Things to avoid when you earn a lot or become rich - page 2.

leonair

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Quote from: kuriboh on July 05, 2024, 07:09:19 AM

Quote from: Reatim on July 05, 2024, 06:07:41 AM

in this economy, often times it feels like we barely had time to hold our money because right before you know it it is already flying out of your hands not because we don’t know how to keep our money well but because the goods are so expensive in today’s time and age already

there are so many bills, many subscriptions, loans, insurance to pay that you soon after you earn your salary you are back to square one again

I agree with your assessment of the economy's state. You are correct that we had endless time to save money but didn't realize we had lost a good time.
We don't know how to manage money, but from now on, we should take care of our money. If we don't care for money, our days will be challenging and not going well.

No matter how much we earn, we have to try to keep it and spend it wisely. From now on, we have to decide to save our money for the future. Life has to go through bad situations. So I have decided from now on to save at least a little every month and also thought of investing. I know that if we can invest at this time, we can get a lot of good returns in the future. And we have to learn to invest to get something good.

Cookdata

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Quote from: kuriboh on July 05, 2024, 05:59:42 AM

Keeping money is much more complicated than making money these days. Money can't be spent as hard as it is earned. Nothing is left daily after everything is paid to meet needs. This cannot be done; we have to get out of this situation and continue the trend of investing in Bitcoin. I suggest investing in Bitcoin because it will bring something good. I will tell my friends to get married to see it as their savings; then, it will be a good saving for him through investment.

When you set priorities and don't go above your means, keeping money wouldn't be a problem. However, today is now a complex state where we see everything as competition, we are pressurized by the way the society looks and people see that as a class that many of us don't want to let's go even the things are not important to us, this is the main reason why it's difficult to save money today but if you are smart among the spenders, you can avoid the peer pressure, you will go far in life.

There is another thing I will like to include, that's womanizing. If you have the means to make plentiful money, avoid women or be committed to one person, atleast you can say no when her ideas doesn't align with your financial stability but keeping much women will only draw billings on your table and if you are the type that love to please them, you will go broke and funny thing is the moment you go broke, they are going to abandoned your ass. Be wise. Wink

kuriboh

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Quote from: Reatim on July 05, 2024, 06:07:41 AM

in this economy, often times it feels like we barely had time to hold our money because right before you know it it is already flying out of your hands not because we don’t know how to keep our money well but because the goods are so expensive in today’s time and age already

there are so many bills, many subscriptions, loans, insurance to pay that you soon after you earn your salary you are back to square one again

I agree with your assessment of the economy's state. You are correct that we had endless time to save money but didn't realize we had lost a good time.
We don't know how to manage money, but from now on, we should take care of our money. If we don't care for money, our days will be challenging and not going well.

Bialke

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A little time ago I was in Sibiria.

There for 2 USD I could buy a pound (500g) of caviar. In western europe the same amount was a 250 USD. It was common arbitrage. So what are you doing? You have to avoid transport costs. I do not transport things. So basically you have to create a market for caviar representing shares. And this is the start: You buy things and translate it into fictional goods - But: You do not buy it!

The caviar is not "Fisherman"'s good, they take from the fish! But in my mind it is not ust the fish's - the fish is mine? Why can "they" take my fish? So I make the "fishermen" fish. So you create a buying legal person, buying with credit, then you sell to another of your own legal person, who is going bankrupt - an do not pay the first legal person. And so the first legal person cannot pay the dept back and is going bankrupt.

The price of caviar in western europe is fictional. So why is the price (market position) real in Sibiria? The 2 USD/500g is also fictional. The real price is -1 USD. And I make the price! And I save fish's environment by making some of the Sibirian fishing industry bankrupt!

I think mindset is important for beeing or not beeing fish.

