What are some financial secrets that you know of?

[Alpha Marine]

The majority of those trying to look for secrets in order to gain wealth as fast as possible end up encountering the exact opposite and instead lose the majority of their money, anyone that wants to improve their financial situation will have no other option but to do it the old-fashioned way, which is to become way more frugal, save money, increase your income, invest in solid assets and then do this for decades, it is not easy but if you can do it then your golden years will be very pleasant and worry free in terms of money.

I don't think there are any hidden secrets to wealth, like hidden recipes of a good meal. Of course there's are factors to being wealthy but they can't be categorized as secrets. There are things you should do like working hard and smart, not giving up and the rest.

What worked for A will not necessarily work for B. So if you want to follow someone else's textbook then you might fail even though you followed the path of someone that was successful.
There are those who risked it all in an investment and became successful while there are also those who risked it all and became poor.

[serjent05]

What are your secrets?

Many might not believe this but most religious people's secrets to their financial success are tithes and donations.  Since they believe in the promise of God written in the bible.  But on top of these, I believe the secret is how one manages their finances.  If we have lots of incoming money, but failed to manage them correctly we can still end up broke.  Money management I believe is the secret to wealth.

[Asuspawer09]

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?

There wasn't some kind of secret I guess, of the things that I learn that I think are a good thing when it comes to your finances is just don't buy things that you can't afford to buy. I mean it's actually easy to save and invest your money in my experience, but the problem is just we are getting carried by buying things that we can't really afford in reality. If we are going to budget for example our salary we could easily budget it so bills, wants, expenses, food, etc. if you have money to buy something that you like nothing is wrong with that but some people just buy something that they can't just afford resulting in dept.

Also, your gonna need to keep track of your expenses and write it down into something like a list. We notice some people for example have a 100k$ and then instantly just lose all of it without even knowing that they already don't have enough money, it is just because they don't keep track of their expenses they just continue to buy things that they wanted. When I started keeping track of my expenses I easily realize when I already overspend or still have the money to buy what I want.

[Hispo]

I don't have any secrets and to be honest, if some people around here indeed have some secrets which help to accumulate money I doubt they would reveal them out of the blue just because you asked, OP. 

It is a matter of common sense, I think. It can be better to do your own research and even get some professional financial advise if you get it.

There people out there in the economic capitals of the world, whose work is to manage money to take a good cut of it. Consider that.

[dansus021]

I dont think there is secret or maybe there is a secret but I still don't know it yet.

The thing for sure is we need an investment so we can fight against the inflation rate.

Look at this chart



is its like an invincible monster our money year by year will never the same as couple year ago.

so the secret sauce is keep working I'm afraid and doing an investment at least in future our investment can help us

[Sebas.tian]

Here are some of the financial secret:

1) Don't depend on one business: Those that depend in one business in the country find it difficult to grow higher when something negative occur at the moment because they don't have alternative to move on with another business.
2) Savings is another financial secret that can help people to grow financially and materially, because when you save money, it will be very easy for you to buy Bitcoin when the price is low in the market which is the best season many potential investors used to buy and hold for a better future.
3) keep off bad company is another financial secret that can make you to set up many businesses around your environment that will make you not to lack anything in the future because bad friends will never advice you to do good thing.

[Rockstarguy]

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?

Keep working no matter how small you may be receiving,  no situation, no financial level is permanent as far as you are still consistent with the little things you do to make money you will definitely grow in it.  Do not give up on your business or skill , go harder.
Prepare yourself for opportunities because opportunities will always come your ways, be conscious with the manner how you spend money on things that are not important and taking loan should never always be an option to solve problems,  instead their should be need to generate income . I believe in working hard, doing the right things when it comes to spend money, and get prepared to meet opportunities.

[Lorence.xD]

I don't have any secrets and to be honest, if some people around here indeed have some secrets which help to accumulate money I doubt they would reveal them out of the blue just because you asked, OP. 

It is a matter of common sense, I think. It can be better to do your own research and even get some professional financial advise if you get it.

There people out there in the economic capitals of the world, whose work is to manage money to take a good cut of it. Consider that.

