Things you should know about Money mindset - page 8.

Distinctin

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Quote from: southerngentuk on July 14, 2023, 10:39:07 AM

That's right. Instead of treating money as a concept forever and hoping that it will come in old age, we need to change our mindset and be confident that we can change our circumstances.

The mindset determines the level. Therefore, if you want to change your destiny, you need to change your mindset. A poor mindset limits our abilities and creates self-limitation. Therefore, in order to advance and become rich, we need to change our mindset and believe that we have the ability to succeed. Starting with a change of mindset and action now is an important first step towards escaping poverty.

Know that there are a lot of opportunities to earn money, but if you don’t have the courage and mindset to take that opportunity, then you will never gain and achieve massive amount of money. Proper mindset and even positive attitude towards wealth and money is very crucial, because if you stick to poor mindset, then you will never see your future embracing your own wealth and living your life to the fullest.

Mame89

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Quote from: Botnake on July 15, 2023, 04:29:29 PM

Exactly. The real happiness does not depend on money, as money is just a tool to make our lives more comfortable and more fulfilling to live. Other than that, money is not everything. Although I would admit that money is very vital these days, but we should always know that it can’t buy real happiness and peace of mind.

It's true that everything we need requires money, but don't make us slaves to money. Motivation must be clear why we need a lot of money, lest we become enslaved by money so that happiness does not exist at all. Because money can't buy time, but time can be used to make money. With money, economic life becomes stable, our old age can be more secure.

Smart work, Lots of money, needs to be met, happy. Work too hard, don't know where the money goes, and always feel lacking, stressed, sick, and miserable. So being happy or not is not based on material things, whatever it is, but how we view it in dealing with it. True happiness is when we can be grateful (for everything we experience, both joy and sorrow), both for what he receives/gets, both material and immaterial. That's happiness, in my opinion.

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Quote from: Botnake on July 15, 2023, 04:29:29 PM

Quote from: mu_enrico on July 11, 2023, 09:27:45 AM

Money this and money that, why people are so obsessed with money and "getting rich," whatever that means. How much do you own that you can consider yourself rich? I ask the same question about the correct mindset about money and ChatGPT answered it beautifully...

Quote

1. Money is a tool: Recognize that money is a means to an end, not an end in itself. It is a tool that enables you to achieve your goals, provide for your needs, and live a fulfilling life. Avoid viewing money as the ultimate source of happiness or defining your self-worth solely based on your financial status.

Source: AI-generated ChatGPT answer

It's true, you don't have to view money as your ultimate goal, but just as a means to live your life to the fullest. Also, money is about money creation, i.e, work, business, and investment, thus only changing your mindset won't get you anywhere.

Exactly. The real happiness does not depend on money, as money is just a tool to make our lives more comfortable and more fulfilling to live. Other than that, money is not everything. Although I would admit that money is very vital these days, but we should always know that it can’t buy real happiness and peace of mind.

But we know that having money could bring up that happiness specially that you could buy everything that you do like or simply talking about material and also there's someone who do have the joy on

taking up some travels or even having the passion on building their business or would really be pursuing their dreams which anything would really be needing up some money for you to start with on which i do agree into the word that it would really be vital or really that mainly needed for you to proceed on.Whether we do like it or not,this is why majority of us would really be giving out that huge importance on how we should really be able to make money more for us to have that comfortable life in terms of finances. Yes, there are things which cant be bought by money but
majority of us would really be having this kind of main intent on which on how we would be able to earn that much and make ourselves that financially free.

Botnake

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Quote from: mu_enrico on July 11, 2023, 09:27:45 AM

Money this and money that, why people are so obsessed with money and "getting rich," whatever that means. How much do you own that you can consider yourself rich? I ask the same question about the correct mindset about money and ChatGPT answered it beautifully...

Quote

1. Money is a tool: Recognize that money is a means to an end, not an end in itself. It is a tool that enables you to achieve your goals, provide for your needs, and live a fulfilling life. Avoid viewing money as the ultimate source of happiness or defining your self-worth solely based on your financial status.

Source: AI-generated ChatGPT answer

It's true, you don't have to view money as your ultimate goal, but just as a means to live your life to the fullest. Also, money is about money creation, i.e, work, business, and investment, thus only changing your mindset won't get you anywhere.

Exactly. The real happiness does not depend on money, as money is just a tool to make our lives more comfortable and more fulfilling to live. Other than that, money is not everything. Although I would admit that money is very vital these days, but we should always know that it can’t buy real happiness and peace of mind.

