Topic: Share Your Best Money Advice Based on Personal Experience (Read 911 times)
In my opinion to make our finances can improve is always tightening finances, if there are unexpected needs, then the thing we have to do is close or reduce routine things even for eating or consumption, many people use wasteful gas or electricity stoves even though there is a lot of firewood So the easy thing to reduce gas or electricity spending is to use firewood.
It must be said that stress relief at the weekend with relatives and friends is essential for us, both to relieve our psychology and to bond emotionally with family members.
Now show other the money you have and try to avoid people who try to come close to you to get money. Save your money - don't spend on shoes and clothes and unnecessary thing - life is so unpredictable
The temptation to buy at this time is very massive, if before before we present the application easily saves but now the mall is in hand, there is always an offer that looks good so that it makes us sometimes or is forced to buy, now is the time to eliminate all applications that are not Useful, or better use Nokia that has no internet access.
After being fooled and loosing so much money- I think one should be selfish
Now show other the money you have and try to avoid people who try to come close to you to get money. Save your money - don't spend on shoes and clothes and unnecessary thing - life is so unpredictable
Don't always say yes to your relatives and even your friends. Even how badly they need money but it all depends to the situation that they're in. I've seen people say that if it's between life and death then they might say yes. But if it's not that crucial at all, they'll still would say no.Now show other the money you have and try to avoid people who try to come close to you to get money. Save your money - don't spend on shoes and clothes and unnecessary thing - life is so unpredictable
That's the firm rule that I've seen for most people if it's about giving a hand to their friends or relatives because it's your money, you've worked hard for it and you just can't let it go when someone asks you too.
It must be said that stress relief at the weekend with relatives and friends is essential for us, both to relieve our psychology and to bond emotionally with family members.
Now show other the money you have and try to avoid people who try to come close to you to get money. Save your money - don't spend on shoes and clothes and unnecessary thing - life is so unpredictable
I am that stressed that I need to take a break after my work (which is so stressful that I am having a mental breakdown, and I am planning to resign soon).
The more stressed, the more we have to reward ourselves, we work for a better life, not try to torture ourselves. I don't know what kind of work you do that is so stressful, it's not good for your health in the long run. Reward yourself with rest days with family and friends after finishing work each week.My work is also very stressful, and I often spend the first day of the week drinking with friends to relax before returning to work. Many people say that time is money and should not be wasted but if we only focus on the work, it can guarantee the quantity of work for you, but it does not ensure the quality of the work, then that will also become meaningless. So, don't neglect work but take time to take care of yourself and reward yourself with relaxing moments.
It a remote work, but the client is rushing everything, and the work environment I have now is very toxic. Just imagine that you have a lot of workload same as your superior, but the same salary as the lower one that has a lower workload and has time to make a coffee. It is already Friday here, so I am planning to have a beer for this week, as it is a very stressful week for me. Thanks for reminding me to have a drink by the end of the week, lol
If you are not satisfied with your current job, I advise you to reconsider because if you do not feel comfortable at work, it will not only be ineffective but also affect your health. If you are confident that you can find a better workplace with a better income, you should quit, but consider carefully because in this period of economic crisis, finding a new job is not easy.
It must be said that stress relief at the weekend with relatives and friends is essential for us, both to relieve our psychology and to bond emotionally with family members.
For the longest time, I have been thinking about doing this. It seems like the right time is now. All of us have had good, bad, and ugly experiences with money. So now is a good time to offer your two cents worth of financial advice.
Ty question- Based on your cumulative life experiences, can you share your best money advice with us?
I'd go first - Stay out of debt as much as you can.
I would advise that don't allow money stay domant in your hand. Just like the fields, cultivate it then plant and wait for harvest time else weeds will completely take over the field. Now this analogy is based on my personal experience with money this year. I remember coming back from national service this and my last payment in addition to some little savings was what I came back home with, I ended up keeping the money in my bank account and I was gradually withdrawing little by little to foot some bills without refilling only to wake up one morning after about three months later to realize I have emptied the account, cause I never invested the money buy left it dormant in my bank account and was just taking from it without investing it I to something that would have brought in some returns.Ty question- Based on your cumulative life experiences, can you share your best money advice with us?
