Reckless financial decision ? | Bitcointalksearch.org

mvdheuvel1983

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Quote from: Fara Chan on March 16, 2024, 09:54:56 AM

Quote from: Ben Barubal on March 15, 2024, 03:10:16 PM

So what you mean is that as long as you feel contentment in life, because you are not poor and you are not very rich either, but you enjoy everything you have now, it can be said that it is rich. And you are happy that whatever you have now is real wealth.

The true happiness that material wealth can't buy is quite beautiful, and I agree with what you say. It's based on my understanding of what you mentioned, which is why I said it like this.

A person who is able to feel satisfied with what he has is indeed worthy of being considered a rich person, because apart from that, that person has not experienced any difficulties in his life. Such a person can always enjoy what he has so far without caring about other people's possessions or comparing them with what other people have.

Because the only thing that most people have is that they continue to compare what they have with what other people already have so that they continue to consider themselves poor. In fact, if only he could still be grateful for what he currently has, of course he should be considered a rich person because he doesn't make many comparisons with what other people have.

Sometimes comparing yourself with others helps you to understand that you still have a long way to go if you are into some kind of investment, if you are a celebrity and so on but that doesn't mean that you won't appreciate the level that you are or what you are doing at the moment but you will always strive to get better and do more knowing that so many people are still ahead of you in your area of specialization.

When what you have can't match what others have it doesn't make you poor rather it helps you to go back and put in more effort because everyone wants to be the best and being the best you must be at the top always.

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Quote from: Gormicsta on March 16, 2024, 09:30:21 AM

If they are not considered early on, the consequences will be negative in the long run.

A musician refusing a deal is nothing out of the blue, these things happen every few days and with the record labels and their predation on the music industry, we are bound to see these things happen but not every one of them makes the headlines out there.

You never know the full story - there are many under the table deals being done in the music industry it is one of the most corrupt things in this world behind all the glitz and glam.

Reckless or not, they will end up dealing with another label.

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Quote from: ndutndut on March 16, 2024, 06:32:57 AM

Actually, the purpose of life is to enjoy life, what's the point if you keep looking for money until you don't have time to enjoy life? I understand what he means, being rich is actually simple, all you need is enough, there are no shortages and not having bills or debt is already happiness in life.

Indeed, on the one hand, money can buy happiness. That's clear. With money we can provide for the people we love and that will give us happiness. However, happiness itself can actually be obtained without needing money, aka free, namely by being grateful and learning to enjoy what is there. But still, money helps increase happiness. However, if money is not used wisely, it can actually bring sadness and even disaster. Basically, we all have to avoid rash decisions in our finances, because wise decisions will make us rich.

In fact, I think it's very likely that we have bills that have to be paid every month, such as water, electricity, and maybe wifi. Indeed, life should be enjoyed, because of course if we continue to earn money there is a chance that the mind will become stressed, therefore when the holiday time comes we must be able to pamper ourselves because in my opinion it is a must also because it is a way to calm the mind. by going on holiday or by shopping with the money earned from our work, it doesn't matter.
It's true what you say that money can help increase our happiness, but even so, I don't think everything can be bought with money. I agree with you that if we can't manage our finances well then it will probably be a problem for us too, when the money runs out what will happen is confusion. Therefore, when we have money we must be able to manage it well, including expenses. so that there are no regrets at the end.

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Quote from: Ben Barubal on March 15, 2024, 03:10:16 PM

So what you mean is that as long as you feel contentment in life, because you are not poor and you are not very rich either, but you enjoy everything you have now, it can be said that it is rich. And you are happy that whatever you have now is real wealth.

The true happiness that material wealth can't buy is quite beautiful, and I agree with what you say. It's based on my understanding of what you mentioned, which is why I said it like this.

A person who is able to feel satisfied with what he has is indeed worthy of being considered a rich person, because apart from that, that person has not experienced any difficulties in his life. Such a person can always enjoy what he has so far without caring about other people's possessions or comparing them with what other people have.

Because the only thing that most people have is that they continue to compare what they have with what other people already have so that they continue to consider themselves poor. In fact, if only he could still be grateful for what he currently has, of course he should be considered a rich person because he doesn't make many comparisons with what other people have.

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Spending too much, gambling, and lending can all lead to risky financial decisions, putting people in essential financial problems and making them impoverished without their knowledge. And sometimes there is an absence for learning or assets accessible to help people learn about financial matters, and they will need to learn about the basics of private finance, such as money management, budgeting, and deploying funds which can help them know and make better financial decisions, and they can learn this in school, as well as from their parents. If they are not considered early on, the consequences will be negative in the long run.

ndutndut

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Quote from: Ben Barubal on March 15, 2024, 03:10:16 PM

So what you mean is that as long as you feel contentment in life, because you are not poor and you are not very rich either, but you enjoy everything you have now, it can be said that it is rich. And you are happy that whatever you have now is real wealth.

