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For some people frugality is very difficult. because everyone's needs are different. and sometimes the cause is a balance between income and expenses. so for example when we receive a salary of $ 250 USD per month and it turns out that our expenses are $ 250 USD per month. then of course the money we receive from the salary will run out and only enough for a month.

maybe these tips only apply to some people and not to some people. because I know everyone's income is different and everyone's needs are different.

The following are tips that I usually do in saving my finances so that they are more effective and can be set aside for saving or investing.

1. Must take note and calculate our income and expenses regularly and consistently every month or week.

this is necessary in order to start saving by looking at our financial condition. and evaluate whether our spending has been done effectively or not. and measure how much we can save later.

2. Buy only what is needed, and put aside the things that are only wanted but not needed.

 so after seeing our financial income and expenditure records every month. so from here we can start analyzing what things we have bought so far that are only based on desires and the things we buy based on needs.
and from here because we want to save money then make our priority only to buy what is needed. and we reduce the things we want but don't really need.
well the result of doing the first step will be useful here.

sometimes people spend more money to buy the things they want regardless of whether they are really needed or not. and sometimes people prioritize wants over needs.

So from here we change the concept of making needs a priority. so we can reduce expenses by not buying things we don't need.
sometimes this step is the most difficult. because it requires a high level of commitment.

3. make the allocation of funds
because we already know which things are needed each month. from here it is necessary to make an allocation of funds so that the effectiveness of the money spent is more allocated.

4. Stay away from excessive lifestyle (excessive luxury) and try to live with a minimalist lifestyle. as usual you usually order fast food. well from here you try to make more of your own cooking. (this is only done by people who are not busy). because sometimes when we pay $5 dollars for a serving of ready-to-eat food for one meal. so when we spend it on fresh ingredients that we cook it can be enough for several meals. (optional)

5. Make a goal (dream to be achieved) to make yourself more motivated.

6. Start saving and investing the money earned from frugality.

7. Pamper yourself with the specified time portion.
sometimes we need entertainment and fun. so if we usually do it often, for example every week. then make it once a month. because too much frugality can also make us stressed. then entertainment is needed here. provided that the entertainment is not excessive. because if we overdo it even our money can run out overnight.

simple life but still fun.

maybe you can add tips from your experience all.

Thank You.

As a very frugal person, here are my tips.

• 1. Decide on how much you are willing to save and then automatically deduct that from your pay, or at least immediately move it to your savings. If you never see the money, you will never feel like you have to spend it.
• 2. If you don't have enough left over to pay bills, then you are living above your means, and you must cut back. That includes where you live and what you drive.
• 3. Pay off your credit cards every month. If you can't pay off your credits cards every month, then you are spending more than you make.
• 4. There are many people that get by with less money than you. If they can do it, so can you.
• 5. Stop showing off. Nobody is actually impressed or intimidated by your expensive shit.

I started at a low-paying job and saved about 10%. As my pay increased, so did my percentage. Now I am saving 30% of my pay. I don't miss it because I live like my pay is 30% less than it actually is.

This is the first mistakes that I did, started with just 1 credit card and then they grow, and obviously I pile up most of them, max out and didn't pay. Now, it's a hard lessons for me, and it's  very hard to get out of credit card debt. Luckily I took a turn, prioritized them, and never used it again except for extremes situations.

I also learn to save 10% of my monthly earning as well, put them aside and then all my bills and what's left is the money that I spend and everything. It's kinda boring routine, but hey if it is effective then you can't complain.

They'd have to go through a lot of difficulties in life before learning. Finance can be harder to manage when they already have few options and sometimes the job itself is making it more difficult. Its why some people prefer to just manage a small business like selling streetfood because its way easier and the money that comes with it is not fixed.

Best to so is to not spend more than what you have.

Also, if you have extra, try to invest it like in real-estate, jewelry, and or stocks. Find a way how to increase your money. Because if you will just let it sit for example in banks, the interest is very small. Unless, you are putting it in a time deposit or other investment options. You may not own a business, but you can invest in stocks. But before going into this, of course you should have prior knowledge before investing in any of the companies.

Frugality, making savings is literally what most do thinking that they are secure because they have money. But I tell you that there is nothing will happen and grow/multiply your money in this way, investing is the most ideal when it comes to this.
You can have your financial freedom and reach your goal in business or investing but yes, you have to face the risks which is one reason some people afraid. I'm not going to say that you have to unless you are willing to do so. Have to think about it several times before deciding.

The fifth point is especially important, many people I know fall into the trap of comparing themselves to their neighbors and often buy stuff they do not need or want just because their neighbors did it, also people need to stop buying brand stuff, luxury cars and all kind of unnecessary stuff, a regular car fulfills 99% of the needs you may have for a fraction of the cost, and the same is true for the majority of luxury goods we can find when compared to their regular counterparts.

An additional tip I got was to stop paying for monthly subscriptions if you can. Some of them aren't exactly needed or there's a better and cheaper alternative, they're more of like a premium kind of thing imo. I also constantly DCA out of my salary so I can constantly invest so as to not let my money just, well, sit there on my bank doing nothing. I'm starting to look for possible ways to invest in properties/land, kind of like a faraway thing but I'm preparing for it now.

Facts.

I see many of you talking about frugality, when increasing income is much better in my view. Then you can maintain a certain lifestyle and save more easily.

In fact, I would say that frugality comes from a poor person's mentality.

Since the creator of the thread was talking about personal finance and growth, although he then focuses on frugality, I would say that getting as high as you can in your profession, which will earn you more, considering changing profession if you see that in your current profession there are not many prospects for growth and having side hustles that give you extra income are good ways to try to earn more and not focus on frugality as much as on growth.

. . . One very important aspect these days one should be counting on - extra income sources or multiple income sources. Worlds changing fast, things are getting way costly but our salaries don’t get hiked in that proportion.

In fact the living expense which used to be let’s say $250 per month two years ago is now more than 300-350 bucks this year for sure.

Now, it’s impossible to cop up with this inflationary situation because of the same reason.

This is why it’s more of our time and multiple income sources which can sustain good life.

Invest a little money for your health as well as for your vacation because you should not only think about the possibility of getting rich in the future about your investment while your health and psychology are compromised. These two things are very important to think about because the body also needs healthy nutrition and the brain also needs relaxation which does not always have to think about money and money.

It's true to live a simple life, but you don't have to cut too much of your life just to prioritize investments. 5% to 10% of your total budget is also a good range for you to invest as long as it is consistent with it. So don't worry too much about it because life isn't just about money.

