Bitcoin Forum

       -   You, yes, you. Are you tired? Can't make progress? Or every time you move forward, something bad always happens? Are you in a situation where you have to start from scratch again? Where does your problem start? in money? Why do you always have no money? Is it because of your responsibilities for your family or because you just don't have spending discipline? It is important that you know what the root of your problem is? Maybe the reason you are not making progress is because you spend a lot, so every time you have an emergency, you move your savings? Or sometimes you can borrow a cape. How to handle money What is real personal finance? What do you have to do to learn it? There are some things that can help you in this matter, and some of them are:

[a.] Read books related to personal finance.

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

[c.] Watch videos that can give you inspiration to become better. And mingle with people who have a positive outlook on life.

I agree with [a], and with [c] but depending on which videos. However, I disagree with b. This forum is not a good forum to learn about personal finance. There are some tips that are good but they tend to be hidden in a bunch of rubbish comments in threads on many pages.

To learn about personal finance it is better to go to a forum that specialises in the subject. A good one in Spanish would be rankia.com.

Are these problems really related to finance  ???  Finance problems happen when you have enough money but you are unable to manage it properly.

If you are unable to make progress in your current job role or business and if everything to try turns out be against you, then it is not the financial issues but rather it is something related to your skills which you are not competent at or perhaps you do not know how to run a particular business and always end up in a loss.

Most tips shared around here are related to how to secure your crypto. I don't think you'll learn how to manage your finances like how much you should allocate your money for saving and investment unless you're fine listening to some random user opinion. Just a few days ago somebody replied to a thread saying that they should never sell their Bitcoin until the price hit $150k or more. Are you sure that is a good advice? There are tons of other suggestions like this. I'd rather not use this forum as my primary source for financial learning.

a. Books related to personal finance is only work for people who're already have a stable job or have a lot money, if you only read books when your job only pay less, there's no point to reduce your daily spend or try to start investment.

b. Bitcoin is one of an asset to invest, many people can become rich without Bitcoin.

c. Inspiration and motivation can give an impact, but it's pointless if you're always watch this kind videos. Start to learn a new skill and also start minimalist life style.

It is not everyone that will have that time to read such books; some people's problems do not give them time to read books because they do not take the time to read them, and only people with financial stability could benefit from what the book is sharing.

Bitcointalk forum is a place where you can learn and relate with others to bring an end to some of your problems, I am sure it can help in solving your financial problems.

Some videos can give motivation and inspiration while watching them.

We can also include staying in our comfort zone because most of us right now are on low income or low wages, and even finding another source of income is difficult. That is why they are having problems financially because they can't find another source of income or are scared of taking risks like finding another job with a better salary or having multiple jobs because they are scared of sacrificing things. Though again, we do have our own reasons. Right now, I can't relate to having enough money and having problems on how to spend it. I always have problems because, no matter what I do, I always come up short or just enough.

This is the curse of being a middle-class person, You know what you need to do but there will always be some hurdle, restriction, catch, etc. Even if you control your spending habit to only things that are very essential still you will not solve the problem unless you make some changes in your life which gives more income than you are actually saving. If you are making a fixed income every month but due to inflation the cost of your living may be gradually increasing due to the inflation but your income such as salary will not be increased according to that, especially in developing countries.

a) Reading books related to finance may give an idea about what you can do but most of them are theoretically possible not in a realistic way for most of people.

b) Bitcointalk is a place where you can learn collectively about money but it's not really a place to get financial advice.

c) Watching inspirational videos will never change anything unless you implement it in your life.

I completely agree with a and c, but with b I'm not so sure about. For letter C, it still depends, and should be careful regarding what videos to watch and who are the proper people to surround yourself with. Lastly, the thing with b is that the forum can get pretty opinionated so unless there are sources listed then I suggest doing your own research yourself.

If we cannot progress in life, there is no point in blaming fate, instead we have to find out why we are not able to move forward, why we are prevented from moving forward and back again. The life of many people is irregular and the responsibility of the family is on many people because of all these things, maybe there is an obstacle for many people to move forward. How can we move ahead if our expenses are more than our income or if the entire family depends on you and you have to bear all the expenses of the family then it will take a long time to reach your goal. If we have a family responsibility then we must wait for a good time and be patient to fulfill that responsibility only then we can reach our goal.

I also have to admit that now compared to the time before, my finances are not stable right now, but I have a solution to every problem, the hard or the bad things will pass soon. If we continue to try harder, in the past I also had a time when I was unemployed and had to fall into difficult circumstances, and at such times I appreciate and appreciate the value of money more.

True about the life story in the current world money is very important but it should not be considered everything, as I know it is a connection, knowledge development, health, spirituality, .. and then money will come as a matter of course with the living capital that we have. I also realized that when we become balanced, we see things more clearly, so it is always necessary to keep things in balance, life has many different nuances and if we If we have not experienced it and realize it, the lesson continues to repeat itself.

How easy it is to be successful. We only need to read books and hang out on the forum, reading about such topics, so that we finally have money.
Your post, OP, looks like a motivational video from YouTube; maybe you came from there? Or have you read all the books by Brian Tracy?
All this is certainly beautiful, especially in the morning with a cup of coffee. But sitting for days on the forum and reading motivational posts will not add a penny to the wallet. In order to have money, you need to work, and it is better that there are no friends and relatives who lend a shoulder every time a person is left without money. It is at such moments that people who do not know how to build their own budget and live according to it begin to think not only with the thoughts of motivational speakers but also with their own heads.

There is a difference between having money and not being able to manage it properly, not having any at all, and always being broke and needy all the time. Those two are different issues that should be addressed differently.

For someone who always has money but always finds it difficult to manage it because they give so much concern to their wants rather than just making their needs their top priority and learn how to manage their funds properly in order not to run into some kind of financial difficulties, those kinds of people need your option (A) in order to be able to learn and upgrade on their level of financial thinking.

As for those who do not always have money, they should focus more on how to make the money they don't have rather than just always complaining without doing anything. But I think the solution to the problem is not included in any of your suggestions, as what they need is a paying job and not financial advice or any sort of stuff that will help them manage their finances.

Why are there so many personal finance questions? If you are already experiencing financial problems, you really have to learn to handle your finances. Otherwise, you won't be able to handle your finances well and everything may run out when you already have money.

I make notes about any expenses that might exist this month and write down the amount of expenses. Before I use the money, I'll take 5%-10% to my bank account as a reserve fund and take the same percentage or less to invest in Bitcoin.

And record every expense that I have made while ticking what I have done. Until the middle of the month, I still have money to continue what I haven't done. And usually, until the end of the month, I still have money left that I can use as extra for the next month.

It will be useless if you don't practice for the [a] and [c]. Every time you train, you learn to manage your finances. The longer you practice it, the more you will get used to it and know what you do to manage your finances. As for , you don't need it because this forum does not teach you how to manage your finances. What you need is practice to manage finances.

I prefer to build inspiration and motivation by reading books that contain inspirational stories in financial life. When we already have high motivation and inspiration, usually our thoughts and ideas in finance will also be open.

Furthermore, to open our minds so that we can have good financial ideas is by hanging out with successful people. Well we can get a lesson from the talk of those who have had success. We can learn from them. even they can be a good relation for our business.

And being more active in economic forums is also a good thing to do. As long as we also know the basics of economics. So that we can filter suggestions that sometimes cannot be applied to everyone.

Find a profession that will suit well on your skills because this works perfect on me. Having a nice job that pays me well while I love what I’m doing is my key to have a financial freedom.

Most of the people that have a problem on personal finance usually doesn’t get enough from their salary while their expenses is too huge to be absorbed by their income. Reading books is good but you will still need to determine what you are good at to make sure that you are studying the right topic that will boost your finance.

I think you should add find a decent job that suits to your career. You will never have a financial problem if you have a hood source of steady income.

I will always want us to deliberate precisely on other constraints affecting our financial economy which we are not giving adequate attention, some problems are personal challenges from the individuals, some lack good organizations, orientation, adaptability, resilient, foresight and other skills and technical knowledge of finding solutions where applicable in an economy and if this is not achieved as desired, it will definitely affect our finances in what we do to earn a living and meet up with demands,

Not all financial tips can work for someone's problem. Bitcointalk is a pseudonymous forum, without introducing your preferences, you can also give theoretical tips as if you were a financial expert. But how come people expect practical tips, without you knowing the level of someone's problem may be worse than you think.

There are still a lot of non-crypto related topics discussed on the forum but the opinions shared here are mostly the feelings and thoughts of each person. There are even people who have never experienced it and have no knowledge of it, but they still make silly opinions and try to justify that it is true. I still enjoy being active on this economy board as there are also quite interesting topics but to be honest, there aren't too many good tips shared here for me to learn and apply. If we want to discuss economics and finance, the forum is not the ideal place.

Often I hear motivators who claim to be on behalf of someone who has achieved more success than anyone else in financial matters. But in fact living up to the points you mentioned is not as easy as writing on paper. The reality of various people's problems cannot be summed up just by reading books and watching motivational videos. Do you just watch or read financial motivator books? but forget to face the real conditions in the environment. That is the root of the problem, always daydreaming about other people's careers and success but not developing potential that can actually be put to good use.

Focus on sweet words, even though the process that goes through between you and other people is very different. For example, you come from a rich family and then become a motivator so that other people follow the process you are going through, until whenever it will not materialize.

This is a better idea to me. Reading books on finance appears more frictional like romantic novels. In terms of finance, we need more practical solution so watching people narrate their stories themselves and showing you the practical steps they took to get out of it will encourage you to also try it out. And the other part which is to hang out with like minds can also lift you up. One thing about hanging out is it takes you away from the challenge you are going through and you can be rejuvenated with fresh ideas on how to tackle challenges.

It may be subjective, at least you need to know your income, expenses, assets and liabilities. For more details, you can read the book Cashflow Quadrant by Kiyosaki.
All you need to do is check or fix what's holding you back from managing your money well, and don't let your expenses exceed your income.
and make it a habit to record what you will buy and use it to fix which ones are important and which are not important and this is very important. And make it a priority to save even a small amount for your reserve fund, preferably if you have some left to invest.
Even though this seems natural and should be owned by everyone, in reality there are still many people who don't understand or don't care.
and read books or anything that can help you financially including watching the YouTube channel, but it has to be one that is trusted and can really help you.

For me though, even you have read all the books on how to gain financial freedom and learn a lot from this community, if you fail to execute it then there's nothing that you can do.

So it's just a matter on how you will apply the knowledge and the tips that you have read and learn from youtube videos. For example, how to get out of credit card debts, there are a lot of youtube videos about it and so if you are in this predicament then it's better to follow what's those financial experts are telling so that you can get out of it and be financially motivated in the future and then invest on cryptos.

Yeah, knowing the cause of the drain in you finances is a step to stopping that drain. People could read books about personal finances all year round and still won’t see any difference in his finances. Reading alone won’t do much but applying what you’ve understood to your own situation.
The forum mostly focuses on Bitcoin related news but also allows room for other discussions. So I think there could be better places to learn all about how to make better financial decisions.

Personally, I don’t see inspirational videos as anything that could help someone become better with finances. Hanging around people who has good realistic plans as well as better control of their finances would make more of an impact than watching inspirational videos and stuff.

[a.], [b.] , [c.]
These things I believe most of us will experience in search of loneliness, it is true that life is not always going to have difficulties appearing that make us feel tired, but what I experience, it gives an impetus to try to overcome. It would be great if there were people around to accompany and share those difficulties, but if I was alone, this would also require me to try harder, I always know my personal mistakes before finding a solution to the problem we are facing, personal finance is almost an important thing for us to develop ourselves more, so building the basics from scratch and seeing the lessons learned of everyone to contrast the journey we are experiencing.

Sometimes (a) self doesn't work if there isn't an enable environment for you to practice what you have read. (c) can work out as mingling with people with positive mind can help you to solve some financial related problems.

You have to agree, it's hard to live by a plan right now. Sudden sanctions, a sharp rise in prices, and changes in laws often make a mess of a solid plan. And needs often arise unexpectedly. Therefore, it is easier to put aside any percentage of income and try not to touch the stash.

Not exactly only when you have enough money but unable to manage it, financial problems also  encircle not having enough money yet not been able to optimally maximize that insufficient money too.
Both that man that has enough and the man that has not enough but can't manage it well are both suffering from financial problems.
Number[1]  will be more effective than the number[2] this is because those  books on solutions to finance related problems are professionally writing down,  to tack specific financial issue based on research study and experiences of scholars in the field and not some random suggestions to resolving financial problems as may arise from members in the forum which can get the person seeking for a solution to a certain financial problem get confused by the  contradictory suggestions that will be giving by different forum members.

Actually if you surf a lot in the internet those advices and tips would eventually come to your feed such as financial videos that are really helpful some are for entrepreneurial. You can learn online if you don't want to spend money on buying books or attending some meeting about financial then it's a good alternative. Cause it's really hard to manage money especially in this era where inflation keep increasing every year. If you don't have any idea on how you can budget your income, salary, essential needs and bills, for sure you won't survive.

Simple knowledge is actually powerful, do you wonder why some people could live comfortably despite that their income isn't that high? Cause they know how to manage, I myself I confess that I'm not really good at managing money so my wife helps me to it. Because I know her well when we were just a girlfriend and boyfriend, you would just wonder why she can have money like for emergencies. She's involved at money changer job so she's really good at handling money.

Op I was thinking that you have your own personal financial help to people that need it and unknown to me that you are talking about referral financial help. What of those who cannot read and write, what will you say about them?  If I will also give my suggestion on this topic. I will say, if you want to help someone to gain financial freedom, first of all, you have to ask the person what is that thing he or she like to do. Then advise the person with different books, journals and other reading materials. Then give the person a capital to kick start the business he has told you. Or you registered him to the empowerment scheme he wants to embark upon.

With that, you have helped the person financially stable and also help the society. And I am not disputing your 3 points to liberate someone from financial backwardness.

Personal finance is a very personal thing and no one can really explain about our own finances except we ourselves. Imagine we are talking with a friend about our problems and they start giving their own advice that is based on their own personal experiences. The problem in this situation is, not our friend but his experience which could have been really based on the entirely different situation in which I might be. This way I might get a lesson about what to do and what not but it may not solve the problem with 100% capacity.

The only way is to go with the books as you mentioned. The second thing we can do is have personal experiences and "expert advice". What I mean by that is, go and visit a qualified person in the finances, for example, an accountant or accounting firm, and then discuss the whole thing. Without that never put a wrong footstep anywhere.

This me right now, and despite of the challenges and problem both financially and mentally, I’m still thankful to have this forum where you can freely share your thoughts and learn at the same time. I think we will all experience financial problem at some point of our life, this is a big challenge that we should surpass in order for us to become a better person, we have to be more wiser next time.

