Having a problem a Personal Finance?

[Hotsit]

To break the cycle I the increased the number of savings and watched videos what are the mistakes I've made in my decision so I can easily manage what are things need to avoid and do to make sure I can easily manage my money.

Increasing number of savings and watch videos is not enough to get you to your desired money life, It's just like working hard in a cycle without a discipline there will be no direction of your hard work. Watching videos and increasing number of savings is the hard work but consistently saving is discipline and you lack organization, try to organize yourself. Prepare for a future challenge believe me the challenge may not come because you are prepared or it might come but because you are organized you will not fall for it. Your cash flow will remain on the increments.

It's good too if you have a good network of business minded and successful man so you can learn from their experience.

Yes! Your correct they serve as a mirror to what you want. My dad always told me that "Learn from other people's Mistakes" watch this successful men closely you will find the areas they are doing much well and you give attention to their regrets too then you won't make any mistake that they have made which will keep you on a stand to be way more successful than them.

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[adzino]

-snip-
here are some things that can help you in this matter, and some of them are:

[a.] Read books related to personal finance.

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

[c.] Watch videos that can give you inspiration to become better. And mingle with people who have a positive outlook on life.

Got some nice points, but it is not always valid and it is not as easy as you think. For some people, no matter how much they try, its very difficult for them to to solve their financial problems. You can mainly blame the economy of their country and the shit government they have.
1. Reading books will never solve your personal financial problems. Maybe it might help you improve a little by giving you suggestions what to do, but it won't completely get rid of your problems.

2. I doubt Bitcointalk forum is the best place. It's a crypto currency related forum where most people give you suggestions related to crypto. If someone posts about their financial problem, I bet, 90% of the replies will be suggesting him to invest in crypto (even though he can't afford to).

3. Nah, videos won't do anything. Avoid those so called financial influencer at all cost.

[Jatiluhung]

Sometimes we can find ourselves in unexpected situations that can disrupt our finances a little. Even at one point an emergency can also make someone give up on managing finances. Because when someone goes to great lengths to collect money but then has to use it for things they didn't plan beforehand. So this can make someone feel a little down and lose motivation to collect money again with good management. The location of this problem is actually quite simple. namely because we didn't prepare an emergency fund from the start. If we prepare for emergencies from the start then we can still face unexpected situations calmly. Many people know about the importance of having an emergency fund. But the reality is that very few actually prepare for it.

In fact, many people also want to prepare themselves to prepare an emergency fund. But we also have to know that not everyone can do it. Because a person's existing conditions sometimes make them unable to prepare emergency funds. Like because their income is only enough to cover their daily expenses.

But for someone who has more money or money left over after meeting all basic needs. So of course they have to save the money for a partial emergency fund and a partial investment. Well, we have to be smart about dividing our finances into the most important things. And also to prepare for the future.

[so98nn]

Currently, I'm attending a seminar on how lifestyle inflation matters.

Good luck with that seminar and for sure that you'll learn a lot from there. When someone earns more, this is the usual problem that one has to tackle.
They are also increasing the spending habits that they don't have before and that's just being the typical person does when we can't get those things before.
But since our profit or salaries have increased, that's the time that we're spoiling ourselves with those material things and services that we can't afford before.

These are some new sort of life hacks that are getting published everywhere. I am not sure if they are business models or whether they really help revive situations like the one mentioned. Though I am believer of self learning process I think some of them like to get motivated from the talks of others. In my case I have seen it as temporary motivation. Once I forget the speech I usually end up squaring up myself to first position again.
Better way learn our accounting ourselves and follow the math on cyclic period. This can help a lot over the time to understand where we spending more or less. Management becomes as easy as it’s daily routine of our job. Hope so everyone get their lessons and keep up the modern economic fuzz together.

