I have two different things to say about this
1. Well, age is just a number, if your kid have a rare talent that can turn the tides around for him and your father would you stop him because he is too young? I know a kid in China who have this talent of coding and building apps and games at 12years old, now he is controlling a multimillion dollars startup company with other friends at the age range of 16 to 21 years old, I believe this works out because he has a family who supported him all along.
2. At the same time, nothing comes for free, in the world we are living today, under age children are moving too fast, and this isn't about talent or not, this is about kids that get caught up in a world where parents are now forcing them to go to school, get a job and start taking responsibility, a 17 years old boy in my street is chasing big goal, as if he has a family to take care of, when I asked him why he said he is not to young to be controlling millions.
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.
Topic: What is the right age for financial stability? - page 11. (Read 1577 times)
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.
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.
so you might be right about 30-35 but that is about in our years , because talking about the generation next to us? I think that would be 20-25 at least .
another thing that what Ive seen now? youngsters are learning not to marrying at their young ages,
I must learn this from my sons that in their teens are not interested in serious relationship instead they are focusing in how building their life in proper and more advantageous ways.
so maybe this is depending in the generations .
This is regardless of one's age. Someone who is used to living in a comfort zone and is trapped in it, then he will find it difficult to find or have financial stability. Because people like this have no more demands other than fulfilling their desires, where someone prefers to work as an employee in a company and leave in the morning and go home in the afternoon, after work prefer to hang out here and there with friends and on weekends go on vacation with friends. People like this are too used to being in a comfort zone without any motivation that they should move up or have an independent business to leave dependence on others, or other goals such as getting married and starting a new, better life.
And this is different from someone who wants to get out of the comfort zone and dare to take risks. People like this will continue to try their best and will continue to improve their knowledge and abilities in all matters including managing finances. They will try to build new businesses for economic independence and leave dependence on others. And the person who dares to take risks in his life, then he will continue to strive to have financial stability so that his business can continue to run and his goals can be achieved.
And this is different from someone who wants to get out of the comfort zone and dare to take risks. People like this will continue to try their best and will continue to improve their knowledge and abilities in all matters including managing finances. They will try to build new businesses for economic independence and leave dependence on others. And the person who dares to take risks in his life, then he will continue to strive to have financial stability so that his business can continue to run and his goals can be achieved.
Learning and applying some things at an early age always brings advantages. Some of us learn this from our families, some of us learn it through our own efforts. But the important thing is to be able to apply this knowledge we have learned. If we can apply it, then we will be a more financially conscious individual.
Sometimes life may not give us what we want. That's why we shouldn't say things like "you should have done or achieved these things by a certain age." Of course, everyone wants a good future and strives for it, but the results may not always be good and they may not achieve their goal.
Age is an important factor in financial stability, but age is not always a criterion. We can progress successfully in every field at any age.
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.Sometimes life may not give us what we want. That's why we shouldn't say things like "you should have done or achieved these things by a certain age." Of course, everyone wants a good future and strives for it, but the results may not always be good and they may not achieve their goal.
Age is an important factor in financial stability, but age is not always a criterion. We can progress successfully in every field at any 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.
In your narrative, you also talk about yourself and base on what others have said too. What can determine if one can be financially stable quickly is dependent on the background and economic system they come from (poor background can affect) and also some other facts, like the education the person acquire, the skills they learn, and most of all, how they manage their finances. Some people have the opportunity to be financially stable at a young age, like 30, but they mismanage their funds and spend recklessly too. It was there fault.
It's all about luck.When you have no experience and work for anything, you tend to get paid less than minimum. After 1-2 years you could get minimum wage since you understand about your job, but do you think after 2+ years experience you will able to achieve higher position? not really since you need to wait him to resign or leave. You can leave to other company, but there's no guarantee they will pick you from many many candidates who applying.
Not going outside, not going to bar, not eat expensive foods etc to avoid unnecessary spending you would think you make a good decision.
But you're forget there's always an "opportunity", you might get a new client that willing to pay higher for your work (if you're a freelancer) or offering better job from that high class circle.
~
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.
I started to learn cryptocurrency a few months after I graduated from college. I guess I'm lucky that I engaged myself into investing at a young age (early 20's). I mean compare to those older people who don't even know what investing is, or they don't even invest all throughout their lives.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.
Currently, I can say that I'm in a state now where money will not be a problem for us anymore like others out there. I just went on to a 2 week vacation in an urban area. I travelled too much at that time, and the more I travel, the more beggars I see in the streets, and I can't help but ask myself "What if they just learn how to use their money wisely? Will their lifestyle be the same as they are now?" Kind of sad to see them, but I'm just thinking that it's destined for them, and it's the result of their wrong decisions in life.