I don't think that the section b is a good one because on this forum we give advise for Bitcoin and other important things related to everyone is not that this financial issue is not important but since is a personal something to you, you just have to share it and wait for people to give you advise on how to go with your financial situation, like if you check the forum very well you will not find any board named finance board that's because is a personal something and not general, since bitcointalk is not the best place to share your personal financial situation you should just go and visit a therapy or get a special adviser to guide you on how to progress in anything you do, the section a and c are good ones to take they might help in some critical situation like that but not all situations.

Financial problems is always going to be expected. The poor, the rich, all have this problem in common but in different dozes.
I don't think this forum does more on financial education except for the fact that it encourages us to do more with decentralized finance and invest in BTC to get better outcome.

The solution to financial problems is better solved with having a clear thought on ones life and dealings. Where one is able to pinpoint money wasting habits and get more disciplined in trying to learn and enforce new financial habits, this aspect and their life in general, improves drastically.

[d.] Have common sense
[e.] Avoid yourself in getting close with rich people or someone who do spend out like hell
[f.] Dont be envious on new trend and new things around

You wont really be that having a problem if you are really just that mindful in regarding about your finances. Always have that saving or emergency funds so that in times like this that would happen
then you wont really be that able to struggle since you have already allocated funds in regarding on the situation. It all matters with the management you do have and to those suggestions above.
Yes, its the most common one but applying it onto yourself is the toughest thing or challenging at all and wont really be that so simple. Just like been mentioned that
having your own common sense would really be that enough for you to tell whether you are still doing fine or you are already crossing the borders.

Financial problem is not something that we can get over like the without thorough thinking and working with experience people around that can help to make life easier than what it was before.

Sometimes we may not even need financial advise at the moment. What we may need is how we position our business. We don't need to establish business we people around can not afford to patronize the business. Location can help a business grow very fast and if we don't get a better place for our business, we may miss customers that are supposed to patronize our business.

I would definitely say a and c are good points to observe, because you should always be seeking knowledge if you want to increase your wealth pile. However option b is not really necessary, you might pick up some information here - like how to trade, or maybe you get into the collectibles section and work your way up as a specialty skill. However in general you're likely to make much more wealth using knowledge garnered outside of these forums. The world is a big place with many parts to it and crypto is just a tiny portion of it and it is a tiny fraction of the financial field itself, so you can learn how to make plenty of money without every interacting with it but you might keep a small bit as diversification in your portfolio.

Practicing what you're thinking to do and the advice you get is the best thing to do so that you'll become better at handling your personal finance. I see high earning people but don't know how to manage their finances and they got almost nothing left even if they're earning a lot.
The lesson there is it's not about how much you earn but how much you save. And the next thing is to manage the savings that you're able to make and put it into assets that could earn you passively or appreciate over the period of time.

financial skills will not be effective if you only learn from books without doing it right away, try slowly to set aside what is important and what is not important in your daily life, for example if you really don't need a new smartphone then don't buy it, don't be hungry and always buy what you don't really need.

Besides that, skills in money management can also be compared to learning to play the guitar or doing other things you like, the more often you hone and practice, the more proficient you will be at managing the flow of your money in and out.

I wouldn't harm anyone to learn about investing, if they already don't handle it, but listening to others isn't a silver bullet either. Sometimes life throws a curve ball and it isn't your fault that you are losing money from time to time.

Obviously in hindsight you could have shorted markets etc, but life or a timeline doesn't work in hindsight. Many times we see biographies of successful people and their whole timeline seems like a path towards the goal they achieved. However that's not how it goes in real life, people make mistakes and often change paths when they realise they have wrong approach or goals in life. The fact that even those successful people can have parts in their life when they are lost, and doubting their choices, or don't have a clue what they are supposed to do. That's just not talked about as we want to see them as good examples and adore their choices.

If a person has a problem with finances, the solution is to learn financial management.  I agree with @OP that reading books about financial management is one of the best way to equip ourselves of the knowledge of financial management.  I do not think we need to hang out with people with positive outlooks in life in order to solve the financial management problem.  Motivation is different from financial management learning.  We might need to find a mentor to teach us about financial management.

Mingling with people to have a connection especially when we have business and services to offer is also needed to establish our influence that can affect our financial inflows.

Reading a book relating to personal finance will help you alot as books are the best way to learn from others experience as many individuals that are authors of books write their life stories in books that when you read them you can learn from their mistakes and not make similar mistakes that they made and improve your finances. Reading books is very important as they teach you other perspective of life from people that have experience similar situations that you're facing.

The OP made valid points but to go further to what the OP has said, you can join physical groups and mingle with people that have overcoming similar circumstances in life through clubs that'll help you interact with this individuals to know how to handle the same issues.

Reading a book that correlates something will really be that preferable on which this means that you would eventually learn with those basic principles but doesnt mean that you could definitely apply into your condition
but its better rather than having nothing at all on reading on. I agree on some points that it isnt really that much needed if you could really that able to make use of your own common sense when it comes to financial management. If you do see that you are really just earning enough for your daily needs and some extra savings then why would really be going further on spending on things which you dont really need on buying so?
You are really that just endangering yourself on possible condition which would really lead into that unfortunate condition just because you dont already have the money for you to spend on just because of that kind of spending on something which arent really that priority.You wont really be having that problem in finances if you have just planned it well or having that good management to it. Spend on the amount which would
getting in line on how much you do earn minus the deductions of savings and emergency funds and if you do see some extra then this is where you do consider on buying things.

Books are still the way to go when it comes to financial advice, as what you can get online is awful and can get you bankrupt or in jail.

With that being said, a great deal of what you can read on those books is common sense, it is just that people do not want to apply those measures on their lives as they know that for a time their situation will turn even worse, similar to what happens when you are sick and you take the medicine to improve your health, you could feel even worse soon after taking it but after enough time passes you will feel better, however it is that period what they fear the most and what prevents them to actually try to solve their economic problems.

Learning more from reading financial management books and also about all things related to the economy is indeed very good. But sometimes we also need to exchange ideas with other people and share views regarding a problem. Sharing experiences and learning from each other is also very effective in learning.

We also have to build high motivation to push ourselves to work harder in this regard. And after that building relationships and business partners is needed in the next step.

Actually, there are a lot of options for us to learn personal finance. Now,  what Op gave as a tip about this matter is actually nice and could give some help somehow, and hanging out here in the forum platform is not 100%, but we can get some ideas in terms of personal finance. But reading books if you are a book lover is pretty much a good idea.

And also, I agreed that if you or we are surrounded by people who have positive views on life, we can adopt them as well, little by little. It depends on us how we deal with people and how to choose; just make sure these people have positive insight.

I agree with all the points. Because if you are reading books, your knowledge will improve related to finance. Also in the bitcoin talk, we can learn from the other person's experiences. Another thing is we need a positive mindset before starting any work. It will be from the YouTube videos.

Books usually inspire us and many people learn financial management by watching youtube videos. It is best to use your own skills and get advice from experienced people. Financial management skills are essential to making the right decisions for many people with personal financial problems. By maintaining accurate records, financial managers can identify trends and patterns that can help them identify opportunities or risks related to their business. A good financial manager can help people save money on their grocery, utility and other bills. People who track their spending and adjust their spending as needed are more likely to save money. And if you are a skilled and competent person, then you can improve by your work and effort and gradually your financial problems will disappear.

If anyone has a problem with their personal finances I would recommend that they follow Dave Ramsey's method. It is a simple 7 baby steps method, easy to follow and has helped a lot of people first get rid of debt and then become millionaires.

The point is that in personal finance it's not just about knowing what to do, you have to control your behavior. Someone who has a debt problem probably knows that they need to spend less and maybe try to earn more. It's another thing if he does it.

But Ramsey's method is very good, I have followed it and I can say that it has helped me a lot, being today in a good financial position that gives me a lot of peace of mind. It is not for nothing that his first book written in 1992 was entitled Financial Peace.

Many people choose to read financial books, this is indeed a very good way, but that does not mean that the other ways will not work. In my opinion, what is important is how we approach and accept it, if a person doesn't like reading books and reading books about finance will not work because he will not focus. Like me, I don't read books often but I like to watch financial videos or documentaries about economics, finance... besides getting advice from experienced forerunners will be more practical. There are many ways to solve the problem and choose the one that works best for you.

The books we read must also be chosen according to our tastes or according to the knowledge we need, it does not mean that we have to read all the books that in the end we do not apply any of the knowledge from these books to life. Because now reading doesn't have to be just books, but everyone who already knows the internet and often uses a smartphone that can connect to the internet, I think they can read at any time according to what they need to learn. So taking advantage of all the conveniences that exist now is also very important in addition to the tip given by the OP.

The environment and association also need to be looked at because it is true that each of us needs to be in an environment where the thoughts of the people around us are more in a positive direction because that is a very basic influence in life. Especially if people who think positively have more insight that we can learn to support development in our lives, this is obviously a very good thing because now not all societies have people like that. And I quite agree with this one point.

They already have a steady income at the beginning of each month with a relatively large salary but don't know how to deal with personal financial problems, maybe books related to finance will open the door for solutions for them.
By reading books, they will find advice for investing and things that can lead to how to divide the percentage for saving, the percentage for buying because I often find it in several books about personal finance arrangements.

Not blaming the situation, reading books related to finance simply does not apply to people with much lower incomes.
Going to work in the morning, in the afternoon and sometimes even going home at night depending on the time. Three children and three of them go to school. Pocket money for them depends on the high level of school. Pay bills every month. And there are many more expenses to think about.
It's hard to find time to read a book.

I very rarely find a book whose contents explain how to organize good finances for people whose finances are below. Are you serious. I rarely get it in bookstores I've visited in my area.

Op, you're right that a person should ask oneself various questions, looking for the underlying cause of issues with financial management. But I'm not sure if I agree with the solutions. If an underlying cause is related to mental health issues, a person might need therapy or something like that. If it's a stressful factor that can be reduced or removed from life, that should be a thing to focus on. Inspiration books and videos might help some people and discourage others. Bitcointalk is a nice place, but it's not really about managing personal finances.

While it is common that many are successful and gives good advice on how you have to keep up with your personal finance. I'd say someone has to go better into other forums where it's mostly focused with money matters which is commonly be seen on social media platforms. There are actual influencers that are into finance but you have to choose the better ones because many of them are there to have sales pitch at their money advises so, from there you need to be wise already.

Through books and videos is where people have shared their experiences, grass to grace stories and rags to riches stories. If anybody who is struggling with their personal finances follows the principles, precepts and guides detailed by the authors, they are bound to have an improvement in their personal finances.

You won't get any real substance about personal finance on the forum. You may get one or two insights but nothing much.

Another practical tips is to personal finance is to stop hanging around broke people. They'll influence you and your outlook on life. Rich people on the other hand, have a different perspective when it comes to how to see life. And I will sum it up in one word, possibility. For them, anything is possible. And it not because of the amount of money in their bank account but a mindset.

Well that's right, it's better when we read a little bit of some of the books but it enters the mind and we can apply it to ourselves, rather than having to read all the books but in the end it makes us confused and don't know which one to follow or apply according to what we need. Well actually now everything is easy, everything we need or need is almost available throughout social media, and it only remains that we want to do it and also apply it. Utilizing something that comes to us will be better than just sitting still without doing anything. On the other hand, it is not uncommon for us to have many desires but not take any action to improve the situation. Everyone has the same opportunities but only some of them are serious about utilizing them.

Indeed, reading books from some angle can be therapeutic for others; that's the truth. It could also give knowledge to everyone who will read it that has a lot of lessons we can get from it, like Robert Kiyosaki, John Maxwell, and more that are related to financial aspects.

Now, here in the forum, it may give some help, but this platform is more focused on giving information related to Bitcoin, cryptocurrency, trading, the economy, or something like that. But there are some communities that create a discussion regarding a financial issue, but not a pure one.

The cycle of your friends influence the decision you make in life, if you're hanging around losers or poor individuals, you'll be the next one and it doesn't matter if you're rich because you'll to start taking their kind of decision and that'll lead you to poverty. Hanging around great minds is the best thing you can do for yourself because you'll learn from how they handle life issue and make investment that gives them riches. Also they'll lead you to better opportunities in life.

This is the reason why wealthy individuals have a club that they meet and hang around, they share business ideas in this gathering and make decisions that'll keep giving them more wealth, they invest in each others businesses and as they make money they do it together.

Most of the problems that are mentioned here are personal, if one cannot control himself then it is not possible to change these problems like wasting money later on. In this case I wouldn't say all three of the suggestions you gave are bad, but I think it would be better to see a financial advisor here. Since these things are very psychologically working, it would be better to change these things accordingly.

When experiencing personal financial problems, I think we really have to think hard about how our finances remain stable. Because finance is so important to our lives. without money of course it's so difficult to buy milk, even if it's just to eat we still need money. therefore do not easily wasteful for something that is not too important.

I think one of the biggest mistakes people are making is to forget to adjust their budget according to inflation. They get below inflation increases every year and then they keep on spending at the same rate.

They also do not make provision for inflation in their savings.. so they draw too much from their savings and that quickly reduce those savings and it eats into their capital. (Always try to invest into something that gives you more than inflation)  ;)

inspiration alone is not enough. I think this is needed when we have started to try, like we are trying and it doesn't match the results we expect. it's a great condition to see inspirational videos. some inspirational videos actually make someone addicted, in the end they only hear how they get motivated without any real action they can make as a springboard to change their financial fate.

Which is why it is really that always recommended that you should really be finding out methods or ways for you to increase out your income which it isnt really that limited to the money that we are getting from our

dayjob which does simply means that getting more in via other investment or businesses on which it could really make us do able to earn more which you would really be able to fight inflation on.
This is what we should really be having in mind so that we would  really be able to survive in terms of inflation and other economic problems which would be resulting into that high increase of daily needs and necessities. If you arent that mindful then pretty sure you would really be able to felt that problem later on on upcoming years.

Having budget or having plans on how you do spend up money then it would be always be that recommended that you should really be having that planning. Spend on something which is important
and relevant and dont make yourself splurging on buying because cash or funds we do have isnt unlimited.  :P

Being responsible and disciplined is a basic need for someone who wants to solve their financial problems, to get out of the economic crush one has to think ahead and the setting must also be changed. If someone doesn't have money to start a business, then he can work part-time at someone else's place first and collect as much money as possible as capital when we are ready to build our own business. This happens in my environment and many teenagers who have graduated from high school prefer to seek experience in other people's places and they spend an average of 3 to 4 years learning to grow a business while making money.

This trend has continued until now and many of them have successfully created their own business independently, although they have had to go through a long process to reach a satisfactory end. Understanding as a person in my environment is very objective and for them continuing to study will not provide opportunities for work and vice versa it is the businessman who always employs people.

