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RE: LeoThread 2024-07-16 15:45

in LeoFinancelast year

Getting Ready for Tough Times, just in case... #shtf Day 2

Pick your favorite Dooms Day scenario, and let's use this #threadcast to inspire each other find ways to live with more self-reliance.

Why? Because the world seems to be falling apart... And if it never crumbles, we'll still win at life!

Thread and Share Your Knowledge:

  • Tips and Tricks for saving money
  • Side Hustles and Gigs
  • Food/Health Sovereignty Ideas

Don't forget to use the #leopreps tag

PS: Let's focus on solutions please, and not the doom's day scenarios, thanks 😜

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I have a side gig that brings in a little income on Etsy. it's reliant on that platform for now... but the plan is to create my own website soon. For now I'm growing an email list. #leopreps

A dollar saved is more than a dollar earned when taxes are figured in.

I spent 3 years trying to live without money, just to see if I could. Never got to 0 a month but got very close so now I know how to budget 🙃

That's an impressive feat!

first calculate the things you waste the most money on and attack those. Get over your addictions. Those cost most people 10-20% of a full salary

Oh my god, that's so true!!! You know cigarettes in NYC now cost around $18 a pack?

WHAAAAAAT that's insane!

Yep and that's an expensive habbit here!

if you don’t have money for entertainment, be the entertainment. I play music so I’d organize shows. That way I never had to pay for tickets. You can have a potluck party, if you host a party at your house

This is a great idea!

Spend less than you earn.

Yep that is a big one, not a lot of people understand really... it's sad.

They simply lack the emotional control to be disciplined to live like that.

I spend lesser than I earn, I hope is a safe idea? 🤣🤣🤣

Then you need to invest the rest.

I always live the "rest" with the "rest" and take the lesser only.

Lol

Smart move on that one.

Hahah, am leaning how to be brained like you.

Do not focus upon income. Concentrate on accumulate assets.

Income is nothing more than slavery. Assets can generate income which is not controlled by a boss or company.

But at some point, one needs some sort of income to buy assets no?

That is true but that is why people work. But if they do not use the income to accumulate assets they are stuck on the hamster wheel of trying to get more income to keep up with their lifestyle.

I see this happen to too many people around me. No matter what I say they can't give up the spending more than they earn! But they do tell me, every time I take a trip somewhere: it must be nice to be wealthy! We make the same amount of money by the way! LOL

Even worse they go into debt to fund their habits.

Oh man, that's so true!

Yep. And they do it willingly. Nobody forces them.

Complete foolishness.

It's kind of funny, because it doesn't matter where. There will always be these people in the world.

yes there will be. but if everyone was wise with money... would there be as much money being made where there is money to be made?

I know exactly what you mean. I've heard this several times and am just frugal with my expenses. Most people don't understand this.

Man is a rat, works day and night, lives to work and works to live.

It's a never-ending cycle if the person doesn't wake up and want to get out of that bubble.

You're right, if people have this mentality, they will be able to be more successful in their investments and, of course, in their lifestyle.

I intend to focus on this from now on.

This is very true. Assets, unlike a job will provide me with financial freedom and independence from the control of others. Thanks for this highlight

Do you know how to grow food?

Now and I do my fishing at the fish counter.

But to prepare a good fish for lunch, you will need onions, tomatoes, lettuce...

Do you know how to plant that, Task?

I'm surprised about the fishing bit coming from you... I'm sure you would teach a man to fish over giving him fish!

I know, if something happens that I need this in the future, I will be prepared.

What remains is to save good seeds for this.

And seeds don't last forever

No, but it is important to plant and harvest and do these cycles every time so that you will have infinite seeds.

Well that's the thing though, you can be mentally prepared to grow food, but it does take some trial and error... our first garden was mostly eaten by the groundhog!

It's important to be prepared for what could go right and wrong. Unforeseen events happen and this is normal.

Lets get down to work 🤣🤣.

Every week, I spend a set amount of USD to buy dividend paying stocks, dolar cost averaging that and Bitcoin

Find ways to pay less that you are paying for the same thing. In Japan, supermarkets discount fresh food at 7 or 8 pm so if you shop around that time you get 50% off on pre-cooked food

Oh.. I didn't realize that was a thing in Japan. There's a little Japanese shop in Queens, every perishable item was at a huge discount when we got there at 8pm. Lol

Wow, they do it over there too? Take a picture next time and tag me :-D Would love to see what they are selling

Will do next time I'm in town

find ways to monetize your hobbies. Hive makes this easier. You can turn your study or hobby into a post or an initiative