Lessons learned after striving to save money at the age of 30. - page 2.

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Quote from: YUriy1991 on July 18, 2024, 10:43:55 AM

Quote from: Jatiluhung on July 17, 2024, 05:53:40 AM

Whether we realize it or not, we will actually continue to gain new insights from every experience we have every day we live. It's just that there are those who really use their time well and there are those who don't. Investing can be in many ways. Whether in finance, insight or exploration to gain experience. But because we focus on financial matters, we must realize that to build good finances it must be based on good self-discipline. Both in work consistency and consistency in financial management. Starting to invest and save must be done as soon as possible when we are aware of the importance of maintaining and building financial stability. And we will start to be grateful one day for being a disciplined person in terms of finances and life.

I agree, but the pattern and technicalities are of course different, one thing is certain that always have an umbrella ready before it rains and everything must be prepared, especially if we are over 50 years old and of course our physical and mental condition will not be as strong as when we are 30 years old, of course.

If you are talking about 50 years old it is time to enjoy the results of your investment journey in life at a young age, it is too heavy to think about investing in old age like that, it will only burden you yourself, investment must be done while we are still prime in working or doing business to enjoy in old age, yes maybe polarization is different but it does not become an excuse if we want a much better old age, yes we must be able to work on what we have to get and collect as financial provisions in old age.

Quote from: YUriy1991 on July 18, 2024, 10:43:55 AM

Quote from: crwth on July 17, 2024, 08:03:24 AM

The post is quite vague in terms of context and from what I understand it seems like shortchanging it’s just making yourself buy cheap stuff. So I think it’s quite the opposite of what you should do. You need to shortchange so you can cheap out on stuff and then save a lot more.

I think the OP has the opposite thing in mind.

Of course, quality ones are of course expensive and have many enthusiasts. But on the other hand, I think OP also wants to emphasize that we must also be balanced, meaning that not only investment and savings need to be spared and become the main focus, but OP also sends a message to maintain our mental and physical health conditions and be able to live this life normally as usual.

Yes we can interpret it differently in what the OP said about what he meant, everyone's interpretation is different, but I agree that what is said to be balanced includes many things that we can see, as you said that investment can be implemented in many things such as health, thinking, knowledge and others which are the forerunners of a much better life and are prepared as early as possible including investing in life to be more balanced.

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Quote from: Wakate on July 12, 2024, 01:33:50 PM

If you want to love only yourself when you might have other responsibilities to carry? I don't think this is really a good idea because there are other things you can do that could make life easier for you without having the mentality of living yourself too much which can be quite of a greed. Saving is the most important favor we can do for ourselves and we need to make sure that we try as much as possible to fulfill our duties as a man at the age of 30. Things are no more as easy like the ways it was before and it is good we try as much ass possible for us to keep adjusting. As we are loving ourselves, we need to love the family ans people around too.

It is impossible for you to do everything on your own, and one thing you cannot do is go out on your own. You need other people to support you. Loving yourself is not a bad thing, but if you do it too much, you won't follow other people's lead. For this reason, you must love orders just as much as you love yourself. You still need to have friends to always stay with. you having friends Does not mean you won’t save money or stops you from saving money. If not for greed, friends does not Stop You from saving money. instead of saving your money, why not invest into something this kind of advice you get from friends so it is better to have friends and make your plans friendship does not stop anybody from achieving anything. And when you are at your 30s, I think at this point you should be able to make plans for the future if I’m not mistaken around 30 person supposed to be married and focus on how to build your family on this present day things are becoming more difficult and difficult every day so the better you start planning the better you achieve a lot of things because it is age at to be able to achieve something.

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Quote from: Jatiluhung on July 17, 2024, 05:53:40 AM

Whether we realize it or not, we will actually continue to gain new insights from every experience we have every day we live. It's just that there are those who really use their time well and there are those who don't. Investing can be in many ways. Whether in finance, insight or exploration to gain experience. But because we focus on financial matters, we must realize that to build good finances it must be based on good self-discipline. Both in work consistency and consistency in financial management. Starting to invest and save must be done as soon as possible when we are aware of the importance of maintaining and building financial stability. And we will start to be grateful one day for being a disciplined person in terms of finances and life.

I agree, but the pattern and technicalities are of course different, one thing is certain that always have an umbrella ready before it rains and everything must be prepared, especially if we are over 50 years old and of course our physical and mental condition will not be as strong as when we are 30 years old, of course.

Quote from: crwth on July 17, 2024, 08:03:24 AM

The post is quite vague in terms of context and from what I understand it seems like shortchanging it’s just making yourself buy cheap stuff. So I think it’s quite the opposite of what you should do. You need to shortchange so you can cheap out on stuff and then save a lot more.

I think the OP has the opposite thing in mind.

