Topic: Lessons learned after striving to save money at the age of 30. - page 6. (Read 1215 times)

Trying to make yourself happy and not stressed is hard, if you are having financial issues. Right now, I am in by far the worst time in my entire life regards to finance, hopefully it will get better very soon but for a few more months I am going to end up with a terrible result, so it is not going to be that easy at all. At that point, you can't just "take care of yourself", you just can't at all. While we are talking about something like this, all I want to remind people that if you are not having anything life threatening sickness levels, then you should find a way to be happy.

Debt, relationship troubles, and many other things in life that are temporary and not regards to death, are small things when you consider the permanent state of death. So, just find a way to be better and try to make sure that you balance your life and also your finances at the same time. This will make it better for you and it would make it better for everyone else too.

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.

How many people understand how to make this balance, some have been privileged with several opportunities in which they misused them, some were left with indecision on matters like this, while some lack the way of effectively managing themselves for a better future, all they will think is that things will continue the way it was without knowing that change is made constant for everything in life, at age 30 i don't expect someone to still be struggling on how to make savings in life.

There should be a balance in everything you engage in because doing things excessively always has negative consequences. At 30 you have the strength to take two to three jobs to enable you to provide your needs and save for the future. This is the prime age when you can still learn more skills and get certifications. It is also a time to start raising a family and take responsibility.

But you don't need to work yourself to death because you want to be financially stable in the future. It is important to take care of your health at this age. Go for medical checks and avoid unhealthy lifestyles. In most cases how we live at this age will determine how healthy we will be when we start aging. Let us take our time to rest, eat healthy foods, and enjoy quality time with people we love. Saving for the future is a priority so there is no need to spend on luxury. Providing basic needs should be enough to make us live a happy life.

I don't think anyone hates themselves because of money, even if that person has a wasteful nature in how they treat money in their own life. Because people who have been able to save money by only using money for every important thing and just treating money more wisely are people who have seen more of the good sides of life so that person will not only care about themselves. But he will also care more about his family and those closest to him who are always willing to help him in many ways so that the savings are not only for himself, but also to be able to help the people who are quite important in his life.

I find it hard to grasp the context of this post at first but reading through some comments , I understand where the post is heading but first of all,you don’t need to attain the age of 30 before striving to save as long as you have enough to cater for the present. It’s actually necessary to find balance between your spending and saving as it gives one happy and fulfilled life.

The important of saving can not be underestimated. In fact, it is very crucial because it shape our future goals and give us financial stability but enjoying life at the moment is also paramount. You can only think of future when you are living healthy in the present and take good care of yourself. There’s possibility you’re not part of the future, enjoy the present to the fullest.

You mean self-caring? Yeah, I think it's very obvious that in order for you to save money, then you have to take care of yourself first as that is the biggest investment that you will make in your life. I mean maybe your parents will help you up with your studies, but once your finished it then it's time for you to look for a better job that will make you good money and then you can start saving for you and your future.

Although it looks like the norm, but then you can go on the contrary, and maybe if you have invested enough money or save at the age of 30 then you can start your own business and be a entrepreneur and be a self made millionaire. So you create more money from the early investment that you have.

Investing in oneself makes sense. By that, I mean investing in gaining new education, new experiences, and skills. Treating oneself from time to time is perfectly normal, but wasting money on useless stuff isn't going to help. Even if one's financially stable, it's good to keep working or at least volunteering, to give back to the community and contribute positively to society.
Saving money is a sound practice, but it shouldn't be done at the expense of covering basic needs. Treating oneself and saving up aren't mutually exclusive and can be combined.

You should probably also gonna learn that saving money is probably the slowest way to accumulate wealth, increasing income is the way.

but yeah, even if someone is so committed with saving money that they never truly try other option that give better long term return, never try to deprave yourself of your basic needs, i've seen many people trying to save money in detrimental ways as such that it's self harming, always remember, medical bill could drain all your saving just in one fell swoop , take care of yourselves better.

also, if you happen to save money, try to compound-investing it in an investment that's low risk if you don't tolerate higher risk, so to not waste too much time just to gain disappointing returns.

Giving yourself the right type of education is also crucial, because you can fritter away a lot of money in many different ways without realizing it. If you put your money to work in the most effective ways it can make a huge difference to your retirement pot. Earning an extra 3%+ per year, even just saving money on paying management fees by using the wrong funds, can add up massively over your lifetime. That being said, everyone should strive to exercise and eat healthily as you say, because there is no point getting to retire at 50 years old if your whole body is a mess due to poor habits. Definitely maximize the amount of exploring and experiences you can do in early years because it only gets harder later in life.

