Topic: Prepare for the life when you get old - page 12. (Read 2315 times)

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.

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.

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

I see clearly that your uncle is just a diligent saver, his mistake is that he doesn't invest or has a side job so when he's old, the boss will definitely prefer the younger ones. From what I see it seems that your uncle can only expect his child to feed him someday.

still, under discussion, prepare yourself for the long-term plan, that's what I really remember from my lecturer. people who have fun and are lazy when they are young will definitely regret their life when they are old, the wheel of life keeps turning, therefore everyone is actually required to be able to live financially free when they retire so they can enjoy life with their family.

this topic should make many think. It is very important in youth to think about what to live on in old age and start saving as early as possible or create passive income that will constantly bring profit. In youth, we spend a lot on ourselves and often buy things we don’t need and the understanding of this comes much later.I have just opened a savings account for myself which I send money to whenever I can and I hope this will become a habit in the future.

We must be productive in utilizing savings for capital that can increase profits for the future, converting gold investments or into business capital, the risk of accumulating as much money as possible in savings will have an impact on inflation which will reduce the value of the currency. It is recommended that you use your savings for job opportunities according to your skills.

Everyone has prepared finances for their old age and each of them has a different strategy of saving for a better old age, we have an age limit for productive thinking of up to 50 years so don't waste your young age to work hard because we have an economic responsibility for families and providing education to our children, the point is to prepare from now on is the best strategy.

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.

I think accumulating as much money as possible is not a good solution to prepare for life in old age, no matter how much money you have, it will run out, but it is better to invest or start a business at a young age so that you can continue to run it until you are old.
building a running asset that can continue to provide income for us, even though it's small, I think it's better than saving as much money as possible.
but everyone certainly thinks about different things for the way they prepare for life in their old age and what is certain is that whatever it is, we have to try harder and think carefully about all plans so that they can go as expected.

I also have high hopes in investing in land. because the price of land has never decreased. the price tends to increase from time to time. because the human population continues to increase and of course all of them will need a place to live (house) built on the ground. and because of that the price of land will increase as the human population increases. well planning for old age must be done since we are young. although not many young people think about this. but those of us who prepare from now certainly have higher hopes for the future, namely a happy life in old age. and investing more is the way to achieve that goal.

Collecting as much money as possible while still strong and managing the money well is one way to prepare finances for old age, so that we can enjoy old age safely and calmly, it's better to fight hard now for a quiet old age, not expecting money from their children and grandchildren, if managed properly, even if we are old, we can still provide for our children and grandchildren in the future

Yes, I agree with you in this matter that investment is not just money and property, but a comprehensive investment like some of what you said, for example health. Maintaining a healthy lifestyle is also an investment that sometimes not everyone is aware of. They only focus on money and possessions even though if we talk as a whole, things like health are also very important for old age.
Now we will find many young people affected by many diseases due to unhealthy lifestyles.

Yes there is no doubt that will we be alive in old age or not but thinking about life is not a bad thing. There is no guarantee of life for a second and sometimes a person thinks so deep and do every possible thing to achieve the life's goals but he can't. It is not a bad thing to keep eye on financial status and work hard to improve it so lots of people are in desire of investment of some money but they should make their family aware of such investment and in my opinion investing money in real estate is also a good idea.

A person cannot leave the investment which he started at adult age because once a person get involved in something beneficial he cannot get rid of it. Hard work in adult age have more benefits in old age because the way people make investment and save money in some other business is more benefited in old age so thinking about future is full of advantages but if unfortunately he doesn't achieve so he will be disappointed.

Yes you are absolutely right land appreciate more profit then any other type of property. There is almost no chance  to get profit from land but with land we can invest in more such things like Bitcoins, digital gold, NFTs, Stable coins and security tokens digital investment is good platform for our old age and yes making Jwellery and keeping money in saving is not worth now a days there is so many apps are there in online platform which we can connect with our phone and can invest in Mutual fund, stock market if we want then we can do insurance it is much better then to make ornaments or keeping in saving account for old age.

