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1
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Economy / Economics / Re: Everything is over priced but people keep spending
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on: March 20, 2024, 05:41:04 AM
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Inflation has the upper hand. The amount it’ll cost you to purchase something about 10 years ago isn’t the same as what it will cost today. However, that doesn’t mean that people will stop purchasing that thing. It doesn’t matter how much the cost of things increase, people will still eat out for their respective reasons which could because they don’t have the time to cook or even the skill. But it shouldn’t be surprising that the cost of living is getting higher.
10 years ago, one could live comfortably, everything was actually value low and things were very affordable for the common man but currently, I don't think so due to inflation. In our present state, there are objectives we can't omit because they're just necessary. Everything is actually value high in our present days, I'm currently running in some good research and it clearly stated out how complex things have turn out to be, very expensive and we can't stop purchasing them because they're important for our well-being as human. Yeah right, almost everything is now expensive. Even candy or a bottle of water is already heavy in the pocket but we keep buying because it is one of the things we need in life. It's the same today, even though the goods are expensive, we keep buying because we have no choice. Today, everyone really only works to buy the necessities of life, and sometimes they can't do other things that are also important to do like saving and investing, they don't think about that anymore because the what's important to them is that they have the needs of everyday life. |
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2
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Economy / Economics / Re: Why Bitcoin is the only crypto you should BUY
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on: March 20, 2024, 05:17:16 AM
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Perhaps it is not right to disparage all alt-coins. Some alt-coins make you a lot of profit. As Bitcoin is the best cryptocurrency, comparing alt-coins with Bitcoin is not fair. Decentralization system is it's main basis.If you want to get more profit from bitcoin, you have to invest and hold for long term.
In fact, it is not worth comparing Bitcoin with altcoins, because our main goal in holding crypto is to make a profit. You are right, some potential altcoins can also provide maximum profits and can even be more than Bitcoin. It just depends on how much we have invested. If there are a lot of them, that can certainly happen. Indeed, the risk is also considered that Bitcoin, with a very small risk compared to the altcoins that we know, is still suddenly worthless. Yes, I agree that if you want to get maximum results, then keep Bitcoin in the long term. It will definitely come true. We should also not compare the value movement of altcoins to bitcoin because no matter which angle we look at, they still follow the value movement of the mother coin which is bitcoin. As you mentioned, some altcoins can be exceeded the price of BTC, so it's up to you where you want to invest. If you want to make a lot of money here in crypto, there are many different ways to make a profit here, it can be via signature campaign, investment and trading so it's up to you which one you are better at. |
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3
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Economy / Economics / Re: What class of an investor are you?
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on: March 13, 2024, 08:12:51 AM
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I am none of these three investors maybe because I start investing when I have money and stop investing when I don't have money. Currently I am continuing my investment only in Bitcoin and I have no intention of investing in other coins. I am a small investor who started my investment journey not too long ago but I am constantly investing in Bitcoin DCA method according to my ability. I have a dream you can call a wish that I will invest in Bitcoin and become a big investor one day maybe in the future. OP If I were to consider myself in terms of the investor category, I think I would be one of the new investors you mentioned. Same here, I can't see myself or even a small trait of mine in the choices mentioned. Like you, I also only invest once I have an idea for something and of course if I have money to invest and BTC is the only investment I hold here in crypto, Others say that I need to diversify my investments which I hold but I prefer to stick to btc and the rest is in real estate. |
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4
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Economy / Economics / Re: Saving don't make wealth
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on: March 13, 2024, 07:32:36 AM
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Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is 'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
Let discuss this guys..
