Topic: What are some financial secrets that you know of? - page 2. (Read 1562 times)

Of course, investigating and reading (like Bloodseekers mentioned above) are forms of action, yet in order to really attempt to make progress there likely needs to be actions that go beyond reading and investigating, and surely the ways that action takes place can start out small and build up to getting BIGGER.. It seems that anyone who gets to the BIGGER stage, needs to have had been engaging in a variety of practices along the way, and learning through practice that gives feedback that is more practical than mere reading and investigating.. yet the ongoing and persistent reading and investigating can become more focused when it is informed by various real world actions.

People make judgments more carefully due to restricted capital and means. What you say reminds me of societies that had to make tough decisions with limited resources. Less money doesn't always mean better decisions. Due to the stakes and consequences, we make better decisions

Countries and people are molded by various factors, some unrelated to money. Strength isn't everything. Change, learn, and grow

Despite the abundance of financial aid, I don't think emotions are the only thing stopping people from following it. Relevance, context, and fast-changing social and economic conditions are key. Advice doesn't always work. Consider customized replies and plans instead of generic e-books

I agree. By investing time and effort into discovering and learning new things via reading, we are able to learn and adapt various skills and ideas that can help us achieve success and financial independence. Knowledge after all is power. The more you know about something you are interested in the more you are ready to make a move and face any situations head-on, may it be positive or negative. Knowledge also acts as an instrument for prevention as it prevents individuals from making wrong choices and reckless decisions.

Reading is a very good thing to make a habit for those who have free time by reading can provide information and knowledge for the reader. Having a calm heart will make it easier for us to face every challenge we get, of course this will make us look like people who don't have any problems with anyone.

reading opportunities is really needed to get rich, and of course with a normal process and instilling discipline in everything can help us to achieve success. there is no need to avoid what should be our obligation, because of course that way we will become rich inside and out, with a calm heart we seem to be the luckiest people and of course we can benefit many people in need

There’s no secrets but hardwork and patience pay off. And by simply investing on yourself by gaining knowledge and first hand experiences, when you consistently work on it, you’ll be rich faster than what you think. As there’s no shortcuts to success and being wealthy, everything starts with a goal and achieve it through taking advantage every opportunity that comes, and never miss any single of it.

Sometimes having that small capital would really be having that kind of driving force on which you could really be able to make your every step would really be that something meticulously be done because you do know that

you do have that limited funds which in every step you would make should really be having that kind of assurance or being sure that it is really that getting in line on what you had analyzed.Its true that alteration of decisions
would definitely be something that could differ on each person because there are ones who do really easily give up on the time that they would really be experiencing some disaster and there are ones who do really withstood no matter how harsh the challenges that they would be able to face on. In speaking about financial secrets then we could really be able to read up tons of ebooks or words online about those basic things which it is really that again and again or endlessly been that recommending but not all people would really be able to follow despite of being known because of those common factors like emotional situations on which it could really
that distract you on achieving your goal or sticking on what you do have in mind.

I think I learned the best financial secrets in later which were all clearly in my sight but I was blind to see. First one is to use debts wisely to leverage your position. With good timing you can secure your future through real estate investments by being little bit indebted. Second is to always keep saving no matter what people say. If you spend a lot to buy unnecessary products you are selling your life away (let's assume you are laborer). First thing to do is to exit labor and generate money. Always.

Well that's right, and when someone is in a position like that then I think it will go back to each person's personality, if they don't have a strong mentality then it is certain that they will stop halfway, I mean when they are down by experiencing things that make them fall then they will stop there. This is one of the facts experienced by several people who experienced failure in carrying out the business process. Then in terms of capital, yes, it is very influential, when they have small capital then they must be more careful in making every decision for their business expenses, lest they have partners who cannot be trusted which in the end most of them will be deceived on some agreements or agreements.
For frustration it is very likely that they experience especially for some people who live with small capital, because maybe the small capital they carry is the only hope they can utilize.

