How do you deal with financial stress?

[blockman]

~snip

I guess the best way to discover a success part in business is to first of all have a motivation in the business because most times,  we can't predict the future so for such avoidance of bad future economic possibility is important to have a discounted motivational point aside the profits and loses,  most times,  doing business that you have basic knowledge,  experience and path with is most motivational since you will already know the best route to take to avoid any possible loophole and also being able to stand up against any possible future economic challenges.

It is a basic requirement that you know what you're up to with the business that you're about to establish so if you're just starting out and you have no idea of the actual business. This means that you're just testing and you can do so much with that because you're fine with the lessons that you'll get to have by the end of time. And if looking at those results, it will define your decision whether to pursue that and if there's a potential of what you're doing, the early failure won't make you stop from exploring the business that you're about to make.

Having a business is not as easy as it sound,  but then we have to also make up our mind to stand up against any possible challenges that may arise while doing business or a job because life is full of daily unique challenges.

It is not really easy and that is because we only read and hear success stories of businessmen that were already successful in the paths that they took. But if you'll ask them how they've been through, they'll answer you honestly that it is not easy.

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[Wiwo]

It is not really easy and that is because we only read and hear success stories of businessmen that were already successful in the paths that they took. But if you'll ask them how they've been through, they'll answer you honestly that it is not easy.

Yes, giving a business a long time to build up before expecting a return on investment is very important as a sustenance of the business because during that time,  the business will be able to build up enough liquidity that will propel its future suitability and also geared the business towards a successful part along the line.

Although the part of being an easy aspect comes from the ability of the business owner to remain consistent and meet up with the business's daily demands and at some point the economic challenges that affects some business may be external forces such as government regulations that have a direct impact on your area of business,  so in all sense of it requires hard works,  resilience and other attributes to be able to stay ahead in business.

[goldkingcoiner]

The past few years after COVID-19 have been the absolute worst; everything keeps rising—petrol, daily groceries, electricity, housing—to the point where you're barely making ends meet.

...

how do you deal with it? How do you stay optimistic?

I live in a country which does not treat their people like worthless livestock. If I were to lose all my money, my housing and my job, then my country would cover my health insurance, housing, living costs and even free mental health therapy. So I would not go into a state of desperation just because I have fallen on financially hard times. Personally, I am all for socialist democracy. I would rather give up half of my paycheck and never have to worry about having third-world, stone-age survival inconveniences because unconditional greed is considered to be a good thing for some reason... But most people barely know the difference between socialism and communism and they associate anything which might implicate fairness and sharing as communist (I am against communism. Because it provably has never worked).

[Antotena]

Economic and financial conditions are of course increasingly difficult to predict, many types of investments going bankrupt means we cannot depend on one or two types of investments, continuing to look for business and investment opportunities is important for our finances to continue to improve.

What investment do you really think is worth it today to look into that can guarantee a return? It is now as of bitcoin is more preferably better than all the available options, I don't think if anyone have invested any of the investments exclusive of bitcoin that has made a remarkable profit, it has been loses from different angles, we need more good investment securities because these ones are not making sense again.

[Inwestour]

You will really feel secured which I want to experience in the future as right now there are still tons of needs to pay and also salary is not enough. Most of us really want to have savings but the problem is that it won't allow us because of our income. Others may say that even a small amount is still savings which is true but still by the end of the month we can still get it because we need money.

When you're already financially stable like you already have extra money after paying bills and buying our needs then that is the time you'll save because you'll be tempted at that time to buy your wants.

We live in a consumer society, we are constantly told that we need to buy something else, one more thing, but do we really need it, or is advertising influencing us when we want to buy something we can do without.

I believe that it is more important to gain freedom than to gain all the things we can do without. At least until you have created savings that will allow you to feel secure, and then perhaps you can rethink something and look at it from a different perspective.

[bhadz]

What investment do you really think is worth it today to look into that can guarantee a return? It is now as of bitcoin is more preferably better than all the available options,

No doubt that Bitcoin is one of the best investments in these times. It may not guarantee a return in a short period of time but if you're going to look at its return for the long run, it is.

