Save while young better than wait - page 12.

Altryist

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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.

lizarder

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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.

No one wants to grow old in poverty because it can make life worse, but to what extent people are able to prepare many things to get out of poverty. Spending money on something that is not needed and not knowing how to make money more productive are two things that are quite painful. Not having a job is the biggest problem because when someone cannot generate a steady income then they will find it difficult to meet their living needs, especially when it comes to saving.

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

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.

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.

Y3shot

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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.

I agree with you. Saving and planning for the future is very important. I have seen people that when they were young they good opportunity of having access to money but they didn't plan well and invest well and today it is a problem to them today. Whatever we are doing today let put tomorrow into consideration, because the opportunity we have today we may not get them tomorrow. Hardship during old age is very terrible and because age it something that is not good for one to experience.

MFahad

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Quote from: Patrol69 on February 01, 2024, 10:17:20 AM

Even if aging is a crime we have to accept it because it is a law of nature. Age will never stand still, it will only increase. There are several stages of age in our life. People are usually separated into different age categories by considering several stages of age. In old age a man's behavior becomes almost childlike and at that time a man cannot return to youth even if he wanted to. There are many who had a good life in their youth but are helpless in their old age, that is why they are helpless in their old age because they did not think about their future in their youth. Those who think that people's age is not always fixed or people's financial condition is not always the same, so every person should think about this at a young age so that the financial condition does not get worse in the future. If we have the ability in our youth then we should invest in our future plans as soon as possible without wasting time. Those who know about investment definitely try to invest but those who don't have any idea about it are always deprived of this opportunity.

It's not always that people don't know about investments, it's just that they are careless when they are young, and instead of preparing for their future and old age, they keep spending money here and there irresponsibly which is the reason why they suffer when they grow old as they can't work and earn money and they didn't have any assets built that could earn them money while they could rest after they are retired.

People who work hard in their youth tend to have a good life after they retire because they can easily create wealth or at least assets that will earn them money when they grow older so that they don't need to struggle for pennies when they are old and aren't capable enough to work.

Silver005

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This is a very good point of threads, I so much love the advice save while young better than wait, yes it is very clear and understandable that whatsoever you sole today you will reap tomorrow,we are in a computer 🖥️💻🖥️ age now where by the excuse of I am from poor background never been the reason you are still in poverty or in suffering, your young age is the best time for you to make your future bright no matter the background you are from,..

You have every opportunity now that you are young to choose what you want to become in future, wether you are going to be rich or poor,. how did you do it, it's because hustling,keep trying and make sure you save not to live extravagant life, remember there's tomorrow in everything you do, remember that the foundation you lay today will elevate you and your family tomorrow and your entire generation the good foundation you were able to achieve at your young age..

Old age alot of reason, because you are no longer strong enough to do some certain work,than the time you are young, responsibilities and already waiting for you if you failed your young age and may not have given you the chance to do some certain work...

Patrol69

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Even if aging is a crime we have to accept it because it is a law of nature. Age will never stand still, it will only increase. There are several stages of age in our life. People are usually separated into different age categories by considering several stages of age. In old age a man's behavior becomes almost childlike and at that time a man cannot return to youth even if he wanted to. There are many who had a good life in their youth but are helpless in their old age, that is why they are helpless in their old age because they did not think about their future in their youth. Those who think that people's age is not always fixed or people's financial condition is not always the same, so every person should think about this at a young age so that the financial condition does not get worse in the future. If we have the ability in our youth then we should invest in our future plans as soon as possible without wasting time. Those who know about investment definitely try to invest but those who don't have any idea about it are always deprived of this opportunity.

YOSHIE

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

Save while young better than wait

China has taught and educated their children to save from an early age, saving is one of the activities that the majority of Chinese people must do, it is rare to see China poor, they have the best economy at the moment in all fields, it can be an example for all of us of how China does it all for their economic growth.

