Topic: Try to save money while you still can, will you ? - page 15. (Read 2428 times)

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.

Saving is not as easy as we think. Most people save from  excess income after buying what they want. Imagine when your income is hardly enough for you, will such person be able to save?

It is true that if we have accustomed ourselves to always saving for the future, sometimes there will be conditions that make our savings funds withdrawn and drained.
Even though we are used to saving, if we can't control our lifestyle or can't sort out which is more important to buy or fulfill, then our money will always run out and even savings will have to be taken away.
Then regarding the problem that was conveyed by OP, in my opinion we really have to have a backup plan because if we are still workers or laborers in a company then we cannot continue to rely on that because one day the company may go bankrupt or we may even be laid off.
Maybe while there is still time we should think about a side business by selling or creating a small business which will be a temporary way of survival if something unexpected happens to our main job.

We all needs money to meet up with the daily demands but not everyone can maintain the habit to save from the little they have for the future, the mistake we made most times is that we have expect things to be running as usual for us since we had it all going well as at that time, but things are not permanent sometimes especially when dealing with money, situations changes but what we have save up will always serve our backup whenever we experience the unexpected.

indeed we have to plan for the future, so that we have clear goals and directions in life. including saving and investing for future gains. therefore there are times when we look for other sources of income while we are still able to guarantee in old age. at least we have to have passive income to anticipate when we are unable to work, there is still income every month and there are still other investments

As long as they get paid they will always choose what's best for them, but it terms of benefits and sustainability you can't actually get it in virtual jobs. Well there are some online jobs they offer beneficiary for their employees but we can't deny the fact that if the company shutdown those employees can't get anything from the company.

To engage in freelancing, you need to be a person of a certain temperament. If a person is a slave and has little initiative, then this kind of activity as a freelancer is unlikely to suit him. In that case, one option is to work with a good psychologist.

Freelancing is not like the way it used to be before and there had been a lot sof persons thar are into it now. Thee would be need to venture into other business opportunities that are right available in the internet.  It is good for us to make savings while we have money to save and not spending money extravagantly without purpose. I prefer doing it small small for it to increase with time than waiting for me to have enough money before saving them. The only way we can get to the next level is by us saving for the future.

If you can spare some for your saving and limit yourself from spending your money with useless vices, and it is also true that if you can find side job, then it will help a lot in saving good amount of money, there are different opinion regarding to this matter but for those who wanted to have a good financial stability, saving is the best thing to do.

It's your decision to save while you can still can and there's always a good benefit if you manage to maximize all your spare to save up.

My view after reading it In a situation like your friend's, it's important to find alternative sources of income, such as freelancing or part-time work. It may also be beneficial to create a budget and reduce unnecessary expenses to stretch their finances even further. Additionally, seeking help from family and friends, or government assistance programs may also be helpful.

What does it mean? it is important to be prepared for unexpected challenges and have a plan for managing financial difficulties. Saving is an important step toward financial stability and can provide a sense of security in times of uncertainty.

While you still have a job, it would be nice to set aside a little of your remaining salary for savings, at least you have a handle that can be used when needed instead of having to owe.

Yes, that's right, apart from the main job, most people nowadays choose to supplement their income from a side job, besides being able to add additional income, this can also help you when you suddenly lose your main job.
80% of people today choose online part-time jobs to supplement their income because they are easily accessible by staying at home and only needing a mobile device. It's better than having to go to the office.

The problem of inflation is not almost in every country, in fact, my country was near to declared as default but we are still making it up. i hope we will recover soon. I am almost 23 years old and from the day i get consciousness, my life was full of struggle, (like everyone's face) the point in my life taught me to not depend on a single job for my whole life, like your friend.

I suggest you to to start your own business (if you have that much money then start that business that requires more skill-less money i.e. web mastering). Because, companies at some point bankrupted which leaves you nowhere, well if you have the skill then you can work anywhere. i do not know where your friend was working and what type of kill he/he was acquiring, but all that matters is not having a job but having a skill and an optimistic mindset. The world is changing into digitalization, which opens new doors for jobs too like every day.

Overall, if I were you, I ask him/her to learn an online skill that could help him in earning despite of bad economic situation but let's say I forget to tell him/her so now I will help him financially as well as mentally because I am his best friend. (if you are).

Saving is one of a way to enjoy life happily but there is no doubt that the economic situation will stabilize as the world is making bold moves every day and your country too. (just international prediction). So, saving money will not help you while making more money by achieving more will help you in stabilizing mentally and financially.

The world has changed, gone are those days when we can totally rely on our 9 to 5 job. Its now need of time to have some side work that can increase your earnings and can help you survive in case you suddenly lose a job. Today finding online work is not difficult as everyone of us has Internet and mobile, yes it's challenging and difficult to start with. There are numerous example of people getting online work through continuous effort. It's better to increase our earnings rather then cursing the circumstances and the government.

if i still can do that i will save money, and after save money and i still have some, i will put that on investment so i will not lose money because of inflation.
saving money for survive, invest money for make more money.

that's right. it feels more gratifying when you experience an achievement through your own sweat and hardwork. on the other hand there're few friends who are willing to help you but not all the time, the reason why is because they also have their own lives to attend to. if you have that kind of friend who is willing to help you for the sake of helping then you are blessed.

in regards of skills, this very age no longer requires you to be a master of your own field, coz the more skills you have the chances of being financially free increases. that is why we could always read from those books or even success stories and podcast "to learn a new skill", and "get out of your comfort zone".

Well we can't even fully trust our friends. so that all we can trust is ourselves. and so it is in financial matters. we should always be independent people and not expect help from others. even we should be able to work harder than others. develop skills and increase income as much as possible so that we remain in a position that is superior to others. and actually we will feel more free if we achieve success with our own efforts without the help of others.

saving is a good way and indeed appropriate. but saving means you have to have a steady income, if you don't have any income how do you want to save.
the position your friend is in is definitely tough, but instead of helping him with money, it's better to find him a job, because if you just give him money it won't last long, but if you give him a job, it will definitely last longer.

Yes, we should have discussed this topic like what you are talking about and we should done it 10 years ago. Why only now? it is clear because right now we are going through difficult economic times. Whatever the cause, the inflation experienced by the country, the high cost of living, difficult jobs, the employment system with short-term contract durations, it makes us depressed in a few seconds, especially for those who are married.

I also regret when 5 years ago I only spent money on secondary needs. But from now on I promised myself to start saving. Getting a job, income, business or whatever it is that can earn some money in the present, is a fortune.

hoping for the help of friends to get out of the circle of economic difficulties, maybe the hope is slim, unless we have luck. the main thing I think is relying on ourselves to try to make money with the skills we have, so that later we will find our own way to get a source of fortune. I chose that because I am an individualist, so working with friends will actually bring problems in the future, even though we have implemented the rules that were agreed upon at the beginning

Agreed. Actually people will be bored eventually no matter what job you have. The negative emotions are inevitable for most of us and one important thing we should learn is to control our mindset and minimize the negativity. In my experience, when I was young, I could not tolerate or understand all the unfair and ugly things in workplace. Most often, if I held the grudge too long and could not let it go, I would quit my job to find some other one. As I grow up, I realized that any office/workplace is nothing but a game place of gaining or losing. We must learn how to gain benefits out of all sufferings. Any middle-aged man knows what I am talking about.