Topic: Planning avoids unnecessary expenses - page 5. (Read 1010 times)

Planning before implementation might sound like a good idea but if care is not taken one can still backslide during implementation. That being said, Pele - one of the greatest footballers already said  "No one can win a game by himself". The best way is to welcome ideas and possibly team up with someone.

Many time in our life we are hit by luck and many time we are hit by bad luck.
Sometime planning doesn't even work. Having a good game plane fails most of the time. It has happened with me many times

You are right sir, but something came into me to say; I quote from my uncle who said "what an elder will seat and see even though you climb an iroko tree you can never see it". Actually this quote made me very weak after I finished discussing with him, car or taxi business is good but also considered the risk involved will drive, to me is too risky because it involves life and death. Driving means your life is at 50/50 whenever you are driving on the highway and one had an accident there is every probability one could lose his life.

Boiled down to the landed property,  flood is not permanent, as a matter of fact within the South South region was filled with water in my country and after 30 days plus all water were off and you gets back your lands applicable with buildings. As per government taking over your property, this might be one might have committed any fraudulent activity or building in an unauthorized place before the government could seized up your belongings. So my dear friend, I have reasoned it verbally and quantitatively before paying heed to him.

I read every line of your story and I like the perspective you shared. However, there could've been another dimension to the whole thing if everything had gone awry, don't you think so? I said that because I've seen both private and residential buildings burnt to ground zero and the invested cash gone. I've seen filling stations burnt down too. I've seen people's lands bought with their hard earned money grabbed by government and other grabbers. I've seen lands swallowed by flood and rendered useless. This is to show you that every investment is a risk. Have you ever thought that if you had gone into the taxi business it would've turned out better for you? It could be.

I remember when I was getting into this online trading stuff and family members didn't support it. They wanted me to focus strictly on offline doings. Today, I'm better off and happier that I didn't heed their advice. Sometimes, it's good to stick to one's gun. I'm just saying, anyway.

Is good to plan, don't live your life on a plata of Gold. The first time I had bulk money was during my higher institution days, as a student we know and hear too many things but only few chose to do something, opportunity of MMM, crypto currency and Achievers forum sorry mentioning them here came to me in school and I grasps it and as God may have it, I make a lot of money but the first thing that came to my mind was to buy car, I bought two cars, place one as a taxi and one private use as school big boy but non of this happen to play out well.

The Taxi cab had an accident and piece in bits and I sold it out auction price, same thing happen to the one I was using in school and it was a tragedy scenes, it was sold as Scrabs. I used the remaining money to live extravagant lifestyles, going out with friends, carrying girls to where we can't ordinarily afford bills, buying wears we don't need, gadgets and accessories we don't match our income or status but all this turn out against me. I lost almost everything, for two years after my school I could afford a dime, no job, no source income, I have nothing in my bitcoin wallets, life balls back to zero level.

Today I can boastfully said this not to impress you or give you a plan but is good to plan your life, know what you want per time, avoid impulse buying, avoid competition, avoid extravagant lifestyle, have a routine, draw your scale of preference, learn forgone alternative principles. Life on earth is short if you can't get it right, and life is hell if you're not living it right.

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it is the best way, looking for more income to cover all possibilities that cannot be estimated.
in this life we have planned in such a way as to maintain the financial stability that we have, but sometimes many unexpected things happen, such as losing control in life or disasters that occur, we cannot be prepared because that time will come by itself, but what we have to do is try our best to keep saving and looking for other income if time still allows and our income is still lacking.

I'm a spendthrift, so I always go beyond my monthly budget, and sometimes borrow from my investments which I repay the moment I get my money back anyways. So this goes to show that not only do you have to have a plan, you gotta follow it through as well because plans are just a rule for you to follow, and some rules could be broken. With that being said, it's inherently great to always plan your expenses as that is the first step towards effectively knowing how to budget, because at least now you where your money is coming from and where it's going to. Ultimately, the journey towards being financially literate in practice is a little arduous so the dedication is necessary to pull through.

Today I can boastfully said this not to impress you or give you a plan but is good to plan your life, know what you want per time, avoid impulse buying, avoid competition, avoid extravagant lifestyle, have a routine, draw your scale of preference, learn forgone alternative principles. Life on earth is short if you can't get it right, and life is hell if you're not living it right.

Failure to plan make one a failure already. Every success made in life is from a well defined plan. For example, going to store without an adequate plans make you end up in buying unnecessary things leading to a waste of money.

Failure to plan make one a failure already. Every success made in life is from a well defined plan. For example, going to store without an adequate plans make you end up in buying unnecessary things leading to a waste of money.

Sometimes expenses goes beyond your budget and planning, if that happens will you deprive yourself of the access to the money? We can always have a budget plan for our daily needs and expenses, but cannot be overly dependent on because of unforeseen circumstances which can arrive at any time.

Failure to plan make one a failure already. Every success made in life is from a well defined plan. For example, going to store without an adequate plans make you end up in buying unnecessary things leading to a waste of money.

Quick tip: you can have an emergency fund(or whatever you want to call it — maybe unexpected expense fund) for exactly these types of circumstances where you have unexpected expenses/bills. So yea, it still can be planned.

The best thing is that you had to learn this lesson the hard way, and now at least you can make changes in the future based on what you have learned. From the proverb "he that does not plan is planning to fail" from your story whenever you remember the cars and all the tragic incidents it's all a painful situation, living a luxurious life that you could not afford, and phones that are beyond your budget. I really appreciate the information you provided, and I think planning is crucial in onces life with this you can avoid unnecessary expenses.

Of course it's nice if we can fully control our expenses or living costs, it's not easy to do something like that especially when we are already married, even when I was single it was very difficult to avoid the temptation of unexpected expenses, now everything is easier if we can have a strong commitment to be strict in spending, don't eat at restaurants too often, it's better to bring food that we prepare ourselves at home.

Of course it's nice if we can fully control our expenses or living costs, it's not easy to do something like that especially when we are already married, even when I was single it was very difficult to avoid the temptation of unexpected expenses, now everything is easier if we can have a strong commitment to be strict in spending, don't eat at restaurants too often, it's better to bring food that we prepare ourselves at home.