Topic: Lessons learned after striving to save money at the age of 30. - page 4. (Read 1215 times)

No one can deny that there are quite a lot of benefits that can be felt by saving at a young age, but what we also have to realize is that not everyone has the opportunity to do that at a young age, perhaps due to environmental influences or inadequate income.
So we shouldn't just focus on that, we can still do many things even if we don't have savings, the most important thing is knowledge, in my opinion it is a big capital in life.

If you want to enjoy your old age you can't always do it by saving, in fact I think a good plan for enjoying your old age is by investing.

Saving is of course a very important thing for everyone to do because without having savings it will certainly make someone experience difficulties when they need funds but they can't get them because they don't have savings, as you said to be able to invest, of course you need capital and if we don't having funds that we can use of course cannot carry out investments and borrow capital to invest of course this will be very risky if we cannot carry out investments well of course this will be a problem for ourselves.

If we start saving at a young age then this will be very useful in old age because if we don't start saving at a young age of course we have to continue working until we are old. Of course this is not what everyone wants because of their age. Of course everyone wants to enjoy their old age by relaxing with their family, so it is very important for us to be able to have savings so that we don't experience financial difficulties when we are old.

Saving should not be underrated since it is through saving that we can gain funds to invest without borrowing the capital. Of course, we shouldn't stop with saving alone but use it as an edge to invest. When the time our investment turns into a success, that will give us bigger opportunity to save more funds so we can prepare for a bright future ahead, otherwise saving alone won't get you that far from the time you've started.

Simple and concise, just the way I like it lol.

I would totally agree with you on this one. The fact of the matter is that people are so invested and so bought in with the whole grind and hustle movement that they oftentimes forget the very reason they are building money and wealth is not so they can flaunt cars and houses and fuck bitches. It's to live comfortably where you wouldn't have to worry about meeting your basic needs, and having a little fun every now and again as well.

Back when I was broke as hell I used to think of always saving money and probably investing it so I can make more money and not worry about the bills anymore, but nowadays, living comfortably on my own accord without issues all I really wanted to do was make the most out of the money that I have and spend it with the people I love and care about, doesn't even matter if I lose it all within this lifetime. I know the formula anyway so I could always make more if need be.

Have the dedication and the grit to follow through with your saving aspirations, but always remember that you're saving money and killing yourself at work so you can have a peaceful retirement. Grind is good but having fun is miles better.

Saving for important reasons is good while not neglecting our own health, but in terms of doing this there are also more important things for everyone to do in all conditions. This is investing in knowledge for our own brains so that we can always have unique ways of making money and getting jobs to make more money in life. Because at this time just saving money alone will not be enough to keep someone in a comfortable and safe condition, especially in the midst of increasing prices of basic goods so much.

So it is very important for everyone to do more than that, especially in terms of investing in several areas such as the best assets and also knowledge which we can use as the main foundation in seeking additional income. You can see in life around your own neighborhood where most people nowadays are no longer content to only rely on one job to meet their living needs, making it very difficult for them to save. So we also have to be able to focus on science while trying to save money and also maintain our own health.

Saving money should start at the start of professional career or at 23-25years whichever is earlier. This is the understanding at 30 or later years.

The time factor can determine your return so if you are not starting investments early you are missing out on the future.

Many of the younger generation spend excess than necessary and they need to curbed. Better to invest than burn it on a stripper or booze.

Not everyone over 30 years old understands and the importance of everything, it also depends on your living environment. If you were born into a rich family, pampered and relied on by your parents until you got married, you will not know too much about life out there because you are still in your parents' arms. But if you can be independent from a young age and experience life yourself, I agree that by the age of 30 you will almost know all the bitterness of life.

Saving is extremely important and I value it more than investing and I always advise people to save before thinking about starting a business. But we don't just save because that's not enough to prepare for a better future. Savings and investments, any grown man should have if we are truly thinking about the future of our family and not just ourselves.

Save from now so that we can enjoy it in the future, saving is not stingy for yourself, but setting aside a little wealth for urgent days, where one day we will definitely need money with a high nominal amount in a short time, with savings we can solve the problem itself , in terms of saving there is no age limit and minimum as long as we intend to save whenever and wherever we can do it, and the most important thing when we save is not to sacrifice our health, health is the most important thing in everyday life so don't waste it. waste our body health,

In the age we live in, 30 years is a long time to mature well and understand all the needs and importance of everything. There is no doubt that a person who loves himself can love others. It is very important to take care of ourselves. Saving is very important and there is nothing wrong with it if you are saving wisely. It is one thing to meet your basic needs and it is another thing to be wasteful and spend all the money to meet your basic needs.

If you are doing that, it will not mean that you are not able to save up, but there is a condition that you do not have enough money to save up.

That's why I call those people wise who start saving at a young age, those people live a successful and happy life later, and those who are wasteful and can't save will survive in the future.

You mean one should not put himself in a tight position because they want to save money right? A times, the situation we found ours, we don't have choice but to inconvenient ourselves because if you don't do it, no one will do it for you and also the amount you earn determines if you are going to be putting yourself first before anyone or not. If you are earn much, you will definitely want to sacrifice more money for people you love as you have the means to do it.

Again, saving or investing doesn't have anything to do with age, there are people that are below that age bracket and are doing fine, you don't have to be above that age range before you start savings. There are people who are even 25 years of age and are having family already and they have responsibility and this makes them do a lot of sacrifices. There is no way you wouldn't be convinient in this situation because you will always comes last especially when you earn less.

