Having a problem a Personal Finance?

[BRINIRHA]

Reading books can indeed increase knowledge and there is a lot of motivation contained in it, especially for money management. But what must be applied first is to be disciplined in financial management. Watching videos can also increase knowledge, then the bitcointalk forum doesn't all explain about managing finances. The most important thing is to apply discipline and make rules for managing your finances.

The point is that learning in theory from books, watching videos or from discussion forums is just as important. But what is more important than all that is that we also have to recognize which types of needs must be met immediately and which needs we can set aside. That is, we must be able to distinguish between basic needs and additional needs. Now that we know all of that. Only then do we start managing finances by prioritizing meeting basic needs and reducing additional needs. We also have to set the limits of our financial capabilities and start making formulas so that we can still meet our living needs but we also have to have money left over that we can save or invest.

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[Sebas.tian]

Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life and family, because I have seen many investors who dedicated their precious time in this Bitcointalk forum just to acquire knowledge of Bitcoin, and they are among the wealthy investors in their community. Do everything possible within your capacity to get a good job so that you can start saving money against bearish season, which is the best season many people in the society use to invest in Bitcoin so that when the price increase higher they can improve financially in the society. There are some Bitcoin video you will watch for social media, it will add more talents to you in a way you will become a good investor in the community.

[Queentoshi]

     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?

It may just be where you stay and how bad the country is economically. If the cost of living is high and exceeds what you earn, there will be no way to be able to keep money as well as you could. Trying to keep money in such places, will mean that you are really staying deficient in another aspect of life like making skipping meals, or not eating well. Reading books and watching videos on financial intelligence can be helpful, but as you do so, still look for ways to increase the amount of money you have for expenses.

[Fuso.hp]

Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life and family, because I have seen many investors who dedicated their precious time in this Bitcointalk forum just to acquire knowledge of Bitcoin, and they are among the wealthy investors in their community. Do everything possible within your capacity to get a good job so that you can start saving money against bearish season, which is the best season many people in the society use to invest in Bitcoin so that when the price increase higher they can improve financially in the society. There are some Bitcoin video you will watch for social media, it will add more talents to you in a way you will become a good investor in the community.

If people's thinking is such that people must become more skilled about a certain subject, then people can know enough about certain subjects, but those who have no interest in knowing will not know at all. The suggestions you give those who are interested have already started watching various investment videos or reading various books to become more proficient in Bitcoin but those who are not interested in this subject will never do these things no matter how much advice you give. With skills and experience valued everywhere, you're sure to find success in whatever you're experienced in. So if you focus on a task you should finish that task completely and do another task in which the task you do will be better.

[Dickiy]

If people's thinking is such that people must become more skilled about a certain subject, then people can know enough about certain subjects, but those who have no interest in knowing will not know at all. The suggestions you give those who are interested have already started watching various investment videos or reading various books to become more proficient in Bitcoin but those who are not interested in this subject will never do these things no matter how much advice you give. With skills and experience valued everywhere, you're sure to find success in whatever you're experienced in. So if you focus on a task you should finish that task completely and do another task in which the task you do will be better.

The point is, if someone or some people have their own interest and there is no coercion at all from other parties to start investing, then more clearly for those who have their own interest I think they must also have the intention to learn it. That's very different from some people who come with coercion, maybe you understand what I explained. Those who come under duress will not fully learn it because in their hearts they are not that interested. That's right, any advice that comes to them will probably have no effect. So the point is that in any field, only those who have their own intentions in their hearts will really study it, and of course the results will be different. So in fact, someone who studies it sincerely will be different from someone who studies it under the coercion of others regarding the results.

[slapper]

Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life and family, because I have seen many investors who dedicated their precious time in this Bitcointalk forum just to acquire knowledge of Bitcoin, and they are among the wealthy investors in their community. Do everything possible within your capacity to get a good job so that you can start saving money against bearish season, which is the best season many people in the society use to invest in Bitcoin so that when the price increase higher they can improve financially in the society. There are some Bitcoin video you will watch for social media, it will add more talents to you in a way you will become a good investor in the community.

If people's thinking is such that people must become more skilled about a certain subject, then people can know enough about certain subjects, but those who have no interest in knowing will not know at all. The suggestions you give those who are interested have already started watching various investment videos or reading various books to become more proficient in Bitcoin but those who are not interested in this subject will never do these things no matter how much advice you give. With skills and experience valued everywhere, you're sure to find success in whatever you're experienced in. So if you focus on a task you should finish that task completely and do another task in which the task you do will be better.

