Take care of your money and learn to save. - page 16.

Bd officer

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Quote from: Lidger on May 04, 2024, 02:21:26 PM

People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend. It is a fact that as long as you have money and as long as you spend money behind others people will speak for you and people will be with you but if one day you want to walk with them without spending money then you will find no one to walk with. Since money brings people closer and money drives people away, money should be given the most importance.

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

Yes savings is important in every one of our lives. Because you can't work or do business forever, you won't be able to work or do business when you get old at some point. So if you earn money in your youth and save it, you will not have to face financial problems in your old age. You have to think about the future, none of us know the future. Even if you fall ill and need money for your treatment, if you have savings or investments, you will not face financial problems.

It is true that people will run after whoever has the money these days. But if you just save money, your money will lose value due to inflation, so it is better to invest in some other sector. You don't invest the entire amount. You keep funds for emergencies.

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Quote from: wmaurik on May 12, 2024, 11:47:05 AM

Currently, with the sometimes uncertain conditions in life, it would be better to have savings and investments because these two things should be considered important by everyone without exception. Because in reality, now everyone can see that people who only have savings without any investment that can help them in the future, these people will be more easily approached by difficulties when their savings run out. Likewise, people who only have investments, but no savings, will also find it difficult to maintain their investments for the long term, so both must be present at this time for the sake of balance in avoiding difficulties in our respective lives.

Of course, this will have an impact on long-term financial well-being, but I think this condition is also certainly not all able to do it, especially now. If these two items have been able to be held, I think the family has entered the category of established family class because in addition to their needs being met, they are also able to save funds and easily manage their investments that have been carried out without pressure on primary needs constrained. This is the current reality.

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Quote from: Juse14 on May 12, 2024, 02:24:52 PM

Money, it's easier to spend than to earn it. And if we are not good at managing expenses, let alone having enough money to save, the feeling of not being able to meet our needs for the next month becomes quite difficult.

Therefore, it is quite important for us to be able to manage our income and expenses as well as possible. So that our needs are still met, and we have some money to save. However, for a better future, we not only need the money we save in the form of savings, but we also need to have investments. because we cannot continue to work and make money, there are times when we are sick or approaching old age, so we may not be able to return to work, and this is where investment is important. Because through the investments we have, we will still be able to make money even though we have retired from work.

I think everyone has been taught when they were little to save, and buy necessary things. However, as time went by, this was put aside. It's very true that money is easier to spend. Without good management, the money will run out faster. Many people think that they can make money continuously so they forget to save or invest. They will really feel this when they can't work, and they don't have savings. However, the way to avoid this is to try to invest, and try to save little by little.

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Quote from: Lidger on May 04, 2024, 02:21:26 PM

People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend. It is a fact that as long as you have money and as long as you spend money behind others people will speak for you and people will be with you but if one day you want to walk with them without spending money then you will find no one to walk with. Since money brings people closer and money drives people away, money should be given the most importance.

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

I agree that saving is crucial because our financial situations can change unexpectedly. My suggestion is to build an emergency fund of at least 3-6 months' worth of income while you have a stable job. This safety net can provide a buffer if you lose your job and need time to find a new one.

It's also wise to review your spending regularly. Ask yourself: Am I spending on needs or wants? Can I cut back? This can help you save more.

As for the statement about needing money to maintain relationships, I disagree. It's possible to build relationships based on things besides money, such as shared knowledge, experiences, or values. While it might not always be easy, it's certainly achievable if you bring something valuable to the table, even if it's not money. Grin

KeenanEl19

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Quote from: Juse14 on May 12, 2024, 02:24:52 PM

Money, it's easier to spend than to earn it. And if we are not good at managing expenses, let alone having enough money to save, the feeling of not being able to meet our needs for the next month becomes quite difficult.

Therefore, it is quite important for us to be able to manage our income and expenses as well as possible. So that our needs are still met, and we have some money to save. However, for a better future, we not only need the money we save in the form of savings, but we also need to have investments. because we cannot continue to work and make money, there are times when we are sick or approaching old age, so we may not be able to return to work, and this is where investment is important. Because through the investments we have, we will still be able to make money even though we have retired from work.

In my opinion, this has become a common problem, because it is very real that getting money is difficult while spending it is very easy, especially if we don't have good money management. So it is likely that we will experience difficulties in living our daily lives even though we have money which basically should be enough to survive for the next month. Also, not having money doesn't mean we don't have to not have good money management. Just in case, we should be able to have good money management.

