How is financial stability defined for you? - page 2.

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Quote from: icalical on July 28, 2023, 02:28:14 AM

Quote from: JeffBrad12 on July 27, 2023, 05:55:31 PM

Quote from: serjent05 on July 27, 2023, 05:40:00 PM

Quote from: Jawhead999 on July 23, 2023, 08:04:57 AM

Financial stable is where you have few jobs and even one of your job are stopped, it doesn't ruin your financial because you still have the few other jobs. At least you still have money to feed yourself and family, pay bills etc. This is different with financial freedom where you don't need to work anymore and you're still making money when you sleep.

Financial stable is a must, if there's a family lack of financial, I'm sure the relationship will not good and there's a chance of conflict.

I highly agree with your that there are couples who often get into an argument due to a lack of financial funds. I came from a poor family and I often see this thing happen since my parents sometimes got into an argument due to financial shortages, but they fix things before the day is over.

Financial stability is indeed a continuous flow of financial funds that support our basic needs. Even with some problems around, we are able to continue with our living without any shortage of money since there is still a source of funds for us.

conflict due to financial is real, there are many that divorced for the sole reason of lack in the financial aspects. everyone might have different idea about what financial stability really is, but I think its all the same purpose that is to keep ourselves from starving and homeless.
my idea, is that, financial stability is about having back up plan, that could save us from becoming entirely moneyless.
having two or more jobs is fine, but I think having higher income is also more important and crucial. after all, with higher income you could literally save money for future problems that you might face.

Same here, most of the divorce I know happened because of the family has bad financial condition. I think everyone who want to get married and start a family need to got themself financially stable first. Making and supporting a family is expensive.

And as for me, financial stability is when I have enough money to both pay the bills, support my family lifestyles, and support my lifestyles. Just a casual lifestyles nothing luxurious.

That is a must have for me. Starting a family is not something you can just easily back away from the moment you realize that you can't fully take on the responsibility, especially when there are kids involved. Therefore it is truly better to be prepared before you take a step towards that direction. Ensuring that you have financial freedom to be your foundation in starting a family in this state of economy is vital.

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Quote from: JeffBrad12 on July 27, 2023, 05:55:31 PM

Quote from: serjent05 on July 27, 2023, 05:40:00 PM

Quote from: Jawhead999 on July 23, 2023, 08:04:57 AM

Financial stable is where you have few jobs and even one of your job are stopped, it doesn't ruin your financial because you still have the few other jobs. At least you still have money to feed yourself and family, pay bills etc. This is different with financial freedom where you don't need to work anymore and you're still making money when you sleep.

Financial stable is a must, if there's a family lack of financial, I'm sure the relationship will not good and there's a chance of conflict.

I highly agree with your that there are couples who often get into an argument due to a lack of financial funds. I came from a poor family and I often see this thing happen since my parents sometimes got into an argument due to financial shortages, but they fix things before the day is over.

Financial stability is indeed a continuous flow of financial funds that support our basic needs. Even with some problems around, we are able to continue with our living without any shortage of money since there is still a source of funds for us.

conflict due to financial is real, there are many that divorced for the sole reason of lack in the financial aspects. everyone might have different idea about what financial stability really is, but I think its all the same purpose that is to keep ourselves from starving and homeless.
my idea, is that, financial stability is about having back up plan, that could save us from becoming entirely moneyless.
having two or more jobs is fine, but I think having higher income is also more important and crucial. after all, with higher income you could literally save money for future problems that you might face.

Same here, most of the divorce I know happened because of the family has bad financial condition. I think everyone who want to get married and start a family need to got themself financially stable first. Making and supporting a family is expensive.

And as for me, financial stability is when I have enough money to both pay the bills, support my family lifestyles, and support my lifestyles. Just a casual lifestyles nothing luxurious.

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Quote from: Ultegra134 on November 03, 2021, 01:34:06 PM

How do you define financial stability for yourself? Do you believe that there's a thing as too much money? With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?

