self control

[Johnlomape]

is self control enough in this economy?

in order to save money, is it enough to just prevent oneself from buying things unnecessary or limit ourselves to only what is needed to survive? is this a way to live? is there no other easy way aside from earning so much?

sometimes i feel like even with utmost self control you still don’t end up getting rich due to expensive prices and lack of salary in general

I see self control has something we need to make sure we can withstand so avoid taking decisions that can hurt tomorrow. If you have money and you cannot save it, you will finally finish the money unless you invest it in a way that that will bring profits. People need to learn how to invest their money and not gamble with it or spend it on things that are not going to bring profits.
If you don't stick to the habit of keeping your money so you can invest it later, you might end up losing everything without noticing how you have spent all the money. The habit of saving can become very profitable in the future.

[HONDACD125]

I see self control has something we need to make sure we can withstand so avoid taking decisions that can hurt tomorrow. If you have money and you cannot save it, you will finally finish the money unless you invest it in a way that that will bring profits. People need to learn how to invest their money and not gamble with it or spend it on things that are not going to bring profits.
If you don't stick to the habit of keeping your money so you can invest it later, you might end up losing everything without noticing how you have spent all the money. The habit of saving can become very profitable in the future.

It's generally very difficult for a person to have money and still not spend it, especially when they want to buy something, etc. For this reason, there should actually be ways for people to save money in which they won't actually have direct access to their money for a certain amount of time so that they don't get intimidated and spend it. Something like a committee where a bunch of people put money together, and then they draw a name each month, the one whose name comes out in the draw keeps the funds for that particular month, those wishing to save can request that their names aren't added in the draws for the initial months.

One could also keep their money with someone that they trust completely, like their mother, because I believe there is no person on the face of the earth that a person can blindly believe other than their mother because she loves you unconditionally, and she would always take care of your money and give it back to you as it is whenever you ask for it.

[Anayochukwu]

is self control enough in this economy?

in order to save money, is it enough to just prevent oneself from buying things unnecessary or limit ourselves to only what is needed to survive? is this a way to live? is there no other easy way aside from earning so much?

sometimes i feel like even with utmost self control you still don’t end up getting rich due to expensive prices and lack of salary in general

For someone that is interested in saving money then you must learn how to discipline yourself and know your wants from your needs, in this current economy that everyone is trying to survive we need self control in other not to make decisions that would eventually affect our financial life and mess up everything. You don't just need self control alone you also need to back it up with discipline.

[Roseline492]

Because of it so many things has now taken a form of savings for some persons because whenever they receive money is good as exhausted and if they were even getting solve able things with it we could have use it as the reason but instead wasted, so they rely on other people to keep there money, an inevitable problem is what somebody should solve no matter how long it takes them to control it because they cannot live a depending live were as there poor self control will make them involve people on what they shouldn't have known about the person. Discipline creates focus and filter the minds because it doesn't give space for misleading and a rush into anything.

This is why I create debt, much stupider version of saving, but works. Because I get the money upfront, and use it on whatever investment or whatever, and then I pay the bank back, that way I am forced to save. And I get loans in size of I can pay without cashing out my investment, like directly from my salary. Latest was like 100 bucks per month, very small, but it paid for almost all my personal debt (wife still has some) and I have all my salary opened up.

If you cannot hold yourself when the regular one is coming definitely you might not also hold yourself after getting the upfront money because is just the same thing as the normal one which you can use it the same way. Should we call this a strategy of make you save money or strategy of discipline? Because I'm surprised to see someone that's using this method so that they will make use of there salary. Actually this strategy is something that will not work for me because I cannot just be taken money upfront through borrowing just to secure and use my salary to pay off those debts, well you alone knows how effective is working for you.

[Pearl_20]

Multiplying your means of income is another way which you can keep up with life. Self control or being a disciplined person is good because it helps you to restrain yourself from just buying or living life how it pleases you, and it also helps you to be on check.

But then, the thing is investing or if you want to save it should be something for long term and you know no matter what happens you won't you won't touch the money till the stipulated time.

Needs are always meant to be met, and that includes both families, and even friends as well there are times you even go out of your way to touch the ones you've saved, the rate at which prices of items are increasing is alarming and it just tells everyone to invest, and increase their means of income..

[Unknown Op]

Because of it so many things has now taken a form of savings for some persons because whenever they receive money is good as exhausted and if they were even getting solve able things with it we could have use it as the reason but instead wasted, so they rely on other people to keep there money, an inevitable problem is what somebody should solve no matter how long it takes them to control it because they cannot live a depending live were as there poor self control will make them involve people on what they shouldn't have known about the person. Discipline creates focus and filter the minds because it doesn't give space for misleading and a rush into anything.

