Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
Bitcoin, Crypto Market Black Swans from Google to Obsolescence - 1st Aug 21
Gold Stocks Autumn Rally - 1st Aug 21
Earn Upto 6% Interest Rate on USD Cash Deposits with Binance Crypto Exchange USDC amd BUSD - 1st Aug 21
Vuze XR VR 3D Camera Takes Near 2 Minutes to Turn On, Buggy Firmware - 1st Aug 21
Sun EXPLODES! Goes SuperNova! Will Any planets Survive? Jupiter? Pluto? - 1st Aug 21
USDT is 9-11 for Central Banks the Bitcoin Black Swan - Tether Un-Stable Coin Ponzi Schemes! - 30th Jul 21
Behavior of Inflation and US Treasury Bond Yields Seems… Contradictory - 30th Jul 21
Gold and Silver Precious Metals Technical Analysis - 30th Jul 21
The Inadvertent Debt/Inflation Trap – Is It Time for the Stock Market To Face The Music? - 30th Jul 21
Fed Stocks Nothingburger, Dollar Lower, Focus on GDP, PCE - 30th Jul 21
Reverse REPO Market Brewing Financial Crisis Black Swan Danger - 29th Jul 21
Next Time You See "4 Times as Many Stock Market Bulls as There Are Bears," Remember This - 29th Jul 21
USDX: More Sideways Trading Ahead? - 29th Jul 21
WEALTH INEQUALITY WASN'T BY HAPPENSTANCE! - 29th Jul 21
Waiting On Silver - 29th Jul 21
Showdown: Paper vs. Physical Markets - 29th Jul 21
New set of Priorities needed for Unstoppable Global Warming - 29th Jul 21
The US Dollar is the Driver of the Gold & Silver Sectors - 28th Jul 21
Fed: Murderer of Markets and the Middle Class - 28th Jul 21
Gold And Silver – Which Will Have An Explosive Price Rally And Which Will Have A Sustained One? - 28th Jul 21
I Guess The Stock Market Does Not Fear Covid - So Should You? - 28th Jul 21
Eight Do’s and Don’ts For Options Traders - 28th Jul 21
Chasing Value in Unloved by Markets Small Cap Biotech Stocks for the Long-run - 27th Jul 21
Inflation Pressures Persist Despite Biden Propaganda - 27th Jul 21
Gold Investors Wavering - 27th Jul 21
Bogdance - How Binance Scams Futures Traders With Fake Bitcoin Prices to Run Limits and Margin Calls - 27th Jul 21
SPX Going for the Major Stock Market Top? - 27th Jul 21
What Is HND and How It Will Help Your Career Growth? - 27th Jul 21
5 Mobile Apps Day Traders Should Know About - 27th Jul 21
Global Stock Market Investing: Here's the Message of Consumer "Overconfidence" - 25th Jul 21
Gold’s Behavior in Various Parallel Inflation Universes - 25th Jul 21
Indian Delta Variant INFECTED! How infectious, Deadly, Do Vaccines Work? Avoid the PCR Test? - 25th Jul 21
Bitcoin Stock to Flow Model to Infinity and Beyond Price Forecasts - 25th Jul 21
Bitcoin Black Swan - GOOGLE! - 24th Jul 21
Stock Market Stalling Signs? Taking a Look Under the Hood of US Equities - 24th Jul 21
Biden’s Dangerous Inflation Denials - 24th Jul 21
How does CFD trading work - 24th Jul 21
Junior Gold Miners: New Yearly Lows! Will We See a Further Drop? - 23rd Jul 21
Best Forex Strategy for Consistent Profits - 23rd Jul 21
Popular Forex Brokers That You Might Want to Check Out - 22nd Jul 21
Bitcoin Black Swan - Will Crypto Currencies Get Banned? - 22nd Jul 21
Bitcoin Price Enters Stage #4 Excess Phase Peak Breakdown – Where To Next? - 22nd Jul 21
Powell Gave Congress Dovish Signs. Will It Help Gold Price? - 22nd Jul 21
What’s Next For Gold Is Always About The US Dollar - 22nd Jul 21
URGENT! ALL Windows 10 Users Must Do this NOW! Windows Image Backup Before it is Too Late! - 22nd Jul 21
Bitcoin Price CRASH, How to SELL BTC at $40k! Real Analysis vs Shill Coin Pumper's and Clueless Newbs - 21st Jul 21
Emotional Stock Traders React To Recent Market Rotation – Are You Ready For What’s Next? - 21st Jul 21
Killing Driveway Weeds FAST with a Pressure Washer - 8 months Later - Did it work?- Block Paving Weeds - 21st Jul 21
Post-Covid Stimulus Payouts & The US Fed Push Global Investors Deeper Into US Value Bubble - 21st Jul 21
What is Social Trading - 21st Jul 21
Would Transparency Help Crypto? - 21st Jul 21
AI Predicts US Tech Stocks Price Valuations Three Years Ahead (ASVF) - 20th Jul 21
Gold Asks: Has Inflation Already Peaked? - 20th Jul 21
FREE PASS to Analysis and Trend forecasts of 50+ Global Markets by Elliott Wave International - 20th Jul 21
Nissan to Create 1000s of jobs with electric vehicle investment in UK - 20th Jul 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Becoming Money-wise Whether You Use It For Betting Or Trading

