What are some financial secrets that you know of?

[Plaguedeath]

Hmmm. I see,you must be a rich person from the way you stated this with assurance. At some point I stopped reading and have a thought of your three steps towards successful and number three was very cool with me. To be successful in life is not easy because one must be discipline, committed and have positive thoughts towards his goals.

No, not yet. I'm still working, collecting every pennies and invest my money. Still far to achieve financial freedom, but at least I understand how to get rich.

No one wants to be poor, no one wants to work for someone else, and no one wants to do a low paying job. But the problem is that many people do not have a high education or do not have too many skills, how can they get a good salary? You try to ask everyone, does anyone criticize the good salary? But it is not easy to get there.

I also advise those who want to get rich to invest, but investing is still risky and not 100% guaranteed to be profitable. So, having no savings and putting all your money into investments is bad advice.

Depending on the needs and circumstances of each person, excessive savings will also cause your health to go down seriously, and without health, you cannot earn money. Save wisely, don't be too stingy with yourself.

The problem of high education and not have many skills are their problem, if you not have a good financial, get a scholarship. If you not have many skills, learn by yourself, practice everyday and join the community. Every person has it's own cell phone, use it properly, not only for playing game or watching porn.

If you worried all of your money would gone since investment is risky, there's called diversification.

Life is a choice, you either save your money in fiat where it's much safer but you will become poor because the value is always decrease or taking some risk to invest your money and you have a chance to change your life in the future.

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[icalical]

All of the replies said there is no secret, and its probably true. Maybe the question should be revised, 'What are some financial tips that actually work, that you know of?'. I am on my late twenties now, and to be honest lately I made a lot of bad decision on my financial.

I would really like to hear some of advices given by people on their 40+, I lost my parents on my early twenties, so I couldn't ask them before I realize I need to make good financial decision.

Why not consider seeking the counsel of a financial advisor who's around 50 years old? I'm sure everyone has made mistakes in handling their finances, but those experiences can serve as invaluable lessons to encourage greater caution in money matters.

It's unfortunate when someone acknowledges their financial decisions are wrong, yet they refuse to stop making them. This situation won't improve their financial well-being unless they start heeding advice from a certified financial advisor.

Actually I have, I went to a financial advisor, not a 50 years old, I don't think the age matters if it's a professional. All I am saying is that we can take much lesson from both expertise and experience, that's why I said 50 years old because I am just curious of how their experience handling their financial. The same as we can learn from both mistake succeed.

[jossiel]

Do not be showy to the people you know that you've got money or else they'll come to you and ask to borrow money. And when you don't lend them money, you're bad in their eyes.

That's going to put a possible pressure to you if you can't take those type of feedbacks with your action. And it is the reason that if you've got money to spend in the things you like, always remain lowkey.

Staying lowkey is good that is if you are a starter in your financial process because there is a financial level you get to you can not stay lowkey, I mean people already know you even if you decide to stay on lowkey. However, back to your first point, I don't think giving is bad but you only have to be reasonable. If you are not a huge spender on things that are not necessary then to invest will be a challenge.

Starter or not, being lowkey is like an attitude. Even you'll reach at the top level and ceiling of success, you are you and you can decide whether to get yourself remain as a lowkey person.

I've known successful and rich people that are continuing to remain lowkey and they're successful about it. People don't even know how successful and rich they are so, there's really no starting point or ending point on being one.

[libert19]

Full-fill your wants with interest that comes out of your investments, make money while you sleep. If hard work were to equal to wealth, the workers would be richest.

[Fortify]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

I think the biggest "secret" is that there is no secret. Most people got financially comfortable through a career of hard work, paying off a house and simply enjoying life along the way. Others set up a business which is much harder and more stressful, but they get to keep more of the profits along the way. It's important to learn as much about finance as possible when you're younger, read lots of different books about people who successfully traded on the stock market and it will open your eyes to the vast amounts of wealth out there - along with how to capture some of it for yourself. The trickier you get when it comes to finances, the more likely you are to get caught up and ultimately end up paying penalties.