[ichsan ardi]

       -   You, yes, you. Are you tired? Can't make progress? Or every time you move forward, something bad always happens? Are you in a situation where you have to start from scratch again? Where does your problem start? in money? Why do you always have no money? Is it because of your responsibilities for your family or because you just don't have spending discipline? It is important that you know what the root of your problem is? Maybe the reason you are not making progress is because you spend a lot, so every time you have an emergency, you move your savings? Or sometimes you can borrow a cape. How to handle money What is real personal finance? What do you have to do to learn it? There are some things that can help you in this matter, and some of them are:

[a.] Read books related to personal finance.

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

[c.] Watch videos that can give you inspiration to become better. And mingle with people who have a positive outlook on life.

I really agree with points A and C. For example, with point A, I read a book entitled the psychology of money, personal finance and how I manage money has changed drastically, as well as watching Andrew Tate, almost all of my life I still remember it. he said, you don't need continuous motivation, the most important thing is to be disciplined

[stomachgrowls]

      -   You, yes, you. Are you tired? Can't make progress? Or every time you move forward, something bad always happens? Are you in a situation where you have to start from scratch again? Where does your problem start? in money? Why do you always have no money? Is it because of your responsibilities for your family or because you just don't have spending discipline? It is important that you know what the root of your problem is? Maybe the reason you are not making progress is because you spend a lot, so every time you have an emergency, you move your savings? Or sometimes you can borrow a cape. How to handle money What is real personal finance? What do you have to do to learn it? There are some things that can help you in this matter, and some of them are:

[a.] Read books related to personal finance.

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

[c.] Watch videos that can give you inspiration to become better. And mingle with people who have a positive outlook on life.

I really agree with points A and C. For example, with point A, I read a book entitled the psychology of money, personal finance and how I manage money has changed drastically, as well as watching Andrew Tate, almost all of my life I still remember it. he said, you don't need continuous motivation, the most important thing is to be disciplined

Reading up some textbooks or seeing some motivational videos or something that could be learn online wont really be that bad as long it would really be making you that aware on what are the things should be done but

we know that on just making use of your own common sense then who would really be the one will be spending more than on what they do earn? It is really just that absurd on having that kind of thinking or mindset
because it will really be putting you on such condition on which it would really be ending up for you in a disaster just because you had tolerate out that kind of behavior on which it isnt a must thing to be done.
If you do see that you are earning less but spending tons then sooner or later you would really be finding yourself sleeping on the streets because you have sold everything or having that huge loan.

Always be having or mindful about personal financial management because if you do find yourself that too careless about this one then it would really be a huge problem on your part.
and this is something that we do let these things to happen.

[Wakate]

       -   You, yes, you. Are you tired? Can't make progress? Or every time you move forward, something bad always happens? Are you in a situation where you have to start from scratch again? Where does your problem start? in money? Why do you always have no money? Is it because of your responsibilities for your family or because you just don't have spending discipline? It is important that you know what the root of your problem is? Maybe the reason you are not making progress is because you spend a lot, so every time you have an emergency, you move your savings? Or sometimes you can borrow a cape. How to handle money What is real personal finance? What do you have to do to learn it? There are some things that can help you in this matter, and some of them are:

[a.] Read books related to personal finance.

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

[c.] Watch videos that can give you inspiration to become better. And mingle with people who have a positive outlook on life.

I really agree with points A and C. For example, with point A, I read a book entitled the psychology of money, personal finance and how I manage money has changed drastically, as well as watching Andrew Tate, almost all of my life I still remember it. he said, you don't need continuous motivation, the most important thing is to be disciplined

Discipline is an important aspect that will enable us to control ourselves whenever we are influenced to make some unnecessary expenses. Reading books is a way for us to work on our personal finance which will trigger the way we think and make financial decisions that will aid us to spend responsibly. We need to change our mentality for us to get the best out of our plans. Those that are making it in the market now are people that have disciplined themselves to a level where they don't have stress it or force themselves to discipline.

