Look for what to invest, not what to eat

[xSkylarx]

And actually it also depends on the situation and condition of the person. If someone is having financial difficulties and even has difficulty buying food, the main priority is of course food. But if someone is in a condition that is financially secure enough where he can eat enough and has enough income to meet all basic needs. then someone is indeed advised to be able to save and invest for the future. because we must have hope and better financial conditions in the future. and we have to start planning and start investing from now on.

You are right, if someone is still having difficulty financially then they will not think about saving or investing. What they will think about is being able to eat every day, which is more important because it will sustain their life, but for those of us who have been said to have sufficient income and finances stable enough, you need to think about the future by investing in several fields while there is still money, so take advantage of that opportunity, don't ever waste it on things that are not important because one day it will be a regret when you are old you can't produce anymore.

For me investment is important, while we still easy to have a steady income every month, plan to invest as early as possible, it doesn't take much, even setting aside 10-15 percent of your salary is good enough, especially in Bitcoin, of course there is a large potential for multiples.

Investing and saving don't have to be in large amounts at once. Well we can set aside from every income we get every month. 10-20% or whatever that is as long as it's pretty cool money. then it could be a pretty good investment for our future. I personally prefer to make two types of investments namely Physical investments and Digital Investments. and for Digital investment of course in Bitcoin is the most suitable thing and what I also choose at this time.

But again lucky on you that you have extra money to save and invest to if we follow the 10% on saving money from the salary is for sure we wont buy all our necessities as our salary is low. Though it doesn't mean that we save big, we can save what we can, but again, it takes time. But again, this is better than not saving, as in the future, if you see that it is best to invest this, then you now have money to put on it.

[ancafe]

Fund management (financial management) is indeed the basic thing that is needed for someone if they want to have a better standard of living or have an increase in their finances. And to take advantage of financial management, of course there must be funds that we manage. incoming and outgoing flows must always be there then financial management can be carried out.

If you can't manage your money well, no amount of income will change your standard of living for the better, especially if you don't have a stable income from daily expenses. Managed funds certainly have prospects where we must be able to generate a much more stable level of income and if the money is not placed in a more productive place it is feared that it will not be optimal.

So the main focus is to get income and then allocate it as well and as effectively as possible. And investing is not easy. but it does require patience and thoroughness in running it. And if we succeed, financial freedom will be in our hands. but the most important thing is to make our financial stable first. at least all our basic needs can be met.

The focus is on the stage of increasing income, but it takes careful planning to achieve that and if done correctly, I'm sure it will be more effective. If your financial ability is unstable between expenses and income, it is difficult to maximize investment and you are right, you should make your finances more stable first and then try investing.

Because when we have achieved financial stability and daily expenses have been met, investing will be much easier to do. The issue of investment must also be seen to what extent people's ability to meet the needs of everyday life and it is impossible for them to invest if these needs are not properly met.

[yudi09]

No need to think about it far.
Investment is not a basic need for the lower class economic people. Investment is a routine for the middle and upper class economies besides having forward thinking.
The concept of investment for people with a lower class economy is simply saving when there is left over after their basic needs are met.

-snip-
Is it a good thing to invest or is good to continue looking for what to eat?
What do you think.

Is it good? Depending on economic conditions and level of intelligence.
How can people with erratic income to invest.
There is a sentence that I often hear "logic will not work if there are no logistics".

[Bitcoin2009]

Many people think that when they have income and money they will continue to try to spend it for pleasure, they don't think about investments that can be a helper when bad things happen, and we have to be able to control all expenses and of course have to invest even with a small amount.

[Uruhara]

So the main focus is to get income and then allocate it as well and as effectively as possible. And investing is not easy. but it does require patience and thoroughness in running it. And if we succeed, financial freedom will be in our hands. but the most important thing is to make our financial stable first. at least all our basic needs can be met.

The focus is on the stage of increasing income, but it takes careful planning to achieve that and if done correctly, I'm sure it will be more effective. If your financial ability is unstable between expenses and income, it is difficult to maximize investment and you are right, you should make your finances more stable first and then try investing.