Financial stability for me is when you have more than enough. I mean, you're not just earning a stable income but has other resources to gain more, like a business, a side hustle etc. (aside from your real job).

Of course it's always best to have more since you won't struggle financially and that's satisfying to see the fruits of your hardwork. Thus, if you want to become financially stable don't settle for just one source to earn. So if there's an opportunity grab it, don't hesitate for the welfare of your family.

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Quote from: serjent05 on July 27, 2023, 05:40:00 PM

Quote from: Jawhead999 on July 23, 2023, 08:04:57 AM

Financial stable is where you have few jobs and even one of your job are stopped, it doesn't ruin your financial because you still have the few other jobs. At least you still have money to feed yourself and family, pay bills etc. This is different with financial freedom where you don't need to work anymore and you're still making money when you sleep.

Financial stable is a must, if there's a family lack of financial, I'm sure the relationship will not good and there's a chance of conflict.

I highly agree with your that there are couples who often get into an argument due to a lack of financial funds. I came from a poor family and I often see this thing happen since my parents sometimes got into an argument due to financial shortages, but they fix things before the day is over.

Financial stability is indeed a continuous flow of financial funds that support our basic needs. Even with some problems around, we are able to continue with our living without any shortage of money since there is still a source of funds for us.

conflict due to financial is real, there are many that divorced for the sole reason of lack in the financial aspects. everyone might have different idea about what financial stability really is, but I think its all the same purpose that is to keep ourselves from starving and homeless.
my idea, is that, financial stability is about having back up plan, that could save us from becoming entirely moneyless.
having two or more jobs is fine, but I think having higher income is also more important and crucial. after all, with higher income you could literally save money for future problems that you might face.

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Quote from: Jawhead999 on July 23, 2023, 08:04:57 AM

Financial stable is where you have few jobs and even one of your job are stopped, it doesn't ruin your financial because you still have the few other jobs. At least you still have money to feed yourself and family, pay bills etc. This is different with financial freedom where you don't need to work anymore and you're still making money when you sleep.

Financial stable is a must, if there's a family lack of financial, I'm sure the relationship will not good and there's a chance of conflict.

I highly agree with your that there are couples who often get into an argument due to a lack of financial funds. I came from a poor family and I often see this thing happen since my parents sometimes got into an argument due to financial shortages, but they fix things before the day is over.

Financial stability is indeed a continuous flow of financial funds that support our basic needs. Even with some problems around, we are able to continue with our living without any shortage of money since there is still a source of funds for us.

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Quote from: alastantiger on July 27, 2023, 01:17:51 PM

My take in this subject matter in what financial stability means is that we are living in a different world now where it is becoming harder and impossible for most people to become financially stable. It's not about poor financial habits anymore. The value of our money is shrinking because the cost of living, goods and services is increasing exponentially. We are budgeting. We are frugal. We are avoiding unnecessary debt because we don't have a choice. Yet, we aren't financially stable but financially scared. We are scared financially. This is why we opt for Bitcoin.

The key to reaching financial stability sooner is to be frugal during the good times, and not only when inflation/cost of living get so bad that you have no other option but to be frugal.
But yeah, it's really hard to build up some sort of financial reserve, knowing that there are no saving accounts that would at least have the rates matching inflation. So we have to take investment risks and hope for the best.
Back in the day, working hard to save enough money to retire early and live off the interest was a viable option, but seems like that ship has sailed and is not coming back.

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Quote from: Fredomago on July 27, 2023, 02:51:14 PM

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Quote from: Ultegra134 on November 03, 2021, 01:34:06 PM

How do you define financial stability for yourself? Do you believe that there's a thing as too much money? With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?

We humans have an insatiable needs and wants, because the more we get, the more we will want more, as our taste of everything will automatically increase just as the salary or money earn doubles, which is why at some point it it's hard to predict an amount that is likely to be enough to a man in his or her entire life. However, if I could be earning around $500 to $1000 monthly currently, I will consider myself financially stable for now.

