wise and smart choices in saving pave the way for financial resilient tomorrow. it is never late to start saving, economist emphasis the important of saving as a vital component of stability and freedom
Yeah that's right and even though I agree with you about this one, I can never do this even though I preach these, maybe because I'm too fond if not addicted to buying collectibles and such, although they grow or retain their value, it's almost always that I feel like after I've spent my money in them, I always have this unsatisfactory feeling where no matter how much of these collectibles that I buy, I almost always end up having to spend more to increase but I feel like I am still in control though as when this happens, I still haven't sold my bitcoins yet so in a way, I still have that consolation that I can still spend because there's still my investments that are growing everyday. 
Topic: Save money today so money would save you tomorrow. - page 2. (Read 1613 times)
I have reminded my friends about that and some don't consider it, most of them when they get money they spend it and spend it, because they think that the money can be recovered, even though from there we can see that it will start again from 0.
and there will be no increase in his savings.
and there will be no increase in his savings.
It is good to save money now because that same money can save us. In the event of an emergency, for example, if you invest in health today, your health will do the same, requiring us to eat well, sleep well, and exercise regularly in order to stay in excellent shape. So that we may count on a robust support system when we need it. It also pertains to relationships, in the sense that if we provide and be there for our loved ones when they need us, they will be there for us when we need them and support us in whatever manner they can.
wise and smart choices in saving pave the way for financial resilient tomorrow. it is never late to start saving, economist emphasis the important of saving as a vital component of stability and freedom
I wasn't really a saving type, but lately looking at the current situation of things in my country, how costly things have gotten, once money enters your account or wallet, you'll be suprised of how you won't be sure of how it vanished, not to talk of having a tangible reason of what you did with the money. So recently looking at how people cry for money and personally looking at how I needed money I decided to start splitting the little allowance I get, saving one part and using the other, I won’t really say that it has made me a billionaire or that I no longer lack money but at least I have cash somewhere that I could call my own and fall back to in cause of emergency.
To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.
To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.
When you are young you should try to enjoy life through experience and travel, rather than materialistic things like chasing the latest iPhone or Apple headset. However peer pressure can be surprisingly powerful at that age and many only start to think independently of it into their twenties. It's a very hard balance to find, as they can often be on low wages anyway, but when you are young is the best time to make financial mistakes as you have plenty of time to rectify it later - just try to avoid going into debt as that brings it's own problems.
If the choice is to spend money on nothing and save, then saving is much better than that. However, saving money has very positive things in the future. This can encourage someone to invest, or own real estate in the future. Saving little by little is the best thing if we don't have much income. However, if we have quite a lot of income, it would be better if we save and invest simultaneously. After all, investing is better than saving. Because with investment, our income has the potential to increase. This can encourage someone to have more savings
Both are certainly very good things to do, but if we continue to save for the long term it will be very detrimental because of the influence of inflation. In my opinion, if we already have savings, it is better to invest it in gold because it has no risk. Apart from that, investing in property is also quite good because having fixed assets is also the safest part of investment. But it depends on each person's management style, sometimes some people are more ready to spend their savings to expand the business they are currently involved in. 
I’d say; avoid spending that isn’t on something you need, invest as much money in as much places as possible, and save money just about the amount you need. One of the mistakes people make is saving too much money when you are supposed to invest the most part of it and save some for just emergency. While that is something to consider, the generation today doesn’t even think that deep on either saving or investing. Most youthful people are wasting their money and time doing things that would never benefit them.
That's my mantra for this year, I told myself that I would pay more attention to investing in different things than accumulating or piling my money in savings accounts. if I invest my money, it is still possible to make a profit if I handle it properly, unlike money in the bank that only receives very little interest annually,
just like you said, this is one of the wrong things people do but we can't blame them because not everyone has extra money to invest, because they don't even have savings.
Well, I’m saying so because I know there are people who have money in their bank account but don’t have any investments, or just a few investments. They are the ones I’m talking to because I don’t see how smart it is to save thousands of dollars in your bank account when you can invest it and let it generate you steady income (even if it is small). This is how people get wealthy, because asides investments, one is just rich (superficial wealth).
If you know your stuff, investment isn't risky. Making informed choices. Yes, you may not have much, but the appropriate investment approach can change that. Instead of gambling, take thoughtful, gradual financial resiliency initiatives. We shouldn't close the future because we're afraid to leave the past
If the choice is to spend money on nothing and save, then saving is much better than that. However, saving money has very positive things in the future. This can encourage someone to invest, or own real estate in the future. Saving little by little is the best thing if we don't have much income. However, if we have quite a lot of income, it would be better if we save and invest simultaneously. After all, investing is better than saving. Because with investment, our income has the potential to increase. This can encourage someone to have more savings
If we only have savings and don't invest some of the savings we have, of course the money we save will decrease in value when inflation occurs and if we can invest some of the savings we have, of course we will be able to maintain the value of the assets we own and there will also be profits. what we get from the investment.When we have a lot of income, of course it will be easy to invest and also save because it will be very difficult to be able to do this simultaneously if we have income that we can only use for daily needs and we also have to be able to save so that if If we have enough savings, we will be able to invest to prepare for our future.
