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Author Topic: Is some certain lifestyle a waste of money and time ?  (Read 1339 times)
irhact
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March 29, 2023, 08:22:30 AM
 #41

Although I don't drink, occasionally I will treat them and pay the bills for the guesture of friendliness. Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.

In that your cycle of friends, that's a complete waste of time and money since they'll be spending more than they're earning. If they can't stay without such gathering then why don't they do it in a way it doesn't go beyond their budget. Most family men are like this and that's why they surfer financially and it not because they don't earn much but their carelessness.

Always understand your financial capability and live a life that won't affect you. Your leisure spending shoudn't exceed 10% of your earnings as it doesn't make sense to spend all you make just because you want to keep in touch with your friends. Why don't they buy the bears and cook at home to have family get together instead.

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March 29, 2023, 09:52:16 AM
 #42


Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.

Looks like I'm not the one to decide if your friend's lifestyle is a waste of money and time. Grin Grin Grin I Think, Everyone has different values and priorities. However, it's important to spend wisely and within your means, and prioritize experiences and relationships that bring you joy and fulfillment.

It's also important to remember that money and time are finite resources, and how you choose to spend them ultimately reflects your values and priorities. If you're worried about how much you spend on social gatherings you should consider setting a budget or finding cheaper alternative activities to do with your friends.

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March 29, 2023, 11:00:18 AM
 #43

Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ?
While such gatherings and meet ups are important for bonding to create better relationship, If you are not comfortable with how much money you spend on such occasions, you can always politely excuse yourself from these meet ups for your personal reasons. Everyone has different levels of responsibility, to your friends, their responsibilities financially may be lesser than yours and maybe they have already settled them.

If you have pressing responsibilities that require money, it will not be wise to be engaged in any form of unnecessary meeting that will take money out from your pocket. If you have settled most of your financial responsibility for you and your family, you can allow yourself to enjoy your money a bit with your real friends, money sometimes do not matter, but relationships that are built and memories shared.

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inthelongrun
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March 29, 2023, 11:19:44 AM
 #44

It is not a waste of time since they were having fun. But it is just too costly, unless for someone with a very high income where drinking and eating outside four times a week is just immaterial. Maybe OP's friends are already contented with their lives, having a lot of fun every week while still able to support their family although without big savings for future use.

We all have different dreams and outlooks in life. I can sacrifice a few years without many hangouts in order to invest in crypto before its bull run. We can also have fun while minimizing the cost as well. Instead of hanging out outside, I can stay at home watching movies, playing computer and mobile games or many other fun stuffs at home. It really depends which stuffs we want to prioritize.

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March 29, 2023, 12:02:05 PM
 #45

I really don't have time to spend on drinking in a bar all in the name of having fun, I started my crypto journey through Crypto faucets, I am from a poor family/country and I work on myself everyday to be a better person.

I could remember how I used to claim Bitcoin in every minutes and hours using different numbers of faucets everyday and I was happy when I made my first 50$ with the faucet, I have many friends at the time and I was not bothered by them, I won't just let them.

Life is too short, and it is right to live like there is no tomorrow; however, all these depend on the circumstances you find yourself in, mine does not tolerate any fun as I don't know anything else that to invest in Bitcoin again and again, maybe someday the opportunity to have some fun will happen.
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March 29, 2023, 12:51:58 PM
 #46