Because when we have achieved financial stability and daily expenses have been met, investing will be much easier to do. The issue of investment must also be seen to what extent people's ability to meet the needs of everyday life and it is impossible for them to invest if these needs are not properly met.

Correct. And actually if someone is still unable to meet the basic needs of himself and his family then of course that person will not think about investing or anything like that. Because people who are in difficult financial circumstances will be very reasonable to prioritize food and other basic needs.

Breaking away from financial difficulties is always the most difficult challenge for everyone. Especially for someone who has only a little expertise and also a little insight. The person may have to work harder and rest less in order to make more money.

[bayu7adi]

Many people think that when they have income and money they will continue to try to spend it for pleasure, they don't think about investments that can be a helper when bad things happen, and we have to be able to control all expenses and of course have to invest even with a small amount.

Saving through investments? That's actually pretty cool. You get to witness your assets grow while keeping your hands off the money you've stashed away. It seems like the government is currently showing support to the public, allowing them to invest in stocks with a minimal amount. Opting for low-risk stocks is a smarter choice than solely holding onto FIAT, which is susceptible to inflation.

However, do bear in mind that when you save through stocks, you cannot instantly withdraw your money. Let's say you need funds for a medical emergency during a holiday, but it turns out that the stockbroker is also on holiday on the same day. So, don't blame the broker if you encounter difficulties in quickly accessing your funds.

[eightdots]

So the main focus is to get income and then allocate it as well and as effectively as possible. And investing is not easy. but it does require patience and thoroughness in running it. And if we succeed, financial freedom will be in our hands. but the most important thing is to make our financial stable first. at least all our basic needs can be met.

The focus is on the stage of increasing income, but it takes careful planning to achieve that and if done correctly, I'm sure it will be more effective. If your financial ability is unstable between expenses and income, it is difficult to maximize investment and you are right, you should make your finances more stable first and then try investing.

Because when we have achieved financial stability and daily expenses have been met, investing will be much easier to do. The issue of investment must also be seen to what extent people's ability to meet the needs of everyday life and it is impossible for them to invest if these needs are not properly met.

Correct. And actually if someone is still unable to meet the basic needs of himself and his family then of course that person will not think about investing or anything like that. Because people who are in difficult financial circumstances will be very reasonable to prioritize food and other basic needs.

Breaking away from financial difficulties is always the most difficult challenge for everyone. Especially for someone who has only a little expertise and also a little insight. The person may have to work harder and rest less in order to make more money.

For most people, the fundamentals are the same in all investments. This foundation is to invest in what is left after meeting your daily needs and those of your family. It would be a big mistake if a person does not meet their needs and only invests. The market can sometimes put people in a difficult situation. To cope with such situations, you need to have a regular income. It is also difficult for people without a permanent income to invest. I'm not saying they can't invest, don't get me wrong, I'm saying it's hard for them to invest.

Everyone's priorities are different. Others live in bad conditions for a while and only spare money for investment and think that these bad days will end like this. I am against this idea because investing always involves risk. It will be a waste of time when the expected return is not achieved.

[MFahad]

Many people think that when they have income and money they will continue to try to spend it for pleasure, they don't think about investments that can be a helper when bad things happen, and we have to be able to control all expenses and of course have to invest even with a small amount.

It means that such type of people just focus on present but don't think about future. Sometimes different thoughts about future makes a person sick and I saw lots of people who just focus on present and they eat well, dress well as well as their lives are prosperous while those people who think about future but destroy their present always lives unhealthy lives, neither they dress well nor they eat well because they are always in efforts of saving money.

I don't think that investment is not a good idea but we can also not leave our present for future because we don't know that will we be alive in future or not? As life is unpredictable so I think that focus should be more on present rather than future.

Saving is important but save some money but investment of overall amount is not a good idea which should be avoided.

