Save while young better than wait - page 11.

erep

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Quote from: DanWalker on February 03, 2024, 05:06:54 AM

In theory that's true and what you say is not wrong. But how many people can do that because there is a huge gap between saying and doing? Let's look at the reality we live in, how many young people are doing exactly what they are taught in school, or do most just know how to have fun, rely on their parents and never think about the future? What I see is that young people today speak very well and listen very well, but not many of them can do what they say.

I have many friends, they have great ideas, they are very good at planning but so far their lives are not much better. Therefore, we need to look at the results they achieve instead of just listening to them ramble about life.

You are right, but not everyone is like your assumptions and many poor people have great ideas but they can realize the ideas into opportunities to achieve high financial levels. I have reviewed that the wheels of the economy in the era of globalization have changed faster than the era before technology, they take advantage of social media and other activities to have the opportunity to get a job with the aim of getting maximum monthly income.

Many educated people will be able to utilize technology for maximum income purposes and I remember my friend who has been successful as a famous YouTuber and he was previously only good at babbling but he has proven that he will be the most successful person in the future.

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Quote from: bettercrypto on February 03, 2024, 09:17:17 AM

I remember when I was 23 years old, I said to myself that I should have my own house and lot before I turn 30 years old, but that didn't happen because I said that then because I was one of the members of MLM businesses that made me believe that I would succeed in life. But it didn't work for me.

Talking about savings, this MLM reminds me of it own kind of savings. To me it is not a savings pattern that is reliable in the sense that there is so much hope giving to you to continue in the multi level marketing but at the end it is not worth it. In order words, while we are saving, we need to save in the right direction and not to put our money in scam project in the name of trying to save for the future and it turns out to be a scam project likewise some altcoins will end up as exit scam like most MLM ends up to be a waste of time . Bitcoin investment is the most crypto guarantee investment and savings plan.

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Quote from: paxmao on January 26, 2024, 10:41:39 AM

Look, you can be old and rich or young an poor, but being old and poor is bad shit.

A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

I remember when I was 23 years old, I said to myself that I should have my own house and lot before I turn 30 years old, but that didn't happen because I said that then because I was one of the members of MLM businesses that made me believe that I would succeed in life. But it didn't work for me.

It just happened that I had a house and lot when I stumbled upon cryptocurrency when I was 40 years old. That's why I'm very grateful that I discovered this cryptocurrency, or Bitcoin, because I was able to save money to have my own house and lot and motorcycle as well together with a small business. .

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Quote from: zaim7413 on February 03, 2024, 12:55:21 AM

We are always taught "Time is money, wasting time is like wasting money". We always kept this concept in mind when we were still studying, the aim was not to become lazy young people who would end up tragically living their old age in poverty. Youth is the most productive time to invest for old age, money collected in different investment assets, such as gold, land, real estate or now the most commonly known young generation Bitcoin investment which is very profitable for the long term, really helps prevent poverty when you are old.

Poor young people can still work perfectly, their physical and energy are still strong, their time is still long and they don't have to bear much burden. Everyone who wants their old age to be free from all financial problems will try to use their time to accumulate wealth as long as they can while they are still young.

In theory that's true and what you say is not wrong. But how many people can do that because there is a huge gap between saying and doing? Let's look at the reality we live in, how many young people are doing exactly what they are taught in school, or do most just know how to have fun, rely on their parents and never think about the future? What I see is that young people today speak very well and listen very well, but not many of them can do what they say.

I have many friends, they have great ideas, they are very good at planning but so far their lives are not much better. Therefore, we need to look at the results they achieve instead of just listening to them ramble about life.

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Quote from: shinratensei_ on February 02, 2024, 09:04:05 PM

Quote from: TopT3ns on February 02, 2024, 06:59:15 PM

Quote from: oktana on February 02, 2024, 06:15:27 PM

I literally pointed that out. But I started with saying work hard because the money with which you will use to invest or start the proposed business will definitely not fall from the sky. So you need to earn that money by working hard first, and then push your own establishment. Saving money is meaningless to me because instead of saving it and it will be stagnant or reduce in value (since money is always printed), you should look for ways to multiply it.