Of course, quality ones are of course expensive and have many enthusiasts. But on the other hand, I think OP also wants to emphasize that we must also be balanced, meaning that not only investment and savings need to be spared and become the main focus, but OP also sends a message to maintain our mental and physical health conditions and be able to live this life normally as usual.

STT

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The only thing to learn is the value of compounding both positive and negative. The classic mortgage the nicest form of debt still involves the debtor buying both a house for themselves but also for the lender. The amount of debt payable over decades is so great it equals the cost of 2 houses not one yet you will only end up owning one. Thats a fair take on the nicest form of debt out there, just think how much worse credit card debt is if we are honest with ourselves.

The most positive thing to do when young is pay off that compounding debt and stop giving money away to lenders. They love you for it but you are too generous in gifting away your wages like this. The positive form of compounding is mostly investment and its much harder to do because you wont get this deal. You must find where growth in industry investment is faster then the costs of operating, but in any case even a standard index tracker will compound the investment returns for you especially when young your pension gains alot.

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The post is quite vague in terms of context and from what I understand it seems like shortchanging it’s just making yourself buy cheap stuff. So I think it’s quite the opposite of what you should do. You need to shortchange so you can cheap out on stuff and then save a lot more.

I think the OP has the opposite thing in mind.

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Quote from: Marvelockg on July 01, 2024, 08:28:01 AM

Quote from: shanhaigamefi on July 01, 2024, 05:17:58 AM

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.

You know, while you're saving and preparing for the future, it's necessary not to leave out the present reality and just focus on the future breaking relationships and denying yourself all that is needed to live comfortably all because you're saving it investing for the future. Their are several individuals that neglect their families and core responsibilities in pursuit of an investment part they've chosen and when it's time to reap the fruit of thier savings or investments, they discover that they've destroyed a lot of things while building thier investment and might not be in good terms with the right people when the investment matured. The more you're advancing in your age most likely from age 30 and abive, it's necessary to reduce how long you're considering making an investment for so you don't deny yourself a huge part of life while waiting for your investment to ripe.

Balance matters a lot. In life, we set different priorities most particularly in our financial goals because it creates a huge positive impact when you are financially stable and secured than when you struggle for money most of the time. However, we should also not underrate our own physical, mental and emotional needs as they matter a lot in order to live a peaceful and healthy life. Saving and investing are definitely the keys to success and wealthy life, but along with that future's goal, we should also learn to live with our present life without compromising its needs and wants because we are too busy working for a great future.

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Quote from: shanhaigamefi on July 01, 2024, 05:17:58 AM

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.

I don't really understand what you are saying, but I'm just trying to answer if I'm wrong, please forgive me. Of course, when we save, we cannot ignore the balance in our own lives. This must be balanced, because why save if we can enjoy life, money is a way to enjoy life and create future assets.

But honestly, saving will not make you rich because saving will not be able to fight inflation, that's why many people want to invest because investment can fight inflation. There's nothing wrong with saving, but save enough, some of which you can use to invest in Bitcoin, gold and property. But remember, you have to have balance and don't neglect to love yourself. Because many people are too ambitious about saving and investing but are stingy with themselves so they cannot love themselves, let alone their family.

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Quote from: Jatiluhung on July 17, 2024, 05:53:40 AM

Quote from: MissNonFall9 on July 12, 2024, 11:54:43 AM

As long as you live you will have to constantly learn various lessons and experience various types of experiences. And those who belittle themselves can never do good and great work because in every work they have to face hesitation thinking, "Am I doing right". And balance exists in every activity of life. Understanding and following this balance is key to growth.

Whether we realize it or not, we will actually continue to gain new insights from every experience we have every day we live

learning does not stop and even if we are old and full of knowledge we still should be open to new kinds of experiences and knowledge we are not always on top of the world sometimes we are still at the other end of the stick even if we have gone through challenges the best we can do is keep learning and keep surviving

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Quote from: MissNonFall9 on July 12, 2024, 11:54:43 AM

As long as you live you will have to constantly learn various lessons and experience various types of experiences. And those who belittle themselves can never do good and great work because in every work they have to face hesitation thinking, "Am I doing right". And balance exists in every activity of life. Understanding and following this balance is key to growth.

Whether we realize it or not, we will actually continue to gain new insights from every experience we have every day we live. It's just that there are those who really use their time well and there are those who don't. Investing can be in many ways. Whether in finance, insight or exploration to gain experience. But because we focus on financial matters, we must realize that to build good finances it must be based on good self-discipline. Both in work consistency and consistency in financial management. Starting to invest and save must be done as soon as possible when we are aware of the importance of maintaining and building financial stability. And we will start to be grateful one day for being a disciplined person in terms of finances and life.