Indeed, humans are forever discontented, once a person grows his income so does his expenses from necessities down to luxuries. Financial stability, to me is like being comfortable from where your standing at financially, without any debts and can able to buy necessities that can call sustain emergency situation financially. Income range depends on the person lifestyle preferences. Millionaires may also not financially stable especially when they are full of debts and their business has its possibility to go bankrupt as well. I've seen enough people who were once rich and got bankrupt.
Therefore, financial stability knows no range or amount of money to consider one, but it all depends on your lifestyle.

Indeed, no ranges of amount to consider as like how you define it, there are business owners who we think got the luxuries in life but behind from what we can see are all the loans that they needed to pay, and if the business is no longer doing good, the chance of getting bankrupt is always shadowing them, it's not a financial stability as we know that there are no assurance behind, it's still best to have enough and even not that luxurious type of life.

But enough to say that you are enjoying it with your love ones, having good financial stand that can cover your daily needs and have that spare to us for emergencies, either a stable job or business that can cover everything.

In expanding out our business then we do really need to take up a loan and its true that those businessmans are really that taking such step specially when we do speak about business expansion.
We might be seeing them to have a lavish life but we dont actually know on whats behind those acts on which we do even see the outer side of things and not the inner ones on which is happening.
They wont really be able to reach out that kind of certain state in life if they arent really that taking up such risks and we know that this is something that needs to be done to have that progressive
kind of life when it comes to finances but of course its not something that all would really be able to achieve on. Financial stability something pertains on having that kind of ability for you to make
that purchase without trying out to break your bank or doesnt something affect in speaking about numbers. This is the advantage if you do have tons of financial back ups and sources.

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Quote from: Oasisman on July 26, 2023, 09:57:32 PM

Quote from: CryptoHeadlineNews on July 26, 2023, 02:34:57 PM

Quote from: Ultegra134 on November 03, 2021, 01:34:06 PM

How do you define financial stability for yourself? Do you believe that there's a thing as too much money? With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?

We humans have an insatiable needs and wants, because the more we get, the more we will want more, as our taste of everything will automatically increase just as the salary or money earn doubles, which is why at some point it it's hard to predict an amount that is likely to be enough to a man in his or her entire life. However, if I could be earning around $500 to $1000 monthly currently, I will consider myself financially stable for now.

Indeed, humans are forever discontented, once a person grows his income so does his expenses from necessities down to luxuries. Financial stability, to me is like being comfortable from where your standing at financially, without any debts and can able to buy necessities that can call sustain emergency situation financially. Income range depends on the person lifestyle preferences. Millionaires may also not financially stable especially when they are full of debts and their business has its possibility to go bankrupt as well. I've seen enough people who were once rich and got bankrupt.
Therefore, financial stability knows no range or amount of money to consider one, but it all depends on your lifestyle.

Indeed, no ranges of amount to consider as like how you define it, there are business owners who we think got the luxuries in life but behind from what we can see are all the loans that they needed to pay, and if the business is no longer doing good, the chance of getting bankrupt is always shadowing them, it's not a financial stability as we know that there are no assurance behind, it's still best to have enough and even not that luxurious type of life.

But enough to say that you are enjoying it with your love ones, having good financial stand that can cover your daily needs and have that spare to us for emergencies, either a stable job or business that can cover everything.

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My take in this subject matter in what financial stability means is that we are living in a different world now where it is becoming harder and impossible for most people to become financially stable. It's not about poor financial habits anymore. The value of our money is shrinking because the cost of living, goods and services is increasing exponentially. We are budgeting. We are frugal. We are avoiding unnecessary debt because we don't have a choice. Yet, we aren't financially stable but financially scared. We are scared financially. This is why we opt for Bitcoin.

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Quote from: Pierre 2 on July 26, 2023, 12:00:36 AM

I feel like for me to become financially stable is to be able afford all my regular expenses + couple sudden/emergency ones. (I would count instant necessities at home like electric system or water idk). Some people think more on this and they say, to be financially stable you need to make more money than your wage so you would be able to outspend yourself sometimes. I personally don't count luxuries as necessary and not a part of bills to be taken care of to become financially stable.

