self control

[Gozie51]

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

Expensive prices does not deter someone from getting rich because even rice people thrive in expensive things. Have you thought of that?

Have you observed that some rich people don't buy cheap things, they buy expensive cars, jets, jewelleries, drinks and what have you. They do that because they have money and the money keeps coming. So what do you think is the secret? Diversification They have diversified into different business areas and they get profit from those different areas. So even with inflation, bad economy they are still doing fine financially.

Therefore, the most important thing is the capital. If you have capital then you diversify into different lucrative businesses then the economic hardship won't hold you back from increasing financially.

Rich people spend alot of money sometimes frivolously but they have different ways that they get those money back unlike some who depends on just one sided income or no income at all. The poor will surely be mindful of what to spend money on because of limited resources. The lesson is to diversify in investment.

[Stepstowealth]

is self control enough in this economy?

The purpose of self control is for you to be in a position where you will always have money to fully engage in any money making opportunity that comes up. You do not get rich from saving, but from using the money saved. What this simply means is that if you cannot be disciplined enough to practice self control, you will miss most investments opportunities that have the potential to change your life positively.

Self control is likewise important for preservation of wealth.

[Pablo-wood]

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?

Self control works but I don't think its the best option. There is a level to which we prevent ourselves from buying the so called unnecessary things and end up being trapped in a cage of deprivation such that even after making the money or having enough to meet up our daily needs we just can't touch our savings because we feel it is unnecessary and we miss out on life experiences

[AVE5]

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?
syscausi
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

Disciplines will always be a major form to suit the situation. It doesn't matter whether you're rich, average or less privilege. Nomatter how wealthy you maybe, if you undermines disciplines and lavishly spending above your incomes, you're definitely going to get broke somewhere in the future so, it's expected that we adjusts our manner of spending not just based on the condition of the economy but the values of our incomes.
With the nature of the economy pandemics being more terrifying as inflations erupts in the due times, it's obvious that those holding their funds in the banks for long term suffers the most because the fiats in question looses it values against the inflations. So to curb this tension as cost of living gets high, it'll be necessary to "cut your coat according to your size" if your income must survive you in the long term. So after considering disciplines, it's of essence to have alternative source of incomes especially investing on where the value of your funds would have the potential to maximize the values of your funds even during inflation.

[KiaKia]

If your goal is to become rich make sure you put your health in the same level as how much you want to get rich, many people don't look after their health until things start happening with their body.

Saving so hard to invest later isn't easy and some work are more harder than the others, if you are into heavy work or jobs it is wiser to look after your health, always go for checkup every six months Max.

Don't be greedy with your health, don't wait until you get rich before you look after your health, it could be over already before your dream come true, I know two people that passed away this way, they give all they can but ignore their body and health.

[₿itcoin]

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

Yeah self-control helps a lot, that's for sure, but when the unbridled price increases and wages don't work in your favor, that alone won't make you rich. I would say that when you budget hard and cut your spending, you automatically create a safety net, but if you want to survive long-term, these are not enough, then you need an additional decent income from a side job or other sources. Along with that, you need a smart investment plan, these will protect you against inflation. You know saving more of a meagre pay cheque only goes so far because real wages have been low in many countries since the covid pandemic.  so nowadays if youre not investing or making more money, rising living expenses will eat away at your savings. 

So, sensible course of action imo is to reduce your expenses while actively focussing on your income & investments, cause only cheap frugal living by itself usually doesnt work as a wealth plan, mate..

[Accardo]

Self control works but I don't think its the best option. There is a level to which we prevent ourselves from buying the so called unnecessary things and end up being trapped in a cage of deprivation such that even after making the money or having enough to meet up our daily needs we just can't touch our savings because we feel it is unnecessary and we miss out on life experiences

Self control doesn't stop at savings alone, it's what lifted most investors of this century into building their dream tools and machines. Self control can be on quality rest, holding our self accountable that we'd make sure to sleep at a specific time and wake up in due time to follow our dreams. Being in charge of the body we own, helps a lot, in achieving our goals. It's discipline and with silence added to this measures any human wouldn't regret stepping into any journey of life wish they've chosen.

[Nahl]

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 have been used this method before that when i got the monthly salary i was only spend for necessary thing and holding back to avoiding to buy the things i really liked and indeed i can see the money into my bank account increasing for every month because i can saving money but unfortunately i still not to being rich and if the goal is want to be rich i think this method is clearly wrong because the money value will be decreasing following the inflation and to growing money i think investment is the best way but choose only good for long term and rich people don't saving more their money into the bank but usually they will look for investment tools who have potention to grow in the future

[Jubilee58]

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

Elon musk said "the rich people invest their money, the average people save their money in the bank and the poor people eat their money". This means that you can never get by saving your money in the bank.
If you are drawing scale of preference by only buying those things that are most important to you, that is not wrong because is always the case when someone don't have enough money there have to be some foregone alternatives.

When you look at the world economy today, the richest people are the investors, the entrepreneurs who are willing to take genue risk and take advantage of business opportunities .
In nutshell you can only become rich when you invest your money and not when you save your money in the bank.

[coupable]

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?

