Topic: What is the right age for financial stability? - page 8. (Read 1672 times)

I do agree that ideally a person should have reliable sources of income at 30, but in some case because of several factors it won't be a big problem for some people to be a little bit late. I know an elderly who was chasing his passion until the age 40 but he never actually make enough money out of it, and then finally start a business and he actually succeed after several years. On the other case there are some people that haven't got their ways until later because they have some difficult situation.

Life is not a race, everyone has their own time and moment.

Allow me to say that it is from parenting I mean the kinds of life style everyone chooses to live and grow up is from what you learnt from your parent possibly a kind of life your uncle, friends and relatives where living and you felt that is the best life to live. Let me go lower a bit, there are some people whom might be living a very rough life and their parents sees it and say that is his or her lifestyle without calling their child/ren to order to know when to live such life, I can also recall a popular saying that keeps saying " train up a child in the way they should grow and when they are old they won't depart from it" Proverbs 22:6. simple gives a full explanation of this saying. Meaning from what you are thought the knowledge and the orientation you are being given at earlier stage you would know how to utilized and start making investment without waiting till age 30 or 45 start.

This applicable to women out there and I have constantly been warning my female friends those I cares for to start choosing their man now that they are active and beautiful. They might thought they had time but forgotten that after age 25 they began to get worried about a man they would settle down with, now that they had all things in them looking shaming its time to choose the best man amongst themselves to avoid meeting the wrong man at the wrong time or possibly meeting the right man at the wrong time. As we do know that everything in the world has time; a time to plant and a time to reap, and a time to born and a time to die. So it is to women, a time for beauty and a time to pass away.

In general, we always think there is time for everything without knowing that moment we felt is not yet time is the time for us, but we don't always accept the simple truth as it is always bitter. How can you be 25 years old and expect to be flirting your life instead to think of how to established (our) yourself to prepared to own a family, and whenever you are prepared for the family it became very easily for you to handle but at this some people especially my genders (female) would think is time for them to start galivanting. Investment doesn't have a age restrictions, of course if you are wise enough you can make investment at age 10 and above without any contradiction.

There is no manual about life and we can't never be the same, that's a fact. Even if there is a guide to become a successful person, there are people that will still prefer other pathways.

Teenage and adolescents stage is one of the most difficult phase of life and yet the best time to educate people, reason why we have more and more people spend lavish lifestyle in their young age is because they don't get proper education around these age brackets, sometimes you don't have to blame everyone you see regret their past actions, if only some of them have proper guide, they will have prevented it.


Saving is not a good thing anymore, maybe in it was great in the 90s and 80s but saving in the 21st century is like rubbishing your money for the future because by the time you become of age to use the money, it might only be able to buy a sandwich and burger. The best way to start when onw clock 18 is investment and not just buying anyhow investment, research on good stock and keep them safe for future.

Alternatively, start a business if you have the right idea, invest in innovation instead of buying Telsa cars and expensive watch to impress ladies that will leave you instantly when there is no money again. Invest in other people's Idea if you have the means. However, life doesn't have a define way to success, just because you invest doesn't mean you will succeed, that's a fact, you might fail on the way but not giving up is the best part of the whole process.

There is no age of economic stability, every age has economic stability for it. Some take all the responsibilities of the family from childhood, some take the responsibilities of the family at middle age, and some get financial stability from childhood, that is, there is no specific age. Financial stability is important at every age. We are humans who like to plan more than the present and we plan for the future because we save, invest and do everything else. Although we do not think about saving and investing in our childhood, when we enter the teenage years from childhood, we start thinking about the future. So the most important period of economic stability is from adolescence to middle age.

Oh I wish I had followed this advice from 14 to 29 when I married my wife in 1986 we could have had a nice house asap. no mortgage. ah to bad most of us do not get brains until we are deep into our 30’s

IMHO, it is not about profitability when we teach kids to save as early as they can be. 18 is like now a young adult that works and study at the same time, so the money is already there but experience is lesser.

For saving, I think as early like 7-10 years old. They're already good ages for the parents to teach their kids how to save money and how to sink on their minds that money should be given importance and not to be used for useless spending habits.

The importance here is the practice of being gratitude and saving because until they grow old, they'll find the value of it and let them discover how to invest it to things that they'll find out later.