I'd go first - Stay out of debt as much as you can.
So my advise is: don't let money stay dormant with you.
Another big and major advice is that you should not act like you have when you do not have, that is, don't act rich when you are broke. You should not be ashamed to say you cannot afford something out of embarrassment. Another major reason why you should not act rich when you are broke, is so that people that intend to help you, will not look at you like you do not need help because of your act, when you truly do. I have met persons that their situation needs helping, but they are still too proud or not true enough to themselves to act sincerely, instead they keep telling lies and acting okay, truth is, nobody will force help on you, before someone can help you, you have to help yourself by accepting that you need help.
I don't know what you mean by "help," but I don't agree with you one hundred percent. If you read or watch the stories of people who have achieved success, then they never allow themselves the thought that they have no money, or they should make people feel pity. A person must achieve everything himself and not depend on someone else; this is the first rule of successful people. Acting like a rich person is not about spending your money right and left. Rich people always know how to manage their money, and just thinking that I deserve it and have it or will have it has always worked positively.Or Bill Gates and his high school friend he founded microsoft with or mark zuckerberg or all the people he first worked with. All alone is not possible, nobody has all the talent to build a company all by themselves.
So, spending less and trying to earn more, all of that goes to garbage can some days. I realized, in order to have a bit of fun, you should spend carelessly for just a short period of time. What this does is prevent you from going crazy and stop all together, save for 11 months, go crazy for 1 month, and keep doing that every year so that you would have something to look forward to.
i agree
years ago.(when working, pre bitcoin days) i wasted money. on things like
fast food, clothing. (i used to just buy new socks/underwear instead of washing them)
it would cost me lets say £100 a week of waste money
i too would save up that £100 waste money. and once every 3 months have £1.2k where i would then buy something nice and not care
if i was on my old work pay .. but stop wasting £100 a week
i would put in £350 a month into bitcoin
keep £50 a month and on december have £600 to just abuse on shopping for christmas and not care
Something I recently learned, and something that has been a trouble for me for a long time. Sometimes, you should not care and let go. I know this sounds like the worst type of "investment" idea out there in the whole world, and definitely not something that I support doing in excess. However, we deal with money problems for so long that, someone I care about so much had some health problems and I realized we do not have too much time in this world.
So, spending less and trying to earn more, all of that goes to garbage can some days. I realized, in order to have a bit of fun, you should spend carelessly for just a short period of time. What this does is prevent you from going crazy and stop all together, save for 11 months, go crazy for 1 month, and keep doing that every year so that you would have something to look forward to.
So, spending less and trying to earn more, all of that goes to garbage can some days. I realized, in order to have a bit of fun, you should spend carelessly for just a short period of time. What this does is prevent you from going crazy and stop all together, save for 11 months, go crazy for 1 month, and keep doing that every year so that you would have something to look forward to.
Investment and gambling is of course a different thing, if we invest, of course it requires analysis and prediction whether it will go up or down, but if gambling then does not require any knowledge, only relying on feeling, in investment, of course it requires a lot of things like patient so that it can get profit.
I also see gambling and investing as different things. Because when someone wants to invest, it is certain that he will choose the right asset and is also often liked by many people because such assets can make investors closer to luck if they have time to buy at a cheaper price. Whereas gambling absolutely relies on luck which basically is never close to someone because other people or our opponents in gambling are also risking the same thing to win. 
I have been reading the comments of users here in the thread and I must say that I have learned so much. One very crucial money saving point that I would like to add though it may sound like a contradiction is budget at least 10% of your monthly income or money received from any business venture for charity or to give back. Psychologically, you feel good about it. On the financial side, it makes one become prudent with his money as it builds some financial discipline.
