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Author Topic: Take care of your money and learn to save.  (Read 1393 times)
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May 07, 2024, 01:42:26 PM
 #81

Don't learn to save, learn to invest because that's much better than just letting your money stagnate in your bank account when there's the potential that it can grow when you invest it into something, remember that if you're presented the opportunity to invest especially if it's crypto, just go ahead and take it, there's no harm in going for that and it's probably much better for you to do it anyway. Regarding taking care of your money, best thing to do is to spend on your needs first then splurge just a little on your wants, remember that life isn't always about money, and if you don't live a little using the money that you earn, you're probably susceptible to break down and depression that would affect your life in the worst of ways, and you can prevent that if you just live a little.
Yeah that's more appropriate to invest your money into the right direction because of Time value of money. The money will lose its value as time will pass but your investment will get you some good profits if you do it into the right direction.

So the money invested into the right direction is far better the the money that is stacked up into your home. Try to be smart and hardworking at the same time.

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May 07, 2024, 01:49:38 PM
 #82

Don't learn to save, learn to invest because that's much better than just letting your money stagnate in your bank account when there's the potential that it can grow when you invest it into something, remember that if you're presented the opportunity to invest especially if it's crypto, just go ahead and take it, there's no harm in going for that and it's probably much better for you to do it anyway. Regarding taking care of your money, best thing to do is to spend on your needs first then splurge just a little on your wants, remember that life isn't always about money, and if you don't live a little using the money that you earn, you're probably susceptible to break down and depression that would affect your life in the worst of ways, and you can prevent that if you just live a little.
Yeah that's more appropriate to invest your money into the right direction because of Time value of money. The money will lose its value as time will pass but your investment will get you some good profits if you do it into the right direction.

So the money invested into the right direction is far better the the money that is stacked up into your home. Try to be smart and hardworking at the same time.

First of all make sure that the house you stack your money up is yours. Some people make investments while paying a mortgage for their houses. If it is sure that you'll get a dividend higher than the interest rate, with no risk, it is ok, but if not, maybe some should start thinking in paying their credits first of all.

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May 07, 2024, 05:02:30 PM
 #83

Money should always be calculated. Spending money freely will get you into trouble. Money should be valued. Because without money you are worthless.  That means you have no value without money. There is no substitute for money for livelihood. So we should think of earning money while we have time and should save it. But saving does not mean that we cannot save only without mixing our basic needs. Because  Everything has a system.

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May 07, 2024, 05:47:20 PM
 #84

We love to spend money. Every day we buy many things but there is no need to buy this. This is the most important rule of saving. There is an art to spending little money. If we don't know this, we won't be able to have a lot of money. Let's calculate how much money we can spend in one week on unnecessary things. This is savings! Techniques will not work if we do not learn to do without some things

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May 07, 2024, 06:43:58 PM
 #85

People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend. It is a fact that as long as you have money and as long as you spend money behind others people will speak for you and people will be with you but if one day you want to walk with them without spending money then you will find no one to walk with. Since money brings people closer and money drives people away, money should be given the most importance. 

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well. 

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.
Always save and consider on trying out to establish yourself on having that multiple income source rather than on relying into your main job for the rest of your life because if you do and then there's something that do happens into it or some laying off or being kicked or fired then for sure you would really be having that miserable life because you are really just that relying on it and at the same time you dont have any savings just because you arent that making one when you do still have that job or just because you had just that made yourself that being too confident that there's nothing would gonna happen on you.

On the time that there's something happened then for sure you would really be having in mind or having those kind of regret that you shouldnt have that missed out on making up some savings or making out
some investment or having that other income source for you to save up at least. You would really be able to realize its importance on the time that you would really be on such tough
situation on which its a common thing that most people would really be ending up into.

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May 07, 2024, 07:13:28 PM
 #86

When you have money I mean enough money your friends increase without you knowing (that's if you're the party type) so you need more money to make things happen to keep that friendship going. Before you start up a life of spending lavishly don't forget of having where more money would come from, that's why one need a better investment to stay on top not only that but you need to think I'm a productive way to keep the money pumping.
In some countries where things are hard and prices of goods have doubled times 3 of the old price, you think of how to spend less and save more and also cutting off the way you spend as of then to make a good meaning of your hustle. Is best to be stingy and you have what to feed yourself and your family than giving out money without thinking about tomorrow to be begging along the street with a hungry stomach.

