Having a problem a Personal Finance?

[fuguebtc]

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.

The books, although not inherently flawed, pose a challenge as we are readers, not their authors. Consequently, comprehending their message becomes an intricate task. It's like they use that formula and it can help them succeed, but with the same formula we cannot succeed. Reading books helps us gain a lot of knowledge, so we can think for ourselves and find our own path, not just following what books say will lead to success. That's the reason why countless individuals dedicate extensive hours to studying, devouring countless volumes of books, and yet, unfortunately, do not manage to achieve success.

[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.

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.

Yes, I understand that. And maybe you have also heard about the anecdotal story of how donkeys read books...? And in the story, it is said that the donkey only opened and looked at each page without understanding anything in it. Likewise with humans, if for example they are unable to understand what they read then what is the difference between the donkey in the anecdote and us who are unable to understand anything when reading a book.
It's not just a matter of reading, but we also need to understand every incident we have experienced, including or what is meant by experience. If we are unable to understand and evaluate the events we have experienced, then there will be no improvement in ourselves.

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 .

And to find out whether we really understand what we have learned and to find out whether the theory we have studied so far is effective or not, namely by practicing it in everyday life and in the business we are involved in. Only then will we understand

[karabiber]

Personal finance or financial literacy is a very rich field. Even if you read and improve yourself every day, there is still more to learn. With personal financial development, you can improve yourself not only financially but also in terms of general culture. It is a situation that gives vision to the individual.

Information such as budgeting, saving, borrowing and investing should be learned from childhood but if this is done in a fun way, it will attract children's interest and they will be in a position to learn.
Finally, avoid trusting speculators in the media or unknown accounts on social media. Develop your financial literacy yourself, understand it yourself and be loyal to yourself.

[blockman]

I agree entirely with what's been said here. Personal finance was always a mystery to me until the day I lost track of my spending. It was quite a blow, realizing that I couldn't properly manage my money. I then started taking baby steps towards understanding it.
Reading books did wonders for me, and forums like this one also offered much guidance. The variety of financial wisdom through different perspectives is incredible. Videos indeed inspired me, but the real change came from self-discipline and accountability.

Great progress and good words speaking from your experience. While these resources will surely help us to go along with our personal finances and will help us improve. The guarantee will still start from our own initiative. Without such, you're walking blindly without any idea on where you're going at. Self discipline is the foundation of personal finance even if you have watched tons of videos, inspirational quotes, finance books but having none of it will make all of those useless.

[fullhdpixel]

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

You just need to slow down the life you are having to have this kind of time. I think people are trying to do too much all at once and that is not multi-tasking, that is just not doing anything properly and doing everything terribly.

I work everyday, I work 8 hours every single day, and after that is done, I work on my writing for example, that is what I like to do and I write, I write everyday, and my job is writing as well so it helps my job too and maybe one day I will write a book, I have considered it, but I think it should be important to realize that it is not going to happen. This is why it is quite important to remember that we are not going to end up with anything that would be a big deal, just realize it is not easy.

[Hamphser]

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.

The books, although not inherently flawed, pose a challenge as we are readers, not their authors. Consequently, comprehending their message becomes an intricate task. It's like they use that formula and it can help them succeed, but with the same formula we cannot succeed. Reading books helps us gain a lot of knowledge, so we can think for ourselves and find our own path, not just following what books say will lead to success. That's the reason why countless individuals dedicate extensive hours to studying, devouring countless volumes of books, and yet, unfortunately, do not manage to achieve success.

You would be finding out for yourself whether these books or write ups would really be something influential on your part because there are indeed type of people who do easily get influenced basing up on what they do read up and would really be tending to follow on whats been said on that but there are ones who doesnt really care nor really that mind or having that kind of application on whatever the things been they reading or able to encounter but rather they would be basing up with their own will decisions. We know that there are indeed people who could easily make out adjustments if ever they would be experiencing some hardships and since we are talking about personal finances then it would be understandable that having everything in control and moderation would be always recommended and suggested.