As long as you are still very young, working hard is really necessary to enjoy old age because it is impossible when you are old but still have to work hard because, of course, you don't have much performance and energy anymore because now you can become rich. There is no easy way, and everything requires quite a long process, and it is not easy to get wealth instantly.

unfortunately sometime working hard just doesn't working out no pun intended but there are many that have tried working hard all their life escaping poverty but still ended up in one.
sometime its matter of luck too we can be hard working our ass off since we were young and still broke ass when we get old maybe get scammed along the way or just facing bankruptcy this just means that nothing is guaranteed even if we are working hard but at least we have already putting that effort.
however though if we get consistent salary then maybe saving is one way to go, but then again won't make us as rich as we pictured it out to be at best we will be well off when we are old but thats it.
nothing luxurious. since life is just so unclear and so unpredictable i don't think we can always plan and have it very smooth going.

At least you do try even if things doesnt turn out with your plan but at least you have done something which it could give out the chance to make yourself achieve a certain state that you havent been able to experience before. We do all really wishes up on becoming rich or having that financial freedom on which its normal that we would really be doing all sorts of things that could possibly give out that kind of opportunity.
Savings does have that different usage on which it isnt really just that limited for the sake of emergency purposes but also for investment purposes and having those back up funds whenever things turns out to be shit.
Somewhat not all would really be that good when it comes to planning and hard work on which majority would really be that failing up on doing so.

When we are still that young or having still that source of income on which we would really be that confident for sometime for us to have that kind of thinking that
our resources wont really be that be able to cut-off and when the time that thing happens then this is where we do make out those realizations.

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We are always taught "Time is money, wasting time is like wasting money". We always kept this concept in mind when we were still studying, the aim was not to become lazy young people who would end up tragically living their old age in poverty. Youth is the most productive time to invest for old age, money collected in different investment assets, such as gold, land, real estate or now the most commonly known young generation Bitcoin investment which is very profitable for the long term, really helps prevent poverty when you are old.

Poor young people can still work perfectly, their physical and energy are still strong, their time is still long and they don't have to bear much burden. Everyone who wants their old age to be free from all financial problems will try to use their time to accumulate wealth as long as they can while they are still young.

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Quote from: goldkingcoiner on February 02, 2024, 04:37:12 PM

Quote from: paxmao on January 26, 2024, 10:41:39 AM

~Snip~

You just listed the reasons why saving will not really work out, in the long term.

Something worth 100 today is worth 800 in 20 years. But you still have the same amount of money as you put into your account. That is not really productive. What would be productive is to put that money into something that you can hold and that something will grow in value, over time. I personally would recommend Bitcoin but there are other ways to invest. And there are so many things worth investing into because their value steady keeps rising.

This is caused by inflation. On the other hand, the increase in income is not as fast as inflation, the ability or purchasing power is decreasing due to income not being able to keep up with inflation. Saving at the bank will provide interest as compensation for the funds they have saved, but the interest rate on savings is lower than the rate of inflation. If inflation crawls to 10%, the lowest interest on savings is only 4%, by setting aside some money for savings, you actually lack the money to buy these goods, clearly this is very unproductive.
Having savings alone is not enough to maintain purchasing power, especially if the goal of saving is to increase assets or wealth. Yes, investing is a way to overcome inflation and maintain purchasing power.

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Quote from: TopT3ns on February 02, 2024, 06:59:15 PM

Quote from: oktana on February 02, 2024, 06:15:27 PM

I literally pointed that out. But I started with saying work hard because the money with which you will use to invest or start the proposed business will definitely not fall from the sky. So you need to earn that money by working hard first, and then push your own establishment. Saving money is meaningless to me because instead of saving it and it will be stagnant or reduce in value (since money is always printed), you should look for ways to multiply it.

