What are some financial secrets that you know of? - page 7.

Aanuoluwatofunmi

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Quote from: palle11 on July 28, 2023, 11:04:09 AM

Quote from: serjent05 on July 27, 2023, 05:11:47 PM

Quote from: Hermez11 on July 20, 2023, 09:15:07 PM

What are your secrets?

Many might not believe this but most religious people's secrets to their financial success are tithes and donations. Since they believe in the promise of God written in the bible. But on top of these, I believe the secret is how one manages their finances. If we have lots of incoming money, but failed to manage them correctly we can still end up broke. Money management I believe is the secret to wealth.

There is a sense in the religious inclusion that you have made and it is very correct to say that if you look at the bible where God promise the benefits of giving tithes and offerings which is used to maintain the temple of God. So many religious people understand and follow such doctrine having them to believe that once they keep to that, every endeavour to go into will flourish. If this is done then a little water can become an ocean after all God used 5 fish to feed multitude of people. The miracle of the old still exist, so managing your fiance is not just the issue but being properly guided.

You guys are all right, there must be a double check approach to ensure that what we do is making profits for us and we should ensure that we back it up with the two significant suggestions which is the religious tithing believe and the business ethics models and principles of running a successful business, career and enterprises, when we see things are working out the way they ought to be, it's a clear indication that they are doing what is meant to be done for the required outcome they see in whatever they do, they wouldn't tell anyone about their secrets except you ask.

bestcoins1

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Quote from: xSkylarx on July 28, 2023, 10:55:31 AM

I just remembered something about not sharing secrets. Before, when you ask someone who is earning online, they are not sharing information on you; they are telling an alibis or they will say it is secret, which means if it is revealed, there will be competition on it, and it is possible that they can lose it. That is why it is kept secret, as the risk of this for them is huge. They can only give tips, like they will research this, but they won't tell you the right method on how to earn that way.

I've come across cases like that in an association in the past where someone who was already successful by becoming a content creator on YouTube didn't want to share his knowledge with friends he often hung out with at that time. I considered it very stingy at the time, but after knowing the real reason I also began to realize that everything related to income or money would not be good to be disclosed openly to the environment or to the people around us.

Because competition will definitely be formed when there are already many people doing the same job at the same time, so someone who doesn't want to provide specific methods for other people in terms of making money online is someone who wants to be wise with himself so he tries to replace things that with a better tip for those friends to learn from.

tjtonmoy

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I know only one secret. I will share it with ya. This is not a "secret" kind of secret. But more likely a piece of advice that most people won't tell you. The thing is, have friends who are successful. If you have an idea that you want to make and business out of it, then share it with those who are successful. Those who are not successful, they will never be able to give you good advice. Most of the time they will find the negative side of your idea and discourage you. Because they lack experience and this is very important when it comes to getting success.

And one more thing that I want to add is, always have spare money in hand for investing. You will never know when the opportunity will come. So don't miss out on something just because you didn't have that asset to invest. This will help you in the long run.

palle11

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Quote from: serjent05 on July 27, 2023, 05:11:47 PM

Quote from: Hermez11 on July 20, 2023, 09:15:07 PM

What are your secrets?

Many might not believe this but most religious people's secrets to their financial success are tithes and donations. Since they believe in the promise of God written in the bible. But on top of these, I believe the secret is how one manages their finances. If we have lots of incoming money, but failed to manage them correctly we can still end up broke. Money management I believe is the secret to wealth.

There is a sense in the religious inclusion that you have made and it is very correct to say that if you look at the bible where God promise the benefits of giving tithes and offerings which is used to maintain the temple of God. So many religious people understand and follow such doctrine having them to believe that once they keep to that, every endeavour to go into will flourish. If this is done then a little water can become an ocean after all God used 5 fish to feed multitude of people. The miracle of the old still exist, so managing your fiance is not just the issue but being properly guided.

xSkylarx

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Quote from: Lorence.xD on July 28, 2023, 09:31:41 AM

Quote from: Hispo on July 27, 2023, 06:56:28 PM

I don't have any secrets and to be honest, if some people around here indeed have some secrets which help to accumulate money I doubt they would reveal them out of the blue just because you asked, OP. Wink

It is a matter of common sense, I think. It can be better to do your own research and even get some professional financial advise if you get it.

There people out there in the economic capitals of the world, whose work is to manage money to take a good cut of it. Consider that.

