Topic: Surviving in this economy needs a new minds set - page 6. (Read 1264 times)

By having a good mindset, of course it will be very good in making good plans because without a good mindset, of course it will be impossible to have a good plan. It is true that to be able to invest, of course you have to have a source of income that you can get. savings so that we can invest because without a source of income it will be very impossible to be able to invest because of course they have to think about their own needs first, so it is important for everyone who has the desire to invest that they have to have a good mindset so they can develop themselves in a better direction than before.

I think investing is also one of the solutions to survive and overcome these difficult economic times, but it is not the only solution. Depending on each person's circumstances and economic conditions, we have solutions that suit us. If we already have a stable source of income and want to increase our income, investing is an option, but if we do not have a stable source of income, we should think about working a part-time job to increase our income.

I agree with you that many people cannot afford to invest but poor people should consider investing if they have some savings in the future. I think investing is the best solution for poor people to have a chance to rise up in society, just like how most of us invest in bitcoin because of that hope.

People nowadays should eliminates the thoughts that they can only earn money on traditional ways. People need to adopt the current changes and trends since to many new methods has been introduce that's why its good for people to adopt so they can survive on harsh economic condition of the world. Sometimes its hard to learn or find ways where to start but if people is eager to learn and spend their energy to more valuable things like getting a lot of knowledge on what are those important thing to know for sure that everyone is happy and gaining on their investments or new job take from their online ventures. People just need to be open minded and have critical thinking since for sure everything might not hard as they think if they know how to adopt on each situations.

OP, how would one invest when he has not survive himself? The only persons whoa re capable of investing in this company are those who have the money to fed for themselves completely in a month without debt and have little emergency savings. There are people in the world today who barely afford their rent, eat 3 square meal a day to mention a few. My concern here is that these set of persons cannot invest so investment should not be a solution on how to survive in this hard economy.

The solution to this is for them to find a skill, start a business and with time they should diversify their income flows from different sources. It might be difficult in the beginning but it wont take them more than a year to balance in that business. Another thing is multitasking, i think they have be involved in several things so that they can gather money from different sources to start a business.

A better mindset would have to be functional following a good plan, else, it's just a wishful thinking.
For investments in Bitcoin, when one has a source of income and can occasionally set aside some funds to follow a plan, the mindset of such an investor would have been reprogrammed to better produce results that fit the plan and ideal goal in mind.
Another thing also is that mindset shift can be a result of affirmations that can influence ones energy and thus manifest results in the direction one tends for it happen.

Exactly, we have to consider the financial condition we have before entering and putting a lot of money in bitcoin, bitcoin has price movements that are not easy to predict, therefore if we enter to buy bitcoin at a high price, for example we enter and buy bitcoin when the price is $70 k and currently the price of bitcoin has collapsed at $58k and we use money that will immediately be used for certain needs, it will make our lives depressed and uneasy because our assets are stuck at high prices.

Well yes, investment would be an option however not all people has the financial capacity to prioritize engaging to investments given that risks are present and that they won't afford the tendency of loss. Personally, best option I guess is to seek for part time or secondary jobs in order to cope up with the increase on the price of marketable goods and services. Not only that you would be able to afford paying those bills but could also create enough margin for savings or investment opportunities. What to do? You may learn new skills that could make other people pay you such as video editing and the likes,well ofcourse not all people are that in line with technology but for sure there are other services an individual could learn and make use of it for extra income. This is not representative to all people due to circumstances but that's something I guess no one has control of.. Another solution is for governments to increase the average salary rate but we all know what is actually happening on this aspect.

Am happy for you having come to the realization that change begins from the a mindset that is attuned to and receptive to it. Still, before one can consider investment in Bitcoin for good return, he/she must first strive to and already have a source of income that can make the dream work.
Also, one thing is that, with responsibility and family or dependants to look out for, comes a mindset shift that may be and is expected to be a positive reinforcement in all aspects of one's life.

Hoping on the promises of the government is a total waste of time since in some cases they are political statements. In some corrupt nations, these budgets are just documents that are never implemented but are used to steal from the people. I have stopped listening to budget presentations by our political leaders because they are filled with empty promises and can lead to frustration.

Creative thinking is a must to survive in this current harsh economy. Relying only on a single source of income might not be able to sustain an individual and family. Seeking other sources of income is now a must for low-income earners due to the high cost of goods and services. Learning a new skill that can assist one secure a part-time job or starting a business are all good sources of additional income. Setting some amount of funds as savings is also important because it could help in investing in viable coins like Bitcoin.

Bitcoin is certainly not the best option for stable earnings these days. Its price is constantly fluctuating, which makes it impossible to count on a steady income. It is especially insulting when, as today, its value drops sharply. If you have a family, then you need to have a huge amount of money in cryptocurrency in order to sustain your family and not worry about tomorrow. Investing in bitcoin can bring profits, but they can also turn into big losses. Therefore, before deciding on such a step as full confidence in earning in cryptocurrencies, you need to work to have a lot of  tokens. For diversification.