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Quote from: someone703 on July 15, 2023, 09:06:51 AM

I don't think a lot of money will make us happy, but I don't deny that having a lot of money will help our lives a lot,

I agree with you, there is every possibility that someone can be rich; he or she might have a lot of money, but there could be a particular aspect of their life that they are not happy about. I am not saying it's the same for every rich person, but based on a few cases I have experienced, money is not everything; some people can have a lot of it but could be battling with health issues, which they really would not be happy about. Just like you said, it's good to have money because it can help us archive almost everything we need, but a saying still reminds me that money cannot buy life. There was a rich man in my town who died of heart disease. Right from when he began to develop the system, he has been taking different kinds of treats from home and abroad, but last year he still died. That's just to say that even if one has a lot of money, they might likely have something that money cannot solve.

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Quote from: darewaller on July 15, 2023, 01:31:51 PM

Quote from: Gallar on July 12, 2023, 02:41:19 AM

Quote from: Mr. Magkaisa on July 11, 2023, 06:16:19 AM

[1] There is money everywhere - When we were young, many of us were taught by our parents to study hard and then enter a good company to work after graduating. And there is nothing wrong with this, But there are also many of us who until they are old know that this is the only way to earn money, but you will notice that this is not the only option because you can build a business, offer a service to earn money of money.

In fact there are many incidents like that among parents today. Instead of developing the talents that their children have, instead they tell them to become employees and forget about the hidden talents that these children have. So because there are thoughts like that, many young people today are monotonous and don't develop well in the field of making money. Therefore thoughts and understandings like that really have to be reduced and balanced with broad thoughts towards the view of making or making money.

That isn't new. It is like a tradition already. I think the parents are not selfish but they also think about the life of their children. They don't want their children to be like them if they are poor. As for the rich, they also want their children to be like them. It will be a shame to them if their family wont be like their ancestors.

To earn money doesn't always mean to be an employee but it can also be on a self-serving business and other fields. The talents of their kids are still being followed. I remember there are parents who are angry about their kids because they only see them playing video games but by the time their parents know that their kids are earning money through it, they are now fully supporting them.

Families want a regular income for their children. More precisely, they want a job with a monthly salary guarantee. This is something they want, not because they cannot adapt to today's conditions, but so that their children's incomes are not affected in the face of many negative situations. We must understand this.

We can invest, but what if we don't get the results we want? We can start a business. What if things don't go our way? Because our parents know about such situations, they want us to choose the safest and most secure one.

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Quote from: mindrust on July 14, 2023, 03:34:58 PM

These are very good advices. There are endless opportunities to make huge money but people are lazy to do it or blind to see them. I have friends make money in so weird ways but somehow they manage to make it work. They sometimes explain to me but I don’t understand a damn about what they are saying. I always tell them that I should do a business which I understand and it is the truth. Warren Buffett says the same thing too. He says that he doesn’t invest in a business he doesn’t understand.

Sometimes, people excel in some different ways, like doing business with things that are sometimes hard to understand by many. But I believe there’s nothing wrong with that, as long as they don’t take an edge over other people, then that’s fine. The important thing is they know how to take advantage of their own opportunities, even if other people don’t see it as opportunities to earn because of the lack of knowledge and skills.

darewaller

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Quote from: Gallar on July 12, 2023, 02:41:19 AM

Quote from: Mr. Magkaisa on July 11, 2023, 06:16:19 AM

[1] There is money everywhere - When we were young, many of us were taught by our parents to study hard and then enter a good company to work after graduating. And there is nothing wrong with this, But there are also many of us who until they are old know that this is the only way to earn money, but you will notice that this is not the only option because you can build a business, offer a service to earn money of money.

In fact there are many incidents like that among parents today. Instead of developing the talents that their children have, instead they tell them to become employees and forget about the hidden talents that these children have. So because there are thoughts like that, many young people today are monotonous and don't develop well in the field of making money. Therefore thoughts and understandings like that really have to be reduced and balanced with broad thoughts towards the view of making or making money.

That isn't new. It is like a tradition already. I think the parents are not selfish but they also think about the life of their children. They don't want their children to be like them if they are poor. As for the rich, they also want their children to be like them. It will be a shame to them if their family wont be like their ancestors.

To earn money doesn't always mean to be an employee but it can also be on a self-serving business and other fields. The talents of their kids are still being followed. I remember there are parents who are angry about their kids because they only see them playing video games but by the time their parents know that their kids are earning money through it, they are now fully supporting them.

