Earning More doesn't Fix it,Financial Discipline Does

[Kasabus]

Income without discipline is like pouring water into a basket? The question is where is all the money going? Certain amount of money can't fix some people's problem, even if their salary is increased it's not going to be enough, you think that everyone isn't serious that's why they are throwing money away? That's not true.

In today's world it's becoming less to see people who work hard and waste the money away because the money was never enough to begin with, I know someone who works alot and every money he made goes into bills alone, for someone like him to have something left for himself a double salary won't be enough..

The best way to say this if I were you is that money fix a lot of nonsense, for many people in the world today more money will help them a lot while there are those who just work hard for nothing because they don't even know why they are working so hard only to end up wasting the money later.

Good point. More money means you have been saved a lot of tough times because you have bigger amount of income. So money is certainly very useful for those who are working hard in order to achieve their goals and pay their bills without issues.

However, for those who are just working and gain privilege to be paid at a higher rate, they may not see its real value unless if they have experienced financial crisis in the past. Discipline plays a vital role, but one cannot understand why there should be discipline when he's not going through financial struggles.

[coupable]

Therefore,More money doesn’t fix poor money behavior. It exposes it.More money fixes cash-flow problems.It does not fix character, habits, or thinking problems.Fix the person,the habits then the money follows and stays!

If you're not judicious with little, there's no way you're going to be judicious when you're blessed with more. Financial prodense is neccesary right from the little you have to tye time when you are blessed with more.

If you are an employee with a fixed monthly salary, with limited expense, then you wake up tomorrow to find that you inherent millions of dollars from your ancle who was a gold miner in South Africa. Would you stay reasonable and keep spending with same limited expenses? Remeber that you have a fixed salary job and know nothing about gold mining or business world. By answering this question, you will see that response is not that accurate in this context.

[Josefjix]

The only solution to this problem is leaving below means of income, no matter the rise of salary or more earnings. Leave below your means for better leaving and never leave to impress the society because they does not care, nobody cares. Many falls into this trick because of societal pressure, societal validation and more.

Psychology of money states that, been able to withstand pressure during the bear seasons and never have to touch your investment no matter crashes, your NO is NO, your YES should be YES no matter the challenges that may arise.

Stay true to yourself and never bend to fit in what society has to say, winning that is equals to richness.

[Kelvinid]

Earning more does not make you financially secured, but once you apply discipline into it, even if you earn not so high amount, you will increase chances from not suffering financial pressures in the future.

Opportunities will always be present if you want to increase your income as long as you have reliable skills, but having to achieve financial discipline, that requires a consistent practice and exposure so that you will learn more how to value your money and grow it.

[Hanadawa]

Earning more does not make you financially secured, but once you apply discipline into it, even if you earn not so high amount, you will increase chances from not suffering financial pressures in the future.

Opportunities will always be present if you want to increase your income as long as you have reliable skills, but having to achieve financial discipline, that requires a consistent practice and exposure so that you will learn more how to value your money and grow it.

If your monthly salary is still 10x your current salary, I agree that a lot of money doesn't guarantee financial security. But if you suddenly receive an inheritance from a billionaire, calculated to be 100x your current salary, I think financial discipline becomes easier, and you don't need to practice financial management and discipline with such precision and planning. Super-rich people find it easier to invest in many places, then forget about it, letting their money work for them. On the other hand, they can still afford to buy houses and cars whenever they want. What makes them bankrupt is if they waste money and waste it on things they don't really need, like gambling, starting businesses they don't understand, or buying prestige and popularity. If they live a normal life, buying luxury homes and cars, branded watches, and investing in blue-chip stocks, I think it's almost impossible for them to lose all their money.

[Findingnemo]

If money alone made people wealthy, salary increases would end poverty.We live in a society where people believe the solution to financial struggle is simply “more money” ,"so much money", "plenty money."But history and everyday life prove otherwise.People earn more,yet their bank accounts remain empty. Why?Because income without discipline is like pouring water into a basket.

When money increases, lifestyle often increases faster too,new phones, bigger houses, more outings, louder status symbols, irrelevant expenses Instead of investment starts rising.Instead of wealth growing, expenses grow muscles.The problem isn’t income;it’s habits.
True wealth is built through intentional choices: budgeting, delayed gratification, investing, and understanding money psychology. Those who stay broke after earning more didn’t upgrade their mindset,only their spending.

Therefore,More money doesn’t fix poor money behavior. It exposes it.More money fixes cash-flow problems.It does not fix character, habits, or thinking problems.Fix the person,the habits then the money follows and stays!

You forgot to touch the inflation part that is one of the reason why people don't have any money left even if they are earning more than the previous year. But lifestyle inflation is real and people are manipulated by all kind of advertisements and think that they need to buy the new Iphone every year or they will be considered as poor by society.

