Millionaire today and Poor tomorrow

Yes beggar and billionaire anyone can become anytime ,........ Especially business is such a affair that makes one billionaire or beggar overnight ...... Hare Krishna Ganesh

Yeah there are just a lot of people who just rather going to be rather poor with money. Of course, the best way to really get people to manage their money is not having a lot of it. The people who only have just enough money to get by and at times perhaps slightly mess, are far better in managing their money, saving, cutting every corner. That to me is the problem. Most people when they get their hands a little bit of money, they go absolutely insane and go on spending sprees. Or they make investments without thinking that swallow up all of their money. They think that the happy days are just going to be here forever, which is really not something that is the case. In the end, those who have money never feel the need to save it, until they are in the position not to be able to save all that much and are saddled with the debts from the past.

Hi, God is really Good ! as your name says it. I believe each of us has it's own point of view when it comes to financial situation and issues. As for me, budgeting does play a big role to have financial freedom at the end. I have heard that says " Sacrifice now and Enjoy later " or " Enjoy now and Sacrifice later " is a matter of choice that one can make. A lot of financial services as well as Insurances, Health Care, Pre-Need companies are now offering to help us achieve of that financial freedom during our old age. Yet, because we are still skeptical especially of what happens lately to the recent companies. It gives us the doubt to fall into it. Savings is indeed important no matter how low our salary is. We just try to put all unnecessary expenses out on our pocket in order to live our life out of worries. It is a matter of discipline. As of now, i join IMG ( financial services ) wherein you can invest your money, at the same time get Health care as my preparation of my old age. I also get a pension policy , to help meet my future needs when it matures. Have an extra income by joining MLM, be involve in small business, to be a dealer in direct selling or whatever that makes me help earn even small income at the same time helps other people as well. In the end, i know, i cannot guarantee my life here on earth. God knows better than i do. I just choose to have a better plan for my future so that i may not consider myself regretting the things on which i can do today.

Financial management is a major as well as an essential part in each human's life. I am simply following the principles stated by Warren Buffet. I became devotee of him once after reading his list of principles stored in the form of MS powerpoint. I want to express here some of the best statements from his principles which was so much impressed me. "Don't buy more than what you really need and encourage your children to do the same". There is an another statement, "Always, think how to accomplish things economically." One of his own life story: He never has any driver to run his own car since he knows driving very well. Another one: He owns the world's largest private jet plane but he never travel by plane because it is not needed. Highlighting touch: "Assign right people to the right place" For example, one of his life stories, he never contact his company by a call or chat, only write a letter for every two months. "You mustn't get loan from anywhere" "Just do what you feel most interested" "Learn for doing investments and encourage your children to do the same". etc etc etc

There was a interesting story in my country.Someone has won the lottery:a few million dollars,so a lot of money.in two yaers he lost everything because he started to do gambling and oher stuff.you have to take care beacuse no matter how much the money that you have seem to be,there is nothing endless on this world.i believe the best concept is to put some money aside for those black days.

I guess we just need to be good stewards of the income we derive from our careers, our business, and anything we get our productive hands on. It is ok to be spending on things you love to acquire but if it becomes a bad habit that you don't even think of saving up for your future, then something must be wrong. So yeah, save for a rainy day and you'll be fine.

Financial stability is all the important in anyone's personal life. Without sufficiently enough money to meet needs of the time you are in one hell of a situation. Though by being rich is not a blessed condition paucity of funds threaten our existence badly.

I've been a very simple person from the start up to now. I just always want to have a very simple life. Many of my friends desire is to become rich and be a millionaire, and if that's the flow of the story I always keep quite and listened to them and get a little smile in my thoughts. They ask me too if I want to become a millionaire someday, I just told them NO that's why I don't tried to join or buy some lottery tickets I'm afraid of being rich. And they laughed at me, but seriously it's true. My only wants in life is very simple, to have small house, to eat at least 3times a day, to help my daughters finish there schools to have a nice business that can support myself and can help my daughters too if they needed. And one last thing PEACE. Material things that money can buy has no value if you have no peace within you.

Ultimately it all depends on planning i.e financial planning.When we are doing well we ought to keep aside and invest a part of our income for future use.Just like how seriously we take our job and education children from a young age ought to be given tips and educated in matters relating to household finances.I,too have found money scarce when i most required it.I like investing in stocks and real estate to help me out in future or difficult days.

I have worked in a casino, and have really seen a lot of millionaires losing money and go broke. Money wasted, time wasted, and probably life wasted. That is where i based my financial status really, not to gamble and spend wisely, and most of all making a habit of 10% of your income for safekeeping no matter what as in several years it would be a wise investment.

Some people get broke due to mishandling their wealth. Some faced misfortunes due to betrayals from business partners, some lost their money due to vices gambling in particular.There are lots of reason why some rich people suddenly face financial problem and declare bankrupcy. I just happened to read the sad story of "Dennis Rodman" we knew very well he is one of the famous basketball star of his time, but due to mishandling his wealth- he now at loss, broken, indebted - the end of his glorious day. I am not rich and not even considered a middle class. I live a simple life and save some cents for tomorrow. No luxury but I am happy with the comfort life that I have.

It's great to have the goal to get rich one day but I don't find it that interesting I would do everything for it. In my country it's normal for people to safe a lot for later. But the question is: when does later start? You can have a life insurance that will pay out in 10, 20 or 30 years if you are still alive if not your kids or partner get it. I had them but I quit them. I decided that I want to live now. I try to relax, go out when I can and safe the money for these cases. Each month as soon as I have my income I pay all bills and safe a bit on an extra account. What is left over we have to eat from (and buy clothes,shoes, pay for school etc etc) for the rest of the month. I try to buy as less as I can (includes clothes, shoes etc), it's my only way to safe money since my monthly income is very low.

Wise investment is paramount towards ensuring your financial Independence.I aim to invest in real estate and bonds as this assure you income in future

With the economy and the way minimum wage is today, I have to sadly say that there is no way for me to save up for retirement, I will be working until I am buried 6 feet under. With so many bills, the cost of living, and other day to day expenses, how can one even save a buck to do anything? If the cost of living keeps going up, and minimum wage stays as low as it is, we would be beyond screwed; but I fear that we are already at that point my friends...