You would definitely be finding yourself on great trouble if you are really that not minding about those border lines or limitations since we know that everythings too much would be always bad.
Financial aspects is something that should be in controlled manner, there's no such thing on having unlimited money and this is why it would be ideal on living with it
on moderation.

[panganib999]

I see the intent and I am pretty much agreeing with it. You can only do so much work in your end after all, and knowledge will at one point be more vital than the effort that you're putting into. In any case, I do hope that at the very least, you get your info/knowledge from reliable sources. Insights and first-hand experiences are good and all but they are nothing especially against an expert opinion. So I say instead of using this forum as your beacon of knowledge, find a local successful person, it could be anyone, your parents, someone from your friend group, a previous colleague or teacher, whatever the craft. Just ask them how they did things, and act as their apprentice even if the situation calls for it.

[Republikcoin.com]

I agree entirely with what's been said here. Personal finance was always a mystery to me until the day I lost track of my spending. It was quite a blow, realizing that I couldn't properly manage my money. I then started taking baby steps towards understanding it.
Reading books did wonders for me, and forums like this one also offered much guidance. The variety of financial wisdom through different perspectives is incredible. Videos indeed inspired me, but the real change came from self-discipline and accountability.

Readings and guides for something that can help us in life will indeed give birth to inspiration. But it will immediately become useful when we can immediately use it in life because any change will always come when we want to do it very well according to the guidelines we have read. It's not just about saving it after reading or watching a video, because in reality life changes can come when a person starts to become disciplined in not wasting more of the time he has in his life.

Actually it is something that is easy enough for everyone to understand because if you don't want to be approached by difficulties in your life. This means that you must be able to make your own policy regarding spending money on a daily basis and also pay attention to the level of income you earn on a daily basis so that you can live a comfortable life without facing any level of difficulty. Because the application of discipline in life is something that already covers everything for life.

[Jody.Drummer]

Readings and guides for something that can help us in life will indeed give birth to inspiration. But it will immediately become useful when we can immediately use it in life because any change will always come when we want to do it very well according to the guidelines we have read. It's not just about saving it after reading or watching a video, because in reality life changes can come when a person starts to become disciplined in not wasting more of the time he has in his life.

Actually it is something that is easy enough for everyone to understand because if you don't want to be approached by difficulties in your life. This means that you must be able to make your own policy regarding spending money on a daily basis and also pay attention to the level of income you earn on a daily basis so that you can live a comfortable life without facing any level of difficulty. Because the application of discipline in life is something that already covers everything for life.

Yes that's right, reading is a fun activity for me and besides that we will also get a lot of learning if we read something inspirational, but yes it goes back to each person. I mean it's useless if we find good learning that we think will be useful but we can't apply it to our own lives at all, well like you said and I also think it goes back to the person, if they have strong intentions I think whatever they find or including what comes to them will definitely be useful for them and they will find various ways to apply it to their lives.

Honestly I agree with "easier said than done", the fact is that most of them are very inspired for example by success or success, they want to have the same fate but the problem is that it's just words, there is no action after they say it and I think it's just nonsense. Like you said above, we have to be wise and we have to be decisive in life if we want to move forward a little bit. Right and simply we can start from the lowest, start living simply and not prioritizing prestige, applying strong discipline and also by saving money it is better than you spend money on things that are not important. Yes, so it comes in handy when we are having financial problems.

[Raflesia]

Personal finance or financial literacy is a very rich field. Even if you read and improve yourself every day, there is still more to learn. With personal financial development, you can improve yourself not only financially but also in terms of general culture. It is a situation that gives vision to the individual.

That's precisely why we have to gain knowledge or try to catch up so that we don't fall further behind.
We must realize that technology and knowledge, if we cannot adapt to very fast developments, will leave us far behind and make it increasingly difficult for us to survive in life and so that this does not happen, we must at least have a good vision so that knowledge and technology at least can be balanced so that we can survive with the existing life.
Even though we know that it is very difficult to follow something like this, it will be better than not trying at all and giving up on the situation.