Reading books is good, but we are more familiar with practical ways of dealing with financial problems and books only provide illustrative references and not all places can apply the same method as in books. Reading books to hone knowledge is important because we will include several references as knowledge and it is much more appropriate if we have the opportunity to practice it directly.

I remember some of the words that were often said by previous people, that associating with good people will make us better, the reason is because we are in an environment that always thinks positively. Associating with people like this can encourage us to make changes and we will find their habits in doing anything, including how they increase the ability to achieve financial freedom or in other words increase finance for the better.

Reading a book, being financially literate, surfing the forum or watching videos will only give you long-term gains. If you don't have capital, knowing how to invest will not do you any good.
The economic crisis the world is in is obvious. If your salary isn't very good then you are trying to save the day. It's hard to set aside money to invest when daily expenses are so high.
Even if you lower your standard of living and don't spend luxuries, if your salary is low, you still don't have many options. Even if you want to spend a little money, you still have to spend a lot of money every day because of rising prices.
Although your suggestions may seem good, they don't have much validity in practice in real life.

I agree with you. Our lives are completely unpredictable. I wonder, do the authors of the books themselves live according to the advice they give? Personally, I doubt it. If you are a serious businessman, do you have time to write books? I doubt it. And if you have time to write books, then maybe this person only has time to write books (i.e., infotsygan)?

Well those authors in the field of business are having or releasing their books upon being known by more people for a reason that they have succeeded. Not all authors, but some really written their experiences along the way before being in such place at the present. They'd have time to write simply because they  are already successful with their lives and they no longer work for money. They would have enough time to construct and convey a message to their readers but with regards to their intention, only authors themselves would know whether they are aiming to inspire  or to just creating another business opportunity.

Most of those books are made like years ago, so some of the advices are not applicable to current situation of the economy especially the inflation. It would just give you a grief information for you to manage your funds than just impulsively spend it which can be a bad thing when an emergency happens cause you don't have any savings. Of course, if you follow the step it doesn't meant it will guarantee you financial freedom since as you said our lives are completely unpredictable. Plus our income or salary might not meet up the expectation from the given book that you can even follow it. But for sure it has a good impact to readers as they can adapt a good thinking financially once they can already apply it to their budget. Cause these tips can easily done by a middle class to upper than a lower class people due to they are having a hard time to find a money to provide their needs.

I agree that they aren't applicable right now since the economic situation right now is way different than before and quite hard to deal with compared to the previous economic situation. All of us often experience financial hardships during this inflation crisis but what is important is we know how to deal wisely with each situation. No book could help us if we don't grind harder during this crisis. If we were working hard before, we have to double or triple our hustle this time.
Always look for better opportunities to earn and never stop if you aren't saving and investing. Being contented these days won't practically bring us the financial freedom that we want.

That's why I never wanted to take any courses to get rich or manage finances. I wonder if those so-called experts, financial advisors have experienced what they are teaching us, or are they just imagining to teach us? They get rich by teaching us, but they don't apply it or have any experience with it. They get rich by writing books and selling them to us, while we still believe that if we do what the books say we will become rich. I wonder here, has anyone become rich by reading books on how to get rich?

And that's the point, to be honest, it is the difference that time brings. People should understand that most of those books were made for situations known for the time they were created, and the standings and development of the economy for the past years have definitely caused various changes that should be taken into account. Hence, some of the things written in the books are not applicable anymore. Hence, changes and revisions should be made.

We need skills and working smartly right now to earn more money or have another source of income; one job is not enough right now. That is really how hard life is right now. Just imagine that your salary right now is doubled, unlike before, but still you are having a hard time budge it. Unlike before, when you had a low salary but were still able to manage because it was cheap, foods were affordable, and right now I can't imagine that it is more expensive to cook at our house than buying a ready-cooked meal.

We all go through financial difficulties in our personnel and family lives that are challenging, and require careful planning to overcome them. The pursuit of earning ample resources to ensure a comfortable life for you and your family, demands significant efforts. However, once you succeed in achieving level of financial stability, the task of preserving it can prove even more challenging.

In summary, it necessitate wise investment decisions with careful planning, that not only yield a substantial passive income but also facilitate growth in value. By doing so, it is possible to uphold consistent state of financial stability. i

I think that spending too much is sometimes unavoidable, especially if the price of goods suddenly increases due to the problem of inflation. Just like here in the country where it is located, the price of rice suddenly increased at the same time as the price of gasoline, so that means the budget is broken immediately; almost everything has increased.

Even for me, I still really think that I need to read more books that can help me in terms of personal finance. Maybe none of us here are perfect people who can spend money without causing problems.

   

These are good tips and everybody that struggles with personal finances should try and get help. Reading books about it is a good idea, but that requires a lot of time and also can be quite expensive, these books tend not to be cheap. So instead of buying the books new, my first recommendation would be to ask your friends if they have such books and if you can borrow them. This would also be your first step to save money today and try to reduce your spending. This is basically where it all comes down to, you need to either increase your monthly income to sustain your spending habits or reduce your spending. In most cases the first approach is not that easy, we can't just ask our boss for a higher salary. Investing is the best idea, but this is going to take time to build your portfolio and get a decent return on your investment. The easiest way to get our personal finances in order is to reduce spending and try to cut back on any unnecessary purchases. Write down all the things we buy each month and split them into important purchases and unimportant ones.

Yes I agree with that. "Inspiration alone will not be enough". People are busy going here and there to take part in motivational seminars so that they have more enthusiasm and encouragement to be able to do something so that their life will be even better financially. but they forget to start it and we need to know that the best business is a business that runs, not just a plan and no action to start it.

And the best motivation is the difficulties we experience and the problems that exist within us, so the answers and solutions are the same within us.

Or in other words we have to take real action, I mean don't keep theorizing because if you only theorize without taking any action it's the same as nonsense. One thing that makes it difficult for us to act is that we will always think of losses so that it becomes a trigger for us not to take steps, or in other words "we don't want to lose". In fact, in everything we do there will always be risks.

I agree with you that our main problem is within ourselves. We must be able to recognize ourselves first if we want to get answers to the problems we face.

Inspiration is not part of the action so it is only needed to be able to arouse our enthusiasm to make actions that are more positive and different from the previous ones. Because changing your financial fortunes must be done through more actions, not through reflections on inspirational videos, even though it wouldn't be wrong to watch it if it can really inspire us to keep trying in more effective ways. So, of course it is true that inspiration alone will not be enough to change anyone's life other than there must be more appropriate action.

Those who don't start after attending seminars or watching educational videos and videos that can bring inspiration are those who still can't get rid of their laziness in life. So that the time they have spent in participating in any seminar will not give any results except just a waste and such people will never get a change in their life as long as they still like to be lazy from taking action for themselves.

Those who think too much about the risks of the actions they want to take are those who still don't have the courage to start, so their minds will always be haunted by the fear of taking action because they are still thinking about the risks that could arise. Even though they haven't tried it yet, they have already thought about the risks that may not necessarily occur, and such a person will also find it difficult to get changes in his life, let alone get success because he is always afraid of risks even though the risks have not happened.

Video are easy to watch and you can multitask while watching a video so I don't find them as the best things to do when you're having a problem with your finance and you're looking for solution or motivation. Reading books is an old way of learning and still the most effective way of learning as it takes determination to pick up a books to read from start to finish. When you're reading a book, you'll have all your attention to that book and it'll help you gain the knowledge in the book.

The most successful individuals in the world are readers because they understand the potential of great books from great authors. Everything that you're passing through in life, from your financial problem to personal problems has been written about, so just read a book.

That is a good suggestion, many people cannot control their financial flow or do not have proper financial management so that when they get into trouble they don't have the funds for it, but in my opinion, hanging out at bitcointalk is too varied and there will be many topics to meet, especially if When it comes to gambling, maybe you will spend more money but this depends, it's up to you.
You need to give the most appropriate additional points after doing points a & b is "doing it" because it's useless to read books and watch inspirational and motivational content about money management and everything related to improvement but if can't doing that in real life be wasted.

"do it"

The root of financial problems can often be multifaceted, and it is essential to identify it in order to take corrective measures, for this reason money management and discipline in spending are extremely important aspects, and it is true that proper management of personal finances can make a big difference in achieving long-term goals…Certainly Reading books related to personal finance, writing and reading about different topics here on Bitcointalk to gain knowledge and advice are good techniques to gradually build a good financial education , but the consumption of inspiring and educational content in the form of videos would not stand out much, some may be useful but the majority that I see always tend to fall into more spam than something useful, that's why I prefer the first two... Just like Also, surrounding yourself with people with a positive mindset and a constructive approach can have a significant impact on personal and financial development. I have a group of investor friends, we meet often and the exchange of ideas and experiences provides a good perspective and different advice that is good to take to improve more and more.

The key to personal finance doesn't lie in books, courses, videos or lectures. It lies with the individuals. And it is largely behavioural based.. An individual may study all on the courses in the world on personal finance and read all the books by personal financial coaches if the person doesn't change their attitude towards money and the no amount of government programs can change their financial status. Some of the behavioural and attitudinal changes that they need to do is to embrace responsibility, discard limiting beliefs, and take proactive steps for financial success.

Because we all know what we need to do. You have to budget, plan your expenses, monitor your spending, saying no that isn't in your lists. But the most difficult part is the DOING. The apply it every single day. How can you do that? You cannot find it in any books or any YouTube content. Because it is not something you can have by consuming. You will get it once you practice it. It is difficult but you still do it. It is one's responsibility to do their finances.

To be fair this has became a bit more fluid to me this year. I do have a financial problem to be fair, but also not have one at the same time. What I mean is that I might be at the worst financial situation of my life, but at the same time I realized that people are doing so badly that its not really that bad for me, I am doing fine compared to many. Do I have debt? I do, but do I have some bitcoins? I do, do people have more debt than me and doing much worse? A lot of them do. So when you consider all of that, suddenly it becomes a lot more troublesome to think about others, you feel sorry for billions around the world but you do feel better about the debt that you have.

Nowadays the point which difficults people earning money is the fact they can't promote their personal image properly through efficient marketing, mainly digitally. In every sectors, professionals making superior income and having more opportunities in the market have a very strong social network on social medias where they interact with followers in real time, grabbing their attention and interest. It's not exactly about the content, but about the image they sell to the public. That is how the market works nowadays and if you don't adapt yourself to this, I fear you are going to have a hard time raising your income.

Videos about wealth and finance are always recommended on my feed and that's the algorithm goes for these social media platforms. Honestly, most of them are just telling the same things but I like it whenever I watch almost the same content every day. It's like they're being fed to me to keep me reminded of what I must do and that I have to watch myself every time I do some unnecessary spending. That suggestion will keep us motivated when we feel demotivated or when we think that there's no way that we'll get out of the rat race.

Proper planning and budget is always that recommendable or something we should say that it should really be standard because if you wont really be able to make yourself follow with these guidelines then you would

really be finding yourself on trouble in terms of your finances. Proper budget and proper spending will really be always the key on finding yourself that financially stable and wont really be experiencing any hardship
in correlation to this.If you do find yourself that overdropped then it would really be just common sense that you would really be needing to adjust and would really be needing to budget so that you would be able to survive because if you dont then you would be finding yourself sleeping on the streets when you are really that been covered with loan or you have sold out everything for you on having to eat.
Dont make yourself come into that point because it isnt something that we do really love to experience specially if you do have a family to feed.

Aside from the limited knowledge on how to promote one's portfolio effectively, the competition is also harsh.  The high amount of applicants and limited number of offered jobs make people with less merit end up losing the opportunity and become jobless or take the job that has inferior offers.  This causes these people to have a problem with personal finance since their income is low and they have trouble looking for an additional source of income because their whole day is consumed by the job and the amount of time needed for transportation going from home to workplace and workplace to home.  This is another reason that having a job that let us work from home is very important since we will have more time for the activity to give us extra source of income.

For a moment I almost took OP for a multinational speaker or someone who was out there to sell a product. I was just waiting in the moment when OP would say, here is all your solution packed in one miracle product or project. Good thought that isn’t the case.

Still, means to finance handling is a huge problem to most, some employ the services of accountants and financial advisers while other who can’t o afford to employ one or just don’t see the need try to do them themselves and if you look at it, it’s doable.
It’s a matter of your person and how you’re able to prioritize your needs and won’t in respect to what’s the best time to go into certain acquisition of property, an investment and certain spending. Money diminishes and you’ve got to know that money not invested is practically money lost to a purpose and it ain’t coming back.
That helps you to define just how to go about your fund appropriation.

Most of the motivational content and videos about financial freedom always have the same content who's just trying to monetize their channel as well. It's actually too generic to learn something from these content creator. I think it's better to just read books about finances rather than watching those videos that the algorithm in the social media has been feeding us. Books are too specific and broad on how you improve your financial stability according to your lifestyle, income, and other stuff in line with this. Most videos in the internet always gives you suggestion to become an entrepreneur or a business man, well that's not actually a bad suggestion, but it's not for everyone actually.

You do have a point here but it is good to remember that not everyone has the same way of learning. Some people prefer seeing actual visual aids like videos and pictures to learn and understand information better, hence there are great YouTubers and content creators that share valuable information and knowledge regarding this matter. What people who rely on these content creators need to know, however, is how to assess on whether they are watching the right people or not. If they are getting something useful from watching these people or are they just being a victim for views.

Saving personal funds seems to be an easy task but in reality, it is a very difficult. Because everyone needs money. Every level of the society cannot be run without money. Sometimes for family or for personal needs or other things unexpectedly come in front of us which cannot be ignored and money has to be spent. Sometimes more than the budgeted amount thus needs to look at personal funds. But if we do something, we can get out of this situation. Saving personal funds requires a person to have a good idea of the household expenses so as not to overspend the budgeted amount. Although there are some things that do not come out. For example, someone in the family may be sick. Those things are different. Personal and family spending propensity should be reduced. Personal funds will not be affected if expenditure can be reduced.

Certainly, you have highlighted the fundamental truth in personnel finance. While resources offer valuable insights but they can sometimes overshadow the pivotal role of behavioral and attitudinal aspects in managing finance. These are the driving force behind financial success. While knowledge equips us with the tools, it is our mindset and behavioral shifts that steer our financial journey.

In essence, personnel finance is all about building a foundation of knowledge and then applying that knowledge with mindset of responsibility.

I only agree with you about reading books related to personal finance, I think the best thing to do to solve this problem is by study in legal institutions such as university or etc. inspiration that we get from other people maybe will not give good result for us, it is happen because each people has their own internal and external environments or factors that determine their position in that environment. but take other people's experience just for insight is okay.