Financial stability is something that isn’t defined by age, as well as maturity.
The lines between these two are interwoven as, how matured you are in character will to a great extent define how you handle money.

Having money isn’t much of an issue but how you manage it to be sustainable is the issue.
It’s normal for young adults to live some lavish lifestyle about how they handle there finances but, it’s not always the case with most. Especially those that have gotten to the edge and back. Those to have experienced life to a point where it would be safe to say, life did happen to them.

When you get to that point in life, you need not be reminded how valuable every cent is or how to manage it. Also, when your conscious at the pace in which the world is growing, to not miss out, you’ve got to grow faster than your age.

Personally to me, there is no time limit to living your dream life and I’ve seen stories of people who got everything Dey needed very early and also died very early and I’ve seen cases of people who got their lives figured out late and still enjoyed the glory which simply proves that age is typically just a number and not a yardstick to measuring achievements.
But without being bias, if one has the means to save when they’re younger, it will be more at the advantage of the young investor.

Well, you have a point, at a young age people could start investing themselves first, if they are not mature enough to handle this kind of thing such as investment, they could gather knowledge and skills first by just simply reading some books, attending some seminars or even in the internet since almost all of the resources as well the information are almost at the internet. Plus they don't have yet source of income so where they will get their funds for investment right? That's why once they get mature enough to handle learning as well as having a source of income like a part-time job, then it might be a good time for them to go with investment, cause they are earning enough to be cautious with the money.

It might not be easy to start early as you are like a toddler in this industry still learning things, but every step you take will be part of your growth. As I said you wouldn't need to engage yourself in investment if you don't have any knowledge, if you don't have any experience you could try a demo account or something like that, there's a lot of sources for improvement nowadays that even kids could learn. But of course, it cannot be learned in just a few days, it will take a lot of time for you to be familiar as well to be smart in this industry.

It is good for financial stability to be achieve in early age of everyone but the truth is that it is not every one that can achieve it early,  some achieve it late in life but I think this can be achieved at anytime . Their is no specific age that is a must that people must achieve financial stability,  but it is important one must still be working very hard to achieve financial stability,  this is needed at every level in life. So far as one is doing things right, working and have savings, invest,  it very possible to achieve financial stability.  Just understand how money works .

Workplace stress occurs at different ages for different people. In that case, the age of achieving financial stability of different people is also different. But gaining financial stability at an early age can be a good way to achieve an independent life in the future. Many will have this opportunity to achieve financial stability and many will not. There are people who have families with a large number of family members and they have no chance to accumulate extra money in all their family expenses. And there are people whose earning power can afford to save for the future. Very few people in the world are lucky enough to achieve financial stability. There is no exact age for financial stability but future steps should be taken keeping such trends in mind.

A person doesn't necessarily have to start investing at a young age, all they should do is keep saving as much money as they can if they become mature at an early age and start thinking and planning about their future. I know that it would be better if they learn to invest wisely and do it as early as possible so that when they reach an older age, they should already have some assets built that will help them become financially stable and not struggle to find jobs and earn a living.

However, it's not very easy to do all that at such a small age. When you are 18, you don't have much experience with things, you are still working on your education, trying to get a degree and get prepared to face the practical world, and it's often not possible for someone to get into investments and stuff at that age, only a few people can think differently and do things that are going to make their future much more secure.

I believe it depends on what is the legal age on each country because that’s the only time you can get a real job to become financial independent on your own. It’s useless to chase this financial stability if you are using part of your parents money to invest since you have no steady income.

I become financial stable right after I graduated in college and got my first job. Since then, I involved in different kind of investment using my work salary and at same time climb to the ranking in our work to gain more salary that makes me financially stable. My investment right now is for my early retirement goal so that I leave my job in young age.

Well I agree with your statement, for children aged 22 - 23 it is usually that they have just entered the world of work after completing their education, and with that it is true and reasonable that for a teenager of that age I think it is impossible for them to get good financial stability, because they are just crawling to start the world of work. In such a position, they may only be able to buy something that is not too significant and there are still quite a lot of things including basic needs that they still cannot fulfill, especially if they have debt, basically it is true that they still cannot get out of the pressure of lack of finances.

