Topic: Save while young better than wait - page 2. (Read 3315 times)

Those people who have realized to save money instead of wasting it on different kinds of activities are the kind of people who have faced or have overcome a lot of obstacles in life. While for some, there are people who are teaching them at an earlier age, or the young generation are seeing the adults around them doing it that's why they easily adopt this kind of behavior.

Not everyone has the same opportunities until they experience a scenario that can give a realization that saving is a must. However, there would be some difficulties in the long run if we only make ourselves into savings. It's better to include investing in our plans if the younger generation would plan to start saving money.

If we could have spent as much money as we did in our youth and saved it in various activities, then we might have been able to save a lot of money. when we are young, we don't know how to manage money, at that time we like to enjoy life anyway, so we don't care how much money is wasted. those who can realize these things at a young age and start saving their money from a young age can build their future very well. So I would advise young people to save as much money as they can and if they want they can save it in bitcoins too

Diversify as much as you could on which you do see something which is viable or really that looks good for long term on which we know that the one who do have that kind of plans and other decisions which
would really be having that kind of advantage when the time comes or on the moment which those investments would really be that making some profits. Save a little portion for emergencies then you should
really make some investment and business at the same time. Dealing up with things accordingly with proper planning and setting up goals on which you know that it could benefit you out on later years.

You would really be able to determine about into those people who are that making up such actions or plans comparing into those people who hadnt made out such step earlier.
They would really be only be able to realize things when its already too late or on the time that they would really be experiencing hardships on which we know that this is something
that normal part into our life.

I've been through the same situation before wherein the money I earned is only sufficient for essential needs and to pay off debt. I can relate to some thing is suddenly comes up when you attempted to save since I also experienced such. But it's all in the past, my financial status improved when I decided to not be contented on my main job. I look for other opportunities to maximize my earnings and it really did help. In your case, you're still young and still capable to work more than one thus if there's an opportunity just grab it. That can help to save for the future especially if you're going to invest your money.

No one disputes early savings as a boss move. Building a foundation and getting ahead while you're still hustling sets you up to win. Traditional savings aren't everything. Bitcoin must be discussed.Though unpredictable, it's a fundamental change in how we handle money and value

The normal economy? Unpredictable. Sometimes it helps, sometimes not. Bitcoin is your backup, outside the system. High inflation, weak banks, falling markets... Bitcoin can withstand hurricanes. Power is in your hands; no government or company controls it

Diversification is important, but savings are your basis. Consider Bitcoin. Saving and investing for the future. Liberation from outdated systems. This is about regular investment, not sudden wealth. Enter, let time and potential work. You play this long game to achieve financial tranquility. Do some research, and you'll see what I mean

Starting to save money at a young age is a smart idea because it provides the opportunity to build financial security for the future. When individuals begin saving early, they mitigate the stress of ensuring their comfort and well-being in old age. Young adulthood is a prime time to harness energy and hustle for income, laying the foundation for a stable financial future. Without prudent saving habits, there's a risk of facing financial hardships later in life when physical energy declines and the ability to work diminishes.

Consequently, the funds saved during youth serve as a crucial support system during retirement or times of decreased earning potential. Additionally, saving isn't solely about enjoying one's golden years; it also serves as a safety net for unexpected emergencies that may arise. Whether young or old, saving remains imperative to address any unforeseen financial challenges that may arise in the future. Therefore, cultivating a habit of saving from a young age ensures financial stability and peace of mind throughout one's lifetime.

Yes young age is the age of enthusiasm the age of unfulfilled pursuits the age of dreaming and moving forward on the path of fulfilling dreams. Need only guidance. They have to stir up the burning desire and desire within them. That's why they should be included in social and economic activities along with their education from an early age so that money management becomes very easy for them to master. So from a young age they will start saving small amounts through their activities and they will be able to use that savings to generate money. And once they become adept at investing their path to success will never look back.

As a young person, it is extremely difficult to save money because, as you mentioned rightly, you are not earning much to invest or save for another day. What you earn from your labor is not commensurate with your expenditures on basic needs. So you end up earning money, but it doesn't hold much value, and it's often used to pay debts. I have been in this situation for a long time since I started managing my finances.

There are different pressing issues around me that require immediate attention, and even when I attempt to save, something important comes up that requires the money. So, it's challenging and almost impossible to save as a young person due to these reasons.

This means that I think this is a choice, or what it means is that you just have to choose whether you want to enjoy a beautiful time when you are young or old, if for example you want to enjoy everything when you are young then yes you can follow the wrong advice as mentioned by the OP where you don't need to save and it is better to spend the money you have as you like on anything including for some things that are not very important or even useless or doing things that will not be beneficial in the long run, especially for your future.

But that's not the point because I think everyone wants a bright future which as suggested by the OP that saving or investing early is a smart way to create a beautiful future with an established financial situation, meaning that from now on we are advised to take advantage of the situation and circumstances in the sense that when you have a salary that is for example more than the expenses for living needs then obviously you can leave a little to invest in the long term with the aim of achieving an established future, but unfortunately I think it is a fact that most young people prefer to spend everything when they are young, and maybe they are still in an immature mindset.

