Topic: Imaginary Future - page 4. (Read 911 times)

you woudln't die of being a frugal and you get to save something for whatever you wanna buy in the future.  imdon't see being frugal can be considered greed either. a person who kept his wealth on his own can give it to his kin soon once he die.

all his stuff are up for grabs by the relatives he left. it wouldn't be a waste still. but he could have enjoyed more if he make use of his money when hes younger. traveling to places isn't spoiling too much to treat yourself.

But is it good to be too frugal, only thinking about the future and forgetting about the present? What is the future, is it tomorrow? And if we only think about tomorrow, does that mean we will always worry about it until we die? What is financial freedom? Because human greed has no bottom, once we have it, we want bigger things and if we keep doing that, when will we stop to enjoy life? To me, the future is something that needs to be carefully prepared, but don't neglect the present, we need to balance our lives instead of just thinking one way.

It's true Future is uncertain. Saving and investing provide a solid foundation to face future challenges and the arguments you convey are quite wise, which requires the key to sound financial management to support long-term financial goals and the fact is that most of us, when we have a little excess fortune, always forget ourselves. as if this is no longer needed even though life still has a long journey

I think saving should also with calculation, if the saving is sufficient for reaching financial freedom in the future then it will be worth saving, at least if it can help us reaching financial freedom around the age of 35-40 that already awesome enough but however if the income so low we are saving a dime, then i guess we should be concerned in increasing income, i have seen many that saving money despite just saving a dime, doesn't really work well, instead they forgot to spend those money for the betterment for themselves right now so that they could be getting massive increase in income but instead already thinking about their supposedly imaginary future where they gonna buy some stuff that they want but went broke after that.
I think therefore saving should also be calculated, whether it will help betterment of financial circumstance or instead would be just a waste of time and opportunity.

I believe that it depends on who you live your life for in the end. I mean I am married, hopefully I want to have kids in the future as well, which means that I will not live my life for myself which means that I can save and invest for the future and I can miss all my life and juat ignore everything else. If I live poorly and leave a ton of money to my kids then ı will consider that a life lived good. I believe that living excess is useless, what am I suppose to do with a billion dollars for example? Like what am ı suppose to buy? But if I can leave money for my kids then I will be very happy about it for sure.

Super obvious point would be its possible to do many things without money.   We're in a conspicuous consumption society for many years now so the mindset is you must spend wages as much as possible or you dont even exist but its really not true.
  Thats all I'm reading from that, to save money I would suggest you take away a percentage for the house mortgage or whatever and not consider it as possible money to spend.  It does save you expense in the end as renting is usually more expensive etc.  just walking in a field is free but boring to some I guess :p   Some people live near no fields at all, being grateful for simple things is a literal life skill imo cant be overrated.

https://www.investopedia.com/terms/c/conspicuous-consumption.asp

In as much as saving and investing for the future is good, it should not deprive you of all the things and activities you need to involve yourself with in other to be happy, am only against reckless spending, we should be minimal in spending, and you should not invest all your income for the future, that won't be considered as a wise act, what if in the process of investing and saving for the future you die, what will be your benefit, am of the opinion that we should invest and use little for ourselves, no one can predict his or her tomorrow, just try to save the little you can, as parents I know that it is not easy to see your children suffer, but preparing them for the future is not only by saving and investing for them, because if you don't give them orientation, everything you built will be brought to zero, the task ahead may be so heavy for them to comprehend and withstand.

I enjoy every moment of life and also try to make sure that save/invest for the future. I try to strike a balance such that I do not overspend money while trying to feel alive living, and do not focus too much on saving and investing that I neglect myself from living and engaging in activities good to keep body and soul together.

I have a very active social life, but I do not waste money on living and on excesses, everything is done on a budget, and only after my basic needs have been attended to.

Everyone has to do investing and also living life, but if you still haven't made a profit, refraining from spending it is something you have to do, don't waste money just because you want to fulfill your desires today, be wise in manage your finances because that's the only way you will be happy in the future. There is nothing wrong with fantasizing about the future, what is wrong is that you are wasteful and don't have savings.

The future comes after the present passed and most people live in the present but they are worried about the future without knowing whether they will see the future or not. These types of people do not take any enjoyment from the present and save money. They eat less, work hard, enjoy less, and spend a small amount of money because they have a misconception about what will they do in the future. I sometimes guide these types of people who do not worry about future things that are going on now and will also be going on in the future maybe it will be better than this and no one saw the future so you take worries above the future. In Saving money for the future you ruined your present and this present time will not come again.

Just do not overthink it too much. The more you think about your past and future the more you ruin your present. It is a fact and it is 100% true. But it only applies when you overthink. Thinking about future is what people do in order to achieve success. I'm thinking about past helps people to judge their action and also helps them stay away from making the same mistake. Only when you overthink it, it becomes a problem.