I think people should see me as a bad person just because I refuse to spend my money on them. Not everyone will think you are a bad person, some will no longer talk to you or be close to you because you do not spend your money as they think. We've lost a lot of friends because they think their friends' money is theirs. If they have an issue to solve, they will believe that their wealthy friend can fix it. If someone starts making money, I believe they should limit how much they walk around since the more you walk, the more you spend.

What I've come to believe in this life is that the wicked live longer than those who claim to be good, I agree with you to be seen as a wicked and stingy person or answer the name of a wicked person. Is good to give but some people take it for granted even when there's no need to ask they do ask. Normally people who are rich like to give I mean "some" but they turn to be wicked because no one knows what they passed through in life before making it to where they are now, have an uncle (lemme call him that) who has enough to give but even to his wife he act stingy, her people needs help but he prefer to give to a stranger than those ones from the wife's place and I understand him very well because he might have pass through hell before getting all he have so that alone would be difficult to get from him.

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We should not allow anything to bother us, our family problems should always be a main priority since we never know what tomorrow will bring. If you are broke not all your friends will support you, even if you used to spend on them. It's difficult to save when you come from a place where items are very cost. Being stingy is good if it stops us from overspending. He was once a giver, but now a needy should not be our position.

Honestly it is very hard to give when you're surrounded by people who look up to you for assistance especially when they're your blood, you can't say no to your siblings not while you're the elderly one. It will be a bigger problem if you don't have to give because it will look like you have failed as the breadwinner.

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May 07, 2024, 07:58:49 PM
 #87

What I've come to believe in this life is that the wicked live longer than those who claim to be good, I agree with you to be seen as a wicked and stingy person or answer the name of a wicked person.
Helping those in need is never bad however you also have to identify your limits as a person. You wouldn’t want to lose all of yourself.Sometimes being greedy and putting yourself first is the right thing to do.
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have an uncle (lemme call him that) who has enough to give but even to his wife he act stingy, her people needs help but he prefer to give to a stranger than those ones from the wife's place and I understand him very well because he might have pass through hell before getting all he have so that alone would be difficult to get from him.

What did his wife do to deserve that treatment lol. Above all when I am rich enough I would spoil my family and give them everything they need.









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May 07, 2024, 08:28:22 PM
 #88

It is true that spending money carelessly is a problem, but at the same time people are keep forcing the regular people to live frugal life instead of seeing the real problem; companies becoming greedier.

Do not drink starbucks every morning, do not get your avocado toast, do not buy the new iphone, do not go to a vacation you can't afford, do not get all the subscriptions, do not get ... and so forth and so forth while the rich guy just spends 10 billion to shoot himself to space, I am sorry but wtf is wrong with people that we are taking the last ounce of happiness life provides to these low to mid level income people, and not looking at the reality that corporations make tens of billions of profit while not giving their workers any proper raise? That is the real problem.

Wages are way too low right now, and as long as that is not fixed, you will get poorer and poorer, eventually they will tell you that eating three times a day is bad, and you should eat twice, because that is what you will be able to afford anyway with the money these companies pay us.
This is such a good take, I couldn't put it any better myself even if I tried. It is such a shame that people do not see the real problem and overlook that issue and just keep telling people to live smaller and smaller. We are in the period where we have the most in the world, innovations grew rapidly and there are so many things, and people are failing to be able to buy just a home, something people used to do so easily.

I am not saying that lets all have lambos and yacths, but we are in a world where the median income doesn't get you a home in 5 years worth of salary in most places of the world. In my nation, 5 years worth of salary wouldn't even get me a car, let alone a house, but definitely not a house. Why not look at that and just focus on saving?

