Post
Topic
Board Economics
Re: How to spend money determines whether you can avoid unnecessary problems
by
Youngkhngdiddy
on 01/10/2023, 18:10:09 UTC
Agree with your statement as if you are using money then more money will come to you. The wealthy people are wealthy because they create new way of earning through utilising their own money. Poor people think that if they spend their earning and reward then there will be nothing with them to buy expensive things but they forget that desires can be achieved anytime but once you spend money in useless activities then you will not able to increase your cash.

Sometimes they think that investment is a waste of time but they don't remember that with this investment you can avoid harsh situations, your life will not be burden for you.
May be they are not investing as they wants the happiness of their family to feed them in restaurant and to give them expensive cloths but they can also invest money because after some patience they will be able to give more comfort than this if they wisely invest in wise coin as it will offer them passive income.

  There’s always this popular saying that says “the rich remain richer while the poor remains poorer”. No one is design to be rich or poor but how well we manage our risk taking. The rich do not hesitate to take risk and as we all know without risk there’s no reward. For anyone who relies only on his salary to survive, without proper utilization of their income will end up living a life of rollercoaster. The misuse of money by some salary earners have made them prisoners of the system. I don’t see the need for an expensive restaurant or expensive clothing or luxurious life if you’re living on a monthly budget.
 The rich will always seize any opportunity that warrant them making more money, because they believe they have the money to try anything new. It’s hardly you see a very wealthy person show off by buying things that’s is not worth buying at a particular time. There’s time for everything, you don’t go about buying unnecessary things while you’re in the building phase of your life. Invest your money, spend wisely on the things that matter. Once you’re able to buy anything twice irrespective of the cost and still be comfortable, then you’re starting to be free from the shackles of poverty.