Is renting an inevitable waste of money?
Renting is never a waste of money; it is a survival trait and an important factor of life for every individual in every aspect of the entire world. There are several purposes to renting. - Home rents for a personal abode and roof to sleep every day
- Business purposes e.g studio, hall, mart etc and more
And both purposes are pivotal and unavoidable if you are a business owner or an individual because irrespective of class, you need a roof above your head. Meanwhile there is a scenario where renting becomes a waste of money; and this is when you rent a home above your means of livelihood. For example, if you are renting, your job must be able to pay your rents comfortably every month without you struggling. If you struggle to pay rents; then you are wasting money and not renting. When you don't decide timely that this will be a big drain on your saving. Then this will be surly waste of money Once my finance teacher said - never purchase a house - live your life on the rental. But I didn't like his suggestion and I would like to have my own space be it small or big. But its a treat being a house owner. The point of your teacher is that if you purchase a house, invest it in business or build one, and if your business is successful, you can use the profit from it to buy a house. Though others have no preference on buying a house as they cannot afford it, that is why they stay renting even if they know that it is really draining their money. They don't have a choice, so unless someone will give them a house they can live in, that would be good for them. |
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As a trader, things can get difficult and discouraging if you cannot relate with any other person who will have a good understanding of what you are saying concerning trading, to solve that challenge, are you part of any trading community or group that you share tips and new strategies? What other ways can you say you have benefited from being in a community asides sharing of tips and strategies. Are you doing better than when you did things on your own. Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?
Unfortunately it's hard to find a trading group whose content is sharing knowledge to improve the skills of traders, a lot of it only contains sharing about signals or sharing other things that end in fraud, that's why I prefer to leave a community group like that, but if it really exists and can help to improve our skills, why not? For novice traders it seems that it would be better to learn from tutorials on the internet and also learn many kinds of fraud so they don't fall for it when they enter trading groups. There are few in social media but again there are tons of trolls also but here in our forum you can find threads that you can learn and exchange information about trading but i dont see a website that is a forum that is intended for crypto trading unlike in forex that I've seen reputable one and they are not giving signals, they are giving their strategy for others to analyze and improve more which i would say if you are newbie you cant relate at all. |
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From my understanding of wrestle mania WWE,I see it as a fixed fight,which there is an agreement of who will win the fight. Despite all these people still buy tickets to watch the fight. I don't see this as a transparent fight,but people still bet on this fight. Is it that they are ignorant of this fight fixing or they are addicted to gambling and just bet on whatever come across them. As a gambler will you bet on such fight,when you know that the fight is fixed and the outcome of the fight is not for real,or will you go ahead to bet for fun?
I'm sure half of those who watched it already knew that the winner of the fight was an arrangement, the other half didn't know it was an arranged battle, but this is where gambling has to have stupid people in it. so that half of the audience already knew this fight was set up. they could capitalize on this bet by taking money from spectators who never knew the fight was set.  another form of business for them. If people have much money then they can spend their money betting on it as it is their own fun, but my self, I won't bet on WWE. We got angry and pissed when we encountered fixed games; how much more in that kind of TV show (for me) with the script and all of those things that you thought you would win but again, it has twists because of the scripts? It is like a movie where you are betting if that character will die or not. |
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You need to ask him if he has a savings and what type of business does he thinks he can venture into for a start, if the capital is not enough you can support him with it or you help him look for a better job if he doesn't want to do business.
It is really difficult to venture to business if you just lost your job mostly if you dont have savings at all because you dont have capital to start but I dont know if we are the same but it would be better to help him find another job than do a business because for sure he was shocked that he lost a job so for sure he wasn't prepared at all. Just motivate him and if ever you found like job openings tell him or if you are currently working and there are openings in your company then it is better to recommend him |
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Just a childish bets before when i was in elementary like I'll bet you he cant reach it or I'll bet whether who has higher score gotten in exam. I cant remember when i was old enough betting on strange things but my friends always betting when there are local elections on us and it has variety on it like who will won a mayor even it you plus 100 votes on him something like that which makes us voters feels nervous when they start counting the votes
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I think the factor that makes people too easily in debt is a luxurious lifestyle, many people compete to show off their luxury on social media so that many people want to follow them, unfortunately most people do not have the ability to buy in cash so they rely on debt, and also nowadays it is increasingly easy to owe in the online application.