[landheer]

Most people have experienced something like a lack of money or a downturn in the economy. Yes, the advice you give is indeed useful. And what's important is that we also have to be able to manage finances. and expenses must be adjusted to income. but I think it's also good if we are good at saving and investing. But of course, before investing, knowledge must be the priority.

[CarnagexD]

-snip-
here are some things that can help you in this matter, and some of them are:

[a.] Read books related to personal finance.

[b.] Always hang out here on the Bitcointalk forum; you can see and learn a lot from this platform.

[c.] Watch videos that can give you inspiration to become better. And mingle with people who have a positive outlook on life.

Got some nice points, but it is not always valid and it is not as easy as you think. For some people, no matter how much they try, its very difficult for them to to solve their financial problems. You can mainly blame the economy of their country and the shit government they have.
1. Reading books will never solve your personal financial problems. Maybe it might help you improve a little by giving you suggestions what to do, but it won't completely get rid of your problems.

2. I doubt Bitcointalk forum is the best place. It's a crypto currency related forum where most people give you suggestions related to crypto. If someone posts about their financial problem, I bet, 90% of the replies will be suggesting him to invest in crypto (even though he can't afford to).

3. Nah, videos won't do anything. Avoid those so called financial influencer at all cost.

Goodluck to all of those because the most important patrt was still upon you as a person. How are you going to apply the things you've learned on a book. How do these people in the forum are influencing you, your behavior, and financial decisions. How do these videos are eating your time or educating you?

It's always upon you and you have to figure out on your own what best financial decision is the best for your own situation.

[bayu7adi]

I really agree with points A and C. For example, with point A, I read a book entitled the psychology of money, personal finance and how I manage money has changed drastically, as well as watching Andrew Tate, almost all of my life I still remember it. he said, you don't need continuous motivation, the most important thing is to be disciplined

I'm sorry, but I'd like to counter that reading books isn't really a great problem-solving solution. It might mitigate problems to some extent, but it doesn't resolve them. Books do contain valuable knowledge that can be applied to life and are great for determining the direction of the next steps, rather than fixing existing problems.

The best problem solver to date is advice from an expert. We can consider advice that makes sense from them, without feeling obligated to follow everything they say if it doesn't align with our situation.

Use books as references to avoid future mistakes, not to fix existing problems or past errors.

[benalexis12]

All of us around the world are facing financial problems, except the rich. That they don't really feel it that much. If Op can really do this, it's a good way for us or the other communities in the cryptocurrency business to somehow have an idea of how we can handle the financial problem correctly. Although it's not that easy to do, if we take it to heart, maybe it won't be difficult to do in the end, and after all, it's also for us to learn as people who live in this industry.

[HONDACD125]

All of us around the world are facing financial problems, except the rich. That they don't really feel it that much. If Op can really do this, it's a good way for us or the other communities in the cryptocurrency business to somehow have an idea of how we can handle the financial problem correctly. Although it's not that easy to do, if we take it to heart, maybe it won't be difficult to do in the end, and after all, it's also for us to learn as people who live in this industry.

It is true that many people in the world are facing financial problems. It can be lack of food, it can be lack of wealth and different things affect it. Rich people are not much affected by such situation, be it in the form of inflation or in the form of losses, they get over it quickly and these things do not bother them.

The real fact is that they are financially strong enough to overcome all kinds of problems immediately. On the other hand, if we look at the poor people, a small difficulty or even a small problem becomes a big mountain for them. It goes because financially we are weak, due to which we cannot overcome this difficulty easily. So we have to adopt a good strategy to overcome financial problems. We have to get rid of our overspending and use our savings in different investments so that we can turn to the positive side. Crypto currencies also have opportunities where we can help overcome these challenges by investing.

[blckhawk]

Most people have experienced something like a lack of money or a downturn in the economy. Yes, the advice you give is indeed useful. And what's important is that we also have to be able to manage finances. and expenses must be adjusted to income. but I think it's also good if we are good at saving and investing. But of course, before investing, knowledge must be the priority.

