Topic: What is the right age for financial stability? - page 14. (Read 1573 times)
Financial stability depends on two main components: your income and your expenses. You can have a good income from the moment you start working, what happens is that it tends to become more secure and increase as the years go by, and the expenses also if you are young you tend to want to spend more, especially on experiences. I would say that there is no "right" age for it, as the OP ask, but it is more likely to happen from 30 onwards.
starting from working age(18)
most people 18-25 are single/unmarried/living with parents
so in the 18-25 category it actually turns out to be more like
0% housing
10% bills
90% food/disposable income
Isn't in US 18 years old people should leave their parent house because they're already mature? if they need to leave their parent house, they will pay housing around 30-50% which is high. I'm not from or live in US, but in my area is also like that, they move to other city that far from their home or other country that force them to rent an apartment.most people 18-25 are single/unmarried/living with parents
so in the 18-25 category it actually turns out to be more like
0% housing
10% bills
90% food/disposable income
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so they spend on experiences and lifestyle "of-the-now"
Aka Revenge buying and this is nothing new for the new generations. 
Currently, in my opinion, young age is no longer relevant and today's society must be able to stabilize its finances. And the younger the better because the younger generation still has enthusiasm and supporting energy which must be utilized as well as possible in terms of work and also side jobs to stabilize their finances. And for the good of a comfortable future life, especially in financial matters.
Simply put, from childhood we are taught to save so that we can prosper financially and even become rich.
And by saving and also having a stake that is bigger than the pole, it means that expenses are not greater than income. And we have to buy things or desires according to our needs and this is true, and with these habits at a young age we can invest, and also
can manage money very wisely.
Simply put, from childhood we are taught to save so that we can prosper financially and even become rich.
And by saving and also having a stake that is bigger than the pole, it means that expenses are not greater than income. And we have to buy things or desires according to our needs and this is true, and with these habits at a young age we can invest, and also
can manage money very wisely.
I think it doesn't depend on age, but of course prejudices in society make us responsible for our own lives. My friends are many different ages, including those who have just become adults, but they can already earn their own money. It must be said that they have a lot of money, but that is how I use the perspective measure material aspects to compare with them. But it is clear that in each position of different opportunities, we will have a responsibility to serve the lives of our friends as well as the community, some lifestyles that I consider wasteful when they no longer have to think much about their lives. Financial matters when subsidized by their government, and being given a monthly amount of money helps them travel to many places at low cost, and can also be seen as a choice for life experiences in each person's life. But for me there is no specific age, because always trying in life to be motivated to overcome many challenges is not about making a large amount of money and enjoying it.
Don't make your self on under pressure have to be financial stability under 30 years old, lets enjoying moment and during you still work every day and keep active participating in investment or airdrop project I sure one day later you will have financial stability. I am still remember with my self almost pass college but still not have financial stability, after knowing with passive income trough online my financial condition have been better. I don't think good ideas have under pressure such as before raising 30 years old have get financial stability, some people can raise with their financial stability after having children and their age above 40 to 50 years old.
Its not important about how years old we have financial stability depend keep on hard work and always try new opportunity for investing in any kinds investment can give profitable in the future.
Its not important about how years old we have financial stability depend keep on hard work and always try new opportunity for investing in any kinds investment can give profitable in the future.
Of course, investing at an early age is a very good thing and has great benefits in the long term, as if a young man invests an amount of money at the age of 18, he will have good capital to start his working life in a comfortable way.
But this is only theoretical. First, young people at the age of 18 do not have their own income. Rather, they mostly depend on their parents, so if their parents are not wealthy, they will not get a lot of money to invest. The other important thing is that young people at the age of 18 do not have sufficient awareness and experience to start investing. They are also not qualified to take responsibility.
It is very rare to find young people at this early age whose minds are mature enough to think like this big.
But this is only theoretical. First, young people at the age of 18 do not have their own income. Rather, they mostly depend on their parents, so if their parents are not wealthy, they will not get a lot of money to invest. The other important thing is that young people at the age of 18 do not have sufficient awareness and experience to start investing. They are also not qualified to take responsibility.
It is very rare to find young people at this early age whose minds are mature enough to think like this big.
starting from working age(18)
most people 18-25 are single/unmarried/living with parents
so their bills are low, disposable income is high, they have no dependants(wife/kids) so have no responsibility.. thus if they die tomorrow they dont have to care about paying for wife/kids to continue on without them.. so they spend on experiences and lifestyle "of-the-now"
25-30 is usually the period of getting married/having first child. which is where any disposable income is spent on making a secure home and looking after family (mortgage deposit, weddings, diapers and kids clothes are not cheap)
its usually 30+ when they start thinking of consequences impacting the future, impacting their new family. so they invest into kids future college and start doing life insurance and pension investments, paying down their mortgage
50+ is usually time mortgages are finalising and things get less chaotic. the kids have left the house there is no mortgage left to pay so the disposable income rises, and its this point when people are financially stable
...
