Invest on your dependants if you too must grow further - page 4.

Antotena

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Quote from: tygeade on May 10, 2024, 12:19:54 PM

Helping people around you is a costly thing, I should know because with just one salary that I have, I try to help with three households. I try to take care of my own house, I try to take care of my spouse's family, and I try to take care of my own family as well.

I can see why that would feel like such a troublesome thing but at the end of the day we are talking about a situation that I can't stop doing at the moment. What is the alternative? Just let them be poor and have trouble all their life? Of course not, they took care of us when we were kids and took care of us very well, now it is our time to try to take care of them, surely the economy is much worse nowadays so it makes it a lot harder for me but I keep doing that. It is not easy and that is why I hope bitcoin goes up a lot to help me a bit.

Just know that in life, you can only try your best but don't kill your self trying to help people but if you must even help them, help them by learning how to earn by themselves because the money you give to someone finish even before they know but if they earned that money on their own, the rate at which they spend it will be different because they work for it and they will spend it with sense and not squander everything you gave them.

As holding Bitcoin, it's a good idea but having that as alternative to change things will only hurt you. If Bitcoin doesn't pump, that means your problem will remain where they are and it become difficult to resolve because the hope is dead. It's better to seek for alternative while waiting for Bitcoin to appreciate, everyone is just optimistic about market right now but nothing tangible yet.

ndutndut

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Quote from: |MINER| on May 09, 2024, 10:14:58 AM

If you want to keep yourself successful, you should also make people around you self-reliant. Because it is not possible to maintain a good position by earning a single income in the family. Because it is difficult to manage a family with a single income in today's era. If everyone in the family earns, then it is easy for everyone to maintain it. Also, if everyone around you is poor, if you alone are rich, it is not possible to maintain that wealth for long.

Yes, what you said is very true. If we want to continue to be successful, we must be able to make the people closest to us become more advanced and have good thoughts about finances. Because if you are the only one who is the backbone of income generation in a family then whatever wealth you have will not last long.

So, according to the title written by the OP, make your dependents an investment for the future. It's not just about money but also education and knowledge. Teach them to earn money, not give money because this will make them not develop and even tend to be lazy.

tygeade

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Quote from: mvdheuvel1983 on May 09, 2024, 07:26:21 AM

Quote from: Churchillvv on April 14, 2024, 05:56:56 AM

There is a popular quote that says until everyone around you is rich then your still poor. It's same thing here with your concept, we must always elevate the people around us to be free financially, if you're the only person free financially it turns out that you will not still be free in a short time because you will tend to lift all the bills from your household on yourself which I consider as same as suicide.

If you want to be successful then your people have to be successful, you have to take care of your family, friends etc that as so dear to you to the next level for you to go more high. In general we should always extend our hands to people who needs it as it will guarantee our success too.

Human capital development is the best investment that every one should embrace, it is very dangerous if you don't invest in your own people and people around you because it this may amount to disrespect from your relatives and again they may have bad plans against you if care is not taken.
Just imagine if you invest in people that solely depend on you, don't you think this people has automatically become an asset, there are some hands you will be needing in your office, this people can help in solving the problem too, the most good part of this is that,once this people start getting their own money you will be relieved of your financial burden and thats it,teach people how to make money, don't give them money because by so doing you are making them lazy.

Helping people around you is a costly thing, I should know because with just one salary that I have, I try to help with three households. I try to take care of my own house, I try to take care of my spouse's family, and I try to take care of my own family as well.

I can see why that would feel like such a troublesome thing but at the end of the day we are talking about a situation that I can't stop doing at the moment. What is the alternative? Just let them be poor and have trouble all their life? Of course not, they took care of us when we were kids and took care of us very well, now it is our time to try to take care of them, surely the economy is much worse nowadays so it makes it a lot harder for me but I keep doing that. It is not easy and that is why I hope bitcoin goes up a lot to help me a bit.

eightdots

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Quote from: MissNonFall9 on May 10, 2024, 10:20:07 AM

Quote from: |MINER| on May 09, 2024, 10:14:58 AM

If you want to keep yourself successful, you should also make people around you self-reliant. Because it is not possible to maintain a good position by earning a single income in the family. Because it is difficult to manage a family with a single income in today's era. If everyone in the family earns, then it is easy for everyone to maintain it. Also, if everyone around you is poor, if you alone are rich, it is not possible to maintain that wealth for long.