As long as you are still very young, working hard is really necessary to enjoy old age because it is impossible when you are old but still have to work hard because, of course, you don't have much performance and energy anymore because now you can become rich. There is no easy way, and everything requires quite a long process, and it is not easy to get wealth instantly.

unfortunately sometime working hard just doesn't working out no pun intended but there are many that have tried working hard all their life escaping poverty but still ended up in one.
sometime its matter of luck too we can be hard working our ass off since we were young and still broke ass when we get old maybe get scammed along the way or just facing bankruptcy this just means that nothing is guaranteed even if we are working hard but at least we have already putting that effort.
however though if we get consistent salary then maybe saving is one way to go, but then again won't make us as rich as we pictured it out to be at best we will be well off when we are old but thats it.
nothing luxurious. since life is just so unclear and so unpredictable i don't think we can always plan and have it very smooth going.

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Quote from: oktana on February 02, 2024, 06:15:27 PM

I literally pointed that out. But I started with saying work hard because the money with which you will use to invest or start the proposed business will definitely not fall from the sky. So you need to earn that money by working hard first, and then push your own establishment. Saving money is meaningless to me because instead of saving it and it will be stagnant or reduce in value (since money is always printed), you should look for ways to multiply it.

As long as you are still very young, working hard is really necessary to enjoy old age because it is impossible when you are old but still have to work hard because, of course, you don't have much performance and energy anymore because now you can become rich. There is no easy way, and everything requires quite a long process, and it is not easy to get wealth instantly.

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Quote from: Dr.Osh on February 02, 2024, 12:10:38 AM

Quote from: oktana on February 01, 2024, 06:58:50 PM

I’d say that one should work hard while young because being old and broke comes from not working hard while young. Let’s remember that we can’t save our way to the top. Wealthy people didn’t save their way up there. You will have to do many jobs, invest in various opportunities, start your own business, etc. But whatever you do, start as early as possible so in maybe a decade you can reflect back already to see the distance you’ve covered.

I think working hard is not enough. We need to learn about new things in the world of investment and business, and try to build a business from now on. Apart from that, money management is also very important. Because I see quite a lot of hard workers who don't become rich until they get old or even, people who have a lot of salary but fall into bad management, so that it has a very negative impact on their finances in old age. So, I think there are many aspects that must be involved. It was indeed very troublesome, but it was a price that had to be paid to become rich when old.

I literally pointed that out. But I started with saying work hard because the money with which you will use to invest or start the proposed business will definitely not fall from the sky. So you need to earn that money by working hard first, and then push your own establishment. Saving money is meaningless to me because instead of saving it and it will be stagnant or reduce in value (since money is always printed), you should look for ways to multiply it.

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Quote from: paxmao on January 26, 2024, 10:41:39 AM

Look, you can be old and rich or young an poor, but being old and poor is bad shit.

A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

You just listed the reasons why saving will not really work out, in the long term.

Something worth 100 today is worth 800 in 20 years. But you still have the same amount of money as you put into your account. That is not really productive. What would be productive is to put that money into something that you can hold and that something will grow in value, over time. I personally would recommend Bitcoin but there are other ways to invest. And there are so many things worth investing into because their value steady keeps rising.

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Quote from: Antotena on February 02, 2024, 03:08:09 PM

Quote from: paxmao on January 26, 2024, 10:41:39 AM

Look, you can be old and rich or young an poor, but being old and poor is bad shit.

A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.

It baffles me when I see young guys blessed with so much wealth at such a younger age and they choose to live a lavish lifestyle, a life that is so expensive that they don't think about tomorrow. Most of these youngs pals doesn't know that there opportunities that you will have in life when you are younger will never come again or cross path again. Instead of when they make a life changing opportunity, they should invest the money or double the standard of where that money comes from, they will rather enjoy partying and clubbing.

