Topic: Take care of your money and learn to save. (Read 2909 times)

Frist we need to lean about money. Most of the people's  saving money for the future growth. Money is teach everything. Tack care and save the money for your future.

You are on point my friend, who cares about what people call me, I live my life the best way I know possible that will be void of any faults or excuses. These people will be the ones that will help you squander the money if care is not taken and will still turn their backs on you and still paint you badly behind your back when the money is no more. They will keep a close distance when it is rosy and you will be almost alone, if not all alone when there is nothing anymore. Many had been affected by this in the past and some people have tested friends in this regard despite just pretending to be poor, but most of the friends failed. So it is better we are wise and smart, it is our money, our lives and our future, and we should plan very well for it, human beings can betray.

This is not about being stingy or not, and not that you will still not dole out money but this must be done sensibly. Like your advice, there should be good portions of the money we make for special purposes. Some could be for retirement savings plans, others could be for investment/business, physical projects that can be called our assets, while the last set may be for what we spend. By this, we do not leave our lives for chance, otherwise, people might feel sorry for the person. I can point to many of them today who are now former rich people due to a lack of smartness and proper planning.

Money is important for everything. So save the money. It help to your future for some critical time. Without mony we can't learn everything. Nowadays money is reaching the every thing. So tack care for your money safely.

Most times it is said that money is the root of all evil, money can't solve all problems, money is this or that. The truth is that money make the world go around. In the early days, !am has to device a way to count their wealth that way how money was created. Money should be of importance to every man as a man without money might be an enemy to many as they will see him as some kind of pest in their life's. Most times you see friends and families clicking around those with money in but what happens when you've exhausted them? They leave you alone as you are of no more Importance. we should learn to spend our money wisely to avoid any future complications.

Kind of mentality where it's easy to spend their earned money comapred with saving it to make sure that they've got something if ever emergency things happen, I agree with your statement that most of those people who are earning money are more on spending it after they've recieved their earnings, not realizing that not every time you'll gonna earn, and what if you lose your source of income what will happen to you? kind of things that you need to prepare yourself, saving and investing will be the best option to make sure that you save something for your future.

You are right because our financial situation are not always the same. If you are rich today, you may not be rich tomorrow. So as you say we need to spend our earned money judiciously even save so that we can enjoy that financial benefit in future. People are told to take care of their money and to save money so that they can put that money to good use later in life i.e. old age. Those who earn money at a young age and spend it in bad ways without thinking about the future may be doing wrong.

Just because you're rich doesn't mean you don't have to take care of money, that's not the case. Money is important at all stages of life, but when in danger, the need for money is most understood. So it is important to learn to save money at least thinking about our dangers.

It's true what you say, even when you're rich it doesn't mean we spend our money easily without good consideration. As much as possible we have to consider every expenditure that will be made to prevent regrets, moreover, everyone usually buys what they want even though it is not that important to them, but just because they want to buy it even though it is expensive they will buy it.

When finances are low or rising, we still have to be able to manage them well, especially when we are rich or have a lot of money, of course when we are in a situation like that, the temptation will be even stronger, there will be a feeling of buying this or that which is not what is needed. When our financial situation is very good, we must be able to take advantage of it by saving or investing it in the long term. Not everyone can manage their finances well so it is not surprising that there are many cases of people who are already working but they only work to pay off their debts, this happens in my own environment.

People who want to be free from financial problems will not waste their money, they will continue to work to make money to save their money or invest so that when the time comes, they can make their money work for them. Using your free time to make money can help increase your income, then investing that money as a form of early anticipation before undesirable things happen. Uncertainty in life can come to anyone, it is necessary to prepare to achieve financial freedom to achieve independence by achieving wealth that can prevent being trapped in the poverty line.

Investing money that is not used for other needs can build wealth when you enter retirement, making money work for you is the right strategy to prevent economic difficulties in old age. So, you need education about saving first before spending money.

There is a saying about, "it is not how much you earn but how much you keep". We need to live with that term because high paying jobs and skills won't last forever. This time is full of uncertainty that even in the most stable jobs, you'll never know if the company's budget is still intact and might do some laying offs.

I agree and don't just save at all. You need to learn to save money for you to allocate that into investments. So, when the time comes for you and you're no longer working, your money is the one that will work for you.

I’m the contrary, I think money legitimately earned through some difficult circumstances are hardly spent carelessly. You don’t find a lot of people engaged in that kind of behavior. That’s because, they often understand the pain it took to make a $ and value it with respect to the log of work that was put in.

On the other hand, money gotten through illegal means (criminal activities), money won from gambling, money inherited, money revived as grants and a couple of other means people can come to have some good money without even have to work for it has turned out to be money that is spent rather carelessly. That’s because, you never really know what it took to accumulate such amount.

It really turns out differently for people. I’m fact, a rich guy would be way more concerned about his generated wealth because, you wouldn’t want to end up being broke. That’s why they hire an accountant and have a management team to look up and manage their affairs.

