Topic: How good are you at managing your money - page 46. (Read 51545 times)

Quote from: ardentvolcanoes on June 09, 2016, 01:25:48 PM

I'm not really good at managing my money, because when i received my bitcoin from signature campaign, i always lose it all on gambling. Maybe i will start managing my money carefully from now.

I think you should have to start trading as trading have the same earning and the same entertainment which you find at gambling, and one thing is that at trading there is no way to lose your money.

I don' think you understand trading that much, in trading we can also lose our money as it is also risky but not as risky like gambling. Gambling depends on luck alone while trading requires skill to be profitable.

Definitely, trading is like gambling where you risk your money to earn money so it is still the same and trading is not safe. The only thing that differentiate the two is trading is back by the real market while gambling is back by the luck of the people.

The most people with a smart mind are now holding their coin and that is nice because they know that the value of the Bitcoin was stable for a long time so there where are not be able to sell it with a lot of profit.
And they see that the halving will come soon and the price is now rising already slowly so that is perfect for the people with Bitcoin.

bamboylee

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actually i'm not good at managing my money as a student i can't stop myself from making an expenses . and also when i get hungry i can't stop myself on spending for the food i wanted to eat Grin

i want to save money but i don't want to suffer from starvation and craving for foods . haha

You are still good because you have money to spend. Maybe you will learn more on how to manage your money if you have no more and the parents does not provide for you anymore. You will learn th true value of.money once you are the one earning it. The key here is discipline and that is all you need to controll yourself.from eating to.much.

daringdiscovered

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Quote from: Jmild1 on June 14, 2016, 10:20:35 AM

Quote from: thebigtalk on June 14, 2016, 10:15:20 AM

I'm really really bad at it. I don't have a bank so that makes sense.

There are people who dont rely in bank accoutns but use to manage their money very well. You dont need bank accounts call that you're good at managing your money. I dont have bank accounts too and what I only use is physical money with btc wallet, I just convert my btc to fiat whenever I need it.

I agree, whether you have a bank account or not you still have the decision on how you will managae your money. It just depends on a person if he/she lives luxurious that he/she buy anything what he/she wants. Or you are a person who is saving money thinking about the future.

Jmild1

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Quote from: Ulloa on June 14, 2016, 04:20:11 AM

Quote from: thebigtalk on June 14, 2016, 10:15:20 AM

I'm not really good at managing my money, because when i received my bitcoin from signature campaign, i always lose it all on gambling. Maybe i will start managing my money carefully from now.

I think you should have to start trading as trading have the same earning and the same entertainment which you find at gambling, and one thing is that at trading there is no way to lose your money.

I don' think you understand trading that much, in trading we can also lose our money as it is also risky but not as risky like gambling. Gambling depends on luck alone while trading requires skill to be profitable.

Definitely, trading is like gambling where you risk your money to earn money so it is still the same and trading is not safe. The only thing that differentiate the two is trading is back by the real market while gambling is back by the luck of the people.

You have to know that saving money is also important so you are not losing any money and you cant lose it but to earn some money you have to make an investment.
And to make an investment you have to be for sure that you are going to make profit with it and that is important.

Have a little pocket for emeregency too, that will really worth it when time comes that you'll be needing it.

Jmild1

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I'm really really bad at it. I don't have a bank so that makes sense.

There are people who dont rely in bank accoutns but use to manage their money very well. You dont need bank accounts call that you're good at managing your money. I dont have bank accounts too and what I only use is physical money with btc wallet, I just convert my btc to fiat whenever I need it.

thebigtalk

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Bitcoin and co.

I'm really really bad at it. I don't have a bank so that makes sense.

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Quote from: Ulloa on June 14, 2016, 04:20:11 AM

I'm not really good at managing my money, because when i received my bitcoin from signature campaign, i always lose it all on gambling. Maybe i will start managing my money carefully from now.

I think you should have to start trading as trading have the same earning and the same entertainment which you find at gambling, and one thing is that at trading there is no way to lose your money.

I don' think you understand trading that much, in trading we can also lose our money as it is also risky but not as risky like gambling. Gambling depends on luck alone while trading requires skill to be profitable.

Definitely, trading is like gambling where you risk your money to earn money so it is still the same and trading is not safe. The only thing that differentiate the two is trading is back by the real market while gambling is back by the luck of the people.

You have to know that saving money is also important so you are not losing any money and you cant lose it but to earn some money you have to make an investment.
And to make an investment you have to be for sure that you are going to make profit with it and that is important.

Saving and investing should be present in your budgeting, you cannot save forever because your money will be subject for inflation. You need to react with the real time market and if you know how to spot a good investment you will have a potential earning in the future.

Ulloa

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Quote from: useless4 on June 13, 2016, 04:45:50 PM

I'm not really good at managing my money, because when i received my bitcoin from signature campaign, i always lose it all on gambling. Maybe i will start managing my money carefully from now.