Some parents who want to create the same characteristics in terms of business for their children are for the sake of showing how difficult they have experienced in the past when developing a business and that is absolutely not wrong to do even though what the child will feel it will not be the same as what is felt by other people's children who build a business from scratch. I have also encountered what you say in life, where rich people who already have several businesses also want their children to learn from the basics about business matters. And also how to manage it quite well because it is considered as the basic capital of the child when he is no longer living in this world.

Partners are part of a relationship where if a business owner can have more relationships with agreements and a good understanding of cooperation, then their business development can also occur more easily when the marketing of their products continues to increase from time to time every year. Because in addition to a plan to get profits every year, the business owner must also have a plan to expand the business with a wider area coverage in order to get a more equitable development.

Rising after stumbling can only be done by those who are professional and wise in understanding the conditions for business trips, because not everyone can get back up when they stumble or fall while running a business. Especially if it's someone who has used more capital in his life for a business, of course there will be a feeling of frustration that he will feel even though that feeling doesn't need to be expressed or shown to everyone when he has fallen.

As long as there is knowledge in every business trend, it is sure to yield great results. Social media is also a big help in strengthening our business because it is easy to share the business we have with people. You have a point that someone who wants it must have the skill to make a business because otherwise he is forced will definitely have a hard time growing it.


So when we talk about business, we need to first look at every place where we can put our business plan because if we don't look at them, we will have a hard time competing with other entrepreneurs. If we need to visit the businesses around to get an idea, then we will increase our knowledge that they don't have, surely our business has a chance to prosper.Every business can be copied as long as you know how to put or add twists to make it more unique.


Next time mate we look for a business partner, we should really plan and have a document to make everything fair, it's hard to trust now so we should be doubly careful even if it's a close family member or friend.Hopefully your experience will be a lesson for you and you will definitely not fail again.

What you said is true, I have had two failures in business partnerships. At first I believed because we had known each other for a long time, high school friends, agreed to do business together, agreed to deposit capital into the account, the business was doing quite well and should be profitable after we broke up, but the answer was that there was no money. I checked the account and found that there is. So the conclusion is that just trusting capital is not enough to build a partnership, even though our friendship history is good. As you said, siblings, even husband and wife, let alone best friends, are not necessarily compatible in the partnership business.

Of course, if you want to be a successful entrepreneur, you have to change your mindset. So it is important for us to learn and instill in us how important it is to be brave, persistent and creative in achieving success in doing business. Stumbling is a common thing in every business, what is unusual is how we can get up afterwards.

I dunno if I would class them as secrets but some things I find useful which I guess I could pass off as advice are -

Automating savings, you can set up monthly transfers to your savings account. You can Use cash back credit cards, earn while you spend. Maybe invest in low cost index funds, they often outperform actively managed funds.

Utilise tax advantaged accounts. Maximise 401(k), IRA, & HSA contributions. Always try to pay off high interest debt quickly. It reduces total interest paid. Regularly review your expenses, try to cut unnecessary costs.

Everyone will agree that they will be able to produce or achieve success with a number of basic factors, namely as you mentioned skills and knowledge are needed there, and I will add a little that one must also be prepared in any way, they must do research first about what business they will live and of course that suits them. Everyone will have a chance at whatever comes his way. In this day and age, I think knowledge is easy to find, we can get it from many sources around us, including social media, which we approach all the time. Then in terms of capital there are also many who provide loans with small interest amounts, with these modern conditions everything looks easy if we want to do it and work hard.

Even though on the other hand, competition is now quite tight in business, but we can see that many potential youths are able to create something extraordinary, they have managed to achieve their dreams even though the competition is quite fierce. The question now is whether or not we want to make progress in our lives, they always say yes but don't do it. To be honest, indirectly I am also encouraging myself.

You have a point that you must have a large investment to support the plan to do business well, it is also better to just work first until the business grows. You are right that we should not let go of work first so that we can support our business. But we should really accompany this with learning about things that are good to do business that are more in line with our area. Because if we do this, there is a higher chance that our desired business will grow.