[red4slash]

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.

Talking about time the excuse of not having time to study is just a classic excuse I think because there is no way in 24/7 we don't have any time to study. It's just an excuse for those who are lazy and don't want to improve because it's quite funny to put it down to "no time".
Money management is very important no matter how hard it is to ignore this because it is one of the parts for us to survive in life.
The problem that is currently happening is that we are only too fixated with money but do not think about management properly and things like this are difficult when we already have money then we will only continue to always feel less and less because of poor management and high hedonistic levels that make it seem as if financial management is very difficult to do.

[dunfida]

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.

Talking about time the excuse of not having time to study is just a classic excuse I think because there is no way in 24/7 we don't have any time to study. It's just an excuse for those who are lazy and don't want to improve because it's quite funny to put it down to "no time".
Money management is very important no matter how hard it is to ignore this because it is one of the parts for us to survive in life.
The problem that is currently happening is that we are only too fixated with money but do not think about management properly and things like this are difficult when we already have money then we will only continue to always feel less and less because of poor management and high hedonistic levels that make it seem as if financial management is very difficult to do.

Realization would be always coming at the end and expect that people would really be having that kind of approach on the time that they would really be experiencing up some problems on which it would really be just that

common action that it would be made on the time that they had able to encounter unfortunate events. Its true that it would really be just some bullshit excuse about having no time on learning or reading at least
when it comes to those ways and methods on how to be that able to avoid such circumstances. Everything should really be in moderation or everything should really be limit. You do know on how to balance up things accordingly because if you wont really be able to do such thing then expect that there would be problems that would occur along the end.

Financial management is the key on sustaining yourself or would be able to survive on this worsening economic state or condition which it is really that inevitable.Therefore it would
really be wise and good on finding ways on how to survive at least.

[Jatiluhung]

I agree entirely with what's been said here. Personal finance was always a mystery to me until the day I lost track of my spending. It was quite a blow, realizing that I couldn't properly manage my money. I then started taking baby steps towards understanding it.
Reading books did wonders for me, and forums like this one also offered much guidance. The variety of financial wisdom through different perspectives is incredible. Videos indeed inspired me, but the real change came from self-discipline and accountability.

So true. Basically it all comes back to ourselves. Because when we intend to improve ourselves, whatever path we take to get improvement, it will still bring good changes. Whether it's through reading books, attending seminars, through videos and also through inspiration and motivation from someone it can also be useful. But in the end, it all depends on our own discipline in managing our finances and lifestyle in our daily lives. Discipline in managing finances is also a determining factor for someone's success to be able to make changes in their own financial life. Because without discipline, no matter how good the plan we have, it still won't work. Because if we are not disciplined then we often go outside the plans that have been made.

[goinmerry]

Not contradict the advice given by OP, but honestly, there are a lot of knowledgeable people talking about how to find the solution in personal finance without even understanding the real experience of being in that situation. Don't give a comment with a simple follow here, follow there, read books about finance, etc., etc., etc.

I'd rather look and research for a person who really knows being in a poor state and really starts from scratch.

They know more about how to survive being in a worst financial situation and what they do is more inspiring to follow.

[xSkylarx]

Personal finance or financial literacy is a very rich field. Even if you read and improve yourself every day, there is still more to learn. With personal financial development, you can improve yourself not only financially but also in terms of general culture. It is a situation that gives vision to the individual.

That's precisely why we have to gain knowledge or try to catch up so that we don't fall further behind.
We must realize that technology and knowledge, if we cannot adapt to very fast developments, will leave us far behind and make it increasingly difficult for us to survive in life and so that this does not happen, we must at least have a good vision so that knowledge and technology at least can be balanced so that we can survive with the existing life.
Even though we know that it is very difficult to follow something like this, it will be better than not trying at all and giving up on the situation.