Many good tips here. Making sure that you save and invest your savings in assets is never wrong. What kind of assets could be trickier but preferably in something you have some knowledge in. Could be crypto, stocks or real estate. If you havn't read "Rich dad, poor dad" it could be a great introduction to a mindset to grow your personal economy. Very basic but still potentially helpful.

Having this kind of financial planning is a big thing, this is your big step towards financial freedom and if you are discipline enough to follow this timeline, most probably you will succeed. Honestly, this is not easy and it will be more challenging especially if you didn't practice delayed gratification. I've tried this many times and failed all the time, right now I'm still trying to get things back by first paying all my debt, and hopefully can be able to achieve financial freedom once again. Finance planning is very important, it can take you to greater highs, and a happy life.

I'm a very frugal person who has his expenses sorted out weeks before receiving my salary. I started as a dude who waits tables for a part-time job while studying for my degree. My salary is way less than you, and I am still somewhat lucky since back then I'm still living on my parents' house. The bulk of my salary goes to my tuition and school expenses, and I always have $5-$10 change on that salary and promptly kept that. I intentionally avoid going out with friends even though I wanted to and perhaps that saved me a ton of money in college.

Fast forward to now, I always keep in mind that I only have X amount of salary that I'll be receiving every paycheck, even though I actually am receiving way more than that. It stuck on me and just kept on saving and saving and ignored the temptation to spend a lot of money in one go even if I can do that. I still have my iPhone 4s in 2021 that I bought on 2013, and switched to an iPhone 11 that my workmate sold to me at a loss due to an emergency. If only the emails and the internet is working fine on that phone, I would still keep it and not buy the iPhone 11 my workmate offered me.

Mindset is also really important if you want to grow your finances. A lot of us tend to start being frugal and stop mid way when we don't see results immediately. Just keep on saving and ignore the temptation around you. It'll reward you handsomely when the time comes.

Wise investing, smart spending, and self-discipline are the keys to pursuing these tips easily. There will surely be hardships in managing our finances since temptations are everywhere but we have to get through all of them to have financial freedom in the future. As much as possible, we must allocate enough funds from our salary for investment. Through that, we'll be able to prepare for a profitable future.

Due to inflation and having changed to a relatively lower paying job, I've been struggling a little more lately. The best principle in saving, as OP suggested, is to think twice before buying something. Ask yourself if you really need it and if you're planning to actually use it.

Personally, I ask myself if I'm going to be needing it (a tool for instance) in the 6 upcoming months and if I could possibly find other alternatives in the future, providing that I end up needing it. That way, I've managed to evade some purchases, for instance in Lidl, which often sources tools and you're caught in the marketing trick of it not being always available for sale.

That is the most effective way not to run out from budget, only spend less than your income so that you can still save some of your money. Although it’s hard when starting and seems boring, but if you want to manage well your finances and save some of it, you have to sacrifice first your luxurious lifestyle as it won’t be good for yourself in the long run. After all, once you gain financial stability, living life in luxury won’t never be a problem anymore as long as you are not overspending from your own source of living.

In my opinion, the most unintended thing that you regret at the end of the month is the excessive socialization that leads to activities that make you spend more than usual, such as visiting relatives, friends or adopting a day for entertainment. You may have paid a lot without knowing why you paid that money.

Make saving a habit and not just a way to achieve some surplus money to invest or build something new. Even if you have no reason to save, save and donate.

In my country we do not get issued credit cards but here is a relatable version - Pay off your debts and stay off loan apps. They are two financial blood suckers. Hardly a person who is in debt is able to grow his finances or become financially free who is in debts. I have seen folks go broke once they received their monthly salary because they use most part of it to settle their debts. And at the end have nothing left to save. Living from hand to mouth.

Aside from the given tips, savings must be spent on investment.  We cannot grow our personal economy if we keep hold of our savings.  Savings is good because it can save us during time of financial distress but it just stops there.  And if we rely on our savings for our personal economic growth, it will take time because our savings is very limited.  Using these savings to fund our investment will hasten the growth of our personal economy because there will be another source of funds where we can take a percentage for our savings.

Saving money and investing should be more balance because it is still ok to have at least a months of savings for your expenses so when the emergency happen, you have the most liquid money to get and pay for that emergencies. Investing is really made for the purpose of making money and beating the inflation, its really advisable. Financial planning is also important, we should take financial advices and be good at it.

While these points may help you save a pennies on a dollar but in the long run you need to invest some of it . Like investing in Mutual funds, ETFs, Index funds, etc

Before you get into them, you should dedicate a good amount of time to understand what "investment" really means and only then will you be able to comprehend the associated risks. Start small but don't waste time.  Just don't think of crypto as reliable investment options in today's market :) Check out this sub too https://www.reddit.com/r/Bogleheads/

Look into various reliable funds in your country too. And buy a good health plan with life policy(IF you a plan to have kids or already have).

Good luck!

This is a good savings factor. It will engineer you to make savings available when you have goals to achieve and with the kind of goal, it will determine the amount needed to save and within the time it is needed. It is not only about saving that matters but also how long time that it took you to achieve it. Depending on the need for the savings, you can have different levels of savings and proper for the changes that will occur in your finance or challenges that it will involve.

sometimes I can't stop myself from spending money into everything I want. although I don't really need it. But the lifestyle sometimes makes me a person who is extravagant in managing finances. now i know the reason i always buy the thing i always want regardless of whether i need it or not. Turns out I didn't have a dream that I wanted to achieve. I like living aimlessly to a higher place. therefore I have always been extravagant. because I have no motivation to push me. but after reading the 5th point that is
I guess this is what I haven't thought about for a long time. this is what i'm missing. and from now on I will make dreams and goals to be achieved. so that I become motivated to save money. and I now remember that I once had a forgotten dream.

Create or do another source of income if the current salary you have isn't enough. You do the 9-5 job and then 7 onwards could be the time that you should be start working with another source of income. It's hard to look at the prices of everything right now due to the increased inflation rate and that's why one job is no longer enough. Everyone who's struggling to make ends meet has to do something such as doing another job or making a business or any side hustle.

Each need is different, there are $250 in a month or more or even less than $250, depending on lifestyle and we ourselves determine the activity.
Saving is an important thing that we must do, we can start small as long as we can be consistent every month, if there is an urgent need then we can use the savings for these needs and with several family we really have to be able to apply it to our lifestyle.
After all, investment is important for our future and our families, we invest anywhere with small or big risks depending on our ability.
So frugal is a good thing but it must be as needed.

correctly. adjustments are also needed here. and that's where it's useful to record every income and expenses we regularly. so it's easy to set the amount that can be saved to achieve the dreams you want to achieve. and how much time it will take will also be seen.


