Best lesson you’ve learned about money

[troubled soul]

What’s the best lesson you’ve learned about money? Personal experiences appreciated!

 

[Marzio]

It's better to have them than not to have them

 

[void]

money is a record of useful deeds

money is whatever allows to transfer power/energy through‌ time and space -> this makes it trivial to decide what is good and bad‍ money

 

[manukahoney]

Never give a loan without a liquid collateral.
Especially to friends and family.

 

[void]

that's a good one...
I'd rephrase to: never give a loan to‍ friends and family, especially with collateral, because liquidating it will make you even more evil.⁠

 

[BalnearioCamboriu]

Always make others work for you and always take a credit to yourself for it.‌
Teach no one your tricks or they will be used against you.
Play a sucker‍ to catch one.

😀

 

[Au999]

Real money isn't paper.

 

[bonox]

It's better to keep them than spend them. Safe up small amounts, it will turn‌ into a big amount.

 

[FreedomSearcher]

wdym by this?

 

[polonieth]

Be indifferent towards it.

 

[TheCryptoAnt]

word, the richest mfs I know‌ are 'cash poor' in relation to their overall wealth.

 

[uranium]

Don't keep cash. Invest it.
Here is story of Charles Dupont;
https://goldswitzerland.com/you-cannot-go-wrong-with-gold/

 

[void]

the moral of this story is unfortunately about 50 years outdated
the world‌ has changed too much, gold is done and it's obvious

 

[uranium]

Replace the‍ word gold with "btc".

 

[void]

it's perfectly fine to‌ disagree - time will decide
today we can only compare how the asset serves us‍ now and in potential scenarios that may happen

 

[bonox]

If you want to spend 10$ you have to put 100$ aside.

 

[noob3000]

the less you have the more you will make.

If you have almost nothing your‌ effort is way bigger then when you have a good cash base.

so invest constantly‍ as soon as you earn your first dollar and be "poor" all the time

 

[Radko]

Money becomes worthless as time goes on, so invest, invest, invest until you retire (don't‌ leave too much money to your children, the will squander your fortune.)

 

[Marie Manila]

1. Saved money itself does not make you happy, but it will make things easier.
   
2. Don't be too obsessive about saving, if you don't have kids. Use and spend your money‌ to make yourself happy. Live can end at any time. And your money will not‍ help you after you die. So use it now!
   
3. Try to spend the money only⁠ on things that make you happy! Save the rest!
   

 

[BalnearioCamboriu]

Make your opponent think that you're dumber‌ than he is.