If you are young or a student then you should definitely focus on your current studies. and can invest small amount of money in bitcoins along with studying. And if you can manage your own expenses by investing in this Bitcoin then it is good for you. and if you are employed then you should work and in free times you can be related to Bitcoin if you want. Quitting your job thinking of investing in Bitcoin will be your biggest mistake. So save some money besides your job and invest in Bitcoin later with the saved money. Only then will your Bitcoin investment remain a future asset.
I am pretty sure that he has finished school and is working, but I think it is a bad idea to quit his current job, especially since he is just about to start focusing on trading. Personally, I might be inclined to work and trade on the side. it could be my only source of income if I maybe have nothing else to do at the moment, and am still looking for a job, or still growing a business. however, if I had a job, I would be trading on the side. it is because trading does not require 24 hours to be noticed. besides that, trading can also be accessed via smartphone, which means you can even do it while working, or taking a break. Just imagine you are working and top of that is you are doing trading which is an extra income, people right now needed those jobs and side hustle to survive so it is really better to make the trading side hustle and not your full time job mostly if you are just starting out as it is not good idea , you'll be needing to learn more and experience more in trading , also you can trade while at work or after your work when you got home , just manage your time well and for sure you'll not regret it. |
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A side job or business of course aims to increase income, I also do side jobs because I have a lot of free time, work in the office 5 days a week of course we still have 2 days, I use it to farm vegetables and earn income on the internet with many things I tried including following the bounty on this forum.
But all off your hardwork like doing all of you hussle are you now financial free ? Because you work a lot and you ain't saying your stressed or you dont have enough sleep because myself i do only have 1 side hustle and full-time job but i dont have enough sleep and been busy all the time but I think its because i do have family now to take care and needed to attend to but I would still day that i dont have financial freedom on my end |
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This is currently happening in many developing countries. I have seen several reports about African countries. Among them, the video of a famous YouTuber named Ruhi Cenet is the most liked. Who usually travels to different countries and brings out some great experiences by traveling to those countries. And one of his videos is about an African country where he shows the living conditions of people who work together as a whole family and earn $0.50-$1 a day. And very few people in that country attend school.
Those people can earn 1$-2$ every day who have a bicycle because they usually get 1$-2$ as remuneration for delivering products by cycling all day. I only think about their lives and imagine myself how they live so hard.
I've also seen a lot of this kind of documentaries, like how it won't even be enough for them, and others will skip meals like the father who doesn't eat breakfast and lunch just to make it enough. That is why we should be thankful for what we have right now because there are a lot of people out there that are struggling. This is really the problem right now; it is more difficult to find a job, and even if you are in education, a lot of new graduates still don't have a job right now, which is why they are forced to find another job that isn't their stack. |
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Interest from loans was their real main income, which included things like having your title to land lent to them, motorcycles, and anything valuable. It seems small on a monthly basis, but if you total it, that is really huge, and it is almost the same price as what you've borrowed; you just didn't notice it. Also, I've noticed that in small banks, they always have easy loans for you that you can avail of easily, as that is their source of income.
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I am not here to convince you, but one of the reasons why other people buy it is because of its price. It is your job as an investor to figure out why, and if you are also ready for consequences, we ain't like those influencers telling you to buy it now as you could be very rich with it. We are here to tell you that it is very stressful, and you could lose it all if you do it with just hype and not doing your own research.
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For those who do not do that - might be lazy and indifferent people and does not know how to manage their funds. Like I always suffer losses in. business - those who do not keep track of finances also suffer
keeping records of financial, shows the discipline of one, I could be sure that everyone who always know to keep records of their financial gain will always have better discipline in spending them carefully without any worry of overspending. they always know their spending capability which didn't disturb their overall business, unlike one that usually didn't even record their gain, they gonna face some difficulties in the future because they don't feel like recording their finance. there has been many cases of someone trying the hard way recalling all their financial gains when they need the data. Keeping the record of the finances is a good thing. And it's very important to have it written. but if you are not good at managing and updating the finances then its surely a difficult situation There are a lot of apps for smart phones right now that can easily track the expenses or profit in your business, unlike before, when it was a traditional one like a log book and it was written, but right now we do have a lot of choices, even there are POS. I also couldn't bear if the business has no records, like how he will file for tax and how they know if the business is running well or not, as you put up a business to have profit, not to lose all of your money. |
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Earning money online is far superior to working at a physical establishment during the day. Although offline is highly appreciated and difficult. Trading is a great approach to find your true self. It will put everything to the test, including your greed, emotions, patience, discipline, how you handle failure, control, common sense, and resolve. I strongly advise anyone who is going through a terrible time in their life to learn to trade since it provides them a clear sense of purpose other than waiting for jobs. So, which is better, online or offline?