A, B, and C are all useless as long as you don't have the intention to manage your finances well. Failure in business becomes a sweetener for businessmen, without failure they will never know true success. In taking the path to achieve financial independence, it is necessary to start with the intention, the intention to develop, the intention to be disciplined to become a responsible head of the family and other intentions for happiness in the future.

The root of the problem needs to be solved by changing the lifestyle from previously spending too much money on unnecessary things, you must be able to distinguish between what is a need and what is a want. When you can put aside desires that are not really needed, that's where you already have the intention to change financial problems to be more advanced.

That's right, actually financial problems are a matter of self-control in order to be able to control them properly. In essence, everything comes back to one's own willingness to manage money and also to the desire to make more money because of many needs.
And everyone has different ways of handling things, even though there are many theories I think it will be useless if the mindset still doesn't change and also the handling to get out of this problem is everyone in a different way, I experienced this before and only I can change it myself, not someone else.

According to me several of my friends are currently working in different private companies and I have noticed one thing that they earn less money than me monthly but even though they earn less money than me, apart from providing financial support to their families, they earn some money at the end of the month. Saves money but even though I earn more than them, I don't have enough money to spend at the end of the month. When this happened to me for a long time, I tried to fit the equation as to why I could not keep money to myself even though I was earning a lot of money. After considering all this, one thing I realized is that every month I spend a lot of extra money like eating out in restaurants, buying unnecessary clothes, etc. I am trying to cut down on these unnecessary expenses to keep the money to myself. If I can reduce these unnecessary expenses, I will definitely have enough money at the end of the month.

Yes, they're just the same but I wouldn't look disappointed by looking and watching them again and again. They're serving me like reminders for most of the time and that's helping me to keep motivated and focused on the goals that I am setting. Well, you're right that most of what they're saying are generic and it's like all recycled ideas and tips for those that have known what they're saying. But to those that are new to the financial education, they can extract those and just keep themselves reminded that it's going to be helpful if they start thinking of how they're going to be well in finance. That's why just take those free contents, read or watch them and if there are something else which are better then it's best to take them.

Of course it all depends on our own efforts, if we really don't want to change, no matter how many books we read, how many videos we watch, nothing will change.  but for us to have more positive thoughts, more determination, it is also necessary to read books or seek advice from others.  It is not the main catalyst, but it will also have a powerful effect on our thinking. So I don't think what OP said is useless, they are still useful to a certain extent.

Well and that is the beginning of a development, applying management in any case it will have a good impact especially for our own lives. In business matters it is very important and it is necessary for us to be able to manage or organize everything so that it can go according to plan. True, and in my opinion there is no success without failure. Basically a failure has an important role in a process, because that's the only thing we will take to be used as reference material, and we will be able to learn from it so that these mistakes do not happen again in the future. But well like you said, according to the fact that it depends on their intentions and themselves, sometimes like there are some of them who give up when they get a failure and they will stop at that position.
So in addition to strong intentions, they must also have a strong mentality, because there may be many other trials to come.

Well, I've also said before, that lifestyle will always be someone's problem in life, like those who overemphasize prestige even though they don't have the ability for it, but many factors make them have an excessive mindset in life such as a luxurious environment perhaps. And it's true, sometimes it's hard to differentiate between wants and needs, like some consider it a need when it's just a desire to fulfill prestige or lifestyle.  Frugality is the main solution here and then it is better to save some of the budget we have. Because there will be times when we need money very urgently someday, so it will be useful to minimize.

I actually prefer the logical things that you say, because in fact it is also very clear that everyone has their own internal and external environment so that the level of influence and inspiration they get will also vary from person to person. And for the option of studying at institutions such as certain universities it can also be very good because there is also a lot of knowledge that can be obtained so that everyone can put it into practice in life after they finish there.

Because knowledge and any thing will become more useful and complete when it is used in life or practiced in work that is in line with it. We can find this in some people who have been successful in this world where they consistently carry out practices or actions after they gain knowledge and inspiration from other people or from certain university institutions. So every knowledge and experience will be very valuable when it is carried out correctly, but if it is still stored in the contents of one's head, it will still be useless because it will never produce any results in life.

A person's social environment actually has a very vital role in all aspects of life. Especially in terms of financial life. Because our mindset can even be formed according to the social environment we enter.

Have social friends who are proficient in managing finances and proficient in building a business. It will also affect our mindset in managing finances and building a business. And if we have friends who are rich, then unconsciously we will also be motivated to be rich someday.

Sometimes we need to study the perspectives and mindsets of rich people so that we can also make lessons in our financial life. But remember all we have to learn is his mindset in building wealth. But when it comes to buying luxury goods, we should not imitate them. Because they actually buy luxury goods sometimes also for business purposes. Like building relationships with richer people. Sometimes an elegant appearance is also needed in building relationships in business. it is for this reason that rich people look very elegant and classy. Because if they are relaxed and have no business needs then they tend to look simple. Even their appearance is sometimes the same as lower class people when they are relaxed.

The environment can influence us, but you also have the right to choose this environment. If you hang out with people who invite you to drink beer every night, then this is not the kind of environment that will allow you to become better.

Books once helped me, it was thanks to books that I was able to understand that the environment, can influence us, in the end I was convinced that this is true. In addition, I myself learned to handle finances, and books helped me again in this, I chose the rules that were clear to me and applied them to myself. Everything seems simple, but here the secret is not some kind of complexity, but discipline, if you want to succeed, then you need to be consistent. If you plan your day, month, then this will allow you to understand what steps you need to take in order to achieve your goal. The same with money, you will learn to earn more and save, which will allow you to create some kind of capital. Everything depends only on us.

Financial problems are the same as life problems because it is undeniable that in this life only financial problems often arise, I think this is a natural and very common thing because almost all of us have experienced it and to solve it there is nothing other than us working hard .

The more we earn, the more we spend, it's not just anyone who has experienced this, I have and I'm sure many other people have experienced this, it is included in our lifestyle or we are too fulfilling desires for these insignificant desires, somehow when we have a lot of income there will be a thought that we will enjoy it in a different way and spend that money, this is a problem in my opinion and needs to be addressed so that we can minimize spending and savings which will have a positive impact on our finances in the future.
there is nothing else but for us to realize and stop following excessive lifestyles and try to live by our own standards.

I bet to disagree with your second tip. Just because this bitcointalk forum is a good avenue for learning then you’ll expect that you can gain valuable tips here on how to manage your personal finances. Crypto particularly bitcoin is the focus of this forum that’s why everything about bitcoin is open for discussion. However, when you think about personal finance, maybe you can read books about personal finances and its management, and I don’t think staying in the forum will be a great help. Also, watching relevant videos about personal finance can also help as it can be a good guide on how to deal with your financial problems and finding reliable solutions based on real life experiences.

For the choices you convey, I like 2 points, namely Adan B. If I sort them before entering, At least the Bitcoin Forum must be prepared and what needs to be learned is point A and point A is one of the tips that is highly recommended to enter not only in BTT forums but also for others. Yes. You are right, at least we don't walk with a blank and empty look again in starting this investment journey in the Crypto World.

This is a great list. I would also like to add that one of the best way to learn about handling personal finances is to have a talk with a person who also experience the same thing as you do. As what people say, experience is the best teacher. Because you can easily say that you have to do this or that, but it's more influential if you actually have a conversation with someone who is experienced and have a broad knowledge when it comes to finances. And I believe that is the time that you will actually learn.

Sometimes those inspiration videos kinda give you away from the reality and that might even hurt you in the long-run. It's like those Dhar Mann videos where some people might think that you just have to do "good" to be successful, but they don't realize that it isn't really everything.

I disagree that this forum might help all people though, it could be fun for just reading around but people encounter different problem and with that, different solution also applies. Some people just don't need every single financial advise out there and it could be just simply stepping away from the computer and walking around the city and simply escaping reality temporarily before attempting to face that financial problem once more.

Yes, you’re right; it is very hard to come across a topic like this that will indicate how to deal with your personal finances. 97 percent of the discussion taking place on the forum is all about crypto currency, especially bitcoin; other discussions are all related to other things in real life. The discussion that you can see people discussing here will be based on Pherm things out there. When you see a discussion here and there talking about what you think at the end, you will see people discussing something different from what the topic is talking about because of the different opinions that have been mentioned on the thread. So I will also suggest you try the website that @den Pedro Dinero gives you; maybe it will suit you and you will get what you want from there.

d- You don't have to go the way everyone else is going. Make your own path.

The fact that others follow these points and are successful is no guarantee that you will be successful too. While doing all this, do not forget that luck is also important.

I didn't see anything in the articles about the need to be original and I wanted to add it. So we don't always have to imitate something. We can be original and achieve success. I am not saying that the articles are wrong, but I think it would be better for everyone to write their own articles according to their living conditions and act original. Not everyone lives in the same conditions. Write and obtain your own articles on your own terms.

Family responsibility is o e of the major thing that drag man backward financially if the man income is not enough to settle the bills. And that why it is good for someone to find money very and store them very when he is still young at his youth days and single. So that when he finally got married the burdens will not weigh his finance down again. Op you said well, knowing the grassroot of the problem is the number one thing to do so the problem can be solved very fast but to know the problem first is very difficult.

Yes reading financial books help in the economic lifestyle of a person. But Bitcointalk forum is not a financial break through platform or where one can come and received financial guardian and counseling but it is a platform for discussion the development of bitcoin and other related cryptocurrency issues. Though all the scholars in the world are in the forum so if you bring out some questions that bothering you in your life and you need solution to it and you present it here, people must come out and tell you want to do. Yes watching videos can navigate your thinking at the moment to something else. And also will motivate you to face challenges of life.

Indeed, you'll find a myriad of posts shared by friends here, encompassing the realm of finance. However, this forum is primarily tailored to the domain of cryptocurrencies. When it comes to resolving financial quandaries, you're likely to encounter a deluge of input, leaving you in a perplexing quandary over which advice to heed.

Consider seeking counsel from a certified financial advisor; at the very least, their guidance tends to be more directed and substantiated, offering robust rationales for enhancing your financial standing.

Well everyone has different things and knowledge they can learn here and him stating that the forum can help him improve his financial life is left for him but I do agree on the vastness of possible things one can learn here in the forum and remember it's called a community for a reason as in a place where people interact and discuss several issues although bitcoin is the prime but even bitcoin itself is a currency so it's still fall in-line.

We cannot overlooked the advantages that comes together with being a member of this noble community, though the aim is not on other related discussion the reason why this community was created but other aspects aside bitcoin discussions were added to enable one have a perfect life experience to balance up his entire digital experience with more positive advantages, this brings about having a number of boards we can easily discus on, people can advise as appropriately needed even though they know that here is not a financial advisory platform.

This is why reading up on a forum or community like this would be always that a good thing or idea on which you could really be able to make yourself be aware and wary on how things should really be dealt with.
Having the awareness and knowledge which despite on being a first timer or a noob then you do have at least the idea on how things should really be taken or able to engage on just because you had able to read up

others life experiences on things on which this could really be an advantage on your part just because you are really that have that kind of awareness on things that should be taken or act accordingly basing up on the conditions or situation that you are into. Somehow, there are people who do easily forgot or doesnt really care on what they had read up earlier but rather they would be sticking into their own principles or things that they do believe or having in mind on that particular moment or situation.

You wont really be able to experience hardship if you are really that that wary about on whats good and whats bad. Always set those limitations and border line on how much you should really be able to spend
on a particular thing and you should be able to distinguish between sufficient or already that lavish or becoming that impulsive already.

I think misconception to this view comes in with one having to view bitcoin for an asset rather than a currency as well. Yeah, with the used case been a rarely occurring event and the few who try it keh en opportune only proceeds based on marking the event rather than an everyday transacting and a few who transacts because, it’s an only option for the at the time.

Still, we have to understand that the digitalized currency is an undeniable aspect to finance in our current times and learning management of it as well would aid both your approach to managing fiat, cryptocurrency and how you handle your asset or make investment choices.

The relevance of book to the study is there but then, there exist a relativism between cryptocurrency and finance or finance management.

Just generally take every post, opinion, and advice with a grain of salt. It is up to each of us on how much we are going to take each of those things into consideration and apply it to our daily life and decisions. You have to be able to analyze it on your own and see for yourself if it will be a good thing to follow their opinions and suggestions or not. Essentially, it is just basically the common application we do in surfing the internet, be open-minded but also smart.

There are financial conditions you can find yourself in that's doesn't need you reading books on personal finance management or watching of inspirational videos. They are beyond the normal circumstance of those procedures to solving it, and these are problems that needs you to go the extra miles in breaking it, more like advancing to the supernatural level to get solutions to the root cause.

Moving forward, some persons out of the feeling of comfort they careless of doing the uncomfortable, their comfortable zone they find themselves with every little of what they get they are comfortable with it and that mentality has killed their foresight to see beyond their comfortable zone as their cage holding them from achieving greater financial freedom and without they clear picture they've to just settle for the less. In otherwords, they are frightened by risk taken feat or exploit and see no need in even giving a try.

I agree with what you say. talk about risk, the risk of being afraid for everyone who wants to start a business, but if we never take real action then everything we learn will be in vain. And I quote the words of a Muslim leader (Ali Bin Abi Talib R.A) "It's not the difficulties that make us afraid, but the fear that makes us difficult". Therefore, we don't just stay silent and do nothing, but keep moving forward and keep trying everything we think and plan, there is always a risk in everything. But if you don't take that risk, there will be no progress in you.
And be a player in life, ignore everything they say and the insults they accuse and the funny thing is they always buy tickets to watch the game.

Family responsibility is tough, very tough, especially when you're the breadwinner. You've got bills to pay, mouths to feed, but family? It's the best. It's fantastic. It's unparalleled

Storing money when young is essential. But, it's not just about storing; it's about growing. It's not rocket science. Take your money, invest wisely, and ensure your family is always taken care of. The essence is to be smart with your finances

Regarding Bitcointalk, I've always said it's a goldmine for discussing cryptocurrency and its development. However, if you need financial guidance, look elsewhere. Yet, you're onto something - the scholars here are some of the best. Even if it's not about finance, you've got a wealth of knowledge here

Books? Videos? They're good, but remember, success is about execution. Talk is cheap. So, gear up, tackle challenges head-on, and ensure your family remains on top

Well, I guess for us not to miss the spectacular comments and tips is the reason why Op asked us to spend, that is to hang out frequently on this forum.

I agree with you completely though, even though a lot can be learnt on this forum, I don't think personal finance is one of those, like for example, in terms of cryptocurrency, like investing and trading, gambling and other cryptocurrency related stuffs, this forum can indeed be a good place to learn about those, but when it comes to personal finance, how to become better at spending and saving and everything related,  there are better places to look out for such, even though I don't have a list at the moment.

