There is nothing special that I do to manage finances, everything is like flowing water, I don't want to be too burdened with things that are written, as long as we have a source of income, there will be no problems with our finance.
And if you are not good at managing the finances that you have obtained from any source, then your living conditions will run as usual and also like flowing water without stopping. Because someone who gets money from various sources will also not become very rich if he does not know how to manage his money for life because everyone who becomes rich is a person who is able to manage money well and be frugal in spending money on things that are not really needed. 
Topic: Share your Money management strategy (Read 1305 times)
There is nothing special that I do to manage finances, everything is like flowing water, I don't want to be too burdened with things that are written, as long as we have a source of income, there will be no problems with our finance.
The thing is a lot of people who have a source of income but still can't fulfill their lifestyle since many people want to live in a luxurious style they forgot to manage their finances wisely. Money management is very important and grateful for what we have is the most important in this life so we will never complain about our income.
they had almost everything in terms of finances and capability towards things but they arent that contented and still thriving for more which make people greedy.In terms of money management then it
would be totally different to each person on how they do handle up things but speaking with strategy then you are the ones who would need to discover that because even other people
do share up their own ways but it wouldnt ensure that it would work out on other people.
The simple thing I do for financial management is to always check income and expenses, and of course every month I must be able to save money in the bank so that the future is better, I will not buy anything that is tempting and when there is financial difficulties then the best thing is me not out of the house so there is no expenditure.
There is nothing special that I do to manage finances, everything is like flowing water, I don't want to be too burdened with things that are written, as long as we have a source of income, there will be no problems with our finance.
The thing is a lot of people who have a source of income but still can't fulfill their lifestyle since many people want to live in a luxurious style they forgot to manage their finances wisely. Money management is very important and grateful for what we have is the most important in this life so we will never complain about our income.
For financial management, of course it is very difficult, I have friends who work as a personal consultant for BOS to take care of family finances, and the result is that what is planned is not always appropriate, there are always unexpected things and I think the most important thing in financial management is to continue to increase post income.
What is meant by Op about money management here is in trading, but in managing money in trading and daily life what is needed is discipline to do what has been determined, indeed there will be unexpected things that can happen in everyday life and trading but financial management can reduce the risk of loss.
For financial management, of course it is very difficult, I have friends who work as a personal consultant for BOS to take care of family finances, and the result is that what is planned is not always appropriate, there are always unexpected things and I think the most important thing in financial management is to continue to increase post income.
I will be shared mine, although i am not a pro and this is not a financial advice
But if I trade in futures market I'm only using Lev Max x25, Usually I'm using start from x15
using cross and using 5-10% per each open position and keep margin risk ratio under 10%(Max 20% but its very rare). and when the already running ~80% I'm set SL+ when the market correction and not hit my Target I'm usually do the average
But if I trade in futures market I'm only using Lev Max x25, Usually I'm using start from x15
using cross and using 5-10% per each open position and keep margin risk ratio under 10%(Max 20% but its very rare). and when the already running ~80% I'm set SL+ when the market correction and not hit my Target I'm usually do the average
Some of the simplest, but very useful rules:
- do not eat up and do not spend money on stupid things - invest!
- investment diversification!
- do not invest more than ready to lose!
- study and analyze the market!
- study! study and study again - knowledge is one of the best investments. This provides a guaranteed income. Learn what few people know how to do. Unique knowledge and skills are expensive in the market
- think!
- do not eat up and do not spend money on stupid things - invest!
- investment diversification!
- do not invest more than ready to lose!
- study and analyze the market!
- study! study and study again - knowledge is one of the best investments. This provides a guaranteed income. Learn what few people know how to do. Unique knowledge and skills are expensive in the market
- think!
I think it is much more important to master market analysis such as chart patterns and so on. because if we do not master this, then how will we determine when to enter and when to leave. Financial management is the second most important thing. such as determining the limits of losses and profits. and purchase limits and so on.
these two things are very important. but because it's a matter of trading. then understanding the science of trading should be the main thing. and followed by other important things.
these two things are very important. but because it's a matter of trading. then understanding the science of trading should be the main thing. and followed by other important things.
I agree and I am like a pigeon I close my eyes and turn my face when I face any trouble ....I dont try to solve it with my guts. so I suffer alot
Why are you like that? Shouldn't everyone have the guts to solve every problem that exists, because you will look very wise if you can solve many problems in a good way. After all, someone who runs away from problems and closes his eyes from problems is someone who does not have an optimistic attitude within himself. I don't think that's a very good thing to do. 
Until now I have not been the best technique for managing finances, I learned about the economy in school for more than 8 years, but everything in the theory is always different from reality, it is not easy to make finances according to plan, and I understand that this is real life, not Only theories on paper and based on opinions from people who can only make theory.