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Quote from: Yukyzu on July 15, 2024, 11:31:20 PM

if someone is still doubtful about all the potential they have of course it will be very difficult for that person to be able to develop and try something that makes them better than before and it is very important for someone to be able to do research on something. what they have done and if we find a mistake in something we did, of course we have to go back to study it so that it can be corrected and not repeat it again with the same mistake to achieve what we want.

I think the luck that someone gets in trying is of course accompanied by the hard work they do and it is very unlikely that someone will get luck by doing nothing. Of course someone has to try first so that luck comes to them and will be able to get the results they want.

I believe that there are a lot of people who do not really understand what bitcoin can do. It's normal because not everyone really knows how this works as well, because it is not a simple thing at all. I understand that it takes some time, and I understand that it may not be simple, but in the end we are seeing something quite strong here.

I personally believe that we can make it work one way or another, and shouldn't really consider it a big deal. I believe that we are going to see stuff changing, and when that does finally happen, we are going to see a lot more issues. So all in all, I would say that the best way to move along is ignoring all the people who doubt it, and just focus on the belief we have into this whole thing.

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Quote from: shanhaigamefi on July 01, 2024, 05:17:58 AM

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.

I took two points from the contents of your post, first, how balance will be created if someone can live frugally by prioritizing financial independence through work and not trying to be someone else in living life.
Second, to love ourselves we need to change our lives for the better and always maintain hope in the process of living more independent. Happiness, self-love and balance are processes that need to be prepared because people need a much better life.

Doing business, saving or investing is a way to achieve financial freedom and we are required to work to make money as a step to fulfill a more decent life.

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Quote from: shanhaigamefi on July 01, 2024, 05:17:58 AM

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.

One celebrity said that in this current time, life is not all about getting rich and makes you the wealthiest man on earth, but rather it’s about how you make your life beautiful and meaningful, and how you create impact to others because once your gone, your life’s riches will not be remembered but only the good deeds and legacy that you have made while you are still alive.

From here, I come to understand that focusing on making and earning more money is very unbalanced, as there are still others things in life that you also have to give your attention. Don’t be too obsessed with your wealth, but rather focus more on how to live your life at its fullest, as we can’t be certain if tomorrow will still be possible for us. Life is uncertain, so do things that will make you happy, not to make you more pressured and depressed. Money is important, but that should not be the sole basis of our life’s happiness.

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Quote from: Yukyzu on July 15, 2024, 11:31:20 PM

Quote from: Republikcoin.com on July 15, 2024, 03:00:24 AM

Quote from: MissNonFall9 on July 12, 2024, 11:54:43 AM

As long as you live you will have to constantly learn various lessons and experience various types of experiences. And those who belittle themselves can never do good and great work because in every work they have to face hesitation thinking, "Am I doing right". And balance exists in every activity of life. Understanding and following this balance is key to growth.

People who still doubt themselves will find it difficult to develop, especially if they still ask themselves about the truth and error of what they have done. Even though everyone has the time to do research on anything before doing it, there is certainly no need to question ourselves as long as we know the direction and what the results will be. Because everyone just has to try their best without having more doubts and if for example the results obtained are still bad, this may still be hindered by the level of luck a person has in his work.

I really agree with you, if someone is still doubtful about all the potential they have of course it will be very difficult for that person to be able to develop and try something that makes them better than before and it is very important for someone to be able to do research on something. what they have done and if we find a mistake in something we did, of course we have to go back to study it so that it can be corrected and not repeat it again with the same mistake to achieve what we want.

I think the luck that someone gets in trying is of course accompanied by the hard work they do and it is very unlikely that someone will get luck by doing nothing. Of course someone has to try first so that luck comes to them and will be able to get the results they want.

Life is all about challenges and if you are trying out to achieve something then it would be just right that you should really be thriving for it to happen on which facing up on any challenges and hardship that you would really be able to encounter. If ever you are on such condition on where you've seen that there's no chance for it to happen then better think not and still proceed. There are really things that it wont really be easily be able to obtain no matter what you do. Although, it would really be just that still depending because there are indeed things in life that no matter how hard we do but still we do fail then this is the moment that you do consider on quit and find for another career path to take because this is really that indeed true but on the moment that you are still starting to go ahead with your plans then you must do it.

Age of 30 isnt really that still late for you to start because there are people who do become successful on the time that they do reach up this age or actually there's no such thing
about age gap or level for you to achieve something because it would really be just that a personal projection when it comes to this manner about having those targets and goals.

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By striving to save money at the age of 30 valuable lessons can be learned. The importance of financial discipline & budgeting becomes apparent as it allows for smarter spending & long term savings. The significance of setting specific financial goals & creating a realistic plan to achieve them is emphasised. The power of delayed gratification is recognised as sacrificing immediate wants can lead to greater financial security in the future. Also the need for diversifying investments & understanding the principles of compounding interest becomes evident ensuring a stronger financial foundation for the years to come.

