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Topic: You don't earn money only from others, but also when you avoid spending your own - page 2. (Read 1216 times)

newbie
Activity: 39
Merit: 0
People create so many worthless fixed expenses nowadays.

50% agree with you. Following the trend or using luxury products will be worthless if you cannot generate a profit. However, you are a celeb or kol or working in the fashion industry, I think it's worth because it is a tool to help you earn more money.
hero member
Activity: 1792
Merit: 507

Well yes, if you can earn more by delegating a task, then that's a good reason to do it. If someone can do it better than you and you can pay that person something less than what you value your time, then good.
I believe we have all gone materialistic and for this we are running after money - we want to have money whatsoever is the source
Even if that is hurting someone. I know a friend who has been trapped and the scammer took a big loan on his name - now he is paying off the loan which he has never taken. I wonder what if my friend dies - will he be questioned by God about the loan he has taken?
hero member
Activity: 1764
Merit: 584
Well less expenses, more money to spend on other more worthwhile things. So yes, you can say not buying is "earning" if you actually put the saved money on something that gain value.

I don't agree so much about refusing to "third-party" tasks. As you progress you'd want to be able to delegate/outsource many tasks to leave you with more time to then use to other more important actions. Time is something worth paying for.
It all matters about management of things on which it would really be just sensible act for you to do so on dealing with something which you can see for it to be useful in longer runs rather than on dealing up with something specially with expenses and not worth kind of spending which would really be putting you out on a big trouble once emergencies and needed of funds would really be happening.
Speaking about getting different various sources whether from other work or some investment or business then it is really just a casual thing or mindset of everybody.
Doesnt matter on what form and what way as long it could give out the chance for you to earn more then thats what it counts.

Well yes, if you can earn more by delegating a task, then that's a good reason to do it. If someone can do it better than you and you can pay that person something less than what you value your time, then good.
legendary
Activity: 2674
Merit: 1208
Once a man, twice a child!
~snipped~
I do not agree with this, our desires are not always about being rich or wanting more things. Maybe smaller things could be understandable, like wanting a new playstation 5 is a great understandable logical stuff, it is not expensive, it is not a big deal, and it shouldn't change your life.
Well, even in wanting what you called "smaller" things like Playstation 5, your appetite is still not quenched. It's still searching for something. That's why it's said to be insatiable. It's not necessarily because what you want is expensive. After all, there was PlayStation 1, 2, to 4. Why not settle for the ones you had. Why buy a new one? BTW, that PlayStation you called smaller thing could be a huge project for someone else to buy. You know that? It's the same way those who buy Royce or Lamborghini may not think what they're spending on is a big deal.
legendary
Activity: 2982
Merit: 1028
I do not agree with this, our desires are not always about being rich or wanting more things. Maybe smaller things could be understandable, like wanting a new playstation 5 is a great understandable logical stuff, it is not expensive, it is not a big deal, and it shouldn't change your life.
And not all desires can always be fulfilled. I can even think that each of us has many desires both small and big, but the problem is that we often neglect the small in favor of something bigger. I had a wish that was probably cheap enough but had not been fulfilled until recently, namely an electric guitar. But other times I bought a motorcycle, while the cheaper guitar I ignored. It all depends on what you will prioritize, especially when you need it.

OP, having a stash of cash is the best way to help you have backup when you need it. We can't expect too much from other people's help, so keeping it in reserve is a good option to prevent problems. It might be good not to be too splurge, but that lust is hard to control.
Good point in terms of security. You should always have backup / savings like what you said. It's hard to ask help

when emergency comes to you, better to have savings so you don't need to bother anyone. It's more on balancing what you need
against what you just want.

Buying or consuming your money from the needs and save the spare is really an advantage. If opportunities come up, you can
use your spare money to invest or to put up your own business for more passive benefits.
legendary
Activity: 2338
Merit: 1124
It depends, I guess.

I mean if you don't have any problem financially, then I don't see anything bad on buying things you wanted since you are working to get those things as one of your dreams way back then when you don't have that much money to get the things you wanted. But if your salary is just enough to survive every day, then without money management, that's really a serious problem. Only spend money if you have a lot of extras, but not too often.

It's not bad to spoiled yourself when you worked hard but it's bad if you don't have any limitations.
having a desire in something that is not that important needs excess money and if you cannot provide for that then better forget for a while and work for that because our daily wages or earning will always be for food in the table and for our daily necessity .

but we are lucky as crypto traders because we can have a passive income while we are holding our coins.
I mean we are talking about people who do not have financial troubles. Imagine a billionaire who spends a million dollars to buy a bottle of "special" water, it's regular water actually but someone tricked that billionaire. That ain't going to hurt him, dude has billions, a million dollars for a million dollar water for once will not hurt him. This is of course a huge example, it's not like that, but if you live and you do not have a financial debt that puts you under duress and stress then you shouldn't be worried about it.

