Topic: Read If you are between 18 and 68 years old! - page 3. (Read 802 times)

Most people are complacent with the current situation, a worker with an annual salary of $30k will never think anything about investing, he will feel comfortable with a monthly salary and many benefits so don't think about investing even don't want to save, when the unexpected happens for example a pandemic which makes them lose their jobs and income so they are frustrated and have no spare money to survive.

Choosing bitcoin as your financial plan is a favourable decision that will help you to grow now and in the future. Many people has achieved a lot of benefits from long term bitcoin financial plan during the pandemic that reduced people business which was allowed bitcoin investors to make more income from their long term investment at the moment. Investing huge amount of money on bitcoin right now, is a good plan to all long term investors to embrace this opportunity to earn well in the future when the price of bitcoin hit $100,000 before the end of this year 2022.

financial plan really important for us to prepare our pension plan we are old. alot thing will plan here since we have family, organizing money and separate it by its needs could give us more saving. holding cash and turn it to some assets will stablize our money that maybe in coming years will eaten by inflation. arrange  financial plan could devided by short term , mid term and long term without all of this  i am believe our work earning money will become useless.

You would need to be able to survive those hindrances or possible problems that would be faced up later on and this might be simple to look for someone to achieve about on how to make a better future then you would
find it for yourself that it wont really be that easy.When you are young or already into your own will on how to handle up yourself and make your future then you would normally be finding ways.
Its up to someones perspective on how he would really be planning his/her life to become.

Daniel Gilbert, in his study of human predictions and future plans, came up with the idea of ​​how much people change between the ages of 18 and 6. His thinking changes as well as his financial planning.

@LogitechMouse, your two points are very reasonable. I want to talk lightly about these two points.
About 80% of the people in our society are employed and if they can get into their dream job then they think their life is set in many ways. Then, under the pressure of work, the plan that was in their head with the future financial plan faded away gradually. Then their main focus shifts to daily properly eating and staying well.

Gilbert pointed to the age between 18-and 68. 18 the journey begins on our way to maturity. And at this age, we have countless plans for our future. But in the last age, it has been seen that very little has been implemented.

Let's talk a little bit about your point number two.

Your point two is also reasonable. Because we have not yet made progress in educating all the people in our society. Yet a large part of the people is uneducated. It is rather normal that they do not have financial planning.
And without proper knowledge of financial literacy, they have no account in savings and investing, so they have to travel.


I don't have any future financial plans yet though. But as you said this is the age of the internet and we are lucky for that. As time goes on, I too will gradually learn the things I need for myself with the help of the internet which will help in my planning

What is the basis for the above arguments? I don't get it because I'm not one of those things you're talking about. A clear financial plan Everyone laughs when not everyone can access or afford to create a possibility. You should be able to support yourself financially.While poverty, evils, social problems, etc. still exist, what the OP is looking at is just a perspective on a small part of it.

at a young age like 18 years, indeed many people are looking for their identity, they will try as much as they can, and among them will indeed fail a lot. from that failure that makes young people grow into adults and begin to take into account all risks, so they begin to be careful to take action, so that at the age of maturity, people will find it easier to become successful, because they move using more mature calculations. it if judged logically. but in this world many things do not make sense, and that is the power of god. Many of the successful entrepreneurs are in their old age, and if you think about it they may be too late to enjoy it, but that's God's secret that we don't know. The most important thing is that we must always try and never give up

I think the same, money managers have different plans depending on your age, when you are young and you have on average a lot of time left to live money managers will take more risks with your money as even if they happened to make a mistake or two you have a lot of time to recover from those losses, but once you reach a certain age then your portfolio needs to be adjusted to reflect this, and less risky assets will be included while the more risky ones will be sold creating a more solid portfolio, it would not give as much profits as before but in the case there are some losses those losses will be small and you can recover from them in the limited time you have available as an investor.

All matters with someones mindset and goal in mind or in life because you wont really able to reach that line if you wont persevere and wont sustain yourself into different challenges.

We are all hoping to have a better life in terms of finances and those results would really be depending on how hard you do work for it thats why it would vary on several factors.
Save and invest on different sectors or industries as much as you could and it would be better as young as you could as long you do able to do so.