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May 07, 2024, 09:43:48 PM
 #89

Money should always be calculated. Spending money freely will get you into trouble. Money should be valued. Because without money you are worthless.  That means you have no value without money. There is no substitute for money for livelihood. So we should think of earning money while we have time and should save it. But saving does not mean that we cannot save only without mixing our basic needs. Because  Everything has a system.
Its not bad to spend but make sure you have set aside your savings first prior to spending, that way you are just enjoying your extra money. Although spending is inevitable most especially if it’s all about your needs and sometimes wants, but set your limits so you won’t end up spending all your hard-earned money.

While saving could be very essential, but that should not be our ultimate goal, but put them into a potential investment wherein you can manage its risks and become successful. Of course, that would demand hardwork as well, but know that you can never succeed on your business or investment if you are not actually dedicated or devoted into it. Do everything to succeed, not only in your investment, but certainly in all aspects of life.

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May 07, 2024, 09:59:51 PM
Last edit: May 07, 2024, 10:30:38 PM by stomachgrowls
 #90

Money should always be calculated. Spending money freely will get you into trouble. Money should be valued. Because without money you are worthless.  That means you have no value without money. There is no substitute for money for livelihood. So we should think of earning money while we have time and should save it. But saving does not mean that we cannot save only without mixing our basic needs. Because  Everything has a system.
Its not bad to spend but make sure you have set aside your savings first prior to spending, that way you are just enjoying your extra money. Although spending is inevitable most especially if it’s all about your needs and sometimes wants, but set your limits so you won’t end up spending all your hard-earned money.

While saving could be very essential, but that should not be our ultimate goal, but put them into a potential investment wherein you can manage its risks and become successful. Of course, that would demand hardwork as well, but know that you can never succeed on your business or investment if you are not actually dedicated or devoted into it. Do everything to succeed, not only in your investment, but certainly in all aspects of life.
Limit and budgeting would be always crucial and this is something that you would really be needing up to consider because if you do spend up like a mad man and like that there's no tomorrow then you would
really be suffering those conditions on which you would really be having kind of regret because you have done something shit earlier. You would be able to realize the importance of savings on the time that you would really be experiencing difficulties but if not then you would really be that confident that there's nothing that would happen to you until there's one. On the time that there's nothing happening on you
then you wont care but if there's one then this is the time that you would be panicking.

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May 07, 2024, 10:13:54 PM
 #91

People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend. It is a fact that as long as you have money and as long as you spend money behind others people will speak for you and people will be with you but if one day you want to walk with them without spending money then you will find no one to walk with. Since money brings people closer and money drives people away, money should be given the most importance. 

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well. 

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.
It is true it wouldn't always be the same so we must learn to save or manage our funds well.
It doesn't matter if you are earning big right now it would all be useless in the future if you couldn't manage it well, some people tend to spend all of their earnings to enjoy their life or live the moment as they call it, but what about their future? they don't really care much about it as long as they are having fun.
I think this is the reason why most minimum wage earner aren't successful, they tend party almost everytime they get their salary to relieve stress.



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Rainbot
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May 08, 2024, 05:35:22 AM
Merited by wmaurik (1)
 #92

Money should always be calculated. Spending money freely will get you into trouble. Money should be valued. Because without money you are worthless.  That means you have no value without money. There is no substitute for money for livelihood. So we should think of earning money while we have time and should save it. But saving does not mean that we cannot save only without mixing our basic needs. Because  Everything has a system.
If someone cannot manage the expenses they need, of course they will have financial problems and the income they have will certainly not be enough to meet their needs. It is important for us to continue making money and we must also be able to manage it well so that we not having financial problems, of course this is something that no one will ever want, before saving, of course we must first meet the needs we need and the remaining income we have, then we can save and if possible we can invest.

We love to spend money. Every day we buy many things but there is no need to buy this. This is the most important rule of saving. There is an art to spending little money. If we don't know this, we won't be able to have a lot of money. Let's calculate how much money we can spend in one week on unnecessary things. This is savings! Techniques will not work if we do not learn to do without some things
If you like spending money on things you don't really need, of course it will be very difficult for you to save and it could put us in financial trouble. Calculating the amount of expenses is of course very good because we will be able to track our expenses and be able to learn whether we have used the income we have well or not and if indeed we are still using the income we have on things we don't need, of course we have to fix it so that we don't repeat this in the future.