Analyzing the history of the births of famous people in the world, it can be seen that most of them came from famous places. So to be economically self-reliant we have to make everyone around us employable, there is no alternative. Therefore the same characteristic is noticeable in a family, such as if a person is the only earner, the financial pressure on him is much more than another earner in that family. So if we want to grow up we have to create another income earner in our family.

Growing up is an action that happens faster sometimes alone and sometimes all together. Everyone's goal is to increase their current income and help those around them live a better life. To do this, the number of income earners needs to be increased.

Sometimes, investing in education or something else for a while may cause the person you invest in to earn income. Even a small positive impact we can make on the people around us will be beneficial in the future.

MissNonFall9

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Quote from: |MINER| on May 09, 2024, 10:14:58 AM

If you want to keep yourself successful, you should also make people around you self-reliant. Because it is not possible to maintain a good position by earning a single income in the family. Because it is difficult to manage a family with a single income in today's era. If everyone in the family earns, then it is easy for everyone to maintain it. Also, if everyone around you is poor, if you alone are rich, it is not possible to maintain that wealth for long.

Analyzing the history of the births of famous people in the world, it can be seen that most of them came from famous places. So to be economically self-reliant we have to make everyone around us employable, there is no alternative. Therefore the same characteristic is noticeable in a family, such as if a person is the only earner, the financial pressure on him is much more than another earner in that family. So if we want to grow up we have to create another income earner in our family.

oktana

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Quote from: AVE5 on May 08, 2024, 10:23:08 PM

Quote from: oktana on May 08, 2024, 06:09:08 PM

I think in Africa, there’s a stronger will on supporting family members and lifting each other up financially. There are other cultures who do the same but that of Africa seems to stand out to me. But despite what culture it is, it is a good thing to yourself, the society, and the world at large that you can empower others to be able to provide and cater for themselves and not just depending on you. This can go as far as breaking cycles of poverty.

You're right. Here in Africa, there's is always dependents on the breadwinners and at some cases of having that much of responsibilities, it could, cause setback from meeting with the height of a financial goal.
That's why i clearly stated it that we should invest in how to create productive means of earning to those our relatives if there comes an opportunity because if you're limited to those responsibilities, it's like you've just offloaded those barriers delaying your forwardness.

An artiste sang “it’s like flying first class on a crashing plane”; you’re all going down. Thinking of this topic the lyric makes sense because it is the exact case. But on the other hand, if you consistently try to help and the recipient is unserious, don’t beat yourself up. I believe that in the end, everyone has their responsibilities and no one would leave their to completely chase another’s.

|MINER|

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If you want to keep yourself successful, you should also make people around you self-reliant. Because it is not possible to maintain a good position by earning a single income in the family. Because it is difficult to manage a family with a single income in today's era. If everyone in the family earns, then it is easy for everyone to maintain it. Also, if everyone around you is poor, if you alone are rich, it is not possible to maintain that wealth for long.

mvdheuvel1983

sr. member

Activity: 1022

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Quote from: Churchillvv on April 14, 2024, 05:56:56 AM

There is a popular quote that says until everyone around you is rich then your still poor. It's same thing here with your concept, we must always elevate the people around us to be free financially, if you're the only person free financially it turns out that you will not still be free in a short time because you will tend to lift all the bills from your household on yourself which I consider as same as suicide.

If you want to be successful then your people have to be successful, you have to take care of your family, friends etc that as so dear to you to the next level for you to go more high. In general we should always extend our hands to people who needs it as it will guarantee our success too.