Well Said is very good to save money more especially as at this youthful age so that before we get to the age of 37-40 we must have saved a lot. probably you can use it to establish a very big business, of course establishing a  business is also part of Investment, the reason why most people find it very difficult to carry out their business plan is because is not well planned.

 if you want to carry out your business plan successfully what you need to do is that whenever time you make profit from your business what you need to do is to divide it into three part. one for the business so as to use it to promote the business, then you can also use one part of the remaining two for feeding, lastly you can use the remaining one to pay for your bills.

No matter how rich you are, you need to be careful with your money because there may be times of danger. Nowadays everyone earns money but very few people care about their earned money. Because people spend their earned money in various bad ways due to which it is seen that they spend more than what they earn.

So we should be careful with our money and even keep it as savings for future so that in case of danger we can use that money and get out of our danger.

If you are frugal, you don't care what others say.  As you learn to be frugal you will surely learn to improve your situation. If you don't listen to the negative words of people in the society and change yourself, you will never be able to improve your situation. Money is the most precious thing to spend your life.  So money is definitely needed in every aspect of life.  If you can use money properly then you can definitely establish yourself.

Everyone should focus on money management. Maybe a person has a lot of money and therefore not taking care of his money is not acceptable. Because some time disaster may come. And during that time he must suffer. So I say money should be valued. Many may encourage the accumulation of money in terms of intrinsic value, but to me it seems that a person can be most profitable investing money instead of saving it. By inflation or any other economic condition of a country, saving money will lose its long-term value. And if one buys land or holds Bitcoin as a fixed asset, he can definitely get multiples of his investment in the long run.

I have no problem with the way it is viewed and or mentioned, I say that your view is also not wrong about this investment and saving, as long as you know the concept or how it works I think you understand it.

But for me there is a difference in saving FIAT and also saving assets, the phrase saving can be placed anywhere without having to force yourself on an object that is fiat money / stablecoin / whose value does not fluctuate, yes in language and in terms it is correct and or in general knowledge it is the most correct thing like what you explained, but for other views like mine that break down the phrase saving not only on collecting money for future use but you can also use the phrase saving for the purchase of assets that you continuously collect slowly for your future.

In this case, I cannot deny that sometimes I also have different thought patterns in different economic or financial situations. And actually this is also my weakness. For example, when I am in good financial condition, I tend to think more relaxedly and tend not to think optimally in terms of maximizing the use and development of finances. but when I'm in a situation where my financial condition is quite bad, that's when I sometimes think harder and actually get pretty good ideas for managing my finances and making good use of my money into something productive. But I always correct myself and try to continue to correct the mistakes I've made so that they don't happen again. Because I made mistakes in managing finances in the past. And I learned a lot from that experience. And the key is discipline and consistency. Investing is something that I always try to do now. And I also continue to save for an emergency fund. It's just that I don't like saving in fiat except for daily needs.

It's not called saving if you are buying an asset with your money, that is an investment, especially if the asset you are buying is volatile and you know it. Saving is when you keep your money in a stable asset and wish to hold it until you need the funds for something in the future.

A person who is buying Bitcoin or any other cryptocurrency with their money can't say that they are saving their money in cryptocurrencies. If one wishes to save their money in cryptocurrencies then they should buy USDT, USDC, or any other stable coin which doesn't gain or lose value over time.

The concept of saving should be clear for people, mixing investments and savings can cause problems.

I like that idea, without knowing that the value of money get lesser even you are not touching it due to inflation though the amount still the same but the value is not, if you understand how inflation works for sure you'll find ways to learn more about saving with investment, finding which assets will allow you to grow your money while you are keeping it.

More on understanding both the risk and potential as you will allow yourself to keep being positive if ever you take part in an investment that you pick to place your save money.

If you have no courage, you will never try investment. Sure, no investment with no risks. It is the reason why people must have sufficient knowledge firstly before they begin investment. If we have knowledge, we can deal with the risks and know how to invest in safe ways. Knowledge is something very crucial in investment, it will determine the success. So if we have enough knowledge, we shouldn't be afraid too much anymore. We will never reach our dream if we never deal with our fear.  

Sure, I am aware that I must be very careful when I enclose the altcoins investment. If you read again carefully, you must realize that I categorize altcoins investment as high risk investment. True, we shouldn't allocate big funds for altcoins because it is very risky, especially for random altcoins. Basically, I only recommend top altcoins only.

What I feel is in terms of psychology where when I have money that I think is a lot, the mind is calm and makes planning seem broad, I mean it's so comfortable that I don't want to go far or save/allocate the money even for business/investment because I think it's safe. Conversely, when conditions push (panic) because it is not certain to get money in the near future / already starting, thinning and want to allocate to franchises looking for more so that the whole and the rest can be used, thinking hard in a short time is useless, because the nature of investment is with a good process and arrangement. the fact that the mind responds where conditions change quickly is natural, but in general a healthy business is when it is free to manage money and can be held accountable for what the flow of funds is for wisely. different if the business is already running and only supplies additional of course developing a business will be lighter in segimngeluarkan the money. If you speak bad words even when our finances are safe, even advanced companies are still being gossiped about. I only focus on what I have and what I will do.