Topic: What is the right age for financial stability? - page 5. (Read 1577 times)

Some people do not live like this and are still not financially rich. Some people actually started to save at a young age and still didn't amount to anything because inflation, recession came and made whatever they have saved to save them. I just want to say that they were " unlucky" to be born into a country where their leaders are crooks and would rather be corrupt that save the country.

I'll teach my kids from a very young age not just about saving but most importantly about investing right. Your money save may depreciate in value but I'd you invest right at an early age, you will never regret it. 

Doesnt matter if you do start up late or not, its better late than never on which this is something that you should really be putting up into your mind. Right age? It doesnt matter much.
As long you are really making some steps no matter how small it is as long you do already set your goals and trying out to make it happen on which this is what matter the most.
There are people who are really just that easily get discourage on the time that they would encounter some hardship or failures.

I used to think that as an individual grows and advances in age, that individual gets more matured in thoughts, emotions and actions. I was dead wrong. Ordinarily, one is expected to grow and be more matured in all dealings and encounters.
Personally, I don’t consider the age of an individual to be a factor in determining the maturity level of that individual. There are kids who act maturely and behave way more responsible than some adults in our society.

There are healthy 25 Yr olds that acts maturely and healthy 40 Yr olds that needs supervision cause of their behavior. If age meant anything then, it doesn’t mean much anymore when it comes to an individual being matured.

I hope its not my age, because I am nowhere near stability lol. I understand that not everyone could approach it the same way, but that doesn't mean that we are not going to end up with any stability until we die, some may get it young and some may get it old, our job is to keep it going as far as we can. I personally do enjoy the situation as much as possible and I like that I am not stable right now, because I am young and that means I need to keep on working as hard as I possibly could to keep it going, if I had some stability I may have taken a risk and do something stupid and put my old life in danger, this way I keep working and hopefully will do better when I retire.

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.

Indeed, your region's saying provides a fascinating life divide, emphasizing the diverse aspect of living. It highlights the need of establishing financial security before entering into marriage, which is something I agree with. The regional proverb about life being split into eight-year chunks represents a cultural perspective on life phases, however life does not necessarily follow such a regimented chronology.

Of course, the sooner the better to start investing. But at that age, your ideals are much more about having fun and living in the moment, so we don't care much about the future. Generally, when a negative problem comes from a major external factor, one starts investing with the feeling that it is too late. Of course, the same is not true for everyone. It is a very true issue that 5 fingers are not one in five. My elders have always said that if a man has not organized his job and financial income by the age of thirty, the rest is an abyss. Frankly, they say that there is not much hope for that person's future. You need to have financial stability at the age of 30-35, or even earlier. In the information age we live in, it is very possible to do this at an earlier age. You just need a virtuous and disciplined life for financial stability.

Already in the OP it is said, all fingers weren't the same. Different people have got different responsibilities and thought process. Some turns more stable and have better understanding about finance in this early teen age, with some people it happens after 30+ years of age. We can't get fixed to specific age, and age is just a number. One should be financially stable when he/she is getting ready for marriage.

In our region there is a saying life has to be divided by 8 years. First eight years is to play, second eight years to study, within 24 years of age you need to marry. Within 32 you need a child and the next eight years is for earning. Age 40-48 years to roam the world. Upto 56 years it is to take rest. Living after 64 years without achieving this isn't gonna give us relief.

In our region there is a saying life has to be divided by 8 years. First eight years is to play, second eight years to study, within 24 years of age you need to marry. Within 32 you need a child and the next eight years is for earning. Age 40-48 years to roam the world. Upto 56 years it is to take rest. Living after 64 years without achieving this isn't gonna give us relief.

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.

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

What you say is correct, but age is also a factor in a person's maturity in managing finances, both personal and family finances, and even in companies.

The ideal age is 25 years and for maturity it is 40 years, here you are very mature because at that age you can control emotions in everything, so the age factor is also very influential.

Age doesn't matter for having financial stability, all that matters is being able to seized every opportunity that comes our way, I know of a girl who is already making it well as a programmer at the age of 15 now. Let even come close to this Forum, there have been alot of  young adults who have been living well even becoming millionaires because they invested in bitcoin, even teenagers can be among, its just matter how we react to opportunities.

15 seems too early to think of making money. At this age, kids will just be playing in the classroom. Not all but a kid making money will be hard for parents to control. They will think they can live on their own already.

But most of them will only be thinking of financial stability when they get married because they now have a family to support. 35-40 would be the ideal. I think by then at this age a man will settle in peace.

Age doesn't matter for having financial stability, all that matters is being able to seized every opportunity that comes our way, I know of a girl who is already making it well as a programmer at the age of 15 now. Let even come close to this Forum, there have been alot of  young adults who have been living well even becoming millionaires because they invested in bitcoin, even teenagers can be among, its just matter how we react to opportunities.

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.