Naturally. I think the only thing young people fear when starting to think about investments and whatnot is that the traditional stock market can be pretty hard to get into. At least in the past, I guess? Recently mobile wallet apps have them included as their service where they act as a proxy or something (idk how it works tbf, but they have it). Back when I was interested in stocks there was jack about it and I was really confused how to get into it which is why I just went into crypto instead.
Entering into the workforce solidified this idea in me more since my salary is bloody peanuts compared to the expenses you need to pay. And this is without a family to support, imagine if I planned to build one this early on. Glad I found side gigs I could use to support saving up really.
Topic: Save while young better than wait - page 19. (Read 3149 times)
Be responsible with your finances while you are still capable and able to earn and save. That way, if you do the right thing early, you will see a bright future ahead. But if you procrastinate things and keep waiting for the perfect time, you will see yourself being left behind and regretting.
Although there is no competition in the real world, but it's always an edge if you're on the top of others. Not actually richer or wealthier than them, but being competitive on everything will head you to a productive and progressive life.
Although there is no competition in the real world, but it's always an edge if you're on the top of others. Not actually richer or wealthier than them, but being competitive on everything will head you to a productive and progressive life.
This remind me of a popular phrase that "enjoy your money when you are young". Yes to some extent it is good to enjoy life when your young but don't forget to save for your old age because when you are old you can't do job and anything to survive so at that time you can only eat from your youthful labour. So when you enjoying at your youth don't forget to save for the old age. If you are poor in your youthful age then it will also affects your old age because in your old age your can't do job again so you eat from others. And that is a shameful life.
Prepare your life when you are young. When you are old and still poor then you have lost your glory on earth. It is better your poor in the youthful age and be a rich man in the old age. One can become a rich man in the old age base your hard work in the youthful time. Therefore don't give up and continue working when you can do that in the youthful days.
thats essentially enjoying life while knowing our limits and capabilities, if our salary will only suffice for something then stop at that thing no need to go out taking some loan just for the sake of enjoying life, so many peopl are enjoying their life too excessively nowadays and become broke by the time they are at their 50s.Prepare your life when you are young. When you are old and still poor then you have lost your glory on earth. It is better your poor in the youthful age and be a rich man in the old age. One can become a rich man in the old age base your hard work in the youthful time. Therefore don't give up and continue working when you can do that in the youthful days.
if someone truly want to really enjoy their life then they neeed to put in more hardwork than usual, get that career up, get that income up, also try to find passive income through investing, then when then income has risen significantly, only then someone could enjoy their life, even then they also need to watch out not to overspending on some unnecessary thing.
thats because so many things created just to drain people out of money like branded stuff.
This remind me of a popular phrase that "enjoy your money when you are young". Yes to some extent it is good to enjoy life when your young but don't forget to save for your old age because when you are old you can't do job and anything to survive so at that time you can only eat from your youthful labour. So when you enjoying at your youth don't forget to save for the old age. If you are poor in your youthful age then it will also affects your old age because in your old age your can't do job again so you eat from others. And that is a shameful life.
Prepare your life when you are young. When you are old and still poor then you have lost your glory on earth. It is better your poor in the youthful age and be a rich man in the old age. One can become a rich man in the old age base your hard work in the youthful time. Therefore don't give up and continue working when you can do that in the youthful days.
This is somehow true, but for me, I have different beliefs in life. I want to enjoy my youth and do the things I want while saving up, but it is not literal that I will limit my expenses just to put them in the savings. No, that's why I'm doing investments and planning to have a business; that's the definition of "enjoy your money when you are young." Even though I will spend a lot of money just to enjoy my life while I'm still young, I'm making sure that I have retirement plans through investments and also business, because when the time comes that I can't work in the corporate world anymore, I want to have something that could make me money, and that's when investments and business come. Don't limit yourself just because you want to save up for your future or retirement; make it possible that you can enjoy life however you want while you are securing your future and retirement. That is the best retirement plan I could think of. You've enjoyed your youth at the same time you are secured in the future. Prepare your life when you are young. When you are old and still poor then you have lost your glory on earth. It is better your poor in the youthful age and be a rich man in the old age. One can become a rich man in the old age base your hard work in the youthful time. Therefore don't give up and continue working when you can do that in the youthful days.
Take it from someone who's a bit older than the average bitcointalk member (I have to assume), what OP says is absolutely true--and it's of utmost importance if you don't want to end up old and worried about money.