Reatim

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Quote from: kuriboh on July 05, 2024, 05:59:42 AM

Keeping money is much more complicated than making money these days. Money can't be spent as hard as it is earned. Nothing is left daily after everything is paid to meet needs. This cannot be done; we have to get out of this situation and continue the trend of investing in Bitcoin. I suggest investing in Bitcoin because it will bring something good. I will tell my friends to get married to see it as their savings; then, it will be a good saving for him through investment.

in this economy, often times it feels like we barely had time to hold our money because right before you know it it is already flying out of your hands not because we don’t know how to keep our money well but because the goods are so expensive in today’s time and age already

there are so many bills, many subscriptions, loans, insurance to pay that you soon after you earn your salary you are back to square one again

kuriboh

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Quote from: leonair on July 01, 2024, 10:43:55 PM

Keeping the money is harder than making money. So I think it would be good for us if after earning money we can invest it properly in the right place. My advice to your friends who earn a lot of money. That is, they have to calculate and spend money every month. Extra money cannot be wasted for any work. Besides, they can invest in good altcoins including good bitcoin.

Keeping money is much more complicated than making money these days. Money can't be spent as hard as it is earned. Nothing is left daily after everything is paid to meet needs. This cannot be done; we have to get out of this situation and continue the trend of investing in Bitcoin. I suggest investing in Bitcoin because it will bring something good. I will tell my friends to get married to see it as their savings; then, it will be a good saving for him through investment.

Bialke

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I just reply to the threadstarter's intro - until debt/Michael Jackson. I will read the rest later and will also reply to that.

To assume debt is bad is WRONG! To assume one person is just and can be just one LEGAL person is WRONG!

People with a little bit financial interest know: One person can be a lot of (legal) persons and debt is not a problem in certain cases!

Volimack

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★Bitvest.io★ Play Plinko or Invest!

Agreed, not only business loans but not all loans if you fail to pay back on time, the problem will increase. Many times it is seen that even if the amount of loan increases, due to the lack of income, the person has to face a lot of tension in repaying the loan after the operating expenses. Business activities can be gradually expanded with one's own limited resources as planned without taking loans to meet one's goals.

tottong

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Quote from: Ben Barubal on June 05, 2024, 02:35:59 AM

2.Pay your Debt

Having debt or bad debt is why most of us continue to suffer because it's like a weed that, if you don't cut the root, will grow again. And the debt, when you don't pay it, has interest compounding. So your number one expense is to pay off the debt when it earns a lot of money. Be responsible not to ignore the people we owe money to, talk to them, say thank you, and pay all the debt.

We should also know that our reputation also depends on it, and when we know how to pay, many people will trust you. And when you know how to pay off debt, you also show that we are not only thinking about ourselves.

Debt will remain a problem and there will continue to be more addiction to borrowing when one is unable to get out of addiction.
Paying off debt is an obligation and when we want to achieve financial freedom, debt must be seen as a productive step. For example, taking out debt is only for the purpose of developing the business and we have to set a target to pay it off and the business must also grow.
It's not easy, but most business people are involved in debt, but they are much smarter about using money, not taking on debt for unproductive needs.

The problems faced by humans are varied and the most basic thing is that taking a loan is not to build a business, but to fulfill their needs and have a luxurious lifestyle.
We have heard that debt will destroy everything and if the use of debt is unproductive it will actually increase problems. When people are unable to see this problem, it will be difficult to get out of unproductive debt.

macson

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Quote from: Belarge on June 27, 2024, 04:52:58 PM

Quote from: eightdots on June 26, 2024, 01:08:06 PM

To stay rich, you need to keep doing the right things you did while making money. Being rich is not always permanent and requires sustainability. That's why many wealthy people seek advice from advisors. Everyone wants their wealth to be sustainable. They are afraid of temporary wealth.

When you are rich, it may not be right to fulfill all your desires at once. You need to work to make your wealth permanent. This business should be in a plan and we should constantly increase our income. Some wealth of fixed value is temporary. Money needs to increase and become regular.

I agree with what you say about investing in ideas. Investment should always be diversified.