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Quote from: Pejoh Asu on July 15, 2023, 10:27:28 AM

It can be said that at this time money is the king and controller, in my country anyone who has money then can do the things he likes, starting from against the law because with money then he can pay for top lawyers, police, prosecutors to judges so that many cases involve people rich but their end result is not punished.

Bro not only in your country but everywhere only with money you can have access to commodities there is no way money can be done without as far you are on planet Earth, and people with money have influence and will always get what they want if anyone actually watched resident evil and see how he rich were perfectly kept in an underground laboratory against whenever the virus ends then they can be awakened, in summary, my point is the rich always want to always get what they want, STILL NOT OVER DEATH.

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Quote from: Pejoh Asu on July 15, 2023, 10:27:28 AM

It can be said that at this time money is the king and controller, in my country anyone who has money then can do the things he likes, starting from against the law because with money then he can pay for top lawyers, police, prosecutors to judges so that many cases involve people rich but their end result is not punished.

Material story determines human consciousness

Perhaps our living environment is not the same, so there will be opinions or disagreements about money, I also understand its value in life when money can buy a lot of things, but no I think it will apply everything to life. I once read a book about life and culture about the country of Butan, where the happiness index is the highest in the world, they do not attach too much importance to the value of money, and the spiritual value is what they prioritize. First of all, I admire such a life. And I think if all of us living on the same planet had that value as a goal in life, everything we see would be filled with positivity.

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Quote from: southerngentuk on July 14, 2023, 10:39:07 AM

That's right. Instead of treating money as a concept forever and hoping that it will come in old age, we need to change our mindset and be confident that we can change our circumstances.

The mindset determines the level. Therefore, if you want to change your destiny, you need to change your mindset. A poor mindset limits our abilities and creates self-limitation. Therefore, in order to advance and become rich, we need to change our mindset and believe that we have the ability to succeed. Starting with a change of mindset and action now is an important first step towards escaping poverty.

If the mindset is good, it will certainly have good results in our lives. So I believe that if we do this early, we will also be able to enjoy our life early for sure. But if we don't change the mindset like this that the state of our lives is not good yet, it seems like we will have a hard time getting out for sure in the end.
So it is also good to have these kinds of discussions that make sense because we will have an idea of what should be done or not with the types of mindset when it comes to money matters.

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It can be said that at this time money is the king and controller, in my country anyone who has money then can do the things he likes, starting from against the law because with money then he can pay for top lawyers, police, prosecutors to judges so that many cases involve people rich but their end result is not punished.

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Quote from: Oasisman on July 15, 2023, 08:22:15 AM

Quote from: xSkylarx on July 15, 2023, 07:51:29 AM

All of the poor sectors are really thinking about it even my self but this kind of mindset is very toxic because you will complain everything, when I started to read books about principles of life it is really best to not compare your self because that is where that mindset starts, you'll strat comparing your life to others even it is not applicable at it is very different, that is why having a gratitude mindset always in everything, lets say right now you should be happy that you joined a signature campaign here and earning decent money because others want it, rather than complaining that you need to do 2 jobs at a time so that you can survive on daily basis unlike to others that they are born wealthy already.

But comparing yourself to other is kind of inevitable. There will always be a time for you to be envy with what other people around has achieved, while you are still working as hard as you could to make a difference. Though it is true that you will not need to compare yourself to others as you have a different set of skills and mindset. However, life is also unfair, it is not really toxic to think that way, but If you have the ability to deeply understand the true meaning of life, you will for sure be satisfied of what you can only do, because in reality we all have limits. What is more important is that you will always have the survival instinct and the courage to not give up in life no matter how hard it seems. In fact, a problem will never be called a problem without a solution.
So, those who were born with rich parents are without a doubt very lucky, while the other way around is not as lucky the ones who's rich.

I think about comparing ourselves with people who are more than us, it depends on we respond to it, if it makes us complain and think short, of course our position will be worse if jealousy and envy continue with such an assumption, but if The comparison of ourselves is made a motivation, which encourages us to be better who gives birth to ambitions to be better even though we are not born from the rich, and about the money is present when we try, have the ability or knowledge and hard work, and I think comparison Self is not a problem if you are good at managing it into a motivation that makes you work more to get money.

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Quote from: Lorence.xD on July 14, 2023, 10:55:13 AM

Quote from: uswa56 on July 14, 2023, 09:39:38 AM

Quote from: someone703 on July 14, 2023, 09:02:42 AM

I wonder if what OP is referring to is just a way of expressing the material complexity of life, we seek money, not money seek us? What is money? Purpose to have it? And then what? A vicious cycle and a pile of questions that sometimes we have the answers to ourselves or don't want to ask but still let the power of money rule our minds. I find it simpler than making money just to serve the happiness of each person's life position, the happiness of an ordinary person is different from the happiness of a rich person, so it is not necessary to distinguish the level of money and pressure on each other. You may or may not, as long as you feel you are doing it right for yourself and the people around you, that's what I see money as important and not as important.