That's why it's called a secret right, because once people acknowledged that method they are doing for earning money for sure it could be an competition. Still I think that those methods that they've discovered is from exploring and risking their assets too so that could one of the reason for them not to reveal it. With or without financial advise if you are eager to learn and earn you would always find way to profit. Were already in the era of the internet there's a lot of advices and techniques online why do you think despite of the information online still some people doesn't become successful? Because it's still depend on the person on how they manage their financial. Even those government officials whose corrupt which is illegal they won't even reveal it to the public lol.

I just remembered something about not sharing secrets. Before, when you ask someone who is earning online, they are not sharing information on you; they are telling an alibis or they will say it is secret, which means if it is revealed, there will be competition on it, and it is possible that they can lose it. That is why it is kept secret, as the risk of this for them is huge. They can only give tips, like they will research this, but they won't tell you the right method on how to earn that way.

lizarder

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Quote from: Hispo on July 27, 2023, 06:56:28 PM

I don't have any secrets and to be honest, if some people around here indeed have some secrets which help to accumulate money I doubt they would reveal them out of the blue just because you asked, OP.

What I know is the formula is process and hard work in forming self-skills, so that we are needed not offering ourselves. When we live and grow up, looking for wealth is not an easy job, moreover there is no financial support from the family and we find many things after going through this long process. Not everyone is lucky to get rich in the same way because different people have different ways to generate finance.

Quote from: Hispo on July 27, 2023, 06:56:28 PM

It is a matter of common sense, I think. It can be better to do your own research and even get some professional financial advise if you get it.

The main thing we need to do is know our own character and where the place is suitable for us. Everyone has skills but they need to be studied to find out, when this can be recognized then we will work in the right place and in the end it will be easy to achieve financial independence or wealth.

Quote from: Hispo on July 27, 2023, 06:56:28 PM

There people out there in the economic capitals of the world, whose work is to manage money to take a good cut of it. Consider that.

Consider what can be done and continue to practice the skills we have, wealth is not only found in business or investment. There are many people who are able to make money just by creating one technology or application in a certain field, wealth is unlimited and people can earn it when they know where the position is suitable for them. That's why we need to recognize the skills we have, so that it's easier to implement and try to set the success targets we hope for.

Lorence.xD

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Quote from: Hispo on July 27, 2023, 06:56:28 PM

I don't have any secrets and to be honest, if some people around here indeed have some secrets which help to accumulate money I doubt they would reveal them out of the blue just because you asked, OP. Wink

It is a matter of common sense, I think. It can be better to do your own research and even get some professional financial advise if you get it.

There people out there in the economic capitals of the world, whose work is to manage money to take a good cut of it. Consider that.

That's why it's called a secret right, because once people acknowledged that method they are doing for earning money for sure it could be an competition. Still I think that those methods that they've discovered is from exploring and risking their assets too so that could one of the reason for them not to reveal it. With or without financial advise if you are eager to learn and earn you would always find way to profit. Were already in the era of the internet there's a lot of advices and techniques online why do you think despite of the information online still some people doesn't become successful? Because it's still depend on the person on how they manage their financial. Even those government officials whose corrupt which is illegal they won't even reveal it to the public lol.

Rockstarguy

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Quote from: Hermez11 on July 20, 2023, 09:15:07 PM

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

Keep working no matter how small you may be receiving, no situation, no financial level is permanent as far as you are still consistent with the little things you do to make money you will definitely grow in it. Do not give up on your business or skill , go harder.
Prepare yourself for opportunities because opportunities will always come your ways, be conscious with the manner how you spend money on things that are not important and taking loan should never always be an option to solve problems, instead their should be need to generate income . I believe in working hard, doing the right things when it comes to spend money, and get prepared to meet opportunities.

Sebas.tian

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Here are some of the financial secret:

1) Don't depend on one business: Those that depend in one business in the country find it difficult to grow higher when something negative occur at the moment because they don't have alternative to move on with another business.
2) Savings is another financial secret that can help people to grow financially and materially, because when you save money, it will be very easy for you to buy Bitcoin when the price is low in the market which is the best season many potential investors used to buy and hold for a better future.
3) keep off bad company is another financial secret that can make you to set up many businesses around your environment that will make you not to lack anything in the future because bad friends will never advice you to do good thing.

dansus021

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I dont think there is secret or maybe there is a secret but I still don't know it yet.

The thing for sure is we need an investment so we can fight against the inflation rate.