I swear I was interested in the stock market from an early age and wish I'd dived into it much earlier than I did. That's one of my regrets, and believe me I've got a long list of them dealing with financial stuff. As far as I'm concerned, young people should put aside whatever they can afford to, every week, month, whatever, and invest in stocks, crypto or something that's going to pay off in the future. Anything but a traditional savings account that pays next to nothing in interest. Take it from a poor old chymist that you don't want to be writing similar words on bitcointalk 20+ years from now.
I swear I was interested in the stock market from an early age and wish I'd dived into it much earlier than I did. That's one of my regrets, and believe me I've got a long list of them dealing with financial stuff. As far as I'm concerned, young people should put aside whatever they can afford to, every week, month, whatever, and invest in stocks, crypto or something that's going to pay off in the future. Anything but a traditional savings account that pays next to nothing in interest. Take it from a poor old chymist that you don't want to be writing similar words on bitcointalk 20+ years from now.
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.
It's always recommended to invest on any good investment method in early days or when you are wrong. It could be good for your future such as marriage and retirement savings, older generations tend to don't have investment back at the day hence they struggle with the economy, but with so many investment method currently I do think there is no reason to not invest especially when you are financially capable to do so. 
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.
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.
While saving is the first step you begin to take when your finances are stabilizing, it is really better to invest when you're young (after you've got a bit of a buffer stored in savings) because the bank interest rates will rarely beat the returns you get from the stock market. Now is maybe an exception, because we are in that rare scenario where you can get 5% solid from a almost zero risk bank savings account, or get less than 5% yield from big companies like Coca Cola. The difference with many bank accounts is, they will often only give you a guaranteed rate for a set amount of time like a year, whereas if you see a good buying opportunity in an investment you could get way better compounding returns in the long run.
People thinks wealth creation comes when we have an abundant work or a kind of steady cash flows from every angle without even think and knowing that one can create her wealth by paving a channel to their source of income by increasing investment, this could be crypto currency investment, landed proper and stock. To anything that that would serve as a wealth preservation even though it seems like you aren't doing the normal thing currently but to you is an investment while to others it's a thing of depriving themselves from living their luxury life.
Investment and a means of wealth preservation is something very important to any woman or man out there because many families has gone broke due to their inability to save to or invest in their future for a better tomorrow at times after having a self comfort they felt people that are coming in future are to set their nets according to their sizes.
Investment and a means of wealth preservation is something very important to any woman or man out there because many families has gone broke due to their inability to save to or invest in their future for a better tomorrow at times after having a self comfort they felt people that are coming in future are to set their nets according to their sizes.
Thats absolutely true! Aging without financial stability is less than ideal, to say the least. Even regular folks with decent incomes gotta think realistically about their expenses. You might not get to live large but some wise money decisions now can still set you up okay down the road.
Although I understand what you mean but your English is weak and seems a little bit hard to comprehend fast.
It's has been the topic of everyday that one should make sure in life that your rich, don't live for today and suffer in future while you plan for today also look into your future.
There is one thing I know too well, that it's not my fault I'm from a poor background but it will be my fault if I remain in that background. At the very young age of men it's meant to be spent wisely knowing too well that in less than no time nature will take it's part in your life and you will be left no chance of changing the past.
Make haste while the sun shine.
It's has been the topic of everyday that one should make sure in life that your rich, don't live for today and suffer in future while you plan for today also look into your future.
There is one thing I know too well, that it's not my fault I'm from a poor background but it will be my fault if I remain in that background. At the very young age of men it's meant to be spent wisely knowing too well that in less than no time nature will take it's part in your life and you will be left no chance of changing the past.
Make haste while the sun shine.
dude... a native should have no problem understanding my English, I am just writing slang-ish and ignoring a few grammar rules because I do not intend to write a book. Warrent Buffet says the best day to invest was yesterday and the second best today, so I guess better to be late than to not be at all. At least, you will have some short of pot rather than zero.
Well you're correct! My dad always told me, son be 1hr early than a minute late. Fun fact; in my home we got a big clock that is always an hour fast, so we are always an hour faster than the rest of the people in my neighborhood
if they wake 5am in the morning, we wake same 5am but an hour fast which is 4am so I learnt to do things as early as possible. And I sure im applying that in my investment life. There is one thing I know too well, that it's not my fault I'm from a poor background but it will be my fault if I remain in that background. At the very young age of men it's meant to be spent wisely knowing too well that in less than no time nature will take it's part in your life and you will be left no chance of changing the past.
