[Events] What’s your philosophy on spending money?
Everyone’s approach to spending reflects a bit of their outlook on life. Today, Tiger Broker invites you to share your personal spending philosophy—are you a saver, or do you prefer to live in the moment? Do you carefully plan for the future, or do you enjoy seizing each day as it comes?
Warren Buffett once advised young people, “Save money while you’re young, it becomes harder once you have a family to support.”
Or, as Ernest Hemingway noted, “You can’t have youth and the feeling of youth at the same time.”
How do you view these perspectives? What’s your own take on spending?
[How to Participate]
Share this post and tag at least one friend to join in on the conversation.
Comment below with your spending philosophy and how it impacts your life decisions.
Feel free to share a specific spending experience, or reflect on how different spending habits have influenced your perspective.
[Event Duration]
November 8, 2024 – November 18, 2024
[Prizes]
Every participant who comments will receive 5 Tiger Coins! Share this post and tag a friend to earn an extra 5 Tiger Coins.
🌟 Popularity Award: The Tiger Broker with the most “likes” on their comment will receive a USD5 stock voucher.
🍀 Lucky Award: We’ll also randomly select one participant from the comments to receive a Tiger gift. $Tiger Brokers(TIGR)$
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🌟🌟🌟Money is the means to achieve my goal of FIRE - Financial Independence Retire Early. Money will give me the freedom to travel the world and experience the various cultures, try different kinds of food and make new friends.
When it comes to spending money I believe that it is important to live within my means. That means having a budget, finding the best bargains. However I believe that money is well spent if I use it to invest in myself such as taking courses, learning new things and to use it to generate passive income through investing in shares.
Money by itself does not create fulfilment in life but it provides a bridge to achieve my goal of FIRE - Financial Independence Retire Early.
@TigerEvents @Tiger_comments @TigerStars
@Universe宇宙 @koolgal @Shyon @Aqa @LMSunshine @rL @GoodLife99 @HelenJanet @SPACE ROCKET @TigerGPT
Every participant who comments will receive 5 Tiger Coins! Share this post and tag a friend to earn an extra 5 Tiger Coins.
How do you view these perspectives? What’s your own take on spending?
Money is to be managed appropriately. I spend on necessities and set aside money to splurge like for travelling, buying luxury goods and of course set aside money for investment and to save for rainy days and retirement.
It's all about the now and future. avoiding being a spendthrift or a miser.
@Wayneqq @SR050321 @Kaixiang @Success88 @DiAngel @rL @SPOT_ON @HelenJanet @Fenger1188 @Universe宇宙 Come join
Automating savings or investment, setting clear goals, and managing your expenses ensure that you stay on track for your financial freedom without feeling deprived.
Investing wisely for the future while budgeting for small luxuries creates a sustainable path to both security and fulfillment. [Cool]
@TigerEvents @Universe宇宙 @DiAngel @Fenger1188 @HelenJanet @MHh @pete13 @LMSunshine @JC888
1. Set clear financial goals (short-term and long-term).
2. Create a budget allocating funds for savings, expenses, and enjoyment.
3. Prioritize needs over wants.
4. Practice mindful spending.
5. Consider the 50/30/20 rule: 50% for necessities, 30% for discretionary spending, and 20% for savings.
First, before you could spend any money you got to earn it first right?
We need money for almost every situation in our lives, it is the lubricant of life.
First we have to earn it, then allocate the appropriate amounts for housing, utilities, food, transportation, clothes and the upkeep of oneself, like toiletries and other stuff that are needed to keep ourselves presentable so that we can get on with the daily grind of going to work for a salary...these are the basic needs of sustainability in modern society.
If there are any remaining sums after paying the necessities mentioned above, then it could be saved for future use and invest. This will take time n effort and sacrifices to accumulate over time.
Of course there are people who earn more than others and there are people who have 'rich' parents with deep pockets to get whatever they need and want...
But to me, spending money is a very fine art of balancing the accounts!! 😁
I prioritize spending on things that truly add value to my life. This could mean investing in experiences like travel or learning opportunities, or spending on high-quality items that last, rather than constantly replacing cheaper alternatives. I also appreciate the importance of saving for the future, so I make a point to allocate funds to both savings and investments, ensuring I have a financial cushion for emergencies and can plan for larger goals down the line.
While I don’t believe in depriving myself of small indulgences, I avoid spending on things that don’t serve a real purpose or bring me lasting satisfaction. This allows me to focus my spending on things that bring genuine value and helps me avoid the stress of financial regret.
Spend what is necessity meant that FVM worth.
Saving is a habit that needs to be cultivated.
Always spend within your means as you never know what would happen tomorrow.
More importantly, as I get older, I understand that time is always irreversible. So always be cautious what you spend not only in monetary terms but also time, for there will never be a possibility of reversing the status...
unless you invest in great MOAT companies..
or maybe not... when Trump is US president anything is possible [Happy]
@koolgal @TigerEvents @MillionaireTiger @Optionspuppy
I don’t view spending as a “black or white” choice between saving or living in the moment. I think it’s about finding that sweet spot where you’re taking care of your future self while still making room to enjoy life along the way. For me, it’s about balance: plan ahead, but don’t forget to seize the day when opportunities arise.
@TigerEvents @TigerStars @Tiger_comments @TigerGPT
🌱 I love investing in experiences—there’s something truly special about creating memories that last a lifetime. Whether it’s traveling, learning something new, or spending quality time with loved ones, those moments feel like they’re worth every penny.
💡 Then there’s value. For me, it’s not about having everything, but rather choosing things that genuinely matter and add value to my life. I’d rather have a few meaningful things than a lot of “stuff.”
💸 And finally, I try to balance saving for the future with enjoying life now. Planning ahead is crucial, but what’s the point if you’re not living a little along the way?
#MoneyMindset #SpendWisely #InvestInExperiences #FindingBalance