Yes, that's very true, everything depends on the mindset, but back again that at this time everything needs money, even to be able to make the people we love happy, we have to be accompanied by money to be able to fulfill their wants and needs, I don't deny that because that's why our minds messed up so that it is money-oriented, I think it's natural even though it's a little confusing and also tiring.

Sometimes it's not only on the mindset, from the power of the money in the society it divides people who have a lot of assets that classifies as poor and rich. If you have a huge amount of money then you can be called as rich but if you're not then they will consider you as poor. Which will be affected by the thinking of the people. Even if there's a new born child as he grows up not knowing the concept of this maybe he will be happy in life as long as he have all of his needs such as foods, shelter and etc. You could feel this lifestyle in rural areas where some people's mind are not fixed to the power of money. Even if you gift someone you love as letter as long as effort is there they can be happy. Mindset and the standards in the society is what makes people to think in their mindset.

One thing that I see this life on a level as material, fame, and balance. But what makes us always chase without knowing the true meaning, rather, born in this environment, prejudice is imposed that makes us accept or oppose it, and always improve what life will follow some flow.
I don't think a lot of money will make us happy, but I don't deny that having a lot of money will help our lives a lot, a fact that I find we lack something in life, always look at it important includes money. Personally, I don't have much money, but I also work hard to be able to live comfortably and experience some of the things that I find very worthwhile in life, the journey back to the simple life that I learned. The past few years have given me more value than jostling through life in the current turbulent times.

Oasisman

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Quote from: xSkylarx on July 15, 2023, 07:51:29 AM

Quote from: bussybuddy on July 15, 2023, 07:14:09 AM

Quote from: Plaguedeath on July 14, 2023, 09:01:54 AM

Quote from: bussybuddy on July 14, 2023, 07:21:35 AM

if you don't work hard to study, be lazy and stingy, then poverty will surround you.

Not really, if you were born by a billionaire parent where they have many autopilot big business and can't be competed by any other business. Even you're not study hard, be lazy and stingy, you're always rich as you don't need to do anything. There's no guarantee you will success after study very hard, productive and being generous.

Life is unfair and you must able to accept it.

How many people are like that in life?
It's fair that their parents have worked hard to get a better life, and they are the next generation to inherit that common fruit, and justice always exists in life, we We should not look at some cases and ignore the whole.
I have also asked a lot of questions in the past about why people who are born in a good family, and also people born in difficult families, have really big stories but don't fits the topic of this channel so I don't want to express it. However, I still want to reiterate that life is fair to all of us.

All of the poor sectors are really thinking about it even my self but this kind of mindset is very toxic because you will complain everything, when I started to read books about principles of life it is really best to not compare your self because that is where that mindset starts, you'll strat comparing your life to others even it is not applicable at it is very different, that is why having a gratitude mindset always in everything, lets say right now you should be happy that you joined a signature campaign here and earning decent money because others want it, rather than complaining that you need to do 2 jobs at a time so that you can survive on daily basis unlike to others that they are born wealthy already.

But comparing yourself to other is kind of inevitable. There will always be a time for you to be envy with what other people around has achieved, while you are still working as hard as you could to make a difference. Though it is true that you will not need to compare yourself to others as you have a different set of skills and mindset. However, life is also unfair, it is not really toxic to think that way, but If you have the ability to deeply understand the true meaning of life, you will for sure be satisfied of what you can only do, because in reality we all have limits. What is more important is that you will always have the survival instinct and the courage to not give up in life no matter how hard it seems. In fact, a problem will never be called a problem without a solution.
So, those who were born with rich parents are without a doubt very lucky, while the other way around is not as lucky the ones who's rich.

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Quote from: bussybuddy on July 15, 2023, 07:14:09 AM

Quote from: Plaguedeath on July 14, 2023, 09:01:54 AM

Quote from: bussybuddy on July 14, 2023, 07:21:35 AM

if you don't work hard to study, be lazy and stingy, then poverty will surround you.

Not really, if you were born by a billionaire parent where they have many autopilot big business and can't be competed by any other business. Even you're not study hard, be lazy and stingy, you're always rich as you don't need to do anything. There's no guarantee you will success after study very hard, productive and being generous.