Investment is important for everyone, one of the dependable streams to use as backup. Wealth is generally a priority for everyone but we should also stick to making principles that will elevate one to reach the top. To become rich, one need to make crucial sacrifice to get to this phase and maintaining it becomes stable for promising streams.

with good discipline, the investment you make will definitely bear sweet fruit in the long term, so never forget that the vital thing for success in investing is consistency, besides that there are many people who change when they lose a lot of money or gain a lot of money, ethics like this will only make you fail even more in life.
when you fail, don't change and when you are successful don't change, you have to be able to maintain your attitude, don't be lazy because most rich people will become lazy because they feel their journey is finished even though they still have a long way to go in life.

Peanutswar

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Once a person got a huge amount of money could be a two factor they will use those money to settle all of things they got in trouble like paying their debts, financials with their life, students needs and once they fix all of those if they are in a good shape and knowledgeable with the financials sure they will invest all of those money and make a plan what are the things they need to do for their future so they will not suffer again and back to their poor life or the other one who spent all of their money to the things they don't need, keep flexing, spreading and sharing to those people who just there for you because you have a money. In life today be wise if you want to become a day rich or a life time rich.

topbitcoin

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Quote from: erep on July 04, 2024, 09:54:06 AM

Quote from: leonair on July 01, 2024, 10:43:55 PM

Keeping the money is harder than making money. So I think it would be good for us if after earning money we can invest it properly in the right place. My advice to your friends who earn a lot of money. That is, they have to calculate and spend money every month. Extra money cannot be wasted for any work. Besides, they can invest in good altcoins including good bitcoin.

I suggest you always be careful about investing in altcoins and you better consider that decision before experiencing losses, we have seen the current market conditions that many holders experience high losses because they increase altcoins in portfolio assets rather than bitcoin. Don't make altcoin investment the main choice if you want to invest for assets for future profits, you must diversify assets into several areas that have the potential to guarantee future profits, especially gold, property and allocate part of the investment to bitcoin.

But the logic is correct, that keeping money is harder than earning it, I believe in that, but speaking of investment I agree with you that indeed some people save too much in altcoins so they have a very dangerous risk and it will threaten their money.

And of course it is better to save money in various assets, which is called diversification, and a clear view with good knowledge of the assets we buy, must be the main concern because each asset has a different risk, whether it is gold, property or even bitcoin, it is very important to pay attention to this in maintaining wealth, but the most obvious step in investing to get rich is investing in our own business, to increase the income and financial strength of our business to run much better and can grow very rapidly.

Sometimes for some people, it is too hasty to buy other assets with the intention of investment, especially for assets that have liabilities such as property, of course it adds to the burden of management, unless it is quite stable and measurable, it is a good thing.

moneystery

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Quote from: Ben Barubal on June 05, 2024, 02:35:59 AM

1. Don't buy expensive things right away.

Most of us want to buy expensive things when we receive a lot of money. Because aside from the convenience and the fact that the fact that we can benefit from it for a long time, we also want to get the attention of other people. We also cannot deny when we can afford something that an ordinary person cannot afford. But sometimes, because we can afford something, we just end up spending it, and we forget to ask ourselves if we really need it. Or we just want to buy it because we want to impress other people. And due to a lack of spending awareness, we become impulse buyers. Until this habit becomes our second nature or the worst, we base our spending on what we want other people to see in us.

But the question is, what is our goal? to get rich to impress, or to get rich to have freedom? When you have a lot of money, you have nothing to prove to other people. Since you know that you are rich, it is a better idea not to let other people know that you are rich. One should just choose the simple life and live with a purpose.

this is the most important advice that newly rich people need to know that they need to use their money on more important things, rather than just buying luxury goods which are just a waste of money. they need to set up additional income and investment with more and then save, so that it will stabilize their finances, then after that is achieved they can buy luxury goods, but also not excessively.

because there are quite a lot of cases where people who have just received a lot of money use their money unwisely by buying luxury goods directly and not thinking about how they can use the money to build additional income and increase investment. and when they find financial problems, their lives immediately falter because of their mistakes in managing their finances.

erep

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Quote from: leonair on July 01, 2024, 10:43:55 PM

Keeping the money is harder than making money. So I think it would be good for us if after earning money we can invest it properly in the right place. My advice to your friends who earn a lot of money. That is, they have to calculate and spend money every month. Extra money cannot be wasted for any work. Besides, they can invest in good altcoins including good bitcoin.

