Post
Topic
Board Economics
Re: Take care of your money and learn to save.
by
slapper
on 23/05/2024, 17:50:47 UTC
It's sad that from the poor to middle class are dealing with the same thing but obviously, the poor is the one that's struggling more. While before and several years ago, the middle class can live a lavish life without having any problem at all. And now, this seem to be the new poor description by being in the middle income earners. But there are a lot of middle class that are wise with what they earn and learned how to save and to invest properly so that they won't downgrade their lifestyles in the future.
Currently it is quite difficult to save and invest, and this does not mean that we have to be wise in thinking about finances for the future, but the current economy of society is very difficult, especially for those at the bottom who work as farmers or fishermen, let alone saving for their needs. everyday life, even now it is difficult, because market prices are uncertain, how do they think about retirement benefits in the future? They don't know what day it will happen.

This is what our society is currently experiencing, the current economy makes it impossible for some of us to think about a more beautiful future, because our income is uncertain.
The value that the middle class has been receiving and have is shrinking due to inflation. While the rich getting richer due to the opportunities that they are having. The economy that we're experiencing isn't really suitable anymore to live a wealthy and easy life when you're in the middle class. We don't even have to think about the future but we're here to have bare enough and to survive. A sad reality but everyone of us are keep on trying.
Rich or wealthy people would be normally be that sitting on the top as always since they are the ones who do continously making money while to those who are sitting on the middle and low would surely be experiencing even more hardship as years passing by. This is why its not really that shocking that those conditions wont really be changing up not until you would really be making out such act for yourself and find for another opportunities.

Success isnt something that would come into you if you wont really be taking up any actions. If you do find yourself having that financial struggle or lets say you do have that good opportunity on earning money but doesnt have that good management out of it then it would really be useless or pointless. If you do like to have a progressive life and wanting to have that kind of success then you should really be that wise and making up those decisions which would really be getting in line on what you are projecting on or simply on what you are targeting into. We do know that when it comes to this then each person does have that different approach.

Savings is for emergency purposes but we do know that it isnt really just that only for emergencies but also for other usage as well such as investment and making up some business.
It would really be just that depending on how you would really be utilizing those amounts for the benefit you could really be able to get but of course you would be needing that proper planning.
Friends, wealth isn't luck. Finding chances and taking the risk is key. Watch the winners; they're not waiting for something. The next big thing is always on their mind. Just because you're struggling doesn't mean you should give up. This is a wake-up call to change tactics. Instead of just spending money, the wealthy thrive by finding methods to generate more.

How to get rich? You need a plan, like a solid workout. This isn't gambling or hoping. Much like an architect requires a blueprint, you need a financial strategy. Financial diversification is crucial. Not only emergency savings. You invest in stuff that could exponentially grow your money. Creating several income streams so you're not reliant on one wage. Rich individuals don't work for money; they manage it. Don't only earn; do what you earn. Better investments and spending habits are needed.