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761  Economy / Economics / Re: The future of Farming. on: October 11, 2023, 11:45:20 AM
Land has been one of the factor affecting farming system in my area, in area the want of land has been increasing, no land but we have labourers. And also the sale of land is very expensive so not everyone can afford buying a land, both in rural and urban center suffers from this.
But you didn't mention the major factor affecting agriculture, in my country the major factor affecting agriculture is flooding. This flood comes every year and destroys peoples crop and food and destroys poultry farm, and the sales of food becomes expensive
It's true that rates of land are getting higher these days, at least it is the same in the country I live in. Farmers are either forced to sell their lands due to the high maintenance fee they need and land taxes or they resort to borrowing money from either the bank or someone rich (who most likely takes advantage of them, there has been a lot of news regarding this). Additionally, I agree with you regarding problems that are brought about by natural disasters that cause issues regarding crops and the lands. While governments may offer help and assistance to farmers when such an event happens, we cannot ignore the big loss it causes not only to the profit of the farmers but also to the supply we need.
762  Economy / Economics / Re: Marriage mean double your passive income, rental property mean double your passi on: October 11, 2023, 11:24:13 AM
Just like we think about our future rich people also think about their childrens future. Its not like that they have their children relationships with everyone,but they always prefer relationships between their rich people. I have seen many people who have married people who are richer than them and they are living their lives in luxury because of these rich people. So there is no harm in having relationships with rich people to make yourself financially stable. For those who adapt themselves to all kinds of situations, there is no problem in marrying such people. So in my opinion, if there is an opportunity, it should be taken.
Rich people always prepare their children to be more successful than them and most importantly they have access to make their children more successful, although sometimes not all rich people's children are able to follow their parents. Marrying someone who is much richer than us will have a bad social impact, a different life and an environment that is not the same will make us feel uncomfortable with these conditions. It takes balance to achieve happiness in the household, money or possessions are not a benchmark for someone to reach the stage of happiness and be able to live in peace.

There are many people who marry people who are richer than themselves and end up in divorce because the man has no self-esteem because his wife's family has a lot of money. At this level I think marriage must have a balance between the two and if one of them is unable to accept the differences and shortcomings then eventually the relationship ends.
First of all, I agree with you regarding rich people ensuring that their legacy continues with their kids. They have various different reasons as to why they are ensuring the future wealth of their heir (some for selfish greed while others for actual care and concern for their kids' future) there is no doubt that rich parents want to make sure that their wealth lasts for years and years of different generations. However, I do not agree with you regarding the conflict of marrying someone who has a higher economic class than us. While it may be true that it will cause social impact and possible effects due to the changes on both us and our partners, conflicts like this can happen even if we marry someone of the same economic status as us as we are merging with their world. There is no such thing as complete balance when it comes to relationships, one day we will be the ones to fill what is lacking, and some days it will be the complete opposite. There will always be someone who is getting more and someone giving more.
763  Economy / Economics / Re: You can't meet all your needs/desires at once, even if you spend all your salary on: October 11, 2023, 09:49:53 AM
Most of the well earners that are still enjoying their adulthood don't still prioritize investment because they prefer to clubbing, drinking with friends, partying, and other easy go lucky activities, because they are thinking that they only live once, and they can afford it, they can earn it again.

They don't care about their future, the backfire of their activities that don't secure themselves in the future, no savings, no emergency funds, just flexing their salary through social medias and by treating their friends every single time.
Such a person has no plans for his future and he only enjoys the moment when he receives money from whatever it is including parental gifts because he thinks he is rich easier to get even without working, but this will lead to regret later.

This person will be happy at the beginning will be tragic at the end because they do not prepare anything for an emergency fund let alone prioritize investment, it is clear that they will not think about it, this is only some people who do not care, maybe because of the lack of financial advice from those closest to them.

Not all rich people are the same, they will definitely think about the future if they have long-term thoughts and plans during their lifetime and now prioritize their investments.
I'm not sure if any of you are familiar with the term "one day millionaire", but for those who don't know what that means it basically refers to an individual or people who spends whatever money they have or earn for a single day or a short period of time. They are basically those who just spends and spends until nothing more is left, and are slave to their desires. These type of people are the ones who often regrets their decisions and actions after some time, once they finally realized just what they wasted.