Here is what happens to my friends and me and I am sure this is a reflection on different financial values and life attitude in general. Well, I don't drink any alchohol while a few friends of mine love drinking very much. They would gather to have dinner/drink almost every day(at least four times a week). I am often invited but due to my no-drinking habit, I usually turn the invitation down. We are all family men but they are a few years older than me. Their children are much older than my kid so probably they don't need their fathers' attention and time. I always put my family first so this is also one of the reasons I don't join them that frequently. Financially, every gathering meal/drinking is not cheap because it involves a lot of drinks and dishes. The average cost of such dinner/drinking is equivalent to 1/5 the average monthly income in the city where we live. So every month, the cost for these "gatherings" consumes all the income that a man can earn for months. This is considered a huge waste of money in many people's eyes cause most people don't earn much. Although I don't drink, occasionally I will treat them and pay the bills for the guesture of friendliness. Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.
Some people believe in the philosophy of doing what is good for you and what makes you happy.
But the irony of the matter is that most times what makes you happy may not be good for you.
A group of male friends living in the same City must surely sit out once in a while. But making it a habit to sit together and drink alcohol upto four times in a week is a waste of time and resources.
This very habit could be what gives them joy and happiness, but I consider it a waste.

It can only be resourceful for them if they have bad family where their wives, perhaps children give them a lot of trouble at home. They want places to sit out but it can also be done moderately without too much of alcohol.

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March 29, 2023, 02:31:34 PM
 #47

It's important to respect each person's individual lifestyle and values, as different people have different priorities and ways of spending their time and money. For some people, spending time with friends over drinks and dinner is an important way of socializing and building relationships, while for others it may not be a priority. Similarly, some people are comfortable spending more money on these activities than others.

That being said, it's important to ensure that these gatherings are within the means of all participants, and that no one is being pressured to spend more than they can afford. If the cost of these gatherings is consuming all of someone's income for months, then it may be a cause for concern.
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March 29, 2023, 02:44:43 PM
 #48

Ofcourse, lifestyle in the first place should be based from the amount of money entering your account in an interval perhaps monthly or weekly; this is to have sustainability and avoiding being broke afterwards. But what are the things which can be considered wasting our money and time? Things that you are buying but don't give you joy; a pair of shoes you bought not really needing it 'coz you have many already, and you happened to buy it because of implusion. Not all things should have a return of amount to make it worthy but atleast be sure that what you are buying or spending your time with, atleast give you enjoyment. 'coz a time you enjoyed wasting is basically not a wasted time.

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March 29, 2023, 03:00:09 PM
 #49


Here is what happens to my friends and me and I am sure this is a reflection on different financial values and life attitude in general. Well, I don't drink any alchohol while a few friends of mine love drinking very much. They would gather to have dinner/drink almost every day(at least four times a week). I am often invited but due to my no-drinking habit, I usually turn the invitation down. We are all family men but they are a few years older than me. Their children are much older than my kid so probably they don't need their fathers' attention and time. I always put my family first so this is also one of the reasons I don't join them that frequently. Financially, every gathering meal/drinking is not cheap because it involves a lot of drinks and dishes. The average cost of such dinner/drinking is equivalent to 1/5 the average monthly income in the city where we live. So every month, the cost for these "gatherings" consumes all the income that a man can earn for months. This is considered a huge waste of money in many people's eyes cause most people don't earn much. Although I don't drink, occasionally I will treat them and pay the bills for the guesture of friendliness. Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.
Is it a waste of time and money? From a financial point of view, yes rather than no. The time and money spent by your friends could have been put to better use. For example, spend this time on self-education, and the money - on investing in bitcoin (is it possible to give a different recommendation on a forum dedicated to BTC? Smiley ).

On the other hand, life is not limited to just making money all the time and you need to enjoy it. If it doesn't interfere with everything else and doesn't hurt the budget, then why not attend these gatherings like your friends.

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March 29, 2023, 03:01:47 PM
 #50

This is considered a huge waste of money in many people's eyes cause most people don't earn much. Although I don't drink, occasionally I will treat them and pay the bills for the guesture of friendliness. Do you think my friends' lifestyle is a waste of money and time?
It depends on what stage of the life they are. If they already have a career, their own houses, consolidated family, solid income I think it's not a waste, because they have struggled building every steps upside to be where they are now, so they deserve to enjoy life the best they can. If they think to drink and eat out are decent rewards for what they have achieved so far, let them do this without guilt.

