Topic: What is the right age for financial stability? - page 7. (Read 1672 times)

but arguably, investing in ourselves basically to get a higher income might work out well than saving, after all, saving requires a long time but with the increase of income it will shorten the time required for being financially stable by significant amount.
moreover the fact that with higher source of income you will have the flexibility of using your money without worrying too much on its own is already such a massive advantage.
I just personally think in my opinion that saving will not do much, its essentially just keeping portion of your money and use it for later days, but if the salary is stagnating, you will always have projected savings that you will have by the time you're old and if its not that much, then it feels like wasting time.

And there are also younger folks that have more money than the typical mature worker because of their strategies and inventions.
Although this is rare thing to be seen but that's happening in some parts of the world that there are kids or teens that are able to make more than what we've earned in our entire lifetime. Well, they're gifted and they're using it wisely and that only means you're right that financial stability comes to any age of our lives.

Usually we do finish up our studies on the age of 19-22 basing up on the course that you are getting on which only a few would really be having those plans on taking a career on which they wont really be that getting in line with the course that they had finished but rather decided on taking up that entrepreneurship kind of career which they do know that having this kind of path does really give out that kind of higher chance on getting yourself on successful which is true but it wont really be that anytime to be precise or could really happen to someone. There's always that accompanied risks also and this is where some people would really be just sticking on finding their day job on the time that they would finish up their studies and  this is why they do decide on sticking with it just because neither they cant just bare up the risks or just simply they arent that interested at all.

Financial stability is something that majority of us would really be hoping for on which it is really just that a normal target for each one of us. Only to those people who are really making that extra
effort or work have the chance on reaching out this type of goal but of course you would be needing to take more risks for you to achieve such situation or simply you would be
needing to go extra mile if you are really that pursuing things which you do see that could really be bringing out that kind of freedom.

I think the younger you start saving and investing, the more you will benefit in old age. The biggest advantage will be that you will have a good experience even in middle age. A lavish lifestyle in youth is what everyone wants but those who are concerned about their future must make their investments, but the aim is not to keep accumulating money but to invest it in different places and spread your assets is the most important thing.

If one invests in a good place, one can live a good life at any age, but the real fun of life is from 18 to 30 where you can enjoy everything to the fullest. Therefore, most people do not prefer investing or saving at this age. One of the reasons for this is that the mind matures with age, no one worries about old age at a young age. However, in all these things, his parents also have a lot of involvement in how they have trained his child.
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Your words are certainly logical. Time will also shrink for those who put off the tendency of their saving like this sooner or later. It may be that they are old but they don't have money. They don't have enough savings to get at that time. Moreover, there may be some who have started their savings before the last few days of their life but it is very little for their needs. The right age to start saving is when you start earning. But referring to the specific age, if a person tries to save from the age of 25 then he can build a good savings within his long career with which he can lead his transition into old age. We must all develop a saving attitude.

The financial stability of anybody can come at any stage, people cannot save when they don't have any source of income, young people are always financially unstable because at that stage they hardly get jobs to keep them stable and most times because of the youthful exuberance some of them are indulge in, they find financial stability or savings as something that is not in their immediate needs.
At the age of 18, it is expected that that person is still studying, that is to say the person is a student, and  we all know the financial burden that always comes up with being a student, so it's always not easy to start saving at that age, because you don't have a steady income.
Financial stability can come only when you have and income, and you can save and make financial decisions based on income.

Isn't it too old that human life begins at the age of 40, at that age human productivity has decreased because most people at that age are no longer productive. Ideally, we start building a business at the age of 20 or above because at that age we can be more productive and responsible for the work we do. Those aged 40 in my area are just enjoying the results of the business development process they underwent at the age of 20 and when they are serious then at that age they just have to enjoy and direct their business to become more developed.

Human quality is limited to productivity and age often becomes an obstacle for them to think productively. Of course, it is possible that human success is not always the same because it may involve different opportunities. But if we talk about productivity, 20 years and above is the most productive age for someone to build a more mature career.

Depends on your health but also your family relying on you.  Some people should be reducing risk drastically from 35 onwards but others can risk into their 60's due to good health and security via a house perhaps etc.


There is a very good study that looks at normal investment returns on a pension starting from certain ages.  Starting age 18 gives a far greater advantage and ease of having a secured retirement over say late thirties where a person may end up having to put in 3x as much per year to achieve the same deal.   Just a small amount at early age makes alot of difference due to compound gains long term, there is more risk in attempting to gain short term.   Stock markets can sometimes come close to flat gains over ten years though thats rare ideally you are able to capture the best growth by being involved beyond the edges of a period of gains..

I’ve heard and saw people say that life begins at 40, and if you play your cards right that’s when you’d have the most money to play with and the most time to enjoy the money that you’ve earned so far. It’s also the best time to start businesses and enterprises to some people, so back when I was still a growing teenager, i thought I could just slack off and leave everything to chance. After all, if I play my cards right I’d get my come up on the day I turn 40

Of course as time went by I realized how flawed that system is. I grew out of it and found that it’s much better building knowledge and wealth as early as possible, instead of leaving it up to chance. Since then I grew to know that the best age to financial stability is when you’re most ready.

