Biting more than i can chew. How can i do better?

[Agbamoni]

Hope things get better for you. Honestly, it is hard for me to comment on your situation since the suggestions seem quite obvious at first glance that it might sound offensive. If you currently lack monthly income, why don't you try to open a service thread to make websites, etc? Or look for a part-time job near your area. For your financial management, I don't think the mindset you had is right. You need to manage money, not always spend it. Luckily you seem to have realized it already.

If you're asking how to save your money, I can only share how I did it. Personally, I will calculate how much monthly spending that I need to pay. I would avoid buying things through credit or lending money to others unless I'm sure I can pay the next 6 months without any problem. I'd allocate most of my money to saving/investment, and avoid buying luxury/unnecessary things. I think it is a matter of habit too. Learning to cook for example is one of the easiest ways to save money.

Yes, things have started getting into place gradually. I had made some plans that I want to execute soon. Firstly am on the process as if building my portfolio website which contain a brief story of my life and more of my works accomplished. Also I have made a simple design of my service thread for my design. So before the end of next week I will be posting it on the service discussion thread. When am done with that I may share the link to the thread here if it's permitted so that you and other concerned members can give some positive comment after viewing my portfolios.

And for you, OP, I think everything will be fine. You have the right to a beautiful life—the one that everyone wants to have. You've seen a few examples and gained some experience, and now, as you grow up, you know that money tends to run out randomly. Therefore, first, create a financial safety net for yourself and continue to enjoy life.

I joined the forum about 4 to 5 months ago. Ever since then I have had beautiful life. My views and mentality changed. I have learnt a lot that has helped improved my knowledge in general. One thing I am eager to do f I am given an opportunity is to show my skills when I get my first job opportunity in the forum.

[boty]

Test them one by one and you have done well with them.
Start with new habits and don't give them anger for what they have done for you. On the other hand, you also don't need to feel sad about what you have given them.
Say thank you to those you once considered friends.

There are friends who are allowed to be brought to the fence of the house. There are friends who are only allowed to enter the house. There are friends who can exchange things with each other.
Hopefully you understand what I mean.

We can be friends with anyone without choosing, what we need to do is know the limits of friendship, it is true that we need to test them before giving them more trust, but in my opinion, even without testing them, if they really have evil intentions towards us then they will visible by itself without us needing to test them. You are right that there are some friends who we cannot give full trust to because they don't deserve it from us and there are also some who we can give full trust to, because we have spent a lot of time with them, both happy and unhappy.

[Jatiluhung]

The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.

At least you realize that you have gone the wrong way in managing your finances. And awareness like this should increase your insight and allow you to learn from the mistakes you have made. And I feel confident that you will be able to get back up and rebuild your finances on a better path. Because so far, haven't you also succeeded in making money from your hard work on the internet? Then I'm sure you will be able to do it again.

It's just that this time you really have to start changing the way you manage your finances. You have to start managing your finances better. By learning to allocate money to things that you have prepared and planned well. You must begin to be able to differentiate between main needs and additional needs. Everyone likes to have fun but we don't always have to do it too often. Limit this to once a month or once a week. you have to start being able to restrain yourself.

[Iroh]

I think we all have made some bad financial decisions we’d prefer not to have made in the past. While the mistakes made in the past may in a way, tell on your future, it doesn’t totally define your life unless you let it.
You’ve learned the hard way sadly, that not everyone that flocks around when all is well should be considered a friend. And In your case, you earned your money so I can understand being proud of what you’ve got. Anyone would. You’re now fully aware of the reasons on your new financial situation and things that should be curbed. You can really do much better.

but if you achieve something once, you will do it again.

Thanks. I guess I also needed to be reminded.

[NotATether]

Well, bull season passes rather quickly when you're not saving money for a rainy day. Or even if you're not saving enough money for it. The amount varies per person.

But like I suggest to everyone else, it's time to start cutting down on expenses. Think about what is necessary for you, and the things that you only desire to have, postpone them until another date.

[Aanuoluwatofunmi]

The serious mistakes that we often do is that we all learn to depend on a single entity for our sustainability without having a backup for it, doing a business is a good as putting the risk management in mind that anything can happen at anytime, how will I be able to recover from loosing my customers, market sales or the informations I've got concerning my business if the worst scenario should happened.

When we consider this, each time something new is about to occur, then we will have to remember that we aren't loosing because we already have a backup means to help our business keep running.