Making mony is the first step then they need to save it and then they need to invest it, that is how they can build their wealth over time. But this is not the only way to become rich in this 21st century.

[Accardo]

Making mony is the first step then they need to save it and then they need to invest it, that is how they can build their wealth over time. But this is not the only way to become rich in this 21st century.

Building more opportunities is the way to fix it, income earned is limited, whether increased or not, the person has no chance to scale, he or she only thinks of spending within their own limit. But at the disposal of an extra job opportunity, spending would be more channelled, the limited salary could go to savings, while the side work would tackle expenses. Nothing beats this method.

[Lida93]

When you spending more than you're saving you would become poor eventually and would in no time use your savings and be left with nothing but penury. What changes our lives is the type of choices we make, when money increases you can either go with the choice of saving more to later invest into several real assets or you could either want to live the kind of life that bars you from having something left to be saving for future investment purposes because you choose to skyrocket your spending beyond normal.

[junder]

If we can't manage our money wisely with even a small amount, the same thing will happen when we are blessed with more. Money management is certainly important, and even if we have a large income but basically there is no good money management, then even a large income cannot make us better, so the problem is money management, not low or high income, but surviving on a low income is not easy even with good money management.

[lizarder]

When money increases, lifestyle often increases faster too,new phones, bigger houses, more outings, louder status symbols, irrelevant expenses Instead of investment starts rising.Instead of wealth growing, expenses grow muscles.The problem isn’t income;it’s habits.
True wealth is built through intentional choices: budgeting, delayed gratification, investing, and understanding money psychology. Those who stay broke after earning more didn’t upgrade their mindset,only their spending.

This means there's a mistake in financial management, or perhaps a lack of financial management, so even with more money, they're unable to correct bad lifestyle habits. Essentially, this is more about an individual's ability and how they view change based on their ability to achieve a better life. That's why managing finances wisely and being able to see the important aspects of a better life are much more important. Sometimes, when someone earns a lot of money, their lifestyle changes, and they can no longer see a balanced direction in life.

This is a problem most people experience because sometimes having more money actually makes it harder to manage normal life as usual due to demands, excessive lifestyles, or more wasteful spending. If the mindset doesn't change, money will control the person because they think that with money they can do whatever they want, when in fact, we should be the ones controlling our money.

[bitzizzix]

It's true that whatever income we earn, if not managed properly, will be wasted in the long run. In the short term, we may enjoy it temporarily due to our ego, but in the future, we will have nothing, and that is a great shame. The future, when we retire or grow old, is something we should think about and plan for as early as possible while we still have income, so that we don't experience difficulties or burden others when we retire. Therefore, it is very important to manage and create a budget so that money is well controlled and can be set aside for savings and investments, because both are very important for our life journey and future and must be set aside strictly and with discipline.

[Jateng]

If money alone made people wealthy, salary increases would end poverty.We live in a society where people believe the solution to financial struggle is simply “more money” ,"so much money", "plenty money."But history and everyday life prove otherwise.People earn more,yet their bank accounts remain empty. Why?Because income without discipline is like pouring water into a basket.

When money increases, lifestyle often increases faster too,new phones, bigger houses, more outings, louder status symbols, irrelevant expenses Instead of investment starts rising.Instead of wealth growing, expenses grow muscles.The problem isn’t income;it’s habits.
True wealth is built through intentional choices: budgeting, delayed gratification, investing, and understanding money psychology. Those who stay broke after earning more didn’t upgrade their mindset,only their spending.

Many people around me are considered wealthy because they have a lot of money and everyone wants to reach that level. But at the same time, I notice that many of them have very poor spending habits. I believe that being wealthy does not only mean having lot money it also means having discipline. Money alone is not enough to solve financial problems and it cannot bring discipline into someone’s life by itself. I have a friend who earns a good salary and has a healthy bank balance, yet he still struggles financially. The reason is simple he spends too much on parties and on expensive mobile phones instead of planning for the future.

[Royal Cap]

When you spending more than you're saving you would become poor eventually and would in no time use your savings and be left with nothing but penury. What changes our lives is the type of choices we make, when money increases you can either go with the choice of saving more to later invest into several real assets or you could either want to live the kind of life that bars you from having something left to be saving for future investment purposes because you choose to skyrocket your spending beyond normal.

But In reality, many people can not accept this. It has become a natural habit for the people to increase their spending as their income increases. Then it seems that if you don't like it now. You won't have time later but gradually you see that savings is decreasing and sense of security is also disappearing In my opinion the real difference comes in the place of choice. If you want you can build a strong foundation for the future with the same income by being a little less extravagant or if you want you can also ruin the opportunities of the future for the comfort of today. In the end it is not the amount of money, but the use of money that determines life.

