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

[AicecreaME]

Most of the well earners that are still enjoying their adulthood don't still prioritize investment because they prefer to clubbing, drinking with friends, partying, and other easy go lucky activities, because they are thinking that they only live once, and they can afford it, they can earn it again.

They don't care about their future, the backfire of their activities that don't secure themselves in the future, no savings, no emergency funds, just flexing their salary through social medias and by treating their friends every single time.

[1714253520]

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[dothebeats]

Most of the well earners that are still enjoying their adulthood don't still prioritize investment because they prefer to clubbing, drinking with friends, partying, and other easy go lucky activities, because they are thinking that they only live once, and they can afford it, they can earn it again.

They don't care about their future, the backfire of their activities that don't secure themselves in the future, no savings, no emergency funds, just flexing their salary through social medias and by treating their friends every single time.

Such an example you stated only proves how important it is for us to know what to prioritize in life and how to balance our wants and needs. Although we cannot blame those individuals who choose to spend their well-earned money to enjoy life and live in the moment by going to clubs, parties, easy-go-lucky activities, and excessive shopping, we can surely learn from them by knowing the positive and negative effects of their chosen lifestyle and scaling which one is predominant. I've seen and known people who are able to enjoy those listed things while ensuring that they are able to maintain their savings, have emergency funds, and even invest.

[Joshapat]

Human desires are of course very diverse and we will not be satisfied if we only spend our salary. If we had an income of $1 billion per year, we might spend it and we would not be able to fulfill all our desires, so the $1 billion is gone and many of our desires have not been achieved.

[Biznesmen]

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.

Here you mentioned needs, which means expenses or spending. There are two types of expenses, short-term and long-term. We can't escape from this, but we can avoid some expenses. That's where investment plays its role. Everyone knows how investment helps people to worry less about their future. As a Bitcoin investor, you can give suggestions on where to invest, but the ultimate choice is theirs, and we have nothing to do with that. People who are not investing in crypto currencies have their own reasons, maybe a lack of trust. But through this thread, you're doing a great job by sharing your experience, and through this, you're giving a good reason to invest in crypto currencies.

[Baki202]

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.

It's time for people to start distinguishing between needs and wants. A lot of decisions are made under the influence of peer pressure. For example, imagine that your sister prioritized buying the iPhone 15 even though it had already been released, rather than thinking about how to invest such a large sum of money. She should have received proper orientation about all of these issues before she received the money and made the purchase. They want to be seen as wealthy because of their stuff, which aren't even valuable for ratings, because we have a habit of buying things we don't need. Compared to owning properties and numerous other things. In life you just have to decide what you want luxury or investment.

[Captain Corporate]

This was one of those days for me as well. It was one of the days where we need to arrange something that fixes these issues, this is why we need to arrange anything that would not be reasonable. Should we arrange something that forces our finances that would not make anything tha could force our hand. This is why we need to not have less of the days I had today where I overpaid for something and that caused some issues. In the end we cant really sustain this life forever, it just doesnt mean that we cant spend at all, it just means that we need to spend within our means, if we can keep doing that and not go into too much in trouble then we can do a lot better. Hopefully I will do better than this, and not really change anything that will do put myself risk it, it feels fine in the end because I will find a way to make it better eventually.

[Arenga pinnata]

Human desires are of course very diverse and we will not be satisfied if we only spend our salary. If we had an income of $1 billion per year, we might spend it and we would not be able to fulfill all our desires, so the $1 billion is gone and many of our desires have not been achieved.

And human desires actually always increase to something higher, more expensive, more difficult or rarer. For example, when we have the desire to buy object A, after we have object A, we will have another desire, namely wanting to have a better object, namely object B. And so on without limit.

So in this case we really have to be wise individuals in spending money. We must be able to differentiate between what we need and what we don't need. Which ones should be a priority and which ones should not be a priority?

But if we are used to buying every thing we want without considering whether it is really needed or not. So it is not easy to change our habits. It takes time and perseverance and good financial management so that we can escape from our previous bad habits in managing finances.

[slapper]

Human desires are of course very diverse and we will not be satisfied if we only spend our salary. If we had an income of $1 billion per year, we might spend it and we would not be able to fulfill all our desires, so the $1 billion is gone and many of our desires have not been achieved.

And human desires actually always increase to something higher, more expensive, more difficult or rarer. For example, when we have the desire to buy object A, after we have object A, we will have another desire, namely wanting to have a better object, namely object B. And so on without limit.

So in this case we really have to be wise individuals in spending money. We must be able to differentiate between what we need and what we don't need. Which ones should be a priority and which ones should not be a priority?

But if we are used to buying every thing we want without considering whether it is really needed or not. So it is not easy to change our habits. It takes time and perseverance and good financial management so that we can escape from our previous bad habits in managing finances.

Isn't it wonderful how desires change? As you said, after we obtain object A, we focus on object B. The circle never ends, right? In bitcoin and the current economy, this is even more true. Think about it: many sought bitcoin early on. Since its value has surged, people want more of it or to diversify into other cryptocurrencies. Spending wisely is important in the volatile world of cryptocurrencies. Do we need or want bitcoin investments? Which comes first? Short-term gain or long-term investment? We must ask ourselves these

But habits... they're hard to break, right? Changing our compulsive buying habits is difficult. It takes time, patience, and financial management knowledge. Isn't financial stability worth it? Yes, definitely

[Jemzx00]

Most of the well earners that are still enjoying their adulthood don't still prioritize investment because they prefer to clubbing, drinking with friends, partying, and other easy go lucky activities, because they are thinking that they only live once, and they can afford it, they can earn it again.

They don't care about their future, the backfire of their activities that don't secure themselves in the future, no savings, no emergency funds, just flexing their salary through social medias and by treating their friends every single time.

I know someone who do these things but in moderation and still have funds for their savings. When I ask him about it, he informed me that it's also some kind of investment as well but for his mental health. Going through clubs, going out and partying with his friends every now and then relieves stress that he gets from his work and side hustle.

As long as you can stick with the budget allotted for your needs, savings, wants, and even emergency funds, then there shouldn't be any worry. I also, don't think that saving isn't what everyone should just be doing with their earnings as you must have time to enjoy what you earn while securing your future.

[poodle63]

Most of the well earners that are still enjoying their adulthood don't still prioritize investment because they prefer to clubbing, drinking with friends, partying, and other easy go lucky activities, because they are thinking that they only live once, and they can afford it, they can earn it again.

They don't care about their future, the backfire of their activities that don't secure themselves in the future, no savings, no emergency funds, just flexing their salary through social medias and by treating their friends every single time.

I know someone who do these things but in moderation and still have funds for their savings. When I ask him about it, he informed me that it's also some kind of investment as well but for his mental health. Going through clubs, going out and partying with his friends every now and then relieves stress that he gets from his work and side hustle.

As long as you can stick with the budget allotted for your needs, savings, wants, and even emergency funds, then there shouldn't be any worry. I also, don't think that saving isn't what everyone should just be doing with their earnings as you must have time to enjoy what you earn while securing your future.

true, you can be enjoying your life and still saving, thats what money management is.
you doesn't need to live miserably getting scuffed allocation of your money for yourselves when you're saving, as long as you have sufficient earning managing is easy.
though keeping the urge is not as easy. after all, sometime you have the urge to buy luxury cars sometime. thats usually what drains your savings.
but if its just saving for the future, like for retirement for example, its easy, but how one can be sure they could ever reach the age of retirement? i think its also better to enjoy the money you hard earned right now, living at the moment.

[Asuspawer09]

I started to listen to a lot of financial podcasts and It did help me a lot in my finances, It is pretty common to see even though we have a good-paying job but still it isn't enough ever we do about it it feels like we need a higher salary or needed a raise. Time that you have a lower salary you could easily budget that money but now that you have a higher salary it just isn't enough anymore, just because we just tend to let our lifestyle increase as well so that budget increases as well when our salary increases. There was just no limits to our desires and wants, if you already buy something for sure you're gonna want something again, so you just gonna need to balance your want, and always take note of your expenses and budget.

The thing to do here is just dont buy anything that you can't really afford, if you have a salary of 10k$ then dont buy something that is half of that something like that or more that than, if you buy something that is half of that there is some room for you to recover since next month you're going to earn it, but if you're going to buy something that is more than that your life is just going to be difficult. If you really want to buy something budget your salary you that you already have a limit on what you can spend in a month and if you want to increase that find other sources of income.

One of the things that I do to easily invest is I invest probably 40-50% of my income, yes it's a big percentage because why not?

[lixer]

Most of the well earners that are still enjoying their adulthood don't still prioritize investment because they prefer to clubbing, drinking with friends, partying, and other easy go lucky activities, because they are thinking that they only live once, and they can afford it, they can earn it again.

They don't care about their future, the backfire of their activities that don't secure themselves in the future, no savings, no emergency funds, just flexing their salary through social medias and by treating their friends every single time.

That's not what everyone does, it's just some people that spend everything they earn and don't keep anything for the future or make any investments to make their and their family's future secure, or maybe they don't have a family to think of and that is the reason why they are free of all sorts of tensions about the future and everything. However, one should still at least have some savings or make some investments for their future because it doesn't take much time for things to escalate.

I don't consider enjoying life a bad thing, and I also believe that one should live to the fullest if one can afford to do so, but that doesn't mean that one should forget about the future, what if they don't earn that much in the coming months and then need some money? They will be in a lot of trouble if they haven't saved anything by that time.

[slapper]

I started to listen to a lot of financial podcasts and It did help me a lot in my finances, It is pretty common to see even though we have a good-paying job but still it isn't enough ever we do about it it feels like we need a higher salary or needed a raise. Time that you have a lower salary you could easily budget that money but now that you have a higher salary it just isn't enough anymore, just because we just tend to let our lifestyle increase as well so that budget increases as well when our salary increases. There was just no limits to our desires and wants, if you already buy something for sure you're gonna want something again, so you just gonna need to balance your want, and always take note of your expenses and budget.

The thing to do here is just dont buy anything that you can't really afford, if you have a salary of 10k$ then dont buy something that is half of that something like that or more that than, if you buy something that is half of that there is some room for you to recover since next month you're going to earn it, but if you're going to buy something that is more than that your life is just going to be difficult. If you really want to buy something budget your salary you that you already have a limit on what you can spend in a month and if you want to increase that find other sources of income.

One of the things that I do to easily invest is I invest probably 40-50% of my income, yes it's a big percentage because why not?

One of the best ways to become financially literate is to listen to financial podcasts. Indeed, isn't it true? Sometimes, even with a well-paying job, it seems insufficient. We spend more money than we make. Really, isn't it a cycle? Our lives and expenses grow along with our salaries. Many people frequently fall into this trap

It's a great idea that you don't buy things that you can't afford. Spending half or more of your $10k salary on a single item can put a burden on your finances. The key is to budget. It is the basis for stable finances. Investing 40–50% of your earnings as well? That is admirable. Yes, that's a risky approach, but why not give it a shot if it works? Making our money work for us is the ultimate goal, after all. Is our money controlling us, or are we controlling it? is the true question

[Arenga pinnata]

Human desires are of course very diverse and we will not be satisfied if we only spend our salary. If we had an income of $1 billion per year, we might spend it and we would not be able to fulfill all our desires, so the $1 billion is gone and many of our desires have not been achieved.

And human desires actually always increase to something higher, more expensive, more difficult or rarer. For example, when we have the desire to buy object A, after we have object A, we will have another desire, namely wanting to have a better object, namely object B. And so on without limit.

So in this case we really have to be wise individuals in spending money. We must be able to differentiate between what we need and what we don't need. Which ones should be a priority and which ones should not be a priority?

But if we are used to buying every thing we want without considering whether it is really needed or not. So it is not easy to change our habits. It takes time and perseverance and good financial management so that we can escape from our previous bad habits in managing finances.