No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
the decision to either save or invest depends solely on how much you have. There are amount you will have that can't go well with investing and might even look foolish if you're trying to do so. You can save to invest later and it might be one of the best way to relate saving and investing. If you have a project of $500 you need to execute within one month and your earning per week is around $200. You can't make investment with your extra income in such scenario. What you need do is to save of an amount that could easily accumulate into the desired $500 at the end of the month. If you invest the money I to Bitcoin hoping to sell back at the end of the month, you can't really tell what will happen at the end month knowing that it could possibly happen that Bitcoin is gaining or loosing and because you wouldn't want to gamble with the reality that awaits you at the end of the month, its only best you save up and shun any form of investment that's short termed and wouldn't give you the desired peace of mind you're looking for. Making investment should come in at the stage you're looking out for a five to ten year interval of time and that's when you are talking about long term investments that's aimed at creating wealth. Savings can only be an option when you have a short term project you are pursuing. To get benefits from any investment, you must be willing to wait for a very long period of time, usually a year or more. This is to say, savings is short term while investment is for the future. Many people fail financially because they save when they are supposed to invest and get good returns from their investment and invest when they are supposed to just save to accomplish a specific project at that time. Yeah, that's right. Savings are only for short-term needs like monthly expenses and some emergency funds where we can easily get the money we have saved, but when it comes to savings, don't expect the money you save to grow because if it is in your bank deposited, the earned interest they give is very low. it's not like an investment that has a short or long term called, wherein your money will grow but you can't just get it because mostly with investments, there is time period when you can get your money or what they called "dividends". |
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5
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Other / Off-topic / Re: Keeping your gambling habit a secret.
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on: March 10, 2024, 12:36:28 AM
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However, although gambling addicts are usually terrible, there are many people today who are irresponsibly gambling only and are destroying their families and society. Because gambling usually leads people to ruin but there are many gamblers out there gambling for fun. A man I know who ruined his family by gambling and sold lots of land is now a carefree single. He roams the streets and is now a fugitive in debt due to his gambling losses, so gambling is generally good as well as bad but not addictive.
Gamble and don't be an addictive one because it will definitely ruined one's reputation in the system. We're not gods but humans in the real world, moreover we can be taking extra bold steps in making sure we start earning from the system with appropriate means, I'm talking about tremendous winnings. Why expose your gambling activities when you can be milking the system in mute phase. I'm just here to gather the extra change I can be able to lay my hands on and never doubt the act of losing heavily in the system. I think this depends on human nature itself because sometimes there are people who are addicted to gambling places, but they can control that feeling and keep their addiction a secret from gambling places. At least gambling places can be used to find pleasure, even though they have a system that cannot guarantee profits for the players. Or maybe they want to hide their activity because they have a judgemental family members or friends who always critisize them once they knew that they are doing gambling activity. you know? it can't be avoided especially nowadays, usually our elderly relatives are the ones who can judge us too much but once they are the ones who need financial help, they will also come to you. |
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6
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Economy / Economics / Re: When luxury becomes a necessity.
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on: March 08, 2024, 02:12:36 PM
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I do not care to pay for quality and if it is something that I can use to generate a income with.
Let's take your vehicle as an example... You need a reliable mode of transport to get to work.. not something that will fail to start every morning when you have to go to work, so for that reason I will pay more for a more reliable car.
I think when it comes to necessity, one should go for high quality so that you can take the utmost advantage from the item, and you can use it for its purpose to where it suits best. However, there are high quality items that are not that expensive and ultimately luxurious for us. As long as it can be reliable to aid in your job, and productivity won’t be compromised, then there’s no reason to go for the most expensive one. But honestly, one should not go to the cheapest item as well as for sure its sustainability and quality will be at risk. You don’t want to waste your time and money aiming for the cheapest one and after days or months, the item can no longer serve you anymore. it's up to you how you look for high quality products that offer a cheap price to save more. If you ask me, I would also prefer to invest in good and high quality products because I am sure that I can use them for a long time, unlike the ones with the price but after you buy it, there will be problems and the worse will be broken immediately, and when it's broken, you need to have it repaired or replaced. If you calculate the costs you spent on repairing the damaged item compared to the price of an item that's a bit pricey but in good quality, the price of both of them is not too far apart. |
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7
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Economy / Economics / Re: How can it be possible coping with one source of income
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on: March 05, 2024, 09:24:29 AM
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Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done
please your advice will be of help
It's natural for people to be more wise and proper in budgeting money especially if it's just the right income, unlike other people who when their income increases, they also increase their expenses instead of focusing the money on investment and savings. It depends on the situation how you can save even if you only have one source of income, try to be frugal and try the budget planning strategy that writes all bills and expenses in a planner to make it easier for you to manage your salary. it worked for me so try it and maybe it will have an effect on you too. I find it easier to budget now because of the help of that strategy. |
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8
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Economy / Economics / Re: Reckless financial decision ?
