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Topic: Lessons learned after striving to save money at the age of 30. - page 5. (Read 1215 times)

legendary
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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.
This post might probably mean that saving is good but not to the extent of letting yourself suffer by not attending to your needs or even special wants because you want to prioritize your financial goals over your own self-care. Although saving and investing could mean a lot as it leads you to a brighter future, but what could be its essence if along the process your own self has been sacrificing a lot, because you focus more on your finances to build a bright and secured future than to prioritize first yourself and all your necessities. Saving is a necessity as well but not to the extent of compromising your self-worth and self-care.

Based on my experience there are two kinds of people in this situation, people tend to make more savings and even they suffer for themselves as long as they want to secure their future, they lose a lot of time and memories during those times, the other hand are the people keep enjoying while saving they treasure every time their age added one per year. Personally I'm into the second part that I keep saving adding with the use of investment because not all the years of your life you would like to work you want to enjoy more the life and to do it one factor is you must need to become a financial free to don't think every time you go somewhere just to have money.
full member
Activity: 308
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As long as we live it is necessary to save gradually even if not much. It is allocating some percentage of what we earn in a month into savings and investment after taking care of the important things required in the month. At a t young age, it is not ideal to save when we do not have a running business, investment, or something that fetches us more money outside of the money we work and earn in a month.

The meaning of life should be enjoyed means to do the things we love doing as a human. It does not involve lavishing our money on unnecessary things. If we develop the habit of putting our money into things that return profit then we can be able to manage our funds so well
Saving at a young age, of course, this will be very difficult to do if we cannot manage the income we have well, but for some people who are able to save at a young age, of course they will be able to enjoy their old age without having financial problems and also not have to work until they are no longer fit to work.
Using the income we have on things we don't need will of course make us have financial difficulties and I agree with you to get used to using the income we have on things we really need to spend money on, such as investing and that. Of course it will provide additional income for us.
Perhaps because of the lifestyle we would want to live at a very young age by lifestyle I mean luxurious one that we would want to spend the money necessary by going to clubs and partying. Because of that lifestyle we may not be able to save any money in the end. This is why in as much we are willing and ready to save we should have the mindset of being committed to the savings habit. This is because saving can only be successful if we develop the habit to maintain consistency. There other habits we need to avoid so that we may achieve our goals and plans.
hero member
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For the past decade, saving money would get you nowhere. It might change now as long as interest rates stay where they are at but if you started savings by putting little by little of your extra funds In a savings account, most of that money would of evaporated due to inflation.

This is why most wealthy people aren’t affected by inflation because they own assets like stocks, real estate, gold, bitcoin, etc.

This goes to say that saving will not get us wealthy but investing is. Although we don't really aim to be financially wealthy but at least we can secure and enjoy our future retirement and we can leave some inheritance into our offspring. That's exactly the reason why we don't just need to focus on enjoying the present life, but we should also learn to navigate our future as well by saving and investing from time to time when opportunities are available.
sr. member
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There are people whose finances are okay for them before the age of 30, and still, there are people who at the age of 30 haven't saved up anything for themselves. They can't boost anything except the life they live.

Life doesn't make us to be successful at any age. It's how we prepare ourselves for life's journey, it's the result we get to see. People live life at a young age, before old age, they end up being poor. Some make it in life after the age of 30, and they stay rich till old age.

Our success in life can come at any time. How we manage our successful life should be the major concern because not everyone has been able to save money from their young age till their old age
legendary
Activity: 1372
Merit: 2017
Saving money has two parts to the equation: the money you earn and the money you spend. People, especially the first few times they think about saving, put the emphasis on spending less. It is better to earn more, or even better a combination: to have learned to control expenses and increase income.

If you want to save, don't just focus on cutting expenses.
sr. member
Activity: 1022
Merit: 368
You can only save money at 30 when you have a source of income that generate you money to take care of your needs and a reserve that you can save up with else you will end up emptying the savings to take care of yourself since you can not be in need while you have an amount that can take care of the need. If possible, get a good paying job that doesn't take all your time, work and save up money to start up a business while you are working, have a daily amount you save depending on the profit you generate from your business then you can be sure of having enough money before clocking 30 years.
legendary
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To be honest, I was expecting a longer post. But I can tell you what I know about this.

There are three ways to save money.

The first way, is to get a job, and you work a 9-5. You get a fixed income, but you work your ass off until you retire. Doesn't sound very fun, doesn't it.

