Topic: Our decision making is responsible for the outcomes in our ways - page 6. (Read 1700 times)

I think there are people like this who will always squandered all that they have before looking for ways to earn more money.
People like this don't understand the term 'save for a rainy day' because to them their enjoyment comes first.
The problem is there is no convincing such people, only life can teach them a lesson that's if they will ever learn.
You can only keep advising him as a friend but the rest is up to him to figure out.

A friend of mine goes wild at me whenever I talk to him about his reckless spendings, he ask me what would be  accounted of his money if not enjoyments?
This is a kind of guy that feels relaxed when he has an attractive amount of money in his bank account and then feels he is only supposed to go after making more money only when he is running out from the one already accumulated and spent.

There are people that don't want to get noticed with how reckless they are with their spending habits. Instead of giving thanks to you for reminding them to be wiser with how they spend money, they're going to tell you to stop doing that and mind your own business. Well, the concern is there and if you're a true friend, you'd definitely be happy that someone is looking after you. Because if not, no one's gonna be there to correct you out with these mistakes that you do. Other than that, you know that all actions that we do have an equal reaction to our lives. So, if you do good then you know that something good is going to comeback to you.

It is completely baseless to think that money has to be spent only when there is money. When we have money, we need to plan our future better because when we don't have money, it is difficult to implement those plans. In our life, everyone has their own plan, in some of their own plans, many people do not think those plans are right or many people do not like that plan, it is not a big thing at all, the main thing is that you are able to work according to the plan that you have planned. If your friend tells you that you don't spend money and you only save money, then I would say that you don't need to spend extra money because of that. You spend as much money as you need to spend and don't pay too much attention to what anyone says or does not say.

Money can be a confusing beast. You work hard to earn it, but if you don't manage it well, it can all disappear faster than a slice of pizza. The key is finding a balance. We all deserve a little fun – a vacation to that dream beach, that new gadget you've been eyeing – but not at the expense of our future selves.

Being smart with your money doesn't mean being a total Scrooge.  Think of it like building a boss life –  you gotta take care of the essentials first – that's your foundation.  Then, you can start thinking about saving and investing for the future you. The cool thing is, once you've got that base covered, you can totally reward yourself! Treat yourself to a concert, a shopping spree, whatever floats your boat. It's all about finding that sweet spot where you're taking care of business and having some fun along the way.

That's right, if we don't do this in a balanced way and we tend to focus on just one thing, of course it will be very difficult for us to make ourselves happy, when we spend the income we have uncontrollably, we will experience financial problems when we get old and If we just sit at home and use all the income we have to save, of course we will never be able to feel happiness in the outside world, of course everyone will not be able to stay at home and people will not do anything that makes them happy.

Of course we have to enjoy the results of what we have done so that we will again have the enthusiasm to produce higher quality work and always set aside some of the income we have to save and if possible, we can invest for our future.

I think there is a balance between these two. I agree that reckless spending is not a smart idea, but also you can't just have nothing neither, you can't just sit at home eating noodles all day long, you need to spend some quality time to be happy as well. I am not saying go out and spend every dime you have, of course be careful with what you are spending but also you should not be living no life neither, that would not make sense at all.

Find that sweet spot where you spend most of your money and you still do fine, that would make a lot more sense, it would give you benefit of living a good life but also saving a small amount. Like saving 10% of your money each month should be more than enough for most people.

It can be concluded that a persons true character is shown when they have money, lots of it.
Money is power as we can agree on and when someone who came from a very poor background or has lived in the streets, feeding from hand to mouth and without a place to call a home, happens to come into some of it in an amount they haven't seen before, it becomes intoxicating to them because they are now more than able to afford the things once craved for and worse is the fact that they become over protective of the wealth in that, no one, be it family or friends can make them or tell them what to do not.

It takes a disciplined person with principles and values to be able to properly manage wealth. That's why, not just education is important, but financial education, so that how to manage the wealth we have will come easy when making decisions that would impact our finances, directly or indirectly.

...

A friend of mine goes wild at me whenever I talk to him about his reckless spendings, he ask me what would be  accounted of his money if not enjoyments?
This is a kind of guy that feels relaxed when he has an attractive amount of money in his bank account and then feels he is only supposed to go after making more money only when he is running out from the one already accumulated and spent.

How on earth would someone give chasing after income holidays even when you do not have more than enough and not up to the age of retirement yet?

And after squandering all that he has saved he goes about requesting to borrow money.
I have talked to this guy on several occasions but he feels I am a pest disturbing his dear life.
As at this moment, the country is encountering very high rate of inflation which stuffs doesn't go fair as before  leading him sold his car and being struggling to pay his bills while living in the city and at now, he does not have a place of residence of his own so he jumps from one place to the other passing his night's.

He is now the pest perching on any available places conditionally while inconveniencing others.
He now lives a low key with the best he can afford.
"Had I know" is now a national anthem to him.
I don't find his ignorance to be an excuse and I am thinking of disassociating from him before he gets me  affected with his negative possesed energies.

For many people to achieve their goals, the money they earn must constantly increase. Needs never end, on the contrary, they constantly increase and you have to increase your money to meet these needs.

Being financially mature should be one of the most important elements that can be discussed on this subject. Financial maturity is something that is hard earned but provides great benefits when achieved. Many people experience many things to gain this maturity, and financial maturity can occur as a result of these experiences. It is not something that happens all the time, but when it happens, it is very beneficial to the person.