Topic: Save while young better than wait - page 4. (Read 3315 times)

I think crypto is probably the best way for young people to leapfrog over the often dire economic situation for them in many western countries. Older people are far less likely to take advantage of cryptocurrency than young people, so it is a unique opportunity.

Saving and investing are two things that people must do to strengthen the future economy. However, both of these things are difficult for everyone because they are very dependent on income. However, saving seems to be more suitable for all groups because they can set aside their income even with a very small amount, while investing can only be done by people who already have sufficient financial means. So I really like these two models to strengthen my economic foundation, and investment is the right step to take.

Yeah.

And this is what I am doing right now, sacrificing what I can so that I can have a better life soon. Because we don't know how long we're going to stay on this world.

As we leave our family here, we leave with a legacy that will be helpful to them and at least they're not going to have a bad life while leaving them.

Investing is much more better than saving, saving is also good but if you want a continue thing starting from how you want your financial situation to look like in the future. Having the mindset to invest is something that can save you over time, and saving can only be of help in a very short period of time. The future and the present  are not predictable, and that is what makes investment more important than saving, when you have any form of emergencies your investment will have backup so, as for me is a go go for investment than to save. And if the is need for health issues then your investment will have a separate emergency funds for the investment and the investor.

That's true, it's very important and better to save while still in a young age especially the way our society it's going now, if we say there is time to make money, let's still enjoy now, when the time comes, we will hustle. That's very a bad idea to think of, like this now, we have every reason to make money at young aga because the world has advanced so much that we have start taking care of ourselves in our 18 and above, we don't longer wait for our parents again, also save while being young saves us a lot from the future and we will be rich forever both for our children.

I agree that investment is indeed very necessary. It is possible that a situation or condition is very impossible to predict. Therefore, we must prepare ourselves from now on to be on guard in the future. That is because every human being will not be able to continue to live fresh like now where we can still work with a healthy body condition. Because for the future everyone must continue to age. If we start from now when we are young, healthy, also fresh energy.
For the future when our bodies cannot allow us to work like now. So, in the future when our age has continued our lives will not be too difficult to think about other living and economic needs. B
To minimize that, invest

And it's better to make sacrifices for a better life in the future than to just enjoy in the moment and when we're old there's nothing to take away.
Actually, we can still enjoy the results of our efforts, it's just that maybe the difference is the time, for example we usually pamper ourselves once a week, and when we invest we can still do it, it's just that the time becomes once a month. Pampering yourself after being tired of doing activities is something natural, we can go on vacation to a place we like or go anywhere to please ourselves. I also usually do that, because for me it's important to restore my spirit.

This happens to many young people today in my environment, where they are more concerned with a lifestyle that is only temporary while they don't think about the clear future that will happen to them, and they should have been able to prepare for it when they were still young. where they have to work hard to be able to get a large income because it is for their own good too, even though at the moment it is difficult to find work, there is no harm in them trying to get a job that is worthy of themselves. When they get a job they must be able to think about the future, not just fulfill temporary needs Saving for the future or investing must be done, because if you don't do it yourself who else will you?
Changing habits such as expenses that are not too important must be done, by having a clear income they must be able to manage their finances well, for example recording expenses, and prioritizing needs that they must fulfill and be responsible for such as paying electricity water or other bills, You must also be able to set aside some of the money you earn for savings. The main problem here, in my opinion,  is that only a few young people can manage their money well, even those who are married there are still those who cannot manage their finances well, so they often have problems with their finances and this must be fixed.

What you say is correct, changing habits really takes time and in my opinion you have to have strong consistency, because in my environment there is a young person who doesn't work and every day he just plays games, so often he says he wants to change his life to work and have an income. What's clear is that I'm tired of hearing it, therefore in my opinion if it's just words without a strong intention then it's the same as lying, if there are indeed words then there must be thoughts that encourage oneself to take action that leads to goodness such as changes in management. finances or having the will to make movements that can get out of their comfort zone, most young people today are stuck in their comfort zone even though it doesn't produce anything. because it's true what you said, the future is something we have to think about, therefore we have to be able to move, or invite people who have no movement at all to move forward. whatever way it has to be done, every once in a while I always encourage my friend with what he says which leads to progress, I support that, even though he often says it but doesn't take action and I sometimes get annoyed hearing that, but I still support what he is going to do. as long as it is something that leads to progress for himself. In my opinion, working hard at a young age is a must, because it will determine our future, including our own family.

Yeah, it takes time and that habit has to be developed by doing continuously and practicing of doing it time and time again.

That's true.

If you don't want to struggle when you get older, you have to make necessary adjustments and sacrifices that you can do right now before everything is too late to regret.