[DanWalker]

All of the replies said there is no secret, and its probably true. Maybe the question should be revised, 'What are some financial tips that actually work, that you know of?'. I am on my late twenties now, and to be honest lately I made a lot of bad decision on my financial.

I would really like to hear some of advices given by people on their 40+, I lost my parents on my early twenties, so I couldn't ask them before I realize I need to make good financial decision.

Why not consider seeking the counsel of a financial advisor who's around 50 years old? I'm sure everyone has made mistakes in handling their finances, but those experiences can serve as invaluable lessons to encourage greater caution in money matters.

It's unfortunate when someone acknowledges their financial decisions are wrong, yet they refuse to stop making them. This situation won't improve their financial well-being unless they start heeding advice from a certified financial advisor.

Actually I have, I went to a financial advisor, not a 50 years old, I don't think the age matters if it's a professional. All I am saying is that we can take much lesson from both expertise and experience, that's why I said 50 years old because I am just curious of how their experience handling their financial. The same as we can learn from both mistake succeed.

If I were you, I would also seek advice from people with real-world experience rather than going to a certified financial advisor. Because in my opinion, they are just trained experts but only in theory, and most are not people with outside practical experience. I wonder, if financial advisors are really good at managing their finances and can give advice to others, why haven't they become rich yet? I'm not saying their advice is completely useless, but the advice of those with practical experience will be more effective.

[yhiaali3]

As I expected, no one will share his secrets here in a public forum. There are no secrets in the sense of secrets that can be hidden from people, but there are things that some people master and others do not.

Likewise, there are opportunities that come from which some benefit and others do not. Also, these opportunities may be good for some people, but they are not good for you. You have to wait for your right opportunity only. You may have your opportunity, but it has not come yet, so you should always look for the right opportunity and invest it in the best way when it comes.

[marcous]

1. Obey taxes, this will save our finances from fines
2. Avoid debt at the Bank for purposes that are not so important as buying a car.
3. Simple in this lifestyle will make it easier for us to interact and not attract the attention of others.
4. Saving doesn't mean stingy, but setting priorities before spending money is wise.
5. Investment, in any form investment is the best way to keep the value of money maintained.
6. If business people try to be honest, this will put the business towards rapid development
7. Sharing a little money with less fortunate people, will make us feel happy.

[Sterbens]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

I think the biggest "secret" is that there is no secret. Most people got financially comfortable through a career of hard work, paying off a house and simply enjoying life along the way. Others set up a business which is much harder and more stressful, but they get to keep more of the profits along the way. It's important to learn as much about finance as possible when you're younger, read lots of different books about people who successfully traded on the stock market and it will open your eyes to the vast amounts of wealth out there - along with how to capture some of it for yourself. The trickier you get when it comes to finances, the more likely you are to get caught up and ultimately end up paying penalties.

I would probably prefer to refer to it as tips for achieving excellent finances. Commitments made in the beginning should be held firm, unless there are things that force us to cancel our initial commitments.
Actually building this kind of thing is something that looks easy, but when doing it is very difficult. There are many factors that we must consider in detail. For small things like the environment alone it will have a big influence on our journey. I am reminded of a term "if we gather with perfumers, then we will become fragrant" and I think this also applies to the situation of someone building something we want to achieve in the future.

[Minecache]

No one wants to be poor, no one wants to work for someone else, and no one wants to do a low paying job. But the problem is that many people do not have a high education or do not have too many skills, how can they get a good salary? You try to ask everyone, does anyone criticize the good salary? But it is not easy to get there.

I also advise those who want to get rich to invest, but investing is still risky and not 100% guaranteed to be profitable. So, having no savings and putting all your money into investments is bad advice.

Depending on the needs and circumstances of each person, excessive savings will also cause your health to go down seriously, and without health, you cannot earn money. Save wisely, don't be too stingy with yourself.