If the choice is to spend money on nothing and save, then saving is much better than that. However, saving money has very positive things in the future. This can encourage someone to invest, or own real estate in the future. Saving little by little is the best thing if we don't have much income. However, if we have quite a lot of income, it would be better if we save and invest simultaneously. After all, investing is better than saving. Because with investment, our income has the potential to increase. This can encourage someone to have more savings
So, more savings isn't always the solution, but more earning sure is the solution.
I don't think you can say that one is more important than the other. The right way is certainly a mixture of more saving or investing and trying to increase your income at the same time. And another important point that came up a bit too short in the discussion is to reduce your expenses as much as possible.
To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.
OP you are making a clear point, saving helps and also takes care of emergencies, and other situations that might arise.
But, I strongly believe the tomorrow you are talking about, savings won't help that time. Simply because saving fait currency for long is waste of time(just lying in bank,depreciating everyday).
A quick example is the current economic situation in countries today,just imagine those that have there save,how do they feel now, the money can't yield there needs,only inflation eats up part of the money.
In a clear time I think what would have been the best advice for youth should be them understanding money management and investing for tomorrow not saving for tomorrow.
So as to secure the tomorrow as a financially Independent person with freedom.
To me savings is actually good to be frank, but I dont really fancies it, what I usually do is, I try to cut my coat according to my size, by drawing down a budget, and in that budget I will create room for emergency fund that I believe that can sustained me in case of any unforseen circumstances.
Why I don't like to save nowadays is because of inflation, because I believe that is the real enemy to any money saved up, so I prefer holding that money in anything that appreciate in value overtime, like Bitcoin gold or land, than to hold fiat in the name of savings.
Why I don't like to save nowadays is because of inflation, because I believe that is the real enemy to any money saved up, so I prefer holding that money in anything that appreciate in value overtime, like Bitcoin gold or land, than to hold fiat in the name of savings.
We must saving more or less, because we never know when danger will strike. Danger can strike at any time and you will find yourself in a situation where you cannot even ask anyone for money. Then if you don't have the money yourself, you can get into a lot of trouble. Don't depend on others all the time, sometime you have to protect yourself at your own risk, you should avoid unnecessary expenses and save some things from yourself without relying on others. And yes keeping money depreciates so you can use it as a long term investment in Bitcoin if you want.
It's true that we have to be aware of ourselves not to be careless in managing our finances. When you don't have problems, maybe everything will look comfortable, but if problems arise and you don't have money, it will make the problems even more complicated. I always remind myself and the people around me to be more diligent in working to earn money not only to meet their living needs but also to be able to develop their business by investing in various platforms.
Well, I would say that saving money alone never saves us tomorrow instead of doing this better use that money to invest so the profit we get will be able to sustain our needs and our money is intact. In fact, this is what smart people do because our savings will just drain if we never find a way to grow it.
That is why many people after retiring, they get empty and broke because while they still have income they never mind about saving and investment as they give priority to enjoying life first rather than making sacrifices and suffer later. That is why we should be wise enough to our money and think on how to grow it rather than thinking on how to spend it in useless stuff.
That is why many people after retiring, they get empty and broke because while they still have income they never mind about saving and investment as they give priority to enjoying life first rather than making sacrifices and suffer later. That is why we should be wise enough to our money and think on how to grow it rather than thinking on how to spend it in useless stuff.
I’d say; avoid spending that isn’t on something you need, invest as much money in as much places as possible, and save money just about the amount you need. One of the mistakes people make is saving too much money when you are supposed to invest the most part of it and save some for just emergency. While that is something to consider, the generation today doesn’t even think that deep on either saving or investing. Most youthful people are wasting their money and time doing things that would never benefit them.
That's my mantra for this year, I told myself that I would pay more attention to investing in different things than accumulating or piling my money in savings accounts. if I invest my money, it is still possible to make a profit if I handle it properly, unlike money in the bank that only receives very little interest annually,
just like you said, this is one of the wrong things people do but we can't blame them because not everyone has extra money to invest, because they don't even have savings.
Well, I’m saying so because I know there are people who have money in their bank account but don’t have any investments, or just a few investments. They are the ones I’m talking to because I don’t see how smart it is to save thousands of dollars in your bank account when you can invest it and let it generate you steady income (even if it is small). This is how people get wealthy, because asides investments, one is just rich (superficial wealth).