That is really the problem with some people, as they always want to get famous, they always want to flex and show off, even if they are in debt. There is nothing wrong with flexing your expensive things, but if that puts you in debt, then it is useless because it means that you can't afford them. Though we all have our own opinions about it, others will say it's okay to be in debt as long as they can pay it off on a monthly basis, and others, like me, don't want to be in debt. |
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where do you want to save your money, if you want long term crypto and stocks you can do both, but if you want short term then you can choose crypto because crypto assets are very volatile so you can take profits in a short time.
Can you define what is short term for you? Because in bitcoin you need to hold it for a long period of time so that you have guaranteed profit unless you are doing future trading, but still both of them are profitable, it is still in your favor because some will say stocks are way safer (all have risk) than bitcoin, but for me it is the same if you don't have knowledge on this. It is better to invest in both so that you can feel and experience them and then decide what you want to do full-time. |
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Saving to bitcoin is a fun thing, before bitcoin arrived, many people saved to banks, but when we want to withdraw, we have to queue to the bank and it takes time to withdraw, the presence of bitcoin makes it easy because we can store or control money quickly, no matter how the large number of bitcoins that we save, some even store up to millions of dollars worth in 1 wallet.
That is really the problem that is why others are questioning also when you go to over the counter to withdraw your money they will need identification but yes it is a security measure but you will ask in your self why do you giving your identification even if it is your money unlike in bitcoin you can be your own bank you can withdraw anytime you want and no holidays. Also can be your investment too meaning you'll gaining profit when the price increase and you'll lose when it decrease |
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Any venture that has the word "addiction" attached to it, is never a good one. If you check carefully, you will see that the individual's physical and mental health, social and personal life, and relationships are affected, either directly or indirectly. Anyone who is addicted to trading despite having losses is just chasing losses. There is no professional trader that I know who has been very successful with trading who wouldn't advise beginners on the need to maintain a balance.
Everything that is done abused always create a negative motivation that will lead into an addiction. And with addiction, everything will be affected especially if you keep ignoring it and instead, continue to chase more profits so you can benefit them more. However, with trading addiction, it can be more manageable because you can actually stop trading if you have no funds to start it with. Therefore, being addicted into trading is probably more on seasonal that you can anytime stop your addiction if the market too is not allowing you to be profitable. Addiction is more likely to lead to negative things, especially when it involves finances. Back to ourselves, if we don't want to have addiction in trading we can manage time and finances one of them. Maybe we usually trade 7 days a week, that can be reduced to 5 days for example. Or we usually trade 8 hours a day, we can reduce it to 4 hours. Set profit targets and set loss targets, it will help us not to have addiction in trading. Establishing schedules to be able to handle an addiction problem is always very good,because it is a way to address the problem,however we can also say that getting away and doing other activities is possible, but if a person is addicted to trading and loses it is because their analyzes are very wrong and that cannot continue like this, if a trader does some things or changes in his strategy, things can flow, for example if he fails 3 times in trading, it is best to stop, and wait until he has a better understanding In the tradign, now if a person is addicted to trading but is winning, then things are not so bad, because it is money that is being generated. The problem is that the trade even didn't noticed that he is losing 3 times in a row which it triggers more his emotion to trade more. That is mostly the problem you cant now control your selves. That is why other hobbies like sports which you set specific time of the day like around 3pm that you need to play basketball or anything which really forced you to stop. Though it is really best to have someone to support you in getting out in the addiction as it is pretty difficult alone. |
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You've listed one of the very reasons why the rich get rich and the poor get poorer, but there are other factors that play into this problem. Some of them include: - Lack of Opportunities: You can't become rich without working a day in your life, but what if the opportunity doesn't come around? Lack of opportunities to find employment are a good reason why people become even poorer as time goes by.