Economics has meaning in people's lives in this world. Saving can certainly provide good value for their lives. Thinking about saving when you are young is something you should consider, Old age is not a good step to think about, if you want the economy to improve in the future, think about when you are still young.

slapper

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Quote from: milewilda on February 01, 2024, 07:08:15 AM

Quote from: kotajikikox on February 01, 2024, 05:58:00 AM

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.

But sometimes it is better to spend your money while young as we cannot promise tomorrow , you can keep your money safe while young but what about when you are ready to spend your hard earned money ? then this is the time that you need to seek hospital assistance as you are already sick inside and cannot spend your money for good time?
but this is isolated cases and I believe also to your advise that we need to invest while young like how Ants are working in summer before rainy days come.

Spending just like we do only live once? Well, there's really that having that point that we dont know on what would happen on tomorrow but doesnt mean that you would really spending like a mad man
or there's no further things in life or priorities.We do know that having money is really that important, you cant really just that make yourself that careless whenever when it comes to spending because
this is where people would be usually messing up their lives on the time that they would really be having no plans when it comes into their finances. Savings is relevant on which this isnt really just
that for the sake of emergency but also on giving out that kind of chance to make out some investment.

It is really just that it would really be that depending on how well you do manage out your finances. This is why it would be always be important that you should be
mindful when it comes to financial management.

Spending without thinking about tomorrow leads to financial catastrophe. Uncertainty is real, but fiscal irresponsibility is not. It's amazing how many conflate living for today with financial irresponsibility. A harsh truth: Financial security and money don't grow on trees or from thoughtless spending. Strict, disciplined management is key. Savings are more than a rainy-day fund - they're the seeds of prosperity. Investments? They are a planned move toward financial freedom, not a gamble. Money management is essential, not optional. Without it, you're just surviving, one step from disaster. Being careful with spending isn't about depriving yourself; it's about taking control of your finances

IvugeoEvolutionCoin

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Quote from: JayTrain on January 30, 2024, 03:22:08 PM

From personal experience, I've come to realize that starting to invest in oneself and one's financial future should happen sooner rather than later. The difference between those who make this decision today and those who procrastinate becomes significant over time. I recommend all young people seriously consider their finances, start investing, and build financial stability for a brighter future.

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.

Obim34

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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.

Confidently on what you said, saving while at a young age is going to save us the stress and work load during our old days, the better we save and strategies the less we see ourselves still doing hard jobs and guarantee how financially stable we would become, It shows how useful we indeed spent our young days not just toiling it away to stuffs of less importance. While saving we should also consider doing so using Bitcoin as a store of value.

milewilda

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Quote from: kotajikikox on February 01, 2024, 05:58:00 AM

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.

But sometimes it is better to spend your money while young as we cannot promise tomorrow , you can keep your money safe while young but what about when you are ready to spend your hard earned money ? then this is the time that you need to seek hospital assistance as you are already sick inside and cannot spend your money for good time?
but this is isolated cases and I believe also to your advise that we need to invest while young like how Ants are working in summer before rainy days come.

Spending just like we do only live once? Well, there's really that having that point that we dont know on what would happen on tomorrow but doesnt mean that you would really spending like a mad man
or there's no further things in life or priorities.We do know that having money is really that important, you cant really just that make yourself that careless whenever when it comes to spending because
this is where people would be usually messing up their lives on the time that they would really be having no plans when it comes into their finances. Savings is relevant on which this isnt really just
that for the sake of emergency but also on giving out that kind of chance to make out some investment.

It is really just that it would really be that depending on how well you do manage out your finances. This is why it would be always be important that you should be
mindful when it comes to financial management.

DeathAngel

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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.

kotajikikox

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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.

But sometimes it is better to spend your money while young as we cannot promise tomorrow , you can keep your money safe while young but what about when you are ready to spend your hard earned money ? then this is the time that you need to seek hospital assistance as you are already sick inside and cannot spend your money for good time?
but this is isolated cases and I believe also to your advise that we need to invest while young like how Ants are working in summer before rainy days come.