Everyone should avoid spending money where it is not needed and in difficult financial conditions, money should really be used in the right way. Building a business or running an investment is one of the steps to prepare for old age, if when we are young we are not more active in developing business and investments, then when we enter old age we will experience more difficulties and opportunities, especially if there is no adequate financial support.

Being broke or experiencing the lowest point in life is a cycle that we cannot avoid, there are efforts that we must increase to prepare for old age, experience will teach us to try to be more active and have strategies to prepare for old age. Investing, building a business and saving are ways that can be done, as long as they are adjusted to the financial capabilities we have.

Indeed. People do not fall into the life that they want, they fall to the level of their standard. IF a person's standard is to do amazing things and work hard, they will do amazing things and work hard. You cannot take it away from them. That's how everyone is different from living another's life. It is a matter of what they are chasing. Happiness? Stability? Excellence? Hard work? Serenity on a farm or a bus workload on a business firm? This then leads to how people would take risks in their life. If one would aim higher, they would risk more and greater. If one wants to be stable in their forties, one would make good investments in their twenties.

Just be prepared for any kind of recession and difficulties. Protect your assets. Don't and never be a slave to money. Use it as a tool and as means of freedom that everyone was seeking. True happiness comes from adventure, not security. Good things comes from good risk taken.


It is either you take a good investment or you create a business that would start a good investment. Wealth is a creation. Not being a slave. Work hard, save as you much, learn on the side, establish a system, create, trust your system, invest, take risks, rinse, repeat. That's how you play the game. You leave a legacy for the people around you. Be willing to risks because that's where gains start and grow. Anyone can. One simply can. It is a matter of whether a person is willing to do things that are required for financial freedom or not.

The people who are afraid to make investments are the people who will suffer in the future wherein they will have problems in terms of financially and mentally. Why do I say so? If they do not have an assets that will generate them cashflows, they will experience difficulties and a lot of adversity whenever they face worse case scenarios like paying hospital bills, necessities like food, rent and many more expenses. They are afraid to take risks without knowing that if they do not make investment is also a risk. The problem is their mental foundation and educational background wherein they do not have an idea how to start investing, the benefit of making investment and the freedom that they can get throught. Most of the people nowadays are seeking security rather than freedom, they just want a stable life that will help them to live paycheck to paycheck. Don't get me wrong idea, I'm just saying that truth that most of people want to be rich by they are so afraid to make an investment. If you want to be part of the top 5%, be confident and start taking risks. There are so many opportunities in this abundance world, it is up to you if you will take it or not. Remember that there are some people out there who are keep working because they want to become rich whenever they get old. Be part of the people who prioritize investments.

if we invest a lot then there is nothing to be afraid of. The investment that is meant is not only money but education, health which is taken care of from an early age and good treatment of those around us, so that our old age will be calm.
and it's true that we have to prepare for life in old age, and everyone will think about that when he grows up so that when someone has thought about his old age, he will save and invest more.

but everyone has a different way of living in their old age, and of course all of these people still want happiness, calm and also peace in their old age.

If we have good intentions to save and are disciplined then we can be happy in old age, many things are often unexpected in old age, and the problem that often occurs is health, parents get sick easily so they need big medical expenses, apart from saving things most importantly from now on we have to follow a healthy lifestyle, leave junk food and eat lots of vegetables from the results we plant.

I think hardworking labourers shouldn't be blamed that they are having hard time making in current dire financial situation. Most people, most workers in the world do not develop proper economy knowledge. They don't get chance to do it, they can't find time to do it (they are busy working). I think we are lucky kind, we met with Bitcointalk, at least learned how to read indicators or obvious economic weather. We all invested one of the greatest inventions in the world (Bitcoin).
Only suggestion to give old guy OP introduced us is to teach him how to protect his wealth. Through metals (gold/silver), investment (real estate, stocks, bonds) and Bitcoin.

To make old age, we have to prepare from now on, in 30 years I will be old and of course I will have a lot of time to make my old age happy, I will do the best, especially land investment, I'm sure only land investment is the way to make old age we are happy, do not be extravagant and too often in debt because it will make us miserable.