Planning to avoid unnecessary expenses I believe that what triggers on people to run into expenses is high test of life because when you have a high test of life you will spend more than your invitation at the more than your income so they are for many people does not plan or strategize for their daily expensive so at least as salary person you have to make sure that you engage yourself into something that will not consume much of your money before the month run off
To learn how to avoid unnecessary expenses, you must first have a strong enough will, because temptations are waiting for us at every step. It is also necessary to learn how to plan expenditures clearly, and to be able to stick to the plan. Although always the unexpected finds us, unfortunately, so it is necessary to have some reserves, and not to live "without brakes" |
|
|
|
Some people kick against someone taking loan to invest in cryptocurrency I've not been a wise idea or why decision but from the way I am seeing taking loan to invest in Bitcoin I do see it as a wise idea because the money used for the investment can bring up another money so I don't support that decision of some people go decline or reject someone who borrowed money to invest for Bitcoin
Still, it is worth bearing in mind that bitcoin is a fairly long-term investment. And credit has a very unpleasant property - as soon as you take a loan, you begin to accrue interest, to pay which you need to find money somewhere. Accordingly, the profit made from investing in bitcoin must cover the interest paid. |
|
|
|
|
What is a job? It is something that brings in, first of all, an income. That's why you can't call day traders unemployed. Of course, this job is connected with big risks - but that's the peculiarity of this job (if things are not going well, then you have to find additional sources to cover expenses (or, simply put, penalties for not studying the source of income enough). However, if you follow risk management, and get a sufficient level of knowledge - you can get a good income.
|
|
|
|
Yes, saving could take a long time but it’s actually the process of saving, you have to start it early the moment you are earning, and throughout the years of saving, you will eventually make a huge amount in your account. But I believe if you save for a certain goal, the more you will become motivated to save because your savings will have it’s certain direction. So regardless if you are wealthy or not, as long as you are capable to save your spare money, then better take some time for saving, and maybe you can invest a portion of your savings later on.
Unfortunately, just saving money now is not an option - inflation is rising quite rapidly. Also, bank interest rates cannot be called a reliable insurance against inflation, since the offers of banks are often ridiculous. So we have to make money work, and look for where to invest it properly. |
|
|
|
Because of inflation, fiat currency almost always loses value, causing our meager savings to be insufficient to purchase goods or pay our bills.
I understand how you feel, OP, because it is not easy to be in such a situation, especially when a small amount of money cannot pay bills due to the high cost of leaving.
That is why Bitcoin investment is a solution to such problems; when one invests in Bitcoin, he is guaranteed to make profit, especially during a bull run, which is the best way to save.
Investments in bitcoin are characterized by a long payback period. That's why I personally would not recommend the author of the topic investing in bitcoin as one of the best options. Moreover, the growth of bitcoin value now does not keep up with the rate of inflation |
|
|
|
having a lot of money today will make you have a lot of friends and everyone will follow you with what you say and do. but when you no longer have a lot of money then maybe they will stay away from you. this is the law of life that happens.
therefore in my opinion, manage well the money you have and use your finances wisely. Following that lifestyle only costs money, spend what you need, don't follow too big a desire.
money should not be put at the top of the list. You can't buy real friends with money, and the health spent earning money is very difficult to restore. Life for money is clearly not what we were born for. Money is a pretty big evil. But you realize that only with time. |
|
|
|
|
Yes, I share the fears of Musk and the others, but the whole question is how realistically they can stop the development of artificial intelligence. After all, there is no legal framework, no established penalties. So far it all looks like an act of hypocrisy, nothing more.
|
|
|
|
|
First you need to understand why the business is unprofitable. If a niche or place of doing business is unsuccessfully chosen, then it must be hidden immediately, despite the initial costs and illusory hopes. To continue the business only because of ambition or because it is a pity for the supposed invested money is stupid enough
|
|
|
|
|
The main mistake of a beginner, in my opinion, is that a beginner starts trading cryptocurrency without thoroughly studying the project it refers to, without analyzing social networks, without checking who is behind the project. Charts can be deceptive.
|
|
|
|
|
As I think kids sooner or later will still want to try their hand at trading, so if you can, it is better to tell them about all the pros and cons, so they will make fewer mistakes if they ever want to trade. Who knows, maybe trading is their calling.
|
|
|
|
As developers said, IAGON multisender dApp, the first bulk sender on Cardano with wallet connection, is almost ready for public release soon! And devlopers want to invite users to test invoicing feature in pre-prod version. more information here - https://twitter.com/IagonOfficial/status/1641891527176736785 |
|
|
|
In my opinion capitalism destroys morals and social values, capitalism does not care about the poor who should be helped, the poor are marginalized and even killed if they are no longer productive or can no longer be used, it is time for the state to protect the public interest by abolishing the capitalist system.
