Prepare for the life when you get old - page 11.

Theones

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Quote from: zaki12 on April 14, 2023, 03:20:23 PM

Having a long-term financial plan is very important, especially when we enter retirement. In addition, having assets that have the potential to grow in value such as real estate and bitcoin are a wise investment choice to help ensure financial security in the future.

I suggest that your uncle talk to a financial expert or financial advisor to help develop a long-term investment plan that fits the needs and purpose. They can help choose the right investment and regulate diverse investment portfolios so that risk can be managed and investment returns can be optimized.

In addition, it is very important to teach our children about the importance of planning long-term finances and how to manage money wisely. By learning about investment and financial management as early as possible, they will get used to and able to take intelligent financial decisions in the future. I salute your uncle who is enthusiastic and hard worker in his youth.

life is so unpredictable - and you never know what is coming a head.
During this situation - I don't think we will get old - war, diseases and other calamities are taking the life of people so much
One should always ask God for the health and blessing

zaki12

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Having a long-term financial plan is very important, especially when we enter retirement. In addition, having assets that have the potential to grow in value such as real estate and bitcoin are a wise investment choice to help ensure financial security in the future.

I suggest that your uncle talk to a financial expert or financial advisor to help develop a long-term investment plan that fits the needs and purpose. They can help choose the right investment and regulate diverse investment portfolios so that risk can be managed and investment returns can be optimized.

In addition, it is very important to teach our children about the importance of planning long-term finances and how to manage money wisely. By learning about investment and financial management as early as possible, they will get used to and able to take intelligent financial decisions in the future. I salute your uncle who is enthusiastic and hard worker in his youth.

cydrix

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His dedication to providing for his family is admirable, and for his future financial security, working for the government is a preferable alternative because it offers a stable income after retirement. And if a person is not employed by the government, they must start a business that will be better for generating revenue when they are unable to work.

Investment will be useful in these circumstances, allowing you to benefit from both real estate and cryptocurrency investments. Since your success in the cryptocurrency sector depends on the coin you choose, the growth of the money you invested in it will always be prioritized by bitcoin.

posi

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Quote from: Aanuoluwatofunmi on April 12, 2023, 05:40:34 PM

Honestly no body want to get old because this youthful stage is a very most interesting thing to remain in because we have that strength to achieve every of our desired aims before going too old that we begin to lose strength over time, old stage is the last phase in life that we go through after we would have gotten ourselves empty in giving the best we could to humanity by making positive impact.

We don't have a choice in this situation, like it or not, we will still age over time, so try to take advantage while we are healthy and prepare everything for the future. Our life must be associated with birth, old age, illness, and death. We will face it in stages, and if we can prepare better when we are young, then when we are old, we will have no regrets.

But I think it's too difficult to do that, I know I need to prepare for old age, but with a life full of hustle and bustle, maintaining life has been extremely difficult. Therefore, preparing for old age is not what everyone will do it.

ItsCrafty

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Quote from: Marcellin9 on April 04, 2023, 03:41:48 AM

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 ?

Saving for old ages is very necessary especially in this It is very important especially in today's times Because everyone has become selfish and greed of luxury life is more than before. I will add one more thing which I think is more essential for those whom God blessed with the blessing of a sons. If we train our children well and tell them the rights of their parents. So if we become old, these children will help us in financial need when we become old.

Our religion taught us to serve our deen, especially when they get old, take special care of them completely. And every need of the parents should be taken care of and they should not even say a word to them. This why our most of parents did not save more for old age because they know their children, neighbors are taking care but people are changing with time and now or later every body will forced to save for future.

Negotiation

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Quote from: Oasisman on April 13, 2023, 10:34:49 PM

Quote from: irhact on April 13, 2023, 04:35:39 AM

Quote from: Aanuoluwatofunmi on April 12, 2023, 05:40:34 PM

Honestly no body want to get old because this youthful stage is a very most interesting thing to remain in because we have that strength to achieve every of our desired aims before going too old that we begin to lose strength over time, old stage is the last phase in life that we go through after we would have gotten ourselves empty in giving the best we could to humanity by making positive impact.

There are people who want to get old, getting old isn't bad when you have planned for your old age. Been old has lots of advantages. You get senior privileges and just seat around all day discussing and playing games. You have weekends with your grandchildren and you become their favorite person in the world, they bring gifts for you when they're visiting etc.

What's there to not want to be old, you just have to plan for it very well so you don't regret your old age. Now that you're a youth and still very strong, us this age to invest, take the risk now. Buy Bitcoin and other assets like real estate, stocks etc. Invest in your youthful ages and you'll enjoy relaxing and been old.

