Topic: What is the right age for financial stability? - page 10. (Read 1577 times)

It is very usual to hear those words because what is in their mind is to just enjoy themselves as they believe about YOLO.
Well, they have the right to choose what kind of life they have to be in the future and we know that those people who started building their finances earlier make a good fortune. Successful people sacrifice their happiness more often just for the sake make of making more money rather than making themselves too comfortable but yes, they end up getting more and have a very comfortable life when they are old.

All of these are possible possibilities that may change depending on the person’s circumstances and capabilities, according to his abilities. Logically, a person from adolescence until early old age has a greater ability to perform physical and intellectual efforts more efficiently than he does in early childhood or old age. But we must not ignore that this may also be related to the person’s good choices in accordance with his condition and the surrounding circumstances.
Let us take the example of two people who live in a country with unstable security (at war) and a weakened economy. One of them was in good health and was affected by the reality of the war and continued to live on humanitarian aid without thinking that he could find a better solution. The second, with less health capabilities, worked smuggling supplies from a neighboring country and became a wealthy merchant or joined the army and secured better living conditions for himself. Of course, this example takes into account that the two live in the same country and are at risk of death every day. What distinguishes between the two cases is the person’s will to survive in better conditions, no matter how volatile the general situation is.

There's no particular or recommended age to become financially stable, but if you start your investments early, you'll reap the rewards early.

It's also worth noting that no one really goes straight to investing on stocks, real estate, or any sort of things like that at an early age, unless you're using your parents money or only extremely lucky to be at the right place and at the right time to have the money to buy in on these assets. What most people do is invest on their skills and eventually land a high paying job. During those times, you also work on your 'network' to increase your chances of getting jobs that pay higher. And while you do this, you are already trying to keep some of your salary for the rainy days, or possibly an investment. It's a gradual process, and it depends entirely on the circumstances on whether you'll break out of the salaryman stage early or late--or never at all.

You can accomplish all of this if you put a bit of effort and consistency. Invest in yourself, and trust the process. There's no limit to financial stability except yourself.

 Saying that we can't link financially stability to age because one can't really know when they can break out of poverty to become financially stable in the aspect of gaining freedom from financial crises, but indeed, financially stability is usually more enjoyable during youths age when one is still very young and strong to get what they want, but for a very old person to attain financial stability when they become very old, like 60-80 years old, what more of an adventure would they be at then? Despite the fact that everyone might not still be of the same caliber or come from the same society of gold, we can also try to plan ourselves and set some goals that we intend to achieve with time, the earlier the better and the younger, the better too.

Honestly, I'm actually quite bored of hearing the words 'I'm still young, why do I have to save, I have to enjoy life', to be honest, these words are trap sentences that always appear in the minds of young people, so I continue to emphasize that everyone should learn to invest from an early age, and don't refuse to feel the sensation. People who are used to managing their money well at a young age will definitely be successful people when they are old. Neglecting to manage finances is actually not an exact science, so it requires full patience to be able to master it and only time will tell.

Regarding what Sir Franky1 said here too, it's very correct. At a younger age, like 18-25, our responsibilities are very low because by then we are still under the care of parents; they provide shelter, clothing, and even feeding. If we are opportune to start working part time and making some money, the money could be going mostly for saving our investment.

Well, I hope this doesn't sound like a joke to you guys or some sort of cracked-up thread, but yeah, I mean to hear the opinion of others.

Some people, during their youthful years, live a very lavish lifestyle with the money that they are supposed to put to good use, knowing that one day they will grow old. Some people only think that it's when they are growing old, like at the age of 30 and above, that's when they must start to invest or save to invest.

Some people think that they can live a lavish lifestyle as long as they are still 20 years old, and maybe when they get to 25 years old, that's when they can start to invest for their future.

I quite think that there is a particular age at which one is supposed to have been living a comfortable lifestyle financially. That doesn't mean that someone who doesn't meet that age lives a lavish lifestyle. There's a parable that says, "All fingers are not equal." So, we understand that not everyone is able to meet up at the same time.

Although some people can experience financial breakthrough at different ages in life, some do so at 25, 30, 35, 40, and 50, respectively.

But in my opinion, I think that one is not still supposed to be in financial crisis at age 30–35. I mean, at age 30, one should be in a financial state where they can fend for themselves and their family if the person is married. The person is supposed to have had at least one or two financial sources that they can always see as reliable sources of income.

It's always wise and profitable to start saving and investing at a young age, like 18 years old.

True, there are many factors that effects one person's success either the environment or the people who surrounds him, there's no age
and there's no specific definition the only thing is how determine the person and how he will find the right path to achieve.

Having the right mindsets and continuing to find the best way to be financially stable rely on how you work with your fate, the journey will continue and
until you figure things out then you will attain the success that you are aiming to reached.

I think we are supposed to find a definition for the concept of “financial stability” and that it is not linked to any age stage. One of the most convincing definitions for me is that financial stability is when we achieve a balance between expenses and income without the risk of disruption in the medium or long term.

What is the right age for financial stability?

You can certainly say that easily - but realize that you haven't really thought about the future until you're over 20. Teenagers aged 15 to 18 don't really care about their future - they just need to focus on a good education instead of financial problems. Not many children have the mindset you say - most of them still expect pocket money from their parents until they grow up.

Of course – the sooner this mindset is implemented, the better. I started saving when I had an income - but I learned to save when I was under 18 years old. I started investing when I had an income - previously I only saved to meet my desired targets.

Honestly, I'm actually quite bored of hearing the words 'I'm still young, why do I have to save, I have to enjoy life', to be honest, these words are trap sentences that always appear in the minds of young people, so I continue to emphasize that everyone should learn to invest from an early age, and don't refuse to feel the sensation. People who are used to managing their money well at a young age will definitely be successful people when they are old. Neglecting to manage finances is actually not an exact science, so it requires full patience to be able to master it and only time will tell.

Many things that have become a person's way of thinking cannot be separated from the influence of their environment, and the biggest role is the family in forming thought patterns from an early age.
Regarding the knowledge that we gain when we grow up, it is a continuous process with what we have been instilled in since childhood.

In life we have to work hard but not everyone who works hard will reap the same results, and in my opinion there is no standard at what age we will get financial stability because everyone has a different life, be it lifestyle or dependents in life, so I think it is very unfair for us to compare or set age limits for achieving success or financial stability.

agreed,
while i do believe that young kids should learn discipline and financial control they shouldn’t be stressing themselves over money too much it’s still always their guardians’ responsibility to provide for them until they are of age
kids who grew up too fast often feel regret later on in life even if they’re financially stable already because they feel like they’ve sacrificed their youth and there’s no other way to bring time back

I believe this is coming from his parent who have simply failed the boy without them knowing, a 17 years old boy shouldn't be chasing money, instead they should be chasing skills and talent, in this age range money should be the last thing to start hunting for, this will possible make you a useless person, and you will join bad group to find short cut to making money, this is why many youths are into drug dealings, robberies and even scamming people.