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

[milewilda]

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.

There are things in life on which you wont really be able to learn up something until you do experience it for yourself but doesnt necessarily that you would really be letting  yourself do comes into that point because as much as possible we should really be avoiding things something like this. Dont let those consequences would really be taken over on which you would really be needing to experience before you do learn. It is really just that common sense that money management would really be that so crucial or something that you would really be needing to have if you do like to sustain or survive your future. We know that there would really be no assurance for whatever jobs and projects that we do currently have considering that there's no such thing about being permanent into this world on which it would really be that so normal that you would really be that
saving up money because you dont know on when emergency time comes. This is why preparation and making yourself wary about those probabilities would really be saving up your ass in the end.

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[Bushdark]

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.

we do have similar story, what I can only advise is to just keep on doing what you do best just focus on what you can do and time will come that you will realize you already have what you wanted without even noticing it.

If you have a Job right now, do good to it save even just a little extra of your money in bitcoin (as it is what I did wayback). it may not be a huge savings but atleast you have something that you can use.

F*ck the peope who consider you as a loser or whatsoever. they don't pay Your Bills. "FOCUS".

Everyone makes mistake and no matter where we are seeing ourselves due to the past errors we had made so far, we need to stand on our feet and take new decisions that would help us to retrace from our previous errors. Life is not about blaming ourselves for our wrong past lifestyle but about making new decisions that would effect our continuous living and debug anything that could bring us down.
Financial mistake happens oftens to young people and it is part of life that is why we need to rapports with older people to get their own opinions about how to fixed and prevent some certain mistakes in life.
 

[Cookdata]

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.

Hy Man. Calm down, allow your brain to have some mental break, get some sleep and continue to do what you can do best but I will drop you some word of encouragement.

This life you see, it's all about ups and down. It's obvious you have always had it on the good side, your first time experience or tasting the worse part of life but know this today that life is about ups and down, even the rich also cry meaning they also undergo ups and down. The people you see display wealth and you see show that they are happy have one or two things they are also worrying about, that's life.

Stop hurting your self with inferiority complex and peer pressure of life, because you are doing well before and something happened that altered your life and everything falls before your eyes. Take care of yourself and work on yourself, only you can do it and I believe with time, you will find another route that will take you back to that place or even above where you have always been.

[JoyMarsha]

Sadly, you have to confront and learn about the unpleasant aspects of life, such as the fact that money should not be spent extravagantly in an attempt to impress people or win over new friends.

Everybody has mismanaged money at some point in their lives, but ultimately we all learned from it to use the money wisely and avoid throwing it away on pals in an attempt to win their respect. Because they will all leave you the moment the money is not forthcoming and also treat you as if you never existed.

Through your experience with money, I think you have learned your lesson that, money doesn't keep friends or grow on a particular tree if plucked all the time. An individual is supposed to have other trees than depending on one.

What I mean is that, if you have had other sources of income, even though your main business failed, you would have fallen back no other of your business.

Now that you're aware of how poorly you can manage your finances, I want you to do yourself a favor and attempt to hustle more rather than pay attention to what other people think of you. People are more interested in your success stories than in your self-pitying tales of terrible failure in having good financial management. 

[poodle63]

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.

we do have similar story, what I can only advise is to just keep on doing what you do best just focus on what you can do and time will come that you will realize you already have what you wanted without even noticing it.

If you have a Job right now, do good to it save even just a little extra of your money in bitcoin (as it is what I did wayback). it may not be a huge savings but atleast you have something that you can use.

F*ck the peope who consider you as a loser or whatsoever. they don't pay Your Bills. "FOCUS".

this one is true, just disregard whatever negative energy that those people brought to you. those are just some irrelevant thing to our life, we better do something about our life make it better than hearing those negative things from some one that we don't even care about in the next 5 minutes.
financial management is of essence though, without it doesn't matter how many we earn, big fat chance it will be just gone in the next few days due irresponsible money management buying luxurious things that definitely could cause us to face hardship in the upcoming future where things getting worse and maybe potentially causes us to have no income at all.

