Having a problem a Personal Finance?

[Kakmakr]

I think one of the biggest mistakes people are making is to forget to adjust their budget according to inflation. They get below inflation increases every year and then they keep on spending at the same rate.

They also do not make provision for inflation in their savings.. so they draw too much from their savings and that quickly reduce those savings and it eats into their capital. (Always try to invest into something that gives you more than inflation) 

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[kojektea]

inspiration alone is not enough. I think this is needed when we have started to try, like we are trying and it doesn't match the results we expect. it's a great condition to see inspirational videos. some inspirational videos actually make someone addicted, in the end they only hear how they get motivated without any real action they can make as a springboard to change their financial fate.

[Hamphser]

I think one of the biggest mistakes people are making is to forget to adjust their budget according to inflation. They get below inflation increases every year and then they keep on spending at the same rate.

They also do not make provision for inflation in their savings.. so they draw too much from their savings and that quickly reduce those savings and it eats into their capital. (Always try to invest into something that gives you more than inflation) 

Which is why it is really that always recommended that you should really be finding out methods or ways for you to increase out your income which it isnt really that limited to the money that we are getting from our

dayjob which does simply means that getting more in via other investment or businesses on which it could really make us do able to earn more which you would really be able to fight inflation on.
This is what we should really be having in mind so that we would  really be able to survive in terms of inflation and other economic problems which would be resulting into that high increase of daily needs and necessities. If you arent that mindful then pretty sure you would really be able to felt that problem later on on upcoming years.

Having budget or having plans on how you do spend up money then it would be always be that recommended that you should really be having that planning. Spend on something which is important
and relevant and dont make yourself splurging on buying because cash or funds we do have isnt unlimited.  

[lizarder]

      -   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:

Being responsible and disciplined is a basic need for someone who wants to solve their financial problems, to get out of the economic crush one has to think ahead and the setting must also be changed. If someone doesn't have money to start a business, then he can work part-time at someone else's place first and collect as much money as possible as capital when we are ready to build our own business. This happens in my environment and many teenagers who have graduated from high school prefer to seek experience in other people's places and they spend an average of 3 to 4 years learning to grow a business while making money.

This trend has continued until now and many of them have successfully created their own business independently, although they have had to go through a long process to reach a satisfactory end. Understanding as a person in my environment is very objective and for them continuing to study will not provide opportunities for work and vice versa it is the businessman who always employs people.

[a.] Read books related to personal finance.

Reading books is good, but we are more familiar with practical ways of dealing with financial problems and books only provide illustrative references and not all places can apply the same method as in books. Reading books to hone knowledge is important because we will include several references as knowledge and it is much more appropriate if we have the opportunity to practice it directly.

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

I remember some of the words that were often said by previous people, that associating with good people will make us better, the reason is because we are in an environment that always thinks positively. Associating with people like this can encourage us to make changes and we will find their habits in doing anything, including how they increase the ability to achieve financial freedom or in other words increase finance for the better.

[ingiltere]

Reading a book, being financially literate, surfing the forum or watching videos will only give you long-term gains. If you don't have capital, knowing how to invest will not do you any good.
The economic crisis the world is in is obvious. If your salary isn't very good then you are trying to save the day. It's hard to set aside money to invest when daily expenses are so high.
Even if you lower your standard of living and don't spend luxuries, if your salary is low, you still don't have many options. Even if you want to spend a little money, you still have to spend a lot of money every day because of rising prices.
Although your suggestions may seem good, they don't have much validity in practice in real life.

[Unbunplease]

Reading a book, being financially literate, surfing the forum or watching videos will only give you long-term gains. If you don't have capital, knowing how to invest will not do you any good.
The economic crisis the world is in is obvious. If your salary isn't very good then you are trying to save the day. It's hard to set aside money to invest when daily expenses are so high.
Even if you lower your standard of living and don't spend luxuries, if your salary is low, you still don't have many options. Even if you want to spend a little money, you still have to spend a lot of money every day because of rising prices.
Although your suggestions may seem good, they don't have much validity in practice in real life.

I agree with you. Our lives are completely unpredictable. I wonder, do the authors of the books themselves live according to the advice they give? Personally, I doubt it. If you are a serious businessman, do you have time to write books? I doubt it. And if you have time to write books, then maybe this person only has time to write books (i.e., infotsygan)?