If we don't have motivation like ideals. so sometimes we forget the importance of a savings for the future. but the biggest motivation is when it comes to our family. like a father who has a child. and the father aspires to give the best for his son's future. Usually people like this always work hard and will be diligent in setting aside money to save or invest. for their future child or family. so really look for an important thing like a dream to grow motivation in yourself.

I really didn't think about the future for a moment. and I only care about what I'm currently running. maybe I forgot that sometimes life can change. and we must be prepared for any changes to come.

Financial management really needs to be done as a form of evaluating monthly expenses.

Of course, but unfortunately the fact of reducing the necessities of life is not as easy as we think. The higher the income, the more needs are waiting to be spent. This is based on my experience as the head of a family who lives in a rented house with a size of 4x6 square meters with a monthly salary of $300 (enough to pay electricity bills, water, and a little to meet daily needs).

If we don't think about the future, we will regret it, what's wrong if we only focus on today, but we are not enough to just think, it's better to take concrete actions such as investment and learn to continue to develop business so that our future can become better.

The first step for me to get my personal finances in order was to track my expenses. Only after recording every time I spend money in a month I got a feeling for my situation. Before that I didn't keep an close eye and used to withdraw money every time I needed it. A simple excel sheet helped me a lot to see where I spend most of my money and which positions I could reduce. After removing unnecessary expenses I looked at the fixed cost like insurances and food and other supplies. Just by switching insurance companies I managed to save 50 Euros per month. And I started buying at a discounter supermarket which sells larger quantities at a cheaper price. Instead of planning for the next 2-3 weeks only I look at the next 6 months now and whenever there is a special deal I buy more and have more storage at home. There are a lot of things where we can save money, even if it's only a few cents it will add up over time.

Thinking about the future is now because everything needs to be prepared more carefully and also requires a lot of time. So it's true as you said that it would not be wrong if someone starts to focus on managing his future from now on and trying to develop the business and investment that he likes. Because without taking action from now on, the results will obviously not be there, even if you think about it repeatedly every day. So it is clear that thinking without acting is futile.

The impact of social media is what makes this difficult. It's hard to resist the temptation when the people around you are living paycheck to paycheck. They just justify that they deserved it even if they do it multiple times that they don't save anything from their salaries.

For me, choosing your circle of friends can help a lot to save and have an investment for the future. If your friends have long term goal about their current finances then you will likely become successful in the future.

This is something that worked for me and some of my friends :

Use "Cash" more than "Cards" - So most Banks wants us to move away from cash, because "Cash" is expensive for them to handle... and some Banks charge their customers per transaction.

I suggested to some of my friends to go to a Bank after they were paid and then to withdraw 80% of their money (depending on each of their circumstances) and to start using "Cash" again.

When you handle and see "Cash" physically.... you actually see how much you spend on things. Go pay your clothing account with cash and "feel" how much goes towards your clothing expenses. (or rather pay with cash for that pair of shoes of say $250)

People make "easy" dept... because they just swipe a card... but once you are counting out that $500 ....it makes you think twice, before you pay for it in cash.  ;)

Yes, so many people fall for this, we call it "Keeping up with the Jones' " so many people feel
the need to match their neighbours.

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On personal finances, there are really great ideas and tips on this thread but what strikes me and
this is probably applies to a lot of people, I was never taught any of this in school? these are
important lessons and some I sadly learned after working 20 years and just after getting into BTC.
I spend the previous 20 years SPENDING instead of SAVING.

You have made some good points, with number 1 being the most important  - far too many people lack the basic concept of budgeting and understanding their personal money flow. It can be a real eye opener just to track all your income and outgoings for a month to really understand where you can cut back. I think one great thing to supplement all these points is keep striving to improve your financial knowledge, there are plenty of books out there which describe the stock market and that is a place where substantial fortunes will be made - it is just all the publicly listed businesses that you can buy a share in after all and many people are unknowingly investing in it every day in the form of their pension.

My own personal best advice has always been "no matter what you are in, always save %10 of your salary" because if you can survive with %100 of your salary, then you can survive with %90 as well. I am sure that the world is filled with people who can't survive with %100 of their salary and thats fine, in that case don't do it, or even in that case, if you fail to survive with %100, fail to do it with %90 instead if you want, but that would be risky. If you can survive however, %10 less wouldn't make you instantly poor, either you are poor already, or you won't be poor without %10 of it. So that and put that in good crypto projects and you will eventually be wealthy.

Unfortunately my wife falls that frequently as well, her friends are getting married just now, and we got married long time ago when we were pretty young. Of course all the things people buy now when getting married are more high tech, back when we were married they weren't there, now they are all buying them, so did she :D. So long story short it's a life that you gotta accept and nothing more to that.

I believe that we could keep spending money forever and live a happy life like that and it's fine, but we could also end up saving and then spending it all at once for something ore grant and we could be happy like that too, it all depends on what you want, there is no recipe to happiness.

I guess everything that is only used for personal interests and desires, end up being useless. You don't have to buy those things if your finance is not feasible enough even if you think that will bring great benefits for you. Focus on your finance growth by creating assets and not on liabilities. Only by then, when you are already doing good in building your assets or investments, your growth will show off naturally.

Some recommend using coupons and sales to cut costs. There are coupon websites on the internet offering coupons that can be printed out (or perhaps copied and pasted onto a smart phone) and redeemed in stores.

Installment buying appears to be another popular option in eras with high inflation.

Food scarcity correlates with lack of production. Everyone who has the space should start with at least 1 plant that produces food and scale upwards until demand is met.

Many issues relating to the economy are ones of dependence. In past history, when a larger proportion of the population resided upon independent farms. They were less dependent. Smaller population sizes also made society in general less dependent upon sole providers.

Stubbornness is typically a more valuable survival trait than intelligence. Most will be stubborn and refuse to change their lifestyles or the way they think about things. Despite overwhelming evidence of changes being vital to their survival. There are some issues stubbornness cannot overcome. And that is where we could run into issues.