That's why it's called a secret right, because once people acknowledged that method they are doing for earning money for sure it could be an competition. Still I think that those methods that they've discovered is from exploring and risking their assets too so that could one of the reason for them not to reveal it. With or without financial advise if you are eager to learn and earn you would always find way to profit. Were already in the era of the internet there's a lot of advices and techniques online why do you think despite of the information online still some people doesn't become successful? Because it's still depend on the person on how they manage their financial. Even those government officials whose corrupt which is illegal they won't even reveal it to the public lol.

[lizarder]

I don't have any secrets and to be honest, if some people around here indeed have some secrets which help to accumulate money I doubt they would reveal them out of the blue just because you asked, OP.

What I know is the formula is process and hard work in forming self-skills, so that we are needed not offering ourselves. When we live and grow up, looking for wealth is not an easy job, moreover there is no financial support from the family and we find many things after going through this long process. Not everyone is lucky to get rich in the same way because different people have different ways to generate finance.

It is a matter of common sense, I think. It can be better to do your own research and even get some professional financial advise if you get it.

The main thing we need to do is know our own character and where the place is suitable for us. Everyone has skills but they need to be studied to find out, when this can be recognized then we will work in the right place and in the end it will be easy to achieve financial independence or wealth.

There people out there in the economic capitals of the world, whose work is to manage money to take a good cut of it. Consider that.

Consider what can be done and continue to practice the skills we have, wealth is not only found in business or investment. There are many people who are able to make money just by creating one technology or application in a certain field, wealth is unlimited and people can earn it when they know where the position is suitable for them. That's why we need to recognize the skills we have, so that it's easier to implement and try to set the success targets we hope for.

[xSkylarx]

I don't have any secrets and to be honest, if some people around here indeed have some secrets which help to accumulate money I doubt they would reveal them out of the blue just because you asked, OP. 

It is a matter of common sense, I think. It can be better to do your own research and even get some professional financial advise if you get it.

There people out there in the economic capitals of the world, whose work is to manage money to take a good cut of it. Consider that.

That's why it's called a secret right, because once people acknowledged that method they are doing for earning money for sure it could be an competition. Still I think that those methods that they've discovered is from exploring and risking their assets too so that could one of the reason for them not to reveal it. With or without financial advise if you are eager to learn and earn you would always find way to profit. Were already in the era of the internet there's a lot of advices and techniques online why do you think despite of the information online still some people doesn't become successful? Because it's still depend on the person on how they manage their financial. Even those government officials whose corrupt which is illegal they won't even reveal it to the public lol.

I just remembered something about not sharing secrets. Before, when you ask someone who is earning online, they are not sharing information on you; they are telling an alibis or they will say it is secret, which means if it is revealed, there will be competition on it, and it is possible that they can lose it. That is why it is kept secret, as the risk of this for them is huge. They can only give tips, like they will research this, but they won't tell you the right method on how to earn that way.

[palle11]

What are your secrets?

Many might not believe this but most religious people's secrets to their financial success are tithes and donations.  Since they believe in the promise of God written in the bible.  But on top of these, I believe the secret is how one manages their finances.  If we have lots of incoming money, but failed to manage them correctly we can still end up broke.  Money management I believe is the secret to wealth.

There is a sense in the religious inclusion that you have made and it is very correct to say that if you look at the bible where God promise the benefits of giving tithes and offerings which is used to maintain the temple of God. So many religious people understand and follow such doctrine having them to believe that once they keep to that, every endeavour to go into will flourish. If this is done then a little water can become an ocean after all God used 5 fish to feed multitude of people. The miracle of the old still exist, so managing your fiance is not just the issue but being properly guided.

[tjtonmoy]

I know only one secret. I will share it with ya. This is not a "secret" kind of secret. But more likely a piece of advice that most people won't tell you. The thing is, have friends who are successful. If you have an idea that you want to make and business out of it, then share it with those who are successful. Those who are not successful, they will never be able to give you good advice. Most of the time they will find the negative side of your idea and discourage you. Because they lack experience and this is very important when it comes to getting success.

And one more thing that I want to add is, always have spare money in hand for investing. You will never know when the opportunity will come. So don't miss out on something just because you didn't have that asset to invest. This will help you in the long run.

[bestcoins1]

I just remembered something about not sharing secrets. Before, when you ask someone who is earning online, they are not sharing information on you; they are telling an alibis or they will say it is secret, which means if it is revealed, there will be competition on it, and it is possible that they can lose it. That is why it is kept secret, as the risk of this for them is huge. They can only give tips, like they will research this, but they won't tell you the right method on how to earn that way.