Everyone needs some relief from times to times, and such lifestyles are the answer for many to not fall in boredom and sadness. We can't judge them for this kind of behavior.
I think it depends on what you want out of life as well. Like I know a friend who has millions of dollars, and the only thing he likes to do is read novels. And my god those are some horrible novels as well, no idea why he does that, not like he read Russian classics or the most read books of all time, some of them sure but not all, and yet he reads some horrible lesser known fantasy novels.

Imagine being so rich that you could live without working until you die, and then your child and your grandchild could live without working, and yet the only thing you ever want to do in your life is reading novels, that's it. He will never be out of money ever, but he won't live a rich life neither, yet he will live the life he wants to live.
Wow, that is really strange. Someone living with so much money under their disposal could be more creative when deciding what to do with the time they have. Instead of living the stories of the novels on his imagination, he could be living real experiences on the real world.

That is actually the ironical part, because many people find themselves on the opposite situation: that is, they would like to live for real, but since they can't due to not having enough funds, their only comfort is to imagine how it should be through the lines of the novels and fictional stories.

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March 29, 2023, 03:21:45 PM
 #51

Actually there is nothing wrong when we get together with friends to have fun and release fatigue after we work all the time. But that doesn't mean we can do it all the time, especially if it requires a lot of money to do that fun. I personally too if I follow my own ego and don't think about my future I will do it even crazier than what the OP told me. But I thought again, I'll be able to use the money for something I need more than I spent it overnight.
I don't have a large income to do these things, so when I do it often, I will be confused about meeting my daily needs. It's like I'm complicating my life. But if you do it once a month at least, maybe it won't be too much of a problem as a form of self-esteem for what I do throughout the month.

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March 29, 2023, 03:28:55 PM
 #52

In my opinion there is nothing wrong with a lifestyle, of course they will adapt their lifestyle to income, the greater the income, the more stylish it is, what is wrong is if someone forces themselves to follow other people's lifestyles while the sources of income are different.
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March 29, 2023, 03:48:45 PM
 #53

Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.
Yes your friends lifestyle is a waste of money and time and also pose a risk to health. I never prefer this kind of lifestyle, and this kind of lifestyle can never bring success in life. I applaud you for not drinking and with that I want you to leave their company before it gets worse. Yes entertainment is necessary in life but when entertainment becomes an addiction it leads to bad results. Yes I also go to weekly friend gatherings every weekend and spend one to two percent of my monthly income there.
People rightly say heaven with the honest and destruction with the dishonest.  If we walk with good people then we will be in good deeds and if we walk with bad people then we will engage in bad deeds. So I think we should not associate with such people so that we will engage in bad deeds. We should always be careful.  How can we make our life better. And do things that will make our future bright. Walk with good people and take good advice.


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March 29, 2023, 04:07:37 PM
 #54

-snip-
The average cost of such dinner/drinking is equivalent to 1/5 the average monthly income in the city where we live. So every month, the cost for these "gatherings" consumes all the income that a man can earn for months.
As long as your friends still provide for their family's needs well, it's not really a problem. And at this point you need to broaden your references about their income which you may not know.

As social beings, the need to establish real communication has its own level of importance (environmental factors may influence). Let's say you live in a very busy city. This of course has goals especially mental and social health.

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March 29, 2023, 04:43:14 PM
 #55

After getting married, a person must be able to manage his finances because now he is not alone and must try to support his family. And if the cost of living for those "gatherings" were a quarter or half of my income, I wouldn't want to be invited to hang out with my friends because that would be a waste. I better use the money for my family because they are most important. I can lose friends but not family because that's what my life is for. I can still find other friends who can understand each other with our family's condition and provide mutual support to one another. After all, that's what a good friend should do.