[ancafe]

Everyone makes mistake and no matter where we are seeing ourselves due to the past errors we had made so far, we need to stand on our feet and take new decisions that would help us to retrace from our previous errors. Life is not about blaming ourselves for our wrong past lifestyle but about making new decisions that would effect our continuous living and debug anything that could bring us down.
Financial mistake happens oftens to young people and it is part of life that is why we need to rapports with older people to get their own opinions about how to fixed and prevent some certain mistakes in life.

There are many young people who have problems managing finances and this is influenced by several things we did when we were young. A wise saying once said that it is better to have made mistakes but in the end we learn to correct these mistakes slowly. All of us have had a much worse past, but how can we rise up to correct mistakes in the past to be better in the future, especially regarding finances as a runway for us to improve to be better than before.

Self-development, motivation, targets and what we pursue must have a plan because when something has a plan we have a road map to start with. Everyone has skills and if they are able to see these skills it will be easy for them to develop themselves. The problem is that many people don't try to explore their skills and prefer to give up on the reality of failure. This is human nature that needs to be changed if you want to be successful in the future.

[Natsuu]

Salute to you, OP! I actually admire that you had time to spend your money to yourself and generously share it to others. Yeah you made a mistake and its normal. Whats surprising is tht you are able to acknowledge the mistake you made and you are planning to work on it. Not everyone does that. Maybe just another thing that adds to your burden is how other people see you now that you are struggling financially. Dont mind them and continue doing your own thing. It takes courage to acknowledge your past mistakes and seek advice for a positive change. My advice would be to create a budget, prioritize essential expenses and save a portion of your income for emergencies and future goals. Developing a financial plan, setting realistic goals and seeking professional advice if needed can help you regain control of your finances. You might already be aware of all these, you just have to continue doing it and take things little by little. Remember, learning from your past experiences can guide you toward a more secure financial future.

[DYING_S0UL]

Don't worry buddy. It's a part of our life, a lifelong lesson which can change your life. And it's not just you who is facing this kind of problems. Many of us does. From your story, I can imagine that you had a good earning in the past but now facing a financial crisis. You never had your chance to experience poverty or any kind of that things. You always lived life on your own term. And there is nothing wrong with that.

But now that you are crossing this phase of life, you should take lessons from. You now realized who is what, who loved you for yourself and who loved you for your money. Who genuinely cared for you. That's one of the precious thing that money can't buy. Money comes and goes but real people doesn't. Although you are having a bad time, you shouldn't be sad about this. Instead you should consider as a "Blessing in Disguise"…

Open your eyes and ears, get a grasp of the situation and move on. Good times, bad times they are all a learning process. Try to learn from that. Use your money accordingly to your needs but not desire. Don't overspend on unnecessary things that you don't need. Be thoughtful when spending. Have an account of your earnings, spending and savings. Make a good money management plan.

[retreat]

I can relate to your story, because I have been in that position and it is very sad when I remember it. But I don't want to discuss my story here because what you need is support from people to get through this. There is nothing I can say other than cheers for you. Remember that in your life there are still people who need your presence - parents, siblings, or other people you care about, they all still need you. You must be able to fight for them, especially for yourself. It's true that now it's quite hard for you to get through the days, but still remember that gold before it becomes jewelry is beaten and hammered with heat, and if you can get through this ordeal I'm sure you can become a better person. Keep your enthusiasm and keep praying if you are a religious person.

[SOKO-DEKE]

Going through your story I can also feel your pain. Take heart op. It is not really easy to have money before and not have it again. Someone will always be depressed when the money is not there anymore. It is not always easy to know how to manage money. If someone is not well-versed in how to manage money, the more money comes, the more someone will spend it because they will always believe that is the way the money will continue coming.

