Reckless financial decision ?

[franky1]

i was asked a couple questions the other day .. and when answering it reminded me of this topic

how wealthy was i
how does it feel to be wealthy

and i summed it up to a single answer
when i am in a position where saying no to money brings more comfort, freedom and autonomy compared to saying yes to money

basically when you are content in the position you are in that you have no need to be rushing to grab more of waste your life/time on some method of earning money that presses against your freedom

you dont need to be a billionaire or a millionaire, but if you can find a level where the finances you have offer you freedom to not stress over bills or worries of debt. where you dont need to chase money. then you are defined as wealthy

[Ben Barubal]

i was asked a couple questions the other day .. and when answering it reminded me of this topic

how wealthy was i
how does it feel to be wealthy

and i summed it up to a single answer
when i am in a position where saying no to money brings more comfort, freedom and autonomy compared to saying yes to money

basically when you are content in the position you are in that you have no need to be rushing to grab more of waste your life/time on some method of earning money that presses against your freedom

you dont need to be a billionaire or a millionaire, but if you can find a level where the finances you have offer you freedom to not stress over bills or worries of debt. where you dont need to chase money. then you are defined as wealthy

    So what you mean is that as long as you feel contentment in life, because you are not poor and you are not very rich either, but you enjoy everything you have now, it can be said that it is rich. And you are happy that whatever you have now is real wealth.

   The true happiness that material wealth can't buy is quite beautiful, and I agree with what you say. It's based on my understanding of what you mentioned, which is why I said it like this.

[Smartvirus]

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?

I saw this highlight pop up sometime on the web with a musician haven’t abandoned to deal on a show for not allowing him to smoke weed.
Well, what’s there to understand is, this individual isn’t someone that is going through a tough time and will have far more opportunity to increase his wealth in less than a month. All it takes is to plan another show, a tour or release a song and keep getting money through the various monetized media his got.

It might seem like a pretty bad choice but, for someone to be able to let loose such a huge deal for an outlaw on smoking, you should be talking about an addiction problem and what this drug aid this one individual in archiving on the stage. When this isn’t the case, then you might not get to enjoy the show.

To me it’s a person’s specific decision and he made his. For me, am drug free and with that, it seems it’s not a very good decision. He’s lost a small opportunity to impact lives, gain more fan base and have others benefit on his team.

[Lanatsa]

i was asked a couple questions the other day .. and when answering it reminded me of this topic

how wealthy was i
how does it feel to be wealthy

and i summed it up to a single answer
when i am in a position where saying no to money brings more comfort, freedom and autonomy compared to saying yes to money

basically when you are content in the position you are in that you have no need to be rushing to grab more of waste your life/time on some method of earning money that presses against your freedom

you dont need to be a billionaire or a millionaire, but if you can find a level where the finances you have offer you freedom to not stress over bills or worries of debt. where you dont need to chase money. then you are defined as wealthy

    So what you mean is that as long as you feel contentment in life, because you are not poor and you are not very rich either, but you enjoy everything you have now, it can be said that it is rich. And you are happy that whatever you have now is real wealth.

   The true happiness that material wealth can't buy is quite beautiful, and I agree with what you say. It's based on my understanding of what you mentioned, which is why I said it like this.

This would really falls into someones perception in life on which we do know that contentment would really be definitely be varying into someones personal point of view. Yes, its hard not to have that
financial freedom or simply being wealthy because we know that money does really play a huge role but not everything talks about money. If someone have really that restricted on the freedom
that he currently have then no matter how good the offer is but on the time that he do felt out such restriction then he/she would definitely be rejecting it out no matter how wasteful it would be.

We do have our own decisions in life on which it would really be just that a common approach to have when someone whose really been that struggling on getting millions
but just that been easily be rejected by someone? Its normal to have that kind of reaction but this is something that you would really understand.

[Cookdata]

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?

I don't there is there is health benefits in smoking cannabis, I have not seen any person come publicly to say that this is exactly what I benefits in taking weed except for confidence. Many musicians go on stage when they are high witb something like that, if the musician cannot perform on stage without a weed, then I see no reason why hw decline. It's even difficult to see an actor that is not involved in smoking and drinking expensive shit just to get high.

I just want to point out another thing, the million dollars might be reported as his but I think this decision wasn't rejected alone by only the musicians because if he get paid, what he might have at the end of the show might be 50% depending on what they deal on th contract between the celebrity and the rest of crew that are working under him.

Another reckless financial decision I think before underrated is drinking of water expensive alcohol, these lifestyle are the one of the most faster way you can become poor and call for bankruptcy when they grow old without having anything on their accounts.

[batang_bitcoin]

basically when you are content in the position you are in that you have no need to be rushing to grab more of waste your life/time on some method of earning money that presses against your freedom

you dont need to be a billionaire or a millionaire, but if you can find a level where the finances you have offer you freedom to not stress over bills or worries of debt. where you dont need to chase money. then you are defined as wealthy

Exactly, this is a good answer to be honest and this is all about contentment in life. If you're earning just fine and you're not in a rush or pressed in doing your grinds then it doesn't mean that you're poor but you're even better than the others that have been pressed with all of their hours doing jobs all day long. While you, if you're chilled and doing the normal thing day in your life and still gets that income that you need to survive, you'd still be the happiest because no worries with debts, obligations and your bills are paid enough.

[ndutndut]

    So what you mean is that as long as you feel contentment in life, because you are not poor and you are not very rich either, but you enjoy everything you have now, it can be said that it is rich. And you are happy that whatever you have now is real wealth.

   The true happiness that material wealth can't buy is quite beautiful, and I agree with what you say. It's based on my understanding of what you mentioned, which is why I said it like this.

Actually, the purpose of life is to enjoy life, what's the point if you keep looking for money until you don't have time to enjoy life? I understand what he means, being rich is actually simple, all you need is enough, there are no shortages and not having bills or debt is already happiness in life.

Indeed, on the one hand, money can buy happiness. That's clear. With money we can provide for the people we love and that will give us happiness. However, happiness itself can actually be obtained without needing money, aka free, namely by being grateful and learning to enjoy what is there. But still, money helps increase happiness. However, if money is not used wisely, it can actually bring sadness and even disaster. Basically, we all have to avoid rash decisions in our finances, because wise decisions will make us rich.

[Gormicsta]

Spending too much, gambling, and lending can all lead to risky financial decisions, putting people in essential financial problems and making them impoverished without their knowledge. And sometimes there is an absence for learning or assets accessible to help people learn about financial matters, and they will need to learn about the basics of private finance, such as money management, budgeting, and deploying funds which can help them know and make better financial decisions, and they can learn this in school, as well as from their parents. If they are not considered early on, the consequences will be negative in the long run.

[Fara Chan]

    So what you mean is that as long as you feel contentment in life, because you are not poor and you are not very rich either, but you enjoy everything you have now, it can be said that it is rich. And you are happy that whatever you have now is real wealth.

   The true happiness that material wealth can't buy is quite beautiful, and I agree with what you say. It's based on my understanding of what you mentioned, which is why I said it like this.

A person who is able to feel satisfied with what he has is indeed worthy of being considered a rich person, because apart from that, that person has not experienced any difficulties in his life. Such a person can always enjoy what he has so far without caring about other people's possessions or comparing them with what other people have.

Because the only thing that most people have is that they continue to compare what they have with what other people already have so that they continue to consider themselves poor. In fact, if only he could still be grateful for what he currently has, of course he should be considered a rich person because he doesn't make many comparisons with what other people have.

[hyudien]

Actually, the purpose of life is to enjoy life, what's the point if you keep looking for money until you don't have time to enjoy life? I understand what he means, being rich is actually simple, all you need is enough, there are no shortages and not having bills or debt is already happiness in life.

Indeed, on the one hand, money can buy happiness. That's clear. With money we can provide for the people we love and that will give us happiness. However, happiness itself can actually be obtained without needing money, aka free, namely by being grateful and learning to enjoy what is there. But still, money helps increase happiness. However, if money is not used wisely, it can actually bring sadness and even disaster. Basically, we all have to avoid rash decisions in our finances, because wise decisions will make us rich.

In fact, I think it's very likely that we have bills that have to be paid every month, such as water, electricity, and maybe wifi. Indeed, life should be enjoyed, because of course if we continue to earn money there is a chance that the mind will become stressed, therefore when the holiday time comes we must be able to pamper ourselves because in my opinion it is a must also because it is a way to calm the mind. by going on holiday or by shopping with the money earned from our work, it doesn't matter.
It's true what you say that money can help increase our happiness, but even so, I don't think everything can be bought with money. I agree with you that if we can't manage our finances well then it will probably be a problem for us too, when the money runs out what will happen is confusion. Therefore, when we have money we must be able to manage it well, including expenses. so that there are no regrets at the end.

[TheUltraElite]

If they are not considered early on, the consequences will be negative in the long run.

A musician refusing a deal is nothing out of the blue, these things happen every few days and with the record labels and their predation on the music industry, we are bound to see these things happen but not every one of them makes the headlines out there.

You never know the full story - there are many under the table deals being done in the music industry it is one of the most corrupt things in this world behind all the glitz and glam.

Reckless or not, they will end up dealing with another label.

[mvdheuvel1983]

    So what you mean is that as long as you feel contentment in life, because you are not poor and you are not very rich either, but you enjoy everything you have now, it can be said that it is rich. And you are happy that whatever you have now is real wealth.

   The true happiness that material wealth can't buy is quite beautiful, and I agree with what you say. It's based on my understanding of what you mentioned, which is why I said it like this.

A person who is able to feel satisfied with what he has is indeed worthy of being considered a rich person, because apart from that, that person has not experienced any difficulties in his life. Such a person can always enjoy what he has so far without caring about other people's possessions or comparing them with what other people have.

Because the only thing that most people have is that they continue to compare what they have with what other people already have so that they continue to consider themselves poor. In fact, if only he could still be grateful for what he currently has, of course he should be considered a rich person because he doesn't make many comparisons with what other people have.

Sometimes comparing yourself with others helps you to understand that you still have a long way to go if you are into some kind of investment, if you are a celebrity and so on but that doesn't mean that you won't appreciate the level that you are or what you are doing at the moment but you will always strive to get better and do more knowing that so many people are still ahead of you in your area of specialization.

When what you have can't match what others have it doesn't make you poor rather it helps you to go back and put in more effort because everyone wants to be the best and being the best you must be at the top always.