Topic: What is the right age for financial stability? - page 3. (Read 1664 times)

Financial stability needs to be reached before getting into marriage life. Majority had suggested it, if not we should have planned well and increase the income streams. When we get married one need to have atleast thrice the earning than what we were earning as a bachelor. This will keep the family life more joyful, because the problem starts from the finance. Most of them used to stay supportive to each other, but in some cases things go different and end up with divorce or seperation.

If a person comes from a very poor background honestly it becomes difficult to have a breakthrough in life, I believe the OP is using the yardstick to compare those who are already well to do without taking into cognisance those who came from a poor family, you truly capture the picture of how those category of people would have to work hard to make it thus there is no any age limit for their success and breakthrough therefore if that opportunity avail itself I believe they would subsequently have extra money for savings and I am very sure those set of people if they luckily made it definitely savings would be their top priority because they can't afford to miss their opportunity and go back to penury again if they misappropriate their money.

Success would really be depending on how hard you do work for it, you wont really be making such progress if you wont really be doing things or making some risks on dealing up with something.
When we are still young then it would be normal that we are really that still dependent but on the time that you do want to achieve something like being that financially free then this is where
you would be starting on making considerations on making some step or decisions on making some investment. Yes, you might be starting up small but taking gradual steps is never
been that bad. All things will really be depending on how you would be able to sustain yourself on longer runs.

Financial stability is something that cant really be attained or achieved overnight. It would really be taking up tons of years for you to find yourself that successful. Even though getting successful
wont really be a guaranteed thing but at least you are really that doing your very best to become one. It is really that better to take action rather than on being that contented
on being poor or that only on average. There are ones who cant really be that take up risks and there are ones who can.

10 years of grind from age 20 to 30 is just about right to not be a brokie for the singles or those without kids. The problem is that not everyone works as hard as the others even though they are all given equal opportunities. If you're not financially sound by 30 then spending another five years should be enough to get your money on point.

It's tough to save up when kids are involved specially on countries where people are 9-5s.

I think it all depends on each individual, if they are still 18 years old but can already manage their finances well that's good for them, because at that age usually many of the youth still spend their time playing. Age is not a benchmark for achieving financial stability, but in my opinion the person's thinking determines it, even if he is an adult but if he cannot or is not smart in managing finances then they will be wasteful with what they do such as buying things that are not too important and by buying them only because they "want" not because they are "needed".
If at the age of 18 years old they are already smart in managing finances then it will have a positive impact on their future, by being able to manage finances well which can make them economical in their needs. People like this tend to buy what they need, not what they want.

Unfortunately financial stability has no age limit because some people inherit it while they are still young and are set for life , while the other bunch has to go out there to work for it and make things happen.

Otherwise if we factor in things like financial discipline, financial literacy, maturity etc I think 18years is fair enough as you can also get into legally binding contracts as an adult and enjoy your finances in peace.

Agreed, and if anyone has the opportunity to save at a much younger age go for it as you will thank yourself when you get older.

Just like you said that” All fingers are not equal”,some people grew up in a very timid And poor environment At their tender age where education Was never a Choice for them rather they embrace Susistence System of farming as a means of survival because there is no capital To commercialize their efforts .And this continues till any age that the Grace of God shines on them .however, I think the Grace of God decides someone’s financial Success rather than Age because age they said is just a Number .

Yes basically it is true that it all really depends on each individual, not everyone has an advanced mindset or that means not everyone thinks about things to prepare for their future, and that is why as I said earlier that some succeed and some fail, it all depends on themselves, if indeed they are not too serious or do not have any intention to change their lives for the better in terms of finance then obviously from that alone we can conclude what their future will be like. And also yes it is true, there are some people who struggle hard because they think about their future, and there are also those who struggle to achieve success because of the many pressures they feel, as you said when they have a family then obviously there will be a lot of needs that they have to fulfill, so however they must be able to take action to change everything with the aim of increasing their income because there are many family needs that they must fulfill.