I lived all my life like that, I did whatever the hell I wanted, and if I got into trouble then I stopped and paid my debts and then when I get back to being good, I restarted to enjoy life again, and repeated that all the time.
legendary
Activity: 3080
Merit: 1126
Usually people get anxious and frenetic for new sources of income, to find new jobs, so they can maximize their patrimony as soon as possible, but many of them forget you don't accumulate wealth only when receiving money or being paid by others for a work. We can also decrease our expenses and stop third-partying tasks we can do ourselves, so at the end of a monthly cycle we will have earned more money to invest and make it grow overtime.

People create so many worthless fixed expenses nowadays. It can be monthly subscriptions of services they barely use, eating out too often, purchasing superfluous clothes, accessories and items in general just for vanity towards the society. Sometimes people have all the tools they need on their hands to finish a solid building, however, since they don't know how to use them properly, it will look like they constantly need more and more tools indefinitely.

Well less expenses, more money to spend on other more worthwhile things. So yes, you can say not buying is "earning" if you actually put the saved money on something that gain value.

I don't agree so much about refusing to "third-party" tasks. As you progress you'd want to be able to delegate/outsource many tasks to leave you with more time to then use to other more important actions. Time is something worth paying for.
It all matters about management of things on which it would really be just sensible act for you to do so on dealing with something which you can see for it to be useful in longer runs rather than on dealing up with something specially with expenses and not worth kind of spending which would really be putting you out on a big trouble once emergencies and needed of funds would really be happening.
Speaking about getting different various sources whether from other work or some investment or business then it is really just a casual thing or mindset of everybody.
Doesnt matter on what form and what way as long it could give out the chance for you to earn more then thats what it counts.
hero member
Activity: 1764
Merit: 584
Usually people get anxious and frenetic for new sources of income, to find new jobs, so they can maximize their patrimony as soon as possible, but many of them forget you don't accumulate wealth only when receiving money or being paid by others for a work. We can also decrease our expenses and stop third-partying tasks we can do ourselves, so at the end of a monthly cycle we will have earned more money to invest and make it grow overtime.

People create so many worthless fixed expenses nowadays. It can be monthly subscriptions of services they barely use, eating out too often, purchasing superfluous clothes, accessories and items in general just for vanity towards the society. Sometimes people have all the tools they need on their hands to finish a solid building, however, since they don't know how to use them properly, it will look like they constantly need more and more tools indefinitely.

Well less expenses, more money to spend on other more worthwhile things. So yes, you can say not buying is "earning" if you actually put the saved money on something that gain value.

I don't agree so much about refusing to "third-party" tasks. As you progress you'd want to be able to delegate/outsource many tasks to leave you with more time to then use to other more important actions. Time is something worth paying for.
legendary
Activity: 2590
Merit: 1178
I do not agree with this, our desires are not always about being rich or wanting more things. Maybe smaller things could be understandable, like wanting a new playstation 5 is a great understandable logical stuff, it is not expensive, it is not a big deal, and it shouldn't change your life.
And not all desires can always be fulfilled. I can even think that each of us has many desires both small and big, but the problem is that we often neglect the small in favor of something bigger. I had a wish that was probably cheap enough but had not been fulfilled until recently, namely an electric guitar. But other times I bought a motorcycle, while the cheaper guitar I ignored. It all depends on what you will prioritize, especially when you need it.

OP, having a stash of cash is the best way to help you have backup when you need it. We can't expect too much from other people's help, so keeping it in reserve is a good option to prevent problems. It might be good not to be too splurge, but that lust is hard to control.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
Man's wants are insatiable. Know it and you will understand that man's cravings for material acquisition is in his DNA. The part I don't like in life if when one can afford certain necessities but choose to deny oneself that. What's the essence of money we make if not to spend it? That part which I put in bold in OP's post I quoted above doesn't go down well with me. The reason I said so is because money can't buy leisure. One has to give oneself rest, relax and let others do the work. Paying for such services doesn't mean one is extravagant. It simply means one isn't jack of all trades.
I do not agree with this, our desires are not always about being rich or wanting more things. Maybe smaller things could be understandable, like wanting a new playstation 5 is a great understandable logical stuff, it is not expensive, it is not a big deal, and it shouldn't change your life. I could buy one today with my credit card and pay for it in 6 or 9 installments and I will be fine, wouldn't kill me, it is cheap in that regard. But I won't, because I dislike spending more than I have.

However, people who like to buy lambos or ferraris or yachts etc, is not everyone and shouldn't be considered that every person would be like that. If I ever have enough money for it, I will stop as soon as I have enough to retire and just relax at home and do what I like, instead of go out and earn more and get more stuff.
full member
Activity: 2464
Merit: 209
Eloncoin.org - Mars, here we come!
It depends, I guess.

