Topic: You can't meet all your needs/desires at once, even if you spend all your salary - page 12. (Read 1685 times)

Needs and wants are different. Needs are basic supplies that are essential to survive while wants are usually acquired for pleasure. You don't need to starve or push away responsibilities because you want to save and invest. I know we need to make some sacrifices to help us save but if your income cannot cover your needs, don't even think of investing.  What you need to do is to seek other means to increase your income. But it is important to cut many pleasurable activities that are not important so that we can save enough to invest.


If today's problem needs to be solved with your entire savings,  please use it to solve the problem. The reason why we save is not only to invest but to solve problems. We have to be prudent in spending but some needs or issues must be solved with even all we have. You can have your budget but you have to note that unforeseen circumstances could change the financial plan.


Some people have to borrow or even sell personal belongings to solve their problems. So you should be proud of yourself that you have the funds to solve your problems. I also had to pull out some part of my savings fund for a relative's health bill. It was unexpected but I am pleased that I could help.

Some needs need to be quickly solved if there is the money to do it and not prolonged too much so it does not keep bugging. Plan to meet your needs little by little so it does not put you in a discomforting position where you will then be forced to borrow money to survive until another money comes. The reason why some people are progressing steadily and meeting their planned goals is because they are very good with planning and getting their needs met, so people always think that they have money always.

I agree with you, there will always be something else waiting for us to spend our money and resources on. Hence, it is very important to ensure we leave something for tomorrow. We can never be 100% sure that we will be fine tomorrow and no problems will arise after we solve the problems of today. We cannot be too confident in luck and just let the wave us wherever because we gave everything to the needs, wants, and problems of today. We need to ensure we are always prepared for tomorrow despite facing the present day. Make sure we have savings, investments, assets and other sources of income that will back us up for tomorrow and the future days that we will surely be facing problems and catering to our never-ending needs and wants.

There are still many people who don't understand which needs are priority needs and which are non-priority needs, for example my little sister, she and her friends are already talking about buying an iPhone 15 when it comes out, honestly when i heard this i just shook my head, often people buy non-priority things just because they want to be recognized in their social circle even though if they are good friends, they definitely don't look at their friends based on the luxury items they own.  it doesn't matter if everyone wants to buy the things they really dream of, but the things that people must prioritize are savings, investment and also a stable income.

Not true. Some people's, or a lot of people's if you like, but not everyone's. I insist on the previous comment. The rest of what you say, since it is based on a premise that I consider false, I do not agree with it.


Sounds to me like wishful thinking about spending, or something like that. Remember: contentment.


I do agree on this.


Ok so learn from the mistake and don't make it again.

  where did I say so? I think you miss to read  what was said below. 


By the way, forget the fact that the people you have mentioned above are big-time rich men. But don't you think that they might have some other big-time project they wish to have launched, but because the total value of capital they need is not yet ready, they decided to still (keep it pending) make due with what they have archived so far, but they are still gathering more funds to pioneer a new project that can earn them more money?

For example, I think Elon Musk has a project with Mars that is still in progress. It could be a desire that he wishes to archive, if everything is really in his power financially and otherwise, he could have just archive it overnight.

$10,000 is still small amount of money if you're want to reach financial freedom.

It's wrong if you said someone can't meet all their desires at once, if they're rich people e.g. Elon Musk, Mark Zuckerberg, Jeff Bezos etc, actually they can fulfill all their needs and they don't have to worry about the money they spend.

If you're a mediocre, even you've invest all of your money and gain a lot profit, you still not able to reach financial freedom because the salary you earn aren't big.

There’s are sayings ‘you always want what you can’t have’ & ‘the grass is always greener on the other side’ that sum up this conundrum perfectly. Human beings are never satisfied but in some ways that’s what makes us so different & more developed than other living organisms. We should always try to achieve more, it’s not a bad thing.

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.

It is better that we don't think of only today but we should also think about tomorrow, because when you invest for tomorrow, it will help you secure your future and make you live a better life, this is the reason why investing in bitcoin is very important. Using all the funds that you have today without investing it shows how shallow your financial mentality is because what has been spent can't be retrieved. This is why as long as you are earning, you should try and invest some fraction into bitcoin so that you don't misuse that money for irrelevant or unnnecessary things that will depreciate with time.

Needs and wants never ends but what you must know is that investment are made to secure our future and to prevent us from lacking when time as met, naturally we are also required to tackle our major challenges as that is main reason for investment. When our problems are solved you are free from every mental stress and thinking, otherwise we need to introduced some saving methods whereby whenever your salary/salaries comes you should know how to handle it in order to be able to see your needs and wants when time comes, you might not channel all your income into investment because there are unforeseen needs and wants, that may arise and this are always crucial to be attended to.

Though for bitcoin investment we may start involving ourselves with DCA, it can be as little as you can be  it $10 or $30, the thing is we should make sure that something very positive towards your investment are actually going underway by then you wouldn't know when you might have arrived at high place (succeeding have sufficient amount in your saving plan) that may be there for future preservation and to attends to your needs when the times.

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.

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.