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March 29, 2023, 04:52:38 PM
 #56

After getting married, a person must be able to manage his finances because now he is not alone and must try to support his family. And if the cost of living for those "gatherings" were a quarter or half of my income, I wouldn't want to be invited to hang out with my friends because that would be a waste. I better use the money for my family because they are most important. I can lose friends but not family because that's what my life is for. I can still find other friends who can understand each other with our family's condition and provide mutual support to one another. After all, that's what a good friend should do.
Your true bro, usually marriage is the starting point of a person's change step but indeed not everything can change for the better after marriage, I personally also have the same thoughts as you and start trying to leave bad things after marriage, even though I have a great desire to continue to gather with friends like when we were single but indeed now our main priority is family and sometimes family becomes a reminder when we try to do bad or negative things at this time, in my opinion when someone is married then the responsibility will be bigger than before marriage so the interests of the family will become more important than our own interests.

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March 29, 2023, 05:33:29 PM
 #57

After getting married, a person must be able to manage his finances because now he is not alone and must try to support his family. And if the cost of living for those "gatherings" were a quarter or half of my income, I wouldn't want to be invited to hang out with my friends because that would be a waste. I better use the money for my family because they are most important. I can lose friends but not family because that's what my life is for. I can still find other friends who can understand each other with our family's condition and provide mutual support to one another. After all, that's what a good friend should do.
Your true bro, usually marriage is the starting point of a person's change step but indeed not everything can change for the better after marriage, I personally also have the same thoughts as you and start trying to leave bad things after marriage, even though I have a great desire to continue to gather with friends like when we were single but indeed now our main priority is family and sometimes family becomes a reminder when we try to do bad or negative things at this time, in my opinion when someone is married then the responsibility will be bigger than before marriage so the interests of the family will become more important than our own interests.

Before marriage, me and my husband often hang out with our friends have lots of drinks, and spend a lot on food. Our mindset before was too different and for us, it's more important to create memories than to save. When we got married, we left all our old habits and we then realized that saving is more important than wasting our money on unnecessary things.
Being married will teach you lots of lessons and would require you to handle your finances wisely. It is better to spend our time and money on our number ne priority which is our family than to hang out and spend too much on drinking. We should spend and manage our finances responsibly especially if we have kids who rely on us.
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March 29, 2023, 05:46:50 PM
 #58

Believing in lifestyle and spending money on things that are less supportive of increasing financial income will have an impact in the end. You may still doubt that what your friends are doing is a little excessive, it's just that they don't always have money and they will experience a period when the money has run out while the needs due to addiction to smoking can not be avoided often get criminal intentions. Stole or sold everything in his house just to buy a few bottles.

Personally, I have witnessed this for a long time observing the lifestyle of friends in the environment, and in the end, there is nothing that can be saved in making ends meet. Have no skills, time spent drinking, consuming illegal drugs and you know where they are now? living on the streets becomes the trash of society, has no purpose in life, and has nothing to fight for. Is life as simple as drinking alcohol? it doesn't matter how much money you have spent to treat them, but indirectly you are pushing them deeper into the struggle for destruction.

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March 29, 2023, 05:56:33 PM
 #59

In my opinion there is nothing wrong with a lifestyle, of course they will adapt their lifestyle to income, the greater the income, the more stylish it is, what is wrong is if someone forces themselves to follow other people's lifestyles while the sources of income are different.
Someone who earns well and stays clear doesn't mind if he dresses up and puts on a slightly more luxurious lifestyle because he already has the means for it. But for those who still have a mediocre income or are still in the low category, of course he also has to realize that he doesn't have the appropriate ability for that so he needs to adjust it for a more comfortable life and doesn't have to force his will to make debt in his life.

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Kalchef
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March 29, 2023, 06:01:49 PM
 #60

Sooner or later you will know if your lifestyle is wasting your money, just keep doing what you do best, if you are wasting money on friends and wasting your time you will end up getting wise one day when you are completely broke,  Grin continue.

You don't have to be warned about how you are spending your hard-earned money, my uncle used to say that money is hard to get but easier to spend, you work alone and people spend your money with you, I have never seen where those that spent out of your money decide to join you at work, or have you?

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