Topic: What is the right age for financial stability? - page 2. (Read 1672 times)

This depends on parents in educating their children from an early age, in teaching them many things such as saving etc. Usually young people with a very luxurious lifestyle usually follow the trends that have been around in the last few months, and or usually these young people join in social circles in the surrounding environment so that they don't appear to be underestimated by the people around them, so they will appear a little exotic when buying brands. famous, whether clothes, shoes, bags, cellphones etc. Usually people like this will lose a lot of wasted time.

It's very different from poor or mediocre families, we always teach people to save and not be too wasteful when buying things, and the important role of parents today is to teach our own children to invest from an early age, when I was young, my father didn't teach that. I'm into investing, maybe my father doesn't understand the world of shares or anything else. What they teach is just saving and saving, the more I get older, what's more, getting to know this forum changes my mindset or mindset, and it turns out that saving in the bank for years in my opinion is not good, it will cause our money to be eroded by inflation.

To achieve financial freedom, it is difficult to determine at what age we achieve all of this, it all requires a very long process in carrying out various types of sources of our income. The sooner we start at a young age, the sooner we will gain financial stability or financial freedom.

the sooner the better, after the age of 18 you should be productive enough to earn money, even if you're studying while work  it's actually not a problem, we're smart enough to divide our time,
Having financial freedom at a young age really influences our lives in old age when we have a family,

We definitely need to be financially stable before getting married. Marriage is a whole different level as you’re now responsible for another person. And after marriage hopefully comes a child or two. You would definitely not find it easy if you’re not yet financially stable when kids comes along. Children, when they’re young can be financially and time consuming.
For anyone to comfortably cater to the needs of the spouse and children in the home, that person must be financially stable. People who rushed into marriage before being financially secure are bound to have problems that would easily have been avoided or settled quickly if they had been more financially secure.

20-30 years old is like the time that you have to set your priorities into working hard and smart. That's because you're still strong by that time.
After 30, you are going to be weaker and will have a family so that means your time will also be divided and your focus will be gone.
But if you manage to build yourself during those early years when you're still single, that's how it should be and I agree to you for that range of age.

Yes, if we are based on age, when we are over 40 years old, our physical strength will not be as strong as when we were young. But this is not the reason why we are not able to earn a large enough income at the age of 40 or above. Because someone once said, "When you are still young and physically you are still in your prime, then spend your youth continuing to work hard and earn as much money as possible, while when you are getting older and physically you are starting to get weaker, So work smartly and let your money work to make a profit, which means that when we are young, we spend that time not only working hard to earn money, but we also have to look for and continue to deepen our knowledge, especially in building and developing a business, investing and as well as financial management, so that when you get older and physically start to weaken, you will no longer worry about how you can continue to generate income at that age.

A man cannot work as hard as he can when he is young. And to be financially strong, you must be able to work hard. I think 20-30 years is the perfect time to be financially sound and anyone who tries hard and has the mindset to work hard can succeed. Because the percentage of success is very high at a young age. And when one crosses 35-40 years, physical weakness appears in him and various other diseases appear which prevent him from many things. So I think the best time to be financially sound is within 20-30 years

Life is tough, especially when you're young. There are so many uncertainties and constant changes. But don't let that discourage you. Keep striving to improve yourself every day. Take care of your physical and mental health. Never stop learning new things. And don't chase after the perfect career, it's an illusion. Everyone's life is different, and their definition of financial independence varies too. For me, financial independence means not having to rely on your family for financial support. This could mean anything from living with them full-time and having them pay all your bills to occasionally asking for a loan to cover an unexpected expense. When you're financially independent, you have the means to take care of yourself, whether it's through savings or your creditworthiness. You'll always need an income source, even if it's to reach a point where you can retire comfortably. And even then, you can't just let your money sit idle without generating more income, or it will eventually run out. Your description of your situation is what most people would consider financial independence.

I agree with your opinion, everyone certainly wants their life to continue to develop in a better direction than what they are currently living, especially in terms of finances, it takes hard work and not giving up against all obstacles and they will face them in order to achieve the financial freedom they want , because without going through every existing process, of course we will not be able to achieve the financial freedom we dream of.

In my opinion, the right age for someone to have financial stability is if they are over 30 years old, because when we are under 30 years old, when we have an income, of course the only thing we think about is having fun and never thinking about how to invest or save. part of his income.

But however the luck factor we always need in our real life buddy, there are things that we see like impossible but sometimes it can really happen and it's unexpected in terms of something positive and can be profitable. Even though luck can always happen anywhere and anytime, but that doesn't mean we have to stand still and just wait for luck to come, it's very clear that it doesn't make sense, and what is more certain is that if you really want to experience changes in your life, especially in financial terms, then you have to work hard and as hard as possible, you have to believe that the process will not betray the results and during your struggle I am sure there will be occasional luck that will help you to facilitate what you want to do.

I agree with you, another thing is good consistency, whoever it is if indeed they want to achieve their dreams such as becoming a successful businessman then in addition to hard work you also need good consistency in any case especially in your struggle, consistency like it has become a very important thing in the struggle, you can't forget that because it's useless even though you have good insight if you can't do something consistently then maybe there will be no satisfactory results and even very likely in the end you will fail. So the point is if you really want to become a successful businessman then you must know what things are needed and what must be prepared.