We are always in a state of hope and never think about how to not depend completely on the government. The revolution occurred amidst technological advances and job sources were wide open everywhere, but because people didn't want to start, it made everything more complicated. Now to work we don't need an office or special place because internet services are available everywhere.

Life needs to be prepared and now the bad economic conditions have forced people to move to find solutions. Inflation has made several sectors start to have an impact and finally people are starting to have difficulty balancing income and expenses. In the midst of current economic conditions, we as individuals are required to work smarter and optimally because relying on energy/physical does not necessarily mean we can get out of economic difficulties. On the other hand, people take advantage of all the possibilities that exist and they will try something new with the availability of several sources such as investment.

Investing in bitcoin is not bad, but can people do that amidst economic instability? Never mind talking about investment, it is even difficult to meet people's daily food needs. To get out of this problem, we have to work long before it happens because if we work hard when inflation occurs, it is not a long-term solution but rather an effort to minimize the short term.

Yes thinking about bitcoin investment is not a new thing and it will be very difficult for people who do not have enough income for their daily needs, it will feel heavy especially when we need to hold bitcoin in the long run to get a decent profit at least one cycle or 4 years, unless a trader may still be possible but it is also not an easy thing, only a few people can do it to get profit in a volatile bitcoin market situation.

Yes that way can be done as a concept we need to go out to be better in terms of work and income, but if you want to think out of the box again we must be able to produce products that are really needed with the current state of society or have a system or product as a solution to the problems faced by humans today, so that it can provide massive selling power if we can have a problem-solving product.

Every project promised in the budget of government isn't completed and some of them might have the record as completion while all the money will go into the pockets of politicians. As individual level we can get out of this system by making more money in one or other way but as a whole country can get better only if things go right such as from picking the right people to lead the nation.

I agree with what you said, don't expect too much from the government, what we have to change is ourselves, fight your laziness, otherwise you will be oppressed by life. Even though it feels hard, I am sure that one day there will be results. Look at how rich people work, they are very old but their fighting spirit is like that of young people in seeking wealth. If your economy is stable, there's no harm in seeing how rich people maintain their wealth, either through investment or by increasing their business.
We can't just rely on one income to survive, we have to look for ways to generate other new income.

Inflation has appeared in almost all the countries of the world. Almost everyone is a victim of it. Everyone is very worried about their money. Because with inflation there is a possibility of bank bankruptcy. So you should decide to invest in bitcoin while you have time. Also, keeping money in the bank is not worth it.  Can be invested in land, can be invested in gold.  And those who are aware of bitcoin can invest in bitcoin. But investing in bitcoin will be the most intelligent.

Let the mind set be on cryptocurrency investment, because many investors have used it to eliminated poverty from their entire family by saving huge amount of capital to invest in Bitcoin, which is the most favourabe coin you can invest to increase your wealth in the future. If you are still waiting for government budget to affect your life positively, you are wasting yourself time, because the budget will never stop people not to experience hardship in the country which we have experienced such challenge many times from government. Since, many people have discovered that Bitcoin is the best coin to store your money, it has helped many people not to depend on government before they can achieve their plans in the country.

So "thinking outside the box" is investing in Bitcoin? I don't see anything new in this statement, Bitcoin has been an exciting investment for some time, but there is nothing new in "investing", it's not thinking outside the box. Investment in Bitcoin or some other assets should be long-term, I mean we can say that long-term investment will bring profit, but that will not help you in "daily" survival.

Thinking outside the box in this context is having the ability to adapt to new circumstances if you have to... like moving away to some other place where you can have a higher income with the same set of skills. It's never an easy step to make, especially if you are going on your own, just with your backpack, relying just on what you know and your skills. Once you have a stable income it will be much easier to invest in some long-term assets like Bitcoin is.

There's nothing to change in how we think besides the fact that the government and the big businesses are screwing us over and over and that we're all just taking it. The productivity has risen for a really long time but the salary hasn't gone up to any significant level for a really long time and they still keep saying that we're lazy that's why we get paid less when in reality, we're getting paid less so they can have more for themselves. Don't believe the propaganda that changing how you think about work is going to get you that salary you've dreamt of, it will never be the case, you're already working hard, they just don't want you to know that.

There is no denying that in any economic situation, one has to think outside of the conventional wisdom and act upon it for self-improvement. Competition is increasing day by day in the world and to survive and accelerate development in this competitive market, one must think beyond the traditional work. For example, when people plan their future with one field of work, we have to connect ourselves to multiple fields of work. One of the timely considerations is to selectively invest in viable cryptocurrencies. But keep in mind that it is not wise to invest in anyone. Diversification is very important in investing.

If you talk of survival, I'm afraid Bitcoin isn't the perfect choice. Bitcoin doesn't provide you daily, weekly, monthly, even yearly profit. Bitcoin isn't like that. Bitcoin needs long-term hodling for an almost certain profit.

In a difficult economy, multiple sources of income is necessary. On top of your regular work, a side hustle or two will significantly augment your limited income. A small business which you don't micro-manage could also be added. All of these would give you immediate income.

It is only when you have extra savings, surplus in money, that you have the luxury to add Bitcoin to your assets. If you need to continuously roll your funds to be able to earn, Bitcoin may not be for you.