[Fortify]

I don't know why some people in this platform are looking for what to eat at the moment, not know that they can invest in a potential projects that will put food on their table, and they will not lack what to eat and what to spend in future. I saw some message in the Bitcointalk.org where some users are trying to sell their account just to get what to eat not knowing that they can use that account to work to get a huge capital that will bring them out from poverty, and make food surplus in their home. I knew some senior members in this forum that started using member rank to work before they get to legendary to spread many investments around the country, because they didn't look for what to eat at the moment than to work hard to used their opportunities to invested in BTC before they became who they are today.
Will you invest now or you will be like that person that is looking for what to eat? It will be favourable if you can change that attitude of selling what will make you great in future just because of what will survive you at the moment. No way you will invest in BTC today and you will not have something good to eat because, investment is like a seed planted in a due season to expect something good in the future. Is it a good thing to invest or is good to continue looking for what to eat?
What do you think.

"What to eat" is an odd way to describe it, it's more about people being overly consumerist. In fact eating healthily and keeping a proper lifestyle is super important in utilizing your brain power for maximum returns. Eating sensibly and even treating yourself occasionally to nice culinary experiences is part of a decent lifestyle, you shouldn't be concerned about spending every penny on investments. However you do have a good message, which is that far too many people follow fads and overspend their hard earned money on what is often throwaway junk. People should think more about where they use their money, but you are unlikely to change the behavior of this crowd.

[Uruhara]

Correct. And actually if someone is still unable to meet the basic needs of himself and his family then of course that person will not think about investing or anything like that. Because people who are in difficult financial circumstances will be very reasonable to prioritize food and other basic needs.

Breaking away from financial difficulties is always the most difficult challenge for everyone. Especially for someone who has only a little expertise and also a little insight. The person may have to work harder and rest less in order to make more money.

For most people, the fundamentals are the same in all investments. This foundation is to invest in what is left after meeting your daily needs and those of your family. It would be a big mistake if a person does not meet their needs and only invests. The market can sometimes put people in a difficult situation. To cope with such situations, you need to have a regular income. It is also difficult for people without a permanent income to invest. I'm not saying they can't invest, don't get me wrong, I'm saying it's hard for them to invest.

Everyone's priorities are different. Others live in bad conditions for a while and only spare money for investment and think that these bad days will end like this. I am against this idea because investing always involves risk. It will be a waste of time when the expected return is not achieved.

That is why investment will only be more effective when it is done when our economic conditions are completely stable. because if we force ourselves to invest even though our economic situation is not completely stable. then it is possible that our investment will eventually be used or withdrawn to meet unfulfilled needs. Because investments must use really cold money that we won't use or won't need for quite a long time. This is where it is important to first build financial stability in our lives. having a steady income plus a side income is what i do. Fixed income to meet all the necessities of life. and side income to save and invest. Everything becomes noticeably better. But then again, everyone's situation is different. Sometimes the main income may not even be enough to meet basic needs. then it will be enough when added to the side income. stuff like that also happens quite a lot. moreover, the current value of fiat seems to have fallen due to soaring prices of basic necessities (inflation).

[Dr.Bitcoin_Strange]

Investment is not a basic need for the lower class economic people. Investment is a routine for the middle and upper class economies besides having forward thinking.
The concept of investment for people with a lower class economy is simply saving when there is left over after their basic needs are met.

Although most of those low-class people still tend to meet up or level up more quickly than some so-called middle-class people, The reason is that some middle-class people don't even think of investing; they feel they have a sustainable income, so they may not bother to increase their financial worth. But some of this low class will still strive (because they are not satisfied with the stage they are), so they will have to save up the little they have earned and still invest it in something that will earn a small profit for them even if it's not Bitcoin. There is this saying that "if you can't save when you are earning a small amount, there is likely a possibility that you won't save even if you are earning a huge amount." Saving is a habit that most people don't have, and when you can't save, what will you invest? There is no one who can't invest; it's just to develop the habit of saving and investing.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[smile1218]