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on: March 05, 2024, 09:09:48 AM
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Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.
What other reckless financial decision do you know or have heard of?
It depends on your own decision, as you said, he is an artist so it is possible that he has many other projects, offers and other promotions with a large income, We cannot say that the artist's situation is a reckless financial decision because he is really rich, It's not like if it was offered to a normal person and then it was not accepted, that's when I can only say that it was a reckless decision because you let go of the opportunity that was coming to you, knowing that you are not rich and the money will be big as long as you stay away from the vices that you have. |
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9
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Bitcoin / Bitcoin Discussion / Re: Bitcoin proven many times holders won't regret
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on: March 02, 2024, 12:10:02 AM
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Right. Bitcoin's like the OG survivor, bouncing back from crashes and teaching us some lessons. But not all altcoins are on the same recovery train. Diversifying your crypto stash could save you from a rollercoaster ride and the key takeaway is learn from Bitcoin's wild moves and stay savvy in the crypto game
Facts! not all altcoins are able to keep up with the recovery like what is happening with bitcoin, the others completely lost their value and were just ignored that's why we can really say that bitcoin is the only really strong coin, for what else and it is called the mother of altcoins . The movement of the value of altcoins is also based on the value of bitcoin, so it should be led by bitcoin. |
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10
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Economy / Economics / Re: Money is never enough!
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on: March 01, 2024, 11:57:41 PM
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One of the strangest things I have noticed about humans is how we never stop being greedy. It is something we consciously or unconsciously drown ourselves in. Sometimes I sit and wonder why the richest people in the world want to make more money. I mean why not just make use of the one you have, it’ll last for all your generations. The person you speak of got drowned in greed. He didn’t even have enough funds to purse political power but he wanted it so badly and couldn’t wait till his business can stand the loss.
The problem and what people don't understand, is that people are just looking for ways to earn money and will not say that greed is the problem. The economy is making things worse, and greediness is bad but people just want a good life and to survive and that is why you see people going into gambling. My reason for gambling is to make additional money because I need to survive and it might not seriously be gambling but at least an additional job will do. I am still wondering how people will survive when they do not have any source of income, and that is why I don't blame people who gamble and I don't blame people who gamble. But one thing I know is that we are going to survive. well, what you said is correct, also because of the dire situation of our economy that makes a person develop extreme greed, because they also want to earn a lot so they can save money just in case the inflation rate of their country continues to rise. Why does a person become greedy? because that's how money affects everyone, that's why many people kill or do bad things just for money. |
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11
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Other / Off-topic / Re: Everything you need is within you
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on: February 27, 2024, 10:23:38 PM
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You don't really need to go the 360 degrees to be successful in life for everything you need is just within you.its not until you also do the same business the next successful person is doing before you gain financial freedom.the part way to success is not fixed you could discover yours.
Some persons close their long term built businesses to sought for a bigger one and end up losing both instead of making the one they are well acquainted with larger and better.
Stop crossing other people's lane and stop looking outwardly for everything we ever needed is just within.
Opportunities are all around us but it's left for us to see it as an opportunity and make use of it. One good step that is proportional to one good opportunity could lift one to a greater height. just look around, the solutions to your problems are just lying by the corner.
I agree with some of your points, mate. While it's true that we possess certain qualities within ourselves that contribute to success, it's equally important to acknowledge that we often need to seek knowledge and insights from others to truly excel in life. No one exists in isolation. we all depend on the wisdom, guidance, and support of those around us.You may believe that you have the drive and ambition necessary for success, including a hunger for knowledge, a desire for wealth, and a commitment to achieving your goals consistently. Well, you should to recognize that success is not solely a solitary pursuit.It often involves collaborating with others, learning from their experiences, and leveraging their expertise to navigate challenges and seize opportunities. Regarding your second point, I must express my reservations about the notion of shutting down a business entirely in pursuit of greater success. While it may seem tempting to focus solely on one venture, the reality is that success often stems from diversification and adaptability. Many accomplished individuals you see today are not only entrepreneurs but also investors in various enterprises. They understand the value of exploring different avenues and supporting the endeavors of others. while self reliance seems to be a nice idea most times, it's better to remain open to the contributions and support of others on the journey toward success. Collaboration, mentorship, and collective effort often pave the way for greater achievements in life. Yes but when I mean all is within it includes the books and ideas. If I should mean one doesn't need the other to succeed then am not telling the truth. We learn everyday and is from other people's Ideas/errors. No man is an iland. well you're right, most of what we know comes from different people's views especially when we were studying, everything stated in the books we read came from the ideas of other people before they become successful, so we have to accept that not everything comes from us. |
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12
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Economy / Economics / Re: How is it possible to say there is no money in the bank
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on: February 26, 2024, 09:46:47 PM
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You are very right! banks aren't keeping to the sweet words they say in their search for customers, imagine cutting huge sums from your account for maintenance, electronic charges while still debiting you for each transaction, still yet getting physical access to your money becomes a problem.
Got a problem with than recently, It took me a 3 weeks just to have an access in my online banking account. I was the one walking and was disturbed because I had to call the landline and they were not satisfied, they still wanted me to go to the physical bank for signatures even though the nearest branch of the bank was very far from us. He is a hassle so what I did was I diversified even if it was just a savings account |
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13
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Economy / Economics / Re: If being a graduate is the key to being wealthy, why are there poor graduates?
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on: February 24, 2024, 08:49:19 AM
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Well it's not basically about being educated or graduating with the best grades that makes you wealthy, it's about determination, being consistent and also persistent cause success and wealth are not achieved in one day or immediately after graduating. In as much as you have good grades, you must still improve your skills, not only job skills, marketing or management skills but your critical thinking and problem solving skills.
That's true, There's a lot college graduates in many countries but still not that wealthy because thay didn't have a chance to explore and can show their talent. sometimes they just accept a job that is not suitable for the course they completed, there are many college graduates who if you look at it, why are they not progressing in life? it's also because of the companies that pay low wages but give a lot of workload, which is also underpaid. |
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14
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Other / Politics & Society / Re: Coping with expectations
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on: February 24, 2024, 03:52:08 AM
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How then do I mange the expectation of people on me such that i don't get into depression when I'm unable to meet up with it.?
It's almost like everyone knows you're going to succeed but don't even care about what you're passing through while you're striving to make them proud.
One thing that you must do is just don't mind them, I know that's easy for me to say this but believe me, I've been in that situation and it really kills me whenever I think that I didn't accomplish yet all the things that people expect me to do. I overcome that situation when I started to set aside all the negative comments and pressure because I want to do things on my own timeline, not just because of others expectation. The more you pressure yourself, The more you didn't accomplish everything that you want to have. |
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15
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Economy / Economics / Re: Isn't it all about money?
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on: February 22, 2024, 09:13:28 AM
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What's the essence of all the hustle and bustle and learning and reading and keeping all the sleepless night? Isn't it all about money?
What if I don't want to go through all these process, don't care if I'm a graduate or not or if I'm good at speaking good English or not buth I'm just focused on how to make the money and end up making the money, won't the end justify the means?
I sometimes feel that some of these ideal process that has been accepted by the majority of the people in the society as a part to be taken to greatness is too complex. I mean, we can just learn how to read and write and focus on how to make money. Those who want to become engineers can choose to do so but those that don't want to pass through those route shouldn't be seen as less of a person because at the end of the day, it's mostly all about money.