Yes that's right, the sooner the better especially for something positive but maybe it's for other things that may not be too demanding for you to prepare something like you have to prepare when entering the investment field, as I said earlier that if indeed your age is still in the teenage stage with the age of 16 - 18 years I think it's still too early, because it's not just intention that you need but also with mature self-preparedness, while someone who is still at the age of 16 - 18 is still quite unstable to be able to consider something related to the field of trading, and it is quite dangerous for your finances. So maybe you can go into other fields in my opinion, and if you really want to get involved in investing then you can wait when you are old enough.

That's my point, even you don't have that enough knowledge at the beginning, you may learn more about the business or the venture
that you are taking is possible.

And from that point of view, achieving your goal of being financially stable is really possible.

I personally think that having that determination gives you that desire to push yourself to the limit and make something
happen to you in terms of financial aspects.

The determination to act is a very important character trait, because if you have the desire, even without much experience, you can learn everything along the way, if you don’t give up first. You can have excellent knowledge and sufficient experience in some niche, but be afraid to start doing something yourself, and in this case, a person with less knowledge but with a greater desire will achieve a better result. At what age you start doesn’t really matter either, you need to start when you’re ready for it.

It is better to be aged 25 and over so that the user is no longer playing around with losses. If he are still young, your mindset is still not focused and he think that losses and losses in trading are normal. because there is not much need, if we have lost a lot of 1 dollar, you can use another technique.

Yes. At the age of 25 we are required to mature quickly in making decisions. Whatever that is.

Depends on a certain individual actually since not all would really be thinking about business on the time that they would really be working on which they would really be that be focusing into their work which they would be most likely on getting one into this kind of age range or on the time that they do finish their college on which it is really just that a common approach that they would really be directly be looking for some job and making them stable but sooner or later when the time comes that they do realize that their earning isnt really just that enough for living on their own, then how much if they do have their own family?
This is where people would be starting on thinking that they should really be needing to step up. or else they would really be living a life on which it isnt really just that really that not convenient or something
that would really be that enough.

As early as possible then it would be great that you should really be thinking about taking up steps on making your living way more better or in terms of finances.
It isnt that bad to try even if you are young or just starting up. Dont let yourself that living in a life on which you do have financial struggle.
Its inevitable but it could be avoided if you do work hard and being wise or smart.

Several people I saw and they all came from poor families never experienced difficulties as long as they were still willing to work and continued to try to earn money as their basic capital in order to be more successful when they grew up. This means that whether a person suffers or not is not always determined by how rich or poor his family is, but by how diligently and diligently he works to eradicate difficulties within himself through whatever efforts he makes. So there is nothing difficult as long as we are still willing to work to achieve success in the future because it is not limited to whether someone is rich or poor in their life.

I also believe that each person has a very different life journey so that we cannot equate each person's life with the life of another person. Although everyone does need hard work to be successful and feel good about their finances after struggling through the best things they can do in their own lives. As long as we are alive, we must always fulfill the necessities of life so that our health can be maintained, but there is no need to think that this is something that is difficult to fulfill, because as long as we are still able to struggle to fulfill them in the amount we want, I don't think there is anything that impossible to get even though every thing requires a process at first.

The luck factor is a factor that no one can predict, even though they have tried their best in life. But balancing efforts and prayers is the best way for everyone because wealth cannot be obtained instantly unless someone is born into a rich family and his parents immediately gift him a number of assets directly. And I also don't deny that up to now there are many poor people with a strong mentality who continue to struggle to become rich and who have managed to become rich after struggling are also quite a few even though they are basically poor people.

