Topic: Having a problem a Personal Finance? - page 8. (Read 1340 times)

I only agree with you about reading books related to personal finance, I think the best thing to do to solve this problem is by study in legal institutions such as university or etc. inspiration that we get from other people maybe will not give good result for us, it is happen because each people has their own internal and external environments or factors that determine their position in that environment. but take other people's experience just for insight is okay.

Certainly, you have highlighted the fundamental truth in personnel finance. While resources offer valuable insights but they can sometimes overshadow the pivotal role of behavioral and attitudinal aspects in managing finance. These are the driving force behind financial success. While knowledge equips us with the tools, it is our mindset and behavioral shifts that steer our financial journey.

In essence, personnel finance is all about building a foundation of knowledge and then applying that knowledge with mindset of responsibility.

Saving personal funds seems to be an easy task but in reality, it is a very difficult. Because everyone needs money. Every level of the society cannot be run without money. Sometimes for family or for personal needs or other things unexpectedly come in front of us which cannot be ignored and money has to be spent. Sometimes more than the budgeted amount thus needs to look at personal funds. But if we do something, we can get out of this situation. Saving personal funds requires a person to have a good idea of the household expenses so as not to overspend the budgeted amount. Although there are some things that do not come out. For example, someone in the family may be sick. Those things are different. Personal and family spending propensity should be reduced. Personal funds will not be affected if expenditure can be reduced.

You do have a point here but it is good to remember that not everyone has the same way of learning. Some people prefer seeing actual visual aids like videos and pictures to learn and understand information better, hence there are great YouTubers and content creators that share valuable information and knowledge regarding this matter. What people who rely on these content creators need to know, however, is how to assess on whether they are watching the right people or not. If they are getting something useful from watching these people or are they just being a victim for views.

Most of the motivational content and videos about financial freedom always have the same content who's just trying to monetize their channel as well. It's actually too generic to learn something from these content creator. I think it's better to just read books about finances rather than watching those videos that the algorithm in the social media has been feeding us. Books are too specific and broad on how you improve your financial stability according to your lifestyle, income, and other stuff in line with this. Most videos in the internet always gives you suggestion to become an entrepreneur or a business man, well that's not actually a bad suggestion, but it's not for everyone actually.

For a moment I almost took OP for a multinational speaker or someone who was out there to sell a product. I was just waiting in the moment when OP would say, here is all your solution packed in one miracle product or project. Good thought that isn’t the case.

Still, means to finance handling is a huge problem to most, some employ the services of accountants and financial advisers while other who can’t o afford to employ one or just don’t see the need try to do them themselves and if you look at it, it’s doable.
It’s a matter of your person and how you’re able to prioritize your needs and won’t in respect to what’s the best time to go into certain acquisition of property, an investment and certain spending. Money diminishes and you’ve got to know that money not invested is practically money lost to a purpose and it ain’t coming back.
That helps you to define just how to go about your fund appropriation.

Aside from the limited knowledge on how to promote one's portfolio effectively, the competition is also harsh.  The high amount of applicants and limited number of offered jobs make people with less merit end up losing the opportunity and become jobless or take the job that has inferior offers.  This causes these people to have a problem with personal finance since their income is low and they have trouble looking for an additional source of income because their whole day is consumed by the job and the amount of time needed for transportation going from home to workplace and workplace to home.  This is another reason that having a job that let us work from home is very important since we will have more time for the activity to give us extra source of income.

Proper planning and budget is always that recommendable or something we should say that it should really be standard because if you wont really be able to make yourself follow with these guidelines then you would

really be finding yourself on trouble in terms of your finances. Proper budget and proper spending will really be always the key on finding yourself that financially stable and wont really be experiencing any hardship
in correlation to this.If you do find yourself that overdropped then it would really be just common sense that you would really be needing to adjust and would really be needing to budget so that you would be able to survive because if you dont then you would be finding yourself sleeping on the streets when you are really that been covered with loan or you have sold out everything for you on having to eat.
Dont make yourself come into that point because it isnt something that we do really love to experience specially if you do have a family to feed.

Videos about wealth and finance are always recommended on my feed and that's the algorithm goes for these social media platforms. Honestly, most of them are just telling the same things but I like it whenever I watch almost the same content every day. It's like they're being fed to me to keep me reminded of what I must do and that I have to watch myself every time I do some unnecessary spending. That suggestion will keep us motivated when we feel demotivated or when we think that there's no way that we'll get out of the rat race.

Nowadays the point which difficults people earning money is the fact they can't promote their personal image properly through efficient marketing, mainly digitally. In every sectors, professionals making superior income and having more opportunities in the market have a very strong social network on social medias where they interact with followers in real time, grabbing their attention and interest. It's not exactly about the content, but about the image they sell to the public. That is how the market works nowadays and if you don't adapt yourself to this, I fear you are going to have a hard time raising your income.

To be fair this has became a bit more fluid to me this year. I do have a financial problem to be fair, but also not have one at the same time. What I mean is that I might be at the worst financial situation of my life, but at the same time I realized that people are doing so badly that its not really that bad for me, I am doing fine compared to many. Do I have debt? I do, but do I have some bitcoins? I do, do people have more debt than me and doing much worse? A lot of them do. So when you consider all of that, suddenly it becomes a lot more troublesome to think about others, you feel sorry for billions around the world but you do feel better about the debt that you have.