The second way is to find work on a freelancing platform like Upwork or Fiverr. Or do content cration which is basically freelancing but for yourself. Technically you're self-employed, but you're still working long hours for low pay. Also not ideal.

The third method is to get passive income. Affiliate marketing, registering a company and selling products on an online store, etcetera. This is the real deal, and where all the money is to be made.

Notice how I've never mentioned "number go up". Crypto is not a valid way of saving money because it is not a profession.
legendary
Activity: 3304
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Some tips for saving money at 30 are pretty simple really, create a budget, automate savings, cut unnecessary expenses, prioritise debt repayment, plan for retirement, shop smart, invest wisely & stay informed.
hero member
Activity: 1050
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Everyone should save money, but before the time runs out. That is, before the last age.Earning money and saving money is not all.Life should be enjoyed. People involved in life should be given time.

Life must be enjoyed because everyone will not live forever in this world so there is no reason not to enjoy life, especially for those who are still young. However, can everyone enjoy life without relying on money? I think only a handful of people can enjoy life without money, so frugality and saving money is still something that everyone must consider wisely.

However, everyone also needs to invest the money they have saved so that the enjoyment of life can be felt enough for them because saving money will not make the enjoyment last forever, but only for a moment. Meanwhile, investments that have more value, such as in business and also in having more Bitcoin, will enable someone to enjoy their life more well.
hero member
Activity: 2604
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You can start saving that money when you can earn money. You can spends your money to buy your daily needs but you must saving you money for your future. When you can do that while you are productive and young, you will not have a problem to retire at 30-40.

Many people doesn't prepare their future and tends to spends much money for their life. They say they care their family but they don't show that to their family. This makes misunderstanding to them and can not make something better with what they makes.

Loving ourselves is important but when you married, you have other people that you must love too. If you can prepare yourself and family, you will see the change of your family in the future. Your family life will be better than few years ago and you don't need to worry with your family because they can develop something that will benefits their life.
full member
Activity: 882
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As long as we live it is necessary to save gradually even if not much. It is allocating some percentage of what we earn in a month into savings and investment after taking care of the important things required in the month. At a t young age, it is not ideal to save when we do not have a running business, investment, or something that fetches us more money outside of the money we work and earn in a month.

The meaning of life should be enjoyed means to do the things we love doing as a human. It does not involve lavishing our money on unnecessary things. If we develop the habit of putting our money into things that return profit then we can be able to manage our funds so well
Saving at a young age, of course, this will be very difficult to do if we cannot manage the income we have well, but for some people who are able to save at a young age, of course they will be able to enjoy their old age without having financial problems and also not have to work until they are no longer fit to work.
Using the income we have on things we don't need will of course make us have financial difficulties and I agree with you to get used to using the income we have on things we really need to spend money on, such as investing and that. Of course it will provide additional income for us.
sr. member
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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.
Well that's right. In the end, we have to love ourselves more and also care about everyone around us, especially those who are always there for us. Balance is everything in this life. Even though we are indeed building strong finances, we also have to maintain and build good relationships with the people around us, and especially we also have to build a healthy balance in our own bodies. Loving everything you do is the key. And never make work a pressure. And make work something fun. Stress is one of the things that must be avoided. Because many people break down because of stress. Those who are stressed are those who cannot maintain the health of their minds amidst the hardships of life. Work will feel heavy if we also think it is a burden. But we can make work enjoyable if we consider it as a game in life, where of course there are always obstacles that must be faced in order to raise our level in the game.
hero member
Activity: 3038
Merit: 634
At the end of the day, it's just life management. Varies from person to person so it may seem vague when offered to someone but that's what makes it important since understanding this means you understand how your life has worked and will work for most probably the next couple of years.

A different thing when you have a family to be responsible for though imo since it's not just a "yourself" thing anymore.
Yeah, most of the things you do is no longer for yourself but for them, for your family. And you're a blessed man if your family allows you still to achieve things that you wanna achieve as they support you to the craft or passion that you're doing.

It's rare to see a family that you're building will support you all the way to that passion that you're doing. Whether it's in arts, games, other careers or hobbies that you're doing.

While you're making money, it's not all about making money only but you do enjoy the process and have fun through it. Don't forget about that because life is too short not to enjoy it.
hero member
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TBH, I don't really get your point. When you are trying to save money, it is all about your income, it doesn't depend on your age. You can save money whenever you have an excess money, it doesn't matter whether you are below 30 or above 30.