[Nwada001]

Making money and spending money is not a bad thing; what's bad is you making money and spending all of it; that's where it could be considered bad behaviour. Based on your story, what I notice is that your major issue is,
1. You want to satisfy your wants and desires all the time.
2. You want to satisfy your friends and feel at home.
The reason why you realise you are not really living your best life is because you have started running for cash. Since the cash is not coming in as always, you have started realising that you are not doing wise spending.
 
My advice is that the only thing you need to put at the forefront of your spending is your needs. You need to minimise your wants and cut off those desires to always get everything that you want. Those alone can run you dry. That's because human wants don't have limitations; more will continue to come as you satisfy one another.
 
As for your friends that you have lost, they were never your friends; most of them were just there to enjoy what you could offer at the table and leave a competitive life with you. The moment you can't meet that standard, they will live, so such friends are not even worth keeping, and their leaving you now is a cage-free for you.
 
Set up a savings plan, as you don't have a fixed amount and fixed date that you receive your money. Always make sure those little you receive by doing certain jobs you remove your savings from it, keeping in mind that if you don't have anything no one will come to your aid. Start spending responsibly and take away that mindset of more is coming. Why not spend the little I have now to create room for others?

[rachael9385]

I am a young man who is not married. I have made some mistakes in how I use money and the resources I obtain. So, I have come to share this problem with everyone in the hope of finding help and changing the way I misuse money. I have a psychological memory from my upbringing that money is earned and should be spent as long as you keep earning. I see money as something that needs to be spent. If I see something I like or desire, I buy it without minding the cost as long as I really like it. Yep. Many years of self-employment with varying monthly income were like a blessing to me since I started designing and building websites. This little money made me a bit proud of myself and where I've come. I made a lot of friends, and whenever they asked me for anything, if I had the money in my possession, I'd disburse it to them. I was happy to receive praise that I was the best friend a person could ever have. I won't forget when I started going to clubs and spending money on luxurious clothes and booking rides from one city to another.

All of a sudden, everything changed. I lost one of my most loyal clients due to a car accident. I started getting fewer job opportunities. My monthly earnings were so low that I could hardly afford anything. All the friends I had left me, with only a few remaining. That's when I realized that I could do better. It's been over five months now, and things are still not completely okay for me. But I want to change and plan for myself.

The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.

Well, you have said a lot and I really agree with that on one side. Yes, it is true that money is for spending, but it is not just for spending alone. If you spend money without creating an opportunity for another money to come into your hands, then you will be left with nothing (after spending the ones you have).
Also, while spending, it is also good to save a little so that it can help you get out of emergency cases, just like now that you are left with nothing and your friends have forgotten about you just because you don't have a dime. However, this will be a good lesson for you just if you gain back what you have lost previously, you will learn how to manage money, how to save and how to create an opportunity for more money to come.
It is a bit easy to meet good friends and bad friends. It is just simple. A true and good friend can watch your back when you can't see clearly, but a bad friend will run away when you are in trouble, more especially, when you need them most (it is not a good idea to keep bad friends).

[hugeblack]

The mistakes you make in your twenties may be costly. Therefore, as long as you are still young and do not have obligations such as starting a family, supporting your family, or any obligations such as real estate debts, student debts, etc. it is better to think seriously about your financial future. Always try to reduce your expenses and control your expenses. Your instincts are to pay yourself first by investing and leave the surplus to pay the bills. If there is anything left, you can buy what you need and do not do the opposite, meaning that you do not start buying unnecessary things, then necessities, then investing. If it is difficult, look for a mentor, whether it be a psychological counselor or an economic expert.

[SmartCharpa]

I am a young man who is not married. I have made some mistakes in how I use money and the resources I obtain. So, I have come to share this problem with everyone in the hope of finding help and changing the way I misuse money. I have a psychological memory from my upbringing that money is earned and should be spent as long as you keep earning. I see money as something that needs to be spent. If I see something I like or desire, I buy it without minding the cost as long as I really like it. Yep. Many years of self-employment with varying monthly income were like a blessing to me since I started designing and building websites. This little money made me a bit proud of myself and where I've come. I made a lot of friends, and whenever they asked me for anything, if I had the money in my possession, I'd disburse it to them. I was happy to receive praise that I was the best friend a person could ever have. I won't forget when I started going to clubs and spending money on luxurious clothes and booking rides from one city to another.

All of a sudden, everything changed. I lost one of my most loyal clients due to a car accident. I started getting fewer job opportunities. My monthly earnings were so low that I could hardly afford anything. All the friends I had left me, with only a few remaining. That's when I realized that I could do better. It's been over five months now, and things are still not completely okay for me. But I want to change and plan for myself.

The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.

