Topic: Things you should know about Money mindset - page 2. (Read 1569 times)

That's true and I think not only about money, but almost everything like that. Because what is obtained easily or for free will more often than not be well appreciated by anyone, while what is obtained with difficulty will always have better value and price and will even be looked after quite well when it is obtained. When it comes to money, most people will be more frugal when they get it harder, but money given to them by their own parents or other people will tend to be easier for them to spend on many things.

I quite agree that every penny or money earned the hard way must continue to be appreciated for things that are meaningful and for important needs in life. Because the consequences are also quite clear if a person does not value the money he has well enough for himself, he will be more easily hit by difficulties when the money runs out.

Basically, health is more important than money, if you are sick you can't earn money so maintaining your health to stay healthy is the most important thing in changing your mindset about money. Nowadays money is difficult to find if you don't have adequate skills, but if you have the skills in modern times like now it's very easy. And it's true that financial management is the most important thing. Having a lot of income, lots of money, without good financial management, will also end in misery.

You could say the concept is like this. Where there are four priority scales that need to be implemented. important-urgent, important-not urgent, not important-urgent, and not important-not urgent. The main ones are considered important-urgent and the ones that are omitted are unimportant-not urgent.

In my opinion, no matter how small we save but if we are consistent, maybe it will produce not maybe but definitely, Everyone does want a high income, but it will not be easy to find a job that generates high income, In general, nowadays not a few people are looking for jobs that are difficult to get. They can do a low-income job while saving money while waiting for a high-income job. Don't focus too much on putting high hopes on a high-income job when the job hasn't been found yet.

By saving money, at least there will be savings that can be used in emergencies, because if at a time like this and there is no savings money, you may experience difficulties and in my opinion you can only borrow here and there which is not necessarily going to produce what you need, with savings money it might help a little the amount of urgent needs, so there is nothing wrong with saving with a small value, while it can be my advice to do.

I couldn't agree more on this. I remember this advice that was given to me and says that " it's easy to earn money, the hardest part is maintaining your wealth". Because literally, now that we have entered the technological age, the opportunity to generate an income have expanded and is made available for everyone. Imagine there are kids who had already have their millions, so it's not an excuse for us stay in this state of life. Money is literally everywhere; you just have to know your skills and capabilities and find out how are you going to be able to sell it on the market. Also, learn how to properly utilize the internet and take advantage from it. There are a lot of content creators out there who are earning millions, or you could even start a start-up business through online, or you can even do multiple jobs a day by doing freelancing. What I'm saying is that we just have to explore because there are countless opportunities out there.

Money, as we all know, is not everything. I've encountered a large number of people who are financially average but satisfied. They are sincerely satisfied! And it's because they value health, family, and the simple joys of life. It is exceptionally remarkable. On the other hand, I have observed extremely wealthy individuals who are never happy. They have money, lots of money, but they're always complaining. As the saying goes, "the higher you go, the greater the difficulties." And this is so true

When it comes to inheritance, however, it's a very different story. It is a grave matter, a very grave matter. We have all heard horrifying tales of families torn apart by inheritance disputes. It is devastating, in every sense. Thus, justice is vital. Fairness is important. When dividing assets, you should be fair just, and transparent. Money cannot purchase happiness, but if not handled wisely, it can cause a great deal of trouble. So, be wise, be very wise, and always, always prioritize family over finances

not really, its depends on how consumtive someone is, hard earned money, not hard earned money its the same, its money.
therefore if someone is just outright consumtive, then they are definitely just gonna use all there money in existences.
meanwhile if they know to hold back, they can save some money.
but honestly, saving money won't do much, its always increasing income that do much more to fix our lives than just saving money.
because with higher income, getting money is easy and make it abundant.

You make a lot of good points, the main one being that education is critical and putting your money to work requires a learning process where you may lose some money occasionally. As long as you assess and learn from your mistakes, it's a valuable lesson that may even be cost effective. All the best business people have one thing in common, which is a willingness to test, optimize and drop bad ideas until they find a winner. Going in with a lot of knowledge, more than the average person, is going to be your best defense against losing money. Understanding fees that are connected with any services you use can also make a huge difference to your long term returns, paying 2% fees instead of 0.5% fees can add up to tens of thousands of your dollars lost to compounding over long time periods.