I think you should have to start trading as trading have the same earning and the same entertainment which you find at gambling, and one thing is that at trading there is no way to lose your money.

I don' think you understand trading that much, in trading we can also lose our money as it is also risky but not as risky like gambling. Gambling depends on luck alone while trading requires skill to be profitable.

Definitely, trading is like gambling where you risk your money to earn money so it is still the same and trading is not safe. The only thing that differentiate the two is trading is back by the real market while gambling is back by the luck of the people.

You have to know that saving money is also important so you are not losing any money and you cant lose it but to earn some money you have to make an investment.
And to make an investment you have to be for sure that you are going to make profit with it and that is important.

lienfaye

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Quote from: DuckKeeper on June 13, 2016, 05:10:09 AM

Quote from: The Sceptical Chymist on May 19, 2016, 03:52:07 PM

I'm pretty bad at it and I don't make as much as I used to. But I don't have credit cards so I don't live beyond my means. I guess I'm not as bad as I used to be.

I am pretty good at managing money even if I have to say it my self. They way I manage money is by putting a cap on how much I can spend per week. If I manage do to this I fur sure will save money.

im pretty good too, to be honest i have never had any problems with managing my funds

Good for you. is there any tips or advice you can give us for proper managing money? im not that bad in managing my money but i want to know if im doing it right. because though i always save in my savings account there are still times where im thinking if my ways in managing is fine.

Ziskinberg

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Quote from: useless4 on June 13, 2016, 04:45:50 PM

Quote from: DuckKeeper on June 13, 2016, 05:10:09 AM

Quote from: The Sceptical Chymist on May 19, 2016, 03:52:07 PM

I'm pretty bad at it and I don't make as much as I used to. But I don't have credit cards so I don't live beyond my means. I guess I'm not as bad as I used to be.

I am pretty good at managing money even if I have to say it my self. They way I manage money is by putting a cap on how much I can spend per week. If I manage do to this I fur sure will save money.

im pretty good too, to be honest i have never had any problems with managing my funds

Wow! that is good to share, I think your way is worth sharing for as we designed this forum to help each other. If you can post it step by step that would be great so we can follow.

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Quote from: DuckKeeper on June 13, 2016, 05:10:09 AM

Quote from: The Sceptical Chymist on May 19, 2016, 03:52:07 PM

I'm pretty bad at it and I don't make as much as I used to. But I don't have credit cards so I don't live beyond my means. I guess I'm not as bad as I used to be.

I am pretty good at managing money even if I have to say it my self. They way I manage money is by putting a cap on how much I can spend per week. If I manage do to this I fur sure will save money.

im pretty good too, to be honest i have never had any problems with managing my funds

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Quote from: DuckKeeper on June 13, 2016, 05:10:09 AM

Quote from: The Sceptical Chymist on May 19, 2016, 03:52:07 PM

I'm pretty bad at it and I don't make as much as I used to. But I don't have credit cards so I don't live beyond my means. I guess I'm not as bad as I used to be.

I am pretty good at managing money even if I have to say it my self. They way I manage money is by putting a cap on how much I can spend per week. If I manage do to this I fur sure will save money.

all income i receive is my disability pension and the money I make from the occasional coding job as well as my signature campaign. All of my disability cheque goes to the credit card companies (I owe around $12,000 cAD) leaving me with the Bitcoins I make from this forum. I do not have an IRL job.

DuckKeeper

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Quote from: The Sceptical Chymist on May 19, 2016, 03:52:07 PM

I'm pretty bad at it and I don't make as much as I used to. But I don't have credit cards so I don't live beyond my means. I guess I'm not as bad as I used to be.

I am pretty good at managing money even if I have to say it my self. They way I manage money is by putting a cap on how much I can spend per week. If I manage do to this I fur sure will save money.

Zooplus

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I'm not really good at managing my money, because when i received my bitcoin from signature campaign, i always lose it all on gambling. Maybe i will start managing my money carefully from now.

I think you should have to start trading as trading have the same earning and the same entertainment which you find at gambling, and one thing is that at trading there is no way to lose your money.

I don' think you understand trading that much, in trading we can also lose our money as it is also risky but not as risky like gambling. Gambling depends on luck alone while trading requires skill to be profitable.

Definitely, trading is like gambling where you risk your money to earn money so it is still the same and trading is not safe. The only thing that differentiate the two is trading is back by the real market while gambling is back by the luck of the people.

Maslate

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Message @Hhampuz if you are looking for a CM!

I'm not really good at managing my money, because when i received my bitcoin from signature campaign, i always lose it all on gambling. Maybe i will start managing my money carefully from now.

I think you should have to start trading as trading have the same earning and the same entertainment which you find at gambling, and one thing is that at trading there is no way to lose your money.

I don' think you understand trading that much, in trading we can also lose our money as it is also risky but not as risky like gambling. Gambling depends on luck alone while trading requires skill to be profitable.

bestluck

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