While not everyone of us wants to get old or shall we say beyond the age of 60, but you're right, we should getting old is not bad and inevitable because all of us will eventually gets old if not dead at a young age of course.
Being financially ready will save you from depressions when time comes that you and your wife needs to live alone because all your children were married and needs to live home. Nobody will take care of you, so you need to take care of yourself. Not much you can do when you're old though, but money will make things work for you and yeah all you need to do is just relax for the remaining years of your life.

Your opinion is right, Everyone suffers from insecurities in old age. They cannot meet their needs properly. In that case, it is better to prepare for life in old age. It is possible to deal with every problem if you are financially sound. Food and clothes are easy to solve all problems. For this, you need to save in advance which will provide security in old age. And in old age, you may feel useless, you may feel lonely if your children are away, and you may suffer from depersonalization. You can be disappointed due to various reasons. If you have financial benefits, you can enjoy everything as your wish.

Oasisman

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Quote from: irhact on April 13, 2023, 04:35:39 AM

Quote from: Aanuoluwatofunmi on April 12, 2023, 05:40:34 PM

Honestly no body want to get old because this youthful stage is a very most interesting thing to remain in because we have that strength to achieve every of our desired aims before going too old that we begin to lose strength over time, old stage is the last phase in life that we go through after we would have gotten ourselves empty in giving the best we could to humanity by making positive impact.

There are people who want to get old, getting old isn't bad when you have planned for your old age. Been old has lots of advantages. You get senior privileges and just seat around all day discussing and playing games. You have weekends with your grandchildren and you become their favorite person in the world, they bring gifts for you when they're visiting etc.

What's there to not want to be old, you just have to plan for it very well so you don't regret your old age. Now that you're a youth and still very strong, us this age to invest, take the risk now. Buy Bitcoin and other assets like real estate, stocks etc. Invest in your youthful ages and you'll enjoy relaxing and been old.

While not everyone of us wants to get old or shall we say beyond the age of 60, but you're right, we should getting old is not bad and inevitable because all of us will eventually gets old if not dead at a young age of course.
Being financially ready will save you from depressions when time comes that you and your wife needs to live alone because all your children were married and needs to live home. Nobody will take care of you, so you need to take care of yourself. Not much you can do when you're old though, but money will make things work for you and yeah all you need to do is just relax for the remaining years of your life.

qwertyup23

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Quote from: gaston castano on April 04, 2023, 04:13:18 AM

I think here the concept is getting clearer, we have to put our money in something that makes its value increase, because if you just save your money it won't increase.
so I think investment is the right choice for our old age.
If indeed your uncle is diligent in saving and investing his money, I think now he will not be upset and have financial difficulties.

If there is something that I have discovered over the years, it is to take advantage of youth and time while you are young.

If you have any spare cash on hand, invest it on different mechanisms for you to reap in the future. For example, investing in blue chip stocks can actually be profitable in the long-run especially if you just let its value mature over time. While you still have your resources on hand, invest it on different platforms for you to enjoy in the future.

Most people invest in cryptocurrency with the aim of short/long-term investment depending on their goal. Personally, I would prefer to invest in both timeframes there are instances where investing whether in short or long-term is profitable.

WatChe

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Quote from: Helena Yu on April 04, 2023, 03:53:08 AM

I'm not really sure who's the wrong in this situation and who should I blame, but few things in order to make you survive and doesn't suffer financial problem are:

1. Make sure you don't save your money, but invest on few commodities e.g. Bitcoin, gold, stock, real estate etc.
2. Have a small business in your home, it's better if you have an autopilot business where you don't need to work anymore.
3. Teach your children how to use money in a correctly way, don't overspend and use it for luxury lifestyle.

When you're still 25-40 years old, it might be the peak of your career, don't think you can work until you're death because an old people can't compete with fresh graduate young people.

We need to keep this in mind that global and domestic scenarios may change at any time. In my country we were living quite normal a year back and its just a matter of year things have changed altogether. The inflation has gone up by 50%, local currency has devalued to its peak and much more. This gave a lesson that we also need to be ready of such changes that have huge impact on our lives. A dollar year back was 180 Pakistan Rupee and within year dollar is now equal to almost 300 Pak Rupee.

Minecache

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Quote from: xSkylarx on April 12, 2023, 08:28:08 PM

Quote from: bastian466 on April 12, 2023, 07:52:54 PM

Quote from: Oilacris on April 12, 2023, 04:51:28 PM

Quote from: bastian466 on April 12, 2023, 04:45:38 PM

No one knows what our old age will be like. so it's very good if we organize it from now on for old age later it's not too difficult if it's prepared early on, I always think even though I already have a permanent job I always want to have a side job outside of that the goal is many one of them so that if one day I leave work there is still other preparation work

Always have that Plan B whenever your Plan A doesnt work but of course we should really be doing our best for making those initial plans and goals to be achieved in the first place.
My plan when i do get old is that i do really make my best on creating or making investment which it would really be beneficial for long term. Your kids would really be leaving you
when they get older or when they do raise their own family which is normal which means that you and your wife are the ones who would really be left in the end.
When you do get old you wont really be making yourself a burden with your children in terms of needs and maintainances considering that you could provide it on your own.