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May 08, 2024, 06:42:12 AM
 #93

Saving money is easier said than done thanks to the unpredictable nature of life. People who have lots of money usually can survive well even if they don't save their money properly.

However, the same cannot be said about people with small-medium amounts of money. Money management is a tough skill to master, but it's worth it at the end of the day.

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Xcode7
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May 08, 2024, 08:07:48 AM
 #94

Saving money is easier said than done thanks to the unpredictable nature of life. People who have lots of money usually can survive well even if they don't save their money properly.

However, the same cannot be said about people with small-medium amounts of money. Money management is a tough skill to master, but it's worth it at the end of the day.
It must be admitted that saving is the most difficult thing to implement in life, even though we are aware that saving is quite important and useful for the future.
However, when we grow up, there will be many considerations to hold back all desires in life to prioritize saving money for the future, I am already aware of this and what we have gone through has become a valuable lesson for a better future.
Saving can become a habit, so we have to do it slowly now for our future.

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May 08, 2024, 09:00:35 AM
 #95

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.
While you’re minimizing your spending, know that you can’t become rich just by saving money. Or maybe you can but not for wealth. And temporary riches isn’t what  you want, so you need a better plan that is bigger than minimizing one’s spending.
Agreed. Saving will not make you rich because of inflation. We live in an era where understanding the concept of leverage is very easy, easy to obtain and easy to learn. So to create wealth and financial freedom is not as difficult as many people believe. Building wealth and remaining financially stable indefinitely is much easier with the right information. Participate in investments as this is the only right approach to earn high income and remain prosperous indefinitely. You just need to adjust your expenses according to your income. In essence, frugal does not mean stingy.

My aunt was very frugal but invested in land. Now that he is gone, we, his children, are happily reaping the fruits of his labor. That's the generational wealth we gain, to ensure your children and your future children and grandchildren have a good starting point. So take care of your money and learn to invest, especially in bitcoin.

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May 08, 2024, 09:04:31 AM
 #96

Helping those in need is never bad however you also have to identify your limits as a person. You wouldn’t want to lose all of yourself.Sometimes being greedy and putting yourself first is the right thing to do.

Although it has never been a bad thing but with what's happening in world I some how think is not too good to help, sometimes we help others and forget that we the helper have needs, cloths to wear food to eat and all that. I'd prefer to not be in the group of greedy people because there's a way you do it and it will get into your head without you knowing who deserves that behavior or not, is never a good thing unless you have it in you (greediness).


Quote

What did his wife do to deserve that treatment lol. Above all when I am rich enough I would spoil my family and give them everything they need.


Not that he doesn't give the wife money but he does it on his terms, whenever he feels like giving that's when he gives but if she needs money like today or tomorrow he act like he hasn't seen money in his account before, what I mean is that she can't make use of money when she want is when she has no need that's when he gives which is bad to me.

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MissNonFall9
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May 08, 2024, 09:40:35 AM
 #97

When you have money I mean enough money your friends increase without you knowing (that's if you're the party type) so you need more money to make things happen to keep that friendship going. Before you start up a life of spending lavishly don't forget of having where more money would come from, that's why one need a better investment to stay on top not only that but you need to think I'm a productive way to keep the money pumping.
In some countries where things are hard and prices of goods have doubled times 3 of the old price, you think of how to spend less and save more and also cutting off the way you spend as of then to make a good meaning of your hustle. Is best to be stingy and you have what to feed yourself and your family than giving out money without thinking about tomorrow to be begging along the street with a hungry stomach.

I think people should see me as a bad person just because I refuse to spend my money on them. Not everyone will think you are a bad person, some will no longer talk to you or be close to you because you do not spend your money as they think. We've lost a lot of friends because they think their friends' money is theirs. If they have an issue to solve, they will believe that their wealthy friend can fix it. If someone starts making money, I believe they should limit how much they walk around since the more you walk, the more you spend.