I don't think if anyone have invested any of the investments exclusive of bitcoin that has made a remarkable profit, it has been loses from different angles, we need more good investment securities because these ones are not making sense again.

Actually, many have been mentioned on this thread like the following;

• Real estate
• Business

And it's not just about having those investments or assets. You can also have employment that's good paying or if not, as long as it brings food to your family's table. That's what matters on these days when everyone is struggling and having a hard time beating up the inflation and are just in the recovery period of their life statuses.

[dezoel]

no need to be too stressed about it. just prepare well. for example if we want to deal with inflation. we just have to really manage our money well. The main thing is that we have to really hold back expenses unless it is really necessary. if we need it according to our prestige. of course economic pressure will continue to haunt us. not to mention the endless inflation we will continue to feel every year.

The thing is, some people earn enough to be able to manage through inflation because they know they have been spending way more than they had to and they can cut down those expenses to manage within inflation and when the prices are going constantly up. However, if someone isn't earning enough and they have barely been managing and inflation hits them hard all of a sudden, that is when they start to feel extreme economic pressure in these times.

So, economic pressure will always haunt those the most and they also won't have any savings or anything so that they can spend that money when the times are difficult and then save more when they become a bit stable because they have already been earning a below average income.

[NewRanger]

I don't think if anyone have invested any of the investments exclusive of bitcoin that has made a remarkable profit, it has been loses from different angles, we need more good investment securities because these ones are not making sense again.

Actually, many have been mentioned on this thread like the following;

• Real estate
• Business

And it's not just about having those investments or assets. You can also have employment that's good paying or if not, as long as it brings food to your family's table. That's what matters on these days when everyone is struggling and having a hard time beating up the inflation and are just in the recovery period of their life statuses.

Well, I think financial security is also very necessary in investing, especially in the world of digital currencies, for example BTC, along with various other aspects of financial planning, as @Antotena said, because we are also just ordinary people who do not have the power to see the future.

What you are saying is that fulfillment is the main thing and it is natural for you to say that because what must come first is fulfilling the minimum basic needs in the family, food must be prioritized regardless of whatever conditions are occurring. We can still endure hunger for 1 day without food and only consume water, but our children may not be able to.

[slapper]

no need to be too stressed about it. just prepare well. for example if we want to deal with inflation. we just have to really manage our money well. The main thing is that we have to really hold back expenses unless it is really necessary. if we need it according to our prestige. of course economic pressure will continue to haunt us. not to mention the endless inflation we will continue to feel every year.

The thing is, some people earn enough to be able to manage through inflation because they know they have been spending way more than they had to and they can cut down those expenses to manage within inflation and when the prices are going constantly up. However, if someone isn't earning enough and they have barely been managing and inflation hits them hard all of a sudden, that is when they start to feel extreme economic pressure in these times.

So, economic pressure will always haunt those the most and they also won't have any savings or anything so that they can spend that money when the times are difficult and then save more when they become a bit stable because they have already been earning a below average income.

The economic pressure, inflation, and financial hardships of low-income people are far more complex. Your comment only scratches the surface of economics and human behaviour. Inflation affects purchasing power, investment decisions, and economic stability throughout the economy. Is it foolish to think people can “cut down” costs to manage inflation? The structural failing that causes economic inequities must be addressed, not just cutting back. A "solution" to a deep-rooted problem is to “save more” when things stabilise. Economic pressure doesn't merely "haunt" - it stifles, suppresses, and oppresses specific groups. To fully understand such issues, economic theories and human behavioural research must be studied

[bhadz]

Actually, many have been mentioned on this thread like the following;

• Real estate
• Business

And it's not just about having those investments or assets. You can also have employment that's good paying or if not, as long as it brings food to your family's table. That's what matters on these days when everyone is struggling and having a hard time beating up the inflation and are just in the recovery period of their life statuses.

Well, I think financial security is also very necessary in investing, especially in the world of digital currencies, for example BTC, along with various other aspects of financial planning, as @Antotena said, because we are also just ordinary people who do not have the power to see the future.