I've come across cases like that in an association in the past where someone who was already successful by becoming a content creator on YouTube didn't want to share his knowledge with friends he often hung out with at that time. I considered it very stingy at the time, but after knowing the real reason I also began to realize that everything related to income or money would not be good to be disclosed openly to the environment or to the people around us.

Because competition will definitely be formed when there are already many people doing the same job at the same time, so someone who doesn't want to provide specific methods for other people in terms of making money online is someone who wants to be wise with himself so he tries to replace things that with a better tip for those friends to learn from.

[Aanuoluwatofunmi]

What are your secrets?

Many might not believe this but most religious people's secrets to their financial success are tithes and donations.  Since they believe in the promise of God written in the bible.  But on top of these, I believe the secret is how one manages their finances.  If we have lots of incoming money, but failed to manage them correctly we can still end up broke.  Money management I believe is the secret to wealth.

There is a sense in the religious inclusion that you have made and it is very correct to say that if you look at the bible where God promise the benefits of giving tithes and offerings which is used to maintain the temple of God. So many religious people understand and follow such doctrine having them to believe that once they keep to that, every endeavour to go into will flourish. If this is done then a little water can become an ocean after all God used 5 fish to feed multitude of people. The miracle of the old still exist, so managing your fiance is not just the issue but being properly guided.

You guys are all right, there must be a double check approach to ensure that what we do is making profits for us and we should ensure that we back it up with the two significant suggestions which is the religious tithing believe and the business ethics models and principles of running a successful business, career and enterprises, when we see things are working out the way they ought to be, it's a clear indication that they are doing what is meant to be done for the required outcome they see in whatever they do, they wouldn't tell anyone about their secrets except you ask.

[BigBos]

What are your secrets?

Many might not believe this but most religious people's secrets to their financial success are tithes and donations.  Since they believe in the promise of God written in the bible.  But on top of these, I believe the secret is how one manages their finances.  If we have lots of incoming money, but failed to manage them correctly we can still end up broke.  Money management I believe is the secret to wealth.

I'm not going to argue with this because there are so many religions that say the same thing, but regardless, I think it's true that helping others by giving if we have excess is the right thing to do.
But that doesn't mean we have to give and expect the promise that has been set because we also still have to keep trying to manage our lives better.
Don't let when there is something like that in our own religion, we are very resigned because we have received a promise that when we help, we will get something in return because I don't think the concept is like that.
Helping is a must if we are able and we also have to make ourselves better in terms of financial management so that we can get the goals of what we hope for and we cannot realize that if we do not start with good planning and management in our finances.

[JayJuanGee]

[edited out]

The age matters a lot. I can tell from the people that I talk to, the younger they are the more they are willing to take a gamble in crypto and also the less they are willing to put serious effort into learning about it.

Fuck shitcoins.

Learn about bitcoin first, and if you still want to play around with shitcoins, after you learn about bitcoin and after you have already established your bitcoin stake, then surely make sure that you do not overdo your allocation into shitcoins and realize that you are gambling a lot with them... and bitcoin is already risky enough and shitcoins are correlated to bitcoin, so starting with bitcoin first and building up a bitcoin portfolio first would make sense also in terms of attempting to avoid having shitcoins dilute your bitcoin investment.

[DaNNy001]

The majority of those trying to look for secrets in order to gain wealth as fast as possible end up encountering the exact opposite and instead lose the majority of their money, anyone that wants to improve their financial situation will have no other option but to do it the old-fashioned way, which is to become way more frugal, save money, increase your income, invest in solid assets and then do this for decades, it is not easy but if you can do it then your golden years will be very pleasant and worry free in terms of money.

I don't think there are any hidden secrets to wealth, like hidden recipes of a good meal. Of course there's are factors to being wealthy but they can't be categorized as secrets. There are things you should do like working hard and smart, not giving up and the rest.

What worked for A will not necessarily work for B. So if you want to follow someone else's textbook then you might fail even though you followed the path of someone that was successful.
There are those who risked it all in an investment and became successful while there are also those who risked it all and became poor.