Look at this chart

is its like an invincible monster our money year by year will never the same as couple year ago.

so the secret sauce is keep working I'm afraid and doing an investment at least in future our investment can help us

Hispo

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I don't have any secrets and to be honest, if some people around here indeed have some secrets which help to accumulate money I doubt they would reveal them out of the blue just because you asked, OP. Wink

It is a matter of common sense, I think. It can be better to do your own research and even get some professional financial advise if you get it.

There people out there in the economic capitals of the world, whose work is to manage money to take a good cut of it. Consider that.

Asuspawer09

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Quote from: Hermez11 on July 20, 2023, 09:15:07 PM

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

There wasn't some kind of secret I guess, of the things that I learn that I think are a good thing when it comes to your finances is just don't buy things that you can't afford to buy. I mean it's actually easy to save and invest your money in my experience, but the problem is just we are getting carried by buying things that we can't really afford in reality. If we are going to budget for example our salary we could easily budget it so bills, wants, expenses, food, etc. if you have money to buy something that you like nothing is wrong with that but some people just buy something that they can't just afford resulting in dept.

Also, your gonna need to keep track of your expenses and write it down into something like a list. We notice some people for example have a 100k$ and then instantly just lose all of it without even knowing that they already don't have enough money, it is just because they don't keep track of their expenses they just continue to buy things that they wanted. When I started keeping track of my expenses I easily realize when I already overspend or still have the money to buy what I want.

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Quote from: Hermez11 on July 20, 2023, 09:15:07 PM

What are your secrets?

Many might not believe this but most religious people's secrets to their financial success are tithes and donations. Since they believe in the promise of God written in the bible. But on top of these, I believe the secret is how one manages their finances. If we have lots of incoming money, but failed to manage them correctly we can still end up broke. Money management I believe is the secret to wealth.

Alpha Marine

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Quote from: Silberman on July 26, 2023, 05:10:14 PM

The majority of those trying to look for secrets in order to gain wealth as fast as possible end up encountering the exact opposite and instead lose the majority of their money, anyone that wants to improve their financial situation will have no other option but to do it the old-fashioned way, which is to become way more frugal, save money, increase your income, invest in solid assets and then do this for decades, it is not easy but if you can do it then your golden years will be very pleasant and worry free in terms of money.

I don't think there are any hidden secrets to wealth, like hidden recipes of a good meal. Of course there's are factors to being wealthy but they can't be categorized as secrets. There are things you should do like working hard and smart, not giving up and the rest.

What worked for A will not necessarily work for B. So if you want to follow someone else's textbook then you might fail even though you followed the path of someone that was successful.
There are those who risked it all in an investment and became successful while there are also those who risked it all and became poor.

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Quote from: Hermez11 on July 20, 2023, 09:15:07 PM

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

Just invest in yourself. Just that simple. Everything you do will always reflect on you. So if you’re into success or not, it’s all because what you have done to yourself. So invest in the best of your ability and skills. Improve yourself to the best way that you can. You’ll be surprised one day that you are now living your life to the fullest not because you have some wealth secrets but because you invest a lot in yourself that made you who you are today.

suzanne5223

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Quote from: Jatiluhung on July 26, 2023, 10:29:47 PM

Quote from: suzanne5223 on July 26, 2023, 06:05:01 PM

Everything that was said to be a secret has to remain secret and once it's exposed it's no longer a secret.
What I learn is that there's no longer a financial secret again in this world but people are just too lazy to face the reality of financial freedom which always comes with a prize to pay.

It's absolutely true that it wouldn't be a Secret if it could be revealed and shared with everyone. Secrets become secrets because no one shares them openly. And only tell it to those we can truly trust.

Even when it comes to sharing the secret with only the people we trust the most. If the information is shared between more than 3-4 people it's no longer a secret because there's huge chance of someone among the 5 people to share the information with wife, sibling or friends. That's why we see today where the secret of some secret organization leaked online.

Quote from: Jatiluhung on July 26, 2023, 10:29:47 PM

And I agree that currently there are not many hidden secrets in the financial world. Unless it's from behind the darkest side of this world. Which I really don't want to talk about and certainly don't want all of you to hear. Because maybe you also actually know what the dark side of the world is in various sectors. be it in economics or in politics.

I believe it is easy for everyone in the early 19's to understand what you mean by the dark side of the world and for the financial world. There's truly no much hidden secret but people looking for the easiest way or greedy way of earning.

Quote from: Jatiluhung on July 26, 2023, 10:29:47 PM

But to be rich today there are many ways that can be done. as long as we are not lazy to learn and innovate. Must have different thoughts from other people. Remember the best business is a business that no one else has thought of. Meanwhile, a business in a field that has been thought of by many others must have had many competitors. So start innovating and making new discoveries in the field of business that are most needed by everyone but not many are aware of it. thinking out of the box is one of the common secrets that many people who have now become successful have done.