The problem of high education and not have many skills are their problem, if you not have a good financial, get a scholarship. If you not have many skills, learn by yourself, practice everyday and join the community. Every person has it's own cell phone, use it properly, not only for playing game or watching porn.

Of course, it's their problem, but you're not them, you don't know why they got into that situation. It sounds easy to say, but many children born into poor families have to drop out of school from grade 3 to help their parents earn money or have to drop out of college midway because of an unexpected event that happened to their family...millions of difficult circumstances that never seemed to exist in this world. If you have the opportunity to encounter such situations, you will understand that not everyone is fully educated or everyone has a smartphone to use.

This world is colorful, we only know what is happening around us but do not know what is happening in many parts of the world, so it is difficult to judge anyone by our thoughts.

[kryptqnick]

Like others here, I don't think there are any secrets. Sometimes people find exploits of some systems and thus get much more money than they were supposed to. Sometimes people are born into wealth, which makes it much easier to become even wealthier. And often it's just a lot of luck, managing to invest into something that turns out to be highly profitable. One can gradually work on improving financial situation, but a lot still depends on the person's initial social status and other circumstances that can play for or against a person. But what is important, IMO, is to not get overly obsessed with the financial side of things, ignoring that there's much more to life than money.

[synchronym]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

I personally think that when a person is rich there is nothing to hide about it because it is natural that people will talk about it. There is no secret formula to get rich all you have to do is invest money. By investing that money you have to work hard then success will come in your life. If someone has a secret, it is better not to reveal it in public.

[posi]

As I expected, no one will share his secrets here in a public forum. There are no secrets in the sense of secrets that can be hidden from people, but there are things that some people master and others do not.

Likewise, there are opportunities that come from which some benefit and others do not. Also, these opportunities may be good for some people, but they are not good for you. You have to wait for your right opportunity only. You may have your opportunity, but it has not come yet, so you should always look for the right opportunity and invest it in the best way when it comes.

I don't know if everyone has any secrets, but I myself have a stable life and a good income, but I don't have any secrets. Other than working hard, always seizing opportunities and being willing to take risks, I don't know any other way to become successful. For me, taking chances and taking risks is something that I am always ready to take.

For example, many people try to prove themselves right by only investing in bitcoin and ignoring altcoins because they think they are trash. But for me, the opportunity to profit from altcoins is huge despite the high risk, so I have no reason to ignore them just because people ignore them. To be honest, during the bull season 2021, I made huge profits from altcoins, but many people stubbornly ignored it.

In my opinion, the secret to finance is to take a chance and step out of your comfort zone to explore bigger things.

[icalical]

All of the replies said there is no secret, and its probably true. Maybe the question should be revised, 'What are some financial tips that actually work, that you know of?'. I am on my late twenties now, and to be honest lately I made a lot of bad decision on my financial.

I would really like to hear some of advices given by people on their 40+, I lost my parents on my early twenties, so I couldn't ask them before I realize I need to make good financial decision.

Why not consider seeking the counsel of a financial advisor who's around 50 years old? I'm sure everyone has made mistakes in handling their finances, but those experiences can serve as invaluable lessons to encourage greater caution in money matters.

It's unfortunate when someone acknowledges their financial decisions are wrong, yet they refuse to stop making them. This situation won't improve their financial well-being unless they start heeding advice from a certified financial advisor.

Actually I have, I went to a financial advisor, not a 50 years old, I don't think the age matters if it's a professional. All I am saying is that we can take much lesson from both expertise and experience, that's why I said 50 years old because I am just curious of how their experience handling their financial. The same as we can learn from both mistake succeed.

If I were you, I would also seek advice from people with real-world experience rather than going to a certified financial advisor. Because in my opinion, they are just trained experts but only in theory, and most are not people with outside practical experience. I wonder, if financial advisors are really good at managing their finances and can give advice to others, why haven't they become rich yet? I'm not saying their advice is completely useless, but the advice of those with practical experience will be more effective.

