Bitcoin Forum

How do you define financial stability for yourself? Do you believe that there's a thing as too much money? With what kind of income would you be satisfied and felt successful, at least in the sector of finances. Is it the more, the better?

The subject of money in particular is controversial, speaking for myself, I'm working a regular job, getting paid above average each month, while also doing some online work such as signature campaigns and staking coins on various platforms. I'm making enough money to make ends up and on the plus side, setting aside a decent sum of money from my salary, as well as any other amount earned online, is set aside as savings.

While in particular, I'm pretty satisfied with the amount of money I'm earning, I definitely wouldn't mind earning 10% or 20% more, I'm not sure though, if I'd say the same even if I supposedly received the previously mentioned raise, which is falling to the category of, the more, the better.

However, the general idea is that I'm currently okay, if I were to pursue something in life, in terms of money and finances, it'd be to make enough money to make ends meet and have a decent amount of purchasing power, while at the same time, having a savings account. This is something that as a 23-year-old student I've managed, but I have a pretty long way to go.

What's your take on this?

I think Financial Stability can be measured using the simple metric of having enough NetWorth. If your Networth is enough that it could support your living expenses comfortably for the rest of your life then you are at the topmost level of Financial Stability called financial freedom. If your Networth is enough to support you for next few years then you are financially very stable, if your Networth is enough to support you for 1-2 years then too I would call you somewhat financially stable, but if your savings can barely support a few months of your lifestyle then you are highly financially unstable. But this thing depends upon your family size too, best advice would be to create additional streams of Incomes by doing different works this would ensure that you never face crisis even when one of your income stream gets hurt.

Financial stability should not be about our current wealth, it is about how skilled, smart and intelligent we are to turn our knowledge and experience into wealth. There are politicians that were wealthy in the past but later became not wealthy again, some gamblers were lucky and won big amount of money but later they became broke. If someone that was once a millionaire can go broke, then financial stability is not about the wealth we have, it is about how productive we are skilled up to.

My definition of financial stability is simple: If I don't have to worry about any of the mortgage, hospitalizations, vacations, and food for the rest of my life, that's financial stability. I'm not materialistic, nor do I want to be uber rich. I just want to live a comfortable life. Most of us define financial stability as having lots of houses, cars, and vacations on picturesque countries every year, while in reality being financially stable just means that you'll still survive even if you are to lose your job and remain jobless for quite some time.

Financial stability depends on individual perspective. To be financial stable has nothing to do with your income or assets. It's a measure of ease to which your total expenditure falls below your total earnings and a measure to which you have a left over for investment after all expenses have been done. I earn pretty reasonable amount each month but I wouldn't say I'm financially stable yet because my expenditure exceeds my income. Until I strike a balance I'm not financially stable yet

Stability and finance are words that simply do not match. The world moves, the economy moves and you cannot just sit on your assets and think that all is going to be fine if you are conservative enough about it. I guess that for me there is not such a thing as financial stability as life has taught me that it is the moment that you think you have achieved stability, something unexpected happens and changes the game.

The thing to understand is that "humans are insatiable" thus no matter how much money you have, you'd always naturally want some more, it's a normal human phenomenon, but that doesn't have any thing to do with financial stability. Being financially stable for me is being able to afford all your needs without having to forfeit any of them to get the other, for example you want to buy a shirt of $200, and also a shoe of $300, being able to purchase the two items without it affecting your funds for feeding or other things, then you can be said to be financially stable, it doesn't necessarily mean wealth or extravagance, it just means being able to get what you need, when you want to.

Not getting too much technical or deep about the explanation of what financial stable is, but in general, as long as we are capable to spend on basic and necessary things, while can also afford to spend on those unnecessary or emergency ones, without worrying about the whole money in circulation, that's what I called financial stability. Obviously, for that to happen, people should have a stable and fixed source of income.

With the pandemic happening, we now somehow realize what kind of business and investments are worth to risk some money as we saw those surviving assets and businesses that still dominate despite the pandemic. People can consider putting money on those as part of their goal to have financial stability.

We have the same take on this matter. Also, I can consider having financial stability if you have no debts to anyone. It is hard if you owe something from your friends or from the banks, as you need to worry about the payment for the debt. And yes, at least with savings that you can pull anytime, especially in case of emergency. We don't need to be rich to be considered financially stable, as long as we can provide our basic necessities without worry along with some savings, I consider it financially stable.

For me financial stability would be defined if you are able to afford :
1. Good healthcare
2. Good education
3. Child care
4. Care for the elderly
5. Good earnings
6. Investments
7. Savings
8. Overall idea about spending money wisely
9. Future Plans
10. Retirement Plans
Things like that would be financial stability for me personally. It's not just these basic needs but also extra savings for unexpected situations.

Financial stability to me means the ability to solve primary, basic and future needs without stress, you don't necessarily need to be very wealthy to be financially stable, truth is, the more finances you make, the more financial burden you get, nobody is without a financial need, so the ability to meet this need without having to forgo another can be termed financial stability.

If I decide I need a vehicle and a land, and then I can't afford the both at the same time, but rather have to make lots of savings then am not stable enough, my ability to do both with ease is what qualifies me as a financial stabled person...

Personally I think the level of ones financial stability also depends on their income, someone who works as a staff in a firm obviously can not earn as much the manager and so their basic needs cannot be met using same process.