Make haste while the sun shine.
Make haste while the sun shine.
Don't shut yourself in this box labelled "not my fault." Many people do that and they say that because they had a hard time, there's no point in trying since they're at a disadvantage. The fact that your parents divorced, or you were abused, or you were poor growing up doesn't make it impossible for you to make money. It's just that you're starting much lower than some other people, like Biden's son.
When I was younger I had very little money but I never gave up. There are people much wealthier than me and I'll never rich that level, but I came from a situation where I had to save up for a year to buy myself a new computer or a bicycle to a situation where I save up for a year to buy a car. If I knew what I know now at young age, I'd have much more money, but that's a process of growing up. Most of us are dumb before we hit 30.
Although I understand what you mean but your English is weak and seems a little bit hard to comprehend fast.
It's has been the topic of everyday that one should make sure in life that your rich, don't live for today and suffer in future while you plan for today also look into your future.
There is one thing I know too well, that it's not my fault I'm from a poor background but it will be my fault if I remain in that background. At the very young age of men it's meant to be spent wisely knowing too well that in less than no time nature will take it's part in your life and you will be left no chance of changing the past.
Make haste while the sun shine.
It's has been the topic of everyday that one should make sure in life that your rich, don't live for today and suffer in future while you plan for today also look into your future.
There is one thing I know too well, that it's not my fault I'm from a poor background but it will be my fault if I remain in that background. At the very young age of men it's meant to be spent wisely knowing too well that in less than no time nature will take it's part in your life and you will be left no chance of changing the past.
Make haste while the sun shine.
dude... a native should have no problem understanding my English, I am just writing slang-ish and ignoring a few grammar rules because I do not intend to write a book. Warrent Buffet says the best day to invest was yesterday and the second best today, so I guess better to be late than to not be at all. At least, you will have some short of pot rather than zero.
These are the kind of topics which should be discussed often because youngsters have to create wealth and need the understand the importance of time and the kind of wealth they can generate by taking right steps as it may look small now but if they choose right medium then it would make their life much easier. I have seen how people who have just saved the amount are struggling because it doesn't best inflation at the same time I have seen people who had invested into stocks, mutual funds are in much better situation. We need to carefully choose our investment and go ahead while we have time.
Creating financial freedom in the future is everyone's dream, of course, but it is also up to you to achieve it. Saving alone is not enough because the value can decrease along with inflation that occurs every year.
The best way for us to prepare our future funds well and make our savings more profitable is to invest, as you said, from 100 in 20 years, we can get profits many times over. Apart from that, in my opinion, to be able to have sufficient assets and savings, the key is management. I would rather save than buy something that is not a basic necessity. The savings calculation which always increases every month also makes me even more enthusiastic about saving and investing.
The best way for us to prepare our future funds well and make our savings more profitable is to invest, as you said, from 100 in 20 years, we can get profits many times over. Apart from that, in my opinion, to be able to have sufficient assets and savings, the key is management. I would rather save than buy something that is not a basic necessity. The savings calculation which always increases every month also makes me even more enthusiastic about saving and investing.
This remind me of a popular phrase that "enjoy your money when you are young". Yes to some extent it is good to enjoy life when your young but don't forget to save for your old age because when you are old you can't do job and anything to survive so at that time you can only eat from your youthful labour. So when you enjoying at your youth don't forget to save for the old age. If you are poor in your youthful age then it will also affects your old age because in your old age your can't do job again so you eat from others. And that is a shameful life.
Prepare your life when you are young. When you are old and still poor then you have lost your glory on earth. It is better your poor in the youthful age and be a rich man in the old age. One can become a rich man in the old age base your hard work in the youthful time. Therefore don't give up and continue working when you can do that in the youthful days.
Prepare your life when you are young. When you are old and still poor then you have lost your glory on earth. It is better your poor in the youthful age and be a rich man in the old age. One can become a rich man in the old age base your hard work in the youthful time. Therefore don't give up and continue working when you can do that in the youthful days.
There is one thing I know too well, that it's not my fault I'm from a poor background but it will be my fault if I remain in that background. At the very young age of men it's meant to be spent wisely knowing too well that in less than no time nature will take it's part in your life and you will be left no chance of changing the past.