most economists think living costs should be
30% housing
40% bills
30% food/disposable income
so in the 18-25 category it actually turns out to be more like
0% housing
10% bills
90% food/disposable income
most people 18-25 are single/unmarried/living with parents
so their bills are low, disposable income is high, they have no dependants(wife/kids) so have no responsibility.. thus if they die tomorrow they dont have to care about paying for wife/kids to continue on without them.. so they spend on experiences and lifestyle "of-the-now"
25-30 is usually the period of getting married/having first child. which is where any disposable income is spent on making a secure home and looking after family (mortgage deposit, weddings, diapers and kids clothes are not cheap)
its usually 30+ when they start thinking of consequences impacting the future, impacting their new family. so they invest into kids future college and start doing life insurance and pension investments, paying down their mortgage
50+ is usually time mortgages are finalising and things get less chaotic. the kids have left the house there is no mortgage left to pay so the disposable income rises, and its this point when people are financially stable
...
most economists think living costs should be
30% housing
40% bills
30% food/disposable income
so in the 18-25 category it actually turns out to be more like
0% housing
10% bills
90% food/disposable income
If you invest at 18 and hodl the investment 20 years you will usually do okay.
Like most young people, at 18, they are full of energy, have plenty of time, but no money. investing can feel like an impossible feat for many young folks. Financial literacy isn't common, making it a rare occurrence. Only young people with the guidance of wealthy parents who understand this can make it happen... privilege as part of a wealthy family can be a significant accelerator for them.It's quite common for people with limited financial means to take a bit longer to achieve financial freedom. It makes sense for them to aim for that when they reach their 40s or older, where they should ideally have a more substantial source of income. The process takes a little longer because there are bound to be many human error along the way, which necessitate more time. They need to bounce back when they fall, a struggle that those born into wealth don't typically have to experience.
By the way, at your current age, have you achieved the financial freedom/financial stability you aimed for to retire from exhausting physical work?
To achieve financial stability is easy, you just need to work to get paid at minimum wage and spend your money carefully to survive. Actually most people are financial stable, but they choose to overspend their money for entertain, someone can bought Nissan Versa which only cost for $17K, but they choose to buy Lambo when both of them has a same function.
It's cheap to live comfortable, but it's become expensive when you're want to impress people.
It's cheap to live comfortable, but it's become expensive when you're want to impress people.
At 18 waiting til 30 seems way too long. Never mind waiting til 50 or 60.
Quarter life crisis, it's where most people think about the purpose or goal they want to achieve in their life.
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.
There are lot of factors which defines this answer it's not only about becoming financially stable or independent but rather about equality because not everyone have same sort of opportunities to fulfill their financial needs and save because there are people who are born with silver spoon and gets graduated from top tier colleges and gets placed at high paying job which am average person cannot even reach after multiple years of work experiences, some of us earn just sufficient enough to feed their daily for the day and here there is no luxury of trying to invest when survival becomes difficult, then there are people who breaks the chain of poverty by not giving up. I feel it's more about opportunities and people should be educated at their college level itself about savings and investments so that they don't work till the age of 60s, rather people should be made aware how to divide their expenses and try to invest even if it's as little as $10 per month.
I don't think there is any definite age but I think one should attain this by early 30s.
I don't think there is any definite age but I think one should attain this by early 30s.
The main challenge for those aged 20 years is the difficulty of managing financial planning and setting aside income for savings or investments. 20 years of age is the transition age from adolescence to adulthood, usually at this age they are still very unstable, they often spend more on new experiences than saving or investing for long-term needs.
They feel they have full authority over themselves, have a job that can support themselves, have no dependents (not yet married) or pay installments. The low level of responsibility in life makes them spend money more often to enjoy the results of their work efforts and buy new experiences. Each age level has different financial needs and demands, but initial planning for choosing the type of investment must be done carefully according to age and needs.
They feel they have full authority over themselves, have a job that can support themselves, have no dependents (not yet married) or pay installments. The low level of responsibility in life makes them spend money more often to enjoy the results of their work efforts and buy new experiences. Each age level has different financial needs and demands, but initial planning for choosing the type of investment must be done carefully according to age and needs.
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.
Different people have different knowledge, skills, occupation to work for money. Some can work better, get higher salary than others and if they have good personal financial management skills, they can have better life than others. Not all people who work and get high salary can have better life than people who have lower salary. They only have it if they can use and manage their personal finance well enough.It's always wise and profitable to start saving and investing at a young age, like 18 years old.
It needs education on personal finance and it needs experience and usually we see people start to get better finance when they are entering their 30s or 35s. Because they already experienced in life, in finance, learn from their lessons and make less personal financial mistakes like when they are younger.
