Topic: You can't meet all your needs/desires at once, even if you spend all your salary - page 11. (Read 1602 times)

That's why you need to become 1% people where they don't care about needs/desire, they're focus to make money and money even though they can afford to fulfill their needs/desire.

Actually this is a modern problem because many young people are obsessed to impress other people with their achievement that mostly related with money. If you can escape from this, you're high likely will happy.

I used to have this challenge at a point. I still do if I'm being honest.
I would always want to solve everything first so I can start saving comfortably. I later realized that it doesn't work that way.
There will always be problems that need solving so what I do now is keep a percentage of my earnings for investment however small it might be
I tried to solve my problems one at a time and as far as it's not life or health threatening I'll be good.
The fact that we said "Invest what you can afford to lose" doesn't mean it is money that we will not miss. We have to make an effort to make that money, but it should just be money that won't wreck you when you use it.

I am not saying that personal needs, some challenges, and problems should not be attended to, but there are some secondary and tertiary needs that can be attended to later. Some people are earning well, but they want to settle all their needs before investing in Bitcoin or into something that will be profitable to them in the future. But even the needs they are trying to solve are unending, because the more needs they solve, the more they others evolve in a short time.

That is human nature, and he can't live a normally satisfied life and the hunger in him will always light up extra fire in his heart to bring in more desire in his life and do even more work to achieve it. Those who don't stop trying, those are the only ones who succeeded and will succeed but the ones who don't try, can never even fail it because they're losers in their thoughts already. It's not about spending the whole salary and not meeting the needs, it's all a matter of mental state where that person decides whether he is satisfied with what he already have, or wants more from his life and will do what it takes to achieve his dreams.

First I would say "human needs are insatiable.".

For example, even if someone has $10, 000 in their account and they decide to spend all that money on the current problem or financial needs that they are faced with at that moment, the next moment they will still have some new needs and desire evolving, which also require attention, and by then they will still need more money to tackle whatever issue it is.

So, folks, I wish to remind us to always keep to your budget, still hold on to your savings, and invest for the future. Don't always think you can use your entire savings to solve today's problem, forgetting that tomorrow's needs, desires, and problems are going to evolve.

I shared this based on some mistakes I made a few months ago when I took a lot of responsibility on my shoulder and took out a whole deal out of my savings to solve some problems, with the hope that I would start saving again to cover what I had taken out, but... more needs even arise.

One of the important thoughts of Kiyosaki's book "Rich Dad Poor Dad":
"The book emphasizes understanding the difference between assets and liabilities. According to Kiyosaki, assets generate income or appreciate in value over time, while liabilities drain income or depreciate. Building a portfolio of income-generating assets is crucial for financial independence."
If a person wants to gain financial independence, then he should not buy liabilities, like expensive cars, which will increase his expenses.

Yes, It's true that as humans, we can never meet all our needs/desires at once due to its insatiable nature, but that doesn't mean that Bitcoin is the only gateway to financial freedom, which if a person doesn't invest in it, he/she can never attain the height to financial freedom, because when it comes to Bitcoin investment, I think that's one kind of investment you don't force people into it, but an investment someone goes into after haven been convinced of it being a worthy asset/investment option. As humans, it's very important to keep 3 kinds of funds (i.e. Emergency fund, investment fund, and fund for daily usage)

First I would say "human needs are insatiable." Upon attending to some current needs, definitely others will arise. So, even if you spend all your earnings trying to solve every of your needs, that doesn't mean that other needs might not arise.

Often times it's good to remind ourselves that we are still in the real world and have to come out of the world of fantasy.

This is mostly concerned with people who have not really gained a strong grasp on wealth and finance, i.e., those who are not really financially stable. Although it concerns all, but mostly those who are less financially stable.

Bitcoin investment doesn't require a pocket full of money before you can invest, but it's something you can do with in a peaceful mind and with no minimum or maximum amount. It also doesn't put restrictions on the amount of Bitcoin people want to buy or hold, so it's better to invest than to wait until you have finished satisfying all your needs before you think of investing in Bitcoin.

I am not saying that personal needs, some challenges, and problems should not be attended to, but there are some secondary and tertiary needs that can be attended to later. Some people are earning well, but they want to settle all their needs before investing in Bitcoin or into something that will be profitable to them in the future. But even the needs they are trying to solve are unending, because the more needs they solve, the more they others evolve in a short time.

For example, even if someone has $10, 000 in their account and they decide to spend all that money on the current problem or financial needs that they are faced with at that moment, the next moment they will still have some new needs and desire evolving, which also require attention, and by then they will still need more money to tackle whatever issue it is.

So, folks, I wish to remind us to always keep to your budget, still hold on to your savings, and invest for the future. Don't always think you can use your entire savings to solve today's problem, forgetting that tomorrow's needs, desires, and problems are going to evolve.

I shared this based on some mistakes I made a few months ago when I took a lot of responsibility on my shoulder and took out a whole deal out of my savings to solve some problems, with the hope that I would start saving again to cover what I had taken out, but... more needs even arise.

You have pointed out a good discussion. And you have made valid points too. I have a small example which will elaborate it more and it will be easy for many people to understand.

You must have seen one or two topics related to above image in which OPs were saying that BTC is a great hedge against inflation and some were emphasizing that, investment is better then filling all wishes. This same example fits right in your topic too. Because one if have Iphone 14 pro max then he /she must think to buy Iphone 15 pro max while thia is just a wish not some need. But still people prefer to buy it instead they would have bought 0.03+ BTC. And that would increased their portfolio.

The point is, one would say, he have saved enough now he wanted to fulfil his wishes but he might be wrong too. Because world has unexpected events for you which might become expensive so it is better to save funds and invest them so that they would not lose value over time due to inflation.

So better is to work for your passion and do something that you really enjoy because there is no end to the process of keeping working just for the sake of money.

First I would say "human needs are insatiable." Upon attending to some current needs, definitely others will arise. So, even if you spend all your earnings trying to solve every of your needs, that doesn't mean that other needs might not arise.

First I would say "human needs are insatiable." Upon attending to some current needs, definitely others will arise. So, even if you spend all your earnings trying to solve every of your needs, that doesn't mean that other needs might not arise.

Bitcoin investment doesn't require a pocket full of money before you can invest, but it's something you can do with in a peaceful mind and with no minimum or maximum amount. It also doesn't put restrictions on the amount of Bitcoin people want to buy or hold, so it's better to invest than to wait until you have finished satisfying all your needs before you think of investing in Bitcoin.