Quote

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

I have made up my mind that my parent might have the opportunity to give me what I want and need in life but I will make sure I secure the life of my child and myself included, I will make sure that when I get old, I will make sure I am proud of how I spend my money and how I utilize them when I'm younger.

because there is no need to work hard to earn money, so it is not uncommon for many people to be born into rich families but by living in luxury their children make their parents' inheritance run out and even lead to poverty. So it is not surprising that most of them do not value money and their lives are full of prestige.

Rarely do we see children of rich people able to continue or expand their parents' wealth. So in my opinion, apart from that we have to invest in bitcoin and others to create financial freedom in old age. From now on we must teach our children about financial literacy so that they understand that controlling their finances is important for their future. If you teach them to invest early, that's much better, and it is important to invest as early as possible for the long term as op said.

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Quote from: paxmao on January 26, 2024, 10:41:39 AM

Look, you can be old and rich or young an poor, but being old and poor is bad shit.

A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.

It baffles me when I see young guys blessed with so much wealth at such a younger age and they choose to live a lavish lifestyle, a life that is so expensive that they don't think about tomorrow. Most of these youngs pals doesn't know that there opportunities that you will have in life when you are younger will never come again or cross path again. Instead of when they make a life changing opportunity, they should invest the money or double the standard of where that money comes from, they will rather enjoy partying and clubbing.

Quote

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

I have made up my mind that my parent might have the opportunity to give me what I want and need in life but I will make sure I secure the life of my child and myself included, I will make sure that when I get old, I will make sure I am proud of how I spend my money and how I utilize them when I'm younger.

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Quote from: oktana on February 01, 2024, 06:58:50 PM

I’d say that one should work hard while young because being old and broke comes from not working hard while young. Let’s remember that we can’t save our way to the top. Wealthy people didn’t save their way up there. You will have to do many jobs, invest in various opportunities, start your own business, etc. But whatever you do, start as early as possible so in maybe a decade you can reflect back already to see the distance you’ve covered.

Growing old in poor conditions is a very real and very bitter difficulty for anyone, so what you suggest is actually not wrong to do as early as possible with very careful and very good consideration. Because those who are old and in a rich condition are people who are enjoying the results of their hard work while they were young, so people like that no longer feel bitterness in their lives with a more decent life. I quite agree with the suggestions and points you emphasize because there is no way to save yourself except by continuing to do hard work such as investing and starting a business as early as possible in what we like.

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Quote from: Altryist on February 01, 2024, 02:54:27 PM

Before investing they need to learn how to earn money, I remember when I was young and lived with my parents, it was high school, I had already started working and could save almost everything I managed to earn, because I could afford to not spend almost nothing.
When I started living separately, everything changed and at first I could save very little, so young guys should use this time profitably, to the maximum. While there is no idea for a business, or there is not enough capital, you need to earn and save, opportunities will appear and it will be easier to take advantage of them when you have the money for it.

Saving will be much easier when we still live with our family because we don't need to think about food costs, but when we start living independently or starting a family because we are married, the responsibility will be much greater. Saving is not an easy thing to do, especially if you can't make money consistently every month from a regular job. While you are still young and your responsibilities are not too big, it is best to set standards in building a business or investment because it will be quite useful in the future.

If we hope to build a business, invest and save when we are married, it will be much more difficult because we already have big responsibilities for the family. I started building a business from college, even though I had ups and downs due to losses in previous businesses, but maturity has made me better prepared to develop a business.

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Quote from: DeathAngel on February 01, 2024, 07:01:36 AM

Saving & planning for your future when you are young is really important for building wealth later in life. By starting early you have the advantage of time & compounding interest. Saving allows you to accumulate funds over time giving you a financial cushion for emergencies & unexpected expenses. Planning for the future helps you set clear goals & create a roadmap to achieve them. It can help in developing disciplined financial habits & avoiding debt. Investing wisely in your younger years can generate substantial returns ensuring a comfortable & financially secure future.

