Topic: Look for what to invest, not what to eat - page 6. (Read 1706 times)

It means that such type of people just focus on present but don't think about future. Sometimes different thoughts about future makes a person sick and I saw lots of people who just focus on present and they eat well, dress well as well as their lives are prosperous while those people who think about future but destroy their present always lives unhealthy lives, neither they dress well nor they eat well because they are always in efforts of saving money.

I don't think that investment is not a good idea but we can also not leave our present for future because we don't know that will we be alive in future or not? As life is unpredictable so I think that focus should be more on present rather than future.

Saving is important but save some money but investment of overall amount is not a good idea which should be avoided.

For most people, the fundamentals are the same in all investments. This foundation is to invest in what is left after meeting your daily needs and those of your family. It would be a big mistake if a person does not meet their needs and only invests. The market can sometimes put people in a difficult situation. To cope with such situations, you need to have a regular income. It is also difficult for people without a permanent income to invest. I'm not saying they can't invest, don't get me wrong, I'm saying it's hard for them to invest.

Everyone's priorities are different. Others live in bad conditions for a while and only spare money for investment and think that these bad days will end like this. I am against this idea because investing always involves risk. It will be a waste of time when the expected return is not achieved.

Saving through investments? That's actually pretty cool. You get to witness your assets grow while keeping your hands off the money you've stashed away. It seems like the government is currently showing support to the public, allowing them to invest in stocks with a minimal amount. Opting for low-risk stocks is a smarter choice than solely holding onto FIAT, which is susceptible to inflation.

However, do bear in mind that when you save through stocks, you cannot instantly withdraw your money. Let's say you need funds for a medical emergency during a holiday, but it turns out that the stockbroker is also on holiday on the same day. So, don't blame the broker if you encounter difficulties in quickly accessing your funds.

Correct. And actually if someone is still unable to meet the basic needs of himself and his family then of course that person will not think about investing or anything like that. Because people who are in difficult financial circumstances will be very reasonable to prioritize food and other basic needs.

Breaking away from financial difficulties is always the most difficult challenge for everyone. Especially for someone who has only a little expertise and also a little insight. The person may have to work harder and rest less in order to make more money.

Many people think that when they have income and money they will continue to try to spend it for pleasure, they don't think about investments that can be a helper when bad things happen, and we have to be able to control all expenses and of course have to invest even with a small amount.

No need to think about it far.
Investment is not a basic need for the lower class economic people. Investment is a routine for the middle and upper class economies besides having forward thinking.
The concept of investment for people with a lower class economy is simply saving when there is left over after their basic needs are met.

Is it good? Depending on economic conditions and level of intelligence.
How can people with erratic income to invest.
There is a sentence that I often hear "logic will not work if there are no logistics".

If you can't manage your money well, no amount of income will change your standard of living for the better, especially if you don't have a stable income from daily expenses. Managed funds certainly have prospects where we must be able to generate a much more stable level of income and if the money is not placed in a more productive place it is feared that it will not be optimal.

The focus is on the stage of increasing income, but it takes careful planning to achieve that and if done correctly, I'm sure it will be more effective. If your financial ability is unstable between expenses and income, it is difficult to maximize investment and you are right, you should make your finances more stable first and then try investing.

Because when we have achieved financial stability and daily expenses have been met, investing will be much easier to do. The issue of investment must also be seen to what extent people's ability to meet the needs of everyday life and it is impossible for them to invest if these needs are not properly met.

But again lucky on you that you have extra money to save and invest to if we follow the 10% on saving money from the salary is for sure we wont buy all our necessities as our salary is low. Though it doesn't mean that we save big, we can save what we can, but again, it takes time. But again, this is better than not saving, as in the future, if you see that it is best to invest this, then you now have money to put on it.

Fund management (financial management) is indeed the basic thing that is needed for someone if they want to have a better standard of living or have an increase in their finances. And to take advantage of financial management, of course there must be funds that we manage. incoming and outgoing flows must always be there then financial management can be carried out. So the main focus is to get income and then allocate it as well and as effectively as possible. And investing is not easy. but it does require patience and thoroughness in running it. And if we succeed, financial freedom will be in our hands. but the most important thing is to make our financial stable first. at least all our basic needs can be met.

I'll like to ask you op, if you a given food knowing you are going to die the next minute and you are given money to invest in something that will yield profit in next 3 hours, which will you choose, to eat food to survive or invest and die without enjoying what you invested. How does it sound to you, awkward right? Now, some people cannot survive hunger to the point of selling BTC at lost for them to eat while some can withstand the hunger urge to benefit from their investment, it's all the category you fall in.

The most important thing here is for an investor to know exactly their own category so they wouldn't waste much waiting for crypto to rise, and most importantly, crypto is not for everyone, that's why some people creates problems if they invested through someone, I'm one the example of this scenario, I couldn't rest because someone invested through me and it's going to two years now and not profit yet, he kept on complaining to me that he used his last funds for the investment that he wants to eat out of the money. What do I mean, some can't stand while they are in losses. So it's best you know your own category.