Investing and meeting basic needs like food are both important aspects of financial planning. While investing can help you build wealth over time, it's also important to prioritize your basic needs. If you're struggling to meet your basic needs, such as food, shelter and healthcare, it may be wise to focus on those first before investing. However, if you have the means to invest, it can be a smart way to grow your wealth and secure your financial future. When deciding whether to invest or focus on meeting your basic needs, it's important to consider your personal circumstances and goals. If you have a stable income and are able to cover up your basic expenses, investing can help you build wealth over time and achieve long term financial goals. If you're struggling to meet your basic needs, it may be more important to focus on meeting your basic needs first. In this case, you may want to consider seeking out resources such as food banks or government assistance programs to help you survive.

[SaveOurSea]

Many people think that when they have income and money they will continue to try to spend it for pleasure, they don't think about investments that can be a helper when bad things happen, and we have to be able to control all expenses and of course have to invest even with a small amount.

If we just follow lust then it will never end so it is necessary to create awareness for ourselves,
limit spending on important things and we also need to invest our money for the future,
who clearly manages it all is so important and needs to be done.

[Patrol69]

People who decide to sell accounts have very little patience, I would say. Because of how much money will come from selling an account and how long can he last with that amount of money. If it was the case that by selling his accounts he would be able to live with that money for the rest of his life then selling the account was the right decision but now if he sells the account he will find that the money is gone within 15 days or a month then how will he continue then up to him. There will be nothing to sell. Those who make such plans should think twice. But if the account can be given time and the account can be taken to a good state without selling the account, then the account will stand by you in difficult times.  

Investment is like planting a tree like if we plant a delicious fruit tree but we will not get that delicious fruit immediately we have to wait for that delicious fruit. Same is the case with investments. As soon as we invest we will not profit we have to wait. And if we can wait, the fruit of our waiting will be sweet.

[yudi09]

Investment is not a basic need for the lower class economic people. Investment is a routine for the middle and upper class economies besides having forward thinking.
The concept of investment for people with a lower class economy is simply saving when there is left over after their basic needs are met.

Although most of those low-class people still tend to meet up or level up more quickly than some so-called middle-class people, The reason is that some middle-class people don't even think of investing; they feel they have a sustainable income, so they may not bother to increase their financial worth. But some of this low class will still strive (because they are not satisfied with the stage they are), so they will have to save up the little they have earned and still invest it in something that will earn a small profit for them even if it's not Bitcoin. There is this saying that "if you can't save when you are earning a small amount, there is likely a possibility that you won't save even if you are earning a huge amount." Saving is a habit that most people don't have, and when you can't save, what will you invest? There is no one who can't invest; it's just to develop the habit of saving and investing.

It belongs to the category of people who are lazy in using the greatest asset they have, namely the mind to think.
You are not wrong. I agree that people with a lower class economy can easily level up as long as they have a strong desire to progress by trying and working hard to make their wishes come true. Of the many tips for success, we often find true stories that lower-class economic people turn into people with upper-class (wealthy) economies.

Diligence is the mother of good luck. Save the base rich. The classic adage of my environment.

[xSkylarx]

Many people think that when they have income and money they will continue to try to spend it for pleasure, they don't think about investments that can be a helper when bad things happen, and we have to be able to control all expenses and of course have to invest even with a small amount.

If we just follow lust then it will never end so it is necessary to create awareness for ourselves,
limit spending on important things and we also need to invest our money for the future,
who clearly manages it all is so important and needs to be done.

It is the same with if your salary increases, your spending also increases. That is why it is better to have self-control, as we always have in mind that because we do have that money, we need to relax and buy those things, and we don't think about the future. That is really the opportunity to invest, as we do have spare money on it, so we need to make use of it. But it doesn't mean that we refrain from doing it, but we should prioritize investment over that unwanted stuff.

[G_Besar]

Many people think that when they have income and money they will continue to try to spend it for pleasure, they don't think about investments that can be a helper when bad things happen, and we have to be able to control all expenses and of course have to invest even with a small amount.