Balancing income and expenses must be done, perhaps one way that can be done is by recording expenses. and when we want to buy or spend money on something we have to be able to consider it well, don't let us do things without considering it, like when we have a lot of money. When we have a lot of money it doesn't mean we can spend money arbitrarily without considering it first. If we already have money and a job, then we must be able to manage our finances well, considering today and the future. with our own future, of course we have to think about it by saving the money we have earned and if it has been collected it can be used to invest, but to invest we also need a good understanding, don't invest without a good understanding.

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Quote from: Juse14 on May 12, 2024, 02:24:52 PM

Money, it's easier to spend than to earn it.

That is so true, you get to earn and work all day long and then spend it within hours or even in minutes.

Quote from: Juse14 on May 12, 2024, 02:24:52 PM

And if we are not good at managing expenses, let alone having enough money to save, the feeling of not being able to meet our needs for the next month becomes quite difficult.

That's why money management is a must for most of us. If you're a hard worker, you need to value time in studying on how to protect your money together with your assets and investments.

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Quote from: 0t3p0t on May 12, 2024, 12:37:44 PM

We should have financial literacy so that we can cope without stress in everything we do with our wealth. That is why rich people has financial advisor so they can seek advice if ever something is bothering them or they want something fixed. For us average individuals we also need to manage our money so we cannot over spend on something we don't really need I mean we should always prioritize our need than wants.

Regardless of our life’s status, we should always learn how to manage our finances. Otherwise, spending without limits and without setting goals will turn our finances going into waste, one thing that we should not let it happen most especially with our hard-earned funds. Instead, make use of your money wisely, learn to save and invest in potential projects or properties. That’s the only way you will grow your money in time. Focus on your needs, not literally on wants so you won’t be spending on useless things.

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Money, it's easier to spend than to earn it. And if we are not good at managing expenses, let alone having enough money to save, the feeling of not being able to meet our needs for the next month becomes quite difficult.

Therefore, it is quite important for us to be able to manage our income and expenses as well as possible. So that our needs are still met, and we have some money to save. However, for a better future, we not only need the money we save in the form of savings, but we also need to have investments. because we cannot continue to work and make money, there are times when we are sick or approaching old age, so we may not be able to return to work, and this is where investment is important. Because through the investments we have, we will still be able to make money even though we have retired from work.

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Quote from: mvdheuvel1983 on May 09, 2024, 07:14:55 AM

Money should planned for, we don't have to spend recklessly because we have it at the present, have we ever think about it if we don't longer have the money, money draw friends close as you have already said but absence of money does the opposite.
Money have to be invested into something meaningful, am not an advocate to saving money, although we can have a little savings for ourselves but the major thing should be investment, investment is long-term venture, when you invest your money, you are building a good future for yourself and you unborn children, I didn't say that savings is not good but I think having your money in the investment is better than keeping it in cash that's why I will always support investment, money should have a good channel to multiply, it should not be stagnant without yielding profit.

This is basically how people usually get rich. If you end up writing down some sort of plan before you even get the money then you would know how to live and what to expect. If you write down your bills, your food expense, your rent etc etc and spend accordingly then you are going to end up with something that will do fine in the end which should be doing fine if you know what you are doing.

I personally believe that the best thing to do right now would be just following that plan that you write. If you go without a plan then eventually you are going to end up spending money that you are not expecting as well. This debt will eventually grow to be bigger and I am sure that it will make a lot of people upset when they realize that they overspent compared to what they make as income.

0t3p0t

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We should have financial literacy so that we can cope without stress in everything we do with our wealth. That is why rich people has financial advisor so they can seek advice if ever something is bothering them or they want something fixed. For us average individuals we also need to manage our money so we cannot over spend on something we don't really need I mean we should always prioritize our need than wants.

wmaurik

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Quote from: erep on May 11, 2024, 04:51:26 PM

Savings and investment are a balance in managing finances for a better life, we cannot possibly only have one of the two which will make it less optimal in managing our finances, so the allocation of savings must still be shared with investments and vice versa for plan B, because we will only use savings for emergency needs without converting the investments we have, unless you need large funds for certain costs then you must have high funds for your needs.

Currently, with the sometimes uncertain conditions in life, it would be better to have savings and investments because these two things should be considered important by everyone without exception. Because in reality, now everyone can see that people who only have savings without any investment that can help them in the future, these people will be more easily approached by difficulties when their savings run out. Likewise, people who only have investments, but no savings, will also find it difficult to maintain their investments for the long term, so both must be present at this time for the sake of balance in avoiding difficulties in our respective lives.

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Quote from: CryptopreneurBrainboss on May 12, 2024, 01:09:30 AM

Quote from: Lidger on May 04, 2024, 02:21:26 PM

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.