What you are saying is that fulfillment is the main thing and it is natural for you to say that because what must come first is fulfilling the minimum basic needs in the family, food must be prioritized regardless of whatever conditions are occurring. We can still endure hunger for 1 day without food and only consume water, but our children may not be able to.

Been there and done that, it's a real situation that many are dealing with. Like we can survive and that's true since we're adults but we can't attain this survival the same goes for the younger ones that we have, especially toddlers. It's understandable that someone can't invest with those when he's focusing on providing food for his family. Many are in that situation but, there can also be some ways of doing things on your own if you want to invest. There is no need in sacrificing the budgeting part but, what you need to sacrifice is to add extra effort for you to earn more with another source of income.

[Rupok]

The situation in the country is now very bad, the price of every thing is increasing at double rate.  The whole world is facing this problem since the COVID-19.  Financial stress is currently being felt by individuals all over the world.  Inflation and economic problems of the country are having a negative impact on the standard of living of the people in general.  Every human being is now fighting for survival. I personally invest bitcoins in business as well as trading sector to continue financial growth.

[Mahanton]

Actually, many have been mentioned on this thread like the following;

• Real estate
• Business

And it's not just about having those investments or assets. You can also have employment that's good paying or if not, as long as it brings food to your family's table. That's what matters on these days when everyone is struggling and having a hard time beating up the inflation and are just in the recovery period of their life statuses.

Well, I think financial security is also very necessary in investing, especially in the world of digital currencies, for example BTC, along with various other aspects of financial planning, as @Antotena said, because we are also just ordinary people who do not have the power to see the future.

What you are saying is that fulfillment is the main thing and it is natural for you to say that because what must come first is fulfilling the minimum basic needs in the family, food must be prioritized regardless of whatever conditions are occurring. We can still endure hunger for 1 day without food and only consume water, but our children may not be able to.

Been there and done that, it's a real situation that many are dealing with. Like we can survive and that's true since we're adults but we can't attain this survival the same goes for the younger ones that we have, especially toddlers. It's understandable that someone can't invest with those when he's focusing on providing food for his family. Many are in that situation but, there can also be some ways of doing things on your own if you want to invest. There is no need in sacrificing the budgeting part but, what you need to sacrifice is to add extra effort for you to earn more with another source of income.

A must thing to be done but this isnt something that you could really be able to attain so easily. It might really that sounds easy but the truth is that due to competition and lack of opportunities then for sure it would really
be just that so hard on getting some extra jobs or having those extra income on which you could really be able to get. If it was easy on the first place then tons of people or most of us wouldnt really be facing
any tough challenges in our life but we are totally seeing the different thing. For those who do struggle then for sure they are really that thinking on having those additional income source but since to those common
factors then it isnt something that so easy on doing so and this is why we do really need to have those sacrifices.Yes, its not really that something that we do like to happen but since we dont really have no choice
then it would really be just that so sad that we would really be needing to do it for us to survive. If we do really need up to survive then adjustments should really be made.

[Woodie]

Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?

They say when the going gets tough, the tough get going...

You are not alone buddy, when life gives you lemons make lemonade out of it...things might look like they have reached breaking point but trust me there is always an explored option and keep your head held up high and the breakthrough is bound to happen...if you have family around try reach out to them as this is at chip at your disposal while you look  for proper housing and other resources to help you get things together.

Economic and financial conditions are of course increasingly difficult to predict, many types of investments going bankrupt means we cannot depend on one or two types of investments, continuing to look for business and investment opportunities is important for our finances to continue to improve.

I agree with you!

Reliance on one source of income does put financial stress on you as you can do so little yet demands are high, and the only counter measure is to introduce more streams of income to cushion all this pressure on ones pocket!

[Dr.Bitcoin_Strange]

it is impossible for us to do a side job that will affect our physical condition or even affect our main job.
The aim and purpose of working on the side is to help increase income without any effects, and it is true that in Crypto it can really help, we don't need to spend a lot of time and it can be done anywhere without affecting physical health and certainly won't interfere with the main job.