That is life for you. I think by that time you were doing all that, going to clubs and moving from city to city like you had a machine that was making money, i believe someone would have advise you to stop and to stop spending your money, because it seems like where you are making money will last forever. Nothing lasts forever, so we should make the most of every chance we get in life to create something. For example, if you had invested all the money you were earning at the time in bitcoin, you could have become a billionaire right away. Nothing would bother you, and you could begin living the life you've craved for, but that doesn't come to your mind then.

You truly made a mistake, buddy. I only hope that things are improving in your life because of how you have been using your money for necessities. You are still a young man, you are single, and you have the ability to make things right for yourself. There won't be any pressure on you. By now, you could have established yourself as a successful young businessman if you had taken good care of yourself earlier that are earning huge of Look at it, your friends have abandoned you You did for them when they needed it, now you are left all by yourself, it is difficult for you and no one wants to support you. I think that may have given you a big lesson of human. I think you can still succeed in life if you continue to work hard; it might just be a test of life.

[Russlenat]

It's important to always consider our future, as there's no guarantee of what lies ahead. That's why it's recommended to save money for emergencies. According to what I've read, having at least six months' worth of your monthly salary in savings can provide a safety net to cover your expenses while you search for a job or clients. It all comes down to discipline – it's fine to enjoy your earnings, as they say money is meant to be spent, but it's crucial to make wise choices in how you spend it.

Some individuals, even while employed, engage in side jobs or start small businesses to ensure they have an additional source of income. This strategy helps mitigate the risk of unforeseen challenges, much like what happened to you when you lost your client and faced difficulties. Diversifying income sources is akin to the concept of minimizing risk by not putting all your eggs in one basket, as we often do in investments.

[Razmirraz]

A person's goal is to make money to enjoy life, with money you can buy something valuable. As long as your source of income is not blocked, you are free to spend the money as you wish. It needs to be underlined, sources of income are not always smooth from one direction, sometimes you need to open new sources from different directions to keep income smooth.
Situations like this need to be anticipated by having savings, not always the savings you collect will be enjoyed by other people. Early anticipation needs to be done to ensure your life in old age, without having savings, you will have difficulties when you reach retirement age.

[DVlog]

The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.

Your sudden change of financial ability makes you depressed and you are thinking the world is a broker for you. I think you should take a refreshment in your life, This can be a tour or something else that will help you forget your past bad experiences. Take this as a positive by thinking you would never have this understanding of the importance of financial knowledge. As you have understood your weakness, start working on it first. Build up your financial knowledge to get a better understanding of how you can grow your income without risking much of it. Then start working again as you were doing before.

[Dr.Bitcoin_Strange]

There's a saying that "if you fail to learn from others' mistakes, then your experience will teach you." If you still fail to learn from your mistakes, then you will keep failing. There's no one who can teach you more than what you have already experienced. What I will advise you is to keep in mind the kind of friends you keep. Keeping friends that you know so well that they cannot help you when you are also in need is not wise. While growing up, I understood that there are different classes of friends or relationships. You will encounter friends who will always have your back when you need them; you will also encounter friends who only want to share in your happy moments but can't provide any help when you need them; there are friends that are in a parasitic relationship with you, and if you don't realize it, you will just be their victim, like in your case.

[Juse14]

I am a young man who is not married. I have made some mistakes in how I use money and the resources I obtain. So, I have come to share this problem with everyone in the hope of finding help and changing the way I misuse money. I have a psychological memory from my upbringing that money is earned and should be spent as long as you keep earning. I see money as something that needs to be spent. If I see something I like or desire, I buy it without minding the cost as long as I really like it. Yep. Many years of self-employment with varying monthly income were like a blessing to me since I started designing and building websites. This little money made me a bit proud of myself and where I've come. I made a lot of friends, and whenever they asked me for anything, if I had the money in my possession, I'd disburse it to them. I was happy to receive praise that I was the best friend a person could ever have. I won't forget when I started going to clubs and spending money on luxurious clothes and booking rides from one city to another.

All of a sudden, everything changed. I lost one of my most loyal clients due to a car accident. I started getting fewer job opportunities. My monthly earnings were so low that I could hardly afford anything. All the friends I had left me, with only a few remaining. That's when I realized that I could do better. It's been over five months now, and things are still not completely okay for me. But I want to change and plan for myself.

The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.

Condolences for the events you are experiencing, but this is the reality of real life where a friend can just leave us when we are miserable or experiencing a problem. They will always approach you and adore you when your position is above, but few people will sympathize and be willing to accompany you when your position is below. But to hell with it all and there is no point in us expecting a sympathy and support from others to be able to make us rise again, we must be able to realize that those who really care about ourselves are ourselves, not others. So keep fighting to get up stronger than before and keep trying to improve your life by controlling all the activities you do including the financial management you apply.