[Yatsan]

Reading a book, being financially literate, surfing the forum or watching videos will only give you long-term gains. If you don't have capital, knowing how to invest will not do you any good.
The economic crisis the world is in is obvious. If your salary isn't very good then you are trying to save the day. It's hard to set aside money to invest when daily expenses are so high.
Even if you lower your standard of living and don't spend luxuries, if your salary is low, you still don't have many options. Even if you want to spend a little money, you still have to spend a lot of money every day because of rising prices.
Although your suggestions may seem good, they don't have much validity in practice in real life.

I agree with you. Our lives are completely unpredictable. I wonder, do the authors of the books themselves live according to the advice they give? Personally, I doubt it. If you are a serious businessman, do you have time to write books? I doubt it. And if you have time to write books, then maybe this person only has time to write books (i.e., infotsygan)?

Well those authors in the field of business are having or releasing their books upon being known by more people for a reason that they have succeeded. Not all authors, but some really written their experiences along the way before being in such place at the present. They'd have time to write simply because they  are already successful with their lives and they no longer work for money. They would have enough time to construct and convey a message to their readers but with regards to their intention, only authors themselves would know whether they are aiming to inspire  or to just creating another business opportunity.

[Lorence.xD]

Reading a book, being financially literate, surfing the forum or watching videos will only give you long-term gains. If you don't have capital, knowing how to invest will not do you any good.
The economic crisis the world is in is obvious. If your salary isn't very good then you are trying to save the day. It's hard to set aside money to invest when daily expenses are so high.
Even if you lower your standard of living and don't spend luxuries, if your salary is low, you still don't have many options. Even if you want to spend a little money, you still have to spend a lot of money every day because of rising prices.
Although your suggestions may seem good, they don't have much validity in practice in real life.

I agree with you. Our lives are completely unpredictable. I wonder, do the authors of the books themselves live according to the advice they give? Personally, I doubt it. If you are a serious businessman, do you have time to write books? I doubt it. And if you have time to write books, then maybe this person only has time to write books (i.e., infotsygan)?

Most of those books are made like years ago, so some of the advices are not applicable to current situation of the economy especially the inflation. It would just give you a grief information for you to manage your funds than just impulsively spend it which can be a bad thing when an emergency happens cause you don't have any savings. Of course, if you follow the step it doesn't meant it will guarantee you financial freedom since as you said our lives are completely unpredictable. Plus our income or salary might not meet up the expectation from the given book that you can even follow it. But for sure it has a good impact to readers as they can adapt a good thinking financially once they can already apply it to their budget. Cause these tips can easily done by a middle class to upper than a lower class people due to they are having a hard time to find a money to provide their needs.

[Cling18]

Reading a book, being financially literate, surfing the forum or watching videos will only give you long-term gains. If you don't have capital, knowing how to invest will not do you any good.
The economic crisis the world is in is obvious. If your salary isn't very good then you are trying to save the day. It's hard to set aside money to invest when daily expenses are so high.
Even if you lower your standard of living and don't spend luxuries, if your salary is low, you still don't have many options. Even if you want to spend a little money, you still have to spend a lot of money every day because of rising prices.
Although your suggestions may seem good, they don't have much validity in practice in real life.

I agree with you. Our lives are completely unpredictable. I wonder, do the authors of the books themselves live according to the advice they give? Personally, I doubt it. If you are a serious businessman, do you have time to write books? I doubt it. And if you have time to write books, then maybe this person only has time to write books (i.e., infotsygan)?

Most of those books are made like years ago, so some of the advices are not applicable to current situation of the economy especially the inflation. It would just give you a grief information for you to manage your funds than just impulsively spend it which can be a bad thing when an emergency happens cause you don't have any savings. Of course, if you follow the step it doesn't meant it will guarantee you financial freedom since as you said our lives are completely unpredictable. Plus our income or salary might not meet up the expectation from the given book that you can even follow it. But for sure it has a good impact to readers as they can adapt a good thinking financially once they can already apply it to their budget. Cause these tips can easily done by a middle class to upper than a lower class people due to they are having a hard time to find a money to provide their needs.