Yes exactly in present era all of those individuals who can easily sustain their essentials are stable in their economy. Almost everyone thinks that they are not financially stable because they wants a luxurious life which does not identify your stability.

There will be lots of individuals who are wealthy enough but they are not happy with their lives so these are also not stable as happiness matters a lot. If a person's salary is enough to provide a home to his children and three time meal per day, good clothing and save some amount of money then he will be consider as stable either he accept this or not but he is financially stable.

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Quote from: Sanitough on July 27, 2023, 03:19:25 AM

Quote from: Jawhead999 on July 23, 2023, 08:04:57 AM

Financial stable is where you have few jobs and even one of your job are stopped, it doesn't ruin your financial because you still have the few other jobs. At least you still have money to feed yourself and family, pay bills etc. This is different with financial freedom where you don't need to work anymore and you're still making money when you sleep.

Financial stable is a must, if there's a family lack of financial, I'm sure the relationship will not good and there's a chance of conflict.

Yes. Financial stability should be a must, but a lot of people are still struggling on their finances not because they don’t have a stable job as a source of income, but because their financial management is wrong. Some even spend above their means just to satisfy their wants so expect that their finances will still be in trouble, thus making them still expose to debts that will definitely make their finances end up unstable.

Yes, you are probably right, because I see many people who still go to work every day but still have difficulties in life. In my opinion, the main cause is rising inflation and disproportionate wages that have led to financial turmoil for many families. When inflation hits, financial management will face a lot of difficulties if we don't quickly find other sources of revenue to balance the spending budget. Not to mention in life there will always be surprises. So if we want to be financially stable, we need to spend more time working.

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Quote from: Jawhead999 on July 23, 2023, 08:04:57 AM

Financial stable is where you have few jobs and even one of your job are stopped, it doesn't ruin your financial because you still have the few other jobs. At least you still have money to feed yourself and family, pay bills etc. This is different with financial freedom where you don't need to work anymore and you're still making money when you sleep.

Financial stable is a must, if there's a family lack of financial, I'm sure the relationship will not good and there's a chance of conflict.

Yes. Financial stability should be a must, but a lot of people are still struggling on their finances not because they don’t have a stable job as a source of income, but because their financial management is wrong. Some even spend above their means just to satisfy their wants so expect that their finances will still be in trouble, thus making them still expose to debts that will definitely make their finances end up unstable.

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Quote from: YUriy1991 on July 27, 2023, 12:54:26 AM

I am very inspired by what you have said above. Yes, right. There are several reasons why it is very important in managing the economic system, especially in a family. Stable finances will have a direct impact on the financial health of the family which forms healthy, controlled expenses and can be conditioned optimally, of course, from various existing sources of income. I also have goals for my children, one of which is so that they can also go to college like their other friends. Yes. This journey is still very long for us to go through.

There are many things that must be managed properly in life in the future and indeed everything will start from economic stability, therefore it is important to maintain economic stability from an early age and even maintain economic stability will not only have an impact on positive life in the future but also many positive things what will get.
I do not deny that it is important for us to be able to maintain economic stability in this life.

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I am very inspired by what you have said above. Yes, right. There are several reasons why it is very important in managing the economic system, especially in a family. Stable finances will have a direct impact on the financial health of the family which forms healthy, controlled expenses and can be conditioned optimally, of course, from various existing sources of income. I also have goals for my children, one of which is so that they can also go to college like their other friends. Yes. This journey is still very long for us to go through.

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Quote from: pawel7777 on July 26, 2023, 04:28:58 PM

I don't have a high-set bar for a definition of financial stability. If you have a stable source of income, don't struggle with your bills and everyday expenses + if you have enough savings to keep you going for at least a few months (in case you lose your current source of income) - then you can call yourself financially stable (not to confuse with being rich).

The perception of being successful usually is not a permanent feeling. The way we're wired is we keep setting ourselves new goals as we go through life. i.e. if you became a multimillionaire overnight say by trading bitcoin a few years ago, but you had nothing special going on since then, other than spending money that you earnt - probably you wouldn't be feeling very successful at all (despite having enough money to secure your and your childrens' future).