We must learn certain things in this life before we can grasp them. I think you've gained some experience now, and you know how to invest your money rather than squander it when you get the chance to earn more in the future. And as for your friends that are away from you that is human being for us, it only a few that always remember the past.not a lie that people get closer to you when you have what they want but away from you when they see you have not that anymore especially in aspects of money.some people can do anything for you when you have the money just to get closer to you and you think may think it true love but they are just showing the love for what you have.

[cabron]

Does the song "Nobody Knows You When You're Down and Out" by Eric Clapton relate to what you experience?
Things can be that messy when sometimes you show you made a lot of money and then friends wanna party with you and then soon when you have nothing they are also gone. You are not the only person who committed such mistake. the story has been told a million times in the past.

But come that you realize this, you will remind yourself all the time to never again. If possible you find a job while you also keep investing the money you have and show the world you can make it.

[South Park]

Does the song "Nobody Knows You When You're Down and Out" by Eric Clapton relate to what you experience?
Things can be that messy when sometimes you show you made a lot of money and then friends wanna party with you and then soon when you have nothing they are also gone. You are not the only person who committed such mistake. the story has been told a million times in the past.

But come that you realize this, you will remind yourself all the time to never again. If possible you find a job while you also keep investing the money you have and show the world you can make it.

That is precisely when you can see who are your real friends, and in the case of the OP it seems he lost most of the people that he considered to be close, and while this may seem depressing since you realize how lonely you truly are, at the same time this allows you to not waste any time on those people and concentrate on the ones that truly appreciate you, while at the same time this lesson will allow him to not make this mistake again and stay away from those that only want you for what you can give to them.

[darkangel11]

Two things came to my mind after reading OP's story.
The first one was of my friend who is in a similar situation. He bought an apartment but can't find money to furnish it, so he ends up paying rent for it while not living in it, which makes his finances even worse.
Why can't he move? Because he spends all the money he earns every month. He has loans to pay, buys expensive stuff like motorcycles, clothes, eats out... He's a spender and he's never going to save up enough money to remodel the apartment.
The second thought is about OP's friends. When your friends leave you because you have less money, they were never your friends. It's good that they taught you this lesson before you lend them money, or before you started a business with them.

[CryptoHeadlineNews]

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.

You literally bit more than you could chew my friend, by living a lifestyle far more than what you could afford over a long run, because one of the biggest mistake you made was that while planning for the known, you failed to plan for the unknown, and of today you now paying the price of living a lavished lifestyle trying to impress people who never cared about your well being.
So it's good to know that you finally discovered your mistake, and known who your true friends are during this period of hardship (i.e those who never ran away). And as such, I will like to advise that from today henceforth strive to inculcate the habit of savings the little you can afford too each time you earn a little sum of money, as you never can tell what could happen in the next few minutes.

[Dzwaafu11]

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.

This is not a problem from your upbringing, in my opinion, just that you view it in the wrong way. Money is not spent as you see, and normally money is earned to be spent, but we should spend it wisely. Sometimes we don’t get anything we want, and that is natural for humans, which you fail to understand from the beginning. We won’t get anything we want, so I think that is where you got it wrong. However, normally, if we see what we like, we need to buy it, but we should first look at our way of earning. We should spend money wherever we find it. We should have a plan for everything we do. I hope this has taught you a lesson. I believe you will spend wisely now, as no condition is permanent.

[dunfida]

Two things came to my mind after reading OP's story.
The first one was of my friend who is in a similar situation. He bought an apartment but can't find money to furnish it, so he ends up paying rent for it while not living in it, which makes his finances even worse.
Why can't he move? Because he spends all the money he earns every month. He has loans to pay, buys expensive stuff like motorcycles, clothes, eats out... He's a spender and he's never going to save up enough money to remodel the apartment.
The second thought is about OP's friends. When your friends leave you because you have less money, they were never your friends. It's good that they taught you this lesson before you lend them money, or before you started a business with them.