In a mdern society adopting the consumption culture model, it's not easy to get rid of all the necessary stuff we buy during whole life because this is what determined anybody statu in his community. If you don't own a house with three bedrooms and two bathrooms, you are not able to marry or have a partnership family even if you are aiming to have one child or not even have children at all. In societies, they give employees bonuses like travels or consumption tickets to buy foods from restaurants. The culture of eating in restaurants itself is a consumption phenomena because we build kitchens within our houses and we should be able to cook our meals by ourselves.

[Findingnemo]

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 guess you are talking about saving a part of their salary by spending less money than they are doing and will that make them right?

Nope? it will not, but it will give better breating space, a little money in their hands that will be the first step of the big change, once they started saving money then they can invest, even someone who is not saving thousands of dollars every month still can make good returns if they are consistent and started early as possible.

[WillyAp]

is self control enough in this economy?

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 bought a house with hunger. It depends how much suffering you master to maintain course.
Many religions tell you to invest a third, save a third and spend 40% on yourself.

[yixichloro2xx]

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

A control doesn't assured a person to be rich but what it does for you is that it changes how you use your money because you cannot have that control and still be using money on the things that doesn't matter, although the rich could also emerge from having a self control because is one of the factors that eradicate distortion of positive conviction by creating the belief that the only way those dreams they have would come to reality is when they think towards it and not just thinking but also cutting off some of the over usage of funds they usually do so that enough money will come out through there savings and channel to something resourceful. You are also right because not all the poor people today lack control because they actually have it but there is no finance or income provider.

Perhaps self control plays a role in managing money wisely but it cannot on its own create wealth if there is no steady income to manage in the first place. Saving from what you already earn is only possible when that earning is above your basic needs and this is where many people struggle. Even if someone practices strict discipline the lack of sufficient inflow limits how much can be saved or invested. What really changes a person’s financial standing is combining self control with finding ways to grow income streams so that there is always something to allocate toward long term goals. Without that balance self control only prevents waste but never really opens the door to growth.

[retreat]

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

You won't become rich even if you reduce your expenses to a minimum, because becoming rich isn't about saving, but rather investing and growing your income. Simply reducing your expenses is only a short-term solution, but it won't help your life in the long run. So, it's better to invest and continually look for ways to increase your income, while also managing your finances wisely. This way, you can improve your situation in the future.

[batang_bitcoin]

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

So saving, investing, having self control and yes, earning more. Being into these will make you survive these tough moments of the economy. Self control isn't enough to be rich. I think if you want to be rich, you need to earn more, save more and invest more. Or you can remove the save more and just put that money to something will generate more like in Bitcoin. You'll end up with more of it and all you have to do is to make sure that it's placed on an asset that you know and will have a better future or a high chance of being successful.

[SUPERSAIAN]

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

There are many ways to earn extra money. You can find them by researching further. Without self-discipline, you'll continue to spend your money on frivolous spending, and your monthly earnings will run out every time you want to buy something. By saving money with self-discipline and investing that money in assets like Bitcoin and gold, you could one day become even richer.

If you have self-discipline and can't manage your spending, you won't even get one step closer to rich.

[eightdots]

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

You won't become rich even if you reduce your expenses to a minimum, because becoming rich isn't about saving, but rather investing and growing your income. Simply reducing your expenses is only a short-term solution, but it won't help your life in the long run. So, it's better to invest and continually look for ways to increase your income, while also managing your finances wisely. This way, you can improve your situation in the future.

One way to become rich isn't by spending less. By spending less, you contribute to your own finances and save more. While avoiding unnecessary spending after determining your needs won't make you rich, it will contribute to a better economy.

Proper investments and managing your finances effectively by creating multiple sources of income are some of the best ways to become wealthy, but doing so doesn't always guarantee achieving wealth.

[tabas]

You won't become rich even if you reduce your expenses to a minimum, because becoming rich isn't about saving, but rather investing and growing your income. Simply reducing your expenses is only a short-term solution, but it won't help your life in the long run. So, it's better to invest and continually look for ways to increase your income, while also managing your finances wisely. This way, you can improve your situation in the future.

This is reality speaking. Even if you're the best budgeting guy in the world, it's not enough because expenses will keep its cost on the rise even how good you are with it. Investing is the way to become rich, if you can't get a high paying job. This is your best bet to become rich or at least live in the middle-income earners. Having a full time job and some side hustles will also keep up with the inflation and high cost of everything. Also, try to lessen the other expenses. Small amounts of your subscriptions could pay for your other bills or could be for other assets that you can have.

[Japinat]

Saving alone won’t certainly make you rich. No matter how disciplined and determined you are, if you don’t take risk and invest, you will never get rich in the process.

However, I have to agree that saving these days is seriously a matter of self-control and discipline, most especially that inflation is high which affected prices of our daily goods and services. If you don’t have self-control and discipline, saving will always remain a plan and goal, unless application starts to be seen.

[Stalker22]

~

Well, from my perspective, living off of the bare minimum and cutting out unnecessary spending is a survival tactic - not a wealth building strategy.  Its a way to get by, not to get rich.  You can have the worlds most stringent self-control, but with little income, you wont be able to save very much.  And there is only so much you can cut.  You cant budget your way out of a minimum-wage for example.  The math simply doesnt work.

Dont you think the real question is not about your spending, but about your income?