Every person possesses a survival instinct and is bound to seek input from others' perspectives. Absorbing a multitude of advice can indeed be perplexing, yet a prudent person will sift through these recommendations to advance into the trial and error phase.

Human beings are social creatures, and the notion of solitary existence eludes us. Navigating life becomes considerably smoother when in the company of fellow humans.

We are indeed responsible for our own financial situations as it is our decisions and actions that put us where we are. It is also indeed natural for human beings, as natural social creatures, to seek opinions from a community that we belong to or can generally relate to. However, applying the responsibility we hold for our situations, it is vital to ensure that we are the ones to make the final say on what we should do and should settle with amongst the opinions and pieces of advice we have gathered. Moreover, it is best to remember that trial and error is a must, as not all of our actions will have good outcomes, but we can always find a way to turn negative results into opportunities.

In conclusion, asking for advice and opinions, as well as seeking others' knowledge are good ways to have options that will lead us to a path that we are ultimately responsible for. Remember that every decision is made from various factors that influences us, and it is up to us to make good use of them.

other people's suggestions can indeed make us a consideration by applying them to our lifestyle. Economic problems must be faced by everyone, considering that all living people certainly have needs that must be met, it's just that in essence we must be able to apply a lifestyle according to our income or even have a simple mindset and leave it for long-term investments. in an era like now most people imitate the hedonistic lifestyle in order to have recognition even though there are other ways that can be taken to gain authority

Topic: Having a problem a Personal Finance? - page 5. (Read 1350 times)