This is the most remarkable response I've come across. It's absolutely true that financial stability does not necessarily equate to being wealthy. In fact, at times, wealthy individuals experience significant fluctuations in their finances. I don't need such financial pressures in my life.

For me, financial stability must go hand in hand with a healthy body. I truly enjoy anything when I have a healthy physique. Additionally, another criterion I set for achieving stable financial standing is to be completely debt-free. That way, life remains calm and devoid of unnecessary stress.

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Financial stability can be measure with individua's saving, net worth, skill, education and experience etc. Apart from basic need if you are able to full fill yours along with family's other wishes like going on family vacation once or twice in a year. Get to gather with friends, parties, spending on your mental heath and peace is also financial stability. One more prominent point is, in your emergency just like medical emergency. In such hard time if you have enough capital to cure your disease and able to coming out from such serious condition then you are financial stability.

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Quote from: CryptoHeadlineNews on July 26, 2023, 02:34:57 PM

Quote from: Ultegra134 on November 03, 2021, 01:34:06 PM

How do you define financial stability for yourself? Do you believe that there's a thing as too much money? With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?

We humans have an insatiable needs and wants, because the more we get, the more we will want more, as our taste of everything will automatically increase just as the salary or money earn doubles, which is why at some point it it's hard to predict an amount that is likely to be enough to a man in his or her entire life. However, if I could be earning around $500 to $1000 monthly currently, I will consider myself financially stable for now.

Indeed, humans are forever discontented, once a person grows his income so does his expenses from necessities down to luxuries. Financial stability, to me is like being comfortable from where your standing at financially, without any debts and can able to buy necessities that can call sustain emergency situation financially. Income range depends on the person lifestyle preferences. Millionaires may also not financially stable especially when they are full of debts and their business has its possibility to go bankrupt as well. I've seen enough people who were once rich and got bankrupt.
Therefore, financial stability knows no range or amount of money to consider one, but it all depends on your lifestyle.

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Quote from: Ultegra134 on November 03, 2021, 01:34:06 PM

How do you define financial stability for yourself? Do you believe that there's a thing as too much money? With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?

I don't have a high-set bar for a definition of financial stability. If you have a stable source of income, don't struggle with your bills and everyday expenses + if you have enough savings to keep you going for at least a few months (in case you lose your current source of income) - then you can call yourself financially stable (not to confuse with being rich).

The perception of being successful usually is not a permanent feeling. The way we're wired is we keep setting ourselves new goals as we go through life. i.e. if you became a multimillionaire overnight say by trading bitcoin a few years ago, but you had nothing special going on since then, other than spending money that you earnt - probably you wouldn't be feeling very successful at all (despite having enough money to secure your and your childrens' future).

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Quote from: Vishnu.Reang on July 21, 2023, 06:55:13 AM

In my point of view financial stability is apart from your basic needs food, shelter and cloths. If you don't have to worry about your medical emergency, good education for your children, getting educational degree from reputed university, several investment in real estate etc. personally I feel this is the symbols of financial stability for any individuals. Financial stability is very crucial in life which needs to be carefully handled because this only will define how we are going to lead a comfortable life in current and in future.

True. Financial stability is living a comfortable and prosperous life at the present without worrying in the future since you know everything has been set and plan for good. It allows you to live life to the fullest without worrying on your bills and insurance. The reason why financial stability becomes a crucial target that needs careful management once completely achieved.

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Quote from: Ultegra134 on November 03, 2021, 01:34:06 PM

How do you define financial stability for yourself? Do you believe that there's a thing as too much money? With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?

We humans have an insatiable needs and wants, because the more we get, the more we will want more, as our taste of everything will automatically increase just as the salary or money earn doubles, which is why at some point it it's hard to predict an amount that is likely to be enough to a man in his or her entire life. However, if I could be earning around $500 to $1000 monthly currently, I will consider myself financially stable for now.

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