The problem is now we are enjoying or lulled in our comfortable moments, sometimes we don't think about our old age. it's true, don't let us become a burden for children, therefore we have to start and be able to manage finances. The most difficult thing is managing finances and time to carry out plans A and B. but it must be prepared

The problem is that we keep saying that we have a lot of time until we get old but we never think that it will take more time before we can have money that will last us until weve gone. Also there are instances that we do want to save for life in the future but because of priorities like family and children we have no choice to prioritise them so still after they graduated or our responsibility is done with them that is the time we can save.

That's what's going on, it's easy for us to plan every detail, but not everyone is going to follow through with the plan as they planned it, not everyone will get it done. Those who are married and have young children will understand how difficult it is to save for old age. Because even making money to take care of daily life is extremely difficult, let alone saving or preparing for old age. If anyone has children, they will understand that their children's future is more important or our old age is more important. It's easy to say but give it a try, it's not as simple as you're saying.

yudi09

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The most important thing is that we have the thought that one day we will not always be in the 20 to 30 years of age which is still considered young, but we will go to the age above 30 years.
If the age is still at the stage of just finishing college, then it is very good if there is a thought that I will be old and what should I prepare.

Money is a means or tool that supports our every plan in organizing and preparing for a good future.
The wrong use of it can also be a tool that can ruin our future plans.
And I'm very ready to welcome that old age, my friend.

irhact

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Quote from: Aanuoluwatofunmi on April 12, 2023, 05:40:34 PM

Honestly no body want to get old because this youthful stage is a very most interesting thing to remain in because we have that strength to achieve every of our desired aims before going too old that we begin to lose strength over time, old stage is the last phase in life that we go through after we would have gotten ourselves empty in giving the best we could to humanity by making positive impact.

There are people who want to get old, getting old isn't bad when you have planned for your old age. Been old has lots of advantages. You get senior privileges and just seat around all day discussing and playing games. You have weekends with your grandchildren and you become their favorite person in the world, they bring gifts for you when they're visiting etc.

What's there to not want to be old, you just have to plan for it very well so you don't regret your old age. Now that you're a youth and still very strong, us this age to invest, take the risk now. Buy Bitcoin and other assets like real estate, stocks etc. Invest in your youthful ages and you'll enjoy relaxing and been old.

Sebas.tian

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Saving money for future is very important to any human, because if old age come you can fall back to your savings to improve yourself and to make food available for your family too at the moment. I have seen many governments workers who are seriously busy to ensure they save enough money by investing in Bitcoin so that after their retirement they will have hope of a better future. I think, many will learn from this your uncle life history so that they will end up well in the future because anyone that fail to plan well for his or her generation should be ready to see shame in future.

xSkylarx

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Quote from: bastian466 on April 12, 2023, 07:52:54 PM

Quote from: Oilacris on April 12, 2023, 04:51:28 PM

Quote from: bastian466 on April 12, 2023, 04:45:38 PM

No one knows what our old age will be like. so it's very good if we organize it from now on for old age later it's not too difficult if it's prepared early on, I always think even though I already have a permanent job I always want to have a side job outside of that the goal is many one of them so that if one day I leave work there is still other preparation work

Always have that Plan B whenever your Plan A doesnt work but of course we should really be doing our best for making those initial plans and goals to be achieved in the first place.
My plan when i do get old is that i do really make my best on creating or making investment which it would really be beneficial for long term. Your kids would really be leaving you
when they get older or when they do raise their own family which is normal which means that you and your wife are the ones who would really be left in the end.
When you do get old you wont really be making yourself a burden with your children in terms of needs and maintainances considering that you could provide it on your own.

The problem is now we are enjoying or lulled in our comfortable moments, sometimes we don't think about our old age. it's true, don't let us become a burden for children, therefore we have to start and be able to manage finances. The most difficult thing is managing finances and time to carry out plans A and B. but it must be prepared

The problem is that we keep saying that we have a lot of time until we get old but we never think that it will take more time before we can have money that will last us until weve gone. Also there are instances that we do want to save for life in the future but because of priorities like family and children we have no choice to prioritise them so still after they graduated or our responsibility is done with them that is the time we can save.

lienfaye

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Quote from: Aanuoluwatofunmi on April 12, 2023, 05:40:34 PM

Honestly no body want to get old because this youthful stage is a very most interesting thing to remain in because we have that strength to achieve every of our desired aims before going too old that we begin to lose strength over time, old stage is the last phase in life that we go through after we would have gotten ourselves empty in giving the best we could to humanity by making positive impact.