When I was still at work I always recorded any expenses, I didn't want to take risks because I migrated and was far from my parents and it was impossible for me to ask for money again, I exercised strict expense control and was proven to be able to save money and of course I could help my parents.
Investing is not gambling, you can’t just run away just thinking about making a fortune, it’s something you should persevere. High returns and high risks, there is no free lunch in the world, you must first assess your risk tolerance.
In the short term, you may lose money, but in the long run, you may make money. Don't blindly think of the windfall coins that other people have told you. Have your own plan, and don't invest more than your own budget.
In the short term, you may lose money, but in the long run, you may make money. Don't blindly think of the windfall coins that other people have told you. Have your own plan, and don't invest more than your own budget.
Investment and gambling is of course a different thing, if we invest, of course it requires analysis and prediction whether it will go up or down, but if gambling then does not require any knowledge, only relying on feeling, in investment, of course it requires a lot of things like patient so that it can get profit.
I think school falls short, or at least for me and my schoolmates, we were never taught
any financial education. That was reserved for the more academic students.
But it's true, Financial education is so important, everything we do has a financial aspect
or consequence.
any financial education. That was reserved for the more academic students.
But it's true, Financial education is so important, everything we do has a financial aspect
or consequence.
Yes, these are valid questions, and they deserve real answers. It should be a requirement, as important as reading and writing. While it can be true that ignorance is bliss, it is also true that financial education can't fix all of life's issues. However, it sure can help us get started on the right foot when it comes to money. And that, I believe, is worth its weight in gold.
If we do look into different angle then it would really be still that needed and relevant for you to learn up, even though it might not or cant really be used most of the time but at least we do already have the idea
and knowledge into different things.
Personal experience would be always that in life which would be giving that never ending learning and we know that having more is much
better rather making yourself look dumb. hehe
I think school falls short, or at least for me and my schoolmates, we were never taught
any financial education. That was reserved for the more academic students.
But it's true, Financial education is so important, everything we do has a financial aspect
or consequence.
any financial education. That was reserved for the more academic students.
But it's true, Financial education is so important, everything we do has a financial aspect
or consequence.
Yes, these are valid questions, and they deserve real answers. It should be a requirement, as important as reading and writing. While it can be true that ignorance is bliss, it is also true that financial education can't fix all of life's issues. However, it sure can help us get started on the right foot when it comes to money. And that, I believe, is worth its weight in gold.
I am that stressed that I need to take a break after my work (which is so stressful that I am having a mental breakdown, and I am planning to resign soon).
The more stressed, the more we have to reward ourselves, we work for a better life, not try to torture ourselves. I don't know what kind of work you do that is so stressful, it's not good for your health in the long run. Reward yourself with rest days with family and friends after finishing work each week.My work is also very stressful, and I often spend the first day of the week drinking with friends to relax before returning to work. Many people say that time is money and should not be wasted but if we only focus on the work, it can guarantee the quantity of work for you, but it does not ensure the quality of the work, then that will also become meaningless. So, don't neglect work but take time to take care of yourself and reward yourself with relaxing moments.
It a remote work, but the client is rushing everything, and the work environment I have now is very toxic. Just imagine that you have a lot of workload same as your superior, but the same salary as the lower one that has a lower workload and has time to make a coffee. It is already Friday here, so I am planning to have a beer for this week, as it is a very stressful week for me. Thanks for reminding me to have a drink by the end of the week, lol
I am that stressed that I need to take a break after my work (which is so stressful that I am having a mental breakdown, and I am planning to resign soon).
The more stressed, the more we have to reward ourselves, we work for a better life, not try to torture ourselves. I don't know what kind of work you do that is so stressful, it's not good for your health in the long run. Reward yourself with rest days with family and friends after finishing work each week.My work is also very stressful, and I often spend the first day of the week drinking with friends to relax before returning to work. Many people say that time is money and should not be wasted but if we only focus on the work, it can guarantee the quantity of work for you, but it does not ensure the quality of the work, then that will also become meaningless. So, don't neglect work but take time to take care of yourself and reward yourself with relaxing moments.