- No Financial Literacy: I've seen people become rich and then blow all their money away belligerently, only to end up with nothign and be dead broke right after. Proper management of funds, as well as budgeting, investing, and saving of money is important in order to keep your wealth
These are the most common reason why poor people remain poor. Though they want to improve their status, unfortunately, with lack of education makes them incapable to do it and rejected from the opportunities around them. Proper education must be their priority, though it was a big challenge for them to send their kids to school due to financial capabilities but they should for the sake of achieving their goal and to give brighter future for their kids. Otherwise, nothing will change and they will remain who they are today. [/list] Even buying their own food they are having difficulty how much more going to school because kids are not forced to help their parents to earn money so that they have food to eat. The problem right now is that they are getting pregnant even if their life is miserable that is why they get hard time more in life. Lets just say they get into education but the problem in the long run is that they cant sustain like they cant go to school due to there are no food. |
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Even if you don't understand what they are saying or can't relate to it, later in your journey you will realize and understand it. It is really recommended for someone to join a community or group because you can ask them questions. This refers to like joining trading forums; there are threads there for newbies, meaning you can understand them so you keep reading and asking questions there. This sort of thing helps you improve easily; find another person that you can ask and rely on, and mostly, you can hang out with them to have fun.
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This is entirely dependent on the individual's preferences, as one person prefers physical and the other prefers online. When the COVID pandemic hits us, we learn that it is also fun to gamble online, even if we don't see any physical people or crowds, which i think we get used to and don't want to go to a physical casino as we can play in our own comfort without getting dressed or whatsoever. It is like our socialization died over the pandemic. But again, it is more enjoyable if you have friends or other people see you gambling. Imagine going to a carnival and being the only one playing. It's boring, right?
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Not all because there are some successful business that are clean but a lot of rumours only circulating about it just of make it down coming from their opponent business. A lot of people will drag you down when you are into business because people doesn't want success that is why they spread bad things. On the other hand those successful business would have possibility that they keep out thay secret to the authorities because majority of their earnings are coming from dark
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It is impossible to eradicate prover unless you will give all those poor people money to lift them up from poverty which is impossible to do and there are a lot of people in the world . They can even afford food how much more buying bitcoin? Other will also say to get an education so that they can get out of their situation but education is expensive still it is difficult to achieve. It is really a complex thing and it is very difficult to resolve. Bitcoin can help others life but cant resolve this kind of issue
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I think everyone has recently felt the rise in prices for consumer goods,in my country everything has risen by 25-30 percent and I don’t see a downward trend in the near future. I began to spend less money on leisure and began to save more,I also carefully look at the price of goods before buying them.
I just imagine before that we used to go to grocery without minding the price as we are sure that the price is the same but right now we always check the price as it keeps increasing and our grocery budget are not enough , you need to cut other spending if you want to make your budget enough . I am just more worried right now those minimum wage earner or under how they can survive this as it is getting difficult day by day. |
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If you have had such experience, how was it like?
