Topic: Try to save money while you still can, will you ? - page 14. (Read 2662 times)

It's true that since childhood, maybe we've heard that save a little from school snacks though a little bit, then over time without realizing that money we can buy assets or invest in other things. But we read that in the current market economy, almost all lines are squeezed, novice entrepreneurs can no longer survive
so that many are closed, there are also large companies that cut employees on a large scale with no effect able to provide wages, so the solution that we can describe as a way to save is that we continue to follow digital projects even though it's economic is down but we can still save. current crypto solution provider

having more sources of income is indeed an important thing and must be done. because it can indeed help us to be easier to set aside money to save and invest. and extra income also allows us to refrain so much from shopping for pleasure. but getting extra income is not as easy as imagined. because we have to be ready to work harder and we also have to be ready to have our rest time reduced. but one thing we must not forget is that we must maintain our health. we have to work hard but we must not forget that the results of our hard work will not be enjoyed if we are in an unhealthy condition.

I have already experienced such scenario on which i got fired on my day job and leaving me on disaster because there are not other sources on which i could depend on.I have learned a lesson into those days
but luckily i did able to find up some job that in short time and then later on i did make out to decide on having that side hustle or income on which it could give out more chances of profiting plus having the opportunity
for you to save up more aside from your daily job income. Savings is important because we dont know on what comes next into our lives on which it would be normal that unexpected things to happen
and this is where these things would be relevant and could help.

I often advise those around me to "don't depend entirely on your day job." Get a side hustle because the job that is supporting you and your family may fire you at any time when you least expect it.

In the society we live in, nothing is guaranteed to be by our side forever. Try to engage in other side hustles so that, should this door close, you still have access to other opportunities in whatever situation you find yourself in tomorrow.

Unfortunately, inflation is hitting the whole world the hard way, and people who weren't prepared for such a financial situation are the people who suffer now. Most people are consuming their savings and some are forced to sell a property or a car.
My advice for anyone who has a bad situation is to lower their expenses to the lowest possible level and try to find another job in order to cover their needs and don't find themselves forced into selling something they own. In my opinion, the current situation won't last long, maybe till the end of this year, but one should be prepared for a longer period.


If you want to save money, the baddest way is to save it in the fiat form. You can buy Bitcoin or any other trustworthy crypto currency, or even gold, because the fiat currencies are going to collapse sooner or later.

Not easy doesn't mean it can't be taken, because when you can explain it so easily, it means you already know how and the path you are going to take is already there. It's just that you need to do that to reach a level that you don't think is easy, because there are many successful people who used to struggle from small to get to a big level. So everything can be done with hard work and patience without complaining when you see something that is not very easy to do.

The mistake for people who have one job is that they are so comfortable with their job that they forget to set up a business that can provide them with reassurance when they leave their main job. what you did was right. help your friends as best you can. however, you also need to save and think about a business to build. so that when that happens to you, you still have other sources of income. we never know what will happen to our work in the future. Besides, I've heard the saying, if we only have one source of income, then we only need one step to fall. So, try to think of business ideas that can provide you with sufficient additional income.

In each country, the economic crisis manifests itself in different ways....

In my country, the economy is currently undergoing a transformation and therefore new vacancies are appearing in the labor market. 

This is due to the partial mobilization (for the purposes of combat operations) of more than 300 thousand people of the most able-bodied age.  In addition, a large number of young people emigrated to other countries (Georgia, Armenia, Finland, Mongolia, Thailand, etc.).  As a result, there is a shortage of middle and top managers in the labor market.  At the same time, similar specialists with experience working in foreign companies cannot cope with this work, as they are used to focusing on job descriptions, and working in an economic crisis and difficult political realities requires completely different competencies. 

At the same time, young people are in no hurry to fill vacancies, as they fear a new wave of mobilization, in which employers will help military registration and enlistment offices to recruit their employees (mandatory) into the ranks of the armed forces.  Thus, a paradoxical situation is emerging - there are many jobs in the country, but men are in no hurry to fill the existing vacancies.  Risks and uncertainty are very high. 

In other countries, the situation is probably quite different....  Your friend needs to make decisions based on existing realities, in any even the most difficult situation you can find a way out.

Any people and business investors wish having a constant savings but there are many factors that deter them from achieving having savings as desired by them, there are sone unforeseen circumstances that are inevitable and one have no option than to embrace the responsibility and the fund that could have gone on savings will definitely go for such, this makes some of them wise enough to discover another idea on source of income whereby they don't rely on their single source, but they many one or two other financial sources to help achieve their targets on income and savings level.

Am more of a present focused dude which matters more to me than the past or future which is why I tend to save money less often which helped me enjoy a great lifestyle without overthinking to be honest.

Saving money in any form is always a good thing, but overdoing it due to fear is a bad thing.

As a salary earner or business owner, the first thing you consider before starting a job is how to save some money from your pay. This is significant since you never know what circumstance you will encounter, such as personal or family troubles. Let's look at various nations where the government frequently suffers from late salary payments, many people experience this. Not only does it assist when you lose your job, it also provides assistance when a salary is not received on time.

Savings will be used or you have to take it if it's urgent, no one can predict the future.
I think reserve funds and savings are the same, savings are the reserves of money that we have for emergencies, working to save is a must that must be done by everyone facing difficult times

I think if you are firm and confident with your ability, then you should know your value. I think being in a company for a decade created you enough credentials for your professional growth. However, if you just try to make it always bare minimum, I am not surprised that you would be offered with lower salary. Industries are becoming competitive and you should always go with the flow of making yourself be better than before. This instance really proves how important emergency fund is, that constitutes your five month salary, since it would help you survive the months without work while taking your time finding the best job and company.

No one said that saving is easy, but this is what you should strive for. I know that in many countries the minimum wage is a very low standard of living, in my country the minimum wage is also very low, I don’t know how you can live on it, I would call it existence.

Therefore, you need to get out of this, try to find a job with a better salary, such work is always there but it may require special skills. It may take some time, but you need to increase your income.

i will if i still can save money so i can save money, then invest to business or something to gain passive income, but to go to level that is not easy, first must have income then make it bigger and can save money then the last invest it to gain passive income.

The problem in finding a new job and if the salary is below than you past is that you will take time to adopt though it is still better than you dont have a job but still strive for more like find a job that is better or if not the same your previous salary so that you wont struggle and at the same time find another source of income and save because
For sure you learn your lesson from lossing your job so it is better to save for incase of emergency

If I were him, I would probably find another job, whatever the means, regardless of the income, so I can support myself and my family.
when you get a job, reduce your lifestyle to provide for your daily needs and your family.

Yeah by investing either in business or by investing with stocks or crypto you are aiming to grow your money aside from saving it for your good future, there are people who loves to save as they are looking at it as an emergency fund in any case that will happen they have something to use.


That's tough! But the chance of taking some saving if they can limit expenses or they can avoid using their spare money for some useless things but focus on maximizing your salaries to have spare for your savings.

We are having the same thought here. Like Majority of Comments under this thread are shouting saving and investment as if it is very easier to save. Taking into consideration that majority of human population receives average wage and salary which hardly cover their monthly expenses. So how do you expect such person to save or invest? Engaging in entrepreneurship is the way to go now.

To make the future of our lives better, of course we have to save and invest, most people feel that they only focus on saving so that when they are not working, their income drops and they are not ready to live a new life, by investing, we can make the future better.