Remote work is one of the best opportunities of the 21st century. In the 19th and 20th centuries, people made money by spending 8 to 10 hours a day in a factory or office. However, with the development of modern technology, the situation has changed. Now you can earn money while on the sandy beach with a beautiful girl. To do this, you only need a laptop or smartphone with a large screen. Therefore, learning online activities such as trading is an opportunity that cannot be passed up. and also learning is free it is just people are lazy to learn on it as they want to keep scrolling on social media. Before you cant really go to beach while working , right now anywhere you go as long as you have laptop you can really go to work and enjoy yourself , even others got rich to it. Not just that they can also do it on their phone like trading and all of us has that opportunity it is just a matter of skills we have. |
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I dont notice this as I am using adblocker on my PC but on our TV I haven't seen this ad, only those local commercials that we are getting since that account that was logged in to our TV is for kids so I think this is the case but that is a problem if it will appear in underage like for the kids. Still, for now, I haven't noticed it, what is better is to block the ads on Youtube or buy a premium one if you are bothered by it, as I am also time to time subscribing to it as I feel annoyed sometimes with the ads in YT that are not good for the child.
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There have been many examples when a gambler has no limits when playing gambling to become bankrupt, and that is a lesson for us to always remember that we must apply good management of our finances while playing. I am also a bit of a gambler in that I only play with money that I am prepared to lose. I'm thankful I can suppress my urges when I want to gamble but I don't have extra money to play with. The reason is if I force myself to play it will disrupt my financial flow in the end. So I do my best to control myself when I don't have money to play with.
It's good if we know that gambling is just fun and we don't have to pursue that pleasure to the point of spending a lot of money. And when we realize that we are only playing with money, we are ready to lose and will not chase to win because we know it is not easy to get. And I agree that we must have good self-control to avoid being tempted by the many casino games. We must limit ourselves to gambling so that we are not affected by gambling where we can experience gambling addiction. Will the gambler ever accept the fact that gambling is for fun, I don't think the number of gamblers that have that line of thought is much and we must know how to set the priorities right and by doing so we must learn how to control the phr emotion and never to go above our boundaries. Setting a timer could help, but having self-control helps more since that will have psychological effects on your mindset other than a timer. If you are really starting to get addicted, timers can help, but without self-control, it is still a problem as you continue to gamble, and that is really a huge problem as it is difficult to practice it. That is why others tend to find some hobby as well as keep themselves busy so that they don't have free time and can't think to gamble. But again, if the person has already gotten addicted, there is no way that you can stop him unless you seek professional help to make the gambler go to rehab. |
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Banks are earning big profit from our deposits, they earn bigger than the interest that we get from our deposit because they put a bigger interest rate through thier borrower's or lenders, i think bank is not too far from big whales in crypto they buy or collect coins in dip and they sell in bull and they earn bigger from the holders that sell at loss they are almost the same or what? What dou you think?
They are different. Whales are whales and banks are banks, they are two different entities, the only thing they have in common is that they are related to the economy. When the whales move, the crypto economy can be affected, and so can banks, when they go bankrupt or when the central bank raises interest rates it will affect a country's economy and it can also affect the crypto economy. Moreover, whales usually influence the crypto market significantly more than banks which do not, but if the bank becomes a crypto whale it will be a different story. And many other differences and therefore the two entities are different. They are 2 completely different entities or just 1, we have no proof for that. The whales on the market are mostly also anonymous, and we don't know who they are. I also used to have an idle thought that it could be whales, sharks in the market, it could be the government, the bank... anyone. Because the common need of people is to need money, and they like us, will not be stupid to give up the opportunity to make easy money. Don't believe what we're seeing, banks openly hate bitcoin, but that doesn't mean they don't invest in bitcoin because bitcoin is anonymous. Everything is possible. It is really possible, as we really don't know where the whales are. We don't know if that is a bank, right? As they have that huge amount of money that can do it, as well as the government, everything is possible as we don't know their identity, and that is really bitcoin; it can make you anonymous. Just imagine how their moves can affect the price. But for now, as we noticed, we don't have proof, so they are both different and not the same, making it difficult to compare them as we only have theory and no proof. |
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Bitcoin is digital currency that is being widespread almost all the continent, and some people notice the development of Bitcoin very late, and it enables some people not to invest in Bitcoin in far back 2009 and 2010. Therefore i noticed that teaching children of Bitcoin in early stage and mostly children that is up to ten years and above, inculcating the functions and the importance of Bitcoin in children will make them to develop widely with the knowledge being inculcates with them already. I think that Bitcoin is good to be known from youthful age. I have noticed that assuming so many of us notice the important of Bitcoin in time we would have all be a partial millionaire if I'm not mistaken of being a full millionaire.