I agree that they aren't applicable right now since the economic situation right now is way different than before and quite hard to deal with compared to the previous economic situation. All of us often experience financial hardships during this inflation crisis but what is important is we know how to deal wisely with each situation. No book could help us if we don't grind harder during this crisis. If we were working hard before, we have to double or triple our hustle this time.
Always look for better opportunities to earn and never stop if you aren't saving and investing. Being contented these days won't practically bring us the financial freedom that we want.

[Tony116]

Reading a book, being financially literate, surfing the forum or watching videos will only give you long-term gains. If you don't have capital, knowing how to invest will not do you any good.
The economic crisis the world is in is obvious. If your salary isn't very good then you are trying to save the day. It's hard to set aside money to invest when daily expenses are so high.
Even if you lower your standard of living and don't spend luxuries, if your salary is low, you still don't have many options. Even if you want to spend a little money, you still have to spend a lot of money every day because of rising prices.
Although your suggestions may seem good, they don't have much validity in practice in real life.

I agree with you. Our lives are completely unpredictable. I wonder, do the authors of the books themselves live according to the advice they give? Personally, I doubt it. If you are a serious businessman, do you have time to write books? I doubt it. And if you have time to write books, then maybe this person only has time to write books (i.e., infotsygan)?

That's why I never wanted to take any courses to get rich or manage finances. I wonder if those so-called experts, financial advisors have experienced what they are teaching us, or are they just imagining to teach us? They get rich by teaching us, but they don't apply it or have any experience with it. They get rich by writing books and selling them to us, while we still believe that if we do what the books say we will become rich. I wonder here, has anyone become rich by reading books on how to get rich?

[dothebeats]

Reading a book, being financially literate, surfing the forum or watching videos will only give you long-term gains. If you don't have capital, knowing how to invest will not do you any good.
The economic crisis the world is in is obvious. If your salary isn't very good then you are trying to save the day. It's hard to set aside money to invest when daily expenses are so high.
Even if you lower your standard of living and don't spend luxuries, if your salary is low, you still don't have many options. Even if you want to spend a little money, you still have to spend a lot of money every day because of rising prices.
Although your suggestions may seem good, they don't have much validity in practice in real life.

I agree with you. Our lives are completely unpredictable. I wonder, do the authors of the books themselves live according to the advice they give? Personally, I doubt it. If you are a serious businessman, do you have time to write books? I doubt it. And if you have time to write books, then maybe this person only has time to write books (i.e., infotsygan)?

Most of those books are made like years ago, so some of the advices are not applicable to current situation of the economy especially the inflation. It would just give you a grief information for you to manage your funds than just impulsively spend it which can be a bad thing when an emergency happens cause you don't have any savings. Of course, if you follow the step it doesn't meant it will guarantee you financial freedom since as you said our lives are completely unpredictable. Plus our income or salary might not meet up the expectation from the given book that you can even follow it. But for sure it has a good impact to readers as they can adapt a good thinking financially once they can already apply it to their budget. Cause these tips can easily done by a middle class to upper than a lower class people due to they are having a hard time to find a money to provide their needs.

And that's the point, to be honest, it is the difference that time brings. People should understand that most of those books were made for situations known for the time they were created, and the standings and development of the economy for the past years have definitely caused various changes that should be taken into account. Hence, some of the things written in the books are not applicable anymore. Hence, changes and revisions should be made.

[xSkylarx]

Reading a book, being financially literate, surfing the forum or watching videos will only give you long-term gains. If you don't have capital, knowing how to invest will not do you any good.
The economic crisis the world is in is obvious. If your salary isn't very good then you are trying to save the day. It's hard to set aside money to invest when daily expenses are so high.
Even if you lower your standard of living and don't spend luxuries, if your salary is low, you still don't have many options. Even if you want to spend a little money, you still have to spend a lot of money every day because of rising prices.
Although your suggestions may seem good, they don't have much validity in practice in real life.

I agree with you. Our lives are completely unpredictable. I wonder, do the authors of the books themselves live according to the advice they give? Personally, I doubt it. If you are a serious businessman, do you have time to write books? I doubt it. And if you have time to write books, then maybe this person only has time to write books (i.e., infotsygan)?