Money management might really that sounds really that too basic but this is something that cant really be done by most people specially on the time that they arent on a tough situation or really that struggling on which they would really be that definitely wont really be minding about on the things that they are currently dealing with on which as long they do have the money then this is what mattering the most. They would really be buying and doing all the things that they do have in mind without considering on saving up on trying out to fix up things or prioritize on something that could bring up more income but instead they would really be sticking into those
things which brings up leisure.

Its not really that bad on spending up some money with those things as long everything would really be that in moderation.You cant really that make yourself to be having that stability to last forever
on which considering that there's always those times that you would experience problems and if you havent made out some savings or financial back up then it would be simply
telling you that "Youre fucked up". 

[Captain Corporate]

In a war situation, when your army is so thinly spread that you can't defend every line, the logical move would be a planned retreat. That way, you gather all your army back, and yes you are "losing" ground but you are actually getting a bigger compact army together, so when the enemy attacks, you will be able to defend better and when they start to lose more, you press and this time you do not spread thingly, but do a berzerk attack towards the center line and go as further as you can to their heart line. This is what you should do financially, go back to what you are earning with your spending, cut down every single thing, and start to work very hard on finding new customers, even putting up flyers on the streets if you have to, call every single person you know, ask if they or anyone they know need your help, find other jobs outside of your current job as a side income, and keep spending very very little until you earn more, and when you earn more, stop spending it all, and start putting that money back into business to grow, so you can earn even more.

[Egii Nna]

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.

That is just it. Most of the time, people that stick around you are there because of what you have, and I know if you lose it, they will definitely leave you. Although you have already encountered the situation, a wise man says that “if you want to be successful in life, you should avoid too many friends." Looking at this, having many friends can make you not think about your finances because they will show you that they are always with you and make you not calculate your expenses.
So the only advice I can give you is to have a budget based on your income. If possible, the budget should be lower than your income so that you can save enough to recover your former financial status so that you can plan a good life and also reduce bad friends. If not, you will still go back to your previous life.

[Mate2237]

You would have put yourself in other after the demised of your client. And also you would have looked into your business capital to see if it could sustain the business and it was not them you would have changed business to another business that you would have done better. Those are so.e the business strategies. You don't have to stick to one business when you discovered it was not doing well again as the beginning.

I will advise you to divide your business idea into two so that if one side goes down then you use the other one to support it. This thing that happened to you is not a new thing to business people. And they have been over coming to the challenges. Just sit up and pick courage face the reality.

[serjent05]

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.

That is just it. Most of the time, people that stick around you are there because of what you have, and I know if you lose it, they will definitely leave you. Although you have already encountered the situation, a wise man says that “if you want to be successful in life, you should avoid too many friends." Looking at this, having many friends can make you not think about your finances because they will show you that they are always with you and make you not calculate your expenses.

I think it is much better to say that choosing friends wisely is one of the critical factors of success in life.  If we become friends with knowledgeable and successful people, their habits will influence us.  Befriending with leeches will only cause us expenses.

So the only advice I can give you is to have a budget based on your income. If possible, the budget should be lower than your income so that you can save enough to recover your former financial status so that you can plan a good life and also reduce bad friends. If not, you will still go back to your previous life.

Much better if he saved first before budgeting for expenses.  This way savings are already secured and he will make the remaining funds adjusted accordingly.

You would have put yourself in other after the demised of your client. And also you would have looked into your business capital to see if it could sustain the business and it was not them you would have changed business to another business that you would have done better. Those are so.e the business strategies. You don't have to stick to one business when you discovered it was not doing well again as the beginning.

I will advise you to divide your business idea into two so that if one side goes down then you use the other one to support it.

I think he need to expand his network of people.  Maybe @OP became relaxed and stopped looking for new clients because that client had his income covered.  There is no need to change business but the need to look for new client is badly needed.  @OP is doing good with his business and I feel that he is comfortable executing the offered service, changing business will probably give him more negative outcome than just looking for a new client.