All activities are related to mentality, and psychologically people who are constantly under pressure because of demanding work tasks require that a person must be able to rest his mind with positive things. Let go of the burden for a moment, take the mood in various ways to gather with family, travel and activities that are positive. Ideally it is like that, but most people torture themselves to keep pushing work outside the schedule, working overtime and finally stress. The work is not complete, but the condition of the body becomes unhealthy.
Actually any job can be more fun if we like it.
For the longest time, I have been thinking about doing this. It seems like the right time is now. All of us have had good, bad, and ugly experiences with money. So now is a good time to offer your two cents worth of financial advice.
Ty question- Based on your cumulative life experiences, can you share your best money advice with us?
I'd go first - Stay out of debt as much as you can.
Ty question- Based on your cumulative life experiences, can you share your best money advice with us?
I'd go first - Stay out of debt as much as you can.
When it comes to money it is very important to be conscious how money is being spent, when one is not conscious how money is being spent it will be very difficult to save money for the future. It takes one to be discipline to save money.
Saving money help to start up projects without having much worries to start up projects. It also important not to depend on loans because the interest in loans can be like the capital that was collected.
I am that stressed that I need to take a break after my work (which is so stressful that I am having a mental breakdown, and I am planning to resign soon).
The more stressed, the more we have to reward ourselves, we work for a better life, not try to torture ourselves. I don't know what kind of work you do that is so stressful, it's not good for your health in the long run. Reward yourself with rest days with family and friends after finishing work each week.My work is also very stressful, and I often spend the first day of the week drinking with friends to relax before returning to work. Many people say that time is money and should not be wasted but if we only focus on the work, it can guarantee the quantity of work for you, but it does not ensure the quality of the work, then that will also become meaningless. So, don't neglect work but take time to take care of yourself and reward yourself with relaxing moments.
The best money advice I received when I was younger and just starting out was "spend less than you earn". I took it to heart and have lived it ever since.
It is easy advice to remember, but harder to put into practice. First of all, start by making a budget. Break down your income into categories to see where everything is going. Make sure to set aside some money for savings, and put that money in a separate account. Your choices will always be better if you plan ahead rather than simply reacting to every situation that comes your way.
It is easy advice to remember, but harder to put into practice. First of all, start by making a budget. Break down your income into categories to see where everything is going. Make sure to set aside some money for savings, and put that money in a separate account. Your choices will always be better if you plan ahead rather than simply reacting to every situation that comes your way.
That's good advice, it's so logical really but very hard to do. So many of us are roped into
the financial system of availing of loans to buy things, some we don't necessarily need.
For the longest time, I have been thinking about doing this. It seems like the right time is now. All of us have had good, bad, and ugly experiences with money. So now is a good time to offer your two cents worth of financial advice.
Ty question- Based on your cumulative life experiences, can you share your best money advice with us?
I'd go first - Stay out of debt as much as you can.
The best financial advise I got is from Robert Kiyosaki's best-selling book "Rich Dad Poor Dad". To be honest the book is a treasure trove of important financial wisdoms you must absorb and apply in your life but the one lesson that really resonated with me is when he said "Financial Education is your greatest asset". You will see people earning huge wads of cash and then blow it up the next day on things they don't even need. And there are some people who get by with a large savings from their regular 9-5. I do not need to tell you who's the more financial literate one and who'd idealistically end up with more money when they retire. That's basically the logic behind it. You need to be financially literate in order to know what to do with your money, because if you do not, you'd end up burning all the money you would earn and you'd end up not saving anything for when you can't work anymore. Ty question- Based on your cumulative life experiences, can you share your best money advice with us?
I'd go first - Stay out of debt as much as you can.
I think school falls short, or at least for me and my schoolmates, we were never taught
any financial education. That was reserved for the more academic students.
But it's true, Financial education is so important, everything we do has a financial aspect
or consequence.
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