Shocking part is these people can either be rich individuals or those who are just average earners.
764  Economy / Economics / Re: What US can do with its dept? Genuine question. on: October 11, 2023, 08:43:33 AM
The United States is a power country, no matter how big the debt is they will be fine. Various smaller countries borrows money all the time, it's nothing new. Besides, what they mostly do is pay off the debt that was possibly due after 10-20 years then borrow again to use it to make more money like investments and projects. As for the situation of the United States, perhaps they will do exactly what they did during the COVID-19 pandemic-- print more money and let their currency take a bit of hit. Will it affect them? Sure, but will it cause their downfall? Certainly not. Hence, if we're talking about huge debt and just how bad it might get for a country we should discuss about developing countries instead of a power country like the United States.
765  Economy / Gambling discussion / Re: Why do you not gamble on women sports? (tennis not included) on: October 10, 2023, 11:58:36 PM
The main reason is I don't watch that much women sports. I know women can excel in a lot of sports and are sometimes better than men when it comes to certain categories, but it just isn't my cup of tea. If it's something like motorsports then sure, I'll watch them race in blazing speeds across different tracks, but for your regular sports like football, basketball, and the likes? You'll be sure that I'm not one bit interested in something like that - even in Men's sports, too.
766  Economy / Gambling discussion / Re: Not keeping records makes me a bad gambler? on: October 10, 2023, 11:48:35 PM
I don't keep a detailed record of such, but I do keep a record of how much money is going out of my wallets every time I gamble or bet on something. It's something that is important more than keeping track of your win/loss IMO. You will be aware of what's happening with your money if you know how much is going towards leisure and 'fun' activities compared to what you really need to live day by day. Not keeping a record of things doesn't make you a bad gambler, it just makes your financial moves bad because you are not making informed decisions by missing a lot of details.
767  Economy / Gambling discussion / Re: Relying on gamble wins is dangerous to mental health on: October 10, 2023, 11:28:35 PM
People shouldn't really be counting the chicks before they hatch. I guess your friend has already made some plans for the prize that he's 'supposed' to receive, that's why his reaction went like that. Had he not made the allocations and budgeting in his head when his initial legs on the parlay were winning, he wouldn't have suffered that much IMO. I mean, everyone will be kicking the air after a missed x2500 return on their stake, but it's still something that isn't yours to begin with unless you have won every leg so why suffer that much?
768  Local / Pilipinas / Re: Dapat ba na bayaran ang tax ng campaign earnings etc. on: October 10, 2023, 06:52:27 PM
No, since hinde pa naman regulated si cryptocurrency sa bansa naten and that’s why we still have the freedom from paying any taxes. Though better not to declared this at all with your banks kase baka mas lalo silang manghinala at baka maclose pa ang account mo kase ang tingin paren nila sa crypto earnings are red flag.

Ang ibang mga banko ang sama ng tingin nila sa cryptocurrency, pero kung tutuusin sila yung parang lumalabas na masama dahil any moment pwede nilang ihold yung perang pinagkatiwala lang sa kanila at pag once na sinarado nila yung account ng kanilang client ay lumalabas na legal silang nagnakaw ng pera na nagtiwala sa kanila.

