If we are thrifty we are judged as stingy or miserly; and if we spend it everyone criticises us because we don't invest… We are simply insatiable. 😁

There is an old moral about an old man and his grandson who are walking along pulling the rope of a wall, they pass through a village and the old man is criticised for carrying the child on foot. The old man puts the child on the donkey and continues on his way… In the next village, the child is criticised for leaving the old man on foot… The child gets off, and the old man gets on the donkey and continues on his way… They pass near a hamlet and the old man is again criticised because it is he who rests on the back of the donkey and not the boy, so they both get on the donkey and continue on their way… They pass by a nomadic community, and they say that poor donkey with those two riding on the beast… Finally, the boy and the old man get on the donkey and continue on their way…  😘

The moral is the same with the economy. I am one of those who think that we should work and produce to earn our livelihood and any luxury we can afford. It is difficult for me to save because I live day by day as if it were my last day. I was born naked and when I die, maybe they won't even put a shirt on me, most likely I'll be cremated… Well, I pay an insurance for these things. Life is so short, so fleeting, that it's unthinkable to give me material things…

You know what they say about having a bird in hand versus two in the bush. 😜

That being said, lets just talk about savings/investments as you mentioned. I've found that it is actually a skill to be picked up. If you parents are savvy investors who've imparted these skills to you since you were young, it is almost second nature to be able to see the foresight and greater eventual gains.

What about food too? Some parents would say to finish all your food and not waste a single bit of it at all, even ignoring the fact that you are already bloated and overly full. Eating past a certain point is detrimental. 

I think (part of) my point is that all these behaviours are more easily trained a young age. And certain "negative" behaviours come from a position of scarcity. Different social economic classes will act in certain ways just because that is how they were brought up.

I've got a friend who I would say is probably addicted to saving.  I was having a talk with her the other day about how she is saving all this money but it isn't working for her at all.  She has tens of thousands of dollars sitting in a savings account and hardly any money in investments.  It baffles me how she can be letting all that potential slip away!

It is funny because I reopened an old text book the other day and found a reference to Kotter's Change Management Model. Although this is almost always in reference to organizational change, I started wondering if it could be applied to affecting individual change as well being that I am trying to under go my own. Not sure why I bring this up, but just thought it might be worth mentioning as it is ione of the most widely used, and considered most effective models' for change. I think it is because I am one who always wants a plan before taking action I guess.

Hive teaches you good habits as we are hording to earn more long term. I think it is easy as it takes discipline with the hope one day we can buy and do what we want without any worries. Another 5 years may sound like along time to the average Joe, but not once you have already been doing it for that long. I had a prime example on a comment on my post today as they missed everything entirely and no surprise they have no or little stake.

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I think it's easy to hold the real estate, provided that you have maintenance part covered. 

I used to be very much addicted to savings. And kind of suffered due to the same. Some of the changes that I faced in this context is basically demanding people in my family who wanted my money. And it's hard to handle such bad people.

In short, life is kind of moment specific, some people have to spend when time comes otherwise it is dust. Not spend too much because there will be rainy days.

Like I've said before and will say again, I'm all out of fight to try and change things here at home, but I'm very willing to make a change by picking up and moving somewhere else. For me, the ability to save will come from reducing expenses, not really working harder or earning more. I'm not looking for added responsibilities.

People need to get their minds out of the consumer model and I haven't seen that despite the hard times right now. Last I checked, people were still racking up a ton of credit card debt and I also agree that people need to change that to earn wealth. While investing could be risky, I still think it's better to have that money work for you.

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We all want to change but honestly don't want to change ourselves.  Again it is also true that if we try to force something on us to change it also fails.  Change requires gradual effort and willingness.

<code>Live like you are dying tomorrow, think and learn like you have to live forever. </code>

With such quote I try to live my live every single day, every single hour and smaller meshes when possible. I think that many people act like the cicadas while just a few they live like the ants. 
A balance must be found, but a good awareness on both sides is required

Firstly, there was a time in my life when I hated to save very much. I have always believed that I will have more money as long as I'm spending the one with me but it does not always turn out to be that way. It
 mostly goes the other way round. 

Saving is a habit and there are also other habit that I feel like human beings should imbibe so as to change the world positively. There is a stage that everyone will reach in his or her life and the person will realise that he or she needs to save money. We are human beings and we never can tell or predict the kind of things that will happen to us very soon so it is good to save so that we are going to have a way of solving the emergency problem.

You said something about everyone starting to change their behaviour today and it will take a lot of time which is true but do you think everybody can change their behaviour?
Do you think it is everyone who is willing to change?
Some people are not ready for the change and it is bad. They are ignorant

Ah, the iPhone.

Enviable how a mere mention of a new model inspires more attention in my younger sister than the vast intricacies and applications of blockchain tech—

Wow. I guess, I do understand the reluctance. Then again, I have a question. 

Could we make the game of saving and producing more engaging than consuming? Could we make consuming more productive?

I think that’s the hook for my pitch. I like HIVE because I consider it an answer to the above questions.

I’m learning to cook and stacking books to compound saving and reduce spending. I mean, my favorite food is the sandwich- namely, the cheeseburger. Surely I don’t have to spend 15$ every time I want one, right? Right??

A person who works for daily, weekly, monthly wages needs to change their mindset to invest wisely. You need to understand that the profit is visible from a distance and you can often find yourself in a long drawdown (on a fall, it’s also good to buy an asset with free money).
As for frugality, the main thing is what percentage of profit a person earns and from what capital. From a certain point, you can ignore everyday expenses.

I think as the years pass by, we don't want change or don't tend to change. Thus, changing something is better when under 30s.

We have a good proverb;

*A tree is inclined to lean when wet*

Early in my career, I became interested in general success principals. Not the specific tactics which people use with little foresight in certain situations. Like universal truths which can be milder to apply to most situations. 

Income diversification is one of those things I decided was good for everyone. Having money coming in from different places lightens the spirit when one of your income streams is in a downturn. Plus, having dogs in many races makes for a greater chance to win if you can shift focus and hover over each accordingly. 

Another is duplication. When you can duplicate your value in other people and opportunities, then you aren’t stuck screwed when you are unable to trade your hours for dollars. 

These are not really naturally conducive to fitting in with a system we are fooled into believing is anything but a machine to fleece us for profit. Still good things to think about when changing the game for ourselves. 

Savings? I suppose that would be an indication that you are ahead of the race which would be nice. I resent keeping money in the bank, earning a pittance of interest, and enabling the banks to lend it out 10-fold for their own profit. Especially since HBD pays out 20% apr and can be used for a growing list of things. 

Such great conversations and socialization of strategies going on lately. Great to be a part of it.