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

[Ryu_Ar1]

Human needs cannot be met is true and is an undeniable fact.
The conclusion I got from this is because our desires as humans always feel lacking in what we have, so the needs we feel will always be much greater than what we have, but this is normal because we as humans definitely have ambitions which are one of the gateways for us to want something but we will never be satisfied and are always looking for a new target that we want to achieve after completing the previous target.

Many people often say that being grateful for what we have is one way to avoid this, but in this case I have a different thought because even though that is true and being grateful is a good way, deep down I have the ambition to want more. something more. will definitely still be there.

[Stedsm]

That is human nature, and he can't live a normally satisfied life and the hunger in him will always light up extra fire in his heart to bring in more desire in his life and do even more work to achieve it. Those who don't stop trying, those are the only ones who succeeded and will succeed but the ones who don't try, can never even fail it because they're losers in their thoughts already. It's not about spending the whole salary and not meeting the needs, it's all a matter of mental state where that person decides whether he is satisfied with what he already have, or wants more from his life and will do what it takes to achieve his dreams.

[Captain Corporate]

The problem is that some people think if you have a million dollars, ten million dollars or even hundred million dollars, you will be happy and not need money ever again and not want something you can't afford. However, if you look at the rich people, that's not really true at all. Just because you are capable of buying products that are designed for you, which even in that case there are some that you can't probably afford, there are also some that is also mostly about other stuff that you can't buy, huge real estates, companies, business ideas/patents, there are still so much stuff. You may have 100 million dollars, meaning you will never be poor if you are smart, but maybe you want to buy netflix, can you? Thats 100+ billion dollar company, even Elon can't afford to buy it outright. So all in all, people always wants one more than what they own.

[philipma1957]

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.

Needs are easy to fill.  Wants are insatiable.

I already have what I need.

I have no where near what I want.

First off I want perfect physical health.

Second I am 66 years old I want to age backwards to 30.

Third my wife is 67 years old I want here to age backwards to 30.

Four we get to 30 years old I want us to stay 30 years old for at least 300 years.

those four things are all wants not needs.

After my wife and I get them I am sure we will want more .

So needs are easy peasy for many people

wants not so much.

[Issa56]

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.

No matter the amount of money you have or the amount you spend on yourself, you can never be satisfied with your needs. The more you keep earning, the more your taste keeps on increasing and the more problems come up. Even if you spend all your money, you can’t solve all the problems you are having, and the more you keep solving the problems you are having, the more other problems keep arising.

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.

It’s a better idea to invest, but I won’t force people to invest, and I will say there are some basic things that have to be taken care of first before thinking about investment. You don’t have to starve yourself just because you want to make investments, provide the basics like food, shelter, medical care, and other necessary things. If you invest in bitcoin and after a few weeks or days, are desperately in need of money, I am sure you will end up selling the bitcoin back just to take care of the problem you are having.

[teosanru]

This is a very good point. I was just talking to one of my friend about it a few days back as well. There is no end to human desires, even in terms of the salary also the desire will only increase after you have reached a certain milestone. But the fact is that after a certain point more money doesn't increase your hapiness by a big factor. It's probably because of the diminishing marginal utility law coming in picture. So better is to work for your passion and do something that you really enjoy because there is no end to the process of keeping working just for the sake of money.

[panganib999]

It applies to people who live in excess. For the rest of us I don't think budgeting alone is the problem.

I've seen people be well off under a $400 dollar per month salary from where I live. I've seen people who could barely make ends meet with their extravagant $1500 earnings per month (For reference, I live in the Philippines so stuff is still relatively cheaper here compared to the rest of the world). I've witnessed people who upgraded from a higher salary grade be well off, I've seen people who still can't save up enough. It all boils down to situation. Sometimes you can be the most frugal person on the planet and that wouldn't be enough if you're getting paid peanuts, other times you could be given the whole world on a platter and you'd still end up broke by the end of the month cause you just don't know how to manage your finances well.