Usually when people are teenagers, they don't have ability to earn money so very few of them can make saving for investment.
Financial stability is for everyone regardless of age. It's just that people have different needs and wants, and age is sometimes a factor. Another factor is your resources. You don't have to prioritize savings or investment especially if what you have is limited. Although there are parents who teach their young children to save, a child doesn't actually think about that. A child only wants toys.
All I'm saying is that we're sometimes too futuristic that we forget about the present. If you're young, it isn't bad to go out and spend your money and travel and enjoy life.
All I'm saying is that we're sometimes too futuristic that we forget about the present. If you're young, it isn't bad to go out and spend your money and travel and enjoy life.
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.
Quote
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.
There is no right age for this, the age is different for everyone. If we put an age to it as the right age, it will make people who have passed that age and not yet achieved financial stability to think that they have missed their time and will never be able to become financially Stable which is false.
Financial stability can be achieved at any age, but it is better that is achieved early in life.
Financial stability can be achieved at any age, but it is better that is achieved early in life.
The sooner the better. But the issue is time is weird.
At 18 waiting til 30 seems way too long. Never mind waiting til 50 or 60.
I am 66 If I make it to Jan 2024 I will be 67.
I can testify to this ten years is not much time. Neither is 20 years.
If you invest at 18 and hodl the investment 20 years you will usually do okay.
Our backgrounds has so much to do with the right age of being financially stable. We all come from a different families and that says a lot about us.At 18 waiting til 30 seems way too long. Never mind waiting til 50 or 60.
I am 66 If I make it to Jan 2024 I will be 67.
I can testify to this ten years is not much time. Neither is 20 years.
If you invest at 18 and hodl the investment 20 years you will usually do okay.
We don't expect someone from a poor background to start investing at age 15 - 20 when they can barely feed well at home or afford going to college . You must have extra to start thinking of Investment. Which is why it's weird if we're to make a timing that's suitable to invest in ones life to achieve financial stability.
Justin Bieber was financially stable before he got to age 19 in fact he was just waiting to get to the age constitutionally recognized as adult age for him to have control of his finances. But we know there are Bieber's age mate that are still struggling with life as we speak. What am I saying real sense, it's that there's no age for financial stability. Whenever yours arrive accept it that way.
@Philipma1957, the good Lord will surely make you see 67 and beyond, in good health.
With that phrase or parable you've mentioned, I won't give an exact age on what is the right time for someone's stability. It's because we have our own timeframe but this only applies to those people that are trying hard, working hard, and trying to be the better person that they are.
It's true that our decisions will determine us on what is the right age for our financial freedom.
There are cases that there are kids that achieved that when they're on their teens and don't get it wrong or don't be discouraged when you happen to see one. It's because we're not all the same thinking and with proper guidance, someone can really achieve that right. While on the 20s-30s, that's the time when people gets to enjoy most and even up to 40s.
But as said, you do you. So whatever makes you happy, you make memories and you create it together with the people that you're happy with. It is incomparable to the topic that we have for being financially free. We can always work for the money but if the goal is to retire early and get lesser work but more time to enjoy. That's why you see people work tirelessly from these ranges of 20s-40s and then gets to enjoy life 40s on wards.
It's true that our decisions will determine us on what is the right age for our financial freedom.
There are cases that there are kids that achieved that when they're on their teens and don't get it wrong or don't be discouraged when you happen to see one. It's because we're not all the same thinking and with proper guidance, someone can really achieve that right. While on the 20s-30s, that's the time when people gets to enjoy most and even up to 40s.
But as said, you do you. So whatever makes you happy, you make memories and you create it together with the people that you're happy with. It is incomparable to the topic that we have for being financially free. We can always work for the money but if the goal is to retire early and get lesser work but more time to enjoy. That's why you see people work tirelessly from these ranges of 20s-40s and then gets to enjoy life 40s on wards.
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.
Financial stability differ on each person, some could be matured on their early age due to their circumstances, while other could enjoy their life because they have the privileges due to their family status.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.
And for my opinion if we would need a specific age to start on being serious on our life it would be at our mid twenties, in our teenage years we could enjoy our life and study but on our early twenties that is the time where most of us would face some life changing circumstances like others are already having family or kids.
So in our mid twenties that is where we should make plan and see ourselves on the long term, build what we need to build not just for our own but also for our family.
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.
Yes, we should use our youth to earn money and invest it so that when we are old enough we have assets and if there is a sudden need for household expenses or children's needs, our assets can be used as reserve funds. But I realized it when I was old enough and I regretted having missed that opportunity.
I have a good opportunity and a good chance, because I joined the forum in 2017 and at that time the bounty campaign was very promising because the results were very good. I got a decent income from the forum but I forgot to invest and the money was used for living needs, having fun, and helping my parents, I forgot that I needed to invest and I only realized it now. Right now I can only regret that I missed the opportunity I had
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