Isn't it wonderful how desires change? As you said, after we obtain object A, we focus on object B. The circle never ends, right? In bitcoin and the current economy, this is even more true. Think about it: many sought bitcoin early on. Since its value has surged, people want more of it or to diversify into other cryptocurrencies. Spending wisely is important in the volatile world of cryptocurrencies. Do we need or want bitcoin investments? Which comes first? Short-term gain or long-term investment? We must ask ourselves these

But habits... they're hard to break, right? Changing our compulsive buying habits is difficult. It takes time, patience, and financial management knowledge. Isn't financial stability worth it? Yes, definitely

So true. Sometimes human desires that keep appearing from one thing to another can also be a positive thing if they are directed in a good area. That is, like humans who previously created new coal-fired trains, then they wanted trains that were faster and without having to use coal and the current train was created. Because this desire is used to become an innovation in creating new things that can help advance technology and help make life more practical and/or easier.

But the desire to shop or the desire to follow trends without looking at the benefits that will be obtained is of course a desire that must be controlled. Unless we use this desire as motivation to make us work harder and make more money.

Likewise in the concept of a strong desire to have more bitcoins. And this must be controlled with good money management so that we don't fall into impulsive actions. Well, we can collect bitcoins slowly during a downturn or with just cold hard cash. But controlling these emotions or desires is not easy. especially in managing finances. But if we succeed in controlling ourselves then we will be able to rise to a better financial level.

[dothebeats]

I started to listen to a lot of financial podcasts and It did help me a lot in my finances, It is pretty common to see even though we have a good-paying job but still it isn't enough ever we do about it it feels like we need a higher salary or needed a raise. Time that you have a lower salary you could easily budget that money but now that you have a higher salary it just isn't enough anymore, just because we just tend to let our lifestyle increase as well so that budget increases as well when our salary increases. There was just no limits to our desires and wants, if you already buy something for sure you're gonna want something again, so you just gonna need to balance your want, and always take note of your expenses and budget.

The thing to do here is just dont buy anything that you can't really afford, if you have a salary of 10k$ then dont buy something that is half of that something like that or more that than, if you buy something that is half of that there is some room for you to recover since next month you're going to earn it, but if you're going to buy something that is more than that your life is just going to be difficult. If you really want to buy something budget your salary you that you already have a limit on what you can spend in a month and if you want to increase that find other sources of income.

One of the things that I do to easily invest is I invest probably 40-50% of my income, yes it's a big percentage because why not?

One of the best ways to become financially literate is to listen to financial podcasts. Indeed, isn't it true? Sometimes, even with a well-paying job, it seems insufficient. We spend more money than we make. Really, isn't it a cycle? Our lives and expenses grow along with our salaries. Many people frequently fall into this trap

It's a great idea that you don't buy things that you can't afford. Spending half or more of your $10k salary on a single item can put a burden on your finances. The key is to budget. It is the basis for stable finances. Investing 40–50% of your earnings as well? That is admirable. Yes, that's a risky approach, but why not give it a shot if it works? Making our money work for us is the ultimate goal, after all. Is our money controlling us, or are we controlling it? is the true question

First off, I agree with you. Listening to financial podcasts and just generally podcasts about lifestyle helps a lot. I used to think that I'd just be wasting my time listening to random people talk about things I probably already know or am aware of. However, these past few months I decided to give it a shot after randomly seeing a podcast ad on social media that was talking about financial literacy and the importance of budgeting. Glad to say that I've been learning a lot and have gained knowledge about various things I can apply and improve towards my financial decisions.

Secondly, I agree with you, that's the main question we all should be asking ourselves no matter how big or small our income is. Perhaps by answering that question, we will be able to have a clearer mind as to what changes we should do and what things we should start adopting to our financial system.

[ajiz138]

Most of the well earners that are still enjoying their adulthood don't still prioritize investment because they prefer to clubbing, drinking with friends, partying, and other easy go lucky activities, because they are thinking that they only live once, and they can afford it, they can earn it again.

They don't care about their future, the backfire of their activities that don't secure themselves in the future, no savings, no emergency funds, just flexing their salary through social medias and by treating their friends every single time.

Such a person has no plans for his future and he only enjoys the moment when he receives money from whatever it is including parental gifts because he thinks he is rich easier to get even without working, but this will lead to regret later.

This person will be happy at the beginning will be tragic at the end because they do not prepare anything for an emergency fund let alone prioritize investment, it is clear that they will not think about it, this is only some people who do not care, maybe because of the lack of financial advice from those closest to them.