It's useful but that's all there is to it to be honest, that advice seems pretty good in theory but in practice, I think that it's difficult because each people or family if we want to make it more nuanced has a different approach to living day to day and how they make money, some are bad spender but have a good income, some are good spender but bad income and many other combinations added with some more situations.

[Dickiy]

It is true that many people in the world are facing financial problems. It can be lack of food, it can be lack of wealth and different things affect it. Rich people are not much affected by such situation, be it in the form of inflation or in the form of losses, they get over it quickly and these things do not bother them.

The real fact is that they are financially strong enough to overcome all kinds of problems immediately. On the other hand, if we look at the poor people, a small difficulty or even a small problem becomes a big mountain for them. It goes because financially we are weak, due to which we cannot overcome this difficulty easily. So we have to adopt a good strategy to overcome financial problems. We have to get rid of our overspending and use our savings in different investments so that we can turn to the positive side. Crypto currencies also have opportunities where we can help overcome these challenges by investing.

Yes, it seems to have become a common problem for most people, especially those from the lower middle class, who must experience more shortcomings. That's right, lucky enough for those who have more wealth than others or even very rich, maybe some factors that can make life difficult don't really apply to them, because yes as you said it's like a small problem that comes, with that wealth they like to have a lot of lives to continue living.

But yes, even though the rich are strong in financial matters and far above the poor, the rich must also be able to maintain their wealth, it cannot be if they just stand by and enjoy their wealth, remember because life will continue to rotate, it could be because you are careless you lose all that wealth. So to minimize things like that, they rich people need to create strong defenses, such as for example putting some of their money to invest or whatever it is that can make their money continue to grow, it will be able to help you in the future. Honestly, it's a good choice rather than buying something that's not important.

[Patrol69]

Most people have experienced something like a lack of money or a downturn in the economy. Yes, the advice you give is indeed useful. And what's important is that we also have to be able to manage finances. and expenses must be adjusted to income. but I think it's also good if we are good at saving and investing. But of course, before investing, knowledge must be the priority.

We have to spend money according to what we are earning.  If the expenditure is not in line with the income, then no matter how much money you earn, you will never be able to meet your needs with that money. Along with earning money we need to spend money calculatedly and save some money as well as invest money if possible. A person may live a good life by working but if he does not invest or do business then he can never earn much money. So we have to save money and the money we save we have to invest so we can achieve good things in life. In the world, the names of those people are at the top of the list of rich people who do business or invest money.

[dothebeats]

Most people have experienced something like a lack of money or a downturn in the economy. Yes, the advice you give is indeed useful. And what's important is that we also have to be able to manage finances. and expenses must be adjusted to income. but I think it's also good if we are good at saving and investing. But of course, before investing, knowledge must be the priority.

We have to spend money according to what we are earning.  If the expenditure is not in line with the income, then no matter how much money you earn, you will never be able to meet your needs with that money. Along with earning money we need to spend money calculatedly and save some money as well as invest money if possible. A person may live a good life by working but if he does not invest or do business then he can never earn much money. So we have to save money and the money we save we have to invest so we can achieve good things in life. In the world, the names of those people are at the top of the list of rich people who do business or invest money.

Couldn't have said it better. You have to adjust your lifestyle to how much you are earning. You can't expect to save money while earning a small sum and spending it to your heart's content with luxury things and unnecessary purchases. If you keep buying things that will obviously put a huge dent in your savings or will take a huge sum of your earnings then do not expect yourself to achieve financial stability anytime soon. Moreover, you cannot just put everything that is left of your earnings into your savings, instead, you have to divide it to a specific percentage that you are comfortable with and invest it. You cannot expect to earn more if you just rely on your main source of income (your job), you have to either invest or do business, that way your money will not be stuck on spending on unnecessary things or just rotting in your savings account.