That is a very basic tactic and yet it is one that is incredibly effective, and not only it works when it comes to complex and difficult tasks, it works on everything, for example many newbies coming to the market today have dreams of getting one bitcoin but they do not have the money to get one immediately, if instead of concentrating in that fact they took small steps like buying 100 dollars worth of bitcoin every month, maybe they will not reach their goal but they will get in the right path which will lead them to one day reach financial independence.

Right, I have a long term financial plan. Investing in Bitcoin is one of those long-term financial plans that I have. Whenever I invest in Bitcoin I always make sure to go for a long time because it mostly benefits me.

But, bitcoin and other crypto investment is not the only thing that I am into, I also have two businesses that I am handling , and they are going really fine and I believe that they will be more than the level that they currently are in the future. And I’m also putting in more effort into having different sources of income , because I believe that is really going to help me in the future when the time comes.

My current long term plan is to continue to invest in several places, and crypto is an investment that I make my third priority after property and stocks, I think the future will be full of inflation and the cost of living will continue to rise so we must overcome it by continuing to invest.

If people from 18 to 68 years old underestimate their future, they will regret it in the future.
It must be because they never think about preparing for their future and they don't imagine what kind of future they want.
Maybe they haven't thought about long-term financial plans because they are still trying to meet their primary needs.
But I'm sure they will prepare it slowly.
And luckily, we are more familiar with crypto than people out there because at least we already have a tool that can help us prepare for our future.

I don't think 18 years old is very young, at that times you need to choose your path either continue to school or work. If you take a job, you'll understand working isn't easy and you're more carefully to spend your money for. However if you continue to school, yep you wouldn't learn that... perhaps after you completed your school. Though depends on your parents financial, poor people have to learn money management when he's still in elementary school.

I also don't know where you live, but when someone already hit 18 years old... he supposedly can live alone without his parents.

Sometimes the way people's live turn out depends on the family that they come from. Some people at age 18 are already planning themselves into financial freedom while it is not like that for some people. There is an adage that "when a goat is chewing, the kids watches" and takes up from there. This is how it is with financial Independence. If you train a child on that earlier then the child carries on from there.

Another good catalyst to quickly start taking an interest in your financial future, including additional income, which can be represented by the same cryptocurrency, is the obligations you have.

When you have a family, children, some business, your mindset is rearranged, and now your primary concern is not entertainment, but earning money to provide for your family, children, or to support your business. In such a situation people become interested in investments, exchanges and other financial instruments, which can be used to make money. And this is just a good chance to get to know bitcoin and start investing for your future and the future of your children.

At the age of 18, we are still very young and only have passion for fun, entertainment and a little extravagance in life. Very few young people have long-term plans for their lives at that age.  Only when we turn 30 or have a small family do we really think about our future in old age and dive headfirst into our goals.

I think age is not an obstacle, the most important thing is that we will keep the spirit to plan our finances so that later we will succeed in building a business empire, or have financial freedom. there are many people who are successful in their old age, like the boss of KFC, and if it is said to be a failure, I don't think so, because there is a hand of God here that gives us success at what age. On the other hand, many people at a young age have been successful, of course, everyone has a different time dimension, and our job is to try and pray and apply the basic principles of management and clear planning.

All of us does have plans or wishes or goals in life, it is  really just a matter of perseverance and effort on attaining those things but of course not all situations or goals would really be reached out because

there would be factors would really be affecting on achieving it or attaining it but its not enough reason for us to stop and considered ourselves to be failure.Its good to start up when we are still young

where you should set your goals and invest and save while you are young and on the time you would really benefit out on what you had done all over the years.

One thing is certain, whether you are managing a business or an employee who is a low or a high wage earner, i believe we all have our own long term financial plans. Because we all dream to improve our present status in lives, and it will only be possible if we become successful in our financial plans. Some may have realized it at its early 30's, while others have succeeded in their late 40's.  But regardless of the age, having our own long term financial plans is very important because it will guide us and direct us to live the life we always dream to have. And to give our children a better future which they deserve to have.