People put all of their effort into improving their skills once they make that decision. They're really immersing themselves by watching films, reading books, and so on. For those who don't care? No amount of guidance will be able to change it. Believe me, I've seen it

You advise concentrating on one task until it is finished. Excellent, excellent thinking. But multitasking can be necessary at times in the fast-paced world we live in. And that's also alright. You are correct that talents and experience are appreciated. You know, though, what else is valued? Adaptability. Flexibility. ability to change course as necessary. That's how you win. We must stay ahead of the curve and not be experts in just one field because the world is changing. We must be nimble, observant, and constantly alert. The real secret to success is that

[Minecache]

Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life and family, because I have seen many investors who dedicated their precious time in this Bitcointalk forum just to acquire knowledge of Bitcoin, and they are among the wealthy investors in their community. Do everything possible within your capacity to get a good job so that you can start saving money against bearish season, which is the best season many people in the society use to invest in Bitcoin so that when the price increase higher they can improve financially in the society. There are some Bitcoin video you will watch for social media, it will add more talents to you in a way you will become a good investor in the community.

If you do not have will and a specific plan for your life, even if you read 1,000 financial books, it will never help you escape poverty, let alone help you become rich. If you just read books and become rich, tell me, why are many people who graduate from college still unemployed or still have to work in non-major jobs with low income? Knowledge is extremely necessary and important, but more important is how you apply it to life to create results. Don't just think too simple, just read financial books and you will get out of poverty.

[icalical]

I read several books that talks about personal financial planning, but it just doesn't work for me, and after few years I surf this forum, it doesn't really help me much regarding personal finance, tho it help me get better financially since I got many customer from this forum, lol, there are only one or two financial lesson that I think I can use, most of discussion in this forum are talking about global and macro economy.

I am more interested in the last point, learning from people experience about their financial struggle and how they manage to solve it is more interesting.

[bettercrypto]

I read several books that talks about personal financial planning, but it just doesn't work for me, and after few years I surf this forum, it doesn't really help me much regarding personal finance, tho it help me get better financially since I got many customer from this forum, lol, there are only one or two financial lesson that I think I can use, most of discussion in this forum are talking about global and macro economy.

I am more interested in the last point, learning from people experience about their financial struggle and how they manage to solve it is more interesting.

Maybe the books you read didn't absorb their content, and you didn't apply it 100%. Or what book are you talking about that you read? Is it a book by Robert Kiyosaki? or other well-known financial authors? Sometimes we humans just love to read, but we lack implementation.

Yes, we are there. Every time we read, we get an idea or knowledge from the experience of other authors, but we don't have it in our minds to do it completely, or sometimes there is still a doubt or question about whether we can apply what we read.

[MarjorieZimmermanGinger]

Not everyone may find it feasible to implement all the suggestions provided by friends here. However, it's important to bear in mind that each individual bears the responsibility for their financial circumstances. Every person possesses a survival instinct and is bound to seek input from others' perspectives. Absorbing a multitude of advice can indeed be perplexing, yet a prudent person will sift through these recommendations to advance into the trial and error phase.

Human beings are social creatures, and the notion of solitary existence eludes us. Navigating life becomes considerably smoother when in the company of fellow humans.

That's the problem and if someone is unable to see a match process that can be applied to him, then how can someone achieve the success he wants to get. There's nothing wrong with advice or input from many people, it's just that encouragement and if someone can't improve their self-skills no matter how much advice and input won't be useful either. In my opinion, what we need to do is look at what opportunities and businesses are suitable for us to run and can make the business grow much more.

Methods and skills in running a business are not formed from books or advice from people, but we get them from the process of practicing them directly. So at this stage a way is needed so that someone does not experience losses when building a business and working in someone else's place is one way to avoid losses based on lack of experience.

[topbitcoin]

Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life

Yes.. maybe it's true what you said by reading books can get you out of financial problems because there is motivation and solutions to rise from adversity. However, this must also be proportional to the effort you put in, lest your preoccupation with reading books can make you a bookworm who only reads without action as a form of implementation of all the knowledge and theory you learn.

I appreciate people who dare to take action even though their knowledge is not sufficient and only have experience as a learning medium. Compared with bookworms who just stay silent.

[ndutndut]

 [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.

We really need to implement the three points that you conveyed. However, people who experience financial problems are usually very different, sometimes they have a lot of money but are unable to manage it, and sometimes they don't have the money to manage their finances.

