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Author Topic: How good are you at managing your money  (Read 51510 times)
Eodguy149
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July 30, 2016, 02:22:03 AM
 #381

Managing money effectively is definitely a long term thing. Many people are very short sighted when it comes to retirement or financial responsibility and this is the reason that many do not have enough to retire or run into issues when there are unexpected expenses. It's not so much about getting rich as it is about slowly accumulating wealth and passive income. Lately I have been reading a ton about financial independence and retiring early (FIRE) and the path that many individuals follow to get there. While I don't think that I want to retire early, I like the idea of having options. Definitely some interesting reading and I honestly have to say that saving money to buy BTC is what got me interested in saving and thinking about my long term financial future.

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July 30, 2016, 04:40:06 AM
 #382

Managing money effectively is definitely a long term thing. Many people are very short sighted when it comes to retirement or financial responsibility and this is the reason that many do not have enough to retire or run into issues when there are unexpected expenses. It's not so much about getting rich as it is about slowly accumulating wealth and passive income. Lately I have been reading a ton about financial independence and retiring early (FIRE) and the path that many individuals follow to get there. While I don't think that I want to retire early, I like the idea of having options. Definitely some interesting reading and I honestly have to say that saving money to buy BTC is what got me interested in saving and thinking about my long term financial future.
Perhaps you are right, and Bitcoin, is by far the most reliable investment. But I put my money in real estate and continue to invest their money in real estate. For me, this is the most reliable investment. There is another option. This precious metals and diamonds. Even if they were worthless and grandchildren will be interesting toys. Wink
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July 30, 2016, 04:48:28 AM
 #383

I am really really bad Grin I am always asking other people to help me with this stuff and learning from them, maybe someday i will become a good manager.
I think if you're not smart in managing your finances you should be looking for someone like you or your wife to manage your finances. for managing keunangan is the most important thing for you to be rich. I'm sure people are rich because they are smart in storing and collecting their money?

Of course you're right! Most importantly, it does not make money. The most important thing is to preserve and increase capital. There are friends that, after successful transactions, received large sums of money. But not so much vremyani took place, and these people were once again poor.
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July 30, 2016, 04:49:03 AM
 #384

Managing money effectively is definitely a long term thing. Many people are very short sighted when it comes to retirement or financial responsibility and this is the reason that many do not have enough to retire or run into issues when there are unexpected expenses. It's not so much about getting rich as it is about slowly accumulating wealth and passive income. Lately I have been reading a ton about financial independence and retiring early (FIRE) and the path that many individuals follow to get there. While I don't think that I want to retire early, I like the idea of having options. Definitely some interesting reading and I honestly have to say that saving money to buy BTC is what got me interested in saving and thinking about my long term financial future.
Perhaps you are right, and Bitcoin, is by far the most reliable investment. But I put my money in real estate and continue to invest their money in real estate. For me, this is the most reliable investment. There is another option. This precious metals and diamonds. Even if they were worthless and grandchildren will be interesting toys. Wink

You mean gold. Some do it with oil also. But it takes some time ro invest with that and you need a reliable source or someone you know that is an owner of some oil company. Bitcoin is still the faster one when it comes to investing and you are the manager here.

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July 30, 2016, 05:00:07 AM
 #385

Buy only the things that can be useful to me,and not wasting my btc with the things that has no value.
Like what? You need to be specific with your method because things will have no value for you but could have a value for others. Remember that we are unique individual and we have different interest so it differs base on what we like to do or not.

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July 30, 2016, 05:26:34 AM
 #386

Buy only the things that can be useful to me,and not wasting my btc with the things that has no value.
Like what? You need to be specific with your method because things will have no value for you but could have a value for others. Remember that we are unique individual and we have different interest so it differs base on what we like to do or not.

Maybe he don't want to share what is useful to him Cheesy  as you said it maybe not useful to you but useful to him then why bother Cheesy.  About the topic well i can say im not that good in managing money because i haven't tried it yet.  Each time i have my salary, i gave 100% of it to my mom.  And ill just ask for an allowance.

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Leonard2016
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July 30, 2016, 05:47:10 AM
 #387

managing money is one of the hardest things in my opinion. and i have always been strugling with doing it the best way possible.

especially when you are like me, earning little money and you have a lot of expenses, you will have a hard time managing money till the end of the month.


