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Author Topic: FINANCIAL TIPS  (Read 1169 times)
Arz26
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March 13, 2018, 03:52:39 PM
 #61

it is to make sure your expenses aren't exceeding your income. The best way to do this is by budgeting. keeping your recurring monthly expenses as low as possible will also save you big bucks over time. This question is also means on how to manage all your expenses or savings like a bitcoin save and expend.

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March 13, 2018, 03:58:01 PM
 #62

Many of us will find this very difficult to obey and in truth what op said are things we should do if we want to be intelligence financially. Many spend more than their earned and some are currently in debt because of this habits. We are to be careful to to think that the good days are going to continue forever and saving is a most if we really want to have financial freedom.
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March 13, 2018, 04:02:09 PM
 #63


* SAVE FIRST BEFORE SPENDING

This is reall great advice , If you save before you spend you will find yourself not in a stress situation where you have to liquidate some asset in loss because you are in need for some expenses . If you safe you will always find some money to relay on in bad times , I find this to work great in crypto market because of the its violence nature .

I agree with the other 2 and want to add 1

Never invest what you can not effort to lose


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March 13, 2018, 04:13:13 PM
 #64

This is a clear truth, you are absolutely right. To be honest with these simple tips one can never be broke in his life ever, instead you keep growing financially, as long as you don't stop investing
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March 13, 2018, 04:26:37 PM
 #65

To keep your answer short and simple. What people need is to have a financial plan, as it is there only way to manage their money right. Financial planning is done by everyone whether you are rich or poor as keeping track with your money is the best way on how you will maximize it. From car loans to credit ratings all can be analyze when you are doing financial planning. Separating your needs and wants is also part of financial planning as it will tell let you control your money on where you will spend it.

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March 13, 2018, 04:33:17 PM
 #66

To keep your answer short and simple. What people need is to have a financial plan, as it is there only way to manage their money right. Financial planning is done by everyone whether you are rich or poor as keeping track with your money is the best way on how you will maximize it. From car loans to credit ratings all can be analyze when you are doing financial planning. Separating your needs and wants is also part of financial planning as it will tell let you control your money on where you will spend it.
Some people really seeks the advice from financial adviser so if you are not really good at planning your hard earned money so better think to do it so that  you can always have the financial aspect that you want in your life, since having a financial freedom is the very best way to live a fulfilled life.

   
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dificanovi
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March 13, 2018, 04:43:11 PM
 #67

yes I guess this is a good suggestion, so everyone can be more aware of how to manage their finances, well you say often people spend more money than they can get just because they get credit they sometimes forget the interest from their installment.
so I also started following the advice of the big guys in the world like warren buffet robert kiyosaki etc.

yes this is a very good tips for managing finances because everyone who has enough money can control their spending money. I also got a lesson from this information, I will try it so my money out is not much.

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March 13, 2018, 04:48:34 PM
 #68

Its easy to say but it is hard to do.
In reality, 80% of the population knows about savings, about investment and about how to divide their money according to their needs but why there is always lack of financial stability?
Practically speaking, our monthly income specially in a developing country is not enough to sustain our daily needs. For example: in my country, the basic salary for a teacher is just $400 every month. I will divide my daily cost for a month.
1. $30 - electric bill
2. $20 - water bill
3. $200 - food
4. $40 - transportation
5. $50 - food supplements for my mother
6. $10 - rent of house
Equivalent to $350
That is the exact amount I paid every month and all of them are my family's daily expenses. Only $50 left in my salary not included my tax and insurance. See? How do I save if my monthly salary is just exact to provide my family needs?
Probably, we cannot make a savings if our salary is not enough to our needs. But still, I always save even 1 dollar only per month. That's my case, how about the people who are unemployed or does not have regular job?
P.S. all of the value I gave is converted in the currency of my country.
Yes I agree with you on this. Saving depends on how much money you earn. If your money is not enough for all the expenses per month, how can you save? If your salary or business earns just enough to pay the bills and for your daily needs, you cant save. You cant starve your self to death just to save. However, there are money saving tips that you can follow so you can lower down that electric bill, water bill, food and transportation.

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March 13, 2018, 04:53:01 PM
Last edit: April 25, 2018, 08:59:34 AM by n691309
 #69

That’s timely as the bitcoin price is lower and opportunity for small investors is bigger, if only they follow such advices to help them to priorities investment. This three tips can be a life changer for regular employee who struggle to survive in our country. Spending beyond what we need and just what we wanted to, is one reason we can’t save. This attitude should change.

advice will be advice, and every people are good or better in giving advice, but lets put the shoe out of them and replace by some others!
advice is good but do we really getting better with that? if they are not getting on the milestones that we are having through?a
Its easy to say but it is hard to do.
In reality, 80% of the population knows about savings, about investment and about how to divide their money according to their needs but why there is always lack of financial stability?
Practically speaking, our monthly income specially in a developing country is not enough to sustain our daily needs. For example: in my country, the basic salary for a teacher is just $400 every month. I will divide my daily cost for a month.
1. $30 - electric bill
2. $20 - water bill
3. $200 - food
4. $40 - transportation
5. $50 - food supplements for my mother
6. $10 - rent of house
Equivalent to $350
That is the exact amount I paid every month and all of them are my family's daily expenses. Only $50 left in my salary not included my tax and insurance. See? How do I save if my monthly salary is just exact to provide my family needs?
Probably, we cannot make a savings if our salary is not enough to our needs. But still, I always save even 1 dollar only per month. That's my case, how about the people who are unemployed or does not have regular job?
P.S. all of the value I gave is converted in the currency of my country.
Yes I agree with you on this. Saving depends on how much money you earn. If your money is not enough for all the expenses per month, how can you save? If your salary or business earns just enough to pay the bills and for your daily needs, you cant save. You cant starve your self to death just to save. However, there are money saving tips that you can follow so you can lower down that electric bill, water bill, food and transportation.
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March 13, 2018, 05:10:19 PM
 #70

Indeed, you have to save on daily or month-to-month expenses so as not to be wasteful in life and money is definitely in the wallet with a little, So buy a small BTC at a cheap price. Selling at high prices when the market goes up there will get many benefits. a real world world that will spend your money when hanging out with peers.
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March 13, 2018, 05:18:19 PM
 #71

You touched on topical and sore subject for many people. Be financially literate and economical happens some people very difficult. Not everyone can be postponed. money like you said and these people need this study. Waste is very detrimental to the person.

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March 13, 2018, 05:24:40 PM
 #72

those tips were very makes sense and indeed to get good financial for the future purposse i think it have to be done however people must have a strong desire and consistent to do this and some people have failed because own their credit card which makes them tempting to spend their money for useless things

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March 13, 2018, 07:08:03 PM
 #73

I can agree with you that saving is important, but sometimes it's not worth it. Life is all about moments and you should treat yourself sometimes. You can be saving up money for years, storing them in banks, or cryptos and miss out on small pleasures and one day it might turn out that all your money was stolen, or became worthless money, you would regret the way you lived. The best way is to work hard to have such an income, that you wouldn't have to save anything.
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March 13, 2018, 08:50:03 PM
 #74

I dont know if this where the right place to post but here it is. This is most applicable for those minimum wage earner who struggles in life and wanted to invest too.

* DONT SPEND BEYOND WHAT YOU EARN.

This is particular to those credit card addicts where swipping it is their life. They spend most of their needs on cards, groceries, gadgets installment etc. They spend beyond their limits and usually paying excess charges because of this. They often didnt get through this swipe pay cycle because of their limited fund capacity.


* SAVE FIRST BEFORE SPENDING

I think this is the hardest part of the financial budget if you are earning just right for paying your monthly bill and daily necessities. But what will you have to do ? . You dont need that high portion of savings everytime. For example , you have $50 on your hand in excess of your expenses, budget it for a week in a very cheap way , groceries would be better, then save what is remained. Take aside your weekly starbucks and put it on your bank.You can take coffe at home or on a cheap way. Small amounts will get big in a time and you can start investing after. You can always reward yourself after if you start investing and earned passively.

* SET SOME GOALS

This is the most effective way ive done so far. Being comitted on your goal is almost 100% sure. If you are setting a goal for example this year where you have to save $5 weekly and you will save $260 in the end of the year, if you always looking for the outcome, im sure you will do this without leaping or maybe advance save it up.

All three of this is what i do everytime ans it helps me save and gain some capitals for investment on cryptocurrency. I hope these three would help someone even on a little way.

I agree with this. But sometimes minumum wage earner still suffer because some our daily needs is very expensive. Example for me 70% of my salary go to my bills and the 30% is for my allowance. Thats why i am trying my luck in bitcoin hoping it will help me.
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March 13, 2018, 09:21:51 PM
 #75

If i can add some more tips. i would add that :
       1- Be patient: This world is harsh. You just need to wait for a good opportunity. Yes it will come, wait for it.
       2- Be mature: be responsable for your decisions. Make your decisions wisely.
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March 15, 2018, 07:50:40 AM
 #76

This is a clear truth, you are absolutely right. To be honest with these simple tips one can never be broke in his life ever, instead you keep growing financially, as long as you don't stop investing
For sure investment will increase your profit and it will never let you be dead , it will increase more and more with time nothing can ever defeats the value of bitcoin, so I must say it is good to be investor so that you will be secure financially and it will save some of money for your future we well. It is not god to stop investing because money never end this way, it grows and increase more and more with the passage of time, every month bitcoin use to increase thousands of dollars and it makes your finance stronger and safer.
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March 15, 2018, 08:06:42 AM
 #77

The amount of income we receive coupled with our standard of living play important roles on the kind of financial tips we should employ. Below, are some tips that could really help no matter your income.

1. First, pay all monies pertaining to the government which includes taxes and all insurance bills. Make sure these aspects are always cleared off

2. With the remaining amount left, deduct about 10% ...this will be your personal savings...deposit it In a fixed saving account, to prevent risk of spending

3. Pay all personal debts..this is very vital; at least to keep your integrity.

4. Now settle all bills by order of priority; pay for your needs which includes - feeding, housing, welfare and accommodation.

5. Don't buy things that are not necessary, focus on your needs, your wants can come later.

6. Finally, if you're given a bonus in your workplace, dont spend this bonus, put it into that fixed saving account.

7. With this savings, you can now begin to make serious plans on investments that will earn you great profit.


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March 15, 2018, 10:21:34 AM
 #78

This particular question is tackled about more spending money and savings. I really like your concern and idea, hopefully many people realize on how the way they manage their income and their expenses. Because to much spending of money causes negative income, and suffered more future payables and debt. Actually, mostly people has the characteristics of being thrifty are those rich people, because they are more on saving money, but for those people that only a workers having minimum income are performing more on expenses rather than saving, hopefully this question gave us a learning lesson on how to save money rather than too much spending.
Some people who earn minimum income are spending more on expenses rather than saving? Yes you have a point but some is spending much because they also want to feel a good life buying their wants even once a month but those who earn a small amount, actually they are the most who treasure their income,  they are the most who spend it in important things rather that spend it in non-sense.
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March 15, 2018, 12:44:54 PM
 #79

it is to make sure your expenses aren't exceeding your income. The best way to do this is by budgeting. keeping your recurring monthly expenses as low as possible will also save you big bucks over time. This question is also means on how to manage all your expenses or savings like a bitcoin save and expend.


I was a bit lazy and I never use to do math while spending and that was the reason I use to have very less money left with me in the last ten days of the month. Then I realize to cut my extra spending and now what I do is that I make a list and enter everything which I purchase, even a candy and a chocolate. 

After the month I take a look on my last month spending and cross the things which were not necessary, and by that every month I cut some things which we all purchase but have no use in our lives. Now I have no problem and I save some money every month.
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March 15, 2018, 01:11:32 PM
 #80

This is a clear truth, you are absolutely right. To be honest with these simple tips one can never be broke in his life ever, instead you keep growing financially, as long as you don't stop investing

Nothing is safe and certain. Even if the everyone follows the exact tips that the OP stated they could lose everything if something unexpected happens in their life. People are often greedy and they cannot walk straight. They are always exploring the new opportunities and looking for a way out of their, in most cases, miserable financial situations.
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Instead of the safe way they are also often choosing the easier way which is also filled with the risk. Everyone can get broke even with the proper thinking and investment. Those that are too certain in themselves actually end broken in the end.

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