Not all side hustles affect the real job, but it all depends on how the person handles both jobs and decides for themselves if they will allow the job they took as a side hustle to affect their real job. There are people who are employees of a job that they are only working five hours per day, and they could still get an extra job as a side hustle, which they can work for an extra four hours before they close for that day. Some hustles could also be an online job that doesn't really take their full attention off of their real job. In terms of crypto, like you said, some people too are trading after they are off from work. Although they might still lose on the trades, they'll always get some profits too.

[SmartCharpa]

The past few years after COVID-19 have been the absolute worst; everything keeps rising—petrol, daily groceries, electricity, housing—to the point where you're barely making ends meet. Just to imagine, I've been looking for an apartment for over 6 months and haven't found anything yet. Not only is there a very limited supply, but those available are either too expensive, poor, too small, or everything combined. Thus, this is creating a huge feeling of uncertainty, as time is running out and I need to get settled down. Renting outside of town in the nearby villages isn't ideal either, because petrol is way too expensive.

I'm not sure if anyone else feels the same, but this uncertainty with the increasing living costs and the ongoing rat race is causing me excessive stress. On top of that, moving out of the country doesn't seem ideal either, because most European cities are also suffering similar conditions, along with an extensive immigrant crisis (see France, Italy, Germany, and the UK). I'd be interested in remote working, but the economics field I've studied at university isn't in high demand for remote working, which often recruits IT workers and generally fields that require hands-on experience. As soon as I'm settled down, I'm considering taking up a data analysis course and finishing my master's degree in order to look for more opportunities abroad.

I don't know, but each year seems progressively worse. It wasn't that bad before COVID-19; now it's the ultimate worst I've seen, and it's about to deteriorate even further. Thankfully, this forum has been a blessing and probably the only thing giving me hope, as it has resulted in me making a decent sum of money in the process. I'm yet to start looking for a job, but salaries are relatively low, despite the increased cost of living. To make matters worse, excessive weather conditions due to climate change are happening way more often now, causing floods and wildfires and destroying everything in their path. See Libya, Greece, Italy, Spain, and many more examples.

Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?

Since Corona came, prices of everything have increased. In my country, when Corona Show up, we have been bathing in salt times so we can avoid being affected. Since then, it has been extremely difficult for the poor to survive because of the high cost of living. However, no matter how bad the economy is, I believe there would still be a house worth the amount you are planning to buy. I don't know your economy but is it that hard to have accommodations? Over 6 months now i guess you were not looking around and look for it. As you decided to settle down,it was a nice i idea because economy is getting worst day by day.

[harapan]

The past few years after COVID-19 have been the absolute worst; everything keeps rising—petrol, daily groceries, electricity, housing—to the point where you're barely making ends meet. Just to imagine, I've been looking for an apartment for over 6 months and haven't found anything yet. Not only is there a very limited supply, but those available are either too expensive, poor, too small, or everything combined. Thus, this is creating a huge feeling of uncertainty, as time is running out and I need to get settled down. Renting outside of town in the nearby villages isn't ideal either, because petrol is way too expensive.

I'm not sure if anyone else feels the same, but this uncertainty with the increasing living costs and the ongoing rat race is causing me excessive stress. On top of that, moving out of the country doesn't seem ideal either, because most European cities are also suffering similar conditions, along with an extensive immigrant crisis (see France, Italy, Germany, and the UK). I'd be interested in remote working, but the economics field I've studied at university isn't in high demand for remote working, which often recruits IT workers and generally fields that require hands-on experience. As soon as I'm settled down, I'm considering taking up a data analysis course and finishing my master's degree in order to look for more opportunities abroad.

I don't know, but each year seems progressively worse. It wasn't that bad before COVID-19; now it's the ultimate worst I've seen, and it's about to deteriorate even further. Thankfully, this forum has been a blessing and probably the only thing giving me hope, as it has resulted in me making a decent sum of money in the process. I'm yet to start looking for a job, but salaries are relatively low, despite the increased cost of living. To make matters worse, excessive weather conditions due to climate change are happening way more often now, causing floods and wildfires and destroying everything in their path. See Libya, Greece, Italy, Spain, and many more examples.

Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?

Since the insurgency of the pandemic  everything else concerning financial stability have derailed and yes everything keeps rising and making it unbearable for many who can't  afford any of their needs and wants.