Teaching children about Bitcoin is not really a bad idea, since some grown ups don't have that knowledge about Bitcoin, it would be a great idea if "we" impose it on the younger ones. But if you're doing that you know it has to do with money and some children can go to any lent just to get hold of money (by stealing too) have to be careful about that. No knowledge is a waste, since they're children you make sure you make the teaching of Bitcoin to be as a subject like they have in their academics. You can as well help the child by doing some research, by checking out some reputable and untrustworthy sources, it will also help them to know information that are true or false. as long as the children are willing and not against it, as it is really useless if you teach them and they still don't understand it because they are not open to learning it. Why I've noticed in this generation is that they are more into finding money online or they are like wanting to earn money at an early age, ranging from the age of 15 to 17. What I've noticed in them is that they are more eager to learn, which is why this kind of age range is the best age to try to introduce it to them so that they are aware of it and possibly they can earn profit from it. |
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Previously, various social media were used for entertainment or communication with each other, now social media is the only means of livelihood for many people. And many are gaining a lot of popularity in different social media and they are earning huge amount of money every month. There was no payment system on Facebook before but now with the introduction of payment system on Facebook, many content creators are introducing themselves in a new way.
Not only Facebook, YouTube, Tik Tok, Instagram, etc. are popular social media nowadays, people are making money easily. Different content creators are uploading different types of content and by uploading that content they are gaining huge popularity on social media.
they immediately got a celebrity just because of social media which is also a good thing because it helps a lot of people though we've seen the negative aspects on it like there are more fake news , also the content of the video are not child friend or not good but still it helps other people financially, also the old method of advertising are not really working right now as you need to transition online to better known your business, there are a lot of things change this because of the pandemic came. covid brought everything online. business - education - work - grocery and what not Now life is all digital - it has eased the life of a person by making them lazy by making life more comfortable Delivery services are also at their peak right now, as most people don't want to go out; they just want to have delivery to their house. That's how lazy they are, or they just save time and money for them. People really learned that they just stayed at home and could also buy things without getting out. Unlike before, it is not that rampant and we have difficulties buying online, but now people are very literate on it, and even the old have transitioned to it. it has definitely made the life of an average person very easy socail media has made the impact on the life of the person - business - Small business. not just business but also they make themselves business as they are earning from it, like posting videos. A lot of things really happened due to social media, but mostly right now it is either we are just wasting our time to relax on social media or others used it to earn themselves, but still it is good for them as it helped them. Just imagine that without it there are no influencers right now that are giving us advice or, let's say, helping other people. |
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Spending more that what have earned is really a bad habit and bad financial mindsets that's why many people are broke because of it. Being contented and being thrift is not a bad thing and buying unnecessary things should not be priority on times like theses wherein we have a high inflation rates. People should practice more NEEDS than WANTS.
In terms of exceeding from what you can afford to the point where you need to lend or loan just to fill what you want, that's something which will really hurt your finances, it's better to keep yourself away from extra expenses as it will allow you to save some from your salaries, though we really can't generalize how things can happen, some are just doing those extra expenses due to the desire of having material things that they really wanted to own, while for some it's just an emergency thing that they need to spend extra to fill something unexpectedly. The purpose of having a loan should be considered like if its for emergency then its good but if for material things that wont help you then i think it was bad idea and also having a loan is difficult because you really need to pay it monthly or bi weekly which makes more caught of short in your budget and it is really difficult because it has a chain effect that because you caught of short on budget you will now borrow money to others and it still continues until you are hard time paying it off, I've been there that time the only thing that survives me was that extra income and stopped borrowing money. |
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The temptation to spend money nowadays is very easy, when we leave the house the temptation to shop or buy is very strong, malls are made even better and more attractive with very beautiful sellers, automotive or apartment marketing is very creative because they use beautiful women which makes it difficult for men to refuse, the temptation that often makes our finances mess up.