I say frugality has its limits, but so is your salary. find the right balance between the two and I'm pretty sure you'd be able to make it by the end of the month with a net gain moving forward.

[Wexnident]

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.

Well, that's why you differentiate between a need and a desire imo. A need is a priority, a desire is something you just grab when the chance is there, in most cases, you can't though. I tend to prioritize my needs, regardless of what level of importance they have, rather than my desires. It's just that it can hit you in the knee in a bad way if you tend to push it down the list of importance most of the time.

I myself used to have a case where I only spent all my finances on my needs, but had zero for my desires. I was lucky that it didn't encompass everything I wanted, since I could draw on what I already had in the past year (I had a small drawing tablet I've used since forever), and I was pretty content with that. Sure, an improvement would be nice, but that's it, it's only going to be nice, it's not going to change much of me.

But well, having you spend money based on your desire every now and then can imo help subside that feeling of boredom. Or a repeat of every day. Just like how you need to have fun every once in a while

[joniboini]

So better is to work for your passion and do something that you really enjoy because there is no end to the process of keeping working just for the sake of money.

I think this is quite difficult for most people. Working for passion can also mean what you enjoy most might be a chore sooner or later. I've seen a few content creators say they don't find their work meaningful anymore, hence why they stop. But some of them can't do that since their income relies on views, which in the end only causes a downgrade in the content they create.

Personally, I'd suggest people not to make their hobby or what they love their main job. Even if they can do that, it is better to find something else to spend your time. When you reach the point where money can't satisfy your need as you mentioned, you'll likely end up feeling more depressed and hating your hobby/work more.

[xSkylarx]

If you don't push yourself to invest or save and sacrifice some stuff you can't do it. You made a great point as I've experienced this too because if I don't push myself to invest in something I won't be able to do it later because something is stopping me. Though I differentiate my needs into highest priority and lower priority, those highest are the ones that can affect us like if I don't buy this it will make us starve as well as the bills but others like clothes may be needed but can be purchased later on so you'll be saving money for them and you'll have some money to invest in and sacrifice things.

[kingvirtus09]

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.

That's right, because I also saw something like that on Facebook, and I don't understand why there are prices in each iPhone category. This is what I saw.

Also, if there is Bitcoin, it is not practical for me to use Bitcoin to pay for a branded and expensive iPhone; it is a luxury. Isn't Samsung open to Bitcoin too? But they don't show anything like that, do they? It is not practical to use bitcoin for payment, especially since we are approaching bitcoin halving next year.

[bluebit25]

A saying that I heard about the views of some upper class people is "money cannot solve all problems, and as long as there is a lot of money, the problem will be solved."

Being important about material things in society is something that most of us are forced to do, thinking about being satisfied with our own abilities so as not to dream too far away and suffer the power of money.

Thinking is simpler than money, which is a tool to help us do everything in life, and it is achieved through effort (including luck but still requires effort to create luck). My personal story, by participating in this forum I learned how to be satisfied but then I also realized gratitude for everything that appears, and the same goes for money if I just try to run. If you follow to satisfy your needs, that satisfaction will never be achieved.

[serveria.com]

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.

People are different. I mean, I know someone who's making $600k+ per year and is whining that he can't afford this and that and at the same time  there's a person earning $100k+/year and claims he can't spend all the money he earns and even manages to save some. So yeah, depending on the individual and his/her needs.

[Ayers]

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)

There are many ways to help us achieve financial freedom, bitcoin is just one of them. But since we're on a bitcoin forum, you shouldn't be surprised that all the comments will only mention bitcoin and that there is no second path to financial freedom. I believe the majority of us here are choosing bitcoin as the only way to go, so bitcoin will always be biased here.

I have an outside business and a pretty steady income but honestly, I put more faith in bitcoin to help me become financially free than my business. But if bitcoin can't help me achieve my goal, it doesn't mean I don't have another solution, bitcoin is the preferred solution.

[Jawhead999]

That's why you need to become 1% people where they don't care about needs/desire, they're focus to make money and money even though they can afford to fulfill their needs/desire.