It's a matter of life's balance as well. Although its more important to be always financially secured, that is why we have investments that will make our personal finance grow and prosper, but only made possible when done the right way. And after that, there's also a need for health and wellness, pleasure and recreation. As long as everything does not exceed with the budget, i guess everything will look profitable and healthy not only in finances, but in health and wellness as well.

health must be prioritized. because even if we become rich in the future. but if we have health problems then of course we can not enjoy wealth perfectly. so you are absolutely right. that setting aside for health and all things related to relaxation and reflection, entertainment is also necessary to maintain physical and psychological health. and save as much as you can and don't push too hard. because something that is forced will produce a mental pressure that makes life less happy. keep enjoying life and also save as much or as much as you can.

Of course, investment should not be forced if it interferes with your other needs. Welfare is not only measured by how much money you have, but of course your quality of life must also be good even if the investment is not much. The same goes for work, you should not be enslaved by work. You have to take a break because again, money is not everything in life even though life requires money.

As long as you are able to invest, regardless of the amount ^{[a little or a lot]} then do it to the best of your ability. 5% - 10% of your total income doesn't matter even if you can't always maintain consistency, because the most important thing is that you have it.

As we can put it, money is just only one of the facets how we survive on this world. But it is not the ultimate reason for living. We have other means to survive and with this in mind, we need to take care of our mental and physical health. There's nothing wrong if our savings or investments is small. As long as we are happy and contented with our own lives, that's much better than worrying too much that we don't have.

Pampering ourselves to refresh our mood is a must. and I do a kind of vacation by traveling to a place that has a beautiful view. I do that to relieve the burden that I always carry during my work. so that in the future I can return to work in a fresh state.

Adequate rest or sleep is also an important capital in building the economy. because in fact people who have enough sleep can turn out to be more productive people. and can work with maximum concentration. because the focus on work will be difficult to obtain when our bodies are tired. So a healthy body and a good mood are needed.

I set aside about 10% of my salary to save and invest. and I also save 10% for emergency expenses. and 10% for my hobby as a pleasure. and the rest to meet other basic necessities of life.

Contentment is just a thing where it cant be possible for a human being yet we do really have a never ending desire which it is normal to have that love for money and acquiring it as much as we could which i could say

that it is really just part of human nature on having these intentions in mind where accumulating money as much as we could.Even some people say that money isnt everything but the truth that you cant really make

those things possible if you arent having the money.Lets say when it comes to daily survival and other leisure things where you could really only attain if you do have the money.
Sustain is what you do need and if you do wish to have a financial freedom then you should do all sorts of things.

This step is the most difficult for me. because sometimes I can't stop myself from things that I really want but really are not the main need.

but because I'm already married then I became able to restrain myself in the end. because I have to prioritize the needs of my children and my wife. my love for family is able to conquer the ego within me.

Because now I'm also saving to make a dream house for me and my wife and children.
so I also do a record for every money that comes in and out.

I also invest in bitcoin and some altcoins.

But when we are frugal, we must not forget to still be able to share some of our wealth to people who need it more. And don't forget to always give gifts to parents who have raised us. and share happiness with others even if only a little.
because our kindness to others is also a saving of service in the future. because humans need each other and cannot live alone.

This is something that is important to emphasize, a great deal of people keep chasing wealth because they believe wealth is going to bring them the greatest amount of happiness, but they exchange their health for their wealth and that is a very bad trade, because I have seen people that have worked for all their lives and they have earned a good amount of money but now they have to spend all of that money just to try to recover the health that they have lost, so they do not get to enjoy their life anywhere near as much as those which got to keep their health.

These tips are often shared by me from economists, especially in financial management. It's just like you said that the lifestyle and needs of different people will be something that cannot be easily managed effectively. I agree with all suggestions or advice so that we can place good finances monthly with sufficient allocations. Maybe there are several principles that I often apply, one of which is that while I can still use a cheaper alternative, that's what I take.

I think the most important thing when managing finances is to have to strict in expenditure, now too much temptation for expenses, do not install online shopping applications on smartphones because unexpected things often occur, besides that we must always look for sources of income so that we can cover unexpected expenses.

that's right mate. usually people who only pursue wealth without caring about their own health. they will usually be aware when their health has been felt to decline. and that's when they'll regret doing it. may we not become so greedy for wealth that we neglect our health. because health is much more expensive. even everyone would dont want to trade their health for money. because basically everyone knows that health is much more valuable. but it is greed that has blinded their hearts so that they forget their health and prioritize wealth. This is where the need for balanced and frugal financial management is not excessive.

Yes, there's some good tips here already that I saw except from the op so make sure to take down notes in case you haven't yet, I mean if you don't save yet but you are looking forward of doing it, now can be the time and this thread here was the sign that you are looking for. Saving and investing are different things, so our savings should be separated as that will be used for important situations in the future and should not be used in investing.

Investing on the other hand is not wrong but as long as you are investing on the right assets. If you want cryptos, it's not that tricky since there is bitcoin which is known to be the popular and also the safest coin for newbies.

This is true. Dont be too focus on saving and investing money, we should also prioritize our health because everything will be futile if our health is in bad condition, it can drain our life savings. Thus work to continue earning, save, invest but on top of that is dont forget to take care of yourself. Its beneficial to get an insurance since we dont know what lies ahead.

As long as you are able to save and invest even in small portion every month I think that would be enough. We dont need to force ourselves in things that are hard for us to do. If you know that your monthly income is just enough for the expenses and you're determine to save then its time to look for other resources to have additional income.

Saving or managing finances is not an easy thing for some people, especially those who are thirsty for eyes to see what they want to buy. And this should be avoided because it is only temporary and not very useful when you are bored, and buy it if it is really useful and also needed.
and to be able to manage finances intelligently, there must be a selection of urgent needs that must be met, especially for the needs of life as a whole to live a comfortable, healthy and strong life.
and don't forget to invest and give charity, some important things I have to do are.

1. Personal and family needs.
2. even if only a little must be set aside for savings, for urgent needs.
3. Alms, this is obligatory for every 2.5% of income.
4. Investment, many uses and money works.

The tips you said here are all familiar to me and I think I heard these from someone also in a book by warren buffet and another book in the name of compound effect, regarding the second tip mostly people will say I have nothing save and invest because they will spend all the money they earn and then they will try to save everything remains from the money while this is wrong and we should first invest and save the money and then we can spend from everything remains for us, which is an important tip but unfortunately none pays attention to it.

it is always a good idea to have a diversified portfolio. Defi investment products are a good option, alongside stocks. Have you got some Defi investments?

Which money works are you referring to?

This point is often encountered among socialites who only have limited finances, often forcing themselves to appear as luxurious as possible so that they are said to be the richest people when in fact the opposite.

thank you for your tips because it keeps me motivated in saving money

Avoid making debt, prioritize paying for goods and services at once, always seeking for discounts and additional benefits from the seller for doing this.

