Topic: Prepare for the life when you get old - page 9. (Read 2321 times)

Preparation in time is a major factor we need to consider as human investing is also important to us so as to meet up our needs tomorrow
Be in touch with the online trade which has been helping many people today as a result of there investment
People no longer think if today but only think of tomorrow because it is a major priority of every human
So long as you alive

Agreed and sad to see so many people misinterpret or try to distort the real meaning of it. I have no idea if there is any correlation between being rich and planning for the future but most rich people in my big family are very frugal and they always plan for the future. They don't complain about "live in the present", "enjoy the moment"  because they all have clear goal of what kind of life they are envisioning and how to get it. On the contrary, the less fortunate people who barely make ends meet tend to spend most spare money on leisure and keep saying "we only live once". I used to explain the meaning to them but not any more. It's just impossible. We only live the way we choose.

I remember the sentence "When you are rich then think if destiny changes you will be poor", I have changed the pattern of economic management in the last few years to save for old age because we will not get the same income every month and we can even lose our jobs at any time and there is no income, for example during the last pandemic many people lost their jobs due to economic difficulties companies, people without savings would find it difficult to buy food needs and some hoped for assistance from the government. In conclusion, we must set aside money for savings from each income/salary, savings are also useful for mandatory emergency needs in personal or family financial management.

It's the opposite that I know of from the community that I'm living in. They think that we only live once and that's why they enjoy the things that they can enjoy today through pleasures and never think of what's about to happen by tomorrow. They never think about their future and that's why the most important thing to them is present which is actually true but their approach and way of demonstrating it is in the wrong ways.
Yeah, we only live once and that's why we need to prepare and be better with the future that's heading to once because we'll never know if the same ways of living will still be in the future or we can still enjoy by that time or we'll face a lot of troubles and problems because of our ignorance today in saving, investing and preparation.

People no longer think if today but only think of tomorrow because it is a major priority of every human
So long as you alive

We should not take our financial stability for granted and always strive to save and invest for the future. Your uncle-in-law's story is a lesson for all of us to be mindful of our finances and plan for the future.

Last week, I met one of my uncles-in-law who has been a sailor for many years. In the past decade, he has been out of town and travelling all over the world to make a living. He has two children to raise and being a father who is always absent from their growing-up, he somehow does not know how to get along with his kids once he is back home once a year. In this transition period, usually like one month or two, he will find him some odd jobs  to make money to support his family. Unfortunately in this economic downturn, it is very difficult to find a job so he is quite upset now. Staying at home means no income and this makes my aunt very anxious. This uncle is in mid fifties and he is one of the most diligient people I've ever known. Ever since he was young, he would always keep busy doing all kinds of jobs to make money. I have to say that he made some savings for some years but it was most used up by sending his daughter to study overseas. Under today's economic condition, he has to wait more time to be assigned onboard and it is said his salary will be slashed big next time he has an offer. Well, to make a living, he has to accept that. He used to be a happy-go-lucky guy and always have a smile every day, last week I saw him, he was more like silent and upset.

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 ?

With today's technological advances and coupled with the conditions where young people are today, of course, this is very good because they can take advantage of the times and not reject various aspects of knowledge. Even though not all of them are prepared, at least there are a lot of young people who are quite successful and can be used as a reference for things like this.

They realize that self-preparation is quite important so they don't delay things like this.

Now there are a lot of supporting factors that can be utilized to make a good life and now it depends on our willingness whether it will only be stuck in place or move and want to live better.

Well that's right. And I think that the current generation also seems to be a pretty good generation when it comes to financial management. I see many young people who have prepared themselves to get a comfortable life in the future. they invest and save for the long term. one of which they do in bitcoin. I am also included as a person who has planned preparations for the future. and that's why I always keep my money aside for me to put in long-term investments.

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Well that's right. And I think that the current generation also seems to be a pretty good generation when it comes to financial management. I see many young people who have prepared themselves to get a comfortable life in the future. they invest and save for the long term. one of which they do in bitcoin. I am also included as a person who has planned preparations for the future. and that's why I always keep my money aside for me to put in long-term investments.

From what I usually see around me, old people will definitely choose investments that they think are very valuable and are in great demand by many people because old people usually think that something they invest can be more easily sold and easier to get a profit. when he is sold in a moment of sudden need for money or when he wants to share his inheritance with his children.

So it's not uncommon now that I often see parents who buy gold and land as assets that they think are good and that are also considered good investments for them even though for the younger generation now Bitcoin is also not so bad to choose as a long-term investment.

Not everyone who invests will be successful and happy in their old age. there are also investments that make their old age worse if the investment they choose is not successful or fraud occurs in their investment, even unwanted things will happen. of course the risk is always there, and choose an investment that has full trust and the right investment. there is a bright side if saving is the last solution that makes old age better even though there is no increase in the value of the savings we have, at least we have savings and whenever we can have them.

Preparation in time is a major factor we need to consider as human investing is also important to us so as to meet up our needs tomorrow
Be in touch with the online trade which has been helping many people today as a result of there investment
People no longer think if today but only think of tomorrow because it is a major priority of every human
So long as you alive

Investing is the best way to grow your savings, if you have time to participate in any types of investment and you succeed then
you will be able to enjoy financial freedom when you go old.

It's always a good way to think of your future while you are still young, many opportunities are open you just need to pick the right investment.

Be ready while you are still young, if possible, to think ahead and save the best for last.

You  only live once, so enjoy life. I'm 81 in June, and I've moved into a converted van. I have no money worries, and I can eat steak and salmon when I want to. I talk to people living in houses who sit under blankets because they can't afford heating, and complain because the cost of bread has gone up. Just make sure you are healthy, and can enjoy good food and sunshine in a stress free environment. Don't get into debt. If you can't afford it, don't buy it.

The long term assets caught my attention and that is why I always tell people to buy landed properties at the slightest opportunity that they get because investing in landed properties has always proven to be a generational wealth builder.

People die and most times I don't see any reasons to save when we gonna die at the end.
But whatever the case might be, people ought to save and invest for their old age.

Saving, setting up emergency funds, and investing must be part of our financial management for the current situation, especially those who do not have long-term assets such as land or property.