You know the answer to your question. Of course, everything that people do is to make money. It's easy to say that you don't have to follow that process to be successful in Life or get rich but you'll definitely see the importance of following the process correctly when you're in the situation, some people think, because they didn't finish school, they'll be like other aspiring individuals who have been successful even if they decided not to finish their college, But as we can see, everyone has their differences and ability in life. We have our own path to take. |
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16
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Economy / Economics / Re: A course worth studying ?
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on: February 20, 2024, 08:55:54 AM
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~
Everything depends on the desires and potential that exist within oneself. As the OP said, we have the same opportunity to be able to advise/give advice to others on things that are worth learning. STEM courses are also very good and there are many choices that can be taken according to your desires and abilities, but my advice is that the difficult thing to find is your potential, so it is important to explore this first. Of course, that goes without saying that you should go for what you like to do and not what the others tell you to take but I'm giving OP at the least the knowledge that STEM will always be a big industry because innovation in technology doesn't stop because it's parallel with the progress of humanity after all. It's important to explore but there should come a time that OP needs to decide what path to take. The course you will take in your studies is not the basis for moving up in life, but you are right, the STEM strand is also good, especially if the career path you want to take is more on innovation, programming and mathematics, Especially now that almost everyone is in the digital and marketing world, jobs related to the strand you suggested to OP are in deman, but as you said, the decision is still OP's, it's better for him to get advice from other people, but he needs to weigh what course he really wants to take. |
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17
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Economy / Economics / Re: I went London i have questions now the wealthy life there
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on: February 19, 2024, 04:11:45 AM
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My question is are people actually that rich or they just to like to show off ?
You may be just changing the ambiance and how life in London is, depending on the limited city you have been to and for sure it is still tourist spots. The cities in each country live differently, there is a so-called rich city which is very far from their lifestyle compared to those in the province are, although United kingdom is in the top richest country, we know that the cost of living there is not just the typical cost of living in other country and they will need to work at least 1-2 jobs to cover their expenses. London is also known for its high fashion brands and styles, I have a few friends who are currently living in London and after months of living there, they changed a lot, like extravagant and elegant changes because they have to align their dress code and lifestyle in the city they live in. |
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18
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Economy / Economics / Re: Save money today so money would save you tomorrow.
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on: February 18, 2024, 11:20:14 AM
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Where do you hide it? In the bank, for example!
Do not save your money, but rather secure it by investing it in projects, no matter how small or large. The important thing is that investment doubles your money, but saving keeps it as it is.
As a matter of fact, it is not advisable to save a large amount in the bank unless the purpose of your depositing money in them is savings & investment type. The interest you get from the money you put in the bank is very low, so it's okay to save there if it's for an emergency fund or monthly expenses. It's even better if you can find an investment with a good return and can double up your initial money that you've invest, you can take a risk for that. |
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19
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Economy / Economics / Re: Quitting Smoking Has Two Big Benefits.
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on: February 17, 2024, 12:11:44 PM
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I truly despise smoking, drugs, alcohol etc, but it's easy to see why so many people around the world are addicted to them. They truly do help steer you away from the day to day stress of this crazy competitive world.
Everyone are aware of the perks of quitting smoking, but only some have the willpower to actually go through with it.
That's true, because that's what helps them get rid of stress, especially those who work at night, most of the people I know who are addicted to cigarettes and alcohol are the night shift sched workers. I just can't explain how smoking helps to relieve their stress if it is one of the reasons for developing whatever disease they can get from using it? |
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20
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Economy / Economics / Re: Some persons lacks financial sensibilities
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on: February 16, 2024, 01:36:23 PM
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This is just how awkward and lack of financial sensibilities some women could be who just sits, makes demands and gets what they wanted without having the compassions of how hard it is to make the money's they spends so carelessly.
not all women think like that, but the girlfriend's feelings are reasonable and valid because Valentine's is only once a year, what if even a simple gift is prepared? that has nothing to do with the price or value of what the partner will give, of course girlfriends also want to experience that somehow they are special on Valentine's Day, but then again, not all woman are just like OP's friend's GF, There's still a lot of women out there who thinks practicality over material things. |
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