Getting old is inevitable but you can prepare yourself before it happened. While we're still young, have a plan for your retirement to secure yourself and your family. We can't work when our body is not physically fit already so don't wait for it and plan ahead.

While you're still young, has a job and able to earn a stable income, start your journey of saving for the future. Think of what's best to have a passive income. Invest on crypto or real estate properties so you can secure yourself in times you're not capable to work already. Regrets are always in the end hence don't let this youthful stage passed without preparation for what lies ahead.

bastian466

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Quote from: Oilacris on April 12, 2023, 04:51:28 PM

Quote from: bastian466 on April 12, 2023, 04:45:38 PM

No one knows what our old age will be like. so it's very good if we organize it from now on for old age later it's not too difficult if it's prepared early on, I always think even though I already have a permanent job I always want to have a side job outside of that the goal is many one of them so that if one day I leave work there is still other preparation work

Always have that Plan B whenever your Plan A doesnt work but of course we should really be doing our best for making those initial plans and goals to be achieved in the first place.
My plan when i do get old is that i do really make my best on creating or making investment which it would really be beneficial for long term. Your kids would really be leaving you
when they get older or when they do raise their own family which is normal which means that you and your wife are the ones who would really be left in the end.
When you do get old you wont really be making yourself a burden with your children in terms of needs and maintainances considering that you could provide it on your own.

The problem is now we are enjoying or lulled in our comfortable moments, sometimes we don't think about our old age. it's true, don't let us become a burden for children, therefore we have to start and be able to manage finances. The most difficult thing is managing finances and time to carry out plans A and B. but it must be prepared

virasog

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Quote from: AmoreJaz on April 12, 2023, 04:53:17 PM

Quote from: Fivestar4everMVP on April 12, 2023, 02:58:42 PM

A wise man said we should learn lessons from the ants, that as small as they are, they know it well to use the dry season to store up food in their holes, in preparation for the rainy season when they won't be able to leave their holes.
It is an important lesson for us to learn, it explains how important it is for us to chase the dark colored goat while it's day, for darkness comes when we won't be able to see the dark colored goat due to it been covered by the darkness..

Best time to hustle, invest and save up is while we are young, for in old age, doing those things will become very difficult, so it is indeed a good advice for us to prepare for the old version of ourselves now that we are young, for it is surely coming.

a very simple story but will give a very valuable lesson in life. i guess, everyone knows such story, however, not all of us is taking that seriously and live with it.
each one of us has our own way of attacking this situation as we have different financial capabilities. but it all boils down to the fact that no matter how small we can keep for our future will always be worthwhile in the future.

And do you know that Bitcoin has made it even more easier to save our future when we are old? All we need is to keep on accumulating bitcoin for the time when we are old and can no longer work and earn money. The investment in bitcoin will grow automatically as the price of bitcoin always increases over a long period of time.

Unlike people who gather fiat money and its value keeps on depreciating over time because of inflation and excessive note printing, the value of bitcoin always increases with limited fixed supply and no chance of inflation.

ChiBitCTy

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Well as a financial advisor I would of course agree with you. Save early. Save as much as you can. There's three things that I recommend to my clients on a daily basis. Three things everyone should be doing once a year at minimum.. 1)Run a budget once a year, find out how much you spend each month (and how to lower that..perhaps you have cable tv and pay $90 a month, consider using an online TV service like YouTube TV and you could save as much as $20-30..that adds up) and how much you take home. Subtract the two and that gives you what you could, or more likely SHOULD be saving. 2)Increase the amount your saving each month for retirement at least once a year. Typically people get a yearly raise, when this happens..increase your contributions right with your pay raise. 3) Review your investments at least once a year. Ask yourself.. Am I on track for retirement? What's my time horizon? What's my risk tolerance? Do my investments match those needs/timelines?

If you aren't good with finances, feel free to PM me, I'm willing to help out if you truly need it. This is what I do for a living and I like to help for free where I can.

Aanuoluwatofunmi

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Honestly no body want to get old because this youthful stage is a very most interesting thing to remain in because we have that strength to achieve every of our desired aims before going too old that we begin to lose strength over time, old stage is the last phase in life that we go through after we would have gotten ourselves empty in giving the best we could to humanity by making positive impact.

nimogsm

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This system does not work, which has already been proven many times. It can work at a short distance, but each loss must be increased by x2 and the balance will most likely end before luck smiles. I tried to work out this scheme on the dice repeatedly and made sure that this is a useless exercise, the casino will always be 1 step ahead of any tricky scheme Wink

Topic: Prepare for the life when you get old - page 11. (Read 2345 times)