I have a cousin that also a sailor in which related to what you are talking here but He had invested for his own while in the ocean , not all of His money goes directly to His family instead 30-40% of all his earning are in His pocket(invested in different places like crypto and stocks)
so now that he turns 50 and need to stop being a sailor? he has his own money to start a living with His wife since all his children are already having their own life now.
Topic: Prepare for the life when you get old (Read 2345 times)
A most difficult trial is the one who takes the first lead because there lies every tendencies to fail as no lessons thought, no experiences and no references to heed on.
We should appreciate those facts that we have point of contacts about where we could have chances to reshuffle with every tendencies of making it right in our times because we would had learnt from those affected at the past.
Your believe that there is still enough time to waste or spend unproductively before setting the pace on the right tracks would always yield you a biased where you will see yourself at no enough time to getting to the heel as earlier or anymore as thought.
The importance side of being financially stable at a young age is to pave you enough muscles and an insight to view and structure your ending (old age) where by you have to create yourself a medium of incoming finance for a lifetime that would require you stress less ness at you aged time to handle.
Zeals and considerations to aim in order to have an aging financial structural designs are>>>
1) How long would your savings serve you
2) Your youthful hustling momentum depreciate so you considers alternative survival you can handle in your aging.
3) Considering to remain responsible to your family
4) Means to lessing your financial demands from your up grown children as they would or have got their own family taking care of.
5) Your need to save more and spend less at your aged time to pin down something to be inherited my children or the family
Above all, you need a relaxation while the finance flows on whatever values as an income while time counts.
We should appreciate those facts that we have point of contacts about where we could have chances to reshuffle with every tendencies of making it right in our times because we would had learnt from those affected at the past.
Your believe that there is still enough time to waste or spend unproductively before setting the pace on the right tracks would always yield you a biased where you will see yourself at no enough time to getting to the heel as earlier or anymore as thought.
The importance side of being financially stable at a young age is to pave you enough muscles and an insight to view and structure your ending (old age) where by you have to create yourself a medium of incoming finance for a lifetime that would require you stress less ness at you aged time to handle.
Zeals and considerations to aim in order to have an aging financial structural designs are>>>
1) How long would your savings serve you
2) Your youthful hustling momentum depreciate so you considers alternative survival you can handle in your aging.
3) Considering to remain responsible to your family
4) Means to lessing your financial demands from your up grown children as they would or have got their own family taking care of.
5) Your need to save more and spend less at your aged time to pin down something to be inherited my children or the family
Above all, you need a relaxation while the finance flows on whatever values as an income while time counts.
I respect your uncle-in-law for his commitment and effort to support his family. I also understand his current situation and the difficulties he faces. I think you are right that we should always plan for the future and save for the unexpected.
However, I also want to motivate you and your uncle-in-law to have optimism and confidence. You have the ability and the potential to overcome any challenge and achieve any goal. You have the opportunity and the responsibility to make the best of your life. You have the power and the choice to shape your destiny and your fate.
Therefore, you should always believe in yourself and rely on your skills and talents. You should always remember that tomorrow is not guaranteed, and that every day is a chance to learn and grow. You should always be thankful for what you have, and not worry about what you don’t have. You should always seek advice and help from others, and not isolate yourself or give up.
You should also always strive to do good and avoid evil, as this is the meaning of your life. You have free will to choose between right and wrong, and you have values and principles to guide you. You should follow your conscience and your intuition, as this is the way to happiness and fulfillment in this world and beyond.
However, I also want to motivate you and your uncle-in-law to have optimism and confidence. You have the ability and the potential to overcome any challenge and achieve any goal. You have the opportunity and the responsibility to make the best of your life. You have the power and the choice to shape your destiny and your fate.
Therefore, you should always believe in yourself and rely on your skills and talents. You should always remember that tomorrow is not guaranteed, and that every day is a chance to learn and grow. You should always be thankful for what you have, and not worry about what you don’t have. You should always seek advice and help from others, and not isolate yourself or give up.
You should also always strive to do good and avoid evil, as this is the meaning of your life. You have free will to choose between right and wrong, and you have values and principles to guide you. You should follow your conscience and your intuition, as this is the way to happiness and fulfillment in this world and beyond.
Actually i haven’t thought about that till now.but it is very important thing thing for old age
We all age. I have a nephew whose mindset would be older than my grand dad, (RIP)
It'll arrive sooner rather than later. The gen of 1980 already have a worse deck of cards dealt to them.
Actually i haven’t thought about that till now.but it is very important thing thing for old age
According to the analysis of financial experts, it is necessary to save 70-80% of the annual salary to be able to enjoy a comfortable retirement.