I can remember vividly how everyone have to live from spoon to mouth just to survive during the pandemic.but after which we presume everything would be better but now the worse and it keeps unfolding.

We can really come out of this financial mess and stress if we indulge ourselves  in  alot of things that's keeping us busy,earning us a living than  rather being idle.
Because the nation and the people in it only becomes better and survive if they have a source of livelihood.

[pixie85]

I'm stressed but I try not to think about it. So far I'm not in debt, so there's nobody coming after me. Worst case scenario I won't be able to buy the things I want, travel to places I want and have fun as much as I want. I have enough money saved up to have food and shelter for years and things will get better in a decade. I don't we'll be in this post-covid situation OP is talking about for more than a year.

Then there's hope that bitcoin gives me. Even when I feel like I have no money, I know that I still have a lot saved up in bitcoin and the upcoming halving puts a smile on my face every time.

[benalexis12]

Economic and financial conditions are of course increasingly difficult to predict, many types of investments going bankrupt means we cannot depend on one or two types of investments, continuing to look for business and investment opportunities is important for our finances to continue to improve.

What investment do you really think is worth it today to look into that can guarantee a return? It is now as of bitcoin is more preferably better than all the available options, I don't think if anyone have invested any of the investments exclusive of bitcoin that has made a remarkable profit, it has been loses from different angles, we need more good investment securities because these ones are not making sense again.

In the time we are facing now, Bitcoin is not the only thing that can give us a return that is good. There is also something else in traditional business; even if it is only a small business, it can be grown as long as you are hardworking and patient and know how to manage the business correctly. you want at this time.

Bitcoin is actually good for long-term investors who just have to wait and hold it until the bull run arrives before selling it. This is the beauty of Bitcoin, which is why it attracts other investors as well. Even though there is risk, it depends on you, of course.

[Pamadar]

It is not really easy and that is because we only read and hear success stories of businessmen that were already successful in the paths that they took. But if you'll ask them how they've been through, they'll answer you honestly that it is not easy.

Yes, giving a business a long time to build up before expecting a return on investment is very important as a sustenance of the business because during that time,  the business will be able to build up enough liquidity that will propel its future suitability and also geared the business towards a successful part along the line.

Although the part of being an easy aspect comes from the ability of the business owner to remain consistent and meet up with the business's daily demands and at some point the economic challenges that affects some business may be external forces such as government regulations that have a direct impact on your area of business,  so in all sense of it requires hard works,  resilience and other attributes to be able to stay ahead in business.

You need to allow yourself to learn more about the business and anticipate all the possible impacts a single mistake can harm you
with your investment, you need to allow yourself to be more productive and not just stagnant and just waiting for the outcome,

Extra efforts to learn and execute those learnings to make sure that it will help, financial stress is always present you just need to have
that ways to escape and not to let that stress to dominate but more on being productive to help yourself, either in business
or whatever investment you participate with your money.

[lizarder]

It definitely isn't the best time to be alive. I'm not sure if times were ever ideal, but I believe that in the past it was easier to afford a more comfortable lifestyle, especially for families. Nowadays, when two people are barely saving any money aside, it's practically impossible to stand on their feet and have children that you can provide for.

I don't believe that there's any sector except IT and technology that are in a better position right now, but both of the two aren't feasible for the average worker. The service section will always need working hands, but it's common to face poor salaries and unpleasant working conditions.

The problem is that the life we live now is increasingly worsening economic conditions and it is quite difficult for us to get a decent job if we don't have the skills. An ideal life that can fulfill daily needs is sufficient for some people because not everyone can achieve a luxurious lifestyle. Without work we cannot provide for our families and this is caused by the economic chaos we are facing and the unemployment rate is also increasing every day. Crime also increases when people cannot earn money for their needs because people can no longer think clearly when their lives become increasingly chaotic.

Even if they are not better than the IT and technology sectors, at least they can make money even if the income is small. For me it is better to earn a small amount of money in a stable manner than not earning anything and in my area this kind of work is still a part of being able to meet the needs of people who have not so big responsibilities.