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. 
Topic: Prepare for the life when you get old - page 6. (Read 2315 times)
Planning for a financially secure old age must have clear actions. That is, we must have assets that can provide us with long-term returns if they are investments, and also have good store-of-value assets. Fiat is not a good store of value even though many people believe it is safe, but gold and some other assets like bitcoin or others are also recommended to support this plan.
Now there are plenty of insurances that offers good plans in a lower premiums that can help for retirement, the earlier we start in paying the lower the premium we need to pay but be sure to only engaged in reputable insurance companies. It is good to have savings but once uncertainties happens it will be better to have some back up or insurance that can help us not to drain our savings and investment Incase there is a need to pay a big amount of money.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.
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.
Planning for a financially secure old age must have clear actions. That is, we must have assets that can provide us with long-term returns if they are investments, and also have good store-of-value assets. Fiat is not a good store of value even though many people believe it is safe, but gold and some other assets like bitcoin or others are also recommended to support this plan.
Now there are plenty of insurances that offers good plans in a lower premiums that can help for retirement, the earlier we start in paying the lower the premium we need to pay but be sure to only engaged in reputable insurance companies. It is good to have savings but once uncertainties happens it will be better to have some back up or insurance that can help us not to drain our savings and investment Incase there is a need to pay a big amount of money.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.
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. 
Preparing for life in old age is important for many people so that we can live comfortably without asking for financial help from others.
To be kindid it pains me when seing an elderly man begging around for survival, that's too ridiculous and bad for them to do at old age,but sometimes i ask if some of them where with children or not and sometimes also, some thoughts came into my mind if they had spent their youthful days in waste, but the real fact we must get here is that we will all get to such stage in life and our today is a function of how it will look like in the future for us when we are old, let's save, invest and secure a better future.
We need to save money for our retirement while we still can. If we can invest to a profitable investment like real estates, crypto currencies, gold etc would be better, because later on those investments can lead to a possible profit. Also one thing living a healthy lifestyle could save us money for paying healthcare providers.
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Preparing for life in old age is important for many people so that we can live comfortably without asking for financial help from others. We need to save money for our retirement while we still can. If we can invest to a profitable investment like real estates, crypto currencies, gold etc would be better, because later on those investments can lead to a possible profit. Also one thing living a healthy lifestyle could save us money for paying healthcare providers.
Everyone certainly hopes to enjoy their old age with good financial stability. But not all of us will have it due to lack of preparation or lack of economic ability that we have. Saving is of course supposed to keep them financially fit for the day, but they should prepare well in advance as long as they are still productive enough to make money.Planning for a financially secure old age must have clear actions. That is, we must have assets that can provide us with long-term returns if they are investments, and also have good store-of-value assets. Fiat is not a good store of value even though many people believe it is safe, but gold and some other assets like bitcoin or others are also recommended to support this plan.
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.
A long period of time Inflation has reached such a level that people are suffering from money crisis. If he earns $300 a month, he has to use the entire amount to cover his expenses, and some are borrowing extra money to meet the expenses. As hard as it is to save in such conditions, after a long time the saved money may also be worthless. Moreover, banks now offer very little money against deposits which will not be much when that is needed. So to avoid this kind of situation one should invest.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.
Investing is always risky. But a well-researched investment will make you financially free. Those investments will be well suited to spend the old age of life comfortably. Every person needs financial freedom for secure their life.
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 ?
However, having a good knowledge about financial freedom will be of advantage to helping you make the right choice at every moments, which is why we all should at least some strive to create time to read books about making money & financial freedom, and never be afraid to work hard today so we could enjoy the fruit of your labour tomorrow.
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.
Some people just live hand to month for the whole period of their lives and it is not possible for them to prepare for their old age. The preparation for old age and this stuff is only for the rich who have a lot of money and they can invest that money in property or in bitcoin to get the benefit at a later stage of their lives when they are not capable to work.
