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Author Topic: Do you have Same problem or you know someone who got same problem?To spend money  (Read 708 times)
barisbilgili
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July 30, 2024, 08:22:35 AM
 #61

A lot of people think they have financial intelligence when they are broke but when they have some money they tend to deviate from what they know, why does this happen?? It's because money amplifies your character and desires, I know someone who used to be broke and through out that phase he talked about business ideas he had but when he made his first millions he forgot about everything and got completely carried away by the luxurious lifestyle till he lavished everything he had..how can someone with 10 million naira try to live the lifestyle of someone that has 10 billion naira, it's crazy but this is what a lot of people do, they start living a luxurious lifestyle they aren't capable of keeping up with for even 2 years... if you can't buy anything  twice or comfortably you can't afford it
Everyone will be different in this regard, there are people who remain the same in their standard of living even though they already have a lot of money, but there are also people who want to feel more in their lives so they will adjust their lifestyle to the finances they already have.
Actually, all of that is okay and can still be done if they are still in control of their finances.
And I think this is also okay, as long as he is able to handle and be responsible for all his desires.
And the matter of going bankrupt because of fulfilling all desires or luxuries is a risk, and not everyone will be like that.

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July 31, 2024, 02:19:52 PM
Merited by dezoel (1)
 #62

It's different because the human perspective sees things based on their own abilities, especially regarding how they spend money.
I know some friends and if you look at their ability to make money, it can be said to be quite standard, but they choose a slightly more luxurious lifestyle and often spend money on things that have high prices.
When asked they answer about satisfaction and the goods they buy because they really like them. When this is related to other people who live much simpler lives, they actually answer buying things based on needs that are in accordance with their use.

When they are rich, buying luxury items is something we often see and it may be true that they live in luxury.
But if there are people who insist on buying luxury items with a standard salary, it is questionable and it may not be time for them to spend money on luxury items like this.
I think ability is not the right word to use but maybe capabilities, and knowledge or understanding. They are still close with each other and you are right even if we can't exactly feel what others are feeling because maybe our knowledge or capability is more than what they currently have or it can be higher than on what we have, though I think there are some exceptions or some people like for example poor but has a wider view in things in this world.

This is good and they have a big chance to change their life if they will team that thinking with a proper action. As you can see, I didn't mentioned money there but that's already understandable. There's also rich people who doesn't think or see things really well, so we can also say that it doesn't really depend on how one spends their money.

Each has their own choices in life and as long as it is not wrong or they don't use the money on illegal drugs, alcoholic drinks, gambling, hoes, and the likes.. we can let them. For them it's only a way of rewarding their selves for all the hardwork that they have done only to earn money. For those who are the opposite, they have their own reasons as well.

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dezoel
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August 02, 2024, 11:45:22 AM
 #63

What wealthy people do with their money is rarely my issue, I barely survive and there is a saying "when it rains it pours" which is true in my case, I said this month was the last month that we had any financial issues, turned out not so much and still in trouble a lot longer. In the end, if a wealthy person doesn't know how to spend their money, then that is on them and I do not think that we are dealing with anything that makes any sense for me at all.

I think the reliable thing would be focusing on your own life, do not "get ready when you are rich" because considering the situation very few people will go from normal to very rich, get ready for a normal life and just make sure that you do not miss life.

Both save, but also live, do that together and you will be fine, too many people dream of becoming rich, so much so that OP literally asks how to avoid these luxury stuff when we get rich when we are not even rich yet, that makes absolutely no sense. You know what I want to be able to have when I get rich? A full coverage health insurance, meaning that I can be ANY sickness ever, and go to hospital, do not pay a single dollar and leave, I want that insurance, that's my luxury.

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August 02, 2024, 08:58:48 PM
 #64

What wealthy people do with their money is rarely my issue, I barely survive and there is a saying "when it rains it pours" which is true in my case, I said this month was the last month that we had any financial issues, turned out not so much and still in trouble a lot longer. In the end, if a wealthy person doesn't know how to spend their money, then that is on them and I do not think that we are dealing with anything that makes any sense for me at all.