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July 30, 2016, 06:34:57 AM
 #388

Buy only the things that can be useful to me,and not wasting my btc with the things that has no value.
Like what? You need to be specific with your method because things will have no value for you but could have a value for others. Remember that we are unique individual and we have different interest so it differs base on what we like to do or not.

Maybe he don't want to share what is useful to him Cheesy  as you said it maybe not useful to you but useful to him then why bother Cheesy.  About the topic well i can say im not that good in managing money because i haven't tried it yet.  Each time i have my salary, i gave 100% of it to my mom.  And ill just ask for an allowance.
You are a good son brother, the fact that you love your mom I could say that you are also a good husband in the future. Well, since you are just young you also need to learn on how to manage you own money because it is not all the time that you are living with your mom.

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July 30, 2016, 07:24:59 AM
 #389

managing money is one of the hardest things in my opinion. and i have always been strugling with doing it the best way possible.

especially when you are like me, earning little money and you have a lot of expenses, you will have a hard time managing money till the end of the month.

But if you can lessen your expenses you can save money little by little. Not that much but it will get big in the future. You should just buy what you need monthly. Lessen as long as you can to save money. It will be difficult when emergency happens and you don't have savings to spent.
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July 30, 2016, 07:37:03 AM
 #390

im great at managing my money, i never spend it on stuff i really dont need and i always just try to make money with the bitcoins i already have
I think frugal and clever in managing money does not mean you do not buy any merchandise. you may purchase any item you like but you have to be
clever in doing limit to buy the goods. may mean buying but you should know the limit to purchase goods should not be wasteful.
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July 30, 2016, 04:16:31 PM
 #391

im great at managing my money, i never spend it on stuff i really dont need and i always just try to make money with the bitcoins i already have
I think frugal and clever in managing money does not mean you do not buy any merchandise. you may purchase any item you like but you have to be
clever in doing limit to buy the goods. may mean buying but you should know the limit to purchase goods should not be wasteful.

I agree that we should buy what we want and need - we pay our self first for the hardwork. But there is a big catch, the ideal way of buying our wants and needs is using the profits from our investments. If we want something, instead of buying it right away, I would rather use the money to invest in whatever legal investments out there and target a profit that I will gonna use to buy what I want and need.
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July 30, 2016, 04:33:33 PM
 #392

im great at managing my money, i never spend it on stuff i really dont need and i always just try to make money with the bitcoins i already have
I think frugal and clever in managing money does not mean you do not buy any merchandise. you may purchase any item you like but you have to be
clever in doing limit to buy the goods. may mean buying but you should know the limit to purchase goods should not be wasteful.

I agree that we should buy what we want and need - we pay our self first for the hardwork. But there is a big catch, the ideal way of buying our wants and needs is using the profits from our investments. If we want something, instead of buying it right away, I would rather use the money to invest in whatever legal investments out there and target a profit that I will gonna use to buy what I want and need.
Personally I only think that you should pay yourself if that's the kind of person you are; someone who feels like they should be rewarded for their work. Which is fine, and I think that it isn't a bad way to think about things. I just personally don't really feel like buying a lot of things for myself because I sort of value having a number because it is more free and less fleeting than the joy of having a material thing. But that's just my opinion.
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July 30, 2016, 11:34:07 PM
 #393

not so good at all, just from this side I earn and lose to that side. Smiley
I think if you want to save and not suffer losses or losses you should avoid things like gambling or investment scam. I avoid gambling and I'm just
getting bitcoin from a safe method alone. and after that I did not get any defeat. because I was not close to anything risky
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July 31, 2016, 12:34:36 AM
 #394

not so good at all, just from this side I earn and lose to that side. Smiley
I think if you want to save and not suffer losses or losses you should avoid things like gambling or investment scam. I avoid gambling and I'm just
getting bitcoin from a safe method alone. and after that I did not get any defeat. because I was not close to anything risky


Staying away from those investment that has high risk  would be very good. Id rather go to investment which has lesser risk than gambling. Managing your money would  quiet bit harder if youre mind does think many things about spending it or investing it so that you would make more money.

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July 31, 2016, 01:39:17 AM
 #395

not so good at all, just from this side I earn and lose to that side. Smiley
I think if you want to save and not suffer losses or losses you should avoid things like gambling or investment scam. I avoid gambling and I'm just
getting bitcoin from a safe method alone. and after that I did not get any defeat. because I was not close to anything risky

Yes, it is true . if we are not people who take bold decisions so take a safe investment. Do not bet your money on things that are uncertain. save some of the money we have for our capital in the future.