Adoption of technology is really needed right now. Just imagine that most of the job right now is about technology because, as you are right, it is difficult to not have technology right now. Also, most of the jobs hiring right now are in technology, which again gives you a huge salary that can buy our needs and keep us financially free. Also, we can use technology to manage our finances, which is why we should always take advantage of it.

[mamesso]

Lack of discipline in spending money is one of the main causes of always lacking money when needed. The root of the problem is in oneself how to manage money with discipline, responsibility to the family cannot be used as an excuse because it is the duty of the head of the family to finance all their needs. Need to introspect yourself when facing financial problems, where the money has been spent so far, if some of the money is spent where it is not really needed, it is necessary to make changes so that the money can be allocated as future savings.

[SmartCharpa]

      -   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 really difficult to start over from scratch on your own, and since that doesn't happen to anyone anymore, I agree with number [c]: surround yourself with people who have a positive outlook on life. This can really help a lot, and I think it has helped many of us in life. How would someone benefit from this platform if he is unaware that this forum even exists? Apart from this forum, there are many other ways to learn more about financial difficulties and how to overcome them in order to succeed, but I am aware that people who are aware of this forum's presence benefit greatly from it.

What about someone who is caring a family responsibility, how is it going to help him? and wants to read books? As a responsible person, you should always give to your family; there is nothing wrong with it; all you need to do is keep working hard and praying.

[BRINIRHA]

Lack of discipline in spending money is one of the main causes of always lacking money when needed. The root of the problem is in oneself how to manage money with discipline, responsibility to the family cannot be used as an excuse because it is the duty of the head of the family to finance all their needs. Need to introspect yourself when facing financial problems, where the money has been spent so far, if some of the money is spent where it is not really needed, it is necessary to make changes so that the money can be allocated as future savings.

Allocating money on things starting from the most important is what must be done. Like prioritizing primary needs. And the rest is new to secondary needs. This is necessary to ensure that basic needs are always met properly. And only spend money on things that are really necessary and avoid spending on things that are not really necessary or are just fashion. But all of that cannot be done if someone does not have self-discipline in managing their finances. and you are right that financial discipline is the main thing you must have.

[AicecreaME]

      -   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?

Are these problems really related to finance    Finance problems happen when you have enough money but you are unable to manage it properly.

If you are unable to make progress in your current job role or business and if everything to try turns out be against you, then it is not the financial issues but rather it is something related to your skills which you are not competent at or perhaps you do not know how to run a particular business and always end up in a loss.

I think you misunderstood OP.

What he meant by that is that, no matter what you do, there's seems to be no progress in yourself, since you can't budget your own salary due to overspending. And financial problem is not only for those who have so much money but doesn't know how to spend it properly. It is for people who does have a problem on budgeting their salary for their bills, it's either not enough because of being underpaid, due to overspending in their wants or they don't really have the privilege to earn a decent salary to sustain their needs.

[khiholangkang]

Lack of discipline in spending money is one of the main causes of always lacking money when needed. The root of the problem is in oneself how to manage money with discipline, responsibility to the family cannot be used as an excuse because it is the duty of the head of the family to finance all their needs. Need to introspect yourself when facing financial problems, where the money has been spent so far, if some of the money is spent where it is not really needed, it is necessary to make changes so that the money can be allocated as future savings.

Allocating money on things starting from the most important is what must be done. Like prioritizing primary needs. And the rest is new to secondary needs. This is necessary to ensure that basic needs are always met properly. And only spend money on things that are really necessary and avoid spending on things that are not really necessary or are just fashion. But all of that cannot be done if someone does not have self-discipline in managing their finances. and you are right that financial discipline is the main thing you must have.

Fulfilling your needs and exercising financial discipline is indeed a good thing and must be done, but what happens if the financial problem is not due to spending or spending arrangements, but rather because of a lack of income, what you mentioned is not useful because of course among people who have financial problems are not in what they want to buy but in the amount of their income, which on average is less so which arrangements are appropriate to implement, if in a situation you need money for outpatient treatment but you also need to eat and drink, what discipline? which must be taken into account in this case.