napaka-unfair, diba? Kaya aqu honestly speaking wala akong tiwala sa banko, maliban lang s gcash apps ay maya apps yan lang talaga ginagamit ko sa ngayon sa totoo lang para makapagconvert ng profit ko dito sa cryptocurrency.
Although agree ako sayo tungkol sa pagtitiwala sa bangko, nawala na rin tiwala ko sa gcash lalo na sa nangyayare lately. Ang daming mga gcash users ang nawalan ng pera after ng system maintenance nila. Kung mapapansin ang daming nagpost tungkol sa sudden transactions sa accounts nila at libo-libong pera ang nawala, so far wala pang sagot ang gcash patungkol dito. Sa pagkakaalam ko din hindi ito ang unang beses na nangyari ito. Kaya naman ngayon Maya muna ginagamit pati na rin GoTyme. Hirap na magtiwala ngayon, bigla nalang nawawalan ng pera ang mga accounts kahit gano tayo ka-secure.
769  Bitcoin / Bitcoin Discussion / Re: My bitcoin journey has started again on: October 10, 2023, 05:40:24 PM
Congratulations! I 100% agree with you that learning through actual practice is necessary to actually learn. While of course there is always a significant importance in reading and knowing the facts before making a decision and action, actually getting to move and take those actions is just as necessary. Moreover, since you have used the term "again" I'll assume that you used to have former Bitcoin investments and decided to step back before. Regardless of the reason as to what led to that end, I'm glad you are able to find a new reason and the drive to go back and continue your journey. Perhaps with your new knowledge from the information you read and found while taking a break, you'll be able to access your decisions and actions more accurately and smartly. Kudos to you OP, hoping for your success.
770  Economy / Economics / Re: Is academic pursues enough to get incomes? on: October 10, 2023, 04:33:34 PM
The technique is to increase educational backgrounds and degrees through continuous studies and masterals and even doctorate programs.
But there are programs that are looking for more experience than of these certifications. However with certifications, that only proves that you're competent and has got the fundamentals and foundation knowledge of the actual skillset you're learning.

I doubt there are that many job positions looking for more qualifications than a doctorate - that basically proves you are an expert in that field.

Besides, academic success is not required to get a good income, you can get by without it - look at all of these Silicon Valley founders for example with a vision and a plan to act on it.
I agree with you, academic success is not required but is it a good background and foundation? Absolutely. Academic success gives individuals the foundation they need to have the confidence to apply or venture to a field they are interested in. We have to remember that the world, whenever we look at it, is full of opportunities that are not only laid out for us but for anyone seeking to improve and be successful in life; hence, competition is constant. Academic success allows us to have a good advantage in such competitions. For example, in businesses, an individual who has a formal educational background on the product or services they are offering is more likely to have more clients than those who don't as clients have the confidence to rely on those who are able to attain formal educations than those who do not. As cruel and unfair as it is, that's how more scenarios go.
771  Economy / Economics / Re: Marriage mean double your passive income, rental property mean double your passi on: October 10, 2023, 04:03:47 PM
"First rental property would fund your travel expense
Second rental fund your sport car
Third rental fund your private jet
Fourth rental fund your yacht
Fifth rental fund your private island
... and so on"

Going blind into rental properties isn't the answer. You have to consider a number of things before you waste your money on a house.
if only its all that rainbow with rental properties, the truth is, as a landlord someone would also need to think to mantain building if they rented a house to someone.
also the fact that there's no guarantee there's gonna be someone renting our house if we have the property. there are so many people with the same thoughts process, the only benefit is if we become landlord in a country with unaffordable housings like what happened in canada then it will be beneficial. because the economics seem to side on the landlords.
otherwise, despite the profit, sometime, there's just many problems needs to be solved.
I was waiting for someone to mention this and there you finally are. I completely agree with you regarding this and perhaps OP forgot this part of rental properties and reality in general. No business or investment goes well without effort and maintenance. Earning a lot of property means higher taxes, bigger responsibility, and a lot more money needed for the maintenance of each house or rental property. Perhaps this is why a lot of rental properties are now transitioning to short-term rentals or even Airbnb, the maintenance can be too much as tenants move in and out frequently which in turn guarantees lesser wear and tear on the property.

Nevertheless, it is obvious that OP is only focusing on the excessive positive side of rental properties and has lost ground on reality.
772  Economy / Economics / Re: You can't meet all your needs/desires at once, even if you spend all your salary on: October 10, 2023, 03:39:07 PM
I started to listen to a lot of financial podcasts and It did help me a lot in my finances, It is pretty common to see even though we have a good-paying job but still it isn't enough ever we do about it it feels like we need a higher salary or needed a raise. Time that you have a lower salary you could easily budget that money but now that you have a higher salary it just isn't enough anymore, just because we just tend to let our lifestyle increase as well so that budget increases as well when our salary increases. There was just no limits to our desires and wants, if you already buy something for sure you're gonna want something again, so you just gonna need to balance your want, and always take note of your expenses and budget.