Yeah, it's too bad that some people only realize themselves when it's almost too late for them. Perhaps at their very youthful age, they have had better opportunities but misused them due to friend influence and other things that they were convinced on. Someone once told me that I like to suffer for myself all in the name of self-discipline or whatever, but I told the guy that "we sow today, that we might reap tomorrow." Today, I don't think he can compare himself financially to me. It's not bragging, but a fact. Some people live their lives as if it will end the next day; they always fail to realize that there is still a future to come.

It's true what you wrote here, for each person, life's journey is different, things such as education, privilege and family background really influence a person reaching the age of having stable finances. I already have my own small family and I feel for myself how difficult it is to be someone who is financially stable now, I actually feel freer when I'm single lol, however, I will continue to fight to achieve financial freedom so that my children can enjoy good things which I passed on to them casually.

Is there any age for financial stability? I don't think so there is any age atteched to financial stability. There are some regions when if you are upto the age of 18, they expected you to start making decisions for yourself and have something doing. There are people that got married at the age of accountability which is 18 years in most region. We ought to be responsible for our decisions when we have crossed this age. There are people that are upto 40 years but still don't have a good financial stability.

I think financial stability has nothing to do with the age of a person since it's not illegal for anyone at any age to be financially ok. Some people already become billionaires at a youthful age while to others they were financially stable at their old age I think it all depends on the individual and the time the person became successful in whatsoever he's doing. Once a person is able to make proper use of an opportunity to invest, strike a good business deal or get a well paying job and is able to utilize the finance gotten from the investment properly, even though such person is at age 18 or 20 I think becoming financially stable is ok unless the person is unable to take good responsibility for what the finance is used for otherwise I don't think age has a big role to play when it comes to being financially stable.

As early as possible on which on the time that you are already indeed that wary on how things should really be dealt with then it would be something that an advantage on how early you would be since you could really be still make out preparations as you do go along or proceed forward. Somewhat for those who are late bloomers then there's no such thing about being late considering that success could really be still be attainable even if you are old. It is really just that a matter on how well you do make out those kind of plans for the better future of yours. All of us do really wants to have that financial stability.
Who doesnt really want that?

This is why we are really that thriving or doing our very best on what are the things that needs to be done first so that we would really be able to achieve such state. Yes, its not simple
but doesnt mean that it would really be that impossible. As long you do give out effort and proper planning or whatsoever then this is what do really counts.
You cant really make that yourself be able to commit mistakes but doesnt mean that we should stop there. Always aim for the goal and something that you shouldnt stop
whenever challenges and mistakes do hits you.

"Having financial stability" and "having income" are two different thing. You can have income but that doesn't guarantee you have stable finance in your life. Financial stability means that your stable income is higher than your stable outlay.

the right age to have financial stability is just about your choice of life. it starts when you choose to have a stable / permanent job, or it's often when you choose to have your own family. when you have living load, you want to have your capability to carry it. that's the time for financial stability.

In fact, there is no symbol for managing finances so that we are financially free in old age, the most important thing is that intentions and efforts from now on are ideally started from a young age.

Managing finances will of course affect the quality of life you live. It could be that when you are young, financial conditions tend to be good. However, when entering old age, financial conditions actually worsen.

Conditions like this can occur if you have a fragile financial foundation and a lack of knowledge regarding how to manage your money well. As a result, when you are old, you will not be able to live a prosperous life and will experience financial problems more often. When you are young, everyone still has hopes of what life will be like in old age.

Moreover, to stay healthy, enthusiastic and prosperous and happy with your family. So it is necessary to manage finances and health for the future from now on.

I totally agree. Waiting until your 30s to think about finances is a bit late. By then, you should ideally have some stable income and a plan. Starting to save and invest early, even in your teens, is a smart move. What's your take on when people should start getting serious about their finances?

Financial stability is really needed by every person of any age once they are adults and have responsibilities that they must fulfill. Especially for those who are married. And it would be much better if we had achieved financial stability since we were young and not married. So when we get married we only need to maintain the financial stability that we have achieved. But sometimes most people are much more motivated or much more driven to work harder after they get married and have children. Because a sense of responsibility may be what makes someone work harder than usual.

Achieving financial stability is not as easy as it is said. But as long as we try and remain consistent in managing our finances well and continue to work hard. So this can be achieved. But usually people who succeed in achieving financial stability are those who have a high commitment to working hard and are disciplined in financial management. I personally am still working on it. But I don't know when I will succeed in achieving it. But it feels like it's close or almost there.

When you're being matured enough as an independent adult youth and you have a right sense of humor for being responsible for every of your decisions and actions taken, then you will realize the need for having a financial stability source after knowing what's ahead of you to cover as being expected, by then, you would have realized the family demands are on you and you also need to derive an alternative to source for income, having financial stability is not by age, it's from the mindset, we planned it and work towards achieving it when we realized the role we should play in our life and other people's life.

Of course, having financial stability at a younger age is much better because it can make the Dewaa period will be much better in finance, indeed everyone is not required to reach the stability of money at the end, it returns to each other or their respective awareness In financial matters, but from the many cases I encountered most people were late in understanding financial stability and the importance of having good money management, so everyone had financial stability with a random age.

Some examples, many people who are more mature than me they regret because when they were young they were wasting money and waste their time, where they could build finances well when young times for old age were much better in terms of stable finances, and They regret it after they are old that financial stability is better to be built when he is young.