Most people will usually start the financial stability phase starting from the age of 22-23 years, at that age they have started to enter the world of work and I agree with what you said that if we measure for a process of their struggle in the field of work then maybe they will be able to get a decent income or pretty good finances when they reach the age of 28 or 35 years. and also that means youth is the period of their journey for a process that will determine their financial stability for provisions in old age later, some succeed and some fail, therefore maybe we often hear a lot of advice from our parents, And that also means that youth is a period of their journey for a process that will determine their financial stability for provision in old age later, some succeed and some fail, so maybe we often hear a lot of advice from our parents that "use your time as well as possible, take advantage of opportunities", that's what I always remember until now.

Honestly, I don't agree with your statement about the ideal age of 16-18 years old to start investing, in my opinion it's too early and too young, ages 16-18 are still very vulnerable and they are still quite unstable in distinguishing things, so in my opinion it is quite dangerous and quite high risk for their trading safety. As we know that the ages of 16-18 can be said to be underage, which means that their nature and behavior are still quite unstable, while in the world of trading it really requires maturity and a mature mindset, none other than because trading is quite risky, and it is very likely that for people who are still underage they will make many mistakes because their mindset is immature and it is quite dangerous. Maybe in my opinion the suitable age to get involved in the world of investment is above 20 years to start.

Yes you are right, there are other factors aside from knowledge and skills if you have that determination and by chance luck back you up

even you don't have any knowledge, chances to bring ideas out of nowhere can help you out to be successful.

It's just that mindset where you are not willing to easily give up that will allow you to seek for more and aim for your success, by luck and hard work
you will find that wisdom and possibly create that spot to be financially stable.

I think 28 to 35 is right age for fanatical stability if you start your financial activity at the age to to 22.I think it takes 5 to 10 year struggle and labour to be mature in business or job and some service etc. But if someone start doing staking, trading or mining in bitcoin or crypto currency then 16  to 18 year age is very ideal to start .After 5 year study, effort ,working and experience we will be in the position to earn well and will be able to get some achievement. Because it is said that there is no alternative to experience.5 year learning period is a probation period and after you will be able to achieve financial stability.

Yes I agree with you, it's never too late for a good process or thing. Everyone can invest at any time at any age, as long as they are able and willing to learn to run it well, there will be benefits later that will give their own satisfaction too.  By working hard and saving is a good thing, and even if the savings have been collected, it can be used to start a business or invest, but before investing there must also be learning related to investment because investment is not a trivial thing that can be done by many people. Many things must be learned to understand the world of investment that will be profitable, although there are also risks that are natural, because all things will definitely have risks. but to minimize it they can learn things related to investment, so that losses or risks that will come may be avoided easily.

By working hard will produce good stability, also investment certainly requires capital at the beginning, so they must work hard to achieve financial stability in order to invest or start a business that will be profitable for themselves. Not many people have the spirit to work to achieve financial stability, even though they themselves will feel the results. don't be like people who don't know themselves, they don't work anymore, there is no effort made, they should do their best to achieve good financial stability, that way they will also feel and enjoy the results. Although there are people who have high education, but it does not guarantee a good life, even to work alone it may still be difficult to get, higher education is only an added degree behind the name, not that it will make our lives guaranteed enjoyable.

I think OP make most important topic for reminder us what is the right age have financial stability, I am so sad looking with my environment when many old people still working hard to earn money due on their age just enjoying their achievement on the young age. I think realistic not easy reach financial stability around 30 to 40 years old, actually if reached 45 until 5 years old we must have financial stability and stop working hard except as influencer or trader.

Start with less support such as our parent not have much money its not really easy, but we must spent our responsibility help our parent and make balance with our saving exactly when reach older age we don't have to work any more and enjoying with our money looking for on the young age. I want to be financial stability when my age around 35 to 40 years old.

Not everyone will become rich, apart from knowledge and skills, there is also the luck factor, therefore even though our efforts are maximal and we have planned perfectly, the results may not necessarily be as expected. therefore efforts must be balanced with prayer, and of course don't be discouraged for those from poor families, in fact that will shape our mentality, remembering that every business has its ups and downs.