When hiring a service or purchasing a product, don't go only for the cheapest ones, rather go for the most cost-benefit ones. It will save you a lot of money on long run, because cheap things usually break faster and don't last for too long.

Stop saving money in fiat currencies. Swap your money into cryptocurrency or invest in goods and properties. Even bottles of wine can be a good choice to cheat corrosive inflation.

In the principle of life, one does not need to take care of others with the finances they can afford. But what we often find is jealousy when other people can achieve what they want while we often pay attention to other people and comment on their every action. Living well is frugal, without showing off clearly is not easy, seeing the surrounding environment sometimes encourages us to be more in line with forcing the inability to have.

What we need to do is not comment on other people's economic life. But it's more about improving ourselves and adapting to what we have.

Avoid debts or taking up loans when its not necessary which it is indeed true that this one would really be that putting you on much bigger problems later on.Diversify as much as you could
and speaking with inflation then it would really be just a typical thing but it could really be covered up if you do have other sources of income and not just focusing on your day stable job.
You should be wise when it comes to finances on where you shouldnt waste up on where you do gonna spend and where you should really be prioritizing things.
Loan when its necessary or simply with emergencies and important stuffs but speaking about wants then it would create huge problem.

When you said investment, some people knows how to invest money in their own why. The thing we should be emphasising on is the method of investing our money to avoid anything replicate to involve. They are things i need very well that we have to understand concerning all this things we do talk and also emphasis on. From my perspective investment is things of plans and strategies, either it yield positive or negative.

But humans are unique creatures, they can force something for their passion where sometimes the risk is ignored. A person can spend 20 hours a day for working just for money, they reduce their rest hours, they continue to work just for the purpose of making money and money but in reality they have unknowingly ruined their 4 hours of sleep just for the sake of money. It is true that having a lot of money and being rich is everyone's dream, but when it interferes with a healthy lifestyle, especially regarding health, it will obviously harm yourself in the future.

Oh yes, don't forget to be grateful for all the blessings. I also forgot to say that for every sustenance we make today, there are other people's rights there that we may have to share. Believe it or not, giving something of value to people in need will multiply our sustenance, this has really been proven true.

Its good to see yourself being frugal as it gives you advantage to earn and save your money. However, the money you keep on saving the whole time will never increase and grow unlike when you take the risk and put them into investments. That way, once your investment works, your money will generate to create more money, that makes you financially secured in the long run. Now if this is your own vision to yourself, start investing now but learn to save first your capital and research so you can come up with a right choice of investment.

We can't apply these tips to average earners even if they will force themselves to have savings.

That's the reality that most people and families experience not just in third world countries but in developed countries as well. Those savings tips should be quite easy to follow if only the salary is well enough to support all expenses while still having lots of money left which can be spent on miscellaneous things.

To solve that, people should find a way how to earn money by working wisely and smart and not purely working hard. It's difficult to have that kind of working nature that's why I hope those people who are doing their best to earn money every single day will be successful someday.

I think the most important thing in financial management is to continue to increase income, no matter how smart we are in managing finances while there are so many desires and there is no alternative income, we will have a deficit or stress, it is better to focus on increasing income so that we can easily manage finances.

People made their goals but unfortunately, they didn't put a lot of effort to make their goal achieved, they want to be rich but still wasting their money for a hangout with their friends. If we can live like a year and start saving and also investing I'm pretty sure we can build our second income so we can achieve higher than before.

Many people want to be rich, but most can only be said without any clear action to achieve it. Because it must be admitted that the process of
becoming rich is not easy, the most important thing is not how we make money. Because no matter how much we earn, without saving or
investing everything will just disappear. We have often seen many celebrities who have big incomes but they forget to plan their future.
In the end, when the celebrity is no longer working, their economy is getting worse. That's the importance of managing our finances well,
even though our income is not large, we can be rich by changing our lifestyle to be more efficient and increase investment.

The more money we invest, the closer we get to being rich. I have a friend whose income as much as 80% he invests in several assets.
And my friend lives a simple life using only 20% of his income to meet his daily needs. But in 10 years my friend finally managed to become
rich, because the assets he owned increased dramatically in 10 years. This means that good money management can make us rich, that's why
we must learn how to manage our finances well.

All the financial tips that I have followed do not guarantee that financial conditions can improve, now I only focus on finding many sources of income, and the thing I can do is sell property, because the reward from selling property in my opinion is very high.

One of the things that can damage financial management in every individual is because they are accustomed to debt. like buying things with a credit card. sometimes it makes us out of control. so that financial plans often become out of control. and indeed it is better to buy something with no debt. ie by paying directly. because debt should not become a habit.

and it's true that saving fiat sometimes makes it easier for us to spend it. so it's wasteful. so it is better to save in investment either by buying property or a plot of land. which has the potential for prices to continue to increase every year.

I respect that focusing on finding many sources of income! That's important, to be active and to earn from more sides... when you are living like that you have higher chances to get lucky, in terms to find something great or starting something great on your own! Sitting at home and crying for more is a bad plan, nothing will come from that.

If you have some properties to sell that is great, it's good to buy some properties if you have money for that! We all know there's a lot of money in that, but it's hard to get in that circle!

To save money in this present economy is not easy because of how price of things are expensive now,  daily demands is taking all the income. But if one still have an opportunity to receive better income that is enough to solve daily consumption and to also save, one of the easiest way to succeed to save is to have discipline to know what is important to use money for. When spending money on necessary things and knowing savings is important,  it is easy to manage personal economy.

increase revenue certainly must be done. because we certainly want progress in everything. and included in the income. Of course we want an increase every time. so that with income that continues to increase, it is hoped that it will be easier for us to save and the amount that is saved can also be more from time to time. so that we become one step faster to achieve dreams.

If you have properties to sell, you can start from that, selling and buying or starting a business using that money to generate passive income, it is a wise decision not to stay at home and do nothing, time is very important so better to realize that you can change your life if you are keen in finding the best way to be compensated, small start can grow if you know what to do with your money.


If you are good at balancing your budget and you are aiming to save for your investment, things are still doable if you are really doing the right thing with your money. Challenges are always there, but once you manage to overcome everything, success will follow and it will be a sweet, fruitful journey for your investment.