So you mean you can only save at 30 years old? It doesn't matter because at 30 years old we are still productive with our work but it won't be too late for you if you try to save rather than not at all.

So I agree with others, saving money will not increase your wealth unless you invest in some assets that can increase in value in the future if you save in fiat which continues to inflate maybe you will get a little interest if you keep it in a deposito.

I would not save more in the form of money, some assets are in bitcoin to be the future asset of a fairly realistic increase, but you are free to do whatever you want such as saving only for emergency funds, but honestly there are still many people saving for their parents or for their children.

When we do speak about saving money then this is really something that should be done as early as you could or on the moment that you would be mature enough on trying out to think about the future.
Usually this do happens on the moment that you are on college time on which making up some realization on what future you should really be taking and this is why you would really be setting out those plans
and this is why there would really be those individuals who would really be taking up that immediate step on the moment that you would really be that wary about those situations.

When you are already on the age of 30 then it would really be that just that normal that you should really be thinking about saving up or you are already on the level on where marriage life
is something that will really be that in line but of course not everyone wont really be pursuing on things on the moment that they are seeing that they cant be still that stable
and this is why life conditions or situations will really vary on this aspect.

We are in a time that saving money won’t gain you anything but investing into some other asset can be the the best option you should focus on. We are in a time that inflation wins over those that are saving and favour those that are investing. Inflation moves together with investment interest but saving won’t get you anywhere.

You don’t need to save money when you’re in need of money to solve problems, those that do that are only punishing themselves and should not be encouraged within ones group. If you are so sure that you want to save money and satisfied with what you have to be enough for your means, you should rather try investing in an asses that will be given you profit from time to time and not just a stagnant money stock in one vault with same value after so many years.

I know you will surely regret for knowing how to save money at the age of 30 for future purpose, I don't think is too late for you to do what other people are doing to invest their money in a decentralized business, because that is what is making people to meet up with their mate in the area of finance. You will get that opportunity if you can start saving some money from your salary no matter the inflation that is affecting people by reducing some of the things that is making you to spend your salary anyhow in the society, I believe within some months you will begin to see your savings accumulating.

When you learn from your mistakes, it will make you to plan your future well when you have another opportunity because you will do everything possible not to allow what happened in the past to happen again.

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.

Saving at age 30 without working is like having money and you can take care of yourself, okay at age 30 you keep saving why not look for a better business or Job the get fixed in than saving like I know savings doesn't bring profit rather you have a specific fixed amount in your account or in your crypto wallet only if they are stable coin. It wouldn't make any changes and you could have important needs to attend to but since you are out for savings you wouldn't care much about yourself rather working on your saving portfolios.

Why do we save? People saving for future and for emergency needs when time arrives like most people still do not care about their health when the time comes instead they stick to their savings and develop a severe illness that could even go beyond medical operation that could lead to either losing their lives while there money is being saved.

This kind of post will give birth to many versions because it doesn't clearly state what you want to achieve. Saving for such a long period of time will not make your funds increase and in fact their value will continue to decrease because the money depreciates day by day. Some people are getting smarter in using the money they have and now many of them will try to do business or run investments rather than placing money in savings unproductively.

The care in question may be how someone can provide or fulfill the needs of their family. Because if you connect savings with benefits, it is much more rational for the family. Because everyone will definitely prepare something for their family and this cannot be separated from the financial strength they will inherit.

Precisely. Quite cliché to some but you'd only know once you're there on that situation. Indeed it is okay to enjoy our lives on our 20s but that doesn't mean it is okay to be irresponsible.

Balance.

Balance both responsibilities and enjoyment; it is possible with discipline. Engaging with investments and employement at the start of your career is not a bad thing however, everything's too much is unnecessary. Enjoyment is also a must to experience in our lives but at least never be too confident of the present and always anticipate the negative outcome of our actions.

You'll understand that there's more to life than to what you've believed and known on your below 30s. There's so much to learn with your life and you'll give more importance to the life that has been give to you. If you're such a party guy during your teenage days up to below 30s, you'll see how you've wasted so much valuable of your time. Although we believe that life isn't a race but when you step on 30 and you still have the same mindset when you're young, you think that you're already on the last position of the life's race after looking at how others are doing with the same age as yours.

And that's more important when you're aging. You need to give yourself a better you in all aspects including help, finance and relationships. You have to care more of yourself and as well as the family that you're establishing. And of course, giving back to the family that has raised you. This might not be the norm for some cultures but you'd see their importance when you become older as they also age too.

So an important thing for the younger ones there. Work if you have the opportunity to work and save your money and put it on investments. Because no one is there to save you when you get on this age and older but only you. Your actions are going to either thank or blame yourself whichever the result will be.

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.