Anyways, those who have extra money or savings should invest in something (it could be crypto or anything else), that could benefit them in the long run.
Investing is not only for the rich but anyone who is actively working to get a side job will have the opportunity to increase savings, so the maximum value of savings is not limited according to income and any amount can be allocated for savings every month, but it is better if the savings are converted to crypto or gold to get high profits for the long term.Anyways, those who have extra money or savings should invest in something (it could be crypto or anything else), that could benefit them in the long run.
You can assume that way if you fully know the venue of investment that you are taking, gold and crypto both are good venue
to invest if you will take time to study how the market works.
For some, they are aiming for properties, knowing that in the long run, the value will increase. Preparing for your life is always a good solution if you don't want to become a burden to others in the future.
Always do your homework in terms of picking the right venue for investment while saving portions of your salary.
Preparing for life in old age is important for many people so that we can live comfortably without asking for financial help from others. We need to save money for our retirement while we still can. If we can invest to a profitable investment like real estates, crypto currencies, gold etc would be better, because later on those investments can lead to a possible profit. Also one thing living a healthy lifestyle could save us money for paying healthcare providers.
We do have differences in terms of financial capabilities and it was given that there are people who live as wealthy since birth while others live poor and have no option but to survive, though chances to change our future always in our hands if we continue chasing for good opportunities maybe there's something out there that will give us the chance to succeed.
Preparing for the future should always be a part of your life. You never know what's waiting for you and being prepared will give you some good edge to continue surviving whatever the future may like.
they would help their kids grow but they would not make a saving for them -death is for sure but we should think of a better retired life then to think of our kids all the time
Helping them grow savings is part of it, it doesn't all about money but also like lands, house or any expensive stuff that they can benefit. Though the problem is that not all has a privilege to have extra money for investment as they income are just enough that is why you should save your extra once you have a spare money
Some people just live hand to month for the whole period of their lives and it is not possible for them to prepare for their old age. The preparation for old age and this stuff is only for the rich who have a lot of money and they can invest that money in property or in bitcoin to get the benefit at a later stage of their lives when they are not capable to work.
Anyways, those who have extra money or savings should invest in something (it could be crypto or anything else), that could benefit them in the long run.
Investing is not only for the rich but anyone who is actively working to get a side job will have the opportunity to increase savings, so the maximum value of savings is not limited according to income and any amount can be allocated for savings every month, but it is better if the savings are converted to crypto or gold to get high profits for the long term.Anyways, those who have extra money or savings should invest in something (it could be crypto or anything else), that could benefit them in the long run.
Of course there is a volatility aspect to them both especially for cryptos which would definitely flip price, I wouldn't advice that a life after work be placed in cryptos or gold.
Taking active investment in other opportunities would be some ideas to give a thought.
Some people just live hand to month for the whole period of their lives and it is not possible for them to prepare for their old age. The preparation for old age and this stuff is only for the rich who have a lot of money and they can invest that money in property or in bitcoin to get the benefit at a later stage of their lives when they are not capable to work.
Anyways, those who have extra money or savings should invest in something (it could be crypto or anything else), that could benefit them in the long run.
Investing is not only for the rich but anyone who is actively working to get a side job will have the opportunity to increase savings, so the maximum value of savings is not limited according to income and any amount can be allocated for savings every month, but it is better if the savings are converted to crypto or gold to get high profits for the long term. Anyways, those who have extra money or savings should invest in something (it could be crypto or anything else), that could benefit them in the long run.
We do have differences in terms of financial capabilities and it was given that there are people who live as wealthy since birth while others live poor and have no option but to survive, though chances to change our future always in our hands if we continue chasing for good opportunities maybe there's something out there that will give us the chance to succeed.
Preparing for the future should always be a part of your life. You never know what's waiting for you and being prepared will give you some good edge to continue surviving whatever the future may like.