Human capital development is the best investment that every one should embrace, it is very dangerous if you don't invest in your own people and people around you because it this may amount to disrespect from your relatives and again they may have bad plans against you if care is not taken.
Just imagine if you invest in people that solely depend on you, don't you think this people has automatically become an asset, there are some hands you will be needing in your office, this people can help in solving the problem too, the most good part of this is that,once this people start getting their own money you will be relieved of your financial burden and thats it,teach people how to make money, don't give them money because by so doing you are making them lazy.

Septex

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Yes, one is not properly rich until one is not only financially well off but also those around us are also financially well off. In fact if the other members of a family are completely dependent on one person financially then it becomes really difficult for him to carry the family. Therefore, it is very important to teach the other members of the family how to achieve financial stability in addition to providing their own money. Otherwise, the biggest responsibility falls on one family member and it causes a lot of trouble for him in the future. So we should understand well in advance to the family members how they can be financially successful and what approach to take.

AVE5

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Quote from: oktana on May 08, 2024, 06:09:08 PM

I think in Africa, there’s a stronger will on supporting family members and lifting each other up financially. There are other cultures who do the same but that of Africa seems to stand out to me. But despite what culture it is, it is a good thing to yourself, the society, and the world at large that you can empower others to be able to provide and cater for themselves and not just depending on you. This can go as far as breaking cycles of poverty.

You're right. Here in Africa, there's is always dependents on the breadwinners and at some cases of having that much of responsibilities, it could, cause setback from meeting with the height of a financial goal.
That's why i clearly stated it that we should invest in how to create productive means of earning to those our relatives if there comes an opportunity because if you're limited to those responsibilities, it's like you've just offloaded those barriers delaying your forwardness.

oktana

sr. member

Activity: 1680

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Eloncoin.org - Mars, here we come!

I think in Africa, there’s a stronger will on supporting family members and lifting each other up financially. There are other cultures who do the same but that of Africa seems to stand out to me. But despite what culture it is, it is a good thing to yourself, the society, and the world at large that you can empower others to be able to provide and cater for themselves and not just depending on you. This can go as far as breaking cycles of poverty.

Negotiation

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Quote from: Yukyzu on May 06, 2024, 06:22:17 AM

Quote from: iBaba on April 24, 2024, 03:29:59 PM

No matter how rich you claim to be and how supportive you try to be, investing on your circle is the best way to go about sustainable living. This topic is more relevant in today's world of economic uncertainties, where you can be rich but still needs external supports or sources to thrive in the business arena. Having friends who can always stand in as a support system and assets is better than accommodating liabilities.

Although, for truth to be said, you need to have the financial or intellectual capacity to be able to invest in friends first, then, you also need reasonable friends who are interested and ready to tap into the opportunities available to them.

When someone is able to invest, of course they have prepared their future to be better, because if we don't prepare for our future, of course it will be very difficult to meet our needs in the future and to have friends who can help us in various situations. of course this is a very valuable asset rather than choosing to pay off the loans we have to pay, when someone has good capacity and can generate profitable income of course people will be interested in investing in us and this will of course benefit them too .

Rightly said investing is the right decision thinking about the future and investing it helps to deal with various bad situations. Each plan individually helps you build wealth which helps you achieve the specific goals of your overall financial plan. For risk hedging savings plans help accumulate money safely over time. Usually this money is kept aside for any emergency purchases or future purchases.

MissNonFall9

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"Many a little makes a mickle" talk is very popular in my area. Economic freedom plays a very important role in creating a healthy natural ‍and social environment for a person. Even economic liberation plays an effective role in shaping humanity. So if a family can be shown the path of economic mobility then it can move comfortably in any kind of adverse environment. If the search for such jobs can be shown to all the people around (who are willing to work) then everyone can run the society responsibly.

Cryptomultiplier

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Quote from: Yukyzu on May 06, 2024, 06:22:17 AM

Quote from: iBaba on April 24, 2024, 03:29:59 PM

No matter how rich you claim to be and how supportive you try to be, investing on your circle is the best way to go about sustainable living. This topic is more relevant in today's world of economic uncertainties, where you can be rich but still needs external supports or sources to thrive in the business arena. Having friends who can always stand in as a support system and assets is better than accommodating liabilities.