For a long time I heard the following words, which sound something like this (maybe I already mentioned): think not about how to save money, but about how to earn money. Your post reflects exactly this concept. No matter how hard you try to save money and be frugal, if the monthly salary is $250 (as in OP's example), it is very difficult to allocate this amount to all possible and unforeseen expenses. This money simply won't be enough, even though the habits of frugality are developed. Therefore, instead of looking for ways to save on little things, it is better to focus on finding new directions and earning opportunities. But even high incomes are not a reason for extravagance and squandering. Balancing smart spending with moderate thrift is the key to growth in the personal economy.

I do agree if our monthly salary is too low, no matter how hard we try to live a simple life, our little income won't be enough because of the high price of basic needs.  We really need to get a secondary source of income to be able to do both savings and investment in a short span of time.  Of course, we still need to manage our money intelligently so that we can maximize the output of savings and investing.

There are always hard times first and even sacrifices before they learned it the hard way, that’s when financial freedom follows. However, it’s not only finances that needs to become stable and productive, but we need also to prioritize our health first before anything else. As we always heard from the people that health is wealth, so we should also invest in it and live a healthy lifestyle.

This is good advice, however people are so used to be indebted for all their lives they do not know how to function without it, at least on the US most students get student loans, so before they have even worked a single hour on their desired profession they are already indebted, then they buy a car and a house, on credit of course, and now they have sentenced themselves for decades to come, and if we add all of those things they got to have we can easily see how someone which has not even reached 30 years old can get so many debts that he can be indebted for the rest of his life.

They think that getting rich is a sudden thing, that's the problem of many people. Like you wake up one day and you have a million dollars, that's not how it happens. That's why we are seeing so many people invest into "gems" that are small cap, because they think if they throw in 100 bucks into something small, then they could make a huge profit from it when it goes up and suddenly become rich very quickly, within a few months max.

The reality is that people who get rich, end up doing that by investing into solid things that have a good increase over long period of time, such as buying bitcoin every month for 50 years, that makes you rich, not small cap stuff.

That’s bad debt, there is also good debt. If you buy something like a chair with debt, that’s not a good debt, if you buy a new blender for making food, that’s bad debt. Do not get debt for things that will not make you money, anything you purchase, if it doesn't profit you, is a bad debt. But let’s say you bought a house, paid upfront a bit, and rest is mortgage, for fairly cheap rate, and you rent that house and get paid for it. That’s a good debt.

I know people who literally survive on credit card, because use all their money to buy things that will profit them instead. That way they pay off that debt with their passive income, and use their salary to keep on building their passive income.

you're right. it all depends on the purpose we owe. if to build a business with great potential with careful planning, as well as a high success rate and minimal risk. and from there we will have a good income or profit and can pay off our debts in installments. then that's a good thing. the problem is that finding good opportunities is very difficult.

This may still be a consideration but don't take it lightly when taking a loan for business. It can still be done but the fact is that doing so cannot be said to be directly practiced easily because indeed this is a fairly risky thing and even greater risk when compared to doing business using unused personal money.
We have to think extra because on the one hand the business that we run from the proceeds of this loan cannot fail, on the other hand we also have to think about installment payments so that this will not be easy if there is no intention and basic from the beginning.

Living a frugal life is lowkey. People don't realize that when they save and live their lives the way how much they're earning, that's how life goes for the simple folks.
You don't need to be showy to the other people just to impress them. Live within your means and that's what's going to make you happy in life. No need to impress the people that surrounds you because the important thing you need to remember is to make yourself comfortable, happy and contented.

Becoming rich is not an event, it is a process, many people believe that somehow someway they are just going to wake up one day and become rich and that isn't the case, in order to become a millionaire you need to earn one million dollars more than your expenses and this is not something which can be easily done, in my opinion the most important aspect is our patience, because while becoming a millionaire overnight is impossible to do, something like this is possible over a time span of 20 or 30 years, even if you start from zero.

Our success in life is how to manage our finances well, live a frugal life we must do before we achieve financial freedom. But the sad fact is that
many people lead the wrong lifestyle, they want to show others that their life is happy by showing them the luxury items that they sometimes
buy on an installment basis. Moreover, with the existence of social media as a place to show off to impress others, such a life will only be stressful
in the end and will not provide real happiness. It's true why we waste our money just to impress other people, if in the end we will experience
financial problems due to installments of luxury goods. It's better to live frugally and focus on investing in potential assets, so that our future is
bright and in old age we can live happily.

The rate of success is hard to measure and to say.

You may have a high success rate based on your idea and thought and with the resources you have. But with the application and strategy you're doing with your business, you may fail.

The risk is there and unmeasurable when you do business and investments but that's the way to do as you try to find your purpose in that business.

This is on us, we can always find opportunities in good and bad situations.

One of the most important tips to grow personal wealth. I will note, investing is not a guaranteed way to grow personal wealth; however, long term investments and diversification will give you a high probability in a positive ROI over decades. It's important to invest and it's important to invest early. The longer your investments, the higher yields they return. Instead of spending frivously at a young age, you owe it to your future self to invest early.

Wrong mindset that most of the time lead them to be broke instead of having good savings in their banks, I see your point and I can agree to that, way back I'm also one of those people who wanted to show that I can buy things that not all can be bought, until I got my own family and realized those wrong ways of life. Now, I'm trying to save for my children's future and I also do some investment and passive business that will allow me to generate extra income aside from my salary.

There is always time to change yourself and realize that the important thing is you are able to provide the needs and not the luxuries. There's time for leisure, but for now, better to save and invest in a much better future ahead.

Great tips for saving money.
My one message, keep it up.

For some people, it's not that they can't, but they can't do it because of various considerations. Almost everyone wants tips like you mentioned can be applied in everyday life. Maybe because the income earned for one month is not enough to meet needs, let alone to save. However, if there is a will to implement it, there must be a way. From here, one more tip from me, which is to help those in need. It doesn't have to be with money.

  Thanks for the tips and strategy that you've  shared all here, even Sometimes I'm busy to my work and my family's but beside that I'm trying my best to open this site cause I felt inadequate that I can not read and learn something new for every day.

It's better to save at an early age than regret it when we get old without enough savings or investment. We can't chase and turn back time so as much as possible, we should embrace the opportunity as early as we can as a preparation for our future. It's fine to enjoy life but we should be responsible at the same time. Better suffer now than regret later.

I just want to add, only buy used goods, avoid using credit cards, maintaining health is more important than point 7.
If someone has a mediocre salary, of course it will be difficult to meet all the necessities of life, often expenses are greater than income.
but maintaining health is very important, especially those who do not have life or health insurance, everyone has a different standard of living.
post-covid everything is difficult, plus there is currently a global economic crisis, a global food crisis, everything is difficult.
we are faced with an unusual phenomenon. however, overall, the points you describe are very useful for the community.

