I spend all my money. Why save?
I spend a lot of money. Pretty much spend every dollar of my pay check within a month or 2. My thinking is this: I enjoy spending money and my hobbies are expensive. If I save up my money and I die tomorrow, then what a waste! Is my way of thinking correct or is this a bad habit?
Why do people spend so much money buying new mobile devices when they already have a one?
I mean really, I feel like spending money constantly on the newest phone is a serious waste of it. Its a phone. If the one you have can carry out the tasks you want, I think it should be enough to last you for a while (like 4 or 5 years). And anyway, if there's something new you want it to do, it will probably be able to do it when you update the software. If I had that the money people spent to buy these phones, I would donate it or do something I like, like work on a DIY project or take a martial arts class. This is my opinion of course, and I just want to get a grasp on what is going through the minds of people who do buy phone after phone.
Many people spend their entire lives chasing after money, materialism and are in the pursuit to gain a high social status, why?
I realized from a young age and point in my life that none of those things would ever fill me or make me any the happier. Any happiness if offers is false and short lasting. I'd much rather listen to a wise and enlightened old man with little but is happy than a rich, famous man who still hasn't figured things out.
If you earn a lot of money, what’s one thing that poor people usually fail to understand?
Poor people don’t seeem to understand economics.They seem to be upset that someone like a business owner makes a lot more than they do. They don’t get that the business owner may have been poor not that many years ago, but through hard works has produced something that employs others, feeds numerous families, and that the business owner has taken huge risk to achieve what he has.They see success and think it was handed to that person and that because it was handed to them, they don’t deserve it at all. The wealthy person should spread his wealth around and give everyone some.If that were actually to happen, the once wealthy person can no longer afford employees and has to lay those employees off, and it can be devastating to a small business as well as to the former employees.There is welfare to take care of the unemployed… it’s taxes from businesses and employers that pay for the funds that are given away to those not working. If there are fewer businesses, government has to tax existing businesses even more, because now there are even more unemployed.Eventually, it’s not worth the risk of opening a business, so nobody does it. Now who’s paying for the welfare? Nobody… welfare and unemployment can’t exist without healthy business funding it.Government should be grateful for, and seek ways to reward, people that are successful! They are the ones that are paying for so many others to be able to have welfare and unemployment benefits.But poor people just don’t get that, because it’s easy to be upset with someone that makes more, or has more than the poor do.
Why do some people spend big amount of time for hobby and get almost nothing whereas they could spend 8 hours a day and get more money?
Ok, let me see if I can answer this… There's a lot going on with this question.First of all, I'm assuming when you say one “could spend 8 hrs/day and get more money" you mean, why do a hobby for free when if it was your job (for 8 hrs/day) you could get paid to do it, correct?If that's what you mean, then I have to question your assumptions. (I'll use “I” statements here:) What makes you think _I_ could get paid to do art, which happens to be a current hobby of mine, for example? And where do you propose that I could do my abstract art painting for 8 hours a day? Is there someone offering this as a job somewhere I don't know about?You fail to take into consideration that there may not be a market or demand for the output of effort I invest in my hobby, let alone, a venue or supplies available to do my hobby for that long a period of time. I don't know anyone interested in paying me to use their studio and give me paints and canvases, and paying me a salary on top of it for my time, just to do something that I do as a hobby.Especially since, for me, hobbies are things I do to learn new stuff (like acrylic pours, or crochet rugs out of yarn I make from old t-shirts). Someday I may produce something good enough to sell, but the fact that it is a ‘hobby,’ to me, means it's something that changes as I learn more. Since it's a hobby, it doesn't have to be good and I can try new things and fail too.Suppose one of my hobbies was hiking. Do you know of a way I could go hiking for 8 hours and “get more money" as you put it?Another problem with your question is the faulty assumption that _I_ (again, i will use “I statements") “get almost nothing" from my hobby. It is true that participation in my hobby does not get me much if any FINANCIAL gain. But that is not the purpose of MY hobbies. My “hobby" is not “making money". If THAT was my hobby, then I would get money. But it's not. My hobbies get me different things. They get me pleasure and mental stimulation so that I can enjoy life and de-stress after working my JOB that gives me money.Maybe you should look up “what's the difference between a hobby and a job?” to further clarify the difference between things people do as a hobby and “things they do for 8 hours to get more money" (AKA: for work/a job).
Are some people too stupid to realize their startup will fail and they are wasting their time and money?
It's complicated.OK in the first place, startup ideas are fluid. They change all the time. Why do they change? They change after market analysis. After competitor analysis. After talking to customers. After seeing the metrics for your feature usage etc etc. This is the meaning of product-market fit.Maybe an analogy would work well here.Now imagine a stone-carver trying to carve a statue. He starts with a piece of stone that's pretty similar to the contours he needs. That's your initial idea. Through refinement, the idea that makes money, or the final statue, takes shape. So people have all sorts of ideas right, and some are better than others (i.e. a stone that's closer to the shape of the final statue) However, if you don't try to go through this process at all, you'll never find out if there's a statue hiding in the stone.Sometimes there isn't. You'll go halfway and you discover a hidden fault or crack (the idea cannot work). Sometimes you start with a hunk of bedrock that isn't chippable with your tools (no skills/experience to crack it). Sometimes, you'll find you can make the statue but there's a thousand other similar statues out there waiting for buyers, and quite a few are much more elaborate than yours. Sometimes, the stone is too small for your statue (small market, solution too complicated). Sometimes, it's too big and you want to carve a small statue(big market, inadequate solution). Sometimes you make the statue but nobody cares because nobody's looking to buy this sort of statue. So now to answer your question:1. Some people just want to build something based on their own assumptions and refuse to question them. Sometimes they hit the nail on the spot. Mostly they fail and you never hear about them.2. Some people start with some idea that sounds stupid, but can be refined, and they go do that. These guys are fine as long as they keep refining the idea through feedback.3. Some people clone a product and then try to find an edge over their competition. Maybe it's in terms of marketing (better marketers), or sales (better salesmen) or location, or value proposition. These can work too, as long as they don't mind working in a crowded market. It's just much less attractive to investors.The worst way to go about doing a startup, I think, is the first one. You may build a successful business somehow by a miracle, but next time you try again, you'll probably fail.Just keep in mind ideas are just the stone you start with, it's not the final statue.
Why is it that people who are a failure at home and relationships are great at their working place?
It is really abstruse to understand this strange but equally true fact. One plausible explanation would be the ardent love that these people(who perform great at work) feel for their work or the constant desire of ameliorating their skills, simply overshadows their love or affection towards their loved ones which in turn results in unhealthy relations !!These people direct their sole energy in their work thus intentionally/unintentionally ignoring the family or their loved ones. This definitely helps them achieve great heights in their workplace but surely detoriates their relations with the people who care about them.