Although, for truth to be said, you need to have the financial or intellectual capacity to be able to invest in friends first, then, you also need reasonable friends who are interested and ready to tap into the opportunities available to them.

When someone is able to invest, of course they have prepared their future to be better, because if we don't prepare for our future, of course it will be very difficult to meet our needs in the future and to have friends who can help us in various situations. of course this is a very valuable asset rather than choosing to pay off the loans we have to pay, when someone has good capacity and can generate profitable income of course people will be interested in investing in us and this will of course benefit them too .

You know, investment could be of different types and a wise person knows that investment in an individual either it is someone close or themselves, always goes a long way to yield lasting returns.

Am not saying investment in cryptocurrency or precious stone and gems isn't worth it, but if one gets to educate themselves or others close by, on how to be more knowledgeable in that area and thus can earn from investing in them, i.e they have understood how money is made and can be multiplied with a certain knowledge and skill, then that's the best and most rewarding future and present investment that will pay better than a salaried job.

AVE5

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Quote from: crwth on April 21, 2024, 06:05:58 PM

So are you saying that having to be able to "optimize" your financial growth is the solution to having no problems with financials? Like how you are going to be able to do it with optimization? The reduction of expenses and having a larger income? It's not much of the subject that you are talking about and "invest" is not the right word. Maybe it's better if it's "saving".

Optimizing your financial growth in the sense that you could invest to be able to accumulate more to your savings is the key point because having savings without increments would do you no good in the future because a source that's no being reproductive would definitely be insufficient to process your needs.
So if you think your financial capacities can as well maintain your expensive expenditures without disrupting your financial increments of course it's good to go. Afterall well all needed all that expensive commodities the conciousness is only based on the future and our network.

Yukyzu

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Quote from: iBaba on April 24, 2024, 03:29:59 PM

No matter how rich you claim to be and how supportive you try to be, investing on your circle is the best way to go about sustainable living. This topic is more relevant in today's world of economic uncertainties, where you can be rich but still needs external supports or sources to thrive in the business arena. Having friends who can always stand in as a support system and assets is better than accommodating liabilities.

Although, for truth to be said, you need to have the financial or intellectual capacity to be able to invest in friends first, then, you also need reasonable friends who are interested and ready to tap into the opportunities available to them.

When someone is able to invest, of course they have prepared their future to be better, because if we don't prepare for our future, of course it will be very difficult to meet our needs in the future and to have friends who can help us in various situations. of course this is a very valuable asset rather than choosing to pay off the loans we have to pay, when someone has good capacity and can generate profitable income of course people will be interested in investing in us and this will of course benefit them too .

justdimin

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Quote from: Zanab247 on May 01, 2024, 09:45:02 AM

It will be difficult for such family to lack wealth, because that is the best way to make family remain wealthy by teaching them how to carry out research before investing in a decentralized currency, and wait for some years before they can supply their coins to the market to make a good profits that will boost the family wealth.

You can allow them to handle some of your business for them to gain more skills that will help them to function well, when you establish their own business for them and it will make them to be bold in doing the businesses to earn for a living.

If you have so much wealth, and you fail to invest in your family by not creating opportunities for them to earn from , it will reduce your wealth to zero level, and it will bring disrespect to you in the family

I would assume that if you could teach your kids value of money one way or another, then they would be able to get it more themselves even without your help, but at the same time if you could help them by letting them have something, then it would mean that things could actually be better in the end as well.

I am hoping that we are not going to end up with anything more decent, we shouldn't really end up with crazy situations, it doesn't feel like it would be all that crazy in the end, we need to just focus on the fact that we could do fine if we leave our kids with both education on money and some small inheritance to start. They will not learn about money at school, so that is your own responsibility to teach them.

Zanab247

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If you have financial knowledge/intelligence, you can try to teach people who are dear to you, suggest finance books to them and support them financially in the little way you can. But i don't think you should "invest" in them, if you take up too many responsibilities, you might run the risk of going broke yourself, i always advise people to live for themselves and help people only in a way that would not affect you financially.

