Topic: You can't meet all your needs/desires at once, even if you spend all your salary - page 5. (Read 1685 times)

Human needs can not be fulfilled and they are not limited. The more he gets the more he wants and this nature isn't always bad. Your desire to touch the sky takes you to a level that you have never dreamed of. It gives us motivation, inspiration and courage to improve ourselves to touch the sky that doesn't have any cilings. What destroys a human mind is its greed not its ambitious nature. 

As eloborated in the opening post, it is true that the needs of people won't come to an end. It is our responsibility to plan wise and allocate good money for savings. Miscellaneous spending happens and those are unavoidable, at times people spend money because they don't know what to do. Such situations needs to be avoided. To understand this situation, one need to spend on analysing whether it is must needed one.

Personally I used to have long term plans and if the earning turns good then I'll spend on it. This helps in achieving the materialistic needs fulfilled earlier. This is possible only through proper planning where we need to be clear on the allocation for our needs and for investment.

Human desires are of course very diverse and we will not be satisfied if we only spend our salary. If we had an income of $1 billion per year, we might spend it and we would not be able to fulfill all our desires, so the $1 billion is gone and many of our desires have not been achieved.

Such a person has no plans for his future and he only enjoys the moment when he receives money from whatever it is including parental gifts because he thinks he is rich easier to get even without working, but this will lead to regret later.

This person will be happy at the beginning will be tragic at the end because they do not prepare anything for an emergency fund let alone prioritize investment, it is clear that they will not think about it, this is only some people who do not care, maybe because of the lack of financial advice from those closest to them.

Not all rich people are the same, they will definitely think about the future if they have long-term thoughts and plans during their lifetime and now prioritize their investments.

Such a person has no plans for his future and he only enjoys the moment when he receives money from whatever it is including parental gifts because he thinks he is rich easier to get even without working, but this will lead to regret later.

This person will be happy at the beginning will be tragic at the end because they do not prepare anything for an emergency fund let alone prioritize investment, it is clear that they will not think about it, this is only some people who do not care, maybe because of the lack of financial advice from those closest to them.

Not all rich people are the same, they will definitely think about the future if they have long-term thoughts and plans during their lifetime and now prioritize their investments.

Most of the well earners that are still enjoying their adulthood don't still prioritize investment because they prefer to clubbing, drinking with friends, partying, and other easy go lucky activities, because they are thinking that they only live once, and they can afford it, they can earn it again.

They don't care about their future, the backfire of their activities that don't secure themselves in the future, no savings, no emergency funds, just flexing their salary through social medias and by treating their friends every single time.

One of the best ways to become financially literate is to listen to financial podcasts. Indeed, isn't it true? Sometimes, even with a well-paying job, it seems insufficient. We spend more money than we make. Really, isn't it a cycle? Our lives and expenses grow along with our salaries. Many people frequently fall into this trap

It's a great idea that you don't buy things that you can't afford. Spending half or more of your $10k salary on a single item can put a burden on your finances. The key is to budget. It is the basis for stable finances. Investing 40–50% of your earnings as well? That is admirable. Yes, that's a risky approach, but why not give it a shot if it works? Making our money work for us is the ultimate goal, after all. Is our money controlling us, or are we controlling it? is the true question

Isn't it wonderful how desires change? As you said, after we obtain object A, we focus on object B. The circle never ends, right? In bitcoin and the current economy, this is even more true. Think about it: many sought bitcoin early on. Since its value has surged, people want more of it or to diversify into other cryptocurrencies. Spending wisely is important in the volatile world of cryptocurrencies. Do we need or want bitcoin investments? Which comes first? Short-term gain or long-term investment? We must ask ourselves these

But habits... they're hard to break, right? Changing our compulsive buying habits is difficult. It takes time, patience, and financial management knowledge. Isn't financial stability worth it? Yes, definitely

I started to listen to a lot of financial podcasts and It did help me a lot in my finances, It is pretty common to see even though we have a good-paying job but still it isn't enough ever we do about it it feels like we need a higher salary or needed a raise. Time that you have a lower salary you could easily budget that money but now that you have a higher salary it just isn't enough anymore, just because we just tend to let our lifestyle increase as well so that budget increases as well when our salary increases. There was just no limits to our desires and wants, if you already buy something for sure you're gonna want something again, so you just gonna need to balance your want, and always take note of your expenses and budget.

The thing to do here is just dont buy anything that you can't really afford, if you have a salary of 10k$ then dont buy something that is half of that something like that or more that than, if you buy something that is half of that there is some room for you to recover since next month you're going to earn it, but if you're going to buy something that is more than that your life is just going to be difficult. If you really want to buy something budget your salary you that you already have a limit on what you can spend in a month and if you want to increase that find other sources of income.

One of the things that I do to easily invest is I invest probably 40-50% of my income, yes it's a big percentage because why not?

Most of the well earners that are still enjoying their adulthood don't still prioritize investment because they prefer to clubbing, drinking with friends, partying, and other easy go lucky activities, because they are thinking that they only live once, and they can afford it, they can earn it again.

They don't care about their future, the backfire of their activities that don't secure themselves in the future, no savings, no emergency funds, just flexing their salary through social medias and by treating their friends every single time.

I know someone who do these things but in moderation and still have funds for their savings. When I ask him about it, he informed me that it's also some kind of investment as well but for his mental health. Going through clubs, going out and partying with his friends every now and then relieves stress that he gets from his work and side hustle.

As long as you can stick with the budget allotted for your needs, savings, wants, and even emergency funds, then there shouldn't be any worry. I also, don't think that saving isn't what everyone should just be doing with their earnings as you must have time to enjoy what you earn while securing your future.

Most of the well earners that are still enjoying their adulthood don't still prioritize investment because they prefer to clubbing, drinking with friends, partying, and other easy go lucky activities, because they are thinking that they only live once, and they can afford it, they can earn it again.

They don't care about their future, the backfire of their activities that don't secure themselves in the future, no savings, no emergency funds, just flexing their salary through social medias and by treating their friends every single time.

And human desires actually always increase to something higher, more expensive, more difficult or rarer. For example, when we have the desire to buy object A, after we have object A, we will have another desire, namely wanting to have a better object, namely object B. And so on without limit.

So in this case we really have to be wise individuals in spending money. We must be able to differentiate between what we need and what we don't need. Which ones should be a priority and which ones should not be a priority?

But if we are used to buying every thing we want without considering whether it is really needed or not. So it is not easy to change our habits. It takes time and perseverance and good financial management so that we can escape from our previous bad habits in managing finances.

Human desires are of course very diverse and we will not be satisfied if we only spend our salary. If we had an income of $1 billion per year, we might spend it and we would not be able to fulfill all our desires, so the $1 billion is gone and many of our desires have not been achieved.

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.

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.