Proper fund management and good decision making would be the key because not all would really be having the chance on earning decent or big for them to have bigger allocation on which corner if they would be having the plans on investing or using it on business or some sort. This is why some people do miss out lots of opportunities because they cant really be able to do it literally due to lack of funds and its just a normal approach that people would really be giving priority on living than on minding any other else.

Investing does really give out that kind of opportunity for us to earn more and would be able to add up finances on which it would really be helpful or something that could put us up on a situation
on which we arent really that minding much on what we should spend. We are all thriving on reaching out on a status on which we would really be financially free. There might be some sacrifices but it is really
just that normal because its never been that easy on making yourself to be able to progress on a short time. It would be taking lots of time and effort and a little bit mix of luck when it comes to this.

That's not really a choice. If you don't have money to both investing and food, you shouldn't be investing anything. But to figure out how to eat healthy and cheap, and where to get money from, because at that stage money isn't coming from investing. And you should only invest something you can lose.

If you are in a situation where you choose eating cheaper so that you can still invest, that's a choice. Even then don't compromise by eating unhealthy. Eating well keeps your brain and body in such health that you are able to work more efficiently. Also you will save money when you don't get sick so easily as you would if you ate unhealthy.

It's about priorities. And health should be your priority nr 1.

If you really understand the principles of investing, this is very different from gambling. Because you have a plan for investment, you should really understand the concept of investment. As well as the basis for the future prospects of the project to be invested, what are the opportunities and most importantly the worst risks (losses) that can occur.

Therefore we need to do investment baskets with the method "Don't put all your eggs in one basket, which means never invest with all the capital you have in one place or just one company. Why? Because if the investment fails, then all the capital you have will also disappear".

Thus at least the risk of loss that occurs from several projects that you invest can still be covered by other projects.

Both are necessary in our life. People will face problems in life, that's just how life works. Every investment carry risks. none of them are 100% guaranteed to give you profits. You should never expect that from any investment. I do agree that keeping money as it is will only decrease it's amount and value overtime! But if you loose all of it in search for where to invest, at the end of the day, you won't have anything on the table to feed you. There's a saying, " You can not think straight with an empty stomach". Keep what you need to live your daily life. After that, invest with what you can save up, or what is available. It should not interrupt your daily life flow or your living.

You are suggesting about investing in crypto. Every investment has its own risks which I have said earlier. But remember, cryptocurrency investment carries much more risks than other investments. All the seniors here will suggest you to invest what you can afford to lose. Also never invest all of your assets in one go. If you think from that point of view, it's not a bad thing to look for what to eat! People needs to survive and not all of our life and situations are the same. So if one can live their life on something that they are doin, then it's a good thing. Maybe they can make a comeback later on . Who knows.. So let them be. Failure is the piller of success.

Investing and saving don't have to be in large amounts at once. Well we can set aside from every income we get every month. 10-20% or whatever that is as long as it's pretty cool money. then it could be a pretty good investment for our future. I personally prefer to make two types of investments namely Physical investments and Digital Investments. and for Digital investment of course in Bitcoin is the most suitable thing and what I also choose at this time.

You are right, if someone is still having difficulty financially then they will not think about saving or investing. What they will think about is being able to eat every day, which is more important because it will sustain their life, but for those of us who have been said to have sufficient income and finances stable enough, you need to think about the future by investing in several fields while there is still money, so take advantage of that opportunity, don't ever waste it on things that are not important because one day it will be a regret when you are old you can't produce anymore.

For me investment is important, while we still easy to have a steady income every month, plan to invest as early as possible, it doesn't take much, even setting aside 10-15 percent of your salary is good enough, especially in Bitcoin, of course there is a large potential for multiples.

That's the fact because some of us have families to support, how can we invest the little money we have while going without food? Food is very important to us; otherwise, how would we have the energy to work harder to earn more money? It can't be possible we will be weak; what if, as he said, we invest the money and never sell a cent from it? Even if we do decide to sell it, what if it's not the correct moment of the market and we are in loose, that's not even a good concept; we should look for food first before investing the little amount we are earning.

And actually it also depends on the situation and condition of the person. If someone is having financial difficulties and even has difficulty buying food, the main priority is of course food. But if someone is in a condition that is financially secure enough where he can eat enough and has enough income to meet all basic needs. then someone is indeed advised to be able to save and invest for the future. because we must have hope and better financial conditions in the future. and we have to start planning and start investing from now on.

Many people valued food more than what is giving them money to provide the food because they understand that the food they eat that is what they will go with if they live this Earth and this is the number reason they are been drawn backward in life, we must learn how to value what gives us money to provide our needs before everything other things.

While some are busy investing on physical asset some are getting busy with the runnings after their own stomach, we must know that the stomach will never be satisfied irrespective of what we offer it or have been offering it over time, but when we invest, it gives us right and access to have what to eat in the future but the stomach investment sterve us in the future, it's now our choice to choose which best fit for us to invest on.