Anyway, you ideally have an established income when you are 30. People already focus on gaining money from their jobs when they already above 20 years old. So it means you have 10 years experience in working. People commonly started to save money since they have a job for the first time. People normally choose a job with the salary that meet their life necessities. If they couldn't get enough salary from the job, they must get new jobs. So, it won't be difficult to balance your daily needs and savings after 10 years in working. You must have a lot of experience about saving, right?

Well, saving is about the process to collect more money for our future life. It requires a discipline, we may unable to save money if we are no discipline and have weak motivation for saving money. Personally, I think the most lesson to get from saving is about discipline and responsibility for our future life.

hero member
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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.
At the end of the day, it's just life management. Varies from person to person so it may seem vague when offered to someone but that's what makes it important since understanding this means you understand how your life has worked and will work for most probably the next couple of years.

A different thing when you have a family to be responsible for though imo since it's not just a "yourself" thing anymore.
hero member
Activity: 2716
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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.

At the age of 30 is a stage in life that you much have experienced almost everything in life and already have a focus that you want your life to channel pass without having any troubles. Money is a must and saving is also a necessity. But overtime, saving money has now come with a lot of disadvantages accompanying it but to some extent, you still need to save some part of that money depending on what you’re saving it for and when you plan to use them.

Saving money now can be affected by inflation, tax, higher price of goods that cannot compensate or come close to having your wants settled for. Your health is the most prioritized aspect of your life, you shouldn’t lose them for anything else or it becomes a regretful experience especially when you have the money to cater for it but prefer to save for something else. In today’s world, try to invest and prioritize it rather than just saving your money that will be worthless when the time to use it comes.
There's more to life than money, most particularly when it comes to your health. You shouldn't be saving all the time taking all advantages to be in profits, but at some point learn to live your life as well and enjoy the present. Life is short, so one should always make it a point to stay it in balanced, and never miss some important things just because you are so much focused on earning and saving. You can always find money if you are good and capable earner, but you can never return your life once its already gone. Learn to prioritize your health first over your money, because health is always our best wealth.
full member
Activity: 308
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Everyone should save money, but before the time runs out. That is, before the last age.Earning money and saving money is not all.Life should be enjoyed. People involved in life should be given time.
As long as we live it is necessary to save gradually even if not much. It is allocating some percentage of what we earn in a month into savings and investment after taking care of the important things required in the month. At a t young age, it is not ideal to save when we do not have a running business, investment, or something that fetches us more money outside of the money we work and earn in a month.

The meaning of life should be enjoyed means to do the things we love doing as a human. It does not involve lavishing our money on unnecessary things. If we develop the habit of putting our money into things that return profit then we can be able to manage our funds so well
hero member
Activity: 2954
Merit: 672
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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.
The best love and care you can give to yourself is by securing your present and future financially, and with that being mentally and emotionally healthy will just follow. No need to put a lot of pressures on trying to balance everything in life because no matter how hard you try, it will definitely be impossible. Just live a simple life, and be happy with what you have.
sr. member
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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.

At the age of 30 is a stage in life that you much have experienced almost everything in life and already have a focus that you want your life to channel pass without having any troubles. Money is a must and saving is also a necessity. But overtime, saving money has now come with a lot of disadvantages accompanying it but to some extent, you still need to save some part of that money depending on what you’re saving it for and when you plan to use them.

Saving money now can be affected by inflation, tax, higher price of goods that cannot compensate or come close to having your wants settled for. Your health is the most prioritized aspect of your life, you shouldn’t lose them for anything else or it becomes a regretful experience especially when you have the money to cater for it but prefer to save for something else. In today’s world, try to invest and prioritize it rather than just saving your money that will be worthless when the time to use it comes.
hero member
Activity: 1106
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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 understand how savings should be and also investment. Just because you are trying to save some money to meet a target or invest some money into some business doesn't mean you have to inconvenience yourself and when I say inconveniencing, I mean to the point of not been able to do the basic things and necessity about your life, you see people not eating well, looking well in good outfit and eating good meals, that's not saving or investment but suicide mission.

Many people that invest in Bitcoin today are guilty of this, they buy Bitcoin because they want to make big money and they sell everything just to get some Bitcoin and that's very bad. Some people even carry loan with the hope that the price will shoot up on the future, then later worrying about thier investment and also get choke about the interest to be paid on the loan, these practices are all bad. If you can't have peace of mind, let it go.
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