I mean if you don't have any problem financially, then I don't see anything bad on buying things you wanted since you are working to get those things as one of your dreams way back then when you don't have that much money to get the things you wanted. But if your salary is just enough to survive every day, then without money management, that's really a serious problem. Only spend money if you have a lot of extras, but not too often.

It's not bad to spoiled yourself when you worked hard but it's bad if you don't have any limitations.
having a desire in something that is not that important needs excess money and if you cannot provide for that then better forget for a while and work for that because our daily wages or earning will always be for food in the table and for our daily necessity .

but we are lucky as crypto traders because we can have a passive income while we are holding our coins.
hero member
Activity: 2184
Merit: 718
Most people will apply wasteful because they think that tomorrow or the following year will be fine, not caring about the number of clothes in the closet, as long as the eyes see good things, they will not think long to buy, the presence of online shopping applications that provide convenience but make It's too easy to waste money.
It all depends on each individual in using money for shopping or in using money for needs that are considered important for himself.
So don't blame the presence of online applications that make it easier for everyone in terms of shopping for their life's necessities, but blame yourself for not being able to distinguish between important and unimportant needs so that everyone doesn't have to spend money on things that are not needed. Because with an application that makes it easier for everyone to shop, everyone can save time when they want to go shopping at a traditional market or the market closest to their place of residence.
sr. member
Activity: 1638
Merit: 255
It depends, I guess.

I mean if you don't have any problem financially, then I don't see anything bad on buying things you wanted since you are working to get those things as one of your dreams way back then when you don't have that much money to get the things you wanted. But if your salary is just enough to survive every day, then without money management, that's really a serious problem. Only spend money if you have a lot of extras, but not too often.

It's not bad to spoiled yourself when you worked hard but it's bad if you don't have any limitations.

Definitely, it isn't bad to buy things that we wanted as long as we have money to buy them but, OP wanted to say that we can get even better stuff in the future if we learn to save, invest and get profit from it.  Spending hard-earned money on items we want isn't bad but it is better if we can establish financial sources through our savings by avoiding unnecessary expenditures.  Saving, investing, and getting profit passively in our investment is a much better approach to having funds to buy things we dreamed of.
The quality of what we buy is very important, people have gotten used to buy cheap items that break at the first opportunity and to replace them with other cheap items.

This creates the habit of mindless consumption, which is not right, if instead you concentrate on getting the best possible item even if you have to pay more for it, not only you will spend less money on the long run, you will also create in yourself the habit of saving, which is a habit many people have lost and which is one of the reasons why they cannot ever escape the rat race.

In a bad economic situation like today, we must be wise in spending our money. Don't buy too many consumptive items just to fulfill our desires,
but we must learn to buy only what we need if we have not yet attained financial freedom. Because the rich are not only good at making money,
but they are smart in managing their finances. Therefore, if we are going to buy a product, we make sure to buy a quality one, not a cheap one.
Because like you said cheap products will eventually force us to spend more money, because cheap products will spoil quickly and we are forced
to spend money to repair it or go back to buy a new one. While quality products are usually more durable, although initially we spend a little
more money. Here we have to spend money effectively, so we have money left over from our income, that way we can save or invest and make us
rich if we manage our finances well.
hero member
Activity: 2688
Merit: 704
It depends, I guess.

I mean if you don't have any problem financially, then I don't see anything bad on buying things you wanted since you are working to get those things as one of your dreams way back then when you don't have that much money to get the things you wanted. But if your salary is just enough to survive every day, then without money management, that's really a serious problem. Only spend money if you have a lot of extras, but not too often.

It's not bad to spoiled yourself when you worked hard but it's bad if you don't have any limitations.

Definitely, it isn't bad to buy things that we wanted as long as we have money to buy them but, OP wanted to say that we can get even better stuff in the future if we learn to save, invest and get profit from it.  Spending hard-earned money on items we want isn't bad but it is better if we can establish financial sources through our savings by avoiding unnecessary expenditures.  Saving, investing, and getting profit passively in our investment is a much better approach to having funds to buy things we dreamed of.
The quality of what we buy is very important, people have gotten used to buy cheap items that break at the first opportunity and to replace them with other cheap items.

This creates the habit of mindless consumption, which is not right, if instead you concentrate on getting the best possible item even if you have to pay more for it, not only you will spend less money on the long run, you will also create in yourself the habit of saving, which is a habit many people have lost and which is one of the reasons why they cannot ever escape the rat race.
legendary
Activity: 2800
Merit: 1243
Cashback 15%
It depends, I guess.