You can combine what you know about economics for financial management and I am not sure that 8 years of studying economic theory without any real life benefits, that more than 30% of economics is useful for independent financial management in addition to managing economics in companies and others. Back to the topic, the description of crypto-related economic management in the main thread is very useful and you should study it well to anticipate the risk of investment losses.Until now I have not been the best technique for managing finances, I learned about the economy in school for more than 8 years, but everything in the theory is always different from reality, it is not easy to make finances according to plan, and I understand that this is real life, not Only theories on paper and based on opinions from people who can only make theory.
You can combine what you know about economics for financial management and I am not sure that 8 years of studying economic theory without any real life benefits, that more than 30% of economics is useful for independent financial management in addition to managing economics in companies and others. Back to the topic, the description of crypto-related economic management in the main thread is very useful and you should study it well to anticipate the risk of investment losses. 
Until now I have not been the best technique for managing finances, I learned about the economy in school for more than 8 years, but everything in the theory is always different from reality, it is not easy to make finances according to plan, and I understand that this is real life, not Only theories on paper and based on opinions from people who can only make theory.
The easiest thing for financial management is to make a budget and income, never spend more than income, I have practiced this when there was a pandemic that made some of my income sources decrease, when unexpected expenses occur, we have to shift the budget post.
Those that are spending more than their incomes and has a high expenditure of lifestyle, they have options and one is what you've said that don't spend more than what they earn. The other one is to continue their spending habits but they need to make sure that they add another source of income. That's what everyone needs to do if they can't contain to stop their lifestyle.
They need to increase their cash flow and that's through making another way of making money. It's either maintain what you have right now or increase it together with your income.
Indeed there's always a way to have extra income and it is only possible if you are a preserved person who has visions. It's not always working hard to get big things in life, we should also think straight and smart in investing for us to be aware of what steps we are taking. And also don't spend above 30% of your income for your unnecessary things.
but it would be much more better if you do really have this kind of target or goal in life.
Doesnt matter on which path or way you would really be focusing as long you would really be sticking into your plans and trying to achieve it then there's no harm to try but at least
making yourself aware with the risk always because it all do still talks about money to invest on which everybody doesnt really have.
The easiest thing for financial management is to make a budget and income, never spend more than income, I have practiced this when there was a pandemic that made some of my income sources decrease, when unexpected expenses occur, we have to shift the budget post.
Those that are spending more than their incomes and has a high expenditure of lifestyle, they have options and one is what you've said that don't spend more than what they earn. The other one is to continue their spending habits but they need to make sure that they add another source of income. That's what everyone needs to do if they can't contain to stop their lifestyle.
They need to increase their cash flow and that's through making another way of making money. It's either maintain what you have right now or increase it together with your income.
Indeed there's always a way to have extra income and it is only possible if you are a preserved person who has visions. It's not always working hard to get big things in life, we should also think straight and smart in investing for us to be aware of what steps we are taking. And also don't spend above 30% of your income for your unnecessary things.
The easiest thing for financial management is to make a budget and income, never spend more than income, I have practiced this when there was a pandemic that made some of my income sources decrease, when unexpected expenses occur, we have to shift the budget post.
Those that are spending more than their incomes and has a high expenditure of lifestyle, they have options and one is what you've said that don't spend more than what they earn. The other one is to continue their spending habits but they need to make sure that they add another source of income. That's what everyone needs to do if they can't contain to stop their lifestyle.
They need to increase their cash flow and that's through making another way of making money. It's either maintain what you have right now or increase it together with your income.
The easiest thing for financial management is to make a budget and income, never spend more than income, I have practiced this when there was a pandemic that made some of my income sources decrease, when unexpected expenses occur, we have to shift the budget post.
This is very generally the case, because if a person wants to make his savings safer and not complicate his life, then every expense must always be less than his income.Because this strategy can save someone a little from unexpected expenses when there are things that need to immediately spend some money suddenly.
The easiest thing for financial management is to make a budget and income, never spend more than income, I have practiced this when there was a pandemic that made some of my income sources decrease, when unexpected expenses occur, we have to shift the budget post.
In investing then not all would really be that perfect or ending up on positive which means that mistakes is inevitable or simply talks about error because you cant really make yourself to be profitable all of the time.
Money management will really be always suggested and it would really vary into each person.Effectiveness will depend on someones decision and other related things.
Then you learn how important money is and you are your only true friend. You have to stand-up tall for your rights and stay on the right track.
Of a truth many people don't know how to manage what they have simple because they have surplus order started having it with a surplus that is why some people like the knowledge of maintaining word that have so they are many people today who returned to poverty because of they are not opportuned to control the initial thing they have. If someone want to be in control or control his wealth it should be started from what others have done that is a copy their own strategies of controlling investment because everything get by learning as their physical experience from what they observed before
We learn managing money time to time, by making mistakes and by going through some hard time. But everyone learns through think and thin. But at the end what you learn is you are your only true friend. And what matters is you. So keep yourself healthy and happy!
In investing then not all would really be that perfect or ending up on positive which means that mistakes is inevitable or simply talks about error because you cant really make yourself to be profitable all of the time.
Money management will really be always suggested and it would really vary into each person.Effectiveness will depend on someones decision and other related things.
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