This is why I create debt, much stupider version of saving, but works. Because I get the money upfront, and use it on whatever investment or whatever, and then I pay the bank back, that way I am forced to save. And I get loans in size of I can pay without cashing out my investment, like directly from my salary. Latest was like 100 bucks per month, very small, but it paid for almost all my personal debt (wife still has some) and I have all my salary opened up.

If you cannot hold yourself when the regular one is coming definitely you might not also hold yourself after getting the upfront money because is just the same thing as the normal one which you can use it the same way. Should we call this a strategy of make you save money or strategy of discipline? Because I'm surprised to see someone that's using this method so that they will make use of there salary. Actually this strategy is something that will not work for me because I cannot just be taken money upfront through borrowing just to secure and use my salary to pay off those debts, well you alone knows how effective is working for you.

Self control is necessary for every person who want to be wealthy in the young age . People have time but they are not investing their money on useful things and that is the reason they are not rich . People want to spend their money on costly things which are showing the lifestyle of person. People are doing struggle for the things which are useless because they are doing job And best is that they should work on their goal which will make them financial free . People are doing hard work but that is not worth. Money is important in life because we have no worth without money and people should invest their most of the Money on best investments.OP made some different topic And he has no idea how to describe your point because he did not explain anything.

[Mame89]

is self control enough in this economy?

in order to save money, is it enough to just prevent oneself from buying things unnecessary or limit ourselves to only what is needed to survive? is this a way to live? is there no other easy way aside from earning so much?

sometimes i feel like even with utmost self control you still don’t end up getting rich due to expensive prices and lack of salary in general

Self control is essential for achieving financial well being. However self control alone isn't enough there are many other factors we must manage to improve our financial management especially in today's uncertain economy.

Besides the cost of living is actually cheap it's your lifestyle that makes it expensive. Essentially when people feel undervalued, they will show off their existence to others. Therefore this requires not only self-control in spending but also in emotional self control.

If you lack financial knowledge you'll be trapped in a lifestyle especially in the digital age. With the many temptations of social media platforms like TikTok, YouTube, IG, FB, X, and others, and the ease of incurring debt, many people unknowingly make mistakes in managing their finances. This is why many people, even when their careers are thriving, their businesses are growing, and their income is increasing, find themselves with ever-increasing debt instead of increasing assets.

[BitBakerr1]

Self control is very important in order to be successful in life if you don't have self control in some financial spending you won't be able to succeed as a businessman, entrepreneur or investor, you need to have self control you don't need to buy everything you see or spend your money in everything you see.
The reason why I have been able to be consistent in my bitcoin investment is because of having self control in my financial spending there are some things I don't buy and there are some places I don't go and the reason is because I don't want to spend money on those things so one needs to have self control financially before he or she can succeed in any investment or business.

[Cheema02]

Self control is a key ingredient that is Needed for anyone who is thinking about financial success because for one to become financially stable in the absence of a stable income or source of income then such a person must be disciplined in the area of financial management, which is were self control comes in you must avoid unnecessary expenses.

Yes, you are right self control is eseential for anyone who has an aim to financially stable. If we don't have self control our stable income can be mismanaged which will lead to financial instability. If someone has limited income and he don't have self control he will be destroyed. So self control is very importsnt for people who has limited income. Self control allow us to control our wishes and wants so that we prioritise our needs over wants. We shoudl develop strong habits like saving, mangaing and avoiding debt in order to have self control. It doesn't mean we shouldn't make pleasure or spend over our adventures but we have to spend with control taking everything in mind that this money can be helpful in a lot of ways in our business. Many people start from a smaller scale but their results are massive they own wealth with their consistency. All the factors that make someone a rich or successful are self control and management.

[slapper]

is self control enough in this economy?

in order to save money, is it enough to just prevent oneself from buying things unnecessary or limit ourselves to only what is needed to survive? is this a way to live? is there no other easy way aside from earning so much?

sometimes i feel like even with utmost self control you still don’t end up getting rich due to expensive prices and lack of salary in general

Self control is essential for achieving financial well being. However self control alone isn't enough there are many other factors we must manage to improve our financial management especially in today's uncertain economy.

Besides the cost of living is actually cheap it's your lifestyle that makes it expensive. Essentially when people feel undervalued, they will show off their existence to others. Therefore this requires not only self-control in spending but also in emotional self control.

If you lack financial knowledge you'll be trapped in a lifestyle especially in the digital age. With the many temptations of social media platforms like TikTok, YouTube, IG, FB, X, and others, and the ease of incurring debt, many people unknowingly make mistakes in managing their finances. This is why many people, even when their careers are thriving, their businesses are growing, and their income is increasing, find themselves with ever-increasing debt instead of increasing assets.