Yes, it makes sense, because at the age level of 28-30 usually someone has gained a lot of experience in the outside world, especially in the field of work, it is very possible at that age they can already achieve pretty good financial achievements or even have financial freedom. At that age someone must have gotten or utilized many opportunities, especially in the world of work, they must have been able to achieve an income that is sufficient or more than they imagined, because on the other hand indirectly the age of 28-30 is a determination for them about the certainty and feasibility of the life they will get, so it makes sense that at that age they can usually get the achievements they have been living since adolescence, and one example is yourself who has managed to get a better life, and I think on the other hand luck also has an important role in every person's life.

I would say that when we are talking about our day and age, a kid that is like 22-23 years old who starts working for the first time can't possibly have financial stability, even a normal life wouldn't be possible for them without debt. There are people who start working at minimum wage, and minimum wage is not financial stability.

I think a proper age would be after 30, because you would get at least two promotions by then, and that would mean that you could be somewhere around double the minimum wage, I am above 30 and I had good life so far and making about three times as the minimum wage and that's fine for me in my nation, it is certainly way more than I deserve, so I am very thankful for my boss, and living a good life, but I was very very poor at 23 years old.

Financial literacy is not a subject that we can avoid in our daily lives, and it should be taught to kids during their high school years, of course. Even if they start investing at an early age or not, it's not an issue if they get a good and basic understanding of financial literacy. I don't believe that "sooner is better" because, in my opinion, people can gain profits at anytime, irrespective of when they are investing. Even early investors can lose money if they invest in useless assets, stocks, coins, or whatever. So what I am trying to say is that investing early is not always the point; you can earn anytime if you have proper financial literacy. And teaching financial literacy at an early age is the real catch.

This is actually the part that got me nodding affirmatively. There's an old saying, "Make hast while it's still daytime."

Let me give an example of myself. While I was still in university, I had a group of friends who were living a very lavish lifestyle and partying more often. Some of them had uncles, aunts, and parents who were steadily pumping them with money, and what they did was spend it on things that did not really matter the most, some times they offer me to tagg alone, but I normally decline sometimes because if I go with them, I must definitely spend too. So, back then, in school, I had some savings, and I was just gathering up money to start up a business if I was done with school.

To cut a long story short, I now have my own business. I won't say I am very rich, but I am living more comfortably than most of my friends. I am earning more handsomely than most of those guys, and some of them have even relocated out of the city where I live because the standard of living here is more expensive than where they relocated.

Conclusion: My friend thought they would remain students forever or that they would continually be getting money from their relatives, but things changed after they graduated. So, partying comes after success (like you said).

The earlier the better on which there are individuals who do really make out those early decisions on trying out to building up something just for the sake of their future on which they are already thinking about
having those kind of independence on the time that they have really that realize that life is never been easy and they do really want  for it to prepare for it, specially they've been thinking that one day
they would really be making out their own family on which it would really be just that just right that they should really be preparing for it. This is why on the time that they would really be having
that kind of thinking then this is where they would really be starting on trying out to decide on starting on trying to built up that kind of goal.

We know that life is never been easy not unless if you are born with a golden spoon or came from a rich family then it wont really be that an issue but if you aren't
then pretty sure you would really be having that kind of struggling in your life which is something that we really need up to think up plans
and make steps on making ourselves better.

Yes right we should save money from early age, there are so many individuals who save their pocket money when they are getting education and when they grew up there is a large sum of money saved with them. Saving does not mean that do not spend a single penny and save all amount but it means that you should spend all amount instead of certain percentage which should be limited to saving only.

As early you save amount more will be with you so you can fulfil your big dream as well by this large amount. If a person is thinking that he will start saving from the age of 60 then I think he is on wrong way because we don't know that will we be alive in or after age of 60 or not? We should not think so long but do what you can do today as nobody have seen tommarow.

Starting to save and invest early can have a huge impact on our long term financial health. Even if you can only afford to save a small amount each month, it's still worth it because small amounts of money can grow over time if they're invested wisely. But the problem here is our risk tolerance at that age. Do you think at that early age, one can be able to manage and tolerate risk? Yes, it depends on individual but it's a big factor to consider before beginning to invest even as a grown person talk more of upcoming youths. Financial stability is more than just having a certain amount of money in the bank. It's also about having a reliable source of income and being prepared for the future. But the challenges people in that age range have is balancing the current needs with saving for the future. In fact, that age range is the most critical and challenging stage in human life because getting the right priority becomes hard. Is it looking for your own house? Further your education? Or doing investment? And unfortunately, the income is limited.