I suggest you always be careful about investing in altcoins and you better consider that decision before experiencing losses, we have seen the current market conditions that many holders experience high losses because they increase altcoins in portfolio assets rather than bitcoin. Don't make altcoin investment the main choice if you want to invest for assets for future profits, you must diversify assets into several areas that have the potential to guarantee future profits, especially gold, property and allocate part of the investment to bitcoin.

uswa56

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Quote from: bestcoins1 on July 01, 2024, 03:19:42 AM

Everyone must realize that investment is an important thing in their life because investment can also help everyone who wants to do it consistently in the economic sector that can provide the best value for them. Now it is becoming increasingly difficult to become rich, even though every year there are always poor people who become rich after undergoing a previous investment period. Because now to become rich it is not enough to just work and save, but it must also be accompanied by clearer investments such as Bitcoin, real estate and others.

When someone realizes the importance of being able to invest, this will make them wiser in managing the income they have and they will also use the income they have for things they really need and some may postpone what they want in order to bring results. make investments well, to be able to make ourselves rich of course we have to be wiser in managing our income and also have to work harder and of course we have to continue to do it consistently in order to achieve the success we want and choose to invest then this will very good, especially since we can invest in the fields you mentioned. Of course this will make us better prepared financially in the future.

leonair

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Quote from: kuriboh on July 01, 2024, 02:39:46 AM

Quote from: johnsaributua on June 29, 2024, 06:32:16 PM

Money is like mineral water that we have and can not feel heavy when spending it, even a class of companies / big figures can stumble with large expenses, both for needs and covering holes during operations. The point of the root is that even the smallest expenditure starts from the individual himself, can manage well and minimise. Although sometimes when saving a lot of wealth too freely on the pretext of urgent interests, that's how I feel. Cheesy

. I don't see when the income/profit comes fantastically, but I feel when opportunities are quiet, market competition or natural obstacles that allow me to lack jobs, being wise in managing assets such as being in a crisis is better than being wasteful. Of course, I will focus on increasing my portfolio and other physical asset wealth. Indeed, this is a simple technical theory that enters the human brain, avoiding the proverbial big peg than the tihang, but everyone's fortune has its allotment and is arranged by God, there is an allotment of wealth levels with the opportunity we only try and look for.

Earning money is very difficult, but investing this money properly is even more difficult. I have many friends who earn a lot of money, but they don't have any regular expenses, and at the end of the day, they have to borrow. But they earn a lot of money. If their management is not correct, it cannot be retained.
If I say from my side, then after earning money, it should be managed appropriately; otherwise, it cannot be reined in because if there is money in the pocket, it will be spent. There is no end to human needs, so there is a need for proper guidelines to plan and spend carefully. Only then can we move towards a setting where we must be careful about spending money. If I speak for myself, I deposit a small portion of my earnings into Bitcoin investments.

Keeping the money is harder than making money. So I think it would be good for us if after earning money we can invest it properly in the right place. My advice to your friends who earn a lot of money. That is, they have to calculate and spend money every month. Extra money cannot be wasted for any work. Besides, they can invest in good altcoins including good bitcoin.

bestcoins1

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Quote from: Belarge on June 27, 2024, 04:52:58 PM

Investment is important for everyone, one of the dependable streams to use as backup. Wealth is generally a priority for everyone but we should also stick to making principles that will elevate one to reach the top. To become rich, one need to make crucial sacrifice to get to this phase and maintaining it becomes stable for promising streams.