Money does not purely derive out of discipline and knowledge. It is the outcome of going through a cultural economy where individual identity is continually locked with patterns of spending. People do not just buy things. They purchase membership, identification, even self respect. That is why social media has such a grip: it is not just "temptation", it is an alternative system of value where assets are not houses and savings accounts, but attention and digital presence

The statement that, "Cost of living is cheap, lifestyle makes it expensive" is half truth. Maybe to somebody living in country areas whose basic needs are satisfied. However, city life proves the opposite: it is difficult to explain to a young employee in New York, Lagos, Jakarta, or London that the cost of living is not expensive. Inflation in essentials outran wage gains almost everywhere hence lifestyle inflation becomes the illusion of choice. Yes, you can afford to do without the Starbucks, but you cannot afford to do without the rent increase

The rational result of this imbalance is debt. It is not only because people are weak-willed. This is due to the fact that modern economies rely on consumption debt to continue onwards. This is why liabilities escalate more quickly than the income does; the system rewards spending more, and punishes saving by destroying currency value

[passwordnow]

Self control is essential for achieving financial well being. However self control alone isn't enough there are many other factors we must manage to improve our financial management especially in today's uncertain economy.

It is not enough because even if you have the self control when your income is unstable, the economy will still hit you hardly. While it's one of the good reasons why people are successful today, adding it up with good financial knowledge makes someone even better.

Besides the cost of living is actually cheap it's your lifestyle that makes it expensive. Essentially when people feel undervalued, they will show off their existence to others. Therefore this requires not only self-control in spending but also in emotional self control.

I think that most of the cost of living has risen and that makes it expensive for most of the countries. While there are still areas and countries where cost of living is cheap but that also gives more spending power to those who are there which wants them to use more of their money to anything they wish to. And so, that's when self control gets in, to save that money instead of spending it to unimportant things.

[coolcoinz]

This is a really hard thing to maintain and but not overdo and become a miser.

You need to control your spending, but you also have to spend money from time to time, even go crazy like once or twice a year.
Life is short, you want to be happy and buying things that you can have fun with is something that makes us happy, right?

I have self control because I can have $10k laying around in the drawer and not feel the need to spend it, but I also buy things when I feel like it. For instance, when bitcoin broke $100k I sold some and bought myself and my family a few things that we needed for a long time.

[Adams0001]

You will never get rich in life by saving money, because inflation comes, which will definitely affect your money, no doubt about that. The best way to get rich is by taking risks, and if you are not ready to take risks, you will hardly get rich. That is just the fact. But other people think you can get rich by self control, yet that will only happen if you dedicate yourself to investment and stop unnecessary spending, just to invest more for your future. If you are concerned with the luxury lifestyle, you will definitely stay where you are without improvement, and luxury lifestyle pays nothing. It only helps to run down your account balance.

So, self control is good if you are investing and not afraid to take risks. But if you are hoping to get money by luck, then you are deceiving yourself, as the chance of luck is 0.01% out of 100%. It is not a possible thing for everyone. You need more experience and risk taking before you can get rich.

That is just the fact,  you can never become rich by just saving money. You need to invest an get profit that can probably make you rich. Because if you are saving and spending he won't increase expect you are topping it through your investment profit or business. Nothing can be easy if you need fast money you need to face many challenges before you get rich That is why many people prefer to be investing there funds then keeping it in the bank because he won't have any value and you will be losing when bank start charging for the maintenance. That is why knowledge is power when you are educated you will definitely know what to do and make you double your funds because is only investment make you get huge profit and make you balance and plan more higher, keeping money is nothing because is not bringing any interest.

[Leahized]

is self control enough in this economy?

in order to save money, is it enough to just prevent oneself from buying things unnecessary or limit ourselves to only what is needed to survive? is this a way to live? is there no other easy way aside from earning so much?

sometimes i feel like even with utmost self control you still don’t end up getting rich due to expensive prices and lack of salary in general

I never think. Save money can anyone be rich. If you can properly use the money you earn and make a profit. Then one day you can own more money. Many people spend money in an unnecessary way, it should not usually be done by a person. They all buy goods considering the requirements. Most of the time I think, it is better to buy good things than buy bad things with less money. It makes it very strong and strong.  I never think it is unnecessarily spent. Whatever salary you get, it should be spent properly and learn to take risks with that money. Because if you do not risk, you will never be rich.

[bubilas]

This is a really hard thing to maintain and but not overdo and become a miser.

You need to control your spending, but you also have to spend money from time to time, even go crazy like once or twice a year.
Life is short, you want to be happy and buying things that you can have fun with is something that makes us happy, right?

I have self control because I can have $10k laying around in the drawer and not feel the need to spend it, but I also buy things when I feel like it. For instance, when bitcoin broke $100k I sold some and bought myself and my family a few things that we needed for a long time.