I think both of you are right. If we take lottery winners as a sample, we can hear stories that they became poor again after some time but then there are also who became more richer because they use the money properly. They invest it in the profitable assets, use to create their own business, and so on... No matter what way we obtain the money (hard or easy) it is important to spend it wisely so that we won't become problematic later on.

We should advance think the consequences if we are feeling greedy so that we can prevent our selves from doing the wrong thing. Thanks for the nice tips by the way @OP. May all of us can apply it and improve our mindset when it comes to money .

Yes of course and the key is to stay grateful, we can see some of them whose finances are ordinary but I see them as happy and not only that, when I asked if you were happy with this kind of life? they answered "the important thing is that all my family and I are healthy it is more than enough and for money problems it can be found", a statement that is quite impressive and indirectly it makes me more grateful for everything I already have. Meanwhile it is not uncommon to see some of them (rich people) who always complain in their lives even though they have a lot of money, many problems always come to them. Like the words "the higher the tree, the stronger the wind" I think this is quite reasonable logic, when you are in the highest position in your life (financial wealth) then obviously as we know the tests that are there will also be more difficult, and in such conditions of course we need many ways to be able to balance and manage it.

Of course in terms of dividing an inheritance we or they as parents must really be able to divide it evenly, as we know there are so many problems that we hear about related to those who are unfair in dividing their inheritance and end up becoming a problem or even have also heard of their children killing each other because one of them feels that it is unfair. This means that money cannot completely bring us happiness but it is also very likely to become a problem that we never expected. Therefore, we must be fair in dividing the inheritance and agree as you said that we must be really wise in distributing it.

I don't believe that money made without much effort is easy to spend it is dependent on the individual that has the money to decide whether to make judicious use of it or to spend it on frivolous things. You can't tell me that because you made money so easily is enough reason for you not make good use of your money it is a very wrong narrative

There's is no money that is meant to be set aside for meaningful things and less important things, every money you made needs to be spent wisely be it had earned money or a money you got without much stress. We should change this narrative of spending money we made through a hard means carefully and the one we got in a platter of gold extravagantly, money is meant to be valued therefore it should be spent on meaningful things

    In short, the money we didn't work hard for is easy to spend, but the money you know you worked hard for is sure to be valued truly and rightly. There is the feeling that you will value every single cent of it.

   That's why every hard-earned income should go to meaningful things. If you want to gift yourself, it's normal, in my opinion, as long as you take the consequences, whether you're going to do it for good or bad purposes.

Of course the world is open to many ideas that can help us be okay in life, in as much as life is concern there is no limit to greatness if the right approach is being applied towards achieving a goal

Over time, negativity has also been a force that has hindered our success before often time we only look at the difficulties that surrounds a task rather the possibility of scaling it through and putting blames on our government can never change anything because the government will not cook meals and bring it to your domain. It is important for us to discard this impression of always channeling blames to our government as the government roles in our lives are limited so it should be noted that everyone will be accountable of whatever that happens in their lives.

Some person needs money to establish a skill they learnt so in a scenario whereby they do not have the finance to propagate their skills it becomes a problem so one can still be involved in menial jobs to raise fund in other to establish one's skills.

I don't believe that everyone can't be rich, we all can make it in life if we apply the basic techniques in any field of our specialization even if we ain't earning much but let it be that your earnings are always coming then you can save and invest part of your income for future purposes.

Yeah, there's money everywhere, but you got to do something extra to earn good money from your chosen career. You don't just do the average thing that others are doing and expect to be exceptional and make real wealth, the old consistent patterns are either outdated, or people are gradually getting used to them and not triggered anymore by the same old patterns.
Truth is, to make money in any field recently, creativity is key. You need to add that extra spice to  boost your presence and paint a different picture in peoples minds. That's what we call your product Niche or unique selling point. This will be your private strategy to penetrate and dominate the market and will lead to success if consistently applied and updated.