Maybe OP means the other discussion here that deals with financial matters. Although most of the things that are discussed here on the platform are not purely financial, Bitcoin and crypto information are usually discussed here. Maybe that's why there are only a few, but it's still better to read books that are really related to finance in terms of personal behavior. And it's true that I also agree with other content on YouTube that is also related to finance.

for point (a), we can increase our knowledge about how to develop the money we have, such as investing, or choosing real estate, to increase the value of the money we have in a certain time. Reading books is important to get this information so you can be free from financial problems.
For point (b) this only applies to people who focus on crypto investment, especially on new and old projects. quite a lot of information about new investments from altcoins, as well as places to trade, staking and others. it will be useful if you really want to face your financial problems by making use of crypto.
And for the last one, namely point (c), getting inspiration from people who have been successful can raise our spirits, and we can get strategies, experiences, important things from these people. This point is the point I do most often.
However, if we face financial problems, then we need to deal with them with action. even with good information, without action, it is impossible to do. try to learn while doing it, because by doing it, if you don't succeed, at least you will gain experience and improve the skills you have in dealing with financial problems.

Financial problems can be overcome by managing financial management, need to balance expenses with income and set aside desires that can absorb excessive spending. managing finances needs to be done to avoid financial problems, you must be able to control yourself to buy something that can drain larger expenses in order to achieve financial goals. You have to find a solution to make progress in business by increasing skills in the business you are starting. Find out where the mistake lies, then you can fix it slowly in order to achieve the goal of getting out of financial problems.

Well, partially, you are right, but one of the proven ways to become financially independent is through having multiple streams of income.

Having just one income source is very bad because the chances that your expenses will be way more than the profit you are generating from that source is very high, so this is why we need to have multiple streams of income, which in turn, means more profit for us to cater for all our expenses,  but then again, having multiple streams of income is not a reason to go spending on useless things, just as you have said, we still have to monitor our expenses and make sure only the important things are attended to based on their priority..

And this is not to say that it is bad to get away with the family from time to time, what then, it's very important to make proper preparation for such expenditures, so that it won't lead to financial burden on us.

We have seen too much discussion of financial issues to date and in the forums there have also been quite a few topics discussing these issues before. Financial problems are still a kind of mystery to some people because of various conditions that affect and in addition to that the economic conditions of a country or the world are not in a good position. There are many theories, ways to solve financial problems or advice to increase sources of income that we read in books and watch in several videos. My question is whether all of that can be applied equally to all people?

I made a little study on this issue after the impact of the recession occurred which resulted in people not being able to leave their homes during Covid-19 and from several sources that I got there were no opportunities for people to make money. Maybe if we discuss there are many pages that we need to write in detail the existing problems, but I try to summarize at the level of someone's ability to make money, then we will get the solution if people can make money by working anywhere or with whatever method they can do. It's that simple but unfortunately difficult to implement in practice?

Create a budget to track income and expenses. Prioritise essential costs like housing, food & bills. Save for emergencies & future goals. Cut unnecessary expenses & avoid impulse buying. If debts are overwhelming, try consolidating them or seeking professional help. Remember it's okay to ask for financial advice.

You simply need to live within your means. Because most people that are having personal problem with their finance are spending more than what they're earning.

Before spending huge amounts, you need to think of it so many times if you really need it. If you don't need it, much better not to avail it and if it is just categorized as your wants and not your needs. In these times, when almost everything is soaring, we have to be the wisest person in the world and be critical and active with our spending habits.

The most important thing is to avoid unnecessary expenses. People need to consider whether they really need it before they spend. If they make it a habit, they will see the benefits. As you said, those who cannot create their own plans should get help. This is very popular nowadays. Professional help can save you from many negative situations.

We must constantly improve ourselves in personal finance. Just as our needs never end, neither should our efforts to improve ourselves.

Always set first your priorities and on the time that everything is piled up well and have done accordingly then this is the time that you would consider on buying those other things or simply with those wants that you do have in mind. People do usually commit out mistakes on the time that they are really that spending that much when it comes to these things on which its a must thing that to be avoided if you do have plans on saving up for the future or for savings for emergencies.It is really just that right that you should really be that mindful about your spending and dont think or having the behavior of one day millionaire because if you have done this then
for sure you would be suffering from financial problems later on on the time that you do see your money had already deplete out. This is why it would really be that important that you should really be that mindful
and be wise in regarding on your spending and budget which dont really make use of the funds which is more that on what you do earn or simply with your income. You should really be just that fine
if you are really that sensible in regarding with  your spending.

Getting financial advice is sometimes necessary for some people. But for some others, there are those who are already good at managing finances without having to get financial advice from anyone. But the most important thing in this case is to maintain self-discipline in making a mature financial plan and also in carrying out the financial planning itself. Because sometimes there are many people who are good at financial accounting. He formulates and records every financial inflow and outflow that he has. In fact he made a plan that is also very good. It's just that sometimes the most common obstacle faced by everyone is that it is not easy to carry out every financial plan that has been made. This relates to how to refrain from buying something that is not really needed. This happens a lot to young people who still have a strong desire to follow fashion trends in their social environment. So they tend to buy things that can make them look stylish in front of their friends. and well behavior like this is difficult to change from someone. But as long as he can still set aside money to save or invest and as long as he still has an emergency fund saved, this is not a problem. It's just that they might be a little slow in having their own financial improvement.

Not everyone may find it feasible to implement all the suggestions provided by friends here. However, it's important to bear in mind that each individual bears the responsibility for their financial circumstances. Every person possesses a survival instinct and is bound to seek input from others' perspectives. Absorbing a multitude of advice can indeed be perplexing, yet a prudent person will sift through these recommendations to advance into the trial and error phase.

Human beings are social creatures, and the notion of solitary existence eludes us. Navigating life becomes considerably smoother when in the company of fellow humans.

well personal finance means more generalized problem whereas here is all about cryptocurrencies though principle is the same, its more or less still quite different.
personal finance is all tied tightly with how good are we at controlling ourself and keep striving to increase the income, which can be obtained through the means of earning through cryptocurrency like investing or just having more jobs.
in this case, financial literature and youtube videos in regards of financial education is also good way to learn since the knowledge is usually more generalized but thats just from my standpoint.
I think its also depends on the person themselves. but at least by having some knowledge and theories we'll get more refined way to decide on our own personal financial.

We are indeed responsible for our own financial situations as it is our decisions and actions that put us where we are. It is also indeed natural for human beings, as natural social creatures, to seek opinions from a community that we belong to or can generally relate to. However, applying the responsibility we hold for our situations, it is vital to ensure that we are the ones to make the final say on what we should do and should settle with amongst the opinions and pieces of advice we have gathered. Moreover, it is best to remember that trial and error is a must, as not all of our actions will have good outcomes, but we can always find a way to turn negative results into opportunities.

In conclusion, asking for advice and opinions, as well as seeking others' knowledge are good ways to have options that will lead us to a path that we are ultimately responsible for. Remember that every decision is made from various factors that influences us, and it is up to us to make good use of them.

I totally agree with all the points you mentioned. Because in the point you mentioned, it leads to learning in three ways. Namely from reading, interacting and viewing videos. You could say this method is very up-to-date and I also often look for motivation or strategies related to how to advance financially using these three methods. But here I will also add some important things about how to make your finances more organized.

What I know and have experienced so far, the essence of success in financial terms, is based on several factors. Maybe many people already know all of these factors. Because actually to achieve success is very simple materially and very difficult when done. Like the example

• Financial management (the essence of this point is that you have to know which ones you need and which ones you want. Don't let the money go out by buying goods or other things, but it's not very useful. And besides that, recording income and recording expenses must also be done. To make finances more organized).

• Continue to look for opportunities with the money we have (This point explains how important it is for us to be able to continue to innovate so that we can continue to develop the assets we have to increase. That is for example by creating a business and starting to invest. Because if you only save, that's definitely not going to grow rapidly).

• And finally, to be able to motivate ourselves we must have a target. Because someone without goals or targets, must have very little enthusiasm and tend to be lazy. So having a goal or target is very necessary, when you want to change a living condition, which is mainly about finances.

other people's suggestions can indeed make us a consideration by applying them to our lifestyle. Economic problems must be faced by everyone, considering that all living people certainly have needs that must be met, it's just that in essence we must be able to apply a lifestyle according to our income or even have a simple mindset and leave it for long-term investments. in an era like now most people imitate the hedonistic lifestyle in order to have recognition even though there are other ways that can be taken to gain authority

Reading books can indeed increase knowledge and there is a lot of motivation contained in it, especially for money management. But what must be applied first is to be disciplined in financial management. Watching videos can also increase knowledge, then the bitcointalk forum doesn't all explain about managing finances. The most important thing is to apply discipline and make rules for managing your finances.

This forum is probably a better source of information than any personal finance book out there. Knowledge is important however it is not everything. What people need is a a good monthly income and that's only possible you own a business fully. If you started to wageslave for the big/small corps in your young age and continued to do so till your old age, then it gets harder to become financially free/independent in your young age because that's what wageslaving does to you. It eats away your soul. If you wageslave long enough, they will give you a pension and then you can live the rest of your remaining 10 years in peace.

Takes away the youth in us even when we are working online. The problem with such a situation is that we from a poor country and won't have a pension after retiring which is why I'm heavily invested in BTC and staking coins because when the time comes, it will be my reliable source.

Personal finance is harder for the newer generation when they are caught in this turbulent time and recession is on the way to depression. The only they can rely on is the skills they have, It would be fine if they can find a job but if companies are filing bankruptcy, they are on their own.

The most important thing is not only to read but try to apply it to yourself. With practice it will become habitual and you will not find it difficult to run because on the way you will find many unique things, such as questions and answers later and getting used to it. meaning that the concept has been studied high after minimizing the risk. Financial management is very related to time as well and at this time health and time are very valuable and must be managed properly.

The point is that learning in theory from books, watching videos or from discussion forums is just as important. But what is more important than all that is that we also have to recognize which types of needs must be met immediately and which needs we can set aside. That is, we must be able to distinguish between basic needs and additional needs. Now that we know all of that. Only then do we start managing finances by prioritizing meeting basic needs and reducing additional needs. We also have to set the limits of our financial capabilities and start making formulas so that we can still meet our living needs but we also have to have money left over that we can save or invest.

Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life and family, because I have seen many investors who dedicated their precious time in this Bitcointalk forum just to acquire knowledge of Bitcoin, and they are among the wealthy investors in their community. Do everything possible within your capacity to get a good job so that you can start saving money against bearish season, which is the best season many people in the society use to invest in Bitcoin so that when the price increase higher they can improve financially in the society. There are some Bitcoin video you will watch for social media, it will add more talents to you in a way you will become a good investor in the community.

It may just be where you stay and how bad the country is economically. If the cost of living is high and exceeds what you earn, there will be no way to be able to keep money as well as you could. Trying to keep money in such places, will mean that you are really staying deficient in another aspect of life like making skipping meals, or not eating well. Reading books and watching videos on financial intelligence can be helpful, but as you do so, still look for ways to increase the amount of money you have for expenses.

If people's thinking is such that people must become more skilled about a certain subject, then people can know enough about certain subjects, but those who have no interest in knowing will not know at all. The suggestions you give those who are interested have already started watching various investment videos or reading various books to become more proficient in Bitcoin but those who are not interested in this subject will never do these things no matter how much advice you give. With skills and experience valued everywhere, you're sure to find success in whatever you're experienced in. So if you focus on a task you should finish that task completely and do another task in which the task you do will be better.

The point is, if someone or some people have their own interest and there is no coercion at all from other parties to start investing, then more clearly for those who have their own interest I think they must also have the intention to learn it. That's very different from some people who come with coercion, maybe you understand what I explained. Those who come under duress will not fully learn it because in their hearts they are not that interested. That's right, any advice that comes to them will probably have no effect. So the point is that in any field, only those who have their own intentions in their hearts will really study it, and of course the results will be different. So in fact, someone who studies it sincerely will be different from someone who studies it under the coercion of others regarding the results.

People put all of their effort into improving their skills once they make that decision. They're really immersing themselves by watching films, reading books, and so on. For those who don't care? No amount of guidance will be able to change it. Believe me, I've seen it

You advise concentrating on one task until it is finished. Excellent, excellent thinking. But multitasking can be necessary at times in the fast-paced world we live in. And that's also alright. You are correct that talents and experience are appreciated. You know, though, what else is valued? Adaptability. Flexibility. ability to change course as necessary. That's how you win. We must stay ahead of the curve and not be experts in just one field because the world is changing. We must be nimble, observant, and constantly alert. The real secret to success is that

If you do not have will and a specific plan for your life, even if you read 1,000 financial books, it will never help you escape poverty, let alone help you become rich. If you just read books and become rich, tell me, why are many people who graduate from college still unemployed or still have to work in non-major jobs with low income? Knowledge is extremely necessary and important, but more important is how you apply it to life to create results. Don't just think too simple, just read financial books and you will get out of poverty.

I read several books that talks about personal financial planning, but it just doesn't work for me, and after few years I surf this forum, it doesn't really help me much regarding personal finance, tho it help me get better financially since I got many customer from this forum, lol, there are only one or two financial lesson that I think I can use, most of discussion in this forum are talking about global and macro economy.

I am more interested in the last point, learning from people experience about their financial struggle and how they manage to solve it is more interesting.

Maybe the books you read didn't absorb their content, and you didn't apply it 100%. Or what book are you talking about that you read? Is it a book by Robert Kiyosaki? or other well-known financial authors? Sometimes we humans just love to read, but we lack implementation.

Yes, we are there. Every time we read, we get an idea or knowledge from the experience of other authors, but we don't have it in our minds to do it completely, or sometimes there is still a doubt or question about whether we can apply what we read.

That's the problem and if someone is unable to see a match process that can be applied to him, then how can someone achieve the success he wants to get. There's nothing wrong with advice or input from many people, it's just that encouragement and if someone can't improve their self-skills no matter how much advice and input won't be useful either. In my opinion, what we need to do is look at what opportunities and businesses are suitable for us to run and can make the business grow much more.

Methods and skills in running a business are not formed from books or advice from people, but we get them from the process of practicing them directly. So at this stage a way is needed so that someone does not experience losses when building a business and working in someone else's place is one way to avoid losses based on lack of experience.

Yes.. maybe it's true what you said by reading books can get you out of financial problems because there is motivation and solutions to rise from adversity. However, this must also be proportional to the effort you put in, lest your preoccupation with reading books can make you a bookworm who only reads without action as a form of implementation of all the knowledge and theory you learn.

I appreciate people who dare to take action even though their knowledge is not sufficient and only have experience as a learning medium. Compared with bookworms who just stay silent.

We really need to implement the three points that you conveyed. However, people who experience financial problems are usually very different, sometimes they have a lot of money but are unable to manage it, and sometimes they don't have the money to manage their finances.