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Quote from: Republikcoin.com on July 15, 2024, 03:00:24 AM

Quote from: MissNonFall9 on July 12, 2024, 11:54:43 AM

As long as you live you will have to constantly learn various lessons and experience various types of experiences. And those who belittle themselves can never do good and great work because in every work they have to face hesitation thinking, "Am I doing right". And balance exists in every activity of life. Understanding and following this balance is key to growth.

People who still doubt themselves will find it difficult to develop, especially if they still ask themselves about the truth and error of what they have done. Even though everyone has the time to do research on anything before doing it, there is certainly no need to question ourselves as long as we know the direction and what the results will be. Because everyone just has to try their best without having more doubts and if for example the results obtained are still bad, this may still be hindered by the level of luck a person has in his work.

I really agree with you, if someone is still doubtful about all the potential they have of course it will be very difficult for that person to be able to develop and try something that makes them better than before and it is very important for someone to be able to do research on something. what they have done and if we find a mistake in something we did, of course we have to go back to study it so that it can be corrected and not repeat it again with the same mistake to achieve what we want.

I think the luck that someone gets in trying is of course accompanied by the hard work they do and it is very unlikely that someone will get luck by doing nothing. Of course someone has to try first so that luck comes to them and will be able to get the results they want.

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Quote from: shanhaigamefi on July 01, 2024, 05:17:58 AM

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.

some important lessons to learn while striving to save money,it is good to save money for rainy days. Now When striving to save money please make sure that you have source of income so as to when you have planned what that money will be used for it can't be tempered because it is being saved for a particular thing.. saving is good though because it come through when one has difficult issue that money could help... to strive to save is kind off challenging for some persons because they don't have enough to save. One could save through investment that money being put into an investment can yield more profit comoare to the amount being invested.

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Quote from: MissNonFall9 on July 12, 2024, 11:54:43 AM

As long as you live you will have to constantly learn various lessons and experience various types of experiences. And those who belittle themselves can never do good and great work because in every work they have to face hesitation thinking, "Am I doing right". And balance exists in every activity of life. Understanding and following this balance is key to growth.

People who still doubt themselves will find it difficult to develop, especially if they still ask themselves about the truth and error of what they have done. Even though everyone has the time to do research on anything before doing it, there is certainly no need to question ourselves as long as we know the direction and what the results will be. Because everyone just has to try their best without having more doubts and if for example the results obtained are still bad, this may still be hindered by the level of luck a person has in his work.

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Quote from: bitgolden on July 12, 2024, 03:34:42 PM

Mental health part is very important. Some stuff that helps you are cheaper, like I have a friend who likes to hike, and while he did spend a quite a huge amount of money eventually to be able to hike huge distances, he started out with just any ordinary clothing and any shoe, well preferably a walking shoe. he gradually spent more, but you could just walk, if that makes you feel better.

However, if you want to spend some money that you can afford to, in order to get what you want, then you could probably do fine about it, keep yourself happy so you are healthier. A depressed person will not be able to make much money anyway, not usually. This is why it's important to realize that you should always find a way to spoil yourself time to time, not always, just a few times a year.

That makes sense, a person should take care of themselves and their needs and wishes sometimes and there should be no problems with that as long as they are not overdoing it. By overdoing it I mean spending a lot of money on things that aren't very important, even if you are earning a lot of money and can easily afford to do that, you still shouldn't do it because there can be tough times in life as well, so when we are doing well, we should prepare for the times that might not be as good as the present.

Many people earn a lot of money, they have multiple sources of income, but the mistake they make is they don't build assets with that money, they don't save any of it, and they just keep earning and spending at the same time, and eventually, when time starts to not favor them anymore, they realize that they have made a mistake and they should have done something for their future at least.

So, spending money on yourself or on things you like or need has nothing wrong in it, but make sure that you are not overspending on such things.

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The lesson learned should be save early and often. Loving yourself is good and great but has nothing to do with finances.

Here’s what I tell my clients daily, in the 20 years of being a financial adviser I’ve never once had someone call me up and say “hey man, I’m pissed off, I saved too much for retirement”. I doubt I ever will get a call like that.

Run a monthly budget at least once a year. This is the ultimate way to make sure you’re saving exactly as much as you could be!

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Quote from: shanhaigamefi on July 01, 2024, 05:17:58 AM

The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.

I am about to get into a part of my life that will probably be the "richest" I have ever been very soon, in a few months. I am still in huge debt and trouble right now, but some unfortunate things happened and I will have more money starting after September. By October, 1st I will have a life that will be quite rich, not rich like I own a yacht rich, just rich enough to say that I have no debt, and for the foreseeable future I do not think that I will have any debt, unless something major happens again.

This is why I think we should realize that we are going to have a decent life, and for that to mean something I think I learned that saving doesn't help you, investing does, and that is why I will start to invest more and more.

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