Personal_Finance / Gambling Feb 11, 2021 - 03:53 PM GMT

By: Submissions

Personal_Finance

If there is anything in this world that is the root reason for most things to happen, that thing has to be money. Just think about it for a minute, every possible service or product you need has to be exchanged for currency. Be it education, healthcare, housing, and any other need we humans have. Even if you receive one of the above for free, cash had to exchange hands at one particular time. It might have not been your hands but someone else’s, but the exchange did happen.

So how do we train our minds to become money-wise? And how do we utilize it to the best of our ability without regrets in the future? Today you are in luck as we will lay it bare how to become a guru at utilizing your money for maximum gain. If you want to become money smart, then keep reading.


Always have a budget

Something’s are usually easier said and done, and budgeting is one of those things. We usually make a mental note to create a budget when we receive our monthly wages. But how many people get to construct one? Statistically speaking, the majority remember they were to create a budget after spending all the money. And this is quite unfortunate since that same lot cannot account for where the money went.

A budget is fundamental as it acts as a guideline to where your money goes so that you have a systematic release of funds starting with needs, wants then luxuries. The essentials are food, shelter, and clothing. The wants are like the internet, phone, and such. While the extras are holidays, eating out, and money to bet, to mention a few. When you lay it out down on the budget, every penny you earn is accounted for in the end.,

Invest

We usually have a hurry to use cash just as fast as we got it which is an outrageous thing. Instead of money helping us, it passes through our hands to take us to the next meal or day. So how can we make it to financial freedom by doing the same things day in day out? It is impossible, right? Well, here is a solution; invest.

Investing is simply putting some of your cash and let it work for you. You may invest in a business, trading, real estate, SACCOs, self-help groups, and so many other avenues that can help you grow your cash to exponential amounts that you may use in the future to better your life.

Start saving small

Adding a dime today and tomorrow and the next day will have you celebrate a dollar in a few days, so adopt this behavior and save the little you have. What you have put aside today may seem very minimal, but when it accumulates with time, you will find that you have so much more than what you had anticipated. That said, start small, the future, you will be grateful.

Live within your means

Whenever we get a promotion at work, we are always quick to think of upgrading. It is not wrong to upgrade, but when the new additions are eating up what we have just earned, then we are not doing ourselves any good. Even with a promotion, that said, look for ways to invest or save up that extra for a rainy day. You do not have to buy another car if the one you have is working just fine, or buy a bigger house with extra rooms while you were living comfortably. If you are in a comfortable place, find something else to use the cash.

Take away

Becoming money-smart may seem like a tasking endeavor, but as you have seen, it just takes four things to kickstart your dream of becoming financially free. Create a budget, invest, start saving small, and live within your means is all you have to do. If you are wise, you shall follow the words of wisdom given above. It is easy, and you should give it a try.

We have come to the end of this piece, but we have one more vital part of information to share with you before we sign off. Earlier, we mentioned betting, right! Well, at  https://betfirst.dhnet.be/en/, you shall get the best and most comprehensive analysis on avenues you can wager on. Remember, betting money is luxury money, so if you have it, this site is the first place you should take a look at. Trust us; it is worth the hype.

By Umair Abid

© 2021 Copyright Umair Abid- All Rights Reserved - Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in