Most of those books are made like years ago, so some of the advices are not applicable to current situation of the economy especially the inflation. It would just give you a grief information for you to manage your funds than just impulsively spend it which can be a bad thing when an emergency happens cause you don't have any savings. Of course, if you follow the step it doesn't meant it will guarantee you financial freedom since as you said our lives are completely unpredictable. Plus our income or salary might not meet up the expectation from the given book that you can even follow it. But for sure it has a good impact to readers as they can adapt a good thinking financially once they can already apply it to their budget. Cause these tips can easily done by a middle class to upper than a lower class people due to they are having a hard time to find a money to provide their needs.

I agree that they aren't applicable right now since the economic situation right now is way different than before and quite hard to deal with compared to the previous economic situation. All of us often experience financial hardships during this inflation crisis but what is important is we know how to deal wisely with each situation. No book could help us if we don't grind harder during this crisis. If we were working hard before, we have to double or triple our hustle this time.
Always look for better opportunities to earn and never stop if you aren't saving and investing. Being contented these days won't practically bring us the financial freedom that we want.

We need skills and working smartly right now to earn more money or have another source of income; one job is not enough right now. That is really how hard life is right now. Just imagine that your salary right now is doubled, unlike before, but still you are having a hard time budge it. Unlike before, when you had a low salary but were still able to manage because it was cheap, foods were affordable, and right now I can't imagine that it is more expensive to cook at our house than buying a ready-cooked meal.

[Sayeds56]

We all go through financial difficulties in our personnel and family lives that are challenging, and require careful planning to overcome them. The pursuit of earning ample resources to ensure a comfortable life for you and your family, demands significant efforts. However, once you succeed in achieving level of financial stability, the task of preserving it can prove even more challenging.

In summary, it necessitate wise investment decisions with careful planning, that not only yield a substantial passive income but also facilitate growth in value. By doing so, it is possible to uphold consistent state of financial stability. i

[gunhell16]

I think one of the biggest mistakes people are making is to forget to adjust their budget according to inflation. They get below inflation increases every year and then they keep on spending at the same rate.

They also do not make provision for inflation in their savings.. so they draw too much from their savings and that quickly reduce those savings and it eats into their capital. (Always try to invest into something that gives you more than inflation) 

I think that spending too much is sometimes unavoidable, especially if the price of goods suddenly increases due to the problem of inflation. Just like here in the country where it is located, the price of rice suddenly increased at the same time as the price of gasoline, so that means the budget is broken immediately; almost everything has increased.

Even for me, I still really think that I need to read more books that can help me in terms of personal finance. Maybe none of us here are perfect people who can spend money without causing problems.

[Mauser]

[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.

   

These are good tips and everybody that struggles with personal finances should try and get help. Reading books about it is a good idea, but that requires a lot of time and also can be quite expensive, these books tend not to be cheap. So instead of buying the books new, my first recommendation would be to ask your friends if they have such books and if you can borrow them. This would also be your first step to save money today and try to reduce your spending. This is basically where it all comes down to, you need to either increase your monthly income to sustain your spending habits or reduce your spending. In most cases the first approach is not that easy, we can't just ask our boss for a higher salary. Investing is the best idea, but this is going to take time to build your portfolio and get a decent return on your investment. The easiest way to get our personal finances in order is to reduce spending and try to cut back on any unnecessary purchases. Write down all the things we buy each month and split them into important purchases and unimportant ones.

[Juse14]

inspiration alone is not enough. I think this is needed when we have started to try, like we are trying and it doesn't match the results we expect. it's a great condition to see inspirational videos. some inspirational videos actually make someone addicted, in the end they only hear how they get motivated without any real action they can make as a springboard to change their financial fate.

Yes I agree with that. "Inspiration alone will not be enough". People are busy going here and there to take part in motivational seminars so that they have more enthusiasm and encouragement to be able to do something so that their life will be even better financially. but they forget to start it and we need to know that the best business is a business that runs, not just a plan and no action to start it.

And the best motivation is the difficulties we experience and the problems that exist within us, so the answers and solutions are the same within us.

