You can't meet all your needs/desires at once, even if you spend all your salary

[Dr.Bitcoin_Strange]

First I would say "human needs are insatiable." Upon attending to some current needs, definitely others will arise. So, even if you spend all your earnings trying to solve every of your needs, that doesn't mean that other needs might not arise.

Often times it's good to remind ourselves that we are still in the real world and have to come out of the world of fantasy.

This is mostly concerned with people who have not really gained a strong grasp on wealth and finance, i.e., those who are not really financially stable. Although it concerns all, but mostly those who are less financially stable.

Bitcoin investment doesn't require a pocket full of money before you can invest, but it's something you can do with in a peaceful mind and with no minimum or maximum amount. It also doesn't put restrictions on the amount of Bitcoin people want to buy or hold, so it's better to invest than to wait until you have finished satisfying all your needs before you think of investing in Bitcoin.

I am not saying that personal needs, some challenges, and problems should not be attended to, but there are some secondary and tertiary needs that can be attended to later. Some people are earning well, but they want to settle all their needs before investing in Bitcoin or into something that will be profitable to them in the future. But even the needs they are trying to solve are unending, because the more needs they solve, the more they others evolve in a short time.

For example, even if someone has $10, 000 in their account and they decide to spend all that money on the current problem or financial needs that they are faced with at that moment, the next moment they will still have some new needs and desire evolving, which also require attention, and by then they will still need more money to tackle whatever issue it is.

So, folks, I wish to remind us to always keep to your budget, still hold on to your savings, and invest for the future. Don't always think you can use your entire savings to solve today's problem, forgetting that tomorrow's needs, desires, and problems are going to evolve.

I shared this based on some mistakes I made a few months ago when I took a lot of responsibility on my shoulder and took out a whole deal out of my savings to solve some problems, with the hope that I would start saving again to cover what I had taken out, but... more needs even arise.

[1714685917]

1714685917

[1714685917]

1714685917

[1714685917]

1714685917

[Faisal2202]

You have pointed out a good discussion. And you have made valid points too. I have a small example which will elaborate it more and it will be easy for many people to understand.

You must have seen one or two topics related to above image in which OPs were saying that BTC is a great hedge against inflation and some were emphasizing that, investment is better then filling all wishes. This same example fits right in your topic too. Because one if have Iphone 14 pro max then he /she must think to buy Iphone 15 pro max while thia is just a wish not some need. But still people prefer to buy it instead they would have bought 0.03+ BTC. And that would increased their portfolio.

The point is, one would say, he have saved enough now he wanted to fulfil his wishes but he might be wrong too. Because world has unexpected events for you which might become expensive so it is better to save funds and invest them so that they would not lose value over time due to inflation.

[SmartGold01]

Needs and wants never ends but what you must know is that investment are made to secure our future and to prevent us from lacking when time as met, naturally we are also required to tackle our major challenges as that is main reason for investment. When our problems are solved you are free from every mental stress and thinking, otherwise we need to introduced some saving methods whereby whenever your salary/salaries comes you should know how to handle it in order to be able to see your needs and wants when time comes, you might not channel all your income into investment because there are unforeseen needs and wants, that may arise and this are always crucial to be attended to.

Though for bitcoin investment we may start involving ourselves with DCA, it can be as little as you can be  it $10 or $30, the thing is we should make sure that something very positive towards your investment are actually going underway by then you wouldn't know when you might have arrived at high place (succeeding have sufficient amount in your saving plan) that may be there for future preservation and to attends to your needs when the times.

[Sim_card]

It is better that we don't think of only today but we should also think about tomorrow, because when you invest for tomorrow, it will help you secure your future and make you live a better life, this is the reason why investing in bitcoin is very important. Using all the funds that you have today without investing it shows how shallow your financial mentality is because what has been spent can't be retrieved. This is why as long as you are earning, you should try and invest some fraction into bitcoin so that you don't misuse that money for irrelevant or unnnecessary things that will depreciate with time.

[safar1980]

One of the important thoughts of Kiyosaki's book "Rich Dad Poor Dad":
"The book emphasizes understanding the difference between assets and liabilities. According to Kiyosaki, assets generate income or appreciate in value over time, while liabilities drain income or depreciate. Building a portfolio of income-generating assets is crucial for financial independence."
If a person wants to gain financial independence, then he should not buy liabilities, like expensive cars, which will increase his expenses.

[DeathAngel]

There’s are sayings ‘you always want what you can’t have’ & ‘the grass is always greener on the other side’ that sum up this conundrum perfectly. Human beings are never satisfied but in some ways that’s what makes us so different & more developed than other living organisms. We should always try to achieve more, it’s not a bad thing.

[Helena Yu]

$10,000 is still small amount of money if you're want to reach financial freedom.