There's no right age for financial stability because we have different lifestyles. Some might get it at a younger age, some might get it an older age, but one thing's for sure though, if you want to change your life thru saving, and investing, you need to have these. Time, and consistency. The younger you invested, the more you can gain since time is on your side, but it will still be useless if you aren't investing consistently. As for me, with my current lifestyle, I guess I can say that at my early age of 26, I'm financially stable already.
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.
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.
Learning and applying some things at an early age always brings advantages. Some of us learn this from our families, some of us learn it through our own efforts. But the important thing is to be able to apply this knowledge we have learned. If we can apply it, then we will be a more financially conscious individual.
Sometimes life may not give us what we want. That's why we shouldn't say things like "you should have done or achieved these things by a certain age." Of course, everyone wants a good future and strives for it, but the results may not always be good and they may not achieve their goal.
Age is an important factor in financial stability, but age is not always a criterion. We can progress successfully in every field at any age.
meanwhile most of the time people at 18 when they are saving money its for buying goods not for planning financial stability in the future, they are just reaching adulthood and that exactly when they just beginning to think of how their life gonna be turning out therefore pursuing career, financial stability comes later.
Well yeah, it sounds strange when people here suggest that investment is the key to achieving financial stability, but it's not. And the serious question is, how likely are 18 year olds to aim for financial stability when they start investing while their expenses are the responsibility of their parents? I think they start investing because they have dreamed of expensive items since they were teenagers.Many of them since they were children: in the consumer society colours, shapes and flavours overwhelm children's senses and minds. They get their first toy cars and when they grow up they dream with ferraris and lambos.
Back on topic, the right age for financial stability would be as soon as possible but, unfortunately, most people at least in my country achieve it too late (50s), when they start thinking about a second house, after all their life suffering from uncertainty. And thar in the best cases, when they are not in debt forever.
meanwhile most of the time people at 18 when they are saving money its for buying goods not for planning financial stability in the future, they are just reaching adulthood and that exactly when they just beginning to think of how their life gonna be turning out therefore pursuing career, financial stability comes later.
Well yeah, it sounds strange when people here suggest that investment is the key to achieving financial stability, but it's not. And the serious question is, how likely are 18 year olds to aim for financial stability when they start investing while their expenses are the responsibility of their parents? I think they start investing because they have dreamed of expensive items since they were teenagers. 
I can testify to this ten years is not much time. Neither is 20 years.
Same as me, time flies so fast; it could look like there are a lot of years yet to come, but before one knows it, the person will just realize that the 10 years have already been reached or even exhausted.
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If you invest at 18 and hodl the investment 20 years you will usually do okay.
Yeah, that's true. One pastor was given a sermon one Sunday, and he was talking about "the benefits to sow early." Then he talks about a stock he invested on when he was yet 18 years old, and after 20 years, the profit he got from that investment was able to build him a house.
That's to say, investing on time and holding for a long time is very beneficial, and also, if someone invests very early, like at the age of 18 or more, at that time, the person is not yet open to a lot of responsibility because they might still have some guardian who is yet providing for their needs, and as such, they will only have little responsibility.
yeah i was such a mess at 18. no clue 🕵️♀️ about long term hodl.
I finally was able to make a good gain with doge 1000 became about 85000 with a long mine and hodl.
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.
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.
Interesting topic. Regarding these expectations, it is true that financial independence at the age of 30-35 years and prioritizing a reliable, permanent source of income must be well prepared so that there are no more hassles in old age. Now. To handle this, someone may need to have skills or education that are relevant to the job or business they are involved in and have wise parents who can also assist in this matter, such as controlling money management, budget planning and debt control.
I think 20 years of age is considered necessary and is mature enough for someone to think about and prepare for all that.
meanwhile most of the time people at 18 when they are saving money its for buying goods not for planning financial stability in the future, they are just reaching adulthood and that exactly when they just beginning to think of how their life gonna be turning out therefore pursuing career, financial stability comes later.
i think its common for people reaching financial stability in the age of 35 or more, those that reached financial stability younger definitely an outlier.
though its not something bad, as you said, being earlier having financial stability is definitely better and definitely the thing that we strive for.
Yes, the habit of 18 year old people is to save just to get the things they want and after they get them of course they very rarely save back the money they have, they prefer to use the money only for their pleasure.i think its common for people reaching financial stability in the age of 35 or more, those that reached financial stability younger definitely an outlier.
though its not something bad, as you said, being earlier having financial stability is definitely better and definitely the thing that we strive for.
Indeed, there is nothing wrong with having financial stability at the age of 35 years and we can certainly manage the income we have well, and if we achieve financial stability at the age of 25 it is not certain that we will be able to manage the income we have well, because there are some who I see that those who are still 25 years old when they have the income they have are spending it on needs they don't need even though they have achieved good financial stability and this is not a good thing for their finances.