Saving should not be an option, saving is a perfect way to go broke because there's no benefit in saving. Instead of saving what you should do is to be investing. Saving puts your money to rest and money shouldn't be resting but active producing more money for you and that's the work of investing. Investing has been made easy this days with the introduction of the internet that birth Bitcoin. You don't need to pass plenty procedures to become an investor anymore, with the right knowledge you can invest from home with your laptop or mobile phone either in crypto or other online investment.

Money needs to be multiplied, don't hesitate to take risk while you still have the ability to work for your money because soon you won't have the physical strength to work for money and it is then that your money would need to replace the hard work by working for you and bringing in more money. If you don't have andy automatic stream of income from Investment or owning a business currently, you have to start working on that immediately so you don't end up going broke.

Investing is popular, and everyone wants Bitcoin. There's no miraculous money machine here. You must first secure your money before multiplying it. Crypto is seductive. It's volatile too. A rollercoaster, not smooth. Not for the faint of heart, this game makes and loses fortunes overnight. You must continually learn, adapt, and take risks. Investing is crucial, but not everything. Never put all your crypto eggs in one basket. That's disastrous. Start with reliable investments. Create a foundation. Only if you can handle the volatility can you dive into crypto

mvdheuvel1983

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Quote from: Litzki1990 on May 05, 2024, 01:08:03 AM

Every thing must have a future plan, if we forget the future plan just to be good in the present, then our future will not be good at all. The OP makes some pretty good points here, we need to think about the time. I spent enough money because I have enough money, but if there is no money in the future, then there will be no money to spend when needed. From the amount of money we have, we have to spend the amount of money that we need to spend, then we have to try to invest a part of the remaining money and try to save a part of it. If the investment can be planned from now and the plan can be implemented then this investment can change the financial status of a person in the future, on the other hand if the person has savings along with the investment then that savings will stand at the risk of the person. So you should plan with investment and savings to have time.

I totally agree with you on people putting more effort to the future than the present,some person has taken it open themselves to continue to lavish forgetting that our future foundation starts now, finances are not meant for lavishing, is not as if we won't purchase some luxury but before we can do that we should have a strong investment that can sustain us even though we decide to purchase whatever we want, I Believe in investing my money in a good asset because rich people today was able to figure out what they can offer as a service to humanity so that they will be paid in return and many of them has spread their tentacles to the extent that they can't be poor again because of the level of wealth they have acquired so far, if we want to be rich there are sacrifices we have to make, those sacrifice will stand as testimony when we finally reach where we plan to be.

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We must be careful about money because money is very important in our life. He who has money can have everything in the world because money can buy almost everything. We should not be limited to spending the money we are earning but we must be aware of how much money we are earning and how much money we are spending every month and stay within certain limits. Like I earn good amount of money now but I don't think about future then it must be wrong decision for me. In addition to having a good job, everyone should create an alternative job so that if one job goes away, there is good financial support from another job. Regardless of how much money we earn, we must spend money wisely and refrain from spending money out of necessity.

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Quote from: Lidger on May 04, 2024, 02:21:26 PM

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.

Saving should not be an option, saving is a perfect way to go broke because there's no benefit in saving. Instead of saving what you should do is to be investing. Saving puts your money to rest and money shouldn't be resting but active producing more money for you and that's the work of investing. Investing has been made easy this days with the introduction of the internet that birth Bitcoin. You don't need to pass plenty procedures to become an investor anymore, with the right knowledge you can invest from home with your laptop or mobile phone either in crypto or other online investment.

Money needs to be multiplied, don't hesitate to take risk while you still have the ability to work for your money because soon you won't have the physical strength to work for money and it is then that your money would need to replace the hard work by working for you and bringing in more money. If you don't have andy automatic stream of income from Investment or owning a business currently, you have to start working on that immediately so you don't end up going broke.

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Quote from: Mrbluntzy on May 11, 2024, 11:56:15 AM

Quote from: Lidger on May 04, 2024, 02:21:26 PM

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

If someone is an employee or a business owner, they have the obligation to save some part of their salary or daily and weekly earnings if it's from business. Having a savings balance or saving for raining days is an obligation for salary earners. In case of emergencies, it's our savings account that can serve as the plan B. There is also need to save and invest.

Savings and investment are a balance in managing finances for a better life, we cannot possibly only have one of the two which will make it less optimal in managing our finances, so the allocation of savings must still be shared with investments and vice versa for plan B, because we will only use savings for emergency needs without converting the investments we have, unless you need large funds for certain costs then you must have high funds for your needs.