I personally also started to make exercise routines on the sidelines of my busy work. Because I want to have good health until old age.
Absolutely #ThisIsTheWay
Jumping up and down is good for our grey matter
You never get old.
You just need to eat the right stuff, jump frequently per week, walk and do weight training. Climb and take Vitamins.
So far I'm in my 6th Decade.
Getting used to a healthy lifestyle and exercising diligently can indeed keep our bodies healthy even though old age will still approach us. Isn't the real dream of elderly people that they want to keep a fit body? And Financial is also important. but health and fitness is what it takes to enjoy life. I personally also started to make exercise routines on the sidelines of my busy work. Because I want to have good health until old age. You just need to eat the right stuff, jump frequently per week, walk and do weight training. Climb and take Vitamins.
So far I'm in my 6th Decade.
Yes, I do believe it is very important to prepare for life when I get older. I do not want to be a burden to anybody and be able to still move around, have a healthy life, and be financially stable without the need of asking for money from my friends or family.
That is also why I am purchasing a life insurance policy so that my family is not stuck with my funeral expenses or any other bill. If I do not take these necessary decisions to prepare me for my later years, I will be miserable, not happy, stuck in a senior apartment studio bitter with my family because I am not happy inside.
I could not imagine myself being old stuck at a job where I will not be happy. So, my goal is not to let them down or have them worry because their father has a plan to also leave them financially stable.
That is also why I am purchasing a life insurance policy so that my family is not stuck with my funeral expenses or any other bill. If I do not take these necessary decisions to prepare me for my later years, I will be miserable, not happy, stuck in a senior apartment studio bitter with my family because I am not happy inside.
I could not imagine myself being old stuck at a job where I will not be happy. So, my goal is not to let them down or have them worry because their father has a plan to also leave them financially stable.
Is preparing for life when you get old like preparing for death while you are young 
LOL this already made my day. I think this is similar to "many people die at 25 and aren't buried until 75".
I feel those quotes and the word that you've used because it is somehow true for most of us.
Is preparing for life when you get old like preparing for death while you are young
As we journey through life, old age is an inevitable stage that awaits us all. It is a time when we can reflect on our accomplishments and the choices we have made along the way. To ensure a fulfilling and comfortable future during our elder years, it is important to plan ahead and make prudent decisions. Taking care of our health, being mindful of our financial well-being, and nurturing meaningful relationships are essential aspects to consider. By adopting a balanced lifestyle, managing our resources wisely, and fostering connections with loved ones, we can pave the way for a joyful and rewarding old age. Embracing this opportunity to prepare and invest in our well-being is a valuable gift we can give ourselves for the future.
live you life to fullest and earn as much as you could. Have a good emergency fund and live in the present moment
You never get old.
You just need to eat the right stuff, jump frequently per week, walk and do weight training. Climb and take Vitamins.
So far I'm in my 6th Decade.
You just need to eat the right stuff, jump frequently per week, walk and do weight training. Climb and take Vitamins.
So far I'm in my 6th Decade.
Investment is by far better than ordinary savings just like you have said but it's not everyone that have the potential to invest. Some are always scared of losing their money and due to that they fail to invest. To be financially free at old age, one need good investment that can yield on daily basis.
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To run an investment initially also requires capital and that of course can only be carried out by those who already have savings. So in general saving is also a very important thing even though it is very different from investing, besides there is nothing wrong for someone who wants to save every month to reach a better old age while investing in more valuable real assets and also cryptocurrency assets which is much better. That is, savings are the basic order that everyone must have if they want to make an investment to organize a better old age.
Well, just as you have said, savings and investment are two different things that one have to consider together for ones life and development. Some have to save some out of the little they earn before they can invest.
The health conditions most of us are going through I am not sure that I will be able to reach to the old age baracket
Investment is by far better than ordinary savings just like you have said but it's not everyone that have the potential to invest. Some are always scared of losing their money and due to that they fail to invest. To be financially free at old age, one need good investment that can yield on daily basis.
Quote
To run an investment initially also requires capital and that of course can only be carried out by those who already have savings. So in general saving is also a very important thing even though it is very different from investing, besides there is nothing wrong for someone who wants to save every month to reach a better old age while investing in more valuable real assets and also cryptocurrency assets which is much better. That is, savings are the basic order that everyone must have if they want to make an investment to organize a better old age.
Well, just as you have said, savings and investment are two different things that one have to consider together for ones life and development. Some have to save some out of the little they earn before they can invest.