Life is unfair and you must able to accept it.

How many people are like that in life?
It's fair that their parents have worked hard to get a better life, and they are the next generation to inherit that common fruit, and justice always exists in life, we We should not look at some cases and ignore the whole.
I have also asked a lot of questions in the past about why people who are born in a good family, and also people born in difficult families, have really big stories but don't fits the topic of this channel so I don't want to express it. However, I still want to reiterate that life is fair to all of us.

All of the poor sectors are really thinking about it even my self but this kind of mindset is very toxic because you will complain everything, when I started to read books about principles of life it is really best to not compare your self because that is where that mindset starts, you'll strat comparing your life to others even it is not applicable at it is very different, that is why having a gratitude mindset always in everything, lets say right now you should be happy that you joined a signature campaign here and earning decent money because others want it, rather than complaining that you need to do 2 jobs at a time so that you can survive on daily basis unlike to others that they are born wealthy already.

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Quote from: Freddie Boyer on July 15, 2023, 02:08:40 AM

Capital determines results, but in my opinion if it is mismanaged it will be another story. Yes. investing requires courage and strong capital support and will be successful if combined with strong experience and analysis. I agree with you that the increase in asset estimates may have a price and does not just happen without a reason.

Yes capital alone is not enough, it takes more courage to do it. Personally i see that there are many opportunities that we can use to invest. Both in the form of goods aimed at self-development and in the form of digital assets, going back to the beginning of it all just needs movement to do it. This means that it is not enough to push from outside and be supported by a lot of capital, everything takes time. Studying risks, setting goals, analyzing opportunities is needed if we want to do it.

For cryptocurrencies it will interest me more for now, by exploring and studying market share we can minimize risks so that we will get significant profits. But this is just a personal opinion, each individual must have their own thoughts on the desired form of investment. If managed properly and correctly all forms of investment will produce results, namely profits.

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Quote from: Plaguedeath on July 14, 2023, 09:01:54 AM

Quote from: bussybuddy on July 14, 2023, 07:21:35 AM

if you don't work hard to study, be lazy and stingy, then poverty will surround you.

Not really, if you were born by a billionaire parent where they have many autopilot big business and can't be competed by any other business. Even you're not study hard, be lazy and stingy, you're always rich as you don't need to do anything. There's no guarantee you will success after study very hard, productive and being generous.

Life is unfair and you must able to accept it.

How many people are like that in life?
It's fair that their parents have worked hard to get a better life, and they are the next generation to inherit that common fruit, and justice always exists in life, we We should not look at some cases and ignore the whole.
I have also asked a lot of questions in the past about why people who are born in a good family, and also people born in difficult families, have really big stories but don't fits the topic of this channel so I don't want to express it. However, I still want to reiterate that life is fair to all of us.

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Quote from: Mr. Magkaisa on July 11, 2023, 06:16:19 AM

[3] Spend to earn - You also need to have a mindset that is not just saving or saving or always relying on free money just to increase your money. But it's true that the aforementioned are important, But if you want to earn a lot, it usually comes at a price. Because you are investing for yourself and your future, that is why it is also spent and time is really taken.

They say "The more you learn is the more you EARN." So don't beat yourself up because that's for yourself too. If you want to learn something, buy a book, or watch youtube videos and type what you want to know. Attend seminars or study to increase value in any marketplace.

And for that to happen, I think you need to invest in equipment, such as laptops, mobile devices or gadgets that can help you develop yourself.

Capital determines results, but in my opinion if it is mismanaged it will be another story. Yes. investing requires courage and strong capital support and will be successful if combined with strong experience and analysis. I agree with you that the increase in asset estimates may have a price and does not just happen without a reason.

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Quote from: Mr. Magkaisa on July 11, 2023, 06:16:19 AM

It must start with ourselves that you have a strong burning desire or drive to get out of your situation. Because if you just lie down and wait for what's coming, nothing in your life will ever change. YOU MUST TAKE ACTION NOW...

That's a very good point about our financial situation, we can't change much by sitting at home and do nothing. The only thing we do like that is not spending any money, which is a good thing but it's not enough to change our situation. Reducing spending and consumption is a good way to increase the money we can save each week, but by saving alone we won't become rich. To really make a difference we need to look at our income side, not the outflow side. The interest we get on our savings is not enough to cover inflation, we are losing wealth every year if we don't invest. In my opinion building a long term portfolio with different asset classes is the best approach to try and grow our money.

Topic: Things you should know about Money mindset - page 8. (Read 1540 times)