The thing to do here is just dont buy anything that you can't really afford, if you have a salary of 10k$ then dont buy something that is half of that something like that or more that than, if you buy something that is half of that there is some room for you to recover since next month you're going to earn it, but if you're going to buy something that is more than that your life is just going to be difficult. If you really want to buy something budget your salary you that you already have a limit on what you can spend in a month and if you want to increase that find other sources of income.

One of the things that I do to easily invest is I invest probably 40-50% of my income, yes it's a big percentage because why not?
One of the best ways to become financially literate is to listen to financial podcasts. Indeed, isn't it true? Sometimes, even with a well-paying job, it seems insufficient. We spend more money than we make. Really, isn't it a cycle? Our lives and expenses grow along with our salaries. Many people frequently fall into this trap

It's a great idea that you don't buy things that you can't afford. Spending half or more of your $10k salary on a single item can put a burden on your finances. The key is to budget. It is the basis for stable finances. Investing 40–50% of your earnings as well? That is admirable. Yes, that's a risky approach, but why not give it a shot if it works? Making our money work for us is the ultimate goal, after all. Is our money controlling us, or are we controlling it? is the true question
First off, I agree with you. Listening to financial podcasts and just generally podcasts about lifestyle helps a lot. I used to think that I'd just be wasting my time listening to random people talk about things I probably already know or am aware of. However, these past few months I decided to give it a shot after randomly seeing a podcast ad on social media that was talking about financial literacy and the importance of budgeting. Glad to say that I've been learning a lot and have gained knowledge about various things I can apply and improve towards my financial decisions.

Secondly, I agree with you, that's the main question we all should be asking ourselves no matter how big or small our income is. Perhaps by answering that question, we will be able to have a clearer mind as to what changes we should do and what things we should start adopting to our financial system.
773  Economy / Economics / Re: Ideas without action: An overview of a successful entrepreneur and a dreamer. on: October 10, 2023, 03:18:16 PM
In this day and age, to be a successful businessperson, you need to be prepared for all the circumstances you will face and be patient in all aspects of your life. You will have all the patience you need to succeed. Success is hard earned; it's not easy to get, that's the truth.

It's hard for someone who just daydreams but doesn't do anything to achieve what they want in life, so it's said that if you think big and go get it whatever it takes, don't do your best.
Maybe it's just me, but I believe that if you want success, you need to have network before anything else. Anyone who has a huge network would have a better chance to handle it, and anyone who has a network that owes you a favor then would do a lot better as well. Just get a bigger amount of connections by helping people who need less help then you.

Some billion dollar guy would not need anything from you normally, but if you do help them, they will be a lot more helpful to you in the future. I am not saying finding those are easy, but always look for the people you can connect with. I used to go to start up talks where rich startup founders talked, while everyone was talking to those people and telling their ideas to get funded, you know what I did? I said thanks for coming in, and went straight to the guy who organizes these things and talked with him, why? Because I could help him, and make him owe me a favor. Find your level, and connect.

Trust me, you're not the only one who thinks of it like that. I'm sure a lot of us understand just how important having connections can be in ensuring success, especially those who have experienced working with other people from various career roles and paths. Primarily, I used to think there was no point in opening my circle to other people, specifically to those who are outside the industry I am a part of or focusing on. However, eventually, I learned that every industry and role are connected in some way and there are various circumstances wherein a task or a project would've been easier if there was a person we could ask for help or advice from who is knowledgeable on a department that is foreign to us.