It's wrong if you said someone can't meet all their desires at once, if they're rich people e.g. Elon Musk, Mark Zuckerberg, Jeff Bezos etc, actually they can fulfill all their needs and they don't have to worry about the money they spend.

If you're a mediocre, even you've invest all of your money and gain a lot profit, you still not able to reach financial freedom because the salary you earn aren't big.

[Dr.Bitcoin_Strange]

It's wrong if you said someone can't meet all their desires at once, if they're rich people e.g. Elon Musk, Mark Zuckerberg, Jeff Bezos etc, actually they can fulfill all their needs and they don't have to worry about the money they spend.

  where did I say so? I think you miss to read  what was said below. 

This is mostly concerned with people who have not really gained a strong grasp on wealth and finance, i.e., those who are not really financially stable. Although it concerns all, but mostly those who are less financially stable.

By the way, forget the fact that the people you have mentioned above are big-time rich men. But don't you think that they might have some other big-time project they wish to have launched, but because the total value of capital they need is not yet ready, they decided to still (keep it pending) make due with what they have archived so far, but they are still gathering more funds to pioneer a new project that can earn them more money?

For example, I think Elon Musk has a project with Mars that is still in progress. It could be a desire that he wishes to archive, if everything is really in his power financially and otherwise, he could have just archive it overnight.

[Poker Player]

You can't meet all your needs/desires at once, even if you spend all your salary

There is a thing called contentment, which you haven't discovered yet.

First I would say "human needs are insatiable."

Not true. Some people's, or a lot of people's if you like, but not everyone's. I insist on the previous comment. The rest of what you say, since it is based on a premise that I consider false, I do not agree with it.

For example, even if someone has $10, 000 in their account and they decide to spend all that money on the current problem or financial needs that they are faced with at that moment, the next moment they will still have some new needs and desire evolving, which also require attention, and by then they will still need more money to tackle whatever issue it is.

Sounds to me like wishful thinking about spending, or something like that. Remember: contentment.

So, folks, I wish to remind us to always keep to your budget, still hold on to your savings, and invest for the future.

I do agree on this.

I shared this based on some mistakes I made a few months ago when I took a lot of responsibility on my shoulder and took out a whole deal out of my savings to solve some problems, with the hope that I would start saving again to cover what I had taken out, but...

Ok so learn from the mistake and don't make it again.

[macson]

There are still many people who don't understand which needs are priority needs and which are non-priority needs, for example my little sister, she and her friends are already talking about buying an iPhone 15 when it comes out, honestly when i heard this i just shook my head, often people buy non-priority things just because they want to be recognized in their social circle even though if they are good friends, they definitely don't look at their friends based on the luxury items they own.  it doesn't matter if everyone wants to buy the things they really dream of, but the things that people must prioritize are savings, investment and also a stable income.

[dothebeats]

I agree with you, there will always be something else waiting for us to spend our money and resources on. Hence, it is very important to ensure we leave something for tomorrow. We can never be 100% sure that we will be fine tomorrow and no problems will arise after we solve the problems of today. We cannot be too confident in luck and just let the wave us wherever because we gave everything to the needs, wants, and problems of today. We need to ensure we are always prepared for tomorrow despite facing the present day. Make sure we have savings, investments, assets and other sources of income that will back us up for tomorrow and the future days that we will surely be facing problems and catering to our never-ending needs and wants.

[Queentoshi]

I shared this based on some mistakes I made a few months ago when I took a lot of responsibility on my shoulder and took out a whole deal out of my savings to solve some problems, with the hope that I would start saving again to cover what I had taken out, but... more needs even arise.

Some needs need to be quickly solved if there is the money to do it and not prolonged too much so it does not keep bugging. Plan to meet your needs little by little so it does not put you in a discomforting position where you will then be forced to borrow money to survive until another money comes. The reason why some people are progressing steadily and meeting their planned goals is because they are very good with planning and getting their needs met, so people always think that they have money always.

[Zlantann]

Bitcoin investment doesn't require a pocket full of money before you can invest, but it's something you can do with in a peaceful mind and with no minimum or maximum amount. It also doesn't put restrictions on the amount of Bitcoin people want to buy or hold, so it's better to invest than to wait until you have finished satisfying all your needs before you think of investing in Bitcoin.

Needs and wants are different. Needs are basic supplies that are essential to survive while wants are usually acquired for pleasure. You don't need to starve or push away responsibilities because you want to save and invest. I know we need to make some sacrifices to help us save but if your income cannot cover your needs, don't even think of investing.  What you need to do is to seek other means to increase your income. But it is important to cut many pleasurable activities that are not important so that we can save enough to invest.

So, folks, I wish to remind us to always keep to your budget, still hold on to your savings, and invest for the future. Don't always think you can use your entire savings to solve today's problem, forgetting that tomorrow's needs, desires, and problems are going to evolve.