Getting rich requires investing in the right sources whether quickly or moderate. We all aspire to get rich one day especially the average people and this is the reason why we keep looking for a way we can invest our fund and get triple of it with time. If we learn the habit of invest our little funds in something that worth investing, then we might be surprised one day that those investments might become a path to us becoming financially comfortable. The unwise would rather spend there money on things that does not worth it.
Let's keep investing for a better tomorrow!

Without a doubt this is a difficult moment to be a freelancer not only because the inflation is very high and this is affecting everyone all around the world, this is also because all businesses are trying to reduce expenses as much as possible and the ones that are the first to resent this are the freelancers, as businesses decide to downscale their operations or to postpone any big expenses until the economy recovers, so hang on as much as you can and try to reduce your expenses until things improve.

I agree with you.
Health should be the main focus. because our goal of making money is to be able to eat regularly. and pamper our bodies in order to get happiness. and one of those happiness is HEALTH. and the recent pandemic is proof that health-related factors have a huge impact on life. During a pandemic, people get sick from the virus. and that's when the economic crisis began. But from there also people become aware of the importance of maintaining health.
Always prepare savings for reserve funds and emergency funds for our health. Frugality is very good, but not to the point that our bodies become deficient in nutrients and balanced nutrition.

Saving money became a big objective for many young people over the last few years because living expenses have been growing exponentially compared to wages. In today's time it's almost impossible for a family with 2 kids to live of the salary of only one parent working. One thing is that the a lot of new constructed apartment houses become much smaller to make them affordable. A good alternative is to live in shared apartments when you are younger, or even making money of it. A good friend of mine did this in university for 3 years, he was the one who managed a house with 3 floors of student rooms for an old lady and could live like that for free. I think in total there were 9 rooms and he had to advertise all of them as soon as a student left. And he also took care of small maintenance repairs and the garden around the house for which he got paid separately. In the end he got paid for living for free, but had to spend quite a lot of time managing the whole house. In depends on how much time you are willing to put in and if you can find a landlord that is willing to do it. I don't think it's such a good idea to do this without the consent of the landlord, because when you rent out a whole house alone he might not agree with the large number of occupants there will be. It can also be that many of tenants leave at the same time and you will be stuck paying the full rent for a month or two will not making any profit.

A freelancer can always take on a little more work. I understand that when you get used to a certain order of things, it is difficult to rebuild, but if there is a need for money, and you don’t want to deny yourself the usual things, you can work more than usual. It may not be forever, it is until the situation stabilizes. There may also be such a situation that you will have to retrain for a more paid profession, this is also not easy, but difficult times will make a strong personality grow.

It depends on what investment you're talking in here. There are investments that won't generate passive income but you're only going to profit from it when its value goes up. So, the typical market that we have in crypto that we sell when it's high.

This is all about diversification and you need to choose the best that you can have because not all diversifying investments are profitable. When you do it that much, you might regret it but this strategy works to contain and minimize losses.

I think this is How to manage money, how to plan for life, and how to become rich in the future without doing anything complicated to soften the day-to-day strain on your finances. An addition from me regarding the above, one of which is the implementation of time management methods is to set personal rules and develop them. Maybe it's not a rule, but a ban on shopping or buying things that are not important and trying to avoid credit in buying something.

If someone wants to manage finances in his life, then what needs to be considered is how he manages his time in making money and also how he spends money when he already knows how much money he can make in each month. Even though what you say is also true in trying to avoid credit or loans of any kind in order to buy something that is generally not very important for him to have

I have tried various tips from financial experts on YouTube and many articles, but they only said that according to what was written in the book or they got at school, the fact is that it is very difficult to manage finances and increase income in real life. I think experience about finance is more important than hearing advice from anyone.

Could be investments engineering? Sure people need easy access to different investment products, and Defi can be one gateway for that. The problem is the ease of access to it.
The Rebus Chain https://twitter.com/RebusChain (https://twitter.com/RebusChain) is working on that front, bridging Defi and Tradfi together, to give confidence and raise trust to new investors to access the Defi space.

Even if you are not a Crypto user, or expert, now it is possible to access new and diversified portfolio Defi assets.
The Rebus Chain https://twitter.com/RebusChain (https://twitter.com/RebusChain) is making it possible by bridging Trad and Defi. Traditional investors trust assets managers and other financial institutions. Having those bridged into Defi will raise confidence on them, therefore bringing new money into the Defi space, diversifying their portfolios too.

What we need the most is contentment and satisfaction. Although its hard to see satisfaction in all things, but the fact that we get to be contented on what we can afford to have, then it will greatly help us save our finances and grow our personal economy. As much as possible, we should not focus on other people's lives as for sure they can be tempting. We should focus more on our own selves to improve and to gain personal growth which will be very essential for the growth of our own economy.

This is one of the more important points on your list and maybe something that most people don't necessarily realize when they're younger. When it comes to finances you've really got to plan for the long term and you have to understand that it requires persistence to achieve most dreams. The people who have $500k banked and are possibly able to live off dividends the rest of their life might have been putting away $2k per month for decades into their investment - it's not some trick about trying to win the lottery by buying that miracle share for $1k that leaps up in 500 times in value. It's a slow and steady commitment, not wasting money on frivolous things, to get to that end goal. That being said, the more financial risk you can take as you have a longer recovery time but it's better to work out your strategy early.

for some people this is sometimes they forget. even though the key to success is starting when we have determined a goal / dream / ideal. And when we have a dream, that's where the star line starts. and that dream is the finish. someone who does not have a dream is more likely to walk in place / monotonous. but that's for some people.

It’s definitely not an easy thing, I agree that people who studied and learned in schools or from books would have a bigger advantage over people who are trying to learn it from scratch.

Some people like me do not even have good math, if you failed at math in school back in the day, and you are 30+ years old and haven't been in school for many years and did not used math at all in your regular life outside of maybe calculating the amount you need to pay at restaurants or something, you know that it’s going to be pretty tough for you to be a good trader. Hence, the reason why I am just a long term investor who happens to buy and not really sell at all, unless I absolutely have to.

That's the problem in the current generation, too many are reliant on the opinions of other people and they're seeking validation from them. I mean nothing wrong with that if there's really need for you to be corrected but if most of your decisions in life is being connected to it, that won't make you prosper financially and mentally. You'll always find a way to be validated by the others and your happiness will only be reliant to their opinion. Don't get approval from those people if you're doing the correct thing and you're doing everything you can, the best that you can with the career or business you're having. Because when you do, you'll find and do the best decisions in life and it will help you grow and make you more mature. Decisions that will be done by you will always be based for the sake of good which includes finance.