But personally, I will always save every day, no matter how much I have to set aside to save. I have my own standards regarding what percentage I should save. If I get more money, I will use it to invest in bitcoin. Saving is a top priority. After that, I don't have to worry about spending my money because I know I've saved. I cannot touch the money that I have saved and invested at all, unless it is urgent or there is something that can make me happy and I really want it. In essence, the money that comes out must be smaller than the money that is saved. Remember!!! True wealth is not about how much income you earn! True wealth is about how much money you save and invest for the future!! I can be like this because I got this knowledge from the three points you mentioned.

[bitLeap]

Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life

Yes.. maybe it's true what you said by reading books can get you out of financial problems because there is motivation and solutions to rise from adversity. However, this must also be proportional to the effort you put in, lest your preoccupation with reading books can make you a bookworm who only reads without action as a form of implementation of all the knowledge and theory you learn.

I appreciate people who dare to take action even though their knowledge is not sufficient and only have experience as a learning medium. Compared with bookworms who just stay silent.

You can't just keep reading a book over and over again even though it has motivation in it, what I mean is that we also need to take definite steps, so I agree with you on this.
For example, we keep learning how to build a good business, but in life we never take any definite steps to make it happen, will the business we dream of ever materialize? I will say emphatically that it will never materialize.
Do not just theorize, but we must also practice it. This is precisely what should be an advantage, because there are still many people out there who step by capitalizing on the experience they have. Readers have a plus in this regard, because they have motivational quotes and strategies from the books they read.

[Ultegra134]

Reading books can indeed increase knowledge and there is a lot of motivation contained in it, especially for money management. But what must be applied first is to be disciplined in financial management. Watching videos can also increase knowledge, then the bitcointalk forum doesn't all explain about managing finances. The most important thing is to apply discipline and make rules for managing your finances.

The point is that learning in theory from books, watching videos or from discussion forums is just as important. But what is more important than all that is that we also have to recognize which types of needs must be met immediately and which needs we can set aside. That is, we must be able to distinguish between basic needs and additional needs. Now that we know all of that. Only then do we start managing finances by prioritizing meeting basic needs and reducing additional needs. We also have to set the limits of our financial capabilities and start making formulas so that we can still meet our living needs but we also have to have money left over that we can save or invest.

The issue with both books and instructional videos is that they are often purely theoretical and cannot be applied in practice. Generally, I'd like to agree with all three options made by the OP; however, not everyone is capable of reading books. Personally, I struggle to be concentrated on reading a book; my mind simply wanders off after some time. I don't know if it's ADHD or something. Moreover, not all books provide you with accurate information, but this rule applies pretty much everywhere. In summary, books are a great choice if you're up to reading; there are many out there from successful writers.

The forum, on the other hand, does have some useful content, but you need to filter it; not everything here should be taken into account. This also applies to YouTube and other social media, which are filled with self-proclaimed entrepreneurs who are usually reiterating common and outdated knowledge that can be found with a simple Google search or are simply trying to lure victims into paying them or inviting them to their pyramid scheme.

[Fortify]

      -   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.

It's one thing to berate people and another to give them useful advice. Some people are ultimately just stuck in a rut and have very few options available to them. While it is a good idea to read a variety of finance books - be sure not to get stuck too much on one particular topic, like autobiographies of other rich people who might have wisdom but it may not apply practically to your situation. Frankly, unless you're actually making money in some way from this forum, you could argue that there are much better ways to be spending your time which could be making you more money, rather than procrastinating on many unrelated topics. One other thing is, be sure to evaluate your outgoings because often an easy way to save money is to identify areas of waste and cut that out first.

[Lanatsa]

      -   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.

It's one thing to berate people and another to give them useful advice. Some people are ultimately just stuck in a rut and have very few options available to them. While it is a good idea to read a variety of finance books - be sure not to get stuck too much on one particular topic, like autobiographies of other rich people who might have wisdom but it may not apply practically to your situation. Frankly, unless you're actually making money in some way from this forum, you could argue that there are much better ways to be spending your time which could be making you more money, rather than procrastinating on many unrelated topics. One other thing is, be sure to evaluate your outgoings because often an easy way to save money is to identify areas of waste and cut that out first.