It will be difficult for such family to lack wealth, because that is the best way to make family remain wealthy by teaching them how to carry out research before investing in a decentralized currency, and wait for some years before they can supply their coins to the market to make a good profits that will boost the family wealth.

You can allow them to handle some of your business for them to gain more skills that will help them to function well, when you establish their own business for them and it will make them to be bold in doing the businesses to earn for a living.

If you have so much wealth, and you fail to invest in your family by not creating opportunities for them to earn from , it will reduce your wealth to zero level, and it will bring disrespect to you in the family

wxa7115

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Quote from: Jody.Drummer on April 21, 2024, 03:00:32 PM

Quote from: wxa7115 on April 21, 2024, 12:03:11 AM

For what I can see around me, a great deal of people want to achieve the success you can see in movies and TV, but they want to make no effort at all to fulfill their goals.

In a way they just hope that somehow everything aligns for them to become rich with no effort on their part, and this is not possible, that being said there are many people which are willing to work hard to reach their dreams, but they have no idea how to do this, and it is those people the ones that can be helped by offering some guidance and then let them figure out the rest on their own.

That is nonsense, with everyone of course must want success in his life and if they want success of course there must be effort and even sacrifice to be successful, but if they want to be rich but no effort it will never happen. It is the same with my friend where he always says he wants a change for the better in the future but he himself has no movement that shows progress or effort, I don't know what is in his mind why he wants success but no effort is made.

Those who want to be rich without any effort I think they need to be told that it will not happen magically. Although everyone has a portion of luck, it is not entirely going to give a big positive thing. Of course, whatever you want there must be effort first.

It is complete nonsense but on its on way I get why they are like that, as if I was told by a credible source that I was going to be given a billion dollars and I will have to do nothing to gain it, why would I refuse it?

However I know this will never happen, and even if I were to work as hard as I could during my whole life, I would still not achieve those kind of riches, however by doing the best I can, there is no doubt that I can get better outcomes than if I did nothing.

Yaqs15

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Quote from: crwth on April 21, 2024, 06:05:58 PM

So are you saying that having to be able to "optimize" your financial growth is the solution to having no problems with financials? Like how you are going to be able to do it with optimization? The reduction of expenses and having a larger income? It's not much of the subject that you are talking about and "invest" is not the right word. Maybe it's better if it's "saving".

It's not all about billions of dollars that you have in your bank account, it's not all about cars that you have, and it's not all about mansion that you have, but it's about the positive impact all these your billions of dollars, big cars and mansion have on the people around you.
it's the best idea for some one to build people around him or her if not for, when they are being built and no more depending on you, you will even have some relief of their responsibility on you which you have settled them of.

Quote from: Y3shot on April 18, 2024, 11:44:18 AM

Life is all about empowerment, raising people up by empowering them. A man is considered to be a great man if the people around him are transformed by him. It can only be greed if one has the power to empower the people around but choose not to do. When you decide not to help people that are around whenever they have any problem they would always run down to you for help. But when you help people by carrying them along by empowering them whenever they have challenge of theirs they will be able to help solve problems themselves.

I think when you help in building people they are just like pillars to you, when you need support they can also be of help to you. This is very important to do for family members and friend because the effectiveness will still exist till the next generation.

When you want to be the very pillar of your family, try to learn how to sacrifice a lot. They said; he who gives never lack.
what goes around must surely comes around. If you don't have the discipline of sacrifice, you can not be able empower others, because it involves spending of money, time and some time your energy.
If you want to grow further, spend on your dependents wisely. that is, some time you don't just give them cash, but spend on them by paying their school fees, pay for their skills acquisitions, try to teach them how to make money like doing business, trading on Bitcoin and online businesses which most of these may require funds. Do not hesitate to help them with their need financially emotionally and physically.

Topic: Invest on your dependants if you too must grow further - page 4. (Read 1497 times)