There's an equal opportunity for everyone in the  world today and only those with entrepreneurial mindset sees and grabs those opportunities, work hard and tirelessly to exploit it to the fullest. Like the favorite quote from the bible "many are called, but few are chosen". We are all called by nature to take advantage of resources and opportunities available, but only few go the extra mile, put in the extra effort, grab the necessary skills and succeed in their  chosen field.
I'll Also grab a phrase from Kiyosaki which states that knowledge alone doesn't pay you, way pays you is what you do with the knowledge and as Elon Musk said sometime ago, "learn" first and then remove the "L", which means "earn". These principles are very paramount if you intend making real money and staying relevant in business.

If we know how difficult it is to earn money, of course we will be very good at managing how we spend the money we have. Enjoying income is a natural thing for people who have it, but we have to do it for the right things and don't use it for things that are not necessary. You are right, without looking for it, money will not come by itself. We have to try to do work to earn income and even when working, we have limitations. We must still think about our health so that we don't do too much work with the aim of making a lot of money so that we get sick.

You are entirely correct. The true wealth is good health. It's what I've always said. Is there any point if you're not healthy? If you're bedridden, money cannot purchase happiness for you. Wealthy people have enough of money, but it's not everything. And in terms of transferring it? What a great idea! However, and this is crucially important, it goes beyond the numbers. It all comes down to the drive, work ethic, and ideals.

Splitting it equally amongst your kids? Excellent! It's the most equitable approach to maintain peace and steer clear of any needless drama, if you will. Depending on how you use it, money may either be a blessing or a punishment. Thus, it is vital to handle! The key is making wise choices, regardless of whether you're sitting on a gold mine or barely getting by. Invest, diversify, and maintain a broad perspective at all times. Remember constantly that your health comes first, money comes second. That's the recipe for success!

Having money everywhere is so real. It is that we're ignoring the opportunities that we can have from those things. I'm guilty on this part when I've watched those kids selling lemonades and it's related to the quote about lemons and lemonades. There's the significance of how you react to a situation and that's why you need to look and think outside of the box for you to see. And it is true that money is unlimited for you to earn but it varies to our situations, talents, and skills. If we're not also doing the right thing, we will not see that. Anyway, it's easy to say these things when you can prove that to yourselves, and we have our own battles to defeat and check all of these opportunities. We all need to check ourselves on where we really are thriving and what are our strengths. And if you can't still determine that, you need to find that as soon as possible for you to have more time in accomplishing these successes before you ran out of time or you lose your appetite in grinding and pushing your dreams and goals.

Yes, it takes effort and hard work to earn money. And because of this, money is very valuable. Because getting it requires hard work and time. And if we understand how hard it is to get money, then of course we also have to manage our finances so that they are better. We must not waste the money we have. We have to use it for useful things and not just for fun. But we work hard and earn money in the end to survive and also gain happiness. But money won't come by itself if we don't work to get it. And we can't work if we're sick. So at this point still health is more important than money. So everything has to be measured according to its portion. Work as hard as you can and don't force yourself.

Yes, it's true because health is expensive, because if you fall ill you can't do anything but lie down to rest waiting to get healthy again, no matter how much money we have it won't be able to give us full pleasure. I also understand that everything needs money but not all things can be solved with money if you have a lot of money there is nothing wrong with passing it on to our children with the right purpose to open a business or what as long as you can divide it equally to each of your children so that it does not become a problem in the end.

Basically, money is very sensitive, it can give you pleasure that you never expected and it can also be a trigger for problems, it is not uncommon. Therefore, whether you are rich or ordinary, you need to really have good management in terms of money, allocate it to several places that you can trust and certainly promise if your wealth is to continue to grow with greater reciprocity.

When it comes to money, we all have different perspectives and opinions. So, in addition to the other points raised by the OP, I agree with him that we don't always have money. This is correct, and I agree.

Of course, no one can make money unless they take action, right? We can't make money sitting around doing nothing if we don't work on anything. We will not get any money until we act and discover a means to get it.

In the case where wealth is put above health, things always end badly. When you are sick, you won’t be able to get any joy from money. It’s just as stupid to save your whole life in order to leave everything as an inheritance to your children, you also need to think about yourself, as your income grows, you always need to improve your standard of living. It always depends only on us, on our decisions, if we don’t change in our heads, then it won’t come by itself.