Everyone basically has a mind to think about investing in their life when they have money. It's just that some people just forget to think about it for themselves so they look happier and more diligent in spending money than leaving some for investment. I also don't know how some people think about this kind of thing, because there are also those who are lazy to invest so they don't do it when they have money. But they always feel regret when they don't invest when the money runs out.

If we just follow lust then it will never end so it is necessary to create awareness for ourselves,
limit spending on important things and we also need to invest our money for the future,
who clearly manages it all is so important and needs to be done.

Some people may just not be smart in managing spending money and controlling their passions so that they will never feel enough with the money they have. And they will also always be more easily influenced by the environment around them for things that are less important and not good for them, so they usually don't hold on to a lot of money for too long because they really don't have a way to manage their finances in life.

[Lorence.xD]

Many people think that when they have income and money they will continue to try to spend it for pleasure, they don't think about investments that can be a helper when bad things happen, and we have to be able to control all expenses and of course have to invest even with a small amount.

If we just follow lust then it will never end so it is necessary to create awareness for ourselves,
limit spending on important things and we also need to invest our money for the future,
who clearly manages it all is so important and needs to be done.

It is the same with if your salary increases, your spending also increases. That is why it is better to have self-control, as we always have in mind that because we do have that money, we need to relax and buy those things, and we don't think about the future. That is really the opportunity to invest, as we do have spare money on it, so we need to make use of it. But it doesn't mean that we refrain from doing it, but we should prioritize investment over that unwanted stuff.

People could do things they like with their money it's up to them since we all have different lifestyle. But you can do 50/50 with your spare money so you could enjoy while having a secure financial in the future. 50% for the things you would like to buy and another 50% for the investment, if you used to this kind of lifestyle maybe you wouldn't notice you already have investment that could save you. If you're consistent enough you could change it to 30/70 something like that which gives you a lot of advantage in the future. Still note that the money you would put at investment still involves a risk. Which could become a win - win situation since you can gather experience from it.

[ancafe]

Correct. And actually if someone is still unable to meet the basic needs of himself and his family then of course that person will not think about investing or anything like that. Because people who are in difficult financial circumstances will be very reasonable to prioritize food and other basic needs.

Breaking away from financial difficulties is always the most difficult challenge for everyone. Especially for someone who has only a little expertise and also a little insight. The person may have to work harder and rest less in order to make more money.

The criteria for people who are able to be involved in investing consistently must have stable income to meet their daily needs. Investment is indeed considered very important to improve your financial level for the better, but meeting the necessities of life is far more important than forcing investment, because people who are in a condition of financial difficulties, of course they will find it difficult to invest.

Getting out of the poverty line is always a difficult challenge, moreover they do not have skills in self-development. The economic conditions that we are currently facing also make it difficult for most people to get decent jobs, so that without work people will not be able to make their lives more stable.

Everyone's priorities are different. Others live in bad conditions for a while and only spare money for investment and think that these bad days will end like this. I am against this idea because investing always involves risk. It will be a waste of time when the expected return is not achieved.

Without a stable income that is supported by steady work, I think everyone will find it difficult to invest. Setting aside money depending on how much they can afford and when settling on a slightly more frugal lifestyle can help, although by no means make things any easier. In investing there is always a risk and it needs to be assessed whether the ability to meet daily needs can offset it because if not then the investment should not be forced.

[mirakal]

Many people think that when they have income and money they will continue to try to spend it for pleasure, they don't think about investments that can be a helper when bad things happen, and we have to be able to control all expenses and of course have to invest even with a small amount.

If we just follow lust then it will never end so it is necessary to create awareness for ourselves,
limit spending on important things and we also need to invest our money for the future,
who clearly manages it all is so important and needs to be done.

Other than that, we should not forget that the job we have right now is only temporary and it will not produce the money we need until the day we die. Having a primary source of income is already a tool to create and make another source of income but not everyone have the right mindset to do it because they are just too blind with the worldly things and so busy in keeping up with the trends which create holes in their pockets and hence the need of money again.