Because we all know what we need to do. You have to budget, plan your expenses, monitor your spending, saying no that isn't in your lists. But the most difficult part is the DOING. The apply it every single day. How can you do that? You cannot find it in any books or any YouTube content. Because it is not something you can have by consuming. You will get it once you practice it. It is difficult but you still do it. It is one's responsibility to do their finances.

The key to personal finance doesn't lie in books, courses, videos or lectures. It lies with the individuals. And it is largely behavioural based.. An individual may study all on the courses in the world on personal finance and read all the books by personal financial coaches if the person doesn't change their attitude towards money and the no amount of government programs can change their financial status. Some of the behavioural and attitudinal changes that they need to do is to embrace responsibility, discard limiting beliefs, and take proactive steps for financial success.

The root of financial problems can often be multifaceted, and it is essential to identify it in order to take corrective measures, for this reason money management and discipline in spending are extremely important aspects, and it is true that proper management of personal finances can make a big difference in achieving long-term goals…Certainly Reading books related to personal finance, writing and reading about different topics here on Bitcointalk to gain knowledge and advice are good techniques to gradually build a good financial education , but the consumption of inspiring and educational content in the form of videos would not stand out much, some may be useful but the majority that I see always tend to fall into more spam than something useful, that's why I prefer the first two... Just like Also, surrounding yourself with people with a positive mindset and a constructive approach can have a significant impact on personal and financial development. I have a group of investor friends, we meet often and the exchange of ideas and experiences provides a good perspective and different advice that is good to take to improve more and more.

That is a good suggestion, many people cannot control their financial flow or do not have proper financial management so that when they get into trouble they don't have the funds for it, but in my opinion, hanging out at bitcointalk is too varied and there will be many topics to meet, especially if When it comes to gambling, maybe you will spend more money but this depends, it's up to you.
You need to give the most appropriate additional points after doing points a & b is "doing it" because it's useless to read books and watch inspirational and motivational content about money management and everything related to improvement but if can't doing that in real life be wasted.

"do it"

Video are easy to watch and you can multitask while watching a video so I don't find them as the best things to do when you're having a problem with your finance and you're looking for solution or motivation. Reading books is an old way of learning and still the most effective way of learning as it takes determination to pick up a books to read from start to finish. When you're reading a book, you'll have all your attention to that book and it'll help you gain the knowledge in the book.

The most successful individuals in the world are readers because they understand the potential of great books from great authors. Everything that you're passing through in life, from your financial problem to personal problems has been written about, so just read a book.

Inspiration is not part of the action so it is only needed to be able to arouse our enthusiasm to make actions that are more positive and different from the previous ones. Because changing your financial fortunes must be done through more actions, not through reflections on inspirational videos, even though it wouldn't be wrong to watch it if it can really inspire us to keep trying in more effective ways. So, of course it is true that inspiration alone will not be enough to change anyone's life other than there must be more appropriate action.

Those who don't start after attending seminars or watching educational videos and videos that can bring inspiration are those who still can't get rid of their laziness in life. So that the time they have spent in participating in any seminar will not give any results except just a waste and such people will never get a change in their life as long as they still like to be lazy from taking action for themselves.

Those who think too much about the risks of the actions they want to take are those who still don't have the courage to start, so their minds will always be haunted by the fear of taking action because they are still thinking about the risks that could arise. Even though they haven't tried it yet, they have already thought about the risks that may not necessarily occur, and such a person will also find it difficult to get changes in his life, let alone get success because he is always afraid of risks even though the risks have not happened.

Or in other words we have to take real action, I mean don't keep theorizing because if you only theorize without taking any action it's the same as nonsense. One thing that makes it difficult for us to act is that we will always think of losses so that it becomes a trigger for us not to take steps, or in other words "we don't want to lose". In fact, in everything we do there will always be risks.

I agree with you that our main problem is within ourselves. We must be able to recognize ourselves first if we want to get answers to the problems we face.

Yes I agree with that. "Inspiration alone will not be enough". People are busy going here and there to take part in motivational seminars so that they have more enthusiasm and encouragement to be able to do something so that their life will be even better financially. but they forget to start it and we need to know that the best business is a business that runs, not just a plan and no action to start it.

And the best motivation is the difficulties we experience and the problems that exist within us, so the answers and solutions are the same within us.

   

These are good tips and everybody that struggles with personal finances should try and get help. Reading books about it is a good idea, but that requires a lot of time and also can be quite expensive, these books tend not to be cheap. So instead of buying the books new, my first recommendation would be to ask your friends if they have such books and if you can borrow them. This would also be your first step to save money today and try to reduce your spending. This is basically where it all comes down to, you need to either increase your monthly income to sustain your spending habits or reduce your spending. In most cases the first approach is not that easy, we can't just ask our boss for a higher salary. Investing is the best idea, but this is going to take time to build your portfolio and get a decent return on your investment. The easiest way to get our personal finances in order is to reduce spending and try to cut back on any unnecessary purchases. Write down all the things we buy each month and split them into important purchases and unimportant ones.