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Quote from: Jody.Drummer on May 11, 2024, 12:02:15 PM

Quote from: Bobrox on May 10, 2024, 03:41:10 PM

Behind how small salary receiving every month not all people around the world has opportunity spend few percent for saving assets, most of countries has below standard of payment salary and required hard working around 12 hours every day. In my country Indonesia has difference cases and difficult for spending around few percent of salary for saving because too expensive daily cost than with how much payment salary receiving.

I think need to brave out from comfortable zone looking for opportunity with higher payment salary on bigger companies outside to bigger country, I think will make us have bigger chance to get more saving behind bigger salary receiving and easily for spending as investment assets.

That's true, not everyone can save, even those who already have a job and have a salary that they can get for a certain period of time. some people are of course used to a luxurious lifestyle but they have a mediocre income so that when they receive a salary it is only to pay this or that bill, even with what you say it is like the daily expenses which are very expensive, it becomes disproportionate to the salary which are owned. Even though money management is good, if income and expenditure are not balanced it will be difficult to manage.

A big salary might help, but what we have to look at is our own portion. If we really want a bigger salary or income, we have to be able to look at our own skills or abilities, whether we are able to do things equivalent to a higher salary. big or not, because I'm sure there are some people who are trying to get extra income by looking for side jobs, but even that is not easy to do so what happens is that it makes them sick because they are too tired from working.

Totally this is really indeed situational on which there would really be people who are really that mindful when it comes to savings and there are ones who doesnt really care and there are ones who cant be able to do so just because they do prioritize those more important things that savings. Who doesnt really like on having some extra funds that been that kept for that sole purpose or whatever you do have in mind or simply in talks of future. Having savings is really that relevant or something and something that you will really be needing up to consider because we dont know on what would happen into our lives on which it would really be just that normal that there would be those unexpected things to happen and if ever you dont have any savings then you are all fucked up and this is something that we must avoid for you to have that kind of
saving up yourself on tough situations and also this isnt only for emergency funds but also on investment opportunities as well.

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Quote from: Bobrox on May 10, 2024, 03:41:10 PM

Behind how small salary receiving every month not all people around the world has opportunity spend few percent for saving assets, most of countries has below standard of payment salary and required hard working around 12 hours every day. In my country Indonesia has difference cases and difficult for spending around few percent of salary for saving because too expensive daily cost than with how much payment salary receiving.

I think need to brave out from comfortable zone looking for opportunity with higher payment salary on bigger companies outside to bigger country, I think will make us have bigger chance to get more saving behind bigger salary receiving and easily for spending as investment assets.

That's true, not everyone can save, even those who already have a job and have a salary that they can get for a certain period of time. some people are of course used to a luxurious lifestyle but they have a mediocre income so that when they receive a salary it is only to pay this or that bill, even with what you say it is like the daily expenses which are very expensive, it becomes disproportionate to the salary which are owned. Even though money management is good, if income and expenditure are not balanced it will be difficult to manage.

A big salary might help, but what we have to look at is our own portion. If we really want a bigger salary or income, we have to be able to look at our own skills or abilities, whether we are able to do things equivalent to a higher salary. big or not, because I'm sure there are some people who are trying to get extra income by looking for side jobs, but even that is not easy to do so what happens is that it makes them sick because they are too tired from working.

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Quote from: Lidger on May 04, 2024, 02:21:26 PM

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

If someone is an employee or a business owner, they have the obligation to save some part of their salary or daily and weekly earnings if it's from business. Having a savings balance or saving for raining days is an obligation for salary earners. In case of emergencies, it's our savings account that can serve as the plan B. There is also need to save and invest.

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Quote from: mamesso on May 11, 2024, 07:43:07 AM

If you want to save money in the short term, just learn to save. But if what you plan is for the long term, then you have to invest. Money has an attraction like a magnet, people will respect you and always listen or confirm what you say even though what comes out of your mouth is just empty talk.
You have to manage your finances wisely, make several portions and then divide the percentage of the amount that is appropriate for each portion. Savings should not be excluded if you don't want to disrupt the investment you have planned for the long term, don't let yourself live with a lack of resources in the future due to not being wise in managing finances in the past.

Poor planning with financial has a deep consequences, I really concur mist facts here it speaks volume in my heart, the type of investment one choose should be able to serve a good purpose in future because the money it self some view it in different dimensions on how it last in their hand , as some said is spirit but is don't agree with such because it's how you handles it that determine how long it will last and what may your take at the end.
Planning and proper management is very important when money comes to a holder investing it is a good or long term investment can be of more profitable most where the profits is very good to beacon such as BTC.

Topic: Take care of your money and learn to save. - page 16. (Read 2909 times)