.
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July 31, 2016, 06:52:19 AM
 #396

not so good at all, just from this side I earn and lose to that side. Smiley
I think if you want to save and not suffer losses or losses you should avoid things like gambling or investment scam. I avoid gambling and I'm just
getting bitcoin from a safe method alone. and after that I did not get any defeat. because I was not close to anything risky

Yes, it is true . if we are not people who take bold decisions so take a safe investment. Do not bet your money on things that are uncertain. save some of the money we have for our capital in the future.
Saving for future investment is really advisable because by investing that is our chance to have a comfortable life, we should all aim for that as some people become rich because of investment. We manage our money because we don't want to have problem in the future and be desperate so save now.
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July 31, 2016, 07:03:47 AM
 #397

not so good at all, just from this side I earn and lose to that side. Smiley
I think if you want to save and not suffer losses or losses you should avoid things like gambling or investment scam. I avoid gambling and I'm just
getting bitcoin from a safe method alone. and after that I did not get any defeat. because I was not close to anything risky


Staying away from those investment that has high risk  would be very good. Id rather go to investment which has lesser risk than gambling. Managing your money would  quiet bit harder if youre mind does think many things about spending it or investing it so that you would make more money.

It's tempting to invest in those "investment scam" because imagine that you can earn without doing anything and at the end of the day or at the time that you woke up, your wallet balance go up. We are already aware or has a hint already that it's a scam but still hoping that we can earn from it and get back the money we invested before it will disappear out of the blue. It's just a matter of luck if we invested early on those sites and managed to get back our money on time. As to gambling, it's tempting as well because you can double or triple your money in just a small amount of time but being greedy is the downside of this for one can lose it all with just one bet. Luck should be on your side also.

I experience this two investing and gambling and lose a significant amount of money on it so I learned my lesson and then I turn to safer ways to earn bitcoin. I just need to have patience so that I can manage my money properly.

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July 31, 2016, 07:33:05 AM
 #398

not so good at all, just from this side I earn and lose to that side. Smiley
I think if you want to save and not suffer losses or losses you should avoid things like gambling or investment scam. I avoid gambling and I'm just
getting bitcoin from a safe method alone. and after that I did not get any defeat. because I was not close to anything risky


Staying away from those investment that has high risk  would be very good. Id rather go to investment which has lesser risk than gambling. Managing your money would  quiet bit harder if youre mind does think many things about spending it or investing it so that you would make more money.

It's tempting to invest in those "investment scam" because imagine that you can earn without doing anything and at the end of the day or at the time that you woke up, your wallet balance go up. We are already aware or has a hint already that it's a scam but still hoping that we can earn from it and get back the money we invested before it will disappear out of the blue. It's just a matter of luck if we invested early on those sites and managed to get back our money on time. As to gambling, it's tempting as well because you can double or triple your money in just a small amount of time but being greedy is the downside of this for one can lose it all with just one bet. Luck should be on your side also.

I experience this two investing and gambling and lose a significant amount of money on it so I learned my lesson and then I turn to safer ways to earn bitcoin. I just need to have patience so that I can manage my money properly.
Never consider gambling as an investment if you are just playing against the because chances are you will be disappointed in the end. Sometimes you win in gambling but the big question is how did you manage your winnings if you just spend it as most of the gamblers do then you will still lose in the long run.

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July 31, 2016, 09:09:08 AM
 #399

i am not too good in managing my money. i have no proper management of my income and therefore i have decided to put my all assets in bitcoin, i hope that in this way i will be able to save my money otherwise my wife do not letting me to save the money, all the time she is demanding for some time and do not think about the future, so i have invested my all money in bitcoin because i know that my money will be safe here and it will also give me a good income,
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July 31, 2016, 09:16:46 AM
 #400

i am not too good in managing my money. i have no proper management of my income and therefore i have decided to put my all assets in bitcoin, i hope that in this way i will be able to save my money otherwise my wife do not letting me to save the money, all the time she is demanding for some time and do not think about the future, so i have invested my all money in bitcoin because i know that my money will be safe here and it will also give me a good income,

What if bitcoin drops to 400$ and you need your fiat money immediately? Ever thought about that? Bitcoin is nice and fine for investing a percentage of your money but putting all in? Nope, bad idea. It may rise to 800$ tho, i never believe in fairy tales.

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