Building connections or our network may seem pointless at the start, but trust me it will be something that everyone of us will need in the long run.
774  Economy / Economics / Re: If They Can Pay off their Debts, Why Don't They? on: October 10, 2023, 08:37:09 AM
We will of course think that the country will easily pay off the debt, but if we enter the government which regulates finances then this is not easy, the state has of course made a daily to annual income and expenditure plan, and the debt is of course already included in that calculation so that if If you want to pay off debt, you have to take another budget, which is certainly not easy.
everything was already planned for long term, the government have so many experts at financial that I don't think every decision they make is a sudden decision, even taking up on a loan from another country usually also brings many benefits.
its just how macroeconomy works, so many things goes forth and some goes back, its all about suiting to the country's needs.
in other words, so many decision are being made with so many considerations in which also consider the well being of the country's economy not just out of speculation.
I think that should already be a give. A country's debt is a very serious matter and there are obviously a lot of things to consider, including where the money will go, why it is needed, how much, and where will get the debt from. Although it may seem like some decisions are too sudden for us citizens and we'll just suddenly be informed through news articles and posts online about the decisions and acts of our countries' respective governments, we should be aware that in reality those decisions and actions took a lot of time and long discussions between various sectors of the government and government officials before they come up with the end result that reaches our radar. To put it simply, we get the end product or the already summarized version hence the feeling of things seeming like they are too rushed or out of nowhere.
775  Economy / Economics / Re: Fast Transportation Makes Economic Turnover Faster on: October 10, 2023, 08:16:59 AM
Providers of public transportation services or public transportation that operate more broadly have also started to become more numerous now so those who are engaged in service providers must also be referred to as business people because they have profitable opportunities and opportunities in terms of delivering and distributing goods to various regions and remote areas. And this will continue to create continuity between business owners and transportation service providers because they basically need each other for business.
Transportation is very important for every country to exist. If transportation of anything stopped, the will be disturbed. Any country revenue depends on transportation, we cannot ignore this because when goods are carried to another prices of goods change. For example if apple is transported to one province to another province, when apples are provided, prices will go low . And the area which provides apples, it will get a cash and their revenue will increase. In this way, they can buy anything by this asset.No doubt, pollution will occur but we are available on this platform to discuss about impact of transportation.
There is no doubt that transportation has made the trading of goods easier and faster. As further developments are done regarding the various transportation systems of different countries, it cannot be denied that it has also helped to develop the trading system and phase of commerce. Aside from that, transportation has made life easier for individuals, whether that be to travel to and from various places in shorter timeframes or send and receive goods and services faster and more conveniently. In fact, due to the various advantages and effects transportation has brought to us researches and studies regarding further developments of transportation systems are nonstop in hopes that more benefits are derived by everyone.
776  Bitcoin / Bitcoin Discussion / Re: What encouraged your continuity in Bitcoin investment and Bitcointalk forum? on: October 09, 2023, 05:59:10 PM
Anwering your question regarding what makes me stay on this forum.

The answer is actually simple, the forum keeps me updated and on the loop of any events and news regarding Bitcoin that helps me understand things better and improve my decision-making process with my holdings and investments. As someone who have a job that takes up most of my time having one place that I can visit and have all the information I need and catch up on is very convinient. Moreover, I take engaging in discussions about various topics as a leisure during my free time as it not only keeps me entertained but it also allows me to learn in a fun way with other people.
777  Bitcoin / Bitcoin Discussion / Re: I want to fulfill my mother's dream of building a house with Bitcoin. on: October 09, 2023, 05:46:16 PM
There is nothing wrong with having crazy ambitions in life OP. And if you work hard with dedication then you are going to achieve your dreams. With regards to your plan to trade, start small so you can test if your skills are indeed enough. Test yourself if you are ready including how to deal with your emotions which is usually the reason traders lose money.

And by the way, as mentioned in some comments here, I am also curious about what happened to your quail business. I noticed you haven't made a single response to the topics you created including this one. It was inspirational but you should engage yourself in the topics you created.
You're right. Testing the waters is always a smart thing to do as it gives us the idea of what to improve and what to give up. Although some may not believe it, the reality is there are paths that do not fit or work for us. However, that shouldn't necessarily be taken as a negative thing as it also means that there are paths made just for us or it perfectly fits our skills. Sometimes those paths don't are not even part of our initial plan but they eventually make their way on our radar. Nevertheless, there is of course no reason not to try things for the sake of knowing and experience, just ensure that we are prepared for risks and are sure of our decisions and actions as we are solely responsible for those.

Crazy ambitions are only crazy for those who choose to not believe in the posibility of a person. Perhaps one day OP will prove those who have doubts, but it is also never a wrong move to take some of the criticism and opinions into consideration as OP countinues with their plan and journey.