The true happiness that material wealth can't buy is quite beautiful, and I agree with what you say. It's based on my understanding of what you mentioned, which is why I said it like this.

Actually, the purpose of life is to enjoy life, what's the point if you keep looking for money until you don't have time to enjoy life? I understand what he means, being rich is actually simple, all you need is enough, there are no shortages and not having bills or debt is already happiness in life.

Indeed, on the one hand, money can buy happiness. That's clear. With money we can provide for the people we love and that will give us happiness. However, happiness itself can actually be obtained without needing money, aka free, namely by being grateful and learning to enjoy what is there. But still, money helps increase happiness. However, if money is not used wisely, it can actually bring sadness and even disaster. Basically, we all have to avoid rash decisions in our finances, because wise decisions will make us rich.

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Quote from: franky1 on March 15, 2024, 01:45:54 PM

basically when you are content in the position you are in that you have no need to be rushing to grab more of waste your life/time on some method of earning money that presses against your freedom

you dont need to be a billionaire or a millionaire, but if you can find a level where the finances you have offer you freedom to not stress over bills or worries of debt. where you dont need to chase money. then you are defined as wealthy

Exactly, this is a good answer to be honest and this is all about contentment in life. If you're earning just fine and you're not in a rush or pressed in doing your grinds then it doesn't mean that you're poor but you're even better than the others that have been pressed with all of their hours doing jobs all day long. While you, if you're chilled and doing the normal thing day in your life and still gets that income that you need to survive, you'd still be the happiest because no worries with debts, obligations and your bills are paid enough.

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Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?

I don't there is there is health benefits in smoking cannabis, I have not seen any person come publicly to say that this is exactly what I benefits in taking weed except for confidence. Many musicians go on stage when they are high witb something like that, if the musician cannot perform on stage without a weed, then I see no reason why hw decline. It's even difficult to see an actor that is not involved in smoking and drinking expensive shit just to get high.

I just want to point out another thing, the million dollars might be reported as his but I think this decision wasn't rejected alone by only the musicians because if he get paid, what he might have at the end of the show might be 50% depending on what they deal on th contract between the celebrity and the rest of crew that are working under him.

Another reckless financial decision I think before underrated is drinking of water expensive alcohol, these lifestyle are the one of the most faster way you can become poor and call for bankruptcy when they grow old without having anything on their accounts.

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Quote from: Ben Barubal on March 15, 2024, 03:10:16 PM

Quote from: franky1 on March 15, 2024, 01:45:54 PM

i was asked a couple questions the other day .. and when answering it reminded me of this topic

how wealthy was i
how does it feel to be wealthy

and i summed it up to a single answer
when i am in a position where saying no to money brings more comfort, freedom and autonomy compared to saying yes to money

basically when you are content in the position you are in that you have no need to be rushing to grab more of waste your life/time on some method of earning money that presses against your freedom

you dont need to be a billionaire or a millionaire, but if you can find a level where the finances you have offer you freedom to not stress over bills or worries of debt. where you dont need to chase money. then you are defined as wealthy

So what you mean is that as long as you feel contentment in life, because you are not poor and you are not very rich either, but you enjoy everything you have now, it can be said that it is rich. And you are happy that whatever you have now is real wealth.

The true happiness that material wealth can't buy is quite beautiful, and I agree with what you say. It's based on my understanding of what you mentioned, which is why I said it like this.

This would really falls into someones perception in life on which we do know that contentment would really be definitely be varying into someones personal point of view. Yes, its hard not to have that
financial freedom or simply being wealthy because we know that money does really play a huge role but not everything talks about money. If someone have really that restricted on the freedom
that he currently have then no matter how good the offer is but on the time that he do felt out such restriction then he/she would definitely be rejecting it out no matter how wasteful it would be.

We do have our own decisions in life on which it would really be just that a common approach to have when someone whose really been that struggling on getting millions
but just that been easily be rejected by someone? Its normal to have that kind of reaction but this is something that you would really understand.

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Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?

I saw this highlight pop up sometime on the web with a musician haven’t abandoned to deal on a show for not allowing him to smoke weed.
Well, what’s there to understand is, this individual isn’t someone that is going through a tough time and will have far more opportunity to increase his wealth in less than a month. All it takes is to plan another show, a tour or release a song and keep getting money through the various monetized media his got.