But personally, I will always save every day, no matter how much I have to set aside to save. I have my own standards regarding what percentage I should save. If I get more money, I will use it to invest in bitcoin. Saving is a top priority. After that, I don't have to worry about spending my money because I know I've saved. I cannot touch the money that I have saved and invested at all, unless it is urgent or there is something that can make me happy and I really want it. In essence, the money that comes out must be smaller than the money that is saved. Remember!!! True wealth is not about how much income you earn! True wealth is about how much money you save and invest for the future!! I can be like this because I got this knowledge from the three points you mentioned.

You can't just keep reading a book over and over again even though it has motivation in it, what I mean is that we also need to take definite steps, so I agree with you on this.
For example, we keep learning how to build a good business, but in life we never take any definite steps to make it happen, will the business we dream of ever materialize? I will say emphatically that it will never materialize.
Do not just theorize, but we must also practice it. This is precisely what should be an advantage, because there are still many people out there who step by capitalizing on the experience they have. Readers have a plus in this regard, because they have motivational quotes and strategies from the books they read.

The issue with both books and instructional videos is that they are often purely theoretical and cannot be applied in practice. Generally, I'd like to agree with all three options made by the OP; however, not everyone is capable of reading books. Personally, I struggle to be concentrated on reading a book; my mind simply wanders off after some time. I don't know if it's ADHD or something. Moreover, not all books provide you with accurate information, but this rule applies pretty much everywhere. In summary, books are a great choice if you're up to reading; there are many out there from successful writers.

The forum, on the other hand, does have some useful content, but you need to filter it; not everything here should be taken into account. This also applies to YouTube and other social media, which are filled with self-proclaimed entrepreneurs who are usually reiterating common and outdated knowledge that can be found with a simple Google search or are simply trying to lure victims into paying them or inviting them to their pyramid scheme.

It's one thing to berate people and another to give them useful advice. Some people are ultimately just stuck in a rut and have very few options available to them. While it is a good idea to read a variety of finance books - be sure not to get stuck too much on one particular topic, like autobiographies of other rich people who might have wisdom but it may not apply practically to your situation. Frankly, unless you're actually making money in some way from this forum, you could argue that there are much better ways to be spending your time which could be making you more money, rather than procrastinating on many unrelated topics. One other thing is, be sure to evaluate your outgoings because often an easy way to save money is to identify areas of waste and cut that out first.

As much as possible then it would really be that wise that you should really be sticking into something that would really be getting in line with your passion on which you could really be able to definitely be that having

at least the interest that you would be sustaining despite of the possible mistakes that you might make on which this might be the reason for you to quit up or wont continue on what you are trying to strive.
When it comes to finances then for sure then it would really be a different condition or situation of each individual on which we know that different challenges and different difficulties that we do have
on day to day living.If you do find yourself having that shortage of income then it would really be just that common sense that we should find one, and if you do see that you are having that kind of
progress in terms of money making then as much as possible it would be ideal that you should continue and further diversify.

Somehow, not all people would really be that capable enough for them to be able to do certain things and this is why they do make themselves getting missed out with those opportunities.

Reading books gives information to be elevated from poverty but reading books alone without taking any action won't change anything, getting information that can help to become financial stable and taking decisions to work will make things effective and to easily make one succeed financially. What changes one to become financially stable is the books one reads and the financial decisions to do things in the right way it should be done.

Just reading books without any work or action be done won't make any difference,  because achieving financial stability requires work or action .

The most common mistake I come across as a financial advisor with people whom are having troubles with money as that they are simply living above their means and don't budget.  One thing I discuss on a daily basis with my clients is one of the most simple things one can do to get their finances on track and that's running a monthly budget calculation.  Figure out what you spend per month (include things such as entertainment), subtract that from what you bring home per month and that will equal what you should or at least could be saving for your long term future. 

Such a simple and easy way to get started.

Yep, those are most likely the reason, I didn't mean to say that the book is bad, I just can't apply it to myself  or my financial problem. I only read one book by Robert Kiyosaki 'The Cashflow Quadrant', and to be honest I never finished it. The book I was talking about is 'The Psychology of Money' by Morgan Housel. It mostly talk about how money works, and how the general people preceive money, and why most of them are wrong.

Those who have money but are not yet able to manage it can still learn to manage it well as long as they are willing to learn and have time to learn, but for those who do not have money but are said to be able to manage it very well, they still may not be able to manage it well. Because basically he still doesn't have it so it can't be concluded that that person is able to manage money very well, unless he has done it in the past when he was rich before he became bankrupt or became poor.

The three points mentioned are indeed good and everyone can apply them to their own lives as in the example you have applied. And I think what you are doing is a very good thing to do because you are trying to reduce expenses by implementing savings and investments for the future. But for matters of urgent matters or things that can make you feel happy, this is something that I don't think needs to be told because it won't always be the same for everyone, even though everyone can experience urgent things in their life.

The books, although not inherently flawed, pose a challenge as we are readers, not their authors. Consequently, comprehending their message becomes an intricate task. It's like they use that formula and it can help them succeed, but with the same formula we cannot succeed. Reading books helps us gain a lot of knowledge, so we can think for ourselves and find our own path, not just following what books say will lead to success. That's the reason why countless individuals dedicate extensive hours to studying, devouring countless volumes of books, and yet, unfortunately, do not manage to achieve success.

Yes, I understand that. And maybe you have also heard about the anecdotal story of how donkeys read books...? And in the story, it is said that the donkey only opened and looked at each page without understanding anything in it. Likewise with humans, if for example they are unable to understand what they read then what is the difference between the donkey in the anecdote and us who are unable to understand anything when reading a book.
It's not just a matter of reading, but we also need to understand every incident we have experienced, including or what is meant by experience. If we are unable to understand and evaluate the events we have experienced, then there will be no improvement in ourselves.


And to find out whether we really understand what we have learned and to find out whether the theory we have studied so far is effective or not, namely by practicing it in everyday life and in the business we are involved in. Only then will we understand

Personal finance or financial literacy is a very rich field. Even if you read and improve yourself every day, there is still more to learn. With personal financial development, you can improve yourself not only financially but also in terms of general culture. It is a situation that gives vision to the individual.

Information such as budgeting, saving, borrowing and investing should be learned from childhood but if this is done in a fun way, it will attract children's interest and they will be in a position to learn.
Finally, avoid trusting speculators in the media or unknown accounts on social media. Develop your financial literacy yourself, understand it yourself and be loyal to yourself.

Great progress and good words speaking from your experience. While these resources will surely help us to go along with our personal finances and will help us improve. The guarantee will still start from our own initiative. Without such, you're walking blindly without any idea on where you're going at. Self discipline is the foundation of personal finance even if you have watched tons of videos, inspirational quotes, finance books but having none of it will make all of those useless.

You just need to slow down the life you are having to have this kind of time. I think people are trying to do too much all at once and that is not multi-tasking, that is just not doing anything properly and doing everything terribly.

I work everyday, I work 8 hours every single day, and after that is done, I work on my writing for example, that is what I like to do and I write, I write everyday, and my job is writing as well so it helps my job too and maybe one day I will write a book, I have considered it, but I think it should be important to realize that it is not going to happen. This is why it is quite important to remember that we are not going to end up with anything that would be a big deal, just realize it is not easy.

You would be finding out for yourself whether these books or write ups would really be something influential on your part because there are indeed type of people who do easily get influenced basing up on what they do read up and would really be tending to follow on whats been said on that but there are ones who doesnt really care nor really that mind or having that kind of application on whatever the things been they reading or able to encounter but rather they would be basing up with their own will decisions. We know that there are indeed people who could easily make out adjustments if ever they would be experiencing some hardships and since we are talking about personal finances then it would be understandable that having everything in control and moderation would be always recommended and suggested.

You would definitely be finding yourself on great trouble if you are really that not minding about those border lines or limitations since we know that everythings too much would be always bad.
Financial aspects is something that should be in controlled manner, there's no such thing on having unlimited money and this is why it would be ideal on living with it
on moderation.

I see the intent and I am pretty much agreeing with it. You can only do so much work in your end after all, and knowledge will at one point be more vital than the effort that you're putting into. In any case, I do hope that at the very least, you get your info/knowledge from reliable sources. Insights and first-hand experiences are good and all but they are nothing especially against an expert opinion. So I say instead of using this forum as your beacon of knowledge, find a local successful person, it could be anyone, your parents, someone from your friend group, a previous colleague or teacher, whatever the craft. Just ask them how they did things, and act as their apprentice even if the situation calls for it.

Readings and guides for something that can help us in life will indeed give birth to inspiration. But it will immediately become useful when we can immediately use it in life because any change will always come when we want to do it very well according to the guidelines we have read. It's not just about saving it after reading or watching a video, because in reality life changes can come when a person starts to become disciplined in not wasting more of the time he has in his life.

Actually it is something that is easy enough for everyone to understand because if you don't want to be approached by difficulties in your life. This means that you must be able to make your own policy regarding spending money on a daily basis and also pay attention to the level of income you earn on a daily basis so that you can live a comfortable life without facing any level of difficulty. Because the application of discipline in life is something that already covers everything for life.

Yes that's right, reading is a fun activity for me and besides that we will also get a lot of learning if we read something inspirational, but yes it goes back to each person. I mean it's useless if we find good learning that we think will be useful but we can't apply it to our own lives at all, well like you said and I also think it goes back to the person, if they have strong intentions I think whatever they find or including what comes to them will definitely be useful for them and they will find various ways to apply it to their lives.

Honestly I agree with "easier said than done", the fact is that most of them are very inspired for example by success or success, they want to have the same fate but the problem is that it's just words, there is no action after they say it and I think it's just nonsense. Like you said above, we have to be wise and we have to be decisive in life if we want to move forward a little bit. Right and simply we can start from the lowest, start living simply and not prioritizing prestige, applying strong discipline and also by saving money it is better than you spend money on things that are not important. Yes, so it comes in handy when we are having financial problems.

That's precisely why we have to gain knowledge or try to catch up so that we don't fall further behind.
We must realize that technology and knowledge, if we cannot adapt to very fast developments, will leave us far behind and make it increasingly difficult for us to survive in life and so that this does not happen, we must at least have a good vision so that knowledge and technology at least can be balanced so that we can survive with the existing life.
Even though we know that it is very difficult to follow something like this, it will be better than not trying at all and giving up on the situation.

Talking about time the excuse of not having time to study is just a classic excuse I think because there is no way in 24/7 we don't have any time to study. It's just an excuse for those who are lazy and don't want to improve because it's quite funny to put it down to "no time".
Money management is very important no matter how hard it is to ignore this because it is one of the parts for us to survive in life.
The problem that is currently happening is that we are only too fixated with money but do not think about management properly and things like this are difficult when we already have money then we will only continue to always feel less and less because of poor management and high hedonistic levels that make it seem as if financial management is very difficult to do.

Realization would be always coming at the end and expect that people would really be having that kind of approach on the time that they would really be experiencing up some problems on which it would really be just that

common action that it would be made on the time that they had able to encounter unfortunate events. Its true that it would really be just some bullshit excuse about having no time on learning or reading at least
when it comes to those ways and methods on how to be that able to avoid such circumstances. Everything should really be in moderation or everything should really be limit. You do know on how to balance up things accordingly because if you wont really be able to do such thing then expect that there would be problems that would occur along the end.

Financial management is the key on sustaining yourself or would be able to survive on this worsening economic state or condition which it is really that inevitable.Therefore it would
really be wise and good on finding ways on how to survive at least.

So true. Basically it all comes back to ourselves. Because when we intend to improve ourselves, whatever path we take to get improvement, it will still bring good changes. Whether it's through reading books, attending seminars, through videos and also through inspiration and motivation from someone it can also be useful. But in the end, it all depends on our own discipline in managing our finances and lifestyle in our daily lives. Discipline in managing finances is also a determining factor for someone's success to be able to make changes in their own financial life. Because without discipline, no matter how good the plan we have, it still won't work. Because if we are not disciplined then we often go outside the plans that have been made.

Not contradict the advice given by OP, but honestly, there are a lot of knowledgeable people talking about how to find the solution in personal finance without even understanding the real experience of being in that situation. Don't give a comment with a simple follow here, follow there, read books about finance, etc., etc., etc.

I'd rather look and research for a person who really knows being in a poor state and really starts from scratch.

They know more about how to survive being in a worst financial situation and what they do is more inspiring to follow.

Adoption of technology is really needed right now. Just imagine that most of the job right now is about technology because, as you are right, it is difficult to not have technology right now. Also, most of the jobs hiring right now are in technology, which again gives you a huge salary that can buy our needs and keep us financially free. Also, we can use technology to manage our finances, which is why we should always take advantage of it.

Lack of discipline in spending money is one of the main causes of always lacking money when needed. The root of the problem is in oneself how to manage money with discipline, responsibility to the family cannot be used as an excuse because it is the duty of the head of the family to finance all their needs. Need to introspect yourself when facing financial problems, where the money has been spent so far, if some of the money is spent where it is not really needed, it is necessary to make changes so that the money can be allocated as future savings.

It's really difficult to start over from scratch on your own, and since that doesn't happen to anyone anymore, I agree with number [c]: surround yourself with people who have a positive outlook on life. This can really help a lot, and I think it has helped many of us in life. How would someone benefit from this platform if he is unaware that this forum even exists? Apart from this forum, there are many other ways to learn more about financial difficulties and how to overcome them in order to succeed, but I am aware that people who are aware of this forum's presence benefit greatly from it.

What about someone who is caring a family responsibility, how is it going to help him? and wants to read books? As a responsible person, you should always give to your family; there is nothing wrong with it; all you need to do is keep working hard and praying.

Allocating money on things starting from the most important is what must be done. Like prioritizing primary needs. And the rest is new to secondary needs. This is necessary to ensure that basic needs are always met properly. And only spend money on things that are really necessary and avoid spending on things that are not really necessary or are just fashion. But all of that cannot be done if someone does not have self-discipline in managing their finances. and you are right that financial discipline is the main thing you must have.

I think you misunderstood OP.

What he meant by that is that, no matter what you do, there's seems to be no progress in yourself, since you can't budget your own salary due to overspending. And financial problem is not only for those who have so much money but doesn't know how to spend it properly. It is for people who does have a problem on budgeting their salary for their bills, it's either not enough because of being underpaid, due to overspending in their wants or they don't really have the privilege to earn a decent salary to sustain their needs.

Fulfilling your needs and exercising financial discipline is indeed a good thing and must be done, but what happens if the financial problem is not due to spending or spending arrangements, but rather because of a lack of income, what you mentioned is not useful because of course among people who have financial problems are not in what they want to buy but in the amount of their income, which on average is less so which arrangements are appropriate to implement, if in a situation you need money for outpatient treatment but you also need to eat and drink, what discipline? which must be taken into account in this case.