[HONDACD125]

It is true that many people in the world are facing financial problems. It can be lack of food, it can be lack of wealth and different things affect it. Rich people are not much affected by such situation, be it in the form of inflation or in the form of losses, they get over it quickly and these things do not bother them.

The real fact is that they are financially strong enough to overcome all kinds of problems immediately. On the other hand, if we look at the poor people, a small difficulty or even a small problem becomes a big mountain for them. It goes because financially we are weak, due to which we cannot overcome this difficulty easily. So we have to adopt a good strategy to overcome financial problems. We have to get rid of our overspending and use our savings in different investments so that we can turn to the positive side. Crypto currencies also have opportunities where we can help overcome these challenges by investing.

But yes, even though the rich are strong in financial matters and far above the poor, the rich must also be able to maintain their wealth, it cannot be if they just stand by and enjoy their wealth, remember because life will continue to rotate, it could be because you are careless you lose all that wealth. So to minimize things like that, they rich people need to create strong defenses, such as for example putting some of their money to invest or whatever it is that can make their money continue to grow, it will be able to help you in the future. Honestly, it's a good choice rather than buying something that's not important.

There is no doubt that all the rich people always try to maintain their wealth, but they always make new plans to increase their wealth. Although they are above the poor in wealth, but this is not the aim at all, rather they need to increase their wealth. Make them work hard to maintain and increase their wealth. Indeed, if one simply enjoys his wealth and is careless, he can lose all his wealth, and there are many such examples.


Therefore, rich people should always keep their wealth in a circle, that is, they should invest it in some place or invest it in different places. From where they continue to get good profits and there is no decrease in their wealth. People who spend their wealth only can lose their wealth very quickly, so this formula is not only for the poor but rich people should also take steps to save and grow their wealth.

[asyakashi]

point number two is the best. but I gather that it is not limited to Bitcointalk, Twitter and Telegram are the best places in the crypto community. Apart from learning about crypto, we can really make crypto a big income for life's needs. Apart from that, in communities here and there there are always projects that we can work on to make money.

[TheSpiral]

We have to spend money according to what we are earning.  If the expenditure is not in line with the income, then no matter how much money you earn, you will never be able to meet your needs with that money. Along with earning money we need to spend money calculatedly and save some money as well as invest money if possible. A person may live a good life by working but if he does not invest or do business then he can never earn much money. So we have to save money and the money we save we have to invest so we can achieve good things in life. In the world, the names of those people are at the top of the list of rich people who do business or invest money. 

People with a successful business is always on the top because they have settled a base for their earning so if they don't do any other job they will take profit from their business.
 
Saving is important because if a person earned 100k$ per month and spend all the amount till the end of the month then having such a large sum of income is not a favorable for him because he Don't know what will be the future and how to manage expenses during inflation so if he know about it then he will make some investment and saving too.

A person who don't save any amount will have surely a better present but his future will be worst as in life one stage arises when a person needs his saved amount for emergency purpose.

[KiaKia]

Facts about personal finance that many people don't take seriously.

1. If you are making less than $50 per month it means that you can't afford anything that is $50 and above the problem with people is they don't know how to manage their money you shouldn't be spending more than you are making per month and you should learn how to live under the amount that you are making every month.

2. It is very hard to make money but mind you after making all the money you want it is not the end of the problem, the real problem starts after you have the money because getting rich and to keep on expanding is very very difficult, that is why you will see many people going broke after making some large amount of money it is because they cannot manage their wealth so that is the biggest challenge for so many rich people, it is about maintaining that wealth for a long period of time.

3. If you want to become successful in life I don't want to know the kind of condition you are in presently you must take investment as the top priority in your life than any other thing no matter how much you are making every month make sure that more of that money is going to investment plans every month either is real estate, stock or crypto that is the only way you can be different and this is why the rich are always different from the poor, it is always about the mindset.