And this is absolutely the right behavior. There's no need to spend your entire life saving and hoarding cryptocurrencies in an attempt to multiply them through investments or casinos (or betting). We only live once. And so I always feel sorry for those who take saving to the extreme, skimping on their health. Our health is an investment that, in the long term, will become our most important asset in old age. Money should always come second to health and family happiness.

[jostorres]

Self control is necessary for every person who want to be wealthy in the young age . People have time but they are not investing their money on useful things and that is the reason they are not rich . People want to spend their money on costly things which are showing the lifestyle of person. People are doing struggle for the things which are useless because they are doing job And best is that they should work on their goal which will make them financial free . People are doing hard work but that is not worth. Money is important in life because we have no worth without money and people should invest their most of the Money on best investments.OP made some different topic And he has no idea how to describe your point because he did not explain anything.

While it is true that self control is important (and not just young age, it's important at every age) sometimes it's not enough. Many have talked about this before, self control would give you a good base to invest, like you would save money and you can invest with it.

However, rest is even more important, you have to smartly use that money and if you only invest and not do something with it, then you are not going to get wealthy. No matter what you do, if you simply just buy bitcoin anytime you save money, you will retire to a good life, but you will RETIRE to a good life, meaning it will take time. If you want to be rich at young age, only way to do that is either get super lucky with some lottery odd thing, or you have to start a business.

[Mhizlove]

is self control enough in this economy?

in order to save money, is it enough to just prevent oneself from buying things unnecessary or limit ourselves to only what is needed to survive? is this a way to live? is there no other easy way aside from earning so much?

sometimes i feel like even with utmost self control you still don’t end up getting rich due to expensive prices and lack of salary in general

Well I will say that self control is very important, because it's not how much you earn that determines how rich or wealthy a person is. Let me use a friend of mine as an example, if he wants to get something important he limits on how much he spends and saves up for that particular thing. It's not about him not having the money for it but it's just his aim is to get that particular thing he wants so badly.

However, someone can still not spend unnecessarily and yet end up not getting rich. Normally spending can be controlled but that does not stop someone from spending money, as it's part of life's daily activities

[SOKO-DEKE]

sometimes i feel like even with utmost self control you still don’t end up getting rich due to expensive prices and lack of salary in general

Yes, being self controlled is not the only way to get rich, but it is part of the many ways someone can become wealthy. If someone lacks self-control, it will be hard for that person to be disciplined. And when someone is not disciplined, it becomes difficult to get rich even if they have multiple sources of income or receive a huge salary.There are people whose parents were very wealthy, and they inherited that wealth after their parents passed away. But because they lacked self control and discipline, they became poor again.We can only build lasting wealth if we are disciplined, because that is the only way a person will avoid wasting money on unnecessary things and instead focus on creating opportunities for multiple sources of income which will be generating income.

[Versatile_choice]

is self control enough in this economy?

in order to save money, is it enough to just prevent oneself from buying things unnecessary or limit ourselves to only what is needed to survive?

As for those guys who are managing to survive or trying to meet thier target in life of course is very important to reduce your level of spending if you're this set of people that like spending in luxury or something that will become a liability to you, the moment you  figure out what you need to save yourself in some stress then you have to start limiting from those unnecessary spending you have been doing before so as to enable you achieve you target on time. because if you keep doing those spending at same time chasing your goal you may not be able to meet up on time, so to avoid delay we have to limit from those  unnecessary spending.

[HajiBagi]

You will never get rich in life by saving money, because inflation comes, which will definitely affect your money, no doubt about that. The best way to get rich is by taking risks, and if you are not ready to take risks, you will hardly get rich. That is just the fact. But other people think you can get rich by self control, yet that will only happen if you dedicate yourself to investment and stop unnecessary spending, just to invest more for your future. If you are concerned with the luxury lifestyle, you will definitely stay where you are without improvement, and luxury lifestyle pays nothing. It only helps to run down your account balance.

So, self control is good if you are investing and not afraid to take risks. But if you are hoping to get money by luck, then you are deceiving yourself, as the chance of luck is 0.01% out of 100%. It is not a possible thing for everyone. You need more experience and risk taking before you can get rich.

You are right, without risk, you cannot get rich; in this life, you have to take the risk to be able to achieve what you want, people who we see today as successful people take the risk and take advantage of the opportunity to achieve their goals; it is not written in anyone that we are going to get rich in the same way, however, we should try to take risk in different ways to know where we are destined to get rich, people who take risk are human like us and they did not have magic or two heads.

As a young person, you must remember that you will face many challenges in life, and you must face those challenges without fear. Saving our money in a bank account will not only help us to become rich because at the end we will only have the amount we saved, but by taking the risk and investing in bitcoin and being patient with the investment, we will achieve something we never imagined.