I can't count how many times I have started over again, people say failure is not an option but the truth is failure is how we learn and if we are lucky to battle by standing up again we become better at what we do.

There are businesses I've started with the hope of getting a better life and it crumbled, I tried other things and the same thing happened, the only reason why I am still standing now is because I don't know how to give up.

Many people believe that road to success is the hardest but most people can't even maintain their present gift, even if they manage to get to better places there is a chance that they will fail and return to their old life again.

Managing wealth is even harder than trying to make a better change in life, when that change comes it's your duty to lock all doors to make it stay and live with you until your death time comes.

Wow, that's such a profound advice OP, I am pretty sure that even if people follow what you're professing, it's not going to make anyone successful to a certain degree. The advices are generalized and pretty shallow imo because anyone can do all that and at the same time this aren't even a part of the formula to be successful in finances except the reading books about personal finances part and even that is flimsy at best because what could've worked for that person, it might not work for you.

Failure is inevitable in this brutal environment of the contemporary economy; it is not an option! You must have mastered at least one facet of survival, namely persistence, if you're still standing. But let's not romanticize failure; it's the harsh reality of capitalism that you've just managed to endure, with luck or misfortune

People often discuss the challenges of advancing up the success ladder, but they rarely talk about the equally difficult art of maintaining dominance. Let's imagine you decide to trade Bitcoin instead of erratic stocks because of its decentralized structure and persistent upward patterns. Market manipulation and cryptocurrency restrictions, however, are a threat even to Bitcoin. Ironically, Bitcoin's decentralized character leaves it vulnerable to erratic market movements. The 'art' of keeping money? Secure, immutable blockchain technologies should be used to store it! Done

That's right, we must realize that there are other things that can make someone experience personal finance problems like the one being discussed here, they cannot manage finances because their income is very low, even far from enough, you are right maybe it is only enough for outpatient treatment when they are sick but on the other hand they also need to then and drink. So how can that person manage their finances if what they get is not enough for their life at all. Yes, it's because it's difficult to find additional income, especially in this difficult time, I think you also know that many people now feel difficulties in anything, especially money. So with that alone I think it's normal that they don't have a good income.


Honestly I will not corner them to do this, because obviously they will not be able to because their money is limited and far from enough for their lives. I will only suggest this for people who have good luck in terms of their finances, but as the title above they can't use it well at all, and obviously that's only for them.
So we have to know that everyone has different needs, it could be that those who are not financially well-off have a heavier burden than others in the midst of their income which is far from enough. and honestly I don't really have the right formula for this problem. But I will say that they should remain grateful and enthusiastic to improve their finances.

Only one that can be annulled is included in the category, but that's not necessarily the same as reading byuku can improve finances completely in a nutshell, reading takes a long time to understand the essence of what is conveyed and its application also requires time and capital, so it can't be assess that after reading one book you become a person who can manage finances, then we turn it around again we can understand money management but our finances are limited or it is difficult to get more income than we need then we will live by standards in general in class, but I am enough believe that income will go hand in hand with knowledge and ability, so increase it to increase the source of financial flow.

To be honest, only the person himself understands what the financial situation is like. If you look at what the OP said, there are many factors that influence finances, but the focus is more on spending which makes the discussion seem only for those who have income that can be calculated more. from having enough for their needs but not being able to manage it well, but this becomes unable to see that each person has different conditions in their case which makes the conversation unable to look fair on financial matters, which makes it complicated to draw one side from the other.
You must have read/heard or have experience in talking about finance both in earning income or managing expenses, you don't have to have a complex formula to solve problems, but maybe your knowledge and suggestions can be useful for readers here, sharing a little knowledge is much better .

Absolutely, when you consider the points raised by the original poster, it essentially boils down to a path of self-education for success. Self-education for success is no easy feat. What truly propels someone's rapid development is their real-world environment and how effectively they adapt their interaction style with others.

Hanging out with the business community can serve as a means to toughen your mindset, where you'll gauge the perseverance of successful entrepreneurs on their journey to the pinnacle.

We must become accustomed to their lifestyle and understand their business acumen. The most straightforward approach to becoming like them is by observing their activities, emulating them, and modifying those activities to align with our own character.

I've been experiencing the same issue of having a good cashflow and then there's an emergency that happens afterward that causes most of my funds to go into it and doesn't have a savings Again this situation always happens. To break the cycle I the increased the number of savings and watched videos what are the mistakes I've made in my decision so I can easily manage what are things need to avoid and do to make sure I can easily manage my money.

It's good too if you have a good network of business minded and successful man so you can learn from their experience. Currently, I'm attending a seminar on how lifestyle inflation matters.

Of course, no one really understands what the financial situation we are experiencing, only ourselves who know it well. So, what the best solution for our financial problems, only we who understand it. However, some suggestions from other people can give the alternative solutions. There is nothing wrong if we try to consider the suggestions from others. Although in most cases, the financial problem may come from the lack of income. But it also may be caused by the wrong management of the financial. Or our life style also can influence the financial problems. Sure, there are many factors can be involved, it is quite complicated sometimes. By having some alternatives solutions, we can adjust which ones can be applied for the solution. In a certain situation, sometimes it is difficult to know the solution ourselves if there is no other helps.  ;D

I completely agree with you. There are a lot of instances when what we all need is a good reminder or a shove in the right direction from other people. Yes, others may not fully know what our situation is and what factors are involved in what we are facing, but there are times when the advice or opinion of others serves as a good reminder of the things we are forgetting. You see, more often than not, when we are facing a problem or in the midst of a sticky situation, we usually get so clouded by pressure and emotions that we forget some of the things we know and that leads us to also forget what we should be doing to resolve the bad situation, hence if we ask for others' takes on our situation (even with limited information or details about it) we find ourselves being reminded of the possible steps we should be taking, it gives us a good moment or realization. "Ah, right. There's that." Personally, I often find myself in those scenarios, especially if I am faced with a really stressful situation I panic and forget what I'm supposed to do to solve the problem but with a good nudge and reminder from others just from their simple opinions I find myself getting back on track.

How many smart thoughts you have. I liked it very much. "I don't know how to give up")) Incredibly wise saying. I need to take note of it and remember it every time there is another failure in my life at the expense of financial resources.
For quite a long time I can’t get out of the money hole, but this doesn’t scare me, because I understand perfectly well: if I stop, it won’t get better.
So you have to start all over again over and over again. How else if there is no other choice? This is only hope for their own strength.

it is available everywhere in interne tnow so the is no reason you cant find , not like in the past that you have to be in Library to find books.
but choose which threads and people you will follow and listen or else you will go sideways.
correct, videos that we faces daily will add flavor to our plans and decisions.

Giving up will further complicate our own circumstances or conditions in life, especially when it concerns money that must be kept looking for every day by not stopping working. I also think that money will not come by itself without work being done, so I personally don't think about giving up because up to now I still have to work to make ends meet and to become more independent in my life. Because working is a better choice, while giving up is a very bad choice for anyone.

Sometimes smart thoughts from other people are needed in order to have motivation and enthusiasm at work, but everyone must also have their own thoughts in carrying out each job, both in managing time and also in managing their finances for life. Because advice from other people is only an initial guide, while the method we carry out ourselves is part of the important things that must be there from the start.

.
I will say their is no permanent formula to success if their was any formula every one would have become successful,  what op is professing is a good thing to practice,  it can help but it doesn't mean if all this things is practice one must definitely succeed. Attaining Success comes as a result of good effort we put in everything of life, success can be Derived from passion and hardwork. Most times the main reason why it is too difficult to be financially successful is because the kind of government we have in the society.

Sometimes we can find ourselves in unexpected situations that can disrupt our finances a little. Even at one point an emergency can also make someone give up on managing finances. Because when someone goes to great lengths to collect money but then has to use it for things they didn't plan beforehand. So this can make someone feel a little down and lose motivation to collect money again with good management. The location of this problem is actually quite simple. namely because we didn't prepare an emergency fund from the start. If we prepare for emergencies from the start then we can still face unexpected situations calmly. Many people know about the importance of having an emergency fund. But the reality is that very few actually prepare for it.

I got an important additional lesson tonight from two people who are figures on this forum, wow and you conveyed it so deeply and gently that it was very easy to understand.

Sometimes emotional situations can really mess up the brain structure because pressure will change all thoughts and hearts to become sad and confused about what to do to solve a problem, this is where the opinion of other people is important in various ways of conveying it, it will be very useful for messy situations, especially financial problems that are very sensitive to emotions, sharing understanding will be a very useful alarm to guide us back to the path we should be on.

Many factors make some person still have financial difficulties, not all problems are about indiscipline in managing finances, but most still have family responsibilities that make them have to set aside their income and cannot control their finances better. Its not important which one related book financial have to read but in the reality, we needs spent and help our family first before controlling our self financial be better at the future. Some time environment make us difficult controlling with good financial and we are spending much money for not really important thing until realize one day later after losing all from money until working.

Personally, for some one still have passive income from working need smart spending their salary, spend few percent for saving assets and hold it in investment kinds keep increasing up in the future and use half for helping your family.

Yes you are right. Personal finance management knowledge is very important for success  in life. In this way we can manage our expenses  and can  invest on real assets that give money in our pocket.
Most people remains poor in their life because of lack of financial knowledge, they invest car that is a liability, that takes out money from our pocket. They invest in motorcycle and invest in living house that are liabilities. Poor people are people because of their mindset of poors, if they will change their company and will invest their time on people who have knowledge of finance, they can get financial success in life.And if you are positive towards life, things will happen positive with you, because this in nature philosophy. You can invest your time on reading books and watch free videos and you can also attend seminars about financial knowledge and you can develop skills. In this way you can change your  life . Life is very important if someone has knowledge of finance he should spread it.

I hold great respect for someone who prioritizes the honor and well-being of their family, even if it means encountering obstacles in their planning. We all have cherished family members in our lives, so it is entirely justified for our top priority to be our family. I admire your dedication.

Regarding financial planning, we all acknowledge that humans can plan, but the execution may differ from our initial intentions. I once received advice from someone that in order to maintain and ensure the sustainability of our financial situation, we should engage in regular discussions with our family. Moreover, we should strive to understand each other's circumstances within the family. Planning together with one's family is generally more beneficial for the collective interest than living with secrets among family members.

The message I wish to convey is to consider engaging in discussions with your family. This, of course, pertains to financial planning to make it even better than it is now.

Unexpected expenses are always unplanned and cost a lot of money when they happen. The other approach is still excellent to plan, and if it does not happen as planned then all is still well. Sometimes I feel like planning fails because you plan and finally end up doing something else. The problem is even if the economy is not favorable and the standard of living is high, the best that can happen is to increase your income and reduce costs but even at that saving should not stop anyone from taking proper care of our selfs

Good luck with that seminar and for sure that you'll learn a lot from there. When someone earns more, this is the usual problem that one has to tackle.
They are also increasing the spending habits that they don't have before and that's just being the typical person does when we can't get those things before.
But since our profit or salaries have increased, that's the time that we're spoiling ourselves with those material things and services that we can't afford before.

Increasing number of savings and watch videos is not enough to get you to your desired money life, It's just like working hard in a cycle without a discipline there will be no direction of your hard work. Watching videos and increasing number of savings is the hard work but consistently saving is discipline and you lack organization, try to organize yourself. Prepare for a future challenge believe me the challenge may not come because you are prepared or it might come but because you are organized you will not fall for it. Your cash flow will remain on the increments.
Yes! Your correct they serve as a mirror to what you want. My dad always told me that "Learn from other people's Mistakes" watch this successful men closely you will find the areas they are doing much well and you give attention to their regrets too then you won't make any mistake that they have made which will keep you on a stand to be way more successful than them.

Got some nice points, but it is not always valid and it is not as easy as you think. For some people, no matter how much they try, its very difficult for them to to solve their financial problems. You can mainly blame the economy of their country and the shit government they have.
1. Reading books will never solve your personal financial problems. Maybe it might help you improve a little by giving you suggestions what to do, but it won't completely get rid of your problems.

2. I doubt Bitcointalk forum is the best place. It's a crypto currency related forum where most people give you suggestions related to crypto. If someone posts about their financial problem, I bet, 90% of the replies will be suggesting him to invest in crypto (even though he can't afford to).

3. Nah, videos won't do anything. Avoid those so called financial influencer at all cost.

In fact, many people also want to prepare themselves to prepare an emergency fund. But we also have to know that not everyone can do it. Because a person's existing conditions sometimes make them unable to prepare emergency funds. Like because their income is only enough to cover their daily expenses.

But for someone who has more money or money left over after meeting all basic needs. So of course they have to save the money for a partial emergency fund and a partial investment. Well, we have to be smart about dividing our finances into the most important things. And also to prepare for the future.

These are some new sort of life hacks that are getting published everywhere. I am not sure if they are business models or whether they really help revive situations like the one mentioned. Though I am believer of self learning process I think some of them like to get motivated from the talks of others. In my case I have seen it as temporary motivation. Once I forget the speech I usually end up squaring up myself to first position again.
Better way learn our accounting ourselves and follow the math on cyclic period. This can help a lot over the time to understand where we spending more or less. Management becomes as easy as it’s daily routine of our job. Hope so everyone get their lessons and keep up the modern economic fuzz together.

I really agree with points A and C. For example, with point A, I read a book entitled the psychology of money, personal finance and how I manage money has changed drastically, as well as watching Andrew Tate, almost all of my life I still remember it. he said, you don't need continuous motivation, the most important thing is to be disciplined

Reading up some textbooks or seeing some motivational videos or something that could be learn online wont really be that bad as long it would really be making you that aware on what are the things should be done but

we know that on just making use of your own common sense then who would really be the one will be spending more than on what they do earn? It is really just that absurd on having that kind of thinking or mindset
because it will really be putting you on such condition on which it would really be ending up for you in a disaster just because you had tolerate out that kind of behavior on which it isnt a must thing to be done.
If you do see that you are earning less but spending tons then sooner or later you would really be finding yourself sleeping on the streets because you have sold everything or having that huge loan.

Always be having or mindful about personal financial management because if you do find yourself that too careless about this one then it would really be a huge problem on your part.
and this is something that we do let these things to happen.

Discipline is an important aspect that will enable us to control ourselves whenever we are influenced to make some unnecessary expenses. Reading books is a way for us to work on our personal finance which will trigger the way we think and make financial decisions that will aid us to spend responsibly. We need to change our mentality for us to get the best out of our plans. Those that are making it in the market now are people that have disciplined themselves to a level where they don't have stress it or force themselves to discipline.

Most people have experienced something like a lack of money or a downturn in the economy. Yes, the advice you give is indeed useful. And what's important is that we also have to be able to manage finances. and expenses must be adjusted to income. but I think it's also good if we are good at saving and investing. But of course, before investing, knowledge must be the priority.