Well I can't deny this one. this is what most people are the biggest obstacle to. i.e. they even spend money on things they didn't plan for before. because the strong temptation of various products or anything today always makes us interested (has high attractiveness). And some people find it hard to avoid it. So often our financial planning becomes irregular. And to overcome that I think it's about a strong commitment that we have to instill in ourselves. having clear goals to achieve might help us stay focused and not be tempted by other things we encounter along the way. Indeed, we should concentrate on our goal. Buying anything you want right now and achieving financial freedom in the near future are two very different things, things things that are mutually exclusive, I would say. Expensive things that are proposed to you by some "beautiful sellers" shouldn't be a temptation for you at all. All your expenses should revolve around your main goal - achieving your financial freedom. Without this set of mind you will hardly achieve it. So true. But avoiding the temptations that come to us is sometimes quite difficult to avoid. But yeah, building commitment and focusing on goals can strengthen us to remain unobtrusive and on the right track, namely to get to the financial freedom that we have planned. I hope all of us here who are struggling to get to financial freedom can stay strong not to be tempted to spend money outside of our financial plans. I hope so too, but this is one of the reasons why no one can achieve financial freedom: either they are impulsive buyers or, like me, they have a low income, which no matter how hard we try, is still not enough. Even if we limit our spending, we are still caught short by our income. I hope soon that I can get a high-salary job or run a successful business, but for now, what I really want is to pay my debts so that I can ease my burden. |
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This is why the new norm is work from home. People are sick of the 9-5 jobs in cubicles where they basically do something online which they can easily do at home.
Hence they work from home and enjoy spending more time with families. Many businesses ended the work from home options and people just quit and found a job elsewhere because they liked that life style.
Who wants to be stuck in traffic for 1 hour then work 9 to 5 and be stuck in traffic for another hour and come home at 6pm.
It is really better to work from home, but again, this depends on the situation. Right now, comparing it to my past job, it is more stressful; it is mentally exhausting, and you know that is more bad than being physically exhausted because, physically, you can just sleep it off for 2 days and it's gone. Being mentally exhausted because of the stress brought to you by your boss is very different. That is really what I've noticed from a physical to an online workspace, but still, it is an advantage if you think about it, but you can't really say that it is easier online as it is more difficult for my end as they are monitoring your doings online unlike in an office set up that you can relax around. |
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I've never had refs myself, but I heard that it's not "waste of time", as you put it. In fact you don't waste any time, do you? The whole thing works on the background without your interference. I remember a funny case on freebitco.in, when a guy won the main prize in the weekly lottery without buying tickets, or even playing on the site during the week. He just got 1 ticket from his ref and won with that single ticket.
I think the reason why he said referral bonus is waste of time because he push yourself to much in order to attract people to sign up under his referral link. Usually this people will DM each user one by one, it's time consuming even though you're just copy paste your template text. It's different with someone who already have a lot followers in their social medias, they only need to create one post and pin it, their followers will see and might likely sign under their refs. He'd better try to calm himself down by not forcing people to sign up under his referral link. He should also know that people's decision to join through his referral link is based on his analysis or investigation of the casino so that people can find out if that casino is what he is looking for or if he should keep looking for other casinos. His job is just to spread his referral link through his social media or website or in other forums and then, he has to wait or not even think much about how many people will register under his referral link. Just let it flow because he can get new members to sign up under his referral link if he is lucky. I think it's really a good advice for OP. Normally, the more you push the more people don't want to follow you, or register under your ref link and stuff like that. Aggressive advertisement works the other way round usually. So, one should be careful with that. When I've seen someone have those referral links and I can see that the way he introduces it is not that humble, I would usually not sign up under his links, and most people right now are doing this, like if they saw a referral link, they would usually go direct to the website, not under them. It is really not working now as people are already aware of it as they prefer not to be under someone else or they just want those referrers to earn. |
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Here in our country the online casino is rampant and most of the gamblers who participated in the online casinos here had their bank accounts compromised that were used to transact money into an online casino platform and it was discovered in the investigation that there was a phishing link that Most of them used an ATM or bank account, so the more the credit card, the higher the risk.