Some people just live hand to month for the whole period of their lives and it is not possible for them to prepare for their old age. The preparation for old age and this stuff is only for the rich who have a lot of money and they can invest that money in property or in bitcoin to get the benefit at a later stage of their lives when they are not capable to work.
Anyways, those who have extra money or savings should invest in something (it could be crypto or anything else), that could benefit them in the long run.
We do have differences in terms of financial capabilities and it was given that there are people who live as wealthy since birth while others live poor and have no option but to survive, though chances to change our future always in our hands if we continue chasing for good opportunities maybe there's something out there that will give us the chance to succeed.
Preparing for the future should always be a part of your life. You never know what's waiting for you and being prepared will give you some good edge to continue surviving whatever the future may like.
they would help their kids grow but they would not make a saving for them -death is for sure but we should think of a better retired life then to think of our kids all the time
We do have differences in terms of financial capabilities and it was given that there are people who live as wealthy since birth while others live poor and have no option but to survive, though chances to change our future always in our hands if we continue chasing for good opportunities maybe there's something out there that will give us the chance to succeed.
Preparing for the future should always be a part of your life. You never know what's waiting for you and being prepared will give you some good edge to continue surviving whatever the future may like.
In old age, you can count on your children or they will count on you. Here, how it goes.
This is an important point to consider, where we don't always have to think about our future to be responsible for our descendants. We don't always have to save for our future, but investing in education and providing a good school for our children is one of the best investments for our assurance in old age. When our children can earn more money than us, the legacy of mental and material wealth will continue to our grandchildren in the future. Who wouldn't be proud of this achievement?It all depends on our perception in dealing with the existence of money. Hoarding it can be exhausting, but using money with the right purpose has the potential to bring greater benefits than our expectations.
and of course we still have to think about and prepare ourselves for old age. and I even think about not wanting to bother my kids someday. because they also have their own family. so that I will prepare a retirement fund and also prepare my children to become independent individuals and be more successful than me.
In old age, you can count on your children or they will count on you. Here, how it goes.
This is an important point to consider, where we don't always have to think about our future to be responsible for our descendants. We don't always have to save for our future, but investing in education and providing a good school for our children is one of the best investments for our assurance in old age. When our children can earn more money than us, the legacy of mental and material wealth will continue to our grandchildren in the future. Who wouldn't be proud of this achievement?It all depends on our perception in dealing with the existence of money. Hoarding it can be exhausting, but using money with the right purpose has the potential to bring greater benefits than our expectations.
and of course we still have to think about and prepare ourselves for old age. and I even think about not wanting to bother my kids someday. because they also have their own family. so that I will prepare a retirement fund and also prepare my children to become independent individuals and be more successful than me.
In old age, you can count on your children or they will count on you. Here, how it goes.
This is an important point to consider, where we don't always have to think about our future to be responsible for our descendants. We don't always have to save for our future, but investing in education and providing a good school for our children is one of the best investments for our assurance in old age. When our children can earn more money than us, the legacy of mental and material wealth will continue to our grandchildren in the future. Who wouldn't be proud of this achievement?It all depends on our perception in dealing with the existence of money. Hoarding it can be exhausting, but using money with the right purpose has the potential to bring greater benefits than our expectations.
I know that everyone can't live the same as other people out there, some people could have just easily get anything because they are rich, some people have to really work hard just for their daily needs and foods. This is why I can sort of understand why such things could happen, because that's how life works. It's also important to prepare for the future since today because who knows things are not going as you expect and more preparation means you can avoid such things in the future including economy purpose.
We do have differences in terms of financial capabilities and it was given that there are people who live as wealthy since birth while others live poor and have no option but to survive, though chances to change our future always in our hands if we continue chasing for good opportunities maybe there's something out there that will give us the chance to succeed.
Preparing for the future should always be a part of your life. You never know what's waiting for you and being prepared will give you some good edge to continue surviving whatever the future may like.
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