Actually this is a modern problem because many young people are obsessed to impress other people with their achievement that mostly related with money. If you can escape from this, you're high likely will happy.

[CODE200]

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.

I so love this book because I learned a lot in terms of financial matters. And he's actually right about assets and liabilities, and that we should focus building our assets because it will help us to generate values and will assists us in the long run. I remember my professor in economics once said, that a great example for this are the Chinese people. We can notice that if you asked people what are the first thing they're going to buy if they got millions, they would say a house or cars. But the Chinese people, they invest and spend their money more on businesses even if they can already afford buying house because for them, assets are more important for it will help them generate more income. What I've noticed about them is that the first floor of their houses are for business like stores and such, and the second floor of their houses is for their own space or their home itself. And I think they are a great example on how we should view needs and desires.

[Huppercase]

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.

Adulthood is one of the most revealing secret stage of life, if there is anyone around me to tell me the truth about the salary and expenses around you when I was younger, I will be very happy to grow with that mentality. I have all wanted in my life to study hard and get good paying job but when you view it from different angle, a salary cannot finance all the problems around you be it your own or the family.

Whether you have savings or not, it will not do you any goods like that, if you have savings and have more problems, it is like you are not saving anything at all because by the time you open that savings, it will be as if you never save anything at all as problems will over shadow the amount you have save.

If you have more stream of income from salary like side job you do aside from your main job and have savings, it is a good idea. If you have investment and savings another good idea but anything other than that is nothing because inflation is not funny right now, food prices has skyrocketed, average salary is no longer average, only investment is the only way forward and it shouldn't be bitcoin only, span and diversify it through other options of investment.

[Arenga pinnata]

I think I also understand what the OP is saying. Because I have also lived in a condition where I always try to fulfill all my desires and rarely even leave money for the next month. My life is too free. But I started to realize that my steps were wrong at that time. Because even when we buy a luxury car, it will only cost us vehicle tax which is also more expensive than ordinary vehicles.

The point is that every time we fulfill one of our desires, there will be several greater responsibilities that we must fulfill. There are more needs and more wants. So I started thinking about learning to manage finances.

And I continue to learn until now. Until I decided to invest in bitcoin. Although some time ago I was tempted to sell my bitcoins. But now I've invested again when Bitcoin goes down again. And made me have more BTC than before.

[JunaidAzizi]

First I would say "human needs are insatiable.".

I totally agree with your point that human needs are insatiable. When you solve one problem or fulfill a single need the next one is waiting for you, which makes it difficult for us. If a person has a good financial structure and a good future plan then maybe he will secure his future. Most people use the money to fulfill today's needs or they just think about the present but if they are alive for tomorrow and they spend all of their money on yesterday's needs then what will they do or how they survive? This makes me sad but when I think about it I remember the bitcoin which is a blessing for us. Investment in Bitcoin not only save your present but also the future and yeah you are right it does not require a lot of money but instead you just invest on a monthly basis the money which are left from today's need or your saving. This strategy will secure your future and will not let you down to someone.

[RockBell]

That is human nature, and he can't live a normally satisfied life and the hunger in him will always light up extra fire in his heart to bring in more desire in his life and do even more work to achieve it. Those who don't stop trying, those are the only ones who succeeded and will succeed but the ones who don't try, can never even fail it because they're losers in their thoughts already. It's not about spending the whole salary and not meeting the needs, it's all a matter of mental state where that person decides whether he is satisfied with what he already have, or wants more from his life and will do what it takes to achieve his dreams.

That's is true we are designed not to be satisfied but even at that measures of satisfaction can be taking. If that personality is not controlled then greed start setting in gradually. And once greed sets in other forms of personality starts coming from different places. And human nature  is always desiring new and more things, and if you look at most of this companies that is were they get money from they keep releasing new upgraded products and people will always want to belong to whats trending. In what ever you do consistency matters a lot and does people will be favored in one way other. For a person to do proper planning for his salary his good, making proper plans will also help in satisfaction sometimes.