Topic: You want to improve your finances so here is the best ever advice for you - page 2. (Read 411 times)

It's always crucial to advance our knowledge and skills to beat everyone else's product in the market. Providing the best quality to buyers actually builds our business and also increase wealth. It can be any field, but the tech companies are making waves in this generation, and young people are advised to follow the train. Because other industries still rely on computational skills to help their growth.

Not a bad advise but this is something that wont really be that effective to anyone on where you do focus into you passion on doing something on which it is really that indeed suggestable but not all would really be successful into this kind of approach on which there would really be those people who do really end up on failing despite of the dedication that you do able to apply. This is where you would really be deciding on trying out to test other field on which you do know that it could really be potentially be able to make yourself having that kind of opportunity on finding to be effective on your part. You wouldnt really be able to find out until you would really be able to prove out into yourself. There are really just those people who are really that afraid on taking up some risks because they dont want failure but there are those individuals who do really test out everything and find out on whats something that will really be effective and working to them. Just like on what i have said that there's no way that you could be able to know unless you would be able to test or try it out.

If you do want to have an improve way of living then its really just that better that you do make up some plans on how you would be able to obtain it. It is really just that there are individuals who are really
that not minding about the risks that they will really be needing up to put into or sacrifices so that they will really be able to achieve something but instead they will really be that avoiding instead
on trying out to adapt and finding up ways on how things should really be done.

I remember Nike's with the first words but then adding better sounds better and makes us a better person. It's true that with the careers that we're doing right now, we have to put better output daily and we should be upgrading and continue to learn with what's with it. As for investing to the market and being a Bitcoin investor, we're already here, got some experience and we need to apply what we've learned from the good and bad experience in the market.

Don't forget to make some profit and any amount that we make from this bull run, it's either enjoy or reinvest it. Reinvesting doesn't mean that it should also be crypto related but you can invest into a new skill, courses or anything to make yourself better.

being overly contented in a single thing without looking for alternative ways of making money is not entirely the best thing to do. Sometimes, a little bit of inquisitivenes can expose you to a more easy and sustainable way of making money rather than staying stucked in your conventional way of wealth generation.

This is not to say putting in additional effort into a choosen field isn't good, it's actually good expecially for someone that's in a niche that has good potential of yielding profit if you're ready to put in additional effort. While doing that, it's also best you stay open to opportunities in different circle. The world we are living in has gone past that era of trying to avoid being jack of all trade. In this era, you've got to work on being jack of all trade and try to master and earn from as many you're able to. There's no defined way of improving finances, just keep doing what increases your finance and keep learning and improving on your financial literacy.

In other words , "knowledge and skills " are what we need to get rich or wealthy! At the moments IT knowledge and having sound skills on information technology is one of the best ways to be wealthy. Elon musk has opened so many people eyes on this and I do encouraged the young ones to really put more effort on this because technology like bitcoin and blockchain is the future and knowledge on it has already create a brighter future for you if you choose that part now.

It's a good advice. I think the problem with people these days is that they prefer to get themselves involved in multiple things without settling and mastering with one first. It's just like multitasking oneself, when you aren't even settled with just one. Even though we encourage getting more than one source of income, it's not still ideal to start distracting yourself by trying to acquire information or concentrate on other job opportunities when you haven't fully settled with one.

Op, I don't think it's if one should focus more on what works for the person which if I'm not mistaken this is the point you are trying to make but don't you think there are certain things one should look at for even though they have no idea of what it is, well everyone may not agree with you and likewise me I think there's nothing wrong with doing something and trying to figure out another way forward just to have other sources of income.
If you can multi task your and do things very well don't limit yourself to do so but if you think you are comfortable doing a particular job or skill then you should focus on improving on the skills so you keep getting better.

It takes a lot of business mental stamina to be able to withstand the urge to spend money especially when you have them in your possession and can cash them out. I can say I was one of those who had the thinking of saying that you needed to have a big business or huge capital before you can save or invest your money. It may not be true for the first thought like one saying his reasons for not saving his funds is as a result of lack of finances due to underpaying jobs but it is still valid especially the fact that we're in a difficult economic situation around the world now where inflation has eaten up the entire market.

You seriously need a good paying job or business to be able to reinvest your incomes. Small and medium businesses aren't working for the majority any longer. So when you don't carefully select and of course have the money to invest in a well established business, the risk will be too much.

This is a good post that you've made, short but precise and meaningful. It's true that someone who wants to have a better life should be focusing on the trade that they've been doing. And with the current skillset that they have, they have to cultivate that and make something out of it because the longer they do it, the better that they will be. Stop doing being a jack of all trades for the meantime if you're not yet a master of anything. You can be one of those when you're all set or if you want to do something for your life and change things on how you usually deal with.  So being a specialists on what we do is the best way to start your career of and when you're the best in what you do, you get paid the most.