Once already in this situation it is good to have sidelines, there is always a chance to save as long as we find ways and dedicated to do it for our own and families benefits.
I'm doing everything that can be a sidelines just to save money and support my family. Even if the body hurts, it's okay because all the hard work has a good destination.It is true, it is very important to plan our future so that when we grow old there are things that we can use for important matters. But if you start a family at a young age like me, it's very difficult to save up because almost everything I earn from working in construction is enough to feed my family every day. But even so, my partner is able to save through his own work which is for our son's future. Even so, I still earn some money online then save for my family. For me diligence and determination are the only important things to save, because if we don't have it, we won't get the goal we want.
Discipline, consistency, determination, perseverance and hard work are indeed important factors that must be possessed by everyone to plan and create a brighter future. It's just that sometimes it takes great motivation to do it. and also we need an insight in managing our finances in order to maximize effectiveness in the use of finances and the allocation of finances. so it's easier for us to save for old age.one should have a good life and have some savings for a better old life.
We should save only for the recent present and have a good recent life. Life changes in a jiffy.
In a minute it is turned upside down.
In a minute a poor become millionaire.
Preparing for old age is something that must be thought about and must be done. But as you said not everyone can do that successfully. Sometimes what happens is not in accordance with the expectations we want because of things that are not planned.
But that should not make us give up, and try to live life without any purpose. We have to do hard work in order to realize the old age we want. Because we don't only think about ourselves, but of course we will have a small family that must also be happy and we guarantee its welfare.
We need to prepare now so that when we get old there's no need to worry about anything and everything. If you will see it is too early to prepare for things but then life is full of uncertainty. Having a good plan will also benefit those people around us and also our family. We should also need to learn to rest of course, as much as we work now we need to rest as well. But that should not make us give up, and try to live life without any purpose. We have to do hard work in order to realize the old age we want. Because we don't only think about ourselves, but of course we will have a small family that must also be happy and we guarantee its welfare.
It's easy to say but not easy to do, our lives are not only about ourselves but also our families, parents, and children…a lot of things for you to worry about rather than thinking about the future when you're old. You can only save for the future when you have completed the above tasks, and that is not easy for anyone. I believe all adults know it's important to prepare for old age, but how to do that, that's the question.
Preparing for old age is something that must be thought about and must be done. But as you said not everyone can do that successfully. Sometimes what happens is not in accordance with the expectations we want because of things that are not planned.
But that should not make us give up, and try to live life without any purpose. We have to do hard work in order to realize the old age we want. Because we don't only think about ourselves, but of course we will have a small family that must also be happy and we guarantee its welfare.
We need to prepare now so that when we get old there's no need to worry about anything and everything. If you will see it is too early to prepare for things but then life is full of uncertainty. Having a good plan will also benefit those people around us and also our family. We should also need to learn to rest of course, as much as we work now we need to rest as well. But that should not make us give up, and try to live life without any purpose. We have to do hard work in order to realize the old age we want. Because we don't only think about ourselves, but of course we will have a small family that must also be happy and we guarantee its welfare.
it is a must, but not everyone succeeds in preparing for their old age, at least they have the younger generation to support their lives, namely their children. because I have heard that some people work hard for old age also does not guarantee they will be comfortable because money continues to inflate. I don't know how they actually prepared it. do they just think about piling up without thinking it will be eroded every time. i advise to save in gold.
Preparing for old age is something that must be thought about and must be done. But as you said not everyone can do that successfully. Sometimes what happens is not in accordance with the expectations we want because of things that are not planned.But that should not make us give up, and try to live life without any purpose. We have to do hard work in order to realize the old age we want. Because we don't only think about ourselves, but of course we will have a small family that must also be happy and we guarantee its welfare.
As he ages, the window for him is closing. I never saw him encounter any financial problem because he has been diligient and frugal. This meet-up has completely changed my mind. Even people like him are struggling financially and we'd better prepare a comfortable life for the old version of ourselves. This uncle is still doing okay although with some struggles but I am sure there are millions who are broke and wish they could have made and saved more money when they were young. Always plan for the future. What do you think ?
The best part of our life is our old age or twilight years this is the part where we have accumulated a lot of great memories of our struggles, celebration, and pictures of our loved ones and younger selves but we cannot enjoy this if we are not prepared in our old age, we cannot retire from our works and struggle to work, if we have not allocated money for our old self.
We have to look forward once we reached the age of 30, by the age of 30 we have a good job and family and possibly good earning
I am in living in a third-world country and I have a lot of old people still working even if they are having a hard time working not because they love their job, but because they have to, for lack of basic needs.
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