It might seem like a pretty bad choice but, for someone to be able to let loose such a huge deal for an outlaw on smoking, you should be talking about an addiction problem and what this drug aid this one individual in archiving on the stage. When this isn’t the case, then you might not get to enjoy the show.

To me it’s a person’s specific decision and he made his. For me, am drug free and with that, it seems it’s not a very good decision. He’s lost a small opportunity to impact lives, gain more fan base and have others benefit on his team.

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Quote from: franky1 on March 15, 2024, 01:45:54 PM

i was asked a couple questions the other day .. and when answering it reminded me of this topic

how wealthy was i
how does it feel to be wealthy

and i summed it up to a single answer
when i am in a position where saying no to money brings more comfort, freedom and autonomy compared to saying yes to money

basically when you are content in the position you are in that you have no need to be rushing to grab more of waste your life/time on some method of earning money that presses against your freedom

you dont need to be a billionaire or a millionaire, but if you can find a level where the finances you have offer you freedom to not stress over bills or worries of debt. where you dont need to chase money. then you are defined as wealthy

So what you mean is that as long as you feel contentment in life, because you are not poor and you are not very rich either, but you enjoy everything you have now, it can be said that it is rich. And you are happy that whatever you have now is real wealth.

The true happiness that material wealth can't buy is quite beautiful, and I agree with what you say. It's based on my understanding of what you mentioned, which is why I said it like this.

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i was asked a couple questions the other day .. and when answering it reminded me of this topic

how wealthy was i
how does it feel to be wealthy

and i summed it up to a single answer
when i am in a position where saying no to money brings more comfort, freedom and autonomy compared to saying yes to money

basically when you are content in the position you are in that you have no need to be rushing to grab more of waste your life/time on some method of earning money that presses against your freedom

you dont need to be a billionaire or a millionaire, but if you can find a level where the finances you have offer you freedom to not stress over bills or worries of debt. where you dont need to chase money. then you are defined as wealthy

wxa7115

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Quote from: AmoreJaz on March 09, 2024, 03:36:24 PM

Quote from: 0t3p0t on March 09, 2024, 05:50:20 AM

Maybe that celebrity has already had a multi-million dollar asset or even have a better deal with other organization or the deal might provoked his pride and principle so he/she don't bother accepting that deal but I don't really know I could be wrong on this. If that is what makes that celebrity comfortable then he/she has the right to do that as long as he/she do it legally and for me it is not a problem as it is based on personal preferences.

I can say, maybe, the celebrity doesn't have the dire need of that money. So he just ignored the deal and just want to go on with his lifestyle. The amount may matter to some but for people like him, it seemed he didn't care about it. And that's his own business.

For us, it is a reckless decision. But for this celebrity, what matters most is he continue what he's doing in his life. He is finding satisfaction with it so be it.

While there are some decisions that we can say are mistaken no matter what, when evaluating most decisions we have to take into account the circumstances that surround it.

A person which refused millions of dollars in order to keep a specific lifestyle, and that did not had such an amount on their bank accounts is without a doubt making a mistake, but if another person took the same decision, but that amount of money only represents a fraction of their wealth, then we cannot really say they took a bad decision.

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Quote from: 0t3p0t on March 09, 2024, 05:50:20 AM

Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?

Maybe that celebrity has already had a multi-million dollar asset or even have a better deal with other organization or the deal might provoked his pride and principle so he/she don't bother accepting that deal but I don't really know I could be wrong on this. If that is what makes that celebrity comfortable then he/she has the right to do that as long as he/she do it legally and for me it is not a problem as it is based on personal preferences.

This is exactly what I imagined the situation to be. Even I said no to some money in my time, and it did turn out to be a bad financial decision but it required me to quit my work and work for someone else and I love my boss and didn't know them so I decided to reject that offer, turns out it would have made me a lot of money but I never regrated it, because who knows maybe they wouldn't have paid me, I am happy where I am.

That celebrity may have felt like me, he/she is happy where they are, and did not needed the money and could just keep on doing what they are doing, could have been quite normal for a lot of people who already have a chance. You need to offer someone who has nothing and must accept, and if they reject too, then maybe it is a wrong decision.

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Quote from: 0t3p0t on March 09, 2024, 05:50:20 AM

Maybe that celebrity has already had a multi-million dollar asset or even have a better deal with other organization or the deal might provoked his pride and principle so he/she don't bother accepting that deal but I don't really know I could be wrong on this. If that is what makes that celebrity comfortable then he/she has the right to do that as long as he/she do it legally and for me it is not a problem as it is based on personal preferences.