That's right, the future does have to be well prepared when we are easy, because in my opinion there are some people who are old they tell stories to people who are young by giving directions not to be like him and maybe his little heart says "why didn't I save or invest, maybe now it won't be like this" said an old man and financial difficulties. Because I have also heard those exact words from parents in my neighborhood.

The thing that should be considered in my opinion is an emergency fund, because in general we as humans are likely to experience things that are not expected, such as medical expenses if an accident occurs, because no one knows about accidents when they will come. But I think many young people today don't see this, they are more concerned with the current lifestyle, not thinking about the future. If you really want to achieve financial freedom, in my opinion, you must save, because it is for a good future.

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Quote from: oktana on February 01, 2024, 06:58:50 PM

I’d say that one should work hard while young because being old and broke comes from not working hard while young. Let’s remember that we can’t save our way to the top. Wealthy people didn’t save their way up there. You will have to do many jobs, invest in various opportunities, start your own business, etc. But whatever you do, start as early as possible so in maybe a decade you can reflect back already to see the distance you’ve covered.

I think working hard is not enough. We need to learn about new things in the world of investment and business, and try to build a business from now on. Apart from that, money management is also very important. Because I see quite a lot of hard workers who don't become rich until they get old or even, people who have a lot of salary but fall into bad management, so that it has a very negative impact on their finances in old age. So, I think there are many aspects that must be involved. It was indeed very troublesome, but it was a price that had to be paid to become rich when old.

oktana

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I’d say that one should work hard while young because being old and broke comes from not working hard while young. Let’s remember that we can’t save our way to the top. Wealthy people didn’t save their way up there. You will have to do many jobs, invest in various opportunities, start your own business, etc. But whatever you do, start as early as possible so in maybe a decade you can reflect back already to see the distance you’ve covered.

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Quote from: IvugeoEvolutionCoin on February 01, 2024, 09:08:18 AM

I think investing is very good but to invest we need to find the right coins and keep investing. I think now is the right time to invest. If you can keep investing now it will be better than the money invested after few years. There will be possibility of profit of amount. Now those who want to invest will do smart thing to invest if they can. Because investing can be very profitable as a result of which everyone can be very profitable.

People who will continue to invest certainly already know what coins they will choose to make as future investments in the long term, and if what is targeted is a good profit in the current investment and can have good potential this year. Of course the choice is in Bitcoin and I think there is no need to look at anything else if the investment to be carried out is in the crypto space, but if the investment to be carried out is outside the crypto space, the choices may still be quite numerous and very varied in terms of category.

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Quote from: Altryist on February 01, 2024, 02:54:27 PM

Quote from: lizarder on February 01, 2024, 01:15:39 PM

For the younger generation, the availability of opportunities on the internet must be a basis for spurring self-motivation to make money and now there are many ways to make money on the internet if you can use them properly. Creating wealth from investment sources must be carried out correctly because otherwise you will lose a lot of money. Do it responsibly because at the right time we will get big profits, especially in bitcoin investment.

Before investing they need to learn how to earn money, I remember when I was young and lived with my parents, it was high school, I had already started working and could save almost everything I managed to earn, because I could afford to not spend almost nothing.
When I started living separately, everything changed and at first I could save very little, so young guys should use this time profitably, to the maximum. While there is no idea for a business, or there is not enough capital, you need to earn and save, opportunities will appear and it will be easier to take advantage of them when you have the money for it.

People wont really be able to realize things until they would really be able to experience on how to earn money and its not something simple. This is where they would really be making out those kind of acts on which
they would really be trying out to make things straight. Saving? It should really be that default while you are still young, on the time that you have saved enough then 80% of those savings will really be ideally be put up on an investment or business. Trying out to make that kind of advantage since you do have that capital. Risky? yes, its always been part on which come to mind that you cant really be able to make yourself that successful
if you wont really be taking up such risks.

This is why it would really be that best that you should really be having those future plans rather than on making yourself that stagnant. You cant really just that
make yourself being successful without doing something. Of course you would really be needing to make such action.

Topic: Save while young better than wait - page 11. (Read 3290 times)