Capitalism, in my opinion, can also have a human face. Now the governments of various countries are trying to change the laws, to make them closer to ordinary people. They understand that the old policy has reached a dead end, and they are trying to do a certain reset |
|
|
|
Personally, I would HODL until 2024 or until the next fork happens. Historically, every time a fork happens, the price of BTC in the market skyrockets. This could be an opportunity for me to maximize my BTCs instead of selling them now despite having an increase on its price in the past few weeks.
Note that the bullran, which usually occurs after halving bitoin, may not happen. Maybe it is now that we are witnessing the beginning of the main bullrun. Halving will have less and less impact each time, since most of the coins are already mined |
|
|
|
|
I think we need to consider that there could always be a new pandemic, and we need to think not about how we survived, but how we will survive under similar conditions. We have to think about our source of income, and our behavior. Otherwise, circumstances could already be worse than they were in 2020.
|
|
|
|
Ferrum Network has entered into a multifacited partnership with ChainGPT, an AI platform focused on delivering powerful AI solutions for the crypto and blockchain industry. ChainGPT offers a wide range of AI-powered services, including blockchain analytics, AI trading, smart-contract development, AI auditing, risk management, and crypto news. more information - https://twitter.com/FerrumNetwork/status/1641147534344060928 |
|
|
|
|
When money comes easily, it goes easily. When money comes hard, it becomes more appreciated and used wisely. Maybe that's why we are given this period, so that we can learn to evaluate our spending. And so that we can learn risk management in all aspects of life, not just in trading?
|
|
|
|
|
Generally speaking, emotions are what make us act. If we lived without emotion, we would get bored very quickly. Emotions in trade may not be a good thing, but emotions lead us to, for example, accidentally discover a new plan of action. And we can always set up a trading bot.
|
|
|
|
It is difficult to say definitively whether cryptocurrency will replace physical money and become the primary form of payment in everyday life. Cryptocurrency has seen tremendous growth in recent years, but it still faces a number of technological, regulatory, and legal hurdles that could prevent it from becoming a mainstream payment method there are still millions of people around the world who are unfamiliar with the technology behind cryptocurrencies, and who may not be willing to adopt it as a form of payment. Until these issues are addressed, it is unlikely that cryptocurrency will replace traditional forms of payment anytime soon
For cryptocurrency to replace fiat money, it requires, first of all, the willful decision of the government. It is worth considering that the government wants to always control everything, so you should not expect great freedom in the introduction of the state cryptocurrency. So I don't think there will ever be a full replacement. |
|
|
|
AI is something incredible, moreover, with more advanced AI that is developed, that will be more than we think. Those who are working ith AI directly may know what will happen exactly if AI is always developed and can be developing themselves, what kind of replacement will be in this world, replacing most jobs with humans to do something?
Of course, every new technology will have its pros and cons. AI of course will have many advantages, being so advanced with the technology, easing to do and finish many things more efficiently and effective, and can do something new much faster than what humans can do.
Even though this has big advantages, there will be always some cons to it. This may affect many things, especially humans itself. Imagine if many things have been done by AI, so it will also decrease the use of humans in working or doing something. And probably there are many more disadvantages.
So, this may how they including Elon Musk have warned us about AI, but still creating and developing. To warn us about the possibilities.
Artificial Intelligence leads to a reduced need for manpower - fewer managers, support staff, bank clerks, workers, and so on are needed. There are more and more people, and fewer and fewer jobs. This is the paradox of the times. It is frightening to imagine what will happen in ten years' time with the rapid development of artificial intelligence. |
|
|
|
|
Show Posts