Yep, right, that's what I was trying to do on my first reply, asking for an experienced forum member.
However, I think both are equally important, it's true that an expert is more theoretical, but that's not bad. People with experience may life through a bad financial decision and solve it, but most of the time they wont be able to explain the 'why' and 'how', an expert eventho they are maybe not actually experienced what they say, they most likely will be able to explain the possible action and what will be the risk and benefit of the action they suggest.

[Negotiation]

Every person has financial secrets and struggles with lifestyle decisions many people have a lot of money but don't use it. And for this reason it is necessary to invest money otherwise, as the value of money decreases day by day, it will worsen your financial condition at some point. It is impossible to move in any specific direction without a goal. Although there are many things in life than money, you should keep your goals in mind. Setting a goal is easy but consistently moving towards it is difficult. But it is not an impossible task it is necessary to move slowly towards certain goals and monitor your progress all the time.

[Jatiluhung]

I think secret things will no longer be secret if they have to be told to other people. So it's better for me not to share my secrets about my finances with other people.
I'm just kidding  because actually there is no secret that I can tell. because I am still in the process of increasing my financial. and have not yet reached the stage of being rich. And in managing my finances I still only use general methods that are also widely discussed by economists.

I thought it would be great if the question was about important tips we have for increasing our wealth that not many people know about.

[lizarder]

Hey everyone. What are some of your wealth secrets that you could share with us?

Someone gets wealth in different ways, there is by trading, doing business or in other ways. So if asked how we get wealth then there will be many versions that will be explained by each person who sees this post.

Buying homes with cash and taking loans out on it?

I personally prefer to buy a house using cash and will not take out a loan to buy a house. If you take out a loan, there are many burdens that we have to think about every month and it will be quite problematic when our work is not clear.

What are your secrets?

Trying to save slowly or trying to invest bitcoin in a way that we can do. For me owe is not a solution to buying a house because we will be faced with much bigger problems when happen a layoff at work.

[YOSHIE]

What are your secrets?

We know that on average 99% have secrets of life, wealth, economy, work and so on, 99% of those who post here about their secrets are not published and disclosed and are not true, just look at their account names are kept secret what else is wealth, it really can't be disclosed here, it's all private, if that's your question, I'm sure you'll get bullshit here.

You shouldn't ask people's wealth secrets here, what you should be asking is: Bitcoin secrets maybe it's better to ask.

[Jawhead999]

Choosing either buy house via cash, credit or taking out loan is depend on each person. Either of them aren't financial secret because you're spend your money and it's one of the most important spending aside food.

Well avoid to pay tax by taking advantage over tax haven country might be one of financial secret, as long as you can do it smoothly and you're unethical person, you can do that.

Maybe some of other financial secret are:
1. Corruption
2. Steal someone money through phishing site
3. Create a shitcoin and shill it everywhere, then run away after there are many investors invest

[CageMabok]

Actually I have, I went to a financial advisor, not a 50 years old, I don't think the age matters if it's a professional. All I am saying is that we can take much lesson from both expertise and experience, that's why I said 50 years old because I am just curious of how their experience handling their financial. The same as we can learn from both mistake succeed.

People who have reached 50 years of age have obviously had more experience in life and you can't go wrong by going and asking him about how to handle finances in life. Because he will definitely tell you about the failures and successes he experienced when he was young with the trials and challenges he faced in his life. So you can draw conclusions from what he says for you to use in your life even if you don't have to use everything he says because past experiences don't all match up with the present.

Full-fill your wants with interest that comes out of your investments, make money while you sleep. If hard work were to equal to wealth, the workers would be richest.

In this day and age hard work is not enough to make someone rich, because besides having to work hard, one also needs to work smartly to optimize his income in life. Now is the time like that, so everyone must be able to rely on himself to be able to adapt to the environment so that we can work more comfortably to achieve a better income in life.