We do all have goals and wishes in life but there are people who are just keep on dreaming but do really lacks out some action or effort and given time to at least trying out to achieve that dream thats why they do totally failed or not able to reach those things.It is really just common sense that you would really be needing to do lots of hard work and be wise on making up decisions basing up on what you are tending to achieve.
Success might not really be that an assured thing to happen but at least you had done your part on trying out to make it happen.Just dont sit and wait up for something that you are wishing because
it wont really be happening if you arent doing anything.

Either they are lacking of actions or doing their part or they are not really good at it, you must know how to do things the right way for you to able to exceed from your limits and succeed to your desire position, that's the mindset that everyone needs, try to go deeper and exceed from others to make yourself being compensated.
Correct, I agree to that, be wise and use all the resources that you can have for you to able to succeed from how you percept your future in whatever venue of investment or savings that you are working with.

Not all have that same outcome, but by doing the right thing you are extending your opportunities and by trying your best
you are also adding extra edge to your possible success.

While there is a time and place to care about the opinions of others, when it comes to improving our finances this seems like the wrong path to take, if you were to ask 100 different people about how they would go about achieving financial success you will get 100 different pieces of advice, and yet the majority of people never get to accomplish that goal, so it is better to look at the few which have done so and then try to model their behavior, this will mean going against the advice of the majority, which means you will get criticized by them, but if you want to achieve your goals this is something that must be done, and a clear example of this is bitcoin, if you told your friends and family about your investment in bitcoin the truth is the majority of them will criticize you and refuse to support you even if you showed evidence of how well you were doing thanks to it.

Person like me is very rude to the financial issues ...I don't know but I am very upset for losing so much money in a Jiffy.
However someone gave me a piece of advice - to take care of pennies and dollar will take care of you

If we want our finances to grow and we can get a better life in the future. From now on it is not enough for us to have desires and goals,
but must be accompanied by real steps. We have to take various kinds of actions that can bring us closer to our goals, in fact if we are diligent
and never give up, the opportunity to improve our economy is very wide open. So do effort according to our respective capacities and
don't be afraid of failure. Sometimes success in life requires struggle to achieve it, because hard work will produce positive results. As you said,
we will not achieve success if we just stand still, hard work to achieve our goals is very important. We must remember that most successful people
all require a process and cannot be obtained instantly. So if our goal is for our economy to grow and develop, then do something that can make
our economy grow.

Besides saving money, Maintaining the quality of sleep can also influence in improving the quality of the economy in our lives. then sleep regularly. because if you lack sleep then thoughts and inspiration will be very difficult to emerge. Even Elon Musk has revealed that sleep quality has an effect on building productivity in life.

Saving money couldn't make you financially stable, not will grow your finances, however, it gives you some security. But, having some business, multiple sources of income, you gonna sleep well and making you financially stable, and most of all, you are absolutely secured. Elon Musk did say it because he had already reached his goal and made his life even better.

And of course, changing our lifestyle really has a huge impact on our finances. We gonna have to control our spending habits, spend the money wisely and it was better if it will be acquiring assets, not liabilities.

You’ve laid out some pretty good things here and many of which I tell my clients often, especially number one here. There’s three things I tell my clients that they should do at least once a year.. 1) increase contribution amount to retirement plan 2) run a monthly budget calculation & 3) reassess your investment situation (am I too aggressive/too conservative or right on track).

You hit the mail on the head with number one though, this is simply not done nearly as often as it should be for everyone.

Sleep is lowkey. Everyone who wants to be productive, they're neglecting the importance of having quality sleep. Most productive people are sleeping around 8 hours a day because that's the normal span that we need to have for us to do our daily errands.
I have also understood the importance of it and that's making a contribution to the economy because each individual's contribution will vary based on their sleep. And it's not just Elon that has said that but the other famous people tells that they need to have that enough sleep for them to do their things.

Indeed, sometimes we forget important things and take them for granted. one of them is sleep. and also sometimes we neglect our health such as eating irregularly. but to work we need a healthy body and a strong mind. and that can be obtained from maintaining quality sleep and eating regularly of course with balanced nutrition.

I really liked your words..I am someone who had for a long period of my life never saved much. But now I am realising the importance of financial planning. I wish to make up for my past mistakes let's see if I manage to do it.i hope so, i might be. But yes now I feel Bitcoin has helped me off late and I am being able to save atleast a portion which is enough for me... Thanks Bitcoin.

Sometimes frugality is very difficult for some people to do. Because frugality is a difficult thing to get used to, especially if we are used to living extravagantly. like myself last year ago is a wasteful person. because at that time I had no dreams at all. and then I have a goal and a dream to achieve. from there I started to be motivated to be able to save and save money. but frugality must be in a healthy way and should not be excessively frugal (extreme). because after all we need to enjoy this life. and a little party is sometimes needed to boost our spirits. Focusing on goals is also the key to building a frugal personality.

The best thing to save our finance is to continue to look for alternative income, many people do everything means of savings but the results fail because many posts of expenditure that cannot be stopped, but by continuing to look for sources of income it will save our finances.

In this case there may be a point because at least by changing this lifestyle it will make a little change in yourself because indeed if we look at some successful people like Jeff Bezos, Gates and even Mark Zuckerberg always say that he sleeps for 6-8 hours every day. but on the other hand when we are faced with something real, obviously it will also be a little more difficult considering in this case there are some things that will definitely be difficult to realize especially when we are pioneering from scratch so we need extra effort and even sacrifice sleep time.

having enough sleep is very important for work life. but some of us don't have this knowledge and they think if they sleep less and work more they'll be more successful. but they don't know if the keep doing this habbit. they'll eventually loose productivity and can't give 100% to their work like they can do when they get proper sleep.
if anyone want to save their finances and grow personal economy. he should not ignore importance of good and on time sleep.

It is important to have more than one source of income, especially now that there are many platforms that we can use for that.
With inflation, I think we must also be aware of managing finances,
Limit unnecessary spending and divert it to saving

Like when we're young, we tend to think that we can work nonstop for 24-48 hours.
And I've been there and really done that but realizing how growing old needs to be taken seriously and having enough sleep is really one of the best ways to be productive in making money and doing all of your hustles.
You can't work perfectly when you lack sleep and one sign of that which I've felt is becoming quick in anger.