Goodluck to all of those because the most important patrt was still upon you as a person. How are you going to apply the things you've learned on a book. How do these people in the forum are influencing you, your behavior, and financial decisions. How do these videos are eating your time or educating you?

It's always upon you and you have to figure out on your own what best financial decision is the best for your own situation.

I'm sorry, but I'd like to counter that reading books isn't really a great problem-solving solution. It might mitigate problems to some extent, but it doesn't resolve them. Books do contain valuable knowledge that can be applied to life and are great for determining the direction of the next steps, rather than fixing existing problems.

The best problem solver to date is advice from an expert. We can consider advice that makes sense from them, without feeling obligated to follow everything they say if it doesn't align with our situation.

Use books as references to avoid future mistakes, not to fix existing problems or past errors.

All of us around the world are facing financial problems, except the rich. That they don't really feel it that much. If Op can really do this, it's a good way for us or the other communities in the cryptocurrency business to somehow have an idea of how we can handle the financial problem correctly. Although it's not that easy to do, if we take it to heart, maybe it won't be difficult to do in the end, and after all, it's also for us to learn as people who live in this industry.

It is true that many people in the world are facing financial problems. It can be lack of food, it can be lack of wealth and different things affect it. Rich people are not much affected by such situation, be it in the form of inflation or in the form of losses, they get over it quickly and these things do not bother them.

The real fact is that they are financially strong enough to overcome all kinds of problems immediately. On the other hand, if we look at the poor people, a small difficulty or even a small problem becomes a big mountain for them. It goes because financially we are weak, due to which we cannot overcome this difficulty easily. So we have to adopt a good strategy to overcome financial problems. We have to get rid of our overspending and use our savings in different investments so that we can turn to the positive side. Crypto currencies also have opportunities where we can help overcome these challenges by investing.

It's useful but that's all there is to it to be honest, that advice seems pretty good in theory but in practice, I think that it's difficult because each people or family if we want to make it more nuanced has a different approach to living day to day and how they make money, some are bad spender but have a good income, some are good spender but bad income and many other combinations added with some more situations.

Yes, it seems to have become a common problem for most people, especially those from the lower middle class, who must experience more shortcomings. That's right, lucky enough for those who have more wealth than others or even very rich, maybe some factors that can make life difficult don't really apply to them, because yes as you said it's like a small problem that comes, with that wealth they like to have a lot of lives to continue living.

But yes, even though the rich are strong in financial matters and far above the poor, the rich must also be able to maintain their wealth, it cannot be if they just stand by and enjoy their wealth, remember because life will continue to rotate, it could be because you are careless you lose all that wealth. So to minimize things like that, they rich people need to create strong defenses, such as for example putting some of their money to invest or whatever it is that can make their money continue to grow, it will be able to help you in the future. Honestly, it's a good choice rather than buying something that's not important.

We have to spend money according to what we are earning.  If the expenditure is not in line with the income, then no matter how much money you earn, you will never be able to meet your needs with that money. Along with earning money we need to spend money calculatedly and save some money as well as invest money if possible. A person may live a good life by working but if he does not invest or do business then he can never earn much money. So we have to save money and the money we save we have to invest so we can achieve good things in life. In the world, the names of those people are at the top of the list of rich people who do business or invest money.

Couldn't have said it better. You have to adjust your lifestyle to how much you are earning. You can't expect to save money while earning a small sum and spending it to your heart's content with luxury things and unnecessary purchases. If you keep buying things that will obviously put a huge dent in your savings or will take a huge sum of your earnings then do not expect yourself to achieve financial stability anytime soon. Moreover, you cannot just put everything that is left of your earnings into your savings, instead, you have to divide it to a specific percentage that you are comfortable with and invest it. You cannot expect to earn more if you just rely on your main source of income (your job), you have to either invest or do business, that way your money will not be stuck on spending on unnecessary things or just rotting in your savings account.

There is no doubt that all the rich people always try to maintain their wealth, but they always make new plans to increase their wealth. Although they are above the poor in wealth, but this is not the aim at all, rather they need to increase their wealth. Make them work hard to maintain and increase their wealth. Indeed, if one simply enjoys his wealth and is careless, he can lose all his wealth, and there are many such examples.


Therefore, rich people should always keep their wealth in a circle, that is, they should invest it in some place or invest it in different places. From where they continue to get good profits and there is no decrease in their wealth. People who spend their wealth only can lose their wealth very quickly, so this formula is not only for the poor but rich people should also take steps to save and grow their wealth.

point number two is the best. but I gather that it is not limited to Bitcointalk, Twitter and Telegram are the best places in the crypto community. Apart from learning about crypto, we can really make crypto a big income for life's needs. Apart from that, in communities here and there there are always projects that we can work on to make money.

People with a successful business is always on the top because they have settled a base for their earning so if they don't do any other job they will take profit from their business.
 
Saving is important because if a person earned 100k$ per month and spend all the amount till the end of the month then having such a large sum of income is not a favorable for him because he Don't know what will be the future and how to manage expenses during inflation so if he know about it then he will make some investment and saving too.

A person who don't save any amount will have surely a better present but his future will be worst as in life one stage arises when a person needs his saved amount for emergency purpose.

Facts about personal finance that many people don't take seriously.

1. If you are making less than $50 per month it means that you can't afford anything that is $50 and above the problem with people is they don't know how to manage their money you shouldn't be spending more than you are making per month and you should learn how to live under the amount that you are making every month.

2. It is very hard to make money but mind you after making all the money you want it is not the end of the problem, the real problem starts after you have the money because getting rich and to keep on expanding is very very difficult, that is why you will see many people going broke after making some large amount of money it is because they cannot manage their wealth so that is the biggest challenge for so many rich people, it is about maintaining that wealth for a long period of time.

3. If you want to become successful in life I don't want to know the kind of condition you are in presently you must take investment as the top priority in your life than any other thing no matter how much you are making every month make sure that more of that money is going to investment plans every month either is real estate, stock or crypto that is the only way you can be different and this is why the rich are always different from the poor, it is always about the mindset.

Sometimes what makes someone "Spend a lot of money", is because they don't have enough money to save as an emergency fund. Inflation is a disaster. Someone who was paid $100 five years ago is certainly different from someone who was paid $100 today. The problem is that many people working in developing countries are not seeing their wages rise enough to overcome inflation. That is a case that I often find in my country. Average People's salaries are around $300 - $400 per month. In rural areas it is much smaller.

If they do not "spend" the money they have earned that month, then they will not be able to meet their daily needs. Inflation growth of around 5-10% per year really makes people have no hope of saving their money.

I've noticed your frequent postings on the Local Board (in Bahasa Indonesia), and it seems that you are, like me, an Indonesian.

Some of the information you've shared holds true, and there are still many individuals who struggle to manage their income for a month's sustenance, especially those residing in remote areas.

I reside in an area where the average salary for ordinary employees is approximately 2,000,000 IDR, equivalent to about US $130. This amount is indeed modest when compared to salaries in other countries. Managing such limited funds for a month's expenses is undeniably challenging, leaving no room for savings.

The only means to improve their financial situation is to break free from this predicament and set higher monthly income targets to enable savings for the future. Practicing frugality alone can take a toll on their well-being, given the relatively high cost of nutritious food.

By aiming for higher earnings and prudent financial planning, they can hope to secure a more stable economic future. And once they have a larger income, I believe they can begin to apply economic principles that may be acquired through reading books.

The price of things have become so expensive because of inflation,  good amount of money that used to very valuable but this days it doesn't have any worth. The inflation is making things look as if people are mismanaging their money. In this present days it is not even easy to save money, the only solution for people to be able to save some money is either by getting a good paying job or by having aside hustle job and also a main job, this will help in getting some left over money as savings.

Reading this makes me feel like I'm listening to an advertisement for a seminar about financial freedom. :)
There are many things that can often make us run out of money, we have only received our salary for a few days but the money remaining in our wallet and account is not enough to support our living even for just one week, it is strange but this often happens when we live in developing countries where income can only be obtained from one job because getting a double job is difficult unless we are a skilled worker.
Reading books about finance is very good as well as reading advice from financial experts, but what is no less important is looking for additional income so that you can not only fulfill all your life's needs and desires but also invest which will give us the opportunity to have a better economy in the future.

What is the story of someone who spends a lot of money in their life while they don't have more money to save and it seems a bit unreasonable when they consume excessive money in their life, even though they don't have any savings? However, the salary value that you describe seems to be very real for every worker because in the past $100 could cover several living needs, whereas currently $100 is only enough for a week's living needs if someone uses it sparingly.

The problem is that the inflation rate still occurs every year so that it still makes it difficult for everyone to save more comfortably, but for now there are still many ways and ways for everyone to save in their life. One of them is to work more hours at different jobs so that the level of income can increase and part of it can be saved even though looking for work now is not an easy matter for everyone who generally has different skills.

You'll need to sacrifice some of your time like your rest or time for your family because you have a side job that you need to go to. Before this was not the norm for people because one job was enough but now it is needed so that we can cope with the inflation because if we are not doing this we struggle and we can't buy our needs. Right now, people are in discipline mode mostly those who are minimum wage earners because their salary is not enough. That is only the solution as we can't rely on the government to increase the minimum wage so we will find our way to have another source of income.

Inflation does, in fact, make it harder and harder to buy things. With prices going up and pay staying the same, the situation is a real economic stagnation. You have done a good job of describing the hard lives of many people in poor countries. The fact that $100 is worth less now than it was five years ago is a great example of this economic decline.

Also, when most of a person's income goes to meeting immediate wants, the idea of saving seems far away, almost like a myth. Your point that salaries are even lower in rural places is an important one. You said that inflation is going up, and since wages aren't going up at the same rate, many people's finances are hard and empty. Possible solutions could be found in both government policies and financial schooling, so that people know how to make their money go further.

This is my prof said in school cause some of my classmates before were absent in a exam day due to they are having a part time job. They'll have to sacrifice one cause if you tried to keep both in the same time, it would eventually destroy your mental and physical health which is really draining. Cause mostly in the minimum wages pay work are based on the time you've spent not on your efforts. To be honest I don't find having two jobs which both are minimum wages as a solution to these issues. It's either you'll wait for the government to take action about the salary or explore things that could get you out on that situation like trying small businesses for starters, mine was buy and sell where I'm having a little profits.

All three of the points conveyed by the OP are actually correct to increase our insight in managing finances well so that there are no problems with our finances in the future. The important points you convey are the main key to all problems, be disciplined and consistent. Because for me getting money is important. but, managing money is much more important.
The following are examples of mistakes in managing money so that we have personal financial problems.
1. Income goes up, lifestyle goes up
2. Not Making a Monthly Budget (Planning)
3. Not keeping records of monthly expenses
4. Don't understand the difference between Post Nit Post Bon see 5 financial posts!
5. Carry out consumer debt to meet postal payments
6. Think the credit card limit (debt) is their money
7. Shop for what you want, not what you need
8. Don't understand savings posts and investment posts
9. Investing because of Fomo (bandwagon phenomenon)

That is a good initiative but we do have different methods that will work on us, others will be the same with you starting your business, others want to have another job which both will work as long as you haven't scammed other people for that money. Also the government takes time to increase the minimum wage. The last time we felt an increase was I think way back in 2017  when it really jumped so high that most of the employees felt it  but right now we can't feel it because of the price of food.

Nice to meet you, Mas Bayu, Salam kenal, heheh,

Actually I can say that where I live the average income is IDR 1,500,000 - IDR 3,000,000 (around $100 - $200) per month. But if we research on the Internet, it is said that the average monthly income of Indonesians is around $300-$400. So I can feel how these people survive with little money. They can only think about how to survive from month to month, so we won't be able to talk to them about frugal living and saving. The first thing we have to do is effort and education so that they can get more money that can be used and saved for investment.

Thank you for your kindness, sir.

I also think that the Government should step in to address this. Government indifference and corruption have left many people suffering at the poverty line. That's the first thing. Next, we have to help provide them with education and improve their skills so they can get additional income through part-time work. Because expecting them to get another, better job with a bigger salary will certainly be quite difficult. I'll skip this first. With a second or even third source of income, they can start thinking about saving and investing. Although it's not as easy as saying it, in my mind this is something that is possible to do.

What if this money is barely enough for the basic necessities for basic survival? What should I do then? It’s good to reason on a full stomach and in a warm place, but such conditions do not always exist.
What can you save from this amount? Nothing is possible. You just have to accumulate debts, because there is not enough money for food and that’s it. There is no need to type beautiful sayings from the Internet. They won't help much in real life. You should act according to the circumstances.
I'm doing a little better now than I was a few years ago due to the fact that I have a part-time job. Without her it would have been incredibly difficult. Almost on the verge of survival. There is no need to talk about investments yet, but there are small steps in this direction.

Not everyone lives in the same conditions and opportunities. Every individual strives to optimize his or her own conditions. If what you earn is not enough for you, you should work if you have the opportunity to earn additional income. Not everyone may have the opportunity to earn additional income. Getting into debt is one of the wrong things to do if we cannot pay that debt. If we can pay our debt on time when we get into debt, there is no problem.

I hope everyone will improve their conditions further with their efforts. Many people here strive for better conditions.

Thanks for you reply, see mister, I don't just talk, I am a living proof of all what I have said on this forum, there was a time where I couldn't even make 50$ a month, and I was into crypto at the time, I was barely surviving at the time, I eat food once in a day and looked so thin in and out, I am not shaming anybody, I am simply saying that investment isn't for those who make less money, it's never going to be easy, in my own past years, I have lived less under a 50$ every month, and I pray such will never happen to me again.

I've seen people making money per month and using 95% of the money to invest in crypto, I have also seen those who use their salary to buy costly things that won't bring them money, everyone deserves to spend their hard earned money anyhow they want.

If you are making less money it's a matter of choice to change and improve your monthly earnings if you want, if anyone is in such situation, the solution is to improve yourself, find better paying source, that's when things will start getting better, you will be able to feed yourself and you will be able to build your future too.

It's not about finding more work. It’s about how much personal time remains after all this. What to do with family, if you have one? After all, it also requires a lot of time to be devoted to it. How to combine all this without going crazy?
This is the question you need to answer yourself first. Without this, all reasoning is meaningless. I have already personally gone through all this and I can say that this path is very problematic and a dead end.

motivation is very necessary. because some people who don't take action or have knowledge will not want to jump in here or will be afraid to take the step. even though by taking a step they will find out. I'm sure when we experience financial problems we experience the same problems. if we want to spend money it will definitely be difficult. but without realizing it, money will continue to circulate in and out even if we hold on. Therefore, seeking experience, community and also having the courage to take action is the best way to overcome personal financial problems.