Plan out few steps ahead of you but not the whole journey. You may not get the experience that you have expected for because nothing ever goes as planned. We do mistakes, we learn and move on to do something better than that. If you get lost in your own thoughts, no one will ever be able to take you out from that ocean. Better to enjoy with what you have and in future if it gets bigger, you get to enjoy more. That's how life should be.

Thank you for finding that part didactic. Honestly, if only we could take out a minute and reflect on life issues and the vicissitudes there are, most of us will be greatly humbled by the nothingness of our existence. I laugh whenever I see people boast of material acquisitions while their families are in ruins because they abandoned them to penury.

Anyway, that's me digressing a bit there. 🙈

It is a very easy trap to fall in. Spending patterns can change throughout your life however and I'd recommend to anyone to spend money more freely when you're younger. On experiences and travelling which can really help broaden your mind, which in turn can increase your knowledge. It can get harder to do certain things as you get older, so hoarding money until you retire can lead to great regrets. Everyone has a different journey and spending power, so it's hard to give advice that will fit everyone, but it's always good to save instead of spending of frivolous items and services.

Most of the people are doing this like they just think for the future but make their present upset but I think that if you cannot afford present expenses then you should not invest any amount because by doing so you are not only making yourself upset but your family also become unsatisfied.

For investment that money should be used which are not for general use and you feel that it will not be used in coming days or month. It is true that with investment you will earn more and will make all your dreams come true but it is also true that if on time dreams remains incomplete then after specific age there is no need to have that in life.

Extreme sacrifices, especially at the risk of one's health, are unproductive, while disciplined saves and investments are essential for a secure future. While extremes should be avoided, adopting smart decisions to save and invest for the future, even if it means foregoing certain present pleasures, may be sensible. It's about finding a happy medium that corresponds with one's personal aims and ideals.

In as much you see the reality of death and people are dying daily and you don't know when it is going to come to you but it is the reality that it will come, so you need to also balance your life. In other words, you have to live for today to see tomorrow. Don't put yourself under pressure to save and plan for tomorrow because pressure also is not good for your health. If you allow your health to detiorate, it means you won't be able to continue even in the future.

So in as much you are planning for the future, also make the best of today. A good life also keeps you for tomorrow. Planning for future is good but depriving yourself of today is bad and balancing your life is better.

Ambition factor, if we get one we want two. but unfortunately they don't have time to take care of themselves, even their family and health. Oh yes. I have a friend who often says, don't give your money to the doctor (for treatment) when you are unwell, but use it for you and your family and I have this good advice. Sir, I think this is good advice from you "We have to learn how to live now and also project a little into the future." Thank You.

Yes, I do, like so much even. I believe in "giving up your youth for your future" and that is probably the project life I'm still living. But there are extremes to which such things can go.

The first would be your health. This is an international board so many of you here may not know what "Garri" is. It's kinda like a flake/ grain made out of cassava, mostly produced and eaten in Nigeria. So, there was this time, not long ago when I was bent on saving money " for my future" and I deprived myself of proper food only to eat cassava grains (literally all day on some days) and it got to the point where I started feeling continuous stomach ache. I was scared cause I couldn't pick between appendix, diabetes, or ulcer but I knew I was feeling the symptoms of something.

So, I had a meeting with myself and asked one question " If I eventually developed one of these three things in my system, would my future self be happy with me?" Of course, the answer was no. As much as you want to save and invest in your future, I don't think we should disregard some things. Apart from eating healthy, I believe disregarding things like buying books and appearing nice shouldn't be disregarded either, attending parties and occasions ( which can earn you connections and alumni ) shouldn't be overlooked also.

All in all, instead of making extreme sacrifices, investing in your present is probably the best way of investing in your future, and always asking yourself if your future self would be happy and proud of you before making any decision is also very important.

I don't think so, I've never lived too simply to not buy the things I want, especially for basic necessities and other needs such as clothes and accessories. I live moderately but not excessively. To be able to invest we need to save from our monthly income, I don't really force myself to save, I usually appreciate myself when I have finished tiring work, this sometimes makes my enthusiasm return quickly after being tired of working

For me, enjoying life is important, because being too forced to save will make us stressed and unable to enjoy life. It's a good idea for us to think about earning more income so we can save money without having to live too simply

Indeed, sometimes it has to be like that, when our income is not sufficient to be able to have savings and have quite large investments, then as much as possible we have to live frugally and refrain from buying the things we want. but this is a wrong behavior, because this will only torture ourselves. And to have savings and investments that are quite large in amount, then we can say that apart from living frugally, it would be better to fulfill those savings and investments by looking for mining income, so that this can enable savings and investments to remain fulfilled, but what so that your wishes can be fulfilled. But we also have to live wisely and regularly, by determining when we should save money to save and invest, and when we should grant our wishes to buy what we want.