When economic conditions are difficult, they will immediately look back at themselves for wasting time and money on pleasures that they later admit to being useless. Our lives have billions of individual and collective problems, and it's a different story when we have a sense of how to live meaningfully. I can see that a lot of people are wasting their time and money, but when bigotry, delusion and greed cloud their understanding, helping them get it wrong takes time. And they need to experience more things in life to realize those mistakes, even if you or someone well-intentioned advises them, but if they don't agree, they will still ignore them. So let's try to stay positive and change the negative things around so that people can recognize those mistakes.
Definitely but given how they've been at that lifestyle for a really long time, I think it's safe to say that they're not going to regret any of it, it's not really a big deal whether they spend their money or time on things we think is a waste, the thing that matters to them the most is that they've enjoyed it. They definitely will be experiencing financial setbacks but given how they can keep this lifestyle for so long, they can probably bounce back soon. |
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if you look at what has been going through a long time ago, it is very true that even though the risk is still there, it all comes back to yourself to decide on this risk, learning to understand many things before investing is very important so you don't make mistakes that result in losses. actually losses in investing do not only occur because of choosing the wrong place to invest but instead the losses we ourselves make because of the mistakes we made. You're not getting my point, no matter what you do in investing, even if you know the risks to a T it's never a guarantee that you won't be failing. Risk isn't something you can control, if that was the case anyone would do it, maybe there's the prediction that it can happen but that's a different thing. |
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I think that's one of the good addictions a people can have. The other examples would be reading books, studying math, learning new languages etc... It is much better to get addicted to investing instead of spending your money on the worthless crap, At least your addiction is about making even more money your assets will make you rich in the future. Tbh I am one of those addicts and I couldn't be happier about it. I invest and in return my investments make me even more money so I can invest even more. winwin
No such thing as good addiction, an activity becomes an addiction when it hinders your function, your obligations and your living and if investing does this to you then nothing good will come out of it. How you spend your money is subjective imo, a book might be a worthless crap to you or someone but for the person that has bought it, it might be a life changing purchase. |
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If we want to invest, the most important thing we must understand is that all types of investments have risks, the higher the opportunity for profit, the greater the chance for loss, especially since bitcoin is very volatile, in a day it has dropped more than 15%, and in 2022 drop of more than 60%, so by knowing the risks we can do the best things, for example when to buy.
We also have to remember that not all risky investment is guaranteed to have a high return, most of them ends up in losses even with bitcoin especially if you are prone to panic selling just because the prices are lower than your initial entry. People glamorize risk too much thinking that if we do it, there's a reward waiting when there's no guarantee and life isn't fair to just reward your risk taking maneuver. |
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Purchase your food in large quantities and freeze it if you have a freezer. If you live near a river, consider taking up fishing so you can avoid paying for food at the store. Move to a rural community and frequent the farmers market if you can't afford the cost of living in an urban area. You can find cheaper goods there. Join food organizations that, at the end of the month, provide their members a large amount of food. Another unconventional way to cut food costs which is crazy is to not have a large household - instead of 5 kids just have two.
That's too idealistic, it works but it's idealistic nonetheless. Have you been on a tight budget before? Because if you do then you would know that you're going to need to spend it wisely and balance it towards bills and other necessary stuff like hygiene products. Regarding the fishing part, not everyone can fish and not everyone lives in a clean body of water that has fish in it. Moving to a rural community might be counterproductive because there's less jobs there or if you still work in the city then you will spend more on transportation be it money or time. The unconventional way should be getting a vasectomy or not having kids at all and save money as much as you can. |
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I think that if the housing market finally crashes in the US, we might be able to call it a recession, there's a decline in GDP, consumer spending, the impending abandonment of USD as reserve currency by BRICS and then the credits are already tightening, US is on the verge of an economic recession if they're not already there.
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So far, I have collaborated with many other people, and some of these collaborations have ended badly, and some are still ongoing. However, in the end these people are not using the money as well as possible for business, but also for their needs. Of course the biggest fear when working with someone is when that person is not trusted. it destroys trust, friendships, and other good things that have been built up over the years. well, so, if I do cooperation with other people, then I might limit the funds that I will give. no one knows what will happen in the future.
Look for signs, test them in the most subtle ways, you will eventually know who is that person because you're seeing the signs. It definitely is difficult to find someone you can trust but never ever stop being a good person, they broke your trust but that doesn't mean that you won't trust someone ever again. |
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If she doesn't have the financing and she plans to treat it like a side hustle then she's probably not going to break even and she should consider saving money from her job salary little by little to then try to make the loan much smaller as much as possible. The experience part though, she has risk doing it even if all she hears about it are from second-hand experience.
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You hate risk but then want to invest 80% of your savings? Kind of hypocritical statement if you ask me, if you're someone that's scared of risk, shouldn't you be showing a bit of conservative percentage on your investment? Investment is risky, I don't think there's no legitimate investment that's not risky, if it's not risky then it's too good to be true and we all know what that if anything is too good to be true, it probably is, so why not take the risk and hope for the best OP?