Make haste while the sun shine.
Make haste while the sun shine.
Don't shut yourself in this box labelled "not my fault." Many people do that and they say that because they had a hard time, there's no point in trying since they're at a disadvantage. The fact that your parents divorced, or you were abused, or you were poor growing up doesn't make it impossible for you to make money. It's just that you're starting much lower than some other people, like Biden's son.
When I was younger I had very little money but I never gave up. There are people much wealthier than me and I'll never rich that level, but I came from a situation where I had to save up for a year to buy myself a new computer or a bicycle to a situation where I save up for a year to buy a car. If I knew what I know now at young age, I'd have much more money, but that's a process of growing up. Most of us are dumb before we hit 30.
Saving in young age is important for thinking about a good life in old age, but a person needs more things in young age than in old age which needs money, more money is needed in young age. As a result, people overspend when they are young, and struggle when they are old. So as per your advice it is important to control the expenses and also look at our savings so that we can live a secure life in the future. We can predict that the coming days will be more difficult. Because the way inflation is going up now, it makes me think more and more that the government is devaluing the value of our money so we really have to keep in mind when saving money that we will lose the value of our money several times before we reach old age.
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 like this piece of information and advise too. Is just as you are saying save a dollar today or your local currency today that is daily and in 20 years time you will be surprised how much you got. For example, a dollar every day in January is $31 and in a year you should be having about $365 which is a good range of money that would have been wasted in frivolous articles that are not needed.. Daily savings makes easy for accumulation of money and that will help to cut down on expenses. Old age is enjoyable if you have set good plans for it like we already see older rich people and older poor people.
Of course it would be a very bad thing if we chose to be old and poor, because if we are old and poor it will be very difficult because we have to keep working to be able to meet the needs we need.
Using the income we have on things we don't really need is certainly the wrong choice, because we can refrain from enjoying it and use that income to invest and we will be able to enjoy the results when we are old, if we have sufficient income and choose to I don't think there's anything wrong with living a good life without thinking about the future, but if we can invest early then we will be able to enjoy old age in a relaxed manner.
Investing earlier will certainly get different results from investing later with the same amount, so it would be very good if we have sufficient income so we can invest earlier and will certainly enjoy satisfactory results later.
Using the income we have on things we don't really need is certainly the wrong choice, because we can refrain from enjoying it and use that income to invest and we will be able to enjoy the results when we are old, if we have sufficient income and choose to I don't think there's anything wrong with living a good life without thinking about the future, but if we can invest early then we will be able to enjoy old age in a relaxed manner.
Investing earlier will certainly get different results from investing later with the same amount, so it would be very good if we have sufficient income so we can invest earlier and will certainly enjoy satisfactory results later.
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.
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.
This is a sound advice for anyone who cares about his future. This message is more useful to us who live in developing nations where the government does have not a support plan for the unemployed or the poor. We need to maximize our youthful age to save and invest in profitable areas that will serve as a backup in the future. There is no need to spend lavishly on material things that have no meaningful contribution to our well-being. Spending money on designer clothing, new versions of gadgets, luxury cars, etc without investing I not the best path to follow.
I would rather be rich in my youth, or rather in my best years, even at the cost of having much less or being poor in my old age. When you're young, you have far more needs and things you need to accomplish, and for that you need a lot of money - and when you get older, your needs decrease more and more and the only thing that matters is your health.
As a young chap, you could do some odd jobs to survive. But when one is old and poor it could lead to suffering because one might not have the strength to engage in some work that could support him. Old age also comes with medical bills that are very expensive to handle, especially in countries that have no welfare package for the elderly. Nevertheless, it is better to live a lifelong financially stable life.
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.
The description that fits your explanation is make haste while the sun shines . it is better to enjoy in old age than enjoy in youthful age and suffer at old age. Alot of youth fall victim of this. They lack the zeal to invest or create wealth that will grown in due time and becomes something they will rely for future porpos. But leave a luxurious lifestyle thinking is the new era of fun without knowing that youthful exuberance will definitely decline. while the real you surfaces when you begins to fade. There is need to invest when you had the opportunity. Because it might be too late to say had I know. Wishing to turn back the hands of time. Those that made same mistake has live Everly to regret it till the end of there life. It only came as a warning to there children not to make same mistake. If you don't see who gives you advise or opportunity to advise you, please take one from this forum and make your life better by securing your future with investment.
Jump to: