“You don’t spend money now, you can’t spend after you died”

[fara_buduk]

when we die ... it is impossible to know it will happen .... when we spend all the money, we know when that point occurs and when it happens then we will know the meaning of money for now and the future not to be wasted and spent Therefore, realistic life is the thing that makes a person healthy, is it possible that the inside of him is a mental shock so that it is not realistic?

[bryant.coleman]

One issue for cryptocurrency users is that, unlike the assets that are denominated in fiat, those in cryptocurrency are not automatically transferred to the nominees (i.e relatives) after the death of the user. If the private keys are unknown to the nominees, then the chance is that those coins will become inaccessible to everyone (unless the original owner uses a dead man's switch). While investing in stocks or mutual funds, you don't need to worry about this. Because in the bank account or stock broker account, you can specify the details of the nominee who should get the custody of the assets after your death.

[South Park]

It’s the best financial advice, covid is the marketing keyword to remind you, if you don’t spend every last penny in the wallet, you can never have a chance to spend that again. Spend until you drop you plebs!

This is certainly a problem with the current economic system, not only it requires that people spend all their money in useless junk it also requires people to spend money they do not even have and indebt themselves for the rest of their lives to the point they will never be able to retire, and this is simply not sustainable, I do not want to work for the rest of my live and this is why I invest and reduce my expenses as much as possible, so I am bad for the economy.

[desticy]

But it's worth considering exactly when to spend your money. Depending on the situation, you can spend them with some benefit.
After spending money on the downtrend, you significantly increase the likelihood of receiving large investment returns, that is, profit.

[jitjitmew1]

a better mindset is ,spend a bit every month (10%-20%),appreciate yourself and look after yourself,love yourself...
spend all is just trolling i think

[Kasabus]

But it's worth considering exactly when to spend your money. Depending on the situation, you can spend them with some benefit.
After spending money on the downtrend, you significantly increase the likelihood of receiving large investment returns, that is, profit.

That is buying in dips, and hold them until the prices get into their peaks and that's the time to sell. If this will be your strategy, you will definitely add more big returns into your investments. Huge profits are made from good decisions.

But if you just spend your money without thinking how tomorrow will be, then it might only cause you more struggles in the future. Spending your money is not a mistake but at least you spend it for good purposes.

[BuNga_cute]

I don't agree that it's a good advice. People shouldn't just spend without saving money. If you don't save a good amount of money, your future could be under danger. One should always be aware of this possibility when spending their money. Of course, I don't say a thing like "You should spend a very little amount.". You just need to plan your actions not to regret after.

Our future depends on how we manage our finances, I agree without saving money, our future can be dangerous. Therefore, there is no prohibition
against spending money that comes from the results of our hard work. But we must be able to spend the money we have wisely, don't just focus
on happiness now by buying something we want. We have to get used to saving some money from our income for our future, if we don't do it now
then it will be too late.

Agree, a few small restrictions on spending will help save a part of costs and contribute more to important jobs in the future but everything will need to be in a balanced circle, putting your own comfort first before offering savings, this theory is a simple algorithm for management but as a subconscious information most people have overuse criteria at a young age. They are thinking more about tomorrow's work and day satisfaction, instead of making more important plans for the future, they feel the need to spend more money

But the current reality is very sad, where people at a young age prefer to spend their salaries for pleasure. Because they have no plans for the future,
and also young people usually don't have good financial arrangements. Therefore, it is very necessary to educate young people, to make them aware of
the importance of planning for the future. So they will not experience financial difficulties in the future, if they can manage their finances well.

[Davidvictorson]

This is such a hilarious statement 🤣 One shouldn't catastrophize his or her (financial) life because of COVID-19. It is definitely not a good idea. A Bible saying goes thus, "A good man leaves an inheritance to his children's children". Think about it.

[cheezcarls]

Definitely isn’t a good advice for me. Saving some of it for the future and inheritance is much more worth it, because you’re leaving a great legacy to your future generations. It’s all about spending smart and diversify.

It’s true that you can’t bring your money with you once your time here on Earth is up, but at least we can still do something like inheriting it for future generations. For sure, you will be remembered as the one who began this legacy no matter if it’s money, property, achievement, etc.

[Felimon]

according to me how much money i earn i will enjoy 75% of the money i earn and the remaining 25% i accumulate maybe if i die that savings can be left to my family,no regrets at all because the life of each beneficiary is more than enough if you yourself are always satisfied with the present life. On the contrary, if you are too frugal, do not dare to spend, do not dare to eat until you die, does this life still have much meaning for you, perhaps anyone who reads this article will also say that I am a bit selfish but I Being very realistic and being realistic will make you a little selfish.

[Imran232]

Well, this is not the first time i seen a post such topic this question is related like what happen after i died. Means bitcoin wallet is decentralized soo we didn't share private key anyone so that anyone can't misuse my wallet. But what happen with my those funds if i died without knowing anyone about my wallet pass or seed. Lots of people gives lots of opinion but the final opinion is we should inform someone about our wallet. So your topic is similar we didn't sell bitcoin so that it gose up but if we died we can't even sell. So its almost similar. Thank you.

[swiftbits]

Another phrase what I read about this recently is,
"You will become the richest man in the cemetery", something like that. Which is clearly talking that spending money while you are still alive.
For me, it's nothing bad at all spending your money while your still alive, what the best is, spending it WISELY and using it good things.

YES, enjoy the fruit of your labor, but don't ever forget the difference between enjoyment and destroying your financial security
Everyone should feel secured, and people should never ignore the costs of the future. Unexpected things could happen.

[conected]

Definitely isn’t a good advice for me. Saving some of it for the future and inheritance is much more worth it, because you’re leaving a great legacy to your future generations. It’s all about spending smart and diversify.

It’s true that you can’t bring your money with you once your time here on Earth is up, but at least we can still do something like inheriting it for future generations. For sure, you will be remembered as the one who began this legacy no matter if it’s money, property, achievement, etc.

- Helping the next generations inherit a large amount of fortune and great achievements is a worthwhile thing, sometimes I also think about saving for future generations in such a way but standing in a developed society, I feel more respect for the achievements of each individual, maybe generations like my children and grandchildren will be difficult but they will be satisfied with maturity. They can complain with this decision but can't just be lazy and get achievements, need to try

[South Park]

Definitely isn’t a good advice for me. Saving some of it for the future and inheritance is much more worth it, because you’re leaving a great legacy to your future generations. It’s all about spending smart and diversify.

It’s true that you can’t bring your money with you once your time here on Earth is up, but at least we can still do something like inheriting it for future generations. For sure, you will be remembered as the one who began this legacy no matter if it’s money, property, achievement, etc.

There are many people living day to day but those people do not really have the option, everyone else should have at least some funds for when the rainy days come, after all you never know when something is going to happen, and what better example than the pandemic, how many people were in desperate situations simply because they did not had a few months worth of savings to their names? So it is important to keep some money in hand just in case we happen to need it in the future.