Changing habits that require us to leave something we're used to will definitely take time to get things back to normal. Suppose we used to live by fulfilling what we want at that moment, but when we want to invest then we have to leave that habit and focus more on our allocation for investment.
As I said before, it takes time, and it's not easy to immediately change the habits that we did before. But with our effort and intention, it will be fine.  The future is something we have to think about because it's not just for us but for our families too. Indeed, now we have to sacrifice first before we can enjoy the results of our hard work.

Yes it's because my people have their saying that it's best to pursue black goat at day time rather than night because is dangerous since night have same color mix with the goat, what that implied is that any failure from early time have it's effects on the later end. Success is best pursue when the energy is there at youthful age investment is very important because at old age one need relax to enjoy his labour, just as it's today those who invested in Bitcoin from the beginning can be referred as youthful age not with the level success are enjoying there effort then.

It should be balance and I agree and it's up to what kind of investor are you. There are investors that can sacrifice a lot and applies delayed gratitude just for them to keep invested.

It is how you handle those desires that you currently have and if you're living a frugal life. Don't forget to enjoy but never settle about your future and keep prepared.

So, that's how you should balance it. That's kind of tough but when you get used to it, you'll understand it later on.

In this life that we are, it's very important to plan our future, so as to be stable financially expecially during old age, because it's not funny at all to be poor during old age.

To me, saving when you are young is not the ideal thing to me, what I believe is best and more ideal is investing that money into anything that increase in value overtime, because the current economic situation in the country now is not favourable to people that are saving, because inflation is a real enemy to any money being saved up.
 
So I suggest that in other to secure our future, we should invest more of the money we planned on saving into anything that appreciate in value overtime, something like Bitcoin, Land and gold.

what you say here is true, time cannot be returned, neither can money, when we spend it on unimportant things it will be a waste, don't let us regret it later because the money we earn won't last long in our hands, saving is important but investing is much more important, this must be applied to many people, so that when old age comes, the money will still be there.
it's very painful when we are in an emergency situation but don't have the money to cover the emergency costs, the most important thing in this world is money management, many people fail to do this and end up poor in old age because they are very bad at money management.

You have a point with what you've just said about saving now for your later years so that you can live a more comfortable life when you get there. Many people do not save when they are young because they believe that no one is promised tomorrow and that if you are no longer alive, the wealth you have accumulated and saved will be used by someone who did not work for it, such as family members or anyone who comes into contact with that wealth. It is beneficial to consider the two while thinking positively about living a longer life and enjoying the wealth you have accumulated in your youth days.

Getting old doesn't mean to have no energy to collect money. There are many old people who have more energy to collect money. We must remember that collecting money won't be always with physical activities, but we can collect money with our intelligence. Be the owner of a shop is one of the ways to collect money. When you are an old person, you probably prefers to lower your physical activities. For the physical activities, we can hire young people.

However, to have a shop or run a certain business, it requires money. Saving is one of the source to get enough money for running a business. But smart people won't rely on the saving only, he must also try to have investments. Saving may be a source of reserved money, meanwhile investments for growing our money in the future. Reserved money will be important for urgent needs such as getting sick.

The reason money is important when one is old is because by that time you won't have the energy of chasing money and when one is old you can fall sick at anytime and in a situation like this money is needed to go for treatment.  Old age you need to eat good food to nourish yourself well to be strong. When one is young you decide to eat junks and still be okay but at age you can't eat food like this because it going to affect the health 

Initiative will be present when we have ideas because it is very impossible for people to have initiative in the midst of bad economic conditions because all they think about is how to find a bite to eat for their family. Financial freedom is difficult to obtain when people don't dare to leave their comfort zone and the small capital we have must be maximized on something that is much more productive. Saving can be done if people have a stable income and it is impossible for people whose lives are difficult to make a savings portion.

If you want to gain financial freedom, saving is not something you need to do regularly because the mindset of successful people will be very different from people who don't dare to take risks. Successful people save less than developing a business or investing because they think saving is not very productive, whereas running a business or investment can provide profits so that the money we have is more productive.

Usually, people who are starting to get older and whose physical abilities are starting to weaken or decrease with the amount of energy they have at work will look for other ways to continue earning in order to continue saving in amounts that are not much different from when they were still at a young age. For example, making several investments in the best assets that are quite real and also opening a shop that can provide benefits for him by not having to rely on more physical energy.

I think if that's what every older person asks, of course there is a difference. Especially if the question asked is about the income they earned in their youth and also currently. So you also have to see how many older people are starting to change their way of thinking and working in order to adapt it to today's times so that they can still make more money. Although not by relying on his physique, which is already quite weak compared to today's young people.

Because they've got more experience in life. I've done this before and it's a wise thing to do when you don't have a mentor. You'll get life lessons from them and they'd definitely going to guide you to have a better future as you grow older. Not only the parents but whomever you think is a successful person and are already old, they've got a lot to say and you'll figure it out if they want harm or not. But most of them just want to see someone younger become successful in life.