  You will have money set aside as an emergency fund you can use in a crisis like we are going through now where millions have lost employment. Also, you will have money for retirement instead of people who only rely on social security as their entire retirement income. At a young age, that might not seem important, but as you age you will see the wisdom. People who save young, build up a financial discipline. It's a good discipline to learn to live below your means. When you start saving at a young age, you will reach your financial goals sooner. The more you save at a young age, the more compounding interest will multiply your funds.
  Life is not always sunny. Everyone will have his/her rainy day. With saving, rainy day is just an inconvenience. Without saving, it’s a major disaster that could lead to homelessness and death. If everyone has saving of at least 1 year of living expenses, the population of homeless would be much much lower. I am not physically strong. I know I wouldn’t last long on the streets. Financial security gives me peace of mind and it’s priceless. It's never too early or too late to start saving and investing, but starting early can have a significant impact on your long-term financial success. The key is to start small, be consistent, and seek professional advice if necessary.

The younger generations can really struggle to save money for a variety of reasons, firstly and probably most importantly is they don't earn very much to start. They will often begin in lower level retail or hospitality type jobs, because those companies want cheap workers that turnover. Secondly most people have a learning curve through life and when you're young you can be easily influenced by the media with endless marketing directed at you to buy the latest fad or even high end items. It takes a while to mature when it comes to finances. However lastly, saving a small amount is a good idea, but you should really take (reasoned) risks when you're young as you have more opportunity to make money back in future.

Whether you are big or small or old, your money has value, money has value from childhood, whether you save or invest depends on you.  But in all cases, the customs are the same in all countries, because if you don't have money, then you have no value. Whether you invest or make a profit will depend on your value.  But I think that in the future, all these people will become fakirs and become paupers and become poor.  If you are waiting for someone or you are investing in someone, you have to wait whether you save or invest.  But in that case, I feel that even though not everyone benefits everyone, if you wait for someone, there is no value if they don't pay for you.

Young people must have big dreams from an early age and they are willing to do something to produce work. It is indeed difficult if young people are directed to be diligent because their minds are not yet mature and perhaps they still depend on their parents even though that is very wrong. I quite believe that from a young age they don't know never give up. Getting an education, joining an organization and building a network is one way to success. If they continue to move forward then that big dream will be achieved. So, if young people have started the process, they will get on the right track, including later saving and investing.

Those of us who have spent decades in this world must know how challenging it is to make money. And as time progresses more hurdles are to be faced to earn money. We also know that those who depend on their parents may not really care about saving or are not motivated to do so on their own. So in this regard they need to be motivated to take steps from the family to encourage them or accelerate their thinking. And make them understand how much it will be able to provide huge benefits to them later.

Yes that's right, and indeed if we are still young we should do productive activities to increase income for the future in a state of financial freedom, this may be more beautiful than what has been hoped for many people, but in fact we notice that many young people are first, prioritizing pleasure and hedonistic lifestyles.

To be honest, easy time is a very short time and we can explore in terms of finance, as well as minimal risk, because it does not have many responsibilities, such as providing for a family or wife and others that make someone not have to fail in running a business, so in a time that is quite free and does not have such a burden is a very valuable time in plunging into the world of finance so that old age is much better than most people, and of course saving, investing and others that have a big risk in the world of finance to get more money is much better to plunge when young.

Everyone needs to adjust this for the sake of a better life in the future, because saving some of the money we have earned is part of the way to keep finances stable during difficult times. And using some of it for more productive work is part of another option that must also be done in order to be able to bring in a solid income for our own lives. So this must be applied by everyone more consistently for their own sake so that everyone cannot complain when faced with bad conditions that they don't want in their lives.

While you are still young and have a fresh mind and strong energy, the will to work must be built from an early age without having to make many excuses and wait for beautiful things which are certainly not certain. If network connections start to build and start a business to get optimal results, then you should also be able to manage your finances very well. Saving is a pretty good way, especially if you want to invest. If you do these two methods from a young age then your hopes for the future will also be better, even if you become rich you will always be a handsome man wherever you are. 

It all matters on how sensible you are when it comes to the things around thats happening on which you would really be that thinking up ahead on what are the things that could possibly happen in the future
on which this is something a very common or normal approach into someone who do have plans and really been that thinking about the future and making themselves prepared at least on the time
that they would really be deciding on settling in. Not all people would really be having this kind of impressions or plans in mind on which most young people wouldnt really be bothered about
these things considering that they are still that dependent into their parents but somehow there are really indeed inviduals that they do really have that kind of approach or thinking
on how they should really be making up those early steps so that they could be able to prepare on what lies ahead on the time that they would really be going solo or dependent on their own.
Its an advantage actually in compared to those who are late on doing such considerations.

It is very true and common that we should be very conscious from now and it is very important to save some portion while maintaining a balance of income but not endangering life. If a person saves most of his income his opportunity will be threatened. So he can use that money in many productive activities which will make him financially stronger in his youth and make his future life much easier. You are right that we can take advice from experienced people and also learn from books of good quality authors to lead our lives beautifully and properly.

It's possible that they still have thoughts that depend on their parents, so even though they have graduated from school they feel that there are still parents who can support their lives, that's true. but it would be nice if we could find a job after graduating from school and have an income, believe me, our parents would be proud if that happened. Most young people who have graduated from school are unemployed, either because it is difficult to find work or because they themselves are lazy, but of course there are also many young people who are trapped in comfort zones that don't produce income, such as gathering every night and staying up until morning just spending money. It's time to just play online games.

What you say is correct, of course disasters cannot be predicted when they will come, and problems can occur at any time. Therefore, if we are still young, we should do our best, whether it's working hard or being filial to our parents. They should be aware, because this is also for their own good in the future, there is no way they will continue to depend on their parents, because in the future they will also have their own responsibilities like their own family by getting married, and that is of course everyone's dream. While we are not married, we must be able to learn to be responsible so that we can apply the best in the future to our children. The best will happen if it is done as well as possible.