We should not allow anything to bother us, our family problems should always be a main priority since we never know what tomorrow will bring. If you are broke not all your friends will support you, even if you used to spend on them. It's difficult to save when you come from a place where items are very cost. Being stingy is good if it stops us from overspending. He was once a giver, but now a needy should not be our position.
The people you lost were never your friends. Because friendships don't mean that I can't spend my money for them then the friendship will be ruined. It could also be that you failed to choose the right friends. But be that as it may, if it is understood that someone is walking with us for self-interest and runs away in times of danger, then it is good to stay away from such people immediately. I believe an empty house than bad companies.
However we should take care and save our money even if it is for our investment instinct, we should save and extend a helping hand to as many needy people as possible to put some smiles on their faces. Because if people smile, the world can become beautiful.

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May 08, 2024, 09:50:38 AM
 #98

We love to spend money. Every day we buy many things but there is no need to buy this. This is the most important rule of saving. There is an art to spending little money. If we don't know this, we won't be able to have a lot of money. Let's calculate how much money we can spend in one week on unnecessary things. This is savings! Techniques will not work if we do not learn to do without some things
usually the habit of overspending is always this, buying unnecessary things, even if there's a discount, some people bought thing simlpy because there's discount going on even though honestly they just don't really need it.
from the small things that gets discounted if we buy all those unnecessary things consistently it will take up certain portion of our savings, knowing that we have the habit of overspending is the first step into saving and further growing our capital, if we just can't figure out that we ourselves are the problem, this problem might not get solved and we won't be able to save meaningful amount of money at the end of the day.
but even saving is not enough if you want to save up for your retirement, is something like covid hits, it might damage your saving that you've been building since long time ago.
therefore knowing how to invest, grow your capital is also one way to be rich in my opinion.
learn to trade, invest and so on, this is really useful side hustle skill when you need to make side income.

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avp2306
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May 08, 2024, 10:50:15 AM
 #99

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.
While you’re minimizing your spending, know that you can’t become rich just by saving money. Or maybe you can but not for wealth. And temporary riches isn’t what  you want, so you need a better plan that is bigger than minimizing one’s spending.
Agreed. Saving will not make you rich because of inflation. We live in an era where understanding the concept of leverage is very easy, easy to obtain and easy to learn. So to create wealth and financial freedom is not as difficult as many people believe. Building wealth and remaining financially stable indefinitely is much easier with the right information. Participate in investments as this is the only right approach to earn high income and remain prosperous indefinitely. You just need to adjust your expenses according to your income. In essence, frugal does not mean stingy.

My aunt was very frugal but invested in land. Now that he is gone, we, his children, are happily reaping the fruits of his labor. That's the generational wealth we gain, to ensure your children and your future children and grandchildren have a good starting point. So take care of your money and learn to invest, especially in bitcoin.

Hard to prioritize savings since we could be defeated by inflation with that and there's nothing will happen to our money if we just decide it especially on banks since they are the one who will earn a lot of money from our savings while us they just give small compensation which is not totally reasonable amount.

Much better if we use our money to invest on multiple options since for that we could able to get a lot of income streams then the only one we need to separate is the emergency funds and educational plans for our child so that we can live a comfortable life in future. Your aunt is so smart for determining what's best for his money and he really see the result which his child is benefiting from his investments made.

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May 08, 2024, 11:12:35 AM
 #100

We love to spend money. Every day we buy many things but there is no need to buy this. This is the most important rule of saving. There is an art to spending little money. If we don't know this, we won't be able to have a lot of money. Let's calculate how much money we can spend in one week on unnecessary things. This is savings! Techniques will not work if we do not learn to do without some things

People often spend money without realising that by spending it on useless material he is actually wasting his money but I think we should spend with great care because he can understand the value of money who works hard just to maintain the responsibility of his family and earn money with great efforts.

We have to work properly and should think to plan for our future so for such a reason we will minimize our spending on useless things which are not necessary for living a healthy life. Remember that you will spend without planning today but what will you do when you need money during an emergency when you don't have savings.



 

 

 

 

 

 


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Mars,           
here we come!
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ElonCoin.org.
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.
"I could either watch it
happen or be a part of it"

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