Not all rich people are the same, they will definitely think about the future if they have long-term thoughts and plans during their lifetime and now prioritize their investments.

[shinratensei_]

Most of the well earners that are still enjoying their adulthood don't still prioritize investment because they prefer to clubbing, drinking with friends, partying, and other easy go lucky activities, because they are thinking that they only live once, and they can afford it, they can earn it again.

They don't care about their future, the backfire of their activities that don't secure themselves in the future, no savings, no emergency funds, just flexing their salary through social medias and by treating their friends every single time.

Such a person has no plans for his future and he only enjoys the moment when he receives money from whatever it is including parental gifts because he thinks he is rich easier to get even without working, but this will lead to regret later.

This person will be happy at the beginning will be tragic at the end because they do not prepare anything for an emergency fund let alone prioritize investment, it is clear that they will not think about it, this is only some people who do not care, maybe because of the lack of financial advice from those closest to them.

Not all rich people are the same, they will definitely think about the future if they have long-term thoughts and plans during their lifetime and now prioritize their investments.

usually the well established rich person are always already planning for future financial.
its those descendants of the rich that usually waste a lot of money if not getting proper education, thats why financial education better suited for those that already rich.
after all managing money also requires as much effort as to gain it though it can still be argued, at the end of the day, its essential to know how to keep money from vanishing.
therefore if someone really eager to become rich at least having some dollars in their banks, should know to differentiate between real needs and desire.

[dothebeats]

Most of the well earners that are still enjoying their adulthood don't still prioritize investment because they prefer to clubbing, drinking with friends, partying, and other easy go lucky activities, because they are thinking that they only live once, and they can afford it, they can earn it again.

They don't care about their future, the backfire of their activities that don't secure themselves in the future, no savings, no emergency funds, just flexing their salary through social medias and by treating their friends every single time.

Such a person has no plans for his future and he only enjoys the moment when he receives money from whatever it is including parental gifts because he thinks he is rich easier to get even without working, but this will lead to regret later.

This person will be happy at the beginning will be tragic at the end because they do not prepare anything for an emergency fund let alone prioritize investment, it is clear that they will not think about it, this is only some people who do not care, maybe because of the lack of financial advice from those closest to them.

Not all rich people are the same, they will definitely think about the future if they have long-term thoughts and plans during their lifetime and now prioritize their investments.

I'm not sure if any of you are familiar with the term "one day millionaire", but for those who don't know what that means it basically refers to an individual or people who spends whatever money they have or earn for a single day or a short period of time. They are basically those who just spends and spends until nothing more is left, and are slave to their desires. These type of people are the ones who often regrets their decisions and actions after some time, once they finally realized just what they wasted.

Shocking part is these people can either be rich individuals or those who are just average earners.

[romero121]

As eloborated in the opening post, it is true that the needs of people won't come to an end. It is our responsibility to plan wise and allocate good money for savings. Miscellaneous spending happens and those are unavoidable, at times people spend money because they don't know what to do. Such situations needs to be avoided. To understand this situation, one need to spend on analysing whether it is must needed one.

Personally I used to have long term plans and if the earning turns good then I'll spend on it. This helps in achieving the materialistic needs fulfilled earlier. This is possible only through proper planning where we need to be clear on the allocation for our needs and for investment.

[iamsange]

Human desires are of course very diverse and we will not be satisfied if we only spend our salary. If we had an income of $1 billion per year, we might spend it and we would not be able to fulfill all our desires, so the $1 billion is gone and many of our desires have not been achieved.

That is a huge amount of income and I think only an ungrateful human being would say that amount is still small. Because if someone with an income of that size still says that it is not enough to make their wishes come true, this shows that that person is someone who is very greedy with money so he is never grateful for what he has got.

Because other people won't even be able to earn that much money in a year or more, so only greedy people will say that that much money is not enough even though you say that every human being's desires are very diverse. But I think with that amount of money it wouldn't be possible to say it wasn't enough unless someone continued to want to make a spaceship which would cost a lot. So gratitude is the final key for every human being who has achieved anything through his efforts and patience so far.