I can say, maybe, the celebrity doesn't have the dire need of that money. So he just ignored the deal and just want to go on with his lifestyle. The amount may matter to some but for people like him, it seemed he didn't care about it. And that's his own business.

For us, it is a reckless decision. But for this celebrity, what matters most is he continue what he's doing in his life. He is finding satisfaction with it so be it.

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Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?

It depends who the person is and how buoyant the person is financially. If this decision is taken by some who has money already it will be considered not as a bad decision but if it is some that has never made such amount of money I don't think it will make any sense to miss such an amount of money like this, for sure it is going to be a bad financial decision.

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Money matters – it's the fuel that keeps our lives running. But deciding how to spend, save, and invest can be a tricky tightrope walk. One misstep, and you could find yourself dangling precariously over a financial abyss. Context matters. Turning down a lucrative career to pursue a passion project might seem crazy for someone struggling to make ends meet, but for a wealthy individual, it could be a calculated risk worth taking.

It's all about proportionality. A middle-class smoker rejecting a job for a smoke-free policy might seem like a foolish overreaction. But maybe they have health concerns or a strong conviction against compromising their values. The key is understanding the potential consequences and making a decision you can live with

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Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?

Maybe that celebrity has already had a multi-million dollar asset or even have a better deal with other organization or the deal might provoked his pride and principle so he/she don't bother accepting that deal but I don't really know I could be wrong on this. If that is what makes that celebrity comfortable then he/she has the right to do that as long as he/she do it legally and for me it is not a problem as it is based on personal preferences.

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Quote from: fullhdpixel on March 07, 2024, 09:45:24 AM

Quote from: MarjorieZimmermanGinger on March 04, 2024, 03:49:32 PM

There are many people who make reckless decisions in this world when considering financial decisions and no one knows why they make those decisions. There are risks that need to be risked every day and it's not just celebrities because everyone in this world has their own financial conditions. Basically, using drugs is not a good thing because it can affect people's lives if used excessively and drug addiction can also affect other things for the worse.

It's not about drugs or anything, it's about personal lifestyle choices, and some people would never agree to compromise on that. The choice he made was definitely because of this and not because he takes drugs and he isn't allowed to do that and he is addicted and can't help it, it's about self-respect, he couldn't bear the fact that he was refused to do a certain thing that he usually does in his life, and he probably can afford to do that.

Only a person who can afford to refuse such an offer would do it and for them, it isn't a bad financial decision because they don't need the money and they prefer their self-respect and lifestyle more than the money offered to them, which is why they don't consider it reckless.

Once a person has enough money, the last thing they worry about is money, so they can take decisions based only on their personal feelings and beliefs, this may seem odd for people which do not have freedom, but it makes perfect sense for those that are in that situation.

That being said, only the most famous celebrities can remain on the top for long, most other artists have a very limited time in which they can take advantage of their fame, so while they may not regret their decision now, we have no idea if they may change their mind on the future.

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Quote from: justdimin on March 07, 2024, 01:48:33 AM

Quote from: icalical on March 04, 2024, 09:23:06 AM

If this is a performance related work, then it needs more context. Some celebrity feel they could perform better when they do some rituals like smoking weeds before show or other things. So, if they couldn't perform with their best because they can't smoke weed, and they just turn down the job, then it actually is the right decision, saving them from ruining their reputation that might give them even more potential financial loss because they accept a job that doesn't allow them to perform their best and then could ruin their reputation.

A good financial decision is not just about making the most money at the very moment, but how to keep our business, and our client expand and make our income stable and sutain.

That's the part we are missing, saying no to something g that you do not want to work at is not reckless at all, it's your own freedom to say no to things. It doesn't change just because you are a celebrity and you are offered a lot of money. There needs to be a line that you draw, and if you accept everything then it is not going to be something that you can accept, it is just not going to be all that crazy. We should consider it to be a lot more important on the long run at all.

I believe that we are not going to be all that easy to handle, and it is not going to be simple. We should just simply let it be and we could probably not do anything that would get crazy amount of support. We should probably make it work a lot easier.

Most many people make mistakes like that, there is no doubt about that. I understand that people may have some questions on how to balance it and that's why I think we should not really look for anything else. If you can find that then you are going to have pace of mind.

I personally support reckless financial decisions time to time, it makes you feel alive to be fair. I am not saying that you should do it all the time, but when you have a chance, you should. Plus, being in debt, and having a lot of bad decisions that lead you to it, means that it will force you to work harder and make a lot more money. That way we will end up with something that will make a lot of money compared to what we normally make and that's good.

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