People want to make themselves at least escape from this kind of low-class status in their life and keep doing their best at least to achieve financial freedom but if you are not a hardworking person, business-minded thinker, responsible and self-control you can't escape with this kind of society actually there's no exact age needed for this at least you have a good kind of mentality. Wanting to get the success you can get out with the low class of life. You will only achieve this if you keep taking risk, and grab the opportunities so your mind will be open. It's a little harsh but outside the school, reality can really slam your face that you are not rich enough with the state you have also you must stand on yourself all the time.

I don't really believe on luck since none of that exist by chance since we need to move and do more effort to achieve our goals. Also what's more important with that is consistency since without this whatever business you do and however you think your knowledge is so broad regarding on business related matters for sure you will failed with that. Consistency is the main factor why people succeed and the most important think there is we love what we are doing and the chosen business to open is on scope where we enjoy the most since for that for sure we will never get bored then have successful result on long years of operation. With this for sure we can make the retirement span short and we can enjoy our life on things that we really want to happen.

Much better than nothing at all, that's  a good principle in life, if you want to change something you need to stay out of your comfort zone and try
to work outside of the box and find your destiny.

For those people who can't extend their time learning more things will continue to keep the same level in life.

If you want to earn that financial status in life, you need to work and not just to lean with luck, though there's factor if luck comes up
and help you but it's not always the sentiments.

Yes that's right, they have to work hard to achieve success that is worth enjoying, for that they must have a strong determination in running something so that they don't fall easily or don't give up easily when they experience failure, but there are people who give up when they experience failure in running a business, I think it's normal that they fail because everything certainly has its own risks. With dependence on parents, maybe some people will look negatively because there is no willingness to be independent, I only prevent this so I prefer not to depend on parents even though I am still young. if you have entered the age of 18 years it is time to learn things that must be run independently even though not all young people can do it.

Well you know, that's why I think they should be able to learn to be independent and not depend on parents even at a young age. if they already have good thoughts and certainly have their own desires then they should start doing it independently, after all there is nothing wrong with that. I think parents will also support us if we take independent steps, it is unlikely that they will prohibit their children from being independent.

That is not actually luck, but it's destiny. We may be mistaking it for luck, but it's all up to destiny. In everything we do, business or even at work, we give all our hard work and best effort. It's true that all hard work pays off. We achieve something new, being promoted in our job, expanding the business, and such. However, our real goal which is to have a successful life seems out of our reach. Because it is not the time yet, our luck or destiny tells us that it's not the time yet for us to be successful.

not all of them are like that, in some cases children have just graduated from school and then they work, and their parents ask for money to be sent every month.
maybe it could be up to 40-50% of their total salary.
How do you respond to that?
Maybe your meaning of saving is true, but if conditions are like that he can only use the remaining 50% to survive.
Basically everyone can save, but the amount is different and the time is relatively different.
while the goal must be the same.

No one ever thought about luck while starting any business or any work,because no one knows or can predict his fate, but always believed in their hard work and effort , after that they leave everything to destiny. the first thing is effort.No one knows the future and no one knows how his life will be in the future, but every person tries and works hard according to his ability. I have also seen people who work hard in a very small business, but due to their hard work and luck, they expand the scope of their business and become a successful person.

So never mind that we all should have business or money in the beginning like the rich. All the rich people in the world, if you check their history, they have also reached such a big level from a common man and a small business. Therefore, one should try to move forward by trusting in one's effort and hard work, because fortune always favors the brave.

lucky and destiny have a big role and saying that is already understatement, what i trying to say is that so many rich people out there having right opportunity at the right time, honestly if someone know a lot of rich people they'd think the same way, business is a no joke when we are having weak economy but a fun little hobbies for those conglomerates and rich people and how to become rich from the start without doing anything? luck, literally coming from rich family already adds so many privileges that many might not even get.
luck coming in every aspect of success but many people like to undermine it because it might stain their supposed hard work even though I also believe that there are some people that become rich through hard work indeed but im sure they also have some lucky moments.

I've read people who will argue with you about this. They'll ask you a question when you be able to achieve that financial stability when you don't have a lot of source of income and you don't have a gesture in starting your own business? For how long that financial stability you're achieving be reached? 30s? 40s? 50s? I'm not saying that marry at an early age but you'll never know when you'll be successful. And those that argues about it will say marry and achieve both of it together.

The struggle is there during the marriage life and all the hustle you can think of will come out of your mind. You don't realize that you get more ideas and becomes more intelligent because of the solutions that you're thinking of for the sake of the family that you are building. Admit it or not, a family or a married life that struggles financially is likely to have a problem on their relationship.

Not all the time that many are going to be supportive with what you do as husband and wife. What the couples need to build aside from being financially stable is the continuous communication with good and bad times. You check out each other if both of you are still on the line together with the promise you've made during the marriage.

Even someone who has tried their best will not necessarily have the results as expected, let alone someone who doesn't want to try. luck or destiny only applies to people who don't want to try because effort and prayer can change a person's destiny. Even if you have tried but failed it is much better than not doing something.

It will be always not easy for poor people to have financial stability. They must work hard to achieve a better financial condition and they probably will work at some places. It also takes a long time to get financial stability. But it is surely not impossible, it is something that poor people can achieve with harder efforts.

Yes, saving is one of the common ways to collect the money. Actually, it is not only poor people do it, rich people also choose savings to ensure their future. But rich people also have the option for investment, so they can have a chance to raise bigger money. Meanwhile people have no ability for investment option due to the limited amount of money.