"Just do it better", that is the most inspirational quotes I have ever heard in my life, lol. I mean it's obvious that we should do as good of a job as we can, that doesn't mean we are going to get rich. The good thing, we are all here now, in the bitcointalk forum, so that means we are interested in bitcoin and crypto, and if you could make some good investments, you could make some profit during this bull run.

We are on a bull run as everyone can see, which means that we should be able to make some good profit from this, and that could be something that will benefit everyone. The best part about bitcoin is that everyone can join and make money based on what they have, even if you have very little, you could still make some money. This is how things grow and get better, and we are going to reach those levels without a doubt. I think the return for something like this shouldn't be a big deal, we need to hopefully get a better result eventually.

Cryptocurrency is just an example the OP gave, the main point he is making is that we should focus on our current job as best we can and that is absolutely true. Many people are working but are not focused and do not put in their best effort to complete their main job, and they often have the mindset of looking for something that can earn more money. That is not wrong but even with the job that brings them the main income but they still cannot do well and complete that job well, then how can we ensure that they will do better than other jobs?

But it also depends on the job we are doing because if it is not a good job and not our expertise then it is not wrong for us to try to find a better job. It all depends.

Just work hard and smartly, then save and invest. If that works for others, for sure it will also work for majority of us here. Don’t rush into huge capital investment but start with a smaller one. Once your business or investment prosper and get established, then re invest again. As long as you don’t stop saving and re investing, that will definitely improve your finances and even accumulate wealth in the future.

There's no guarantee making profit from cryptocurrency, which is why experts advised to only invest what you can afford to lose, if you want your finances to get better diversify is the key never rely in one source of income especially if the one source of income you are relying is very volatile.
Its ok to invest in cryptocurrency, but look at other businesses; don't put all your eggs in one basket. This is what successful businessmen and tycoons are doing.

In a general sense, it does not always go like this. Sometimes you need to seek for something more if what you have has a prospect that is not promising after evaluation. There are some businesses that their one profit made is equivalent to many profits gathered by another business. Such businesses can do better even in harsh economic situations.

If your business or skills is something that has good prospects, focusing on improving on it to do and earn better should be the target.

Well, from what I have learned, Improvement without looking out for new opportunities and diversification creates drag in growth. The crypto investments are great, but the market is quite volatile and does not give an easy way towards wealth. Lately, it has been recorded that diversification provides stability, lessening risks due to the shifting economy where different markets face unique challenges.

You also need to keep your finger on the pulse for regulatory changes in the crypto world. More and more, governments are stepping in with new policies that will have an impact on the value of crypto assets and which platforms or assets will remain viable long-term. Whereas honing your crypto skills is good, balancing with informed diversification might be a wiser strategy.

It might be that simple but it is true actually.

Some people are way too impatient about their progress in life but sometimes you have to accept that not everything can happen in an instant but if you just focus and improve steadily, you will see results eventually. We need to make the most of what we have and not look for things we will never be able to have. Directing your focus, effort, and time to the right direction is one of the hardest things to do in life. But it is what you have to do in order to excel. Do not get overwhelmed and never lose focus. Consistency is key.

Many people have been long time talking about doing a side hustle, some were actually doing it and getting their result from it while some are not even getting anything form it because they are not doing the necessary demand needed, there are many things we can consider to know how we could achieve some targets regarding what we want to see, if only we are giving it what it takes or demands from us to succeed in life.

These are very solid advice. I also want to add that don't be upset just because you missed a train. There are many trains that haven't taken off yet. If one opportunity leaves station, there will be another one arrive soon. There are opportunities everywhere. You just need to learn how to identify them. Stock market, crypto market, commodities... There are still lots of cheap assets waiting to be bought. Read lots of books and don't be afraid to get into the water. Best experience comes from your own failures. No matter how many books you read, there are certain stuff which you can't learn unless you do it yourself.

So, you don't actually have any advice to give? "Do it better" is perhaps some of the most meaningless and unhelpful advice you've managed to come out with so far. Real advice would be something like - financial education is the most powerful tool you'll ever have to work your way up the ladder of life. Learn how credit cards work (so they work in your benefit), understand how the mortgage system works in your country because chances are you'll use it some day, avoid taking on debt if possible - the only good debt is probably a mortgage, understand how compounding works because it is one of the most powerful forces for your investment over a lifetime and get a basic grasp of how business works because it will help you from all angles.

Your English is broken so I do not fully understand all you’re saying. From the little bit I can understand, it seems what you’re saying is that we should develop ourself in a particular skill or field until we become the best at it, that way we will be able to eliminate the competition. That’s good advice but being a professional at a job doesn’t mean you’re going to be rich or that customers will prefer your services over your competitors. There are a lot more factors that affect the growth of a business.