If today's problem needs to be solved with your entire savings,  please use it to solve the problem. The reason why we save is not only to invest but to solve problems. We have to be prudent in spending but some needs or issues must be solved with even all we have. You can have your budget but you have to note that unforeseen circumstances could change the financial plan.

I shared this based on some mistakes I made a few months ago when I took a lot of responsibility on my shoulder and took out a whole deal out of my savings to solve some problems, with the hope that I would start saving again to cover what I had taken out, but... more needs even arise.

Some people have to borrow or even sell personal belongings to solve their problems. So you should be proud of yourself that you have the funds to solve your problems. I also had to pull out some part of my savings fund for a relative's health bill. It was unexpected but I am pleased that I could help.

[Lida93]

You can't meet all your needs/desires at once, even if you spend all your salary

There is a thing called contentment, which you haven't discovered yet.

Contentment is something that's very good and it's a virtue everyone should have but being contented doesn't mean satisfaction.

Humans should be contented with what they have but it doesn't mean they should be satisfied because human wants are insatiable as they are tied to growth (in all ramifications of life) so we keep striving to get more.

First I would say "human needs are insatiable."

Not true. Some people's, or a lot of people's if you like, but not everyone's. I insist on the previous comment. The rest of what you say, since it is based on a premise that I consider false, I do not agree with it.

As much as you're a human and alive you are bond to have one need or the other. Our needs keep piling after we solve one another will submerge.

In fact for the very reason that humans are faced with unlimited wants but with scarce means to meet those wants it then entails that no man can be satisfied in life he will always be in need for something to keep life going whether we agree or not.

[CryptoHeadlineNews]

Yes, It's true that as humans, we can never meet all our needs/desires at once due to its insatiable nature, but that doesn't mean that Bitcoin is the only gateway to financial freedom, which if a person doesn't invest in it, he/she can never attain the height to financial freedom, because when it comes to Bitcoin investment, I think that's one kind of investment you don't force people into it, but an investment someone goes into after haven been convinced of it being a worthy asset/investment option. As humans, it's very important to keep 3 kinds of funds (i.e. Emergency fund, investment fund, and fund for daily usage)

[Davidvictorson]

I shared this based on some mistakes I made a few months ago when I took a lot of responsibility on my shoulder and took out a whole deal out of my savings to solve some problems, with the hope that I would start saving again to cover what I had taken out, but... more needs even arise.

In my high school economics, I was taught that there are wants and there are needs. We can do without wants but we would barely survive without meeting our needs. There is also the ranking of needs to be met in the order of highest to lowest priority.

In the OP situation we encounter dire conditions whereby it is only our savings that saves us. And this is usually the last resort. There will always be a problem to solve, a pressing need to be met to be able to escape the issue mentioned by the OP, we need to look towards multiple sources of income. It will helps so that one income can go into meetings the need or solving the problem and another income can be dedicated to savings only.

[ChuckBuck]

For years, economists have struggled to solve the human insatiability problem. You sound like a behavioral economics case study; constantly spending and seeking more money. Your problem isn't unique. Bitcoin isn't the panacea you think it is. You can select how much to spend, but do you realize how fickle the market is? Even tiny investments might fail rapidly. If you don't follow guidelines and research, you'll make lousy financial decisions. The key is money management, which many individuals, especially here, might improve. Yes, you are right to advise saving and investing. Please don't convince financially needy folks that Bitcoin is the solution. 

[yhiaali3]

It is good to learn from personal mistakes and always remember them so that we avoid making the same mistake in the future.

As for human needs, yes, they never end, especially for those who have a family and children, you will find more and more needs daily.

So for me, I work to allocate a weekly budget to the DCA strategy and leave the rest for family expenses, and I try to manage my financial affairs in proportion to the amount I have previously allocated. This method works for me in controlling expenses, but if you do not make a plan to control expenses, you will not be able to save any small amount for investment.

[jrrsparkles]

Your salary is never going to be enough even if you got an appraisal the purchasing power of that fiat is actually decreasing which means you can only meet certain needs that you have even with more money that is why investments can make your life changes.

Bitcoin is good for investment but just focus on the investment part here cause 90% of working-class people live their life from paycheck to paycheck so they literally have no idea about savings and the future, all they focus on is current and influenced by the media and become a prey for this consumerism.

[|MINER|]

We should always think about the future.  You should keep your mind calm.  If a person spends all his capital without thinking about the future, he will suffer a lot.  To be successful you have to be frugal.  No one can fulfill all his needs in one day. Every step should be thought out.  We should learn to control our emotions.  However, while saving, we should not forget the daily life needs. That means the daily life needs should be met properly.  If you stop eating good food or living a quality life for fear of running out of money now, it would be unfair to yourself.  Moreover, you don't have to be very rich to invest in bitcoin.  You can invest money in bitcoin a daily or weekly or monthly.  And from now on you can expect to benefit a lot.