Every human being varies in life even the identical twin varies in their body build and also their characters and actions and that's why same action doesn't work out all well for everyone. Just like you said most people tend to think that there is some big secret to life and that's why only a few set of humans tend to be successful. Well I think to be successful is pretty simple although they are some factors that may hinder you but in overall it's quite not hard as life itself comes with basic principles and only few actually go as far as understand the simple basic principles to life which is feel one of them would be a focus and hardworking mind. A hardworking person would always have an upper hand over a lazy person and moreover it's always the lazy ones that think copying other people way to success is the only option.

[SmartGold01]

[edited out]

The age matters a lot. I can tell from the people that I talk to, the younger they are the more they are willing to take a gamble in crypto and also the less they are willing to put serious effort into learning about it.

Fuck shitcoins.

Learn about bitcoin first, and if you still want to play around with shitcoins, after you learn about bitcoin and after you have already established your bitcoin stake, then surely make sure that you do not overdo your allocation into shitcoins and realize that you are gambling a lot with them... and bitcoin is already risky enough and shitcoins are correlated to bitcoin, so starting with bitcoin first and building up a bitcoin portfolio first would make sense also in terms of attempting to avoid having shitcoins dilute your bitcoin investment.

You are absolutely correctly sir!
But most time or do call it sometimes there are people who loves immediate profits without having to study about bitcoin first having the mindset that they could make more by either buying and holding altcoin or by just buy and stake their altcoin without knowing that they all depends on bitcoin for a faster growth. That is, without bitcoin having to move in percentage respect to price changes there isn't a way altcoin would swim very faster to give them the expected profits needed to make from it.

Altcoin as said are just waste of investment or lemme call it gamble as you do say because most of them hardly survived the bear whenever the market seems very heavy for those shitcoin to scale through what they does is to pause and remains stagnant meaning at this point the investors or projects owners has removed liquidity from those shitcoin and before you could realized the balance instantaneously turns to zero amount, in returns for making a quest to diversify ones investment without knowing they are indirectly or directly involving themselves with gambling.

Apparently bitcoin should be studied very carefully before one could take a final decision to venture into it otherwise due to the volatility level might end being failed up with price manipulation over the time. So what needed is to devote time and study about bitcoin and give it a maximum of 4 years at least to meet up with its circle, meaning for one to enjoy the increase in bitcoin and fast growing also for profits purpose they most hold to meet the halving when the price spike to meet another ATH then they may decides to sell off their holdings if actually investor decides to sell.

[Y3shot]

[edited out]

The age matters a lot. I can tell from the people that I talk to, the younger they are the more they are willing to take a gamble in crypto and also the less they are willing to put serious effort into learning about it.

Fuck shitcoins.

Learn about bitcoin first, and if you still want to play around with shitcoins, after you learn about bitcoin and after you have already established your bitcoin stake, then surely make sure that you do not overdo your allocation into shitcoins and realize that you are gambling a lot with them... and bitcoin is already risky enough and shitcoins are correlated to bitcoin, so starting with bitcoin first and building up a bitcoin portfolio first would make sense also in terms of attempting to avoid having shitcoins dilute your bitcoin investment.

Investing in shitcoins is like playing gamble which you can end up losing all the money that was invested put in. Shitcoins are very risky to consider as a serious investment, I think putting Bitcoin first is a good decision as investment. Bitcoin has it own risk but can never be compared to the risk in shitcoins ,  shitcoins should never be taken serious as investment but where to put little amount of money that if it get lose no need to get worried much. Making bitcoin as first investment is the best idea for investment.

[serjent05]

[edited out]

The age matters a lot. I can tell from the people that I talk to, the younger they are the more they are willing to take a gamble in crypto and also the less they are willing to put serious effort into learning about it.

Fuck shitcoins.

LOL

Learn about bitcoin first, and if you still want to play around with shitcoins, after you learn about bitcoin and after you have already established your bitcoin stake, then surely make sure that you do not overdo your allocation into shitcoins and realize that you are gambling a lot with them... and bitcoin is already risky enough and shitcoins are correlated to bitcoin, so starting with bitcoin first and building up a bitcoin portfolio first would make sense also in terms of attempting to avoid having shitcoins dilute your bitcoin investment.

I agree, Bitcoin is a sure thing, I do not understand why other people are still looking for scam coins to get profit.  Greed sure gets in their nuts, trying to get in a rich quick scheme where in the end they will get scammed and lose everything.  It is proven in the history of altcoin that many investors' funds got burned because they were trapped by their greed.