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Aren't they the country that has a free healthcare and college? I think I've heard that about Argentina before, they're inflation is constantly rising. Hopefully they find a way to not remove that free healthcare and college despite the constanty rise in inflation in the country. |
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Money rules the world because most people who make up society will not want to perform one function or another without some kind of incentive. And money is the universal incentive. As a result, people become slaves to money (by money I mean any means of exchange). At one time they tried to build communism, but the mass of people are not willing to work for high ideas rather than incentives.
Another problem I want to point out with communism is that most of them are dictatorships so corruption is rife among the leading party and they emphasize on freedom restriction so it was bound to fail. To be honest, I think communism would work but on only small groups where the incentive to not divert to a different idea is big. Money rules the world because we let money became the center of our lives, not to mention that greed and hunger for power is a human nature that's been nurtured for millenia so it's foundation is pretty sturdy and it's not going to be broken anytime soon, money or any form of incentive that has no intrinsic value will still probably play a role even in our extinction. |
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Even though it was late still it's a brilliant futuristic idea of replacing dollar by other currencies for global trade. Because of dollar only so far all nations are suffering economically. Finally people outside NATO states will have sign, free from one sided dollar repression, sanction financial and military harmony.
This also means that USD will not control the global market anymore, not to mention that when USD weakens, bitcoin will definitely go up and I am sure that a lot of us would want that to happen. My only fear with this is that China and Russia is leading this and it's definitely going to be bad for some Asian countries that aren't Chinese or Russian friendly. |
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Once the people know and feel the effects of decentralization, they will support it but right now that there's few discussion that's layman friendly, I think this kind of stuff is still out of their mind. No need to worry though as the people are easily persuaded especially if they can benefit from it greatly.
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The winner would be the CEO of those companies that supply weapons, maybe the country that is supporting from behind the scenes will have their interests taken care of during and after the war. Imo these two are the only real winners in war, the best example to visualize the real beneficiary of war is probably the main antagonist in Far Cry 2, the Jackal a war profiteer.
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👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.
I would disagree here in the part that credit card isn't helpful, if you can actually use it wisely and pay your dues in the due time, you can actually get a lot out of it, doesn't some credit cards have free travel miles when you use them? Plus, using your credit card wisely makes your credit score more amicable to banks if you are asking for a loan. Totally agree with staying from debit though, it's your money while credit card isn't your money that you're spending. |
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The other reason is probably for vacation maybe some buy their drugs there since it's cheaper as you're much closer to the source. It's kind of out of touch of you OP to say that you see USA as a perfect country when there's an abundance of information about the issues that they're facing especially the medical costs in USA, it's been a staple in memes and ridicule so I don't know how you didn't piece it together.
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I totally agree with you but I think that we should put that lesson somewhere along the age of 12-18 years old because the concept of corruption is complex and young underdeveloped minds might not be able to handle the complexities, to be honest I think that we should focus more on morality, behavior, ethics and individuality, with a strong moral and ethical foundation, even if they don't know the complexities of corruption, their conscience will be a big stop gap.
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Account selling is prohibited iirc, investment is a luxury that not a lot can afford, imo if they see selling their accounts as a way to make money instead of just using it themselves to get themselves campaigns then let them be, it's not like they are keeping up a sustainable income, they will eventually get tired especially with the vigilance of the veteran forum users against accounts with questionable background.
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Sri Lanka doesn't have any choice because they're don't have anything left except their monkeys, so China will ask anything they want.
I thought monkey was one of endangered animal, it's ridiculous why this trade is legal considering there's no clear usage what China will do with those monkeys.
China will keep demanding what Sri Lanka have in order to pay their debt, the worst case Sri Lanka will sell their country.
They do have a choice but it won't be good for those in power, the people who are at the top in Sri Lanka should be removed because they're corrupt and they've sold some of their lands to China already by being part of the Belt and Road Initiative. Not to mention, those monkeys will probably become an invasive species in China unless they plan to keep it in zoo or eat them. |
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Yes, having a second job or business can definitely increase anyone's financial stability by providing an additional source of income that definitely takes time, effort, and money. I think it is very important to weigh the potential benefits against the risks before making a decision. Diversifying your income streams can be a smart move to ensure financial stability and having a solid financial plan that includes saving, investing and managing debt. I think it's always wise to prepare for the worst while hoping for the best in any economic climate.
A second job that's full-time isn't the best way to go to financial stability, pretty sure that no one in this world are relentless and inexhaustible so it's almost close to impossible to do that kind of stuff maybe some can do it but the problem with that is they're slowly burning away their lifespan, they may not know it yet but it will catch up someday. My rule of thumb when it comes to this kind of stuff is make sure that you're second or third source of income shouldn't be as exhausting as your main job, a human needs to live and not just exist. |
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