What is the right age for financial stability?
Money is something that all ages need and the more money you have, the better life will be. Therefore, the sooner you stabilize your finances, the better, but everything depends on each person's mindset and thinking. Therefore, I think there will be no fixed age for us to start thinking about making money and shaping our future. Start building your career as early as possible, and when you succeed early, you will have more time for family and life rather than having fun until you reach a certain age to think about your career.
Some people think that they can live a lavish lifestyle as long as they are still 20 years old, and maybe when they
It's always wise and profitable to start saving and investing at a young age, like 18 years old.
It's always wise and profitable to start saving and investing at a young age, like 18 years old.
18 years of age is the age I think where the individual is classified as an adult in most countries. It’s best to start savings and planning for your future long before 18. A solid foundation would hold steady a big strong house. An early start would make an easy finish so it’s best to start planning as early as possible.
Obviously, not everyone was born with a silver spoon and has the same financial background so in my opinion, there is no “right” age. Just start as soon as possible.
We also shouldn’t let the pressure for savings and all stop us from living our lives in the moment. We’ve got a life that can be cut short any time.
All work and no play makes jack a dull boy.
Now, I get it; everyone starts from a different point. That's not an excuse, though. Start where you are, I tell you. The market today only cares about what you do with the money you have, not where you come from. I agree that we need to save money and make plans, but I also know that life can change quickly. I've seen the best laid plans go wrong. Yes, live a little, but always keep an eye on the future. It's all about balance. Play hard and work hard, but save more. This is how you make a world that is both safe and fun
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You don't have to try guessing what is the right age for financial stability, because everyone can never be the same, and those who are born in a very bad economy world will likely start finding ways out of their bad situations.
I agree with this logic, and that was also why I quoted the parable that all fingers are not equal; different people can have their financial brakes through at an early age, and some at a very late age, just like what Lida93 said concerning Justin Bieber, who was already financially stable when he was still young but was just waiting to become of age (18–19) when he can be considered an adult that can take some personal decisions.
so in the 18-25 category it actually turns out to be more like
0% housing
10% bills
90% food/disposable income
0% housing
10% bills
90% food/disposable income
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.
In your narrative, you also talk about yourself and base on what others have said too. What can determine if one can be financially stable quickly is dependent on the background and economic system they come from (poor background can affect) and also some other facts, like the education the person acquire, the skills they learn, and most of all, how they manage their finances. Some people have the opportunity to be financially stable at a young age, like 30, but they mismanage their funds and spend recklessly too. It was there fault.
There's no specific age for this since we're all different. An independent person who don't have responsibility to his/her family (not a breadwinner) can reach this status early because no one rely on him to slow his progress on whatever goal he wants to achieve. On the other side it's a bit different for people who chose to help their family members financially before focusing on themselves.
But of course as early as possible, that would be much better. It's just depends on what we do in life (sources to earn) and priorities. Therefore we don't have to compare ourselves to other people (if they're already successful) as long as we're striving and doing what we can to be financially stable. Remember the saying, age is just a number.
But of course as early as possible, that would be much better. It's just depends on what we do in life (sources to earn) and priorities. Therefore we don't have to compare ourselves to other people (if they're already successful) as long as we're striving and doing what we can to be financially stable. Remember the saying, age is just a number.
It's always wise and profitable to start saving and investing at a young age, like 18 years old.
When it comes to savings and investing activities, it was stated that the earlier we start doing these activities the better. Like for example saving money, we can always save money in our younger years. If we learn about savings and start it when we are around 5 years old or younger, we can have an advantage by years ahead over people who are saving at 18.
About the right age for financial stability, I believe the earlier is the better but we all know that there is no right age for this. Anyone who says one should be financially stable at the age of 30 is just a personal point of view. Anyone who is financially stable at a younger age is way much better, IMO.
i think its common for people reaching financial stability in the age of 35 or more, those that reached financial stability younger definitely an outlier.
though its not something bad, as you said, being earlier having financial stability is definitely better and definitely the thing that we strive for.
It's always wise and profitable to start saving and investing at a young age, like 18 years old.
When it comes to savings and investing activities, it was stated that the earlier we start doing these activities the better. Like for example saving money, we can always save money in our younger years. If we learn about savings and start it when we are around 5 years old or younger, we can have an advantage by years ahead over people who are saving at 18.
About the right age for financial stability, I believe the earlier is the better but we all know that there is no right age for this. Anyone who says one should be financially stable at the age of 30 is just a personal point of view. Anyone who is financially stable at a younger age is way much better, IMO.
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18 years of age is the age I think where the individual is classified as an adult in most countries. It’s best to start savings and planning for your future long before 18.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.
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