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Author Topic: How good are you at managing your money  (Read 51513 times)
chixka000
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November 19, 2016, 01:41:04 PM
 #961


In short, what warren buffet is telling us is to give first to ourselves before others. What it means is that, when we got our salaries or income from business, we don't go spend it automatically, instead, we will create a budget and think of ourselves first by budgeting savings, investment, and the like and what is left is for other peoples hands like buying smartphones which that other people have income of your buy.

Well, that is your point of view. I myself doesn't see that same as you do. I don't think that we should give our self before others, maybe that is how you see it but i think saving most of your amounts does not mean that you care for your self more than others. Because you can still somehow still save 80% of your salary that give 20% to others.
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November 19, 2016, 01:46:00 PM
 #962

I am very bad in managing my money just because of this I have some serious troubles in past now trying to become good but still fail to manage because my greediness kill me but I am not trying to have lesson from these failures but now working hard for this surely hoping for good in near future
if you are not good at doing the financial manage I'm sure that you will find it hard to have much money or it will be difficult to become rich, even if you earn a substantial income even if you do not have a good financial manage then you will be difficult to become rich

Where did you learn english bro? Honestly, can you even communicate? It seems that you are just shuffling words that you somewhat understand around. Oh Hrmmmm, on topic word into a few connector words. make broad opinion then say financial manage because it was in the thread name. if u hav bad finannncial manage u will not become rich. You sound like a poorly programmed bot.
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November 19, 2016, 01:57:51 PM
 #963

my management of money is very simple what ever in trading or sports betting i go with 20% of my daily limit of my bankroll with 5 bets. I split my bitcoins in 20 % and according to that i play daily in sports betting and same way i buy in split and sell in split.

This way my loss is less when comparing all bets
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November 19, 2016, 02:04:34 PM
 #964

While we are all here on this forum to earn one way or another, how well do you manage that money after you've earned it. Do you trade your Bitcoin as fast as you can spending it all in a day or do you save it? I recently got paid for a job I did in programming and i keep finding myself wanting to spend more of that money i made. I have a lot of credit card debt and that is not good. I have destroyed only two ofg my credit cards to which I owe thousands of dollars on.

how do you spend your money?

Buy stuffs that I need only then invest it more often in different sites .trading and then tries to manage it by monitoring it and trying to increase it as much as possible. Though it seems too hard when i wanted to buy somethings thats why i make it to a point that there is not left in my wallet.

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November 19, 2016, 03:25:01 PM
 #965


Buy stuffs that I need only then invest it more often in different sites .trading and then tries to manage it by monitoring it and trying to increase it as much as possible. Though it seems too hard when i wanted to buy somethings thats why i make it to a point that there is not left in my wallet.

Impulse buying is not a maney management habbit. Now, I think i am much better comapred before. I have now recording my expenses, and I do the budgeting. Though its time consuming, but it really work and you can save too since you know where to cut some expenses.

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November 19, 2016, 03:43:26 PM
 #966


Buy stuffs that I need only then invest it more often in different sites .trading and then tries to manage it by monitoring it and trying to increase it as much as possible. Though it seems too hard when i wanted to buy somethings thats why i make it to a point that there is not left in my wallet.

Impulse buying is not a maney management habbit. Now, I think i am much better comapred before. I have now recording my expenses, and I do the budgeting. Though its time consuming, but it really work and you can save too since you know where to cut some expenses.
I'm not too good in managing but budgeting and calculating your expenses can help you to manage your money. before i can not save any of my money because don't have plan to my future.. but a realize how about my future.. so i recoreded same as you that how my expenses happen and why i don't have savings.. and i found a good managing my money and save more in bitcoin to get the benefits.. for now i have my goal to save a lots of bitcoin and start a business someday..
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November 19, 2016, 04:01:23 PM
 #967


Buy stuffs that I need only then invest it more often in different sites .trading and then tries to manage it by monitoring it and trying to increase it as much as possible. Though it seems too hard when i wanted to buy somethings thats why i make it to a point that there is not left in my wallet.

Impulse buying is not a maney management habbit. Now, I think i am much better comapred before. I have now recording my expenses, and I do the budgeting. Though its time consuming, but it really work and you can save too since you know where to cut some expenses.
I'm not too good in managing but budgeting and calculating your expenses can help you to manage your money. before i can not save any of my money because don't have plan to my future.. but a realize how about my future.. so i recoreded same as you that how my expenses happen and why i don't have savings.. and i found a good managing my money and save more in bitcoin to get the benefits.. for now i have my goal to save a lots of bitcoin and start a business someday..
If you have a regular income but work on the Internet for which you receive bitcoin, then even easier to collect savings. Probably true bitcoin currency, which has been preserved to bring good returns in the future. And already with other money to manage as best you can.
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November 19, 2016, 04:20:36 PM
 #968

Best way to manage our money is saving and invest. After I know bitcoin, I was make as best alternative for invest. I sure the price bitcoin can't be stop. Save and hold bitcoin is smart way to invest.

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November 19, 2016, 04:32:50 PM
 #969

Best way to manage our money is saving and invest. After I know bitcoin, I was make as best alternative for invest. I sure the price bitcoin can't be stop. Save and hold bitcoin is smart way to invest.

For sure saving and investing are parts of a good manager of money, but before that there comes the question if can you really manage the money to do these things? Because if you have no discipline on how to manage your money then you will not be able to take out any savings from your salary and that as a result wont make you able to do any investments.
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November 28, 2016, 06:51:12 AM
 #970

Best way to manage our money is saving and invest. After I know bitcoin, I was make as best alternative for invest. I sure the price bitcoin can't be stop. Save and hold bitcoin is smart way to invest.

For sure saving and investing are parts of a good manager of money, but before that there comes the question if can you really manage the money to do these things? Because if you have no discipline on how to manage your money then you will not be able to take out any savings from your salary and that as a result wont make you able to do any investments.
In short you cannot save and invest if you are not good in managing your money, you need to learn how to manage your money first and that's the first step.

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November 28, 2016, 07:01:33 AM
 #971

Best way to manage our money is saving and invest. After I know bitcoin, I was make as best alternative for invest. I sure the price bitcoin can't be stop. Save and hold bitcoin is smart way to invest.

For sure saving and investing are parts of a good manager of money, but before that there comes the question if can you really manage the money to do these things? Because if you have no discipline on how to manage your money then you will not be able to take out any savings from your salary and that as a result wont make you able to do any investments.
In short you cannot save and invest if you are not good in managing your money, you need to learn how to manage your money first and that's the first step.
you don't need to be really good at managing money. you just need bunch of money which is available to be freely used for you anywhere. that's it. and you can make an investment out of it without worrying whether you can keep living in the next day. even if you are really good on managing money doesn't guarantee you can do some investment if you don't really have the money

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November 28, 2016, 07:03:36 AM
 #972

If you have a regular income but work on the Internet for which you receive bitcoin, then even easier to collect savings. Probably true bitcoin currency, which has been preserved to bring good returns in the future. And already with other money to manage as best you can.

Having multiple source of income does not always cut it. Most of the times, the more money you have , the more expenses you will incur. If you do not monitor your expenses, it will be very hard for you to manage your finances.
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November 28, 2016, 11:04:25 AM
 #973

Best way to manage our money is saving and invest. After I know bitcoin, I was make as best alternative for invest. I sure the price bitcoin can't be stop. Save and hold bitcoin is smart way to invest.

For sure saving and investing are parts of a good manager of money, but before that there comes the question if can you really manage the money to do these things? Because if you have no discipline on how to manage your money then you will not be able to take out any savings from your salary and that as a result wont make you able to do any investments.
Everything starts with a goal in mind. If you are to save or invest, you must set a goal for the short term, medium term and long term. If you are going to just save without any goals, you will end up spending a part, or worse, the whole of it. This is based on my experience before that is why I am trying as much as possible to set my goals.
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November 28, 2016, 11:16:19 AM
 #974

Best way to manage our money is saving and invest. After I know bitcoin, I was make as best alternative for invest. I sure the price bitcoin can't be stop. Save and hold bitcoin is smart way to invest.

For sure saving and investing are parts of a good manager of money, but before that there comes the question if can you really manage the money to do these things? Because if you have no discipline on how to manage your money then you will not be able to take out any savings from your salary and that as a result wont make you able to do any investments.
Everything starts with a goal in mind. If you are to save or invest, you must set a goal for the short term, medium term and long term. If you are going to just save without any goals, you will end up spending a part, or worse, the whole of it. This is based on my experience before that is why I am trying as much as possible to set my goals.
I think we should not make goal because it makes our mind very busy to work to get that aim that is set by our mind .
But we need to make our job in best because if we do best than we haven't need to do extra and forcefully .
Well I am managing my time for my best Bitcoin work and I have made about $300 saving in my bank account through Bitcoin earning .
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November 28, 2016, 11:20:26 AM
 #975

While we are all here on this forum to earn one way or another, how well do you manage that money after you've earned it. Do you trade your Bitcoin as fast as you can spending it all in a day or do you save it? I recently got paid for a job I did in programming and i keep finding myself wanting to spend more of that money i made. I have a lot of credit card debt and that is not good. I have destroyed only two ofg my credit cards to which I owe thousands of dollars on.

how do you spend your money?


Not that good i almost spend it once i have it. So as much as possible I invest my earning just to not spend it all at once.

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November 28, 2016, 12:33:07 PM
 #976

While we are all here on this forum to earn one way or another, how well do you manage that money after you've earned it. Do you trade your Bitcoin as fast as you can spending it all in a day or do you save it? I recently got paid for a job I did in programming and i keep finding myself wanting to spend more of that money i made. I have a lot of credit card debt and that is not good. I have destroyed only two ofg my credit cards to which I owe thousands of dollars on.

how do you spend your money?


Not that good i almost spend it once i have it. So as much as possible I invest my earning just to not spend it all at once.
Good thing you learn how to invest, in life it's not all about spending only as you also have to think of your future and since we cannot foreseen our future we need to make ourselves ready that by the time we retire we can enjoy our life more as we are already comfortably living.

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Dice Duels
frankmb
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November 28, 2016, 12:42:10 PM
 #977

I spend basically only on the things I really need, I have clothes which are 10 years old and can do a long time with shoes and such.  Tongue
It's not because I'm greedy but I grew up having very little and that just always stuck with me, I do help others with what I have and am even paying certain things for my ex her children when their in need since I still feel responsible. And I just save btc and cash, cash in the old way under my bed.  Smiley

I plan on a early retirement and think I manage my money good enough for that.
zero1ten
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November 28, 2016, 01:08:37 PM
 #978

I've wasted a lot of money with bad decisions in the past so I guess I'm bad at managing my finances although looking at the bright side, it made me aware of how to handle my money correctly so moving forward I am now more capable of making the right decisions on what things should be the right investments for me.
SHAWN-MIDWAYS
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November 28, 2016, 01:09:38 PM
 #979

I would say am not bad with financial management as I need to be prudent for future uncertainties and only spend on necessities that I need...
eminem90
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November 28, 2016, 10:47:07 PM
 #980

I would say am not bad with financial management as I need to be prudent for future uncertainties and only spend on necessities that I need...
I constantly do not have my money. Learn to cope, which means to save on everything. But if not for what it is impossible to save.
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