Everyone must realize that investment is an important thing in their life because investment can also help everyone who wants to do it consistently in the economic sector that can provide the best value for them. Now it is becoming increasingly difficult to become rich, even though every year there are always poor people who become rich after undergoing a previous investment period. Because now to become rich it is not enough to just work and save, but it must also be accompanied by clearer investments such as Bitcoin, real estate and others.

kuriboh

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Quote from: johnsaributua on June 29, 2024, 06:32:16 PM

Money is like mineral water that we have and can not feel heavy when spending it, even a class of companies / big figures can stumble with large expenses, both for needs and covering holes during operations. The point of the root is that even the smallest expenditure starts from the individual himself, can manage well and minimise. Although sometimes when saving a lot of wealth too freely on the pretext of urgent interests, that's how I feel. Cheesy

. I don't see when the income/profit comes fantastically, but I feel when opportunities are quiet, market competition or natural obstacles that allow me to lack jobs, being wise in managing assets such as being in a crisis is better than being wasteful. Of course, I will focus on increasing my portfolio and other physical asset wealth. Indeed, this is a simple technical theory that enters the human brain, avoiding the proverbial big peg than the tihang, but everyone's fortune has its allotment and is arranged by God, there is an allotment of wealth levels with the opportunity we only try and look for.

Earning money is very difficult, but investing this money properly is even more difficult. I have many friends who earn a lot of money, but they don't have any regular expenses, and at the end of the day, they have to borrow. But they earn a lot of money. If their management is not correct, it cannot be retained.
If I say from my side, then after earning money, it should be managed appropriately; otherwise, it cannot be reined in because if there is money in the pocket, it will be spent. There is no end to human needs, so there is a need for proper guidelines to plan and spend carefully. Only then can we move towards a setting where we must be careful about spending money. If I speak for myself, I deposit a small portion of my earnings into Bitcoin investments.

CK485

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Quote from: johnsaributua on June 29, 2024, 06:32:16 PM

Money is like mineral water that we have and can not feel heavy when spending it, even a class of companies / big figures can stumble with large expenses, both for needs and covering holes during operations. The point of the root is that even the smallest expenditure starts from the individual himself, can manage well and minimise. Although sometimes when saving a lot of wealth too freely on the pretext of urgent interests, that's how I feel. Cheesy

. I don't see when the income/profit comes fantastically, but I feel when opportunities are quiet, market competition or natural obstacles that allow me to lack jobs, being wise in managing assets such as being in a crisis is better than being wasteful. Of course, I will focus on increasing my portfolio and other physical asset wealth. Indeed, this is a simple technical theory that enters the human brain, avoiding the proverbial big peg than the tihang, but everyone's fortune has its allotment and is arranged by God, there is an allotment of wealth levels with the opportunity we only try and look for.

Yes, it's true that expenses and income have to be balanced, maybe it's not right to fulfill all the desires we hope for. Not being wasteful is the most difficult thing to do when we have a lot of money, even though it's a very good opportunity to have savings and that opportunity is difficult to come by. Again, even though we have a lot of wealth, if we don't manage it well with a mindset to be more advanced in the future, everything we have will certainly decrease, but it all depends on the person's principles. I'm sure everyone has their own thoughts on how to respond to all of this wisely.

bitvestorhacked

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Anyone can try to give advise on this topic, the same principle do not apply to everyone, i can say that for sure, it is not about rules to not go broke or rules to maintain your riches, money is meant to be spent, you are supposed to enjoy it as we do not have forever on this planet earth, but planning is what matters, poor planning and bad advises will surely ruin you and if you are in the company of people who give you bad advises constantly you will indeed lose your fortune regardless of what rules you are asked to follow, this influences holds greater control, but then again if a broke person with such friends will find it difficult to break out from such people when they get rich. How to get rich and stay rich? The simple answer is from experience, Get rich, be stupid go broke, work hard again and get rich, believe me this time Experience will teach you to be scared and wise at the same time.

Topic: Things to avoid when you earn a lot or become rich - page 2. (Read 2190 times)