[Oluwa-btc]

Lack of financial discipline is the reasons why you see many people who earn well but still live from paycheck to paycheck.People fail to realize that earning more is not enough,you need to be more too.Money doesn’t respect how much you earn;it respects how you manage it.So financial discipline is the foundation,while earning more is the accelerator.

[wozzek23]

When you spending more than you're saving you would become poor eventually and would in no time use your savings and be left with nothing but penury. What changes our lives is the type of choices we make, when money increases you can either go with the choice of saving more to later invest into several real assets or you could either want to live the kind of life that bars you from having something left to be saving for future investment purposes because you choose to skyrocket your spending beyond normal.

This is both true and wrong. You do not have to save more than you spend, you have to earn more than you spend. If you are saving 50%+ of your income, that would mean you save more than you spend and that is not likely, you would need to be a millionaire to be able to do something like that.

Nobody I have ever met in real life could save more than they spend ,that is not possible. What you mean is have bigger income than your spending so that you would have some savings, and yes that is very important to do, I am failing at the moment but I am getting better and if I can earn more than I spend then I am going to buy bitcoin with all the money that I put aside and keep doing that until next bull run comes so I can sell at peak.

[Sanitough]

Earning more money is a not a guarantee towards living a good and peaceful life, and at the same time not an answer to poor financial management. We need more than that, we need more discipline that could lead us into doing what's right, than to think what's right for us. Although I agree to the idea that money is the ultimate goal, but even if we have so much money in life but without discipline and willingness to learn, everything will still get vanish in the long run.

Discipline in all aspects is what we need the most, having financial discipline is a good start.

[fortunecrypto]

Therefore,More money doesn’t fix poor money behavior. It exposes it.More money fixes cash-flow problems.It does not fix character, habits, or thinking problems.Fix the person,the habits then the money follows and stays!

That's the human structure of behavior: the more they earn, the more they want, and most of the time, their wants are not commensurate with their earnings, so they end up penniless.
People only realize this when they reach rock bottom. They only discipline themselves and learn to earn when they have to, to the point where they have nothing left and wish they had been given the chance to earn the way they used to.

[barisbilgili]

Earning more money is a not a guarantee towards living a good and peaceful life, and at the same time not an answer to poor financial management. We need more than that, we need more discipline that could lead us into doing what's right, than to think what's right for us. Although I agree to the idea that money is the ultimate goal, but even if we have so much money in life but without discipline and willingness to learn, everything will still get vanish in the long run.

Discipline in all aspects is what we need the most, having financial discipline is a good start.

I think both must be balanced, we must be disciplined in managing finances but besides that we also have to have a large income so that all needs are met because financial discipline alone is not enough to solve problems especially for someone who has many dependents so first of all we must be able to earn money that is able to meet all needs first after that financial discipline is important if not so I think it will be the same, financial problems will always exist for those who do not earn enough money.

[bisdak40]

Income without discipline is like pouring water into a basket? The question is where is all the money going? Certain amount of money can't fix some people's problem, even if their salary is increased it's not going to be enough, you think that everyone isn't serious that's why they are throwing money away? That's not true.

In today's world it's becoming less to see people who work hard and waste the money away because the money was never enough to begin with, I know someone who works alot and every money he made goes into bills alone, for someone like him to have something left for himself a double salary won't be enough..

The best way to say this if I were you is that money fix a lot of nonsense, for many people in the world today more money will help them a lot while there are those who just work hard for nothing because they don't even know why they are working so hard only to end up wasting the money later.

I agree, if the salary is increasing people without financial discipline will spend more than their means I really see a lot of people with that kind of spending habits and it not ends well sometimes it empties their savings. That is why being financially discipline is important because you know how you manage your money because their are unexpected times that we really need money for like emergencies so we can have extra funds to spend If we know how to handle our money.

[Leahized]

This is nothing but facts, Money doesn't fix anything if your mindset is poor, there's a reason why they said poverty is a mindest and not the absence of physical currency, you can hand over millions to someone that has a poor mindset and the person would end up going back to square one. The problem is not about earning a higher amount it's about building discipline and understanding financial management.

If a poor person is given more money, he will strive to move to a better position. But at that time, his mentality may change. If he strives to get rid of the poor, and uses the money properly. Only then his life journey will be much better and can be managed properly. Do you think that a person's mentality is always the same? It is always based on money and circumstances. But I think if the income increases, then the amount of money spent will increase a lot. This happened to me. Also if someone is given a lot of money, then he will plan how to spend it. And to stay disciplined so that he doesn't go back to his previous state.