Topic: What define you is how you spend (Read 127 times)

For anybody to be financially independent they must spend money bellow what they earn as income, without this strategy they can not save or invest, and when a little problem meets them they will go bankrupt. It is true that many celebrities that we see are having financial problems because they can not be able to afford the kind of lavish lifestyle that suits their status. The best way to avoid poverty is when you earn money, first remove the amount for your family's upkeep, remove the amount for savings and investments, then the remaining amount can be for enjoyment.

One of the best investments is in Bitcoin, if a person can remove a potion of their income and do DCA method, they will not regret it in the future, the profit will keep increasing after holding it for a long time. Everybody that is making money in their youthful age needs to remember that old age will come and what you will use to sustain then is what you save and invest today.

Omor this is a very good and candid advice, shy to say this has been an issue for me lately, I've been earning over 30k weekly but I can't find myself saving any money despite staying in my mom's house and not having any serious expenses like food bills or house bills, at least even if I am able to save at least 15k a week that would be a good advantage for me and I would be able to achieve a lot of thigns that way. Spending too much is a fools habit and that is something that must be corrected.

Spending more than you earns is like eating your cake and wanting to get it back. Your growth in wealth doesn't at all based on those thoughts that yeah, I just want to make money, and be rich. If you don't stay up to work for it you would either remain the same and when you work for it and there's an inflow of incomes and you fails to invest but always spending without even saving then you're only plague to reign in a that short period of time at only when you earns.
The realization of individuals that Investing in bitcoin is a promising to secure variable great future would be a one kind of aspiration to inspire carefulness in your expenditures and that would as much help such individual to stand firmly and hopeful that the future would be bright.

Taking it seriously that no pain no gain would always remind us that we needed all those luxurious lives but the resistive ability to stay on starvation even when we can afford them in the moment pending that it would affect our financial reputable is remarkable to say is the starting point by which we've built a shield to grow in wealth as we spends and considering what would come ahead of tomorrow.

With the current economic crisis the aim at some point for everyone is to satisfy our belly and at the same time making reserves for the future which is unknown to us. In as much as we are trying to feed ourselves with our earnings or profit from the crypto (bitcoin) investment it's very necessary to know and manage our spending habits as it's part of what changes a man's story.

Let's take a realistic example of while it's very good to know how to spend your money. Let's say I have been saving regularly from profit and I take care of the necessary things of life that as a young person has to take care of, there are occasions where you have enough resources in your reserved funds and some one might bring up and opportunity for you to acquire a life changing property but because you have been spending wisely you can acquire such property without stress or even being planned so it's more like a preparation for any given opportunity.

The consequences of not spending properly is always comes at the end. The most common scenario that has made a lot of people broke or kept them broke is the power of impression. When you try to impress people with you hard earn money you tend to find out that you over spend and at the end you only destroy yourself while the people you seemed to be impressing remains the same because they do not care about how you but only what you provide so once you go broke you then learn the hard way. Conclusively, the manner which spend will determine how far we would go in life.

Good morning everyone in this our naija local board, as a man that is aspiring to grow, live big and be wealthy, it's a very good thing to venture into this crypto space because their is a lot of money in the industry, but as an individual, if you don't control how you spend your resources, you are more likely to remain the way you are, because it doesn't matter how much you are earning, if you are spending more than what you are earning you are more  likely to be hustling backward, so it's best to try as much as possible to avoid this that takes money from you, I know that as a young man in his youth, it's a normal thing to club and have some fun, but if you don't know the difference between having fun and destroying your future, you are more likely to remain in the same level year in year out.

Let's take a look at what Timaya the popular song writer said a few weeks back, he said that even as a musician, he was struggling financially while earning million of naira daily, weekly and monthly, because as at then he was doing drugs and some other things that always liquidate money from his hands, he said that it was after he sold one of his house at a cheap price, just to afford his expensive lifestyle, that's when he realized how backward he has been working, he said that everything changed the moment he started controlling his spending harbit, so in essence, why am I saying this, no matter how much you earn, if you don't control how you spend, you are more likely to remain poor even as a higher earner.