I think the reliable thing would be focusing on your own life, do not "get ready when you are rich" because considering the situation very few people will go from normal to very rich, get ready for a normal life and just make sure that you do not miss life.

Both save, but also live, do that together and you will be fine, too many people dream of becoming rich, so much so that OP literally asks how to avoid these luxury stuff when we get rich when we are not even rich yet, that makes absolutely no sense. You know what I want to be able to have when I get rich? A full coverage health insurance, meaning that I can be ANY sickness ever, and go to hospital, do not pay a single dollar and leave, I want that insurance, that's my luxury.
When we say rich, those people have definitely secure an access to luxury in life, and I think they have all the right to that because they are only spending their own money and not begging for other people, so obviously it should never be other people's issue.

Now, what we should do is to focus on how will we get rich and when will that happen, rather than making an issue on how those wealthy people spend their money.

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August 05, 2024, 03:07:24 AM
 #65

I think ability is not the right word to use but maybe capabilities, and knowledge or understanding. They are still close with each other and you are right even if we can't exactly feel what others are feeling because maybe our knowledge or capability is more than what they currently have or it can be higher than on what we have, though I think there are some exceptions or some people like for example poor but has a wider view in things in this world.

Ability will lead someone to achieve anything and why people say skill is important because that is how we can achieve success.
A person's ability is indeed different and with knowledge people can increase their ability to achieve whatever they want.
Different views and mindsets between each other and it is based on the mindset that is instilled so that the direction of someone to achieve success is different.

Quote
This is good and they have a big chance to change their life if they will team that thinking with a proper action. As you can see, I didn't mentioned money there but that's already understandable. There's also rich people who doesn't think or see things really well, so we can also say that it doesn't really depend on how one spends their money.
Back to the individual in seeing the problem and how they solve it all with suitability.
Why do I say this because sometimes we do not realize that spending money inappropriately can cause problems.
On the contrary, rich people spend money according to their ability to produce, money will not be productive in the wrong hands and there will be no stable returns.

Quote
Each has their own choices in life and as long as it is not wrong or they don't use the money on illegal drugs, alcoholic drinks, gambling, hoes, and the likes.. we can let them. For them it's only a way of rewarding their selves for all the hardwork that they have done only to earn money. For those who are the opposite, they have their own reasons as well.
That is different and maybe the discussion we are discussing is not related to this, I see someone with a different view.
For example, we have an income of $ 1000 per week, then how can the money be maximized, either for daily shopping, investment or savings.
This is the system that needs to be built so that people can spend money according to their needs, not to fulfill their lifestyle in an uncontrolled way.
Why rich people get richer because they have a plan for every money they have and they understand much better how to multiply money compared to spending on unnecessary needs.

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August 07, 2024, 08:12:40 AM
 #66

What wealthy people do with their money is rarely my issue, I barely survive and there is a saying "when it rains it pours" which is true in my case, I said this month was the last month that we had any financial issues, turned out not so much and still in trouble a lot longer. In the end, if a wealthy person doesn't know how to spend their money, then that is on them and I do not think that we are dealing with anything that makes any sense for me at all.

I think the reliable thing would be focusing on your own life, do not "get ready when you are rich" because considering the situation very few people will go from normal to very rich, get ready for a normal life and just make sure that you do not miss life.

Both save, but also live, do that together and you will be fine, too many people dream of becoming rich, so much so that OP literally asks how to avoid these luxury stuff when we get rich when we are not even rich yet, that makes absolutely no sense. You know what I want to be able to have when I get rich? A full coverage health insurance, meaning that I can be ANY sickness ever, and go to hospital, do not pay a single dollar and leave, I want that insurance, that's my luxury.
Very often people associate a life of extreme luxury with being rich, and while that can be the case, the most important thing about being rich is your ability to afford the very best and improve your life that way.

After all, someone that is rich can afford to buy the very best food, medicines, medical service and other important stuff, assuring that not only they will live longer than the average person, but that they will also have a better overall health as well.
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