I agree with what you said here and this is why i like the idea of attending blockchain event where people gather for opportunities, new ideas, partnerships, sponsorships, etc. They help to know what people are currently doing and what is missing which will help to create the thinking outside the box.

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Quote from: Hermez11 on July 20, 2023, 09:15:07 PM

What are some of your wealth secrets that you could share with us?

I don't have secret tips or certain ways to be rich. All of them are common ways, everyone knows it very well.
- To increase our income, we need to have more jobs
- To decrease spending, we must limit the budget to use
- To use the money wisely, we need to use it for necessary things only
- If we have free money/excess money, don't put all of them on banks. It is better to have investment, there will be potential profits in the future.

That are some ways I always apply in my life. There are many other ways, but I think they are the most necessary ways to know. But I assume all of them are just common ways that everyone knows it. Anyway, what is your secret, dude? You should tell us first before you ask people's secret. Wink

Quote from: Hermez11 on July 20, 2023, 09:15:07 PM

Buying homes with cash and taking loans out on it?

It should be better to buy with cash, with our own money.
Buying homes with loans will burden our financial stability. Moreover, if we have no steady job with a stable income. It is better to avoid buying a home with loan money.

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Quote from: AnonBitCoiner on July 27, 2023, 01:09:09 PM

Quote from: KingsDen on July 21, 2023, 02:17:09 PM

If you are earning less, don't think of a project to accomplish. Think of how to increase your earnings
If you cannot increase your earning, reduce your spending
Invest only in things you know how it works
Don't forget to save. Don't listen to the advice that saving is wasting. If things go wrong, your savings will save you.

These points will surely play an important role in your success as those people who limited their expensives due to limited salaries are responsible person of their families and will sustain satisfied life with little amount of income.

Some people copy others without their own investigation and thinks that they will earn good sum of money but they follow wrong way which they realize after lossing their own money so I will suggest to always have own investigations and don't follow everyone even he is your close friend.

Saving is consider as wasting for those who did not visualize hard situations in their lives and have lots of money so when they realize the reality they will not say this type of words again.

Totally agree with these points on which it would really be something that would really be helpful for you to follow,even though this wont really be that easy because if you are on such situation then it
would really be that hard for you to follow these basic steps or you would really be derailed with some factors along the way on which it would really be making yourself that fail on following with those steps.
There's no secret about financial management since lots of books or even common sense would really be enough on what you should gonna do, specially on financial management but not all would
really be that successful on making yourself that able to control or apply these things on real time. This is why we do see people do experience success and there are ones who doesnt have
any progress at all and some do even go become that wrecked out because of bad decisions that they had made along the way and this is why it would be that recommendable that
always set out limits when it comes to possible problems on which if you could be able to hold on and sustain then this is the best thing to do.

Furious 7

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Quote from: Hermez11 on July 20, 2023, 09:15:07 PM

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

Actually when we talk about secrets and are told to share then it is not a secret anymore Cheesy

But in this case some things that need to be considered regardless of the secret or not actually we seem to know what to do such as manage your finances well and have several plans so that you don't just focus on one plan, prepare your emergency fund so that you don't bother with unexpected events that require money, Invest if possible, Work hard and always be alert in utilizing momentum whether it's in the world of work or business and of course avoid debt because it can make you even more difficult.

These things are basic, it's just that we sometimes don't pay too much attention because we only focus on how we can live a decent life but don't really want limits.

AnonBitCoiner

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Quote from: KingsDen on July 21, 2023, 02:17:09 PM

If you are earning less, don't think of a project to accomplish. Think of how to increase your earnings
If you cannot increase your earning, reduce your spending
Invest only in things you know how it works
Don't forget to save. Don't listen to the advice that saving is wasting. If things go wrong, your savings will save you.

These points will surely play an important role in your success as those people who limited their expensives due to limited salaries are responsible person of their families and will sustain satisfied life with little amount of income.

Some people copy others without their own investigation and thinks that they will earn good sum of money but they follow wrong way which they realize after lossing their own money so I will suggest to always have own investigations and don't follow everyone even he is your close friend.

Saving is consider as wasting for those who did not visualize hard situations in their lives and have lots of money so when they realize the reality they will not say this type of words again.

Topic: What are some financial secrets that you know of? - page 7. (Read 1672 times)