Every investment has risks but even keeping your money in the bank is a risk itself. It’s a risk because if inflation. Imagine if what you could buy with $30 now needs $60, that means that the value of your saved money has slashed by half.
You don’t have to invest little amount of money just because you want to invest, you will have to weigh what you want to invest in, can you money achieve it? There are different things one could invest in; crypto, stocks, or even your own business.
I’d say; avoid spending that isn’t on something you need, invest as much money in as much places as possible, and save money just about the amount you need. One of the mistakes people make is saving too much money when you are supposed to invest the most part of it and save some for just emergency. While that is something to consider, the generation today doesn’t even think that deep on either saving or investing. Most youthful people are wasting their money and time doing things that would never benefit them.
That's my mantra for this year, I told myself that I would pay more attention to investing in different things than accumulating or piling my money in savings accounts. if I invest my money, it is still possible to make a profit if I handle it properly, unlike money in the bank that only receives very little interest annually,
just like you said, this is one of the wrong things people do but we can't blame them because not everyone has extra money to invest, because they don't even have savings.
Well, I’m saying so because I know there are people who have money in their bank account but don’t have any investments, or just a few investments. They are the ones I’m talking to because I don’t see how smart it is to save thousands of dollars in your bank account when you can invest it and let it generate you steady income (even if it is small). This is how people get wealthy, because asides investments, one is just rich (superficial wealth).
We must saving more or less, because we never know when danger will strike. Danger can strike at any time and you will find yourself in a situation where you cannot even ask anyone for money. Then if you don't have the money yourself, you can get into a lot of trouble. Don't depend on others all the time, sometime you have to protect yourself at your own risk, you should avoid unnecessary expenses and save some things from yourself without relying on others. And yes keeping money depreciates so you can use it as a long term investment in Bitcoin if you want.
Having savings and investments is everyone's dream, because this is what will save them in the future. However, currently the situation is really difficult, especially being able to save and start investing, even being able to meet your daily needs feels very difficult. Where at my relatively young age, I have to carry quite a heavy burden, because apart from me also having to be responsible for myself personally for a better future, but I also have to be responsible for my family, remembering that currently I am the most take responsibility and be the backbone of the family. So that forces me to continue working in a job that doesn't pay much, because after all I have to have a steady income every month to ensure the family's survival.
I really understand your condition and you have to survive by earning income whatever the results. In conditions like that, you only need to focus on work that can generate money for your and your family's daily life. You don't need to worry about some of the arguments on forums regarding savings and investment, although this is good, it doesn't apply to everyone. I believe that with your hard work you will be a winner in the future. Don't give up, sweat it out while you are still young and make your family smile and make you one of the most successful people. 
Having savings and investments is everyone's dream, because this is what will save them in the future. However, currently the situation is really difficult, especially being able to save and start investing, even being able to meet your daily needs feels very difficult. Where at my relatively young age, I have to carry quite a heavy burden, because apart from me also having to be responsible for myself personally for a better future, but I also have to be responsible for my family, remembering that currently I am the most take responsibility and be the backbone of the family. So that forces me to continue working in a job that doesn't pay much, because after all I have to have a steady income every month to ensure the family's survival.
Not everyone is lucky enough to be born into a wealthy family, for example, but that doesn't mean we can't improve on our efforts. Hard work is the key to everything, do whatever you can do while continuing to seek knowledge and experience, I believe one can turn a difficult situation into an easy situation as long as we strive to make it happen.I think it doesn't matter how much we earn even if it is relatively small, rather than having no income at all. Because I see some people who want to have a high income so they skip low-paying jobs, in the end they don't have any income. Don't want to be someone like that, because they are actually building their own difficulties.
Having savings and investments is everyone's dream, because this is what will save them in the future. However, currently the situation is really difficult, especially being able to save and start investing, even being able to meet your daily needs feels very difficult. Where at my relatively young age, I have to carry quite a heavy burden, because apart from me also having to be responsible for myself personally for a better future, but I also have to be responsible for my family, remembering that currently I am the most take responsibility and be the backbone of the family. So that forces me to continue working in a job that doesn't pay much, because after all I have to have a steady income every month to ensure the family's survival.
Yes, I agree with you, that is the dream of every person who thinks about their future. If a person is thinking about the future and needs to be prepared, then that person will definitely want things that can be profitable in the future, such as investing or saving. It's just that not everyone can do it, some people have unstable finances, sometimes people have jobs that earn money but can only meet their daily needs as you said.My advice is to stay enthusiastic, don't complain because at a young age, some of us will definitely have to meet the needs of the family or bear more burdens, but what can we do, therefore we have to try as much as possible to do the best for ourselves and family, especially if there is no one else to look to besides us. I appreciate what you are doing, and I am amazed by it. whatever you do for your family is the best.
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