Rightly so, health is the greatest blessing the real wealth of our life.  When we take care of our health, we feel happy and ready.  It strengthens both our body and mind.  To protect health it is important that we take appropriate measures in our food and drink and in our daily life.  Without health, there is no enjoyment of life comfort and success in anything else.  So, in the process of saving money avoid harming your health and take care of yourself at all times.

Keep saving guys because you have to do something with your money these days or you'll end up being poor and sad.
Just remember that there are things more important than money like health and family. You need to live somewhere, can't eat junk food all the time or you'll get sick and pay much more than you saved up in medical bills. Save up by being smart. Stop smoking and drinking alcohol, don't buy food you won't be able to eat so it doesn't go to waste, don't buy stuff you don't need just because you want to show off and don't hold too much fiat money.

Why not do both, saving and investing, even though the money earned is still small but if we are good at managing money I think with such money it is enough to get a very good experience, where we don't need to focus on the nominal, but rather focus on discipline in investing and saving.

Honestly, instilling the discipline of saving and investing is quite difficult, and it takes a long time to cultivate such habits in us when we are young, where more young people spend their money on fun at their age, and end up very sad when they are married, I often see such incidents in my work environment.

You are right, just having savings alone is certainly not enough to be able to enjoy retirement in peace, as you said of course they have to use the savings they have as a source of income that they will be able to enjoy when they are of retirement age.

It is true that some people who are still young still don't have the courage to decide to enter investment for various reasons that they have, but I think those who already have a strong soul and mentality will certainly try something that they really like and can give them income and If they fail then it is a very good thing for them to learn from.

Of course, a process is needed to achieve financial freedom and everyone must of course be patient in going through each process and it is not easy to give up with just a few failures, because if they stop trying with just a few failures they will certainly not be able to achieve financial freedom as you said.

Yes, delaying not buying things that are not useful for them is much better. But if they only save, I don't think this is enough to enjoy old age if they can't use their savings as a basis for their source of income. Usually, those who are still young are still afraid of failure in trying to create a source of income for themselves, let alone entering the world of investment. It's better for us to try it than not at all for our own good. Every failure you experience will give you valuable experience and improve it in the future. Achieving financial freedom requires time that is not instantaneous, full of failures that we experience while trying.

Sure there are times in our lives when we or our loved ones fall into some critical situation that requires money and we've got some money we want to accumulate to start up a business or a project but rather allow ourselves or our loved ones to continue in that state without any help then we tend to use up the savings to attend to that situation but it doesn't mean that we should empty everything in our Treasury just to attend to a critical condition because there are times when the amount we have cannot be able to take care of such situation so what do we do, borrow money right? this is the more reason why when we are making savings we should also scrap out some money for any emergency needs that would occur during our time of savings because even when we use our savings to control a difficult challenge then what now happens to us after then, go broke right?



The reason why some persons save or keep their money in the bank isn't for fantasy but to accumulate it to a certain amount and start up and investment but there are also investments that can be invested on from time to time so those kind of investment doesn't require accumulating so much before starting just like using the DCA to invest in Bitcoin, at least that money you would have been putting in your savings account when your income flows can be used to be investing on Bitcoin gradually such that before you realize you've got a whole lots of stash however, whether you choose between saving or making investments, there is need for a reserved amount to take care of whatever that will rise up during your time of savings or investments.

To balance such equation, you just need to understand that you are responsible for your future knowing that it does not end so soon so, you have to strive on designing a better place of where it could rest and profers you embracements such as productive and also then at your ability to understand that you are also surrounded with relatives to be your own self responsibilities to also take care of.

Then, you can always been inspired to savings and spending economic wisely with the proportion of long term goals.

Achieving financial success is not an age-specific milestone. There are those who achieve financial stability before they turn 30, and then there are those who may not have saved a penny at a later age. It serves to highlight that success is not handed to us at a particular age; it depends on how we navigate and steer our life course. Life does not come with pre-set achievements at certain milestones, but rather reveals itself based on our readiness to adapt and make use of the resources available at different junctions in its course.

There are individuals who sail through their early years without much saved, only to be met with financial woes in their later days. Conversely, there are also those who attain wealth after the age of thirty and steer themselves successfully through it until old age.

What matters most is the art of steering ourselves towards a prosperous life. Financial prudence and planning from youth to old age stand out as cardinal virtues. Nevertheless, for those who may not have excelled in financial savings at a tender age, all is not lost; there always lies a chance in the future to rectify and better manage their financial affairs. Success is not bound by any specific time frame; it can dawn at any point in our lives. What truly holds significance is our readiness for its arrival and the correct strides we take towards its realization. Life's success, they say, has no time limit but rather arrives when every string of readiness has been strummed with precision, let us march forth unflinchingly towards that auspicious moment.

Yeah, it only boils down to income management but I think young people have the edge compared to older people because they can still be single and have less obligations in life. In terms of enjoyment, I think it is still possible to enjoy even having less money on our pockets. The only key is; to not have a debt and be contented on living a basic life or on what you currently have.

People spend money on something that they use even though they might only use it for a short period of time. Investing is I think only optional and even though it can provide us an income later on, there are still more important things on it that we need in the present time in order for us to continue living.

It might change now? I think that's too late. If there is a change, it already happened long time ago. If there is a change, then that will only make the situation worse for us people because the rates will only get higher.

Even though our money will get devalued over time, there will still be something that will left with us, so we can say that saving is still better than not saving anything at all. Also when we save, we can try to use the money in a not-so-long-time, so that inflation won't eat most of it and we won't heavily regret it. We can't also predict life and maybe something really bad can happen to us later on and we may not enjoy our money anymore.