778  Economy / Economics / Re: Marriage mean double your passive income, rental property mean double your passi on: October 09, 2023, 05:31:06 PM
Marrying for financial gain ignores the importance of love and companionship, which can lead to disappointment. Comparing marriage to home ownership simplifies their distinct values. For a more happy existence, it is critical to value real connections above money exploitation and to combine financial objectives with personal contentment.
Looking into the Financial aspect chateria in marriage does not mean one is just focusing on money alone.  Apart from love their ate other things people desire in marriage like respect, some physical qualities which can be beauty or handsomeness and other  things and I don't think if one puts Finance as a desire in marriage I don't see it to be bad and it doesn't mean their is no love too. Everyone wants a good life and if people will choose Financial stability as one of their requirements in marriage or getting a partner their is nothing wrong about it, we all know what we want.
Outside of the original post, I generally agree with you. Marriage these days shouldn't be compared to back then when everything is about love. These days we have to use both our mind and heart. Despite needing feelings and emotional connection with the significant other to maintain commitment and a harmoinous relationship, we cannot ignore the fact that we also require or look for other things. Moreover, these days with the state of the economy and just how important financial stability is, it isn't bad for an individual to look for a significant other who either have an already established financial stability or is already on the way there as it ensures them that they will have a good future together, including their future family. Being a gold digger and being practical have a distinct line that separates them from each other.
779  Economy / Economics / Re: How do you manage your finances and family if your income is low range? on: October 09, 2023, 05:08:41 PM
One of my major concerns first is to pay all the possible debts because you can't repeat seeking money to other people if they didn't pay those debts, I consider this as one of the important, next is to have the daily needs, and bills so you don't need to check it every time if you paid on time most of us right now these is a must so you don't need to forget it included this are the food and clothes for the remaining is the savings and needs its ideal if the savings is higher than needs this save you up for your emergency funds, I know not all people have this possible routine and afraid to take a risk to find another job or sideline but this is life there's no luck on it, better to make more strategy than you don't eat for a whole day. Also, the government can't already cater to the number of people seeking financial assistance. One another burden part is you are the eldest among siblings you are the responsible for your families needs too so you need to grind more than before unlike you are alone living.
Many people can relate to what you have said including myself. I do listing of all my needs and expenses to keep on track with every amount of money that was spend. Excluding to buy the unnecessary things and focus only to the needs likes food, rent, utilities, vitamins, emergency fund and savings. For utilities, I always try to keep the use to minimum. If unused, better to unplug the appliances.

Trying to have another source of income for instances or if ever there's unexpected thing that happen would be better. This is to avoid having debts that will make our life even harder as having debts really destroy how we manage our finances in a monthly basis.


Same here! I always keep track of all the expenses I had during the week, I also ensure to keep track of every cent I gain to ensure that I am informed of just how much I can allocate for the week's food and utilities needed. Additionally, I also started meal planning so I have a general idea of what ingredients I'll be needing to buy and just how much I can spend on food. Takeouts can only be done once a week, either Saturday or Sunday as a reward for my long week of working (I usually go for the cheapest fastfoods I can find). Although some may think that it takes a lot of effort and time to list down everything, the effort is worth it for me as it keeps me on track with my budget.

I also agree with you with finding additional source of income as you can never go wrong with that as long as it is legal.
780  Economy / Economics / Re: Early Retirement [Pros and Cons] on: October 09, 2023, 04:47:28 PM
I feel like the word retirement has a totally different meaning in the 21st century. I doubt anyone actuals "retires" anymore, it more like financial freedom to just pursue what you want, when you want.

I'd happily "retire" onto a nice plot of land and fix up old cars, it'll be hard work but I'll be doing what I want knowing I've already secured my financial freedom.

Just my 2 cents  Grin
That's true. I think the term retirement is just different now compared to before when retirement is actually finally giving up the long time work cause age has caught up and the limit has been reached. It was more of a finished line that everyone would eventually reach and it'll be the end of the career path every individual have. However, today, retirement means finally being free from the 9-5 job and having the financial stability needed to finally have the freedom to do what we are passionate about and not worry about how much we'll make at the end of the day cause that's already taken care of; it doesn't matter if we choose to start our own business, go on vacation around the world, or even take on a job that people will look down on because of the low salary because it doesn't matter.
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