Fuso.hp

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Quote from: ndutndut on January 30, 2024, 04:57:13 PM

Quote from: JayTrain on January 30, 2024, 03:22:08 PM

From personal experience, I've come to realize that starting to invest in oneself and one's financial future should happen sooner rather than later. The difference between those who make this decision today and those who procrastinate becomes significant over time. I recommend all young people seriously consider their finances, start investing, and build financial stability for a brighter future.

Yes, exactly. Many people who procrastinate think more about momentary pleasure than finances in old age. That's why the younger generation needs to dream. Because when we think about dreams, they turn into plans. When we say a plan, it will change shape again into a commitment. When we carry out our commitment, it will change shape again and become a reality.

So while you're still young, don't waste your age having fun, make the best use of your money by investing for the future, such as Bitcoin, property and gold. This is a long-term investment, the younger generation must be aware of all this so that we can achieve financial freedom in old age. If you plan to be successful in Life, you have to think it, believe it, and make your beliefs work for you.

Most of us youngsters do not value our time and we waste it very easily without thinking about the next phase of life. This young age is one of the most important times to build your career. At this young age a person's career can go well and due to some wrong decisions that person's career can go bad. Since at this age there is enough strength in our mind and body strength as well as ability to work hard, so we should think deeply about this time without wasting this time and take the right decision. If there are enough opportunities to invest at this stage of career, we must think ahead so that we never miss that opportunity. If we can work hard when we are young then we can live a normal life in later age and then we will not have any regrets.

dezoel

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This is the type of thinking that would get you a longer period of time that you are rich, and not very few amount. Most people save until they are sixty years old and that may seem like a lot, because after sixty, you are not going to be able to physically enjoy life as much as you can than earlier, hell even in your 30's your body starts to crack, and have some issues, but when you are in 20's you are going to be a lot better.

So what you should do, start saving since high school, and save until you are 40, that would be about 25 years, and if you can save just 10% of your money every single month, then you are going to be able to retire, with right investments of course not just saving. That would mean, at 40 years old, you may retire, and if you live to 80, you will have 40 years to do whatever you want, instead of just 20 years.

BitcoinTurk

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Quote from: tbterryboy on January 30, 2024, 01:44:03 PM

With the inflation, the 100 dollar bill, does actually look like it was 10 dollars only 😃. The OP only think about the positive result or if we invest it the said amount. But, what if not? The increasing inflation will again eat most of its value. That should be the real meaning of playing safe OP. To not invest.

I agree about teaching the young ones to save and invest as early as possible. This is what many of us adults regretted. It's either our parents didn't teach us about it, or they do but we don't take it seriously. Now, we don't want the same mistake to happen to our kids or to the other young people. They will surely thank us for this one day, once they follow it strictly.

Certainly, considering the economic conditions we are in, it is much more logical to invest instead of saving because fiat currencies are losing value against inflation. Moreover, this is unfortunately the case with strong currencies and any state-owned currency will unfortunately not have its current value in the future. For this reason, I think it would be better to invest as well as save because an investment with good risk management gains significant value in the long term.

Teaching younger generations the importance of saving is of course very important but in today's conditions I think it would be more beneficial to teach younger generations how to invest correctly and evaluate these investments efficiently. Especially for children, teaching investing is as important as family and social education. For this reason, I think it is the responsibility of every family and teacher to teach their children how to invest in the right way.

obuoma

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Quote from: SmartCharpa on January 30, 2024, 07:42:26 AM

-snip-
There won't be anything we can do about it when we become old, we truly need to take our responsibility to make it right while we're still young.

Absolutely correct, life in the young is sweeter compared to old age because you have the energy to do what ever you desire to do. No wonder our one of our lecturer in school was advising us that what ever thing we need to we should start now we are still young he infancies basically on marriage using himself as an example that if you wait to have everything before you get married and refused to marry when you are still young that you will use your retirement benefit in training your children at old age when you are suppose to be relaxing and taking care of yourself.