It really doesn't feel good to sell against your will because certainly you'll regret it when the time comes the market turn bullish already. However, it happened because of urgency and you just don't have a choice, the good side of it is Bitcoin saves you in times of emergency and that's a good thing. When there seem no hope and you don't have anyone to count on, Bitcoin is just there. I also experienced the same thing and just like you it's not what I really want to do. But the situation left me with no choice so I had to sell even it's not a good time. What I keep in mind is, I overcome a situation with the help of my Bitcoin so it's not really bad. There's still a time to accumulate because the word too late is not applicable if you're a long term hodler. I am a long time hodler of bitcoin but I have come to realize after the incidence of the emergency that needed my urgent attention that bitcoin can save in times of need. It is an alternative currency which speaks of it value and flexibility. After that incidence, I felt some chills right inside of me and I was wondering if I had not had any bitcoin savings at that moment how could I have done it not to talk of me not finding it funny seeking for a loan or Money lender for a backup. Although there are lots of other sources I could have gotten Money back from my other investments but the time and procedure involved in processing the funds would have taken me much time which is not the type of response I needed as at that time but my bitcoin did not waste me time to convert into cash within a short time interval as I desired it to be In my account as fast as it can. What I am trying to say is that bitcoin as it is has no third party approval under your custody and it is very fast at your convenient and disposal to convert from any part of the world into any out put you want it. It can really saved lives! Bitcoin is a double purpose for those investors because some will mostly used it as an investment to gain profit by holding it in longer period of time but also it act as an savings or emergency savings because in that span of time for sure you need it , you some sort of money which you have in your investment you need to sell it to act on those emergency though it doesn't goes as plan but still you've solve one of biggest problems in your life. |
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For small and medium investors who start with a low amount, the potential ROI may not be significant in the short term. However, if they hold onto their investment for a longer period, there is a possibility that they may see significant returns if the price of Bitcoin or other cryptocurrencies increases over time.
Understanding the underlying risks attached to the asset in quoteis very important.
Profit is always profit no matter how small your investment is. Those small or medium investors you mean is for sure it is still huge money we are talking into unless you are just an ordinary person that holds bitcoin worth $50 which still not relatively small but if you gain 100% profit then it would be $100 then where can you pick up those $ 50 profits with just holding? No matter how small or big it is only up the person if he/she is contented. |
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I live in a small town with a cheap cost of living, with $ 0.95 then I can eat a plate of rice, vegetables and a fried egg, if you want it cheaper, of course you can, namely by reducing food portions, and whatever we can eat is certainly worth it be grateful, because there are still many people who cannot eat or eat only once a day.
Cheap foods can really help those employees, students and families that have a tight budget or having difficulty with their money. It is also the same here and I am happy that most of those vendors will say that they lowered the price so that those who can't afford the food can still buy it. Though we even know that it is not as healthy as cooking your own that is why if we have like spare money we can buy food and cook it in our home you can still save a lot on this. |
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Because a rich person have a privilege and have a lot choices rather than the poor. When a rich person want to start his own business, he spend a lot money and if it's going to bankrupt, he can create a new business without need to worry about the money they've spend. While a poor person want to start his own business, he might spend most of his money and it's going to bankrupt, he will not have any money left to create a new business.
And again a poor person if he wants to have money then he has to work full time to get paid a higher salary, and of course the salary he has is not big so it takes quite a long time for poor people to get a lot of money to start a business, and Obviously, as you said, it will be difficult for poor people to start their own business because they don't get money easily, it's different from the rich. One more thing in my opinion that is quite influential is that children of rich people have a lot of experience managing money since they were small and their parents teach their children to save and invest because they have money and knowledge, while poor people don't have that privilege, they can only eat every day. should be grateful. Reach people have already been developed so it is easy for them to become in creating weath the more. The rich people because of their rich background they can be giving good amount of loans anywhere for their business but the poor people don't get opportunities like this . The poor can struggle for years to gather money to start up business, and when the business is formed it also involve money to be pump in to make the business stand and grow. The problem of the poor man is accessibility of money to developed the project or business he wants, while the rich man always has access to loans for business and other businesses to become more rich. Imagine poor people struggling with their daily foods and having a hard time getting them; how much more if they will invest into business? How can they start? That's the most difficult thing to do, which is why others will say the rich will get richer and the poor will get poorer, as they will focus more on how they survive the day without food and, also, because their mindset right now is always about what they will eat the next day. The only thing that can make them improve their lives is someone who will help them. |
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For sure, it was only done at the casino that he is working for, but we don't know if others do it too. There is a possibility that they are doing it as they have control over their system, and again, gambling is a business, so anyone wants to gain profit, and it involves money. Reviews and opinions from other gamblers play a big factor in this also because we can make sure that the platform we are playing on is fair, but again, gambling is for entertainment; just bet what you can afford to lose.
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