As much as possible then it would really be that wise that you should really be sticking into something that would really be getting in line with your passion on which you could really be able to definitely be that having

at least the interest that you would be sustaining despite of the possible mistakes that you might make on which this might be the reason for you to quit up or wont continue on what you are trying to strive.
When it comes to finances then for sure then it would really be a different condition or situation of each individual on which we know that different challenges and different difficulties that we do have
on day to day living.If you do find yourself having that shortage of income then it would really be just that common sense that we should find one, and if you do see that you are having that kind of
progress in terms of money making then as much as possible it would be ideal that you should continue and further diversify.

Somehow, not all people would really be that capable enough for them to be able to do certain things and this is why they do make themselves getting missed out with those opportunities.

[Rockstarguy]

Yes, reading some books that contain financial solutions will really help you to eliminate poverty from your life

Yes.. maybe it's true what you said by reading books can get you out of financial problems because there is motivation and solutions to rise from adversity. However, this must also be proportional to the effort you put in, lest your preoccupation with reading books can make you a bookworm who only reads without action as a form of implementation of all the knowledge and theory you learn.

I appreciate people who dare to take action even though their knowledge is not sufficient and only have experience as a learning medium. Compared with bookworms who just stay silent.

Reading books gives information to be elevated from poverty but reading books alone without taking any action won't change anything, getting information that can help to become financial stable and taking decisions to work will make things effective and to easily make one succeed financially. What changes one to become financially stable is the books one reads and the financial decisions to do things in the right way it should be done.

Just reading books without any work or action be done won't make any difference,  because achieving financial stability requires work or action .

[ChiBitCTy]

The most common mistake I come across as a financial advisor with people whom are having troubles with money as that they are simply living above their means and don't budget.  One thing I discuss on a daily basis with my clients is one of the most simple things one can do to get their finances on track and that's running a monthly budget calculation.  Figure out what you spend per month (include things such as entertainment), subtract that from what you bring home per month and that will equal what you should or at least could be saving for your long term future. 

Such a simple and easy way to get started.

[icalical]

I read several books that talks about personal financial planning, but it just doesn't work for me, and after few years I surf this forum, it doesn't really help me much regarding personal finance, tho it help me get better financially since I got many customer from this forum, lol, there are only one or two financial lesson that I think I can use, most of discussion in this forum are talking about global and macro economy.

I am more interested in the last point, learning from people experience about their financial struggle and how they manage to solve it is more interesting.

Maybe the books you read didn't absorb their content, and you didn't apply it 100%. Or what book are you talking about that you read? Is it a book by Robert Kiyosaki? or other well-known financial authors? Sometimes we humans just love to read, but we lack implementation.

Yes, we are there. Every time we read, we get an idea or knowledge from the experience of other authors, but we don't have it in our minds to do it completely, or sometimes there is still a doubt or question about whether we can apply what we read.

Yep, those are most likely the reason, I didn't mean to say that the book is bad, I just can't apply it to myself  or my financial problem. I only read one book by Robert Kiyosaki 'The Cashflow Quadrant', and to be honest I never finished it. The book I was talking about is 'The Psychology of Money' by Morgan Housel. It mostly talk about how money works, and how the general people preceive money, and why most of them are wrong.

[Davian144]

We really need to implement the three points that you conveyed. However, people who experience financial problems are usually very different, sometimes they have a lot of money but are unable to manage it, and sometimes they don't have the money to manage their finances.

Those who have money but are not yet able to manage it can still learn to manage it well as long as they are willing to learn and have time to learn, but for those who do not have money but are said to be able to manage it very well, they still may not be able to manage it well. Because basically he still doesn't have it so it can't be concluded that that person is able to manage money very well, unless he has done it in the past when he was rich before he became bankrupt or became poor.

But personally, I will always save every day, no matter how much I have to set aside to save. I have my own standards regarding what percentage I should save. If I get more money, I will use it to invest in bitcoin. Saving is a top priority. After that, I don't have to worry about spending my money because I know I've saved. I cannot touch the money that I have saved and invested at all, unless it is urgent or there is something that can make me happy and I really want it. In essence, the money that comes out must be smaller than the money that is saved. Remember!!! True wealth is not about how much income you earn! True wealth is about how much money you save and invest for the future!! I can be like this because I got this knowledge from the three points you mentioned.

The three points mentioned are indeed good and everyone can apply them to their own lives as in the example you have applied. And I think what you are doing is a very good thing to do because you are trying to reduce expenses by implementing savings and investments for the future. But for matters of urgent matters or things that can make you feel happy, this is something that I don't think needs to be told because it won't always be the same for everyone, even though everyone can experience urgent things in their life.