Ive heard this also which their declaration of this is true as it is somewhat can be declared as phishing , what most of the people noticed is that most of those people who tried those casino and linked their online banking they saw that all of them lose their money. I am just glad that time that i haven't played on that casino as for sure my funds will also been taken by then , whats worse right now is that they are blaming those banking platform even if its their own fault. |
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We should use spare money to invest because the potential to earn higher returns can give us than simply keeping the money in a savings account. The opportunity to diversify your portfolio and spread your risk across different investments. The ability to build wealth over time through compounding returns. Investing spare money have the potential to generate passive income through dividends or interest payments. It can use also to achieve long term financial goals like saving for retirement or down payment on home. It can be use to invest also in crypto currency but with your thorough research and knowledge about crypto currencies.
It is better to invest your money than let it sleep in your wallet or under your bed, which is really your point, but it seems true, but it doesn't mean that you now invest it immediately as you are only thinking that it will gain profit than putting it in our own. You should be aware that there are risks involved, so it is best to know if you are willing to invest it and if it loses, are you okay with it? The point is to invest only what you can afford to lose; if you want to risk your idle money, then invest as long as you are aware of all risks. |
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Indeed being able to save is a state of mind, because the more you earn, the more possibilities to spend opens. Sometimes people with small salaries manage to fly on vacation and buy expensive stuff. Maybe they wont save third part of their monthly salary, but definitely they save something each month.
I have been working for many years, and I remember only few cases when I managed to spend more than I have earned. These were emergency situations with health issues, when I had to act quick and borrow money. In every other case I save, but sometimes make large spends on vacation, flat renovation, transport purchase. Such things does not happen every month, they are planned before. So yes, saving each months aint that hard.
People with small salary will be able to save more and spend more, in cases where their expenses are less. On the other hand, I have seen some of the high earners struggling to balance their monthly budget, because of sky-rocketing medical expenses and home loan EMIs. So different people may have different ways to deal with it. And also, it need to be seen whether saving money is a good idea with the current inflation rates touching two digits. Stock markets and bank deposits now offer returns considerably lower than the inflation rate. That totally depends un your expenses if you are a sensible Spender you can save some of your income but if you are an extravagant spender you can't do anything about it . And you are right the more the rich the more overspending habit they have and middle class tend to spend less and cautiously because they know if they are going to be careless about finances they can end up broke by end of month. I just also recall that before my salary is too small i can say that it is enough on me but now when it was way more bigger than my previous salary we always caught of short i think this because of the inflation and also over time when we do have bigger salary our spending would be also bigger like before we wont be eating on restaurant but now as you have bigger salary you will now it their which means that you do have intended budget on it. I think I understand you, but you have to know that eating outside is not the best way to budget and plan one's life, it should be done once in a while. Even if I have the whole money in this world, I seldom eat outside as such as it's not even my style, and by the end of the month unconsciously I would have saved a whole lot of money. However, no matter how you plan to work with your spending, a good income is the determinant. If the pay is low, it would be hard to save regardless of how much you try to cut spending. This is why it's always good to hustle well or secure a paying job that gives way more than your expenses. I know that it is not healthy, but this kind of bonding with my family and we can eat delicious food doesn't mean that my cook wasn't delicious; it is that the food in restaurants is different from what we cook at home, and some sort of thing. We are happy eating outside the house, though we don't do this regularly, only once a month or if not every other month, as it is expensive. |
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if you mean in terms of investment scope, then that is the right thinking. the more you invest, the more you get. it only works when you invest in the right things. having a main job and many needs is not something that will prevent you from investing. that's why many people say that you need to manage the salary you have so you can insert a few percent to invest. if your investment is successful, you may be able to become a rich man, and have more businesses that earn more income. if you don't have a rich family then start from yourself.
Yes, I think the more you invest, the more money you will get. But if you make a wrong decision, there is a possibility of losing money, so you have to think carefully before investing. But don't think twice before investing for a job. If he invests all his money for the whole month then he will make a big mistake. He has to invest some of his money and it will be better if he uses the remaining money for other purposes. In this way, there is a possibility of becoming rich. Don't put all your eggs in one basket; this really applies to all. No matter how sure you are, you should always diversify your investment. All of his salary was invested in it, which means he has nothing to spend it on now unless he has extra money or he still has no family or kids as he is relying on his parents, but putting it all in one basket is not a good idea. Also, getting rich is not that easy in this kind of investment; you really need not just diversification but also patience, knowledge, and the right timing. |
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