As a newbie in the forum seeing this type of discussion is very interesting as this advised can also be applicable to investment. You must not wait till you have everything before you start investing you can plan yourself and invest at your level using DCA method like they say drop of water make an ocean. Investing in younger age is very sweet because you will have all the time and energy and also benefit maximally on your investment and enjoy stress free life at old age.

slapper

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Quote from: Samlucky O on January 30, 2024, 09:36:52 PM

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

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.

According to one article I read , it say the time is money and our lives is somehow merged with money indecence that the way we spend our money is the way we use our time. We hustle with time to make money and if that money is not spent meaningfully, it mean you have just waisted that time you worked for it. The more you waste money money you waste your time and effort and loosing your life gradually with your mistakes. One single mistake with the misuse of time can make you poor forever in your life.

So whenever you use your time very well you stand a chance to make your world a better place and you will be respected for that.
Successful people are respected always. The respect they get from people is do to how they where able to make use of there Time very well. The question is now what are you doing with your time? Because what you do with time determine who you are and what you can do. Because when you use your time well, you can promise and redeem your promise because you know what you are doing.

That rigid view you promote traps people in negativity. A trap, plain and simple. You just associate time with money, but there's more. Listen up: not every minute counts, and not every dime represents worth. My friend, your view is dangerously restricted. You say time is money, but let's not forget: it's also opportunity, growth, relationships. Ever considered that? It goes beyond hustling for money. What you hustle for important. Money spent on education, experiences, health? That's investment, not waste. You're living a worthwhile life, not wasting time. Respect isn't reserved for the wealthy. Yes, good time use earns it, but not always profitably. Means impactfully. I challenge you to look past dollar signs. How are you spending your time? Are you enriching your life, thoughts, and relationships? That's true success

radjie

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Quote from: Mauser on January 30, 2024, 09:26:09 AM

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 fully agree with you, the earlier we start saving the higher will be our portfolio in the end. Both saving and investing is linked to time, the longer the period of time the return is going to be. Another important concept is to reinvest any interest, dividends or other profits we make in the meantime. This will help a lot to let our initial principal grow much faster over time. It's always nice to spend money and treat ourselves, but we need to realize that many times it's just unnecessary consumption of things we don't really need. Thinking in term of opportunity costs, which would be saving or investing that money in crypto currencies, helped me a lot to cut back on my spending. So, better to be older and rich than young and having many things.

It's good if we can balance an ordinary or simple lifestyle, but when there is an urgent need to have spare money to spend. In other words, living life as usual, being able to enjoy it and not being too wasteful and even requiring you to always be able to set aside money for savings. Saving from an early age is recommended, but don't let us be burdened by holding ourselves back by limiting everything

Fakhrulenclix

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Quote from: ndutndut on January 30, 2024, 04:57:13 PM

Quote from: JayTrain on January 30, 2024, 03:22:08 PM

From personal experience, I've come to realize that starting to invest in oneself and one's financial future should happen sooner rather than later. The difference between those who make this decision today and those who procrastinate becomes significant over time. I recommend all young people seriously consider their finances, start investing, and build financial stability for a brighter future.

Yes, exactly. Many people who procrastinate think more about momentary pleasure than finances in old age. That's why the younger generation needs to dream. Because when we think about dreams, they turn into plans. When we say a plan, it will change shape again into a commitment. When we carry out our commitment, it will change shape again and become a reality.

So while you're still young, don't waste your age having fun, make the best use of your money by investing for the future, such as Bitcoin, property and gold. This is a long-term investment, the younger generation must be aware of all this so that we can achieve financial freedom in old age. If you plan to be successful in Life, you have to think it, believe it, and make your beliefs work for you.

Environmental factors are quite influential on the younger generation so that there is a desire for them to be able to balance the lifestyle of their circle so that they put aside or don't think too much about the future, which is quite unfortunate actually, but this is a real thing that is happening right now.

Those of us who are aware of this may be something to be grateful for because saving or investing for the future is very important.
When we are young we seek a lot of knowledge, money and everything that will be of great benefit in old age.

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