"Stop expecting praise and sympathy from others, because this is of no use at all and will only cause a loss and deep disappointment"

[KiaKia]

Learn from your wrong choices and live on, there are times where we all feel like we had enough and we start giving out to people but in the end they don't do the same thing, you can help somebody and they will say you help them because you can, meaning you are spending lavishly.

Whatever happens, you must always come first before thinking about others and when it comes to money I was build in a way that I always care about tomorrow, I know nothing else than investing more and more, and if I come across something that I need I always make sure that I can afford it and still have a lot available.

You seeing money as something that should be spent is a very bad thing, I see money as something that should be invested, this is the way to have many more money, before I can spend on something that wont give me more money in return I have to think very well, I remember getting my first car, I already have x5 of the money for the car before getting one, and this is the way it should be.

[Faisal2202]

I don't think you did anything wrong by spending your money on fulfilling your needs and some wishes, like buying anything you like because that kept you motivated for work. I have experienced it when I saved money and did not spend it on any of my wishes, but recently I came to realize that I should spend some money on my wish, and my wish was to buy my father a phone first, so from my earnings, I bought them a phone 4 days ago, and he is so happy that I wanted to do more and wanted to make more money. I am motivated.

But after reading your topic, I realized that I am doing the same thing (not a mistake) because I am also not giving a shit on wasting money. I wasted around 20 dollars (which is obviously not that much) just to buy a new phone. I don't keep track of my funds because I have to pay black tax, so the expenditures are huge for me, but still, I think I am being alerted by your post and will try to not spend or waste too much money on things by calling them my wishes.

Thanks for the post, and how can you do it better? For it, I will say, do not lose heart, as in bad times many will leave you even after you aid to them, they will ignore you. It is a lesson, and you have learned it, and with time you will find more and better clients that will pay you even more, and all you have to do is work on your profile and try to do something out of your field like you are doing here making posts, and I hope signature money will be helping you.

[ZAINmalik75]

The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.

I feel sorry for you, but do not get bad ideas and try to be motivated because in freelancing people lose clients but get new ones too, and you might have wasted some money on things that you liked and bought instantly without considering the amount you have spent that you can use to make some type of investment in BTC or in any other asset.

You made the small mistake of opening your heart and wallet for everyone and giving away your money to all who were in need. You spent your time buying new clothes and shoes, which are also necessary, but first you had to save some funds in your savings to make such activities.

Because these activities can cost a lot and without having funds in an emergency will make you feel regret, like you are doing now, I don't know why you think you are desperate about money. Maybe you used to earn a lot and spend a lot, and now you earn less and might not spend a lot. Because I know this feeling when you buy something favorit by thinking your desire to buy that thing will be eradicated but instead it just increases more and at some point you will be left with less money and something bad happens and changes your life, but do not lose hope and be positive and find new ways to earn money and diversify your source of making money. That's all I can say for now.

[LogitechMouse]

~
The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.

Are you open to criticisms as well? Because you will expect more of it here in your thread, but most of us will give you an advice nevertheless.

Mindset, and discipline. These are the things that you lacked with that's why you tend to spend your hard-earned money in things that you don't need. Our life is like a wheel. Sometimes we are at the highest, but sometimes we are at the lowest of it. I've also experienced that one where I don't have any money at all, and I need to buy something important to me. The thing that I hate the most is borrowing money from other people, but at that time, I forced to borrow money to somebody just to buy that thing. After that I don't borrow anymore until now, and I always keep a portion of my monthly salary for emergency expenses.

Change your mindset. Be mindful with how, and where you are spending your money. Be discipline enough to know what are the things that you need, and the things that you want. If possible, learn how to budget because it's one of the best things that you need to know. I'm pretty sure you OP will recover from this sufferings that you are experiencing right now. Make a plan, and change everything that you need to change including your mindset. Good luck with your life OP.

[btc78]

The way you posted this sounds you are in the verge of completely understanding what is going on and only seeking for additive in your plans of changing and that is perfect for your life mate.

What I can only say here is Never buy a single thing that you don't really need at the moment , meaning never buy because you like in but Buy because you needed it.
sometimes we are being blinded by how great the advertising comes from every product that we have come to think we need or love it but that is how advertiser being paid, to fool us buying while we still have something almost similar to that.

Best example is MOBILE Phones , companies are making newest version while there are still existing one for what reason? ofcourse for them to earn and for us to spend.