I mean if you don't have any problem financially, then I don't see anything bad on buying things you wanted since you are working to get those things as one of your dreams way back then when you don't have that much money to get the things you wanted. But if your salary is just enough to survive every day, then without money management, that's really a serious problem. Only spend money if you have a lot of extras, but not too often.

It's not bad to spoiled yourself when you worked hard but it's bad if you don't have any limitations.

Definitely, it isn't bad to buy things that we wanted as long as we have money to buy them but, OP wanted to say that we can get even better stuff in the future if we learn to save, invest and get profit from it.  Spending hard-earned money on items we want isn't bad but it is better if we can establish financial sources through our savings by avoiding unnecessary expenditures.  Saving, investing, and getting profit passively in our investment is a much better approach to having funds to buy things we dreamed of.
legendary
Activity: 2982
Merit: 1028
Op, you made alot of sense. One thing is having money and the other is spending it judiciously. If you try to curtail the way you spend, you will understand that your little earning is alot. Personally, I saw myself exhausting my data package that lasts me for two weeks withing 5days, I asked myself what has happened to me. I became conscious of it and stopped visiting those sites or social media that doesn't generate any money for me. My data usage has normalised.

My TV channel providers charge me alot to give me dozens of channels that I do not watch. I had to send them proposal to online give me CNN, Aljezeera, Local news channel, EPL, and Champions league sports channel and I will pay for only those, they are yet to feedback.
Learning not to spend unnecessarily is a virtue.

We have the same sentiments. I've been paying rent for an apartment that I don't often visit. I've been paying bills that I wasn't even using and buying stuff that I don't need. I was a fan of designer bags but when I had trouble with my finances that's the only time that I realized that I need to cut unnecessary things to survive even if it includes the things that I want. It's all about self-discipline and self-control over being self-centered.

Learning things will give you that mindset to change up your lifestyle once you figure things out and start

saving for yourself, it will generate good flows of passive thinking. You might start to establish business or investment
to add up and bring you additional money.

It all starts with your adjustments and discipline in order for you to make some good decisions in terms of financial
needs and let go those vices that just letting you to consume your resources.
legendary
Activity: 2072
Merit: 1023
★Bitvest.io★ Play Plinko or Invest!
It depends, I guess.

I mean if you don't have any problem financially, then I don't see anything bad on buying things you wanted since you are working to get those things as one of your dreams way back then when you don't have that much money to get the things you wanted. But if your salary is just enough to survive every day, then without money management, that's really a serious problem. Only spend money if you have a lot of extras, but not too often.

It's not bad to spoiled yourself when you worked hard but it's bad if you don't have any limitations.

Sometimes those are the things that push you to try harder every day. It's really not all bad if you spend your own money and see it as a reward for yourself after your efforts. It is true that you should not spend excessively, because life is always full of surprises, and you should have any savings, in case of an emergency, you will be able to use them. I think that is something that is very important.
sr. member
Activity: 2324
Merit: 454
It depends, I guess.

I mean if you don't have any problem financially, then I don't see anything bad on buying things you wanted since you are working to get those things as one of your dreams way back then when you don't have that much money to get the things you wanted. But if your salary is just enough to survive every day, then without money management, that's really a serious problem. Only spend money if you have a lot of extras, but not too often.

It's not bad to spoiled yourself when you worked hard but it's bad if you don't have any limitations.
hero member
Activity: 2072
Merit: 603
Quote
Sometimes people have all the tools they need on their hands to finish a solid building, however, since they don't know how to use them properly, it will look like they constantly need more and more tools indefinitely.

Not just that, many times peeps have all the assets and bank balance they can have but start to loose it over the period of time due to the fact that their money is sitting around and they just keep spending it without any second thought. This is many times money coming from their fathers and they dont value it. One thing is for sure, the cycle of earning more money needs to go on and on and on, otherwise it takes no time to reduced the wealth just like that. Money comes very hard way and it takes no time while spending it.

It's always better to have multiple income streams, businesses and proper finance management to keep the growth of wealth and then spend whatever the heck we want. Smiley
hero member
Activity: 686
Merit: 527
Leo is resting.
Taking out unnecessary expenses is definitely good, but looking for additional income streams is definitely the way to go. Very early on I stopped eating out frequently because I couldn't afford it, but I love eating out so much that I forced myself to look for more income streams to be able to afford it. Life is short! Hustle hard to be able to afford the things you enjoy.

I agree with you on this but I have a few questions regarding your contribution. As we all know, there are certain places you find yourself in you can't get out easily and you will see yourself spending beyond your budget even when you are dependent on one stream of income. In a case where you don't have good information about getting more income to take care of your insatiable needs what should one do knowing that the government can't help to give you a good life?


You have inspired me to do more following your useful contributions, I believe the knowledge I seek will come faster if I continue to see more of your good contributions.
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