[red4slash]

inspiration alone is not enough. I think this is needed when we have started to try, like we are trying and it doesn't match the results we expect. it's a great condition to see inspirational videos. some inspirational videos actually make someone addicted, in the end they only hear how they get motivated without any real action they can make as a springboard to change their financial fate.

Yes I agree with that. "Inspiration alone will not be enough". People are busy going here and there to take part in motivational seminars so that they have more enthusiasm and encouragement to be able to do something so that their life will be even better financially. but they forget to start it and we need to know that the best business is a business that runs, not just a plan and no action to start it.

And the best motivation is the difficulties we experience and the problems that exist within us, so the answers and solutions are the same within us.

Or in other words we have to take real action, I mean don't keep theorizing because if you only theorize without taking any action it's the same as nonsense. One thing that makes it difficult for us to act is that we will always think of losses so that it becomes a trigger for us not to take steps, or in other words "we don't want to lose". In fact, in everything we do there will always be risks.

I agree with you that our main problem is within ourselves. We must be able to recognize ourselves first if we want to get answers to the problems we face.

[superman184]

inspiration alone is not enough. I think this is needed when we have started to try, like we are trying and it doesn't match the results we expect. it's a great condition to see inspirational videos. some inspirational videos actually make someone addicted, in the end they only hear how they get motivated without any real action they can make as a springboard to change their financial fate.

Inspiration is not part of the action so it is only needed to be able to arouse our enthusiasm to make actions that are more positive and different from the previous ones. Because changing your financial fortunes must be done through more actions, not through reflections on inspirational videos, even though it wouldn't be wrong to watch it if it can really inspire us to keep trying in more effective ways. So, of course it is true that inspiration alone will not be enough to change anyone's life other than there must be more appropriate action.

Yes I agree with that. "Inspiration alone will not be enough". People are busy going here and there to take part in motivational seminars so that they have more enthusiasm and encouragement to be able to do something so that their life will be even better financially. but they forget to start it and we need to know that the best business is a business that runs, not just a plan and no action to start it.

Those who don't start after attending seminars or watching educational videos and videos that can bring inspiration are those who still can't get rid of their laziness in life. So that the time they have spent in participating in any seminar will not give any results except just a waste and such people will never get a change in their life as long as they still like to be lazy from taking action for themselves.

Or in other words we have to take real action, I mean don't keep theorizing because if you only theorize without taking any action it's the same as nonsense. One thing that makes it difficult for us to act is that we will always think of losses so that it becomes a trigger for us not to take steps, or in other words "we don't want to lose". In fact, in everything we do there will always be risks.

Those who think too much about the risks of the actions they want to take are those who still don't have the courage to start, so their minds will always be haunted by the fear of taking action because they are still thinking about the risks that could arise. Even though they haven't tried it yet, they have already thought about the risks that may not necessarily occur, and such a person will also find it difficult to get changes in his life, let alone get success because he is always afraid of risks even though the risks have not happened.

[irhact]

inspiration alone is not enough. I think this is needed when we have started to try, like we are trying and it doesn't match the results we expect. it's a great condition to see inspirational videos. some inspirational videos actually make someone addicted, in the end they only hear how they get motivated without any real action they can make as a springboard to change their financial fate.

Video are easy to watch and you can multitask while watching a video so I don't find them as the best things to do when you're having a problem with your finance and you're looking for solution or motivation. Reading books is an old way of learning and still the most effective way of learning as it takes determination to pick up a books to read from start to finish. When you're reading a book, you'll have all your attention to that book and it'll help you gain the knowledge in the book.

The most successful individuals in the world are readers because they understand the potential of great books from great authors. Everything that you're passing through in life, from your financial problem to personal problems has been written about, so just read a book.

[khiholangkang]

       -   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.

That is a good suggestion, many people cannot control their financial flow or do not have proper financial management so that when they get into trouble they don't have the funds for it, but in my opinion, hanging out at bitcointalk is too varied and there will be many topics to meet, especially if When it comes to gambling, maybe you will spend more money but this depends, it's up to you.
You need to give the most appropriate additional points after doing points a & b is "doing it" because it's useless to read books and watch inspirational and motivational content about money management and everything related to improvement but if can't doing that in real life be wasted.

"do it"