You do not expect the staff to meet up with what the manager/CEO would at the same pace, it doesn't mean the staff isn't stable, it only limits his stability.

I guess you could define it as assurance that you will continue to have steady income enough to meet your needs.
To be honest this is gurantee for the "free" by faith that you will always have enough once you continue to be fruitful (by being fruitful I mean doing things that are good and useful to others, then yourself).

Enough provisions have already been made for the free throughout their stay on Earth. Once you realize this truth, you won't be too bother whether you are getting paid or not for your works, because you will always be taken care of to the extent that people who try to prevent this blessing could have all they have taken from them... the ones who genuinely bless you for your good works are blessed. It's just guranteed for the free.

So is what you earn now enough to take care of all your needs including health bills?

As a single person of 23years, you may not have a family of your own, that is no wife no children but you definitely have mother and father. Therefore is your earning able to take care of them? You can say someone is financially stable when they are able to take care of there need and those dependent on them at any time they are called upon. Also being financial stable is not about having enough of food and drinks to dine with but also able to extend to others at least some measure because if you don't have excess you may not give out if you don't have the spirit of giving.

In this world full of competition, specially for us the younger generation, I think I could settle for a 2K$ monthly income. It is much enough to have save for a house, provide food for your family, and save atleast 300$ a month. In terms of the question of believing in having too much, well human nature has always striving for much more. Unless you can buy everything you want and everything you see, there's no such thing as too much.

I guess this really just depends on your own personal feelings, and not so much feelings of others in "society".  Myself personally I would always like to be making more money than I am.  I've worked quite hard to get to where I'm at, at this point in my career so obviously making more money is something that is important to me and that I've been striving for.  Financial stability to me though would mean having a roof over your head, having enough money to pay your monthly bills, not go to bed hungry, have healthcare etc.

I think if one is financially stable, then that does not necessarily mean that one has a lot of money or investments. I believe financial stability relies on two things first and foremost:

1. You have income sources which are secured and cannot be taken away from you.
2. You have a money deposit (wallet) which cannot be frozen or taken away from you.

Number 2 is definitely reached if you are your own bank. Aka you own crypto in your own crypto wallet. The first one still needs to be developed a little bit but in the future I think most of our income will be crypto based, therefore nobody will be able to take it away from you.

As far as being rich goes.... I don't care about being rich. If you have a lot of money, you aren't rich, you're just a collector. ::)

No single human in this world needs billions of dollars. In fact, thats the kind of greed that could end the world. People shouldn't have that kind of power....

As for me, financial stability is living a comfortable life where you don't have to face chaos just to sustain your financial needs. It isn't about having luxurious things but rather being happy for your attainments where you don't have to spend most of your time working and you don't have to worry about how to survive each day.

In my own opinion, financial stability is capable for everything in terms of finances'. You have efficient sourced of income, with enough or more savings and can survive from any financial shortage.

What happens is that everything has a different idea of what this means, there are some that imagine a lifestyle with all kind of luxuries and for that to happen you need a massive amount of money, but there are others that are more realistic like you and are happy with a life in which they can obtain some luxuries and have some money to spare to save, in my opinion you are doing things right especially since you are so young, so I would not worry too much about it, just give it enough time and you will be way ahead of your peers when it comes to money.

There's no such thing as having too much money, at least for bright people. The more money you have, the more things you can do, build, create, and, most importantly, fund projects that match your vision. However, for stupid people, they can have too much money since they can't think of anything other than spending and consuming goods and services.

The idea of financial stability is also for workers who live from a stable paycheck of boring jobs. Productive people tend to earn more and more, and they see stability as a stagnation.

When you have financial stability, it means that you should be able to survive with minimal needs without needing to work. Of course it doesn't mean castles and best cars lined up and all that, I do not need that but if you could survive, like have a house or be able to rent one forever, have one car, even if a mediocre peugout one or something, have enough to pay for your bills and food and stuff and even maybe save some aside from future clothing, hospital, educational or whatever needs that you may have, childcare and such, if all of that is paid then you have financial stability.

But the logic behind stability suggests that if you are making an income, and it is stable enough, doesn't go up or down too much then THATS the real stability. Doesn't mean that you can pay for stuff, you could be both poor and also have financial stability at the same time, which is the worst kind of stability.

I live (and rent) with my girlfriend, and we're making ends meet without worrying too much about money. On top of that, we're managing to save a decent amount from paycheck to paycheck, while we also went on an 8-day vacation in September. Currently, I don't have to worry about a family as you're mentioning, it's just the two of us.

Financial stability is building a financial system that can function in good times and bad times. That a person can able to survive or overcome all the good and bad things that happen in the economy. That meets the needs of average families and  businesses.
That's a person who can buy house, car, spend for education, retirement, etc. They can easily manage their failures or losses. Is a part of financial freedom. In my persuasion financial stability is whenever we make any decision money should not be the concerning factor.

Earning above average doesn't mean that you are going perfect to secure your life to lead like how you are doing even after retirement because in almost all the countries, below average people are in more number which drags the per-capita into lower side. If you are going to reduce your requirements after retirement then your current earnings may match your requirements.

You must invest up to 20% of your earning into something which will be getting you higher interest than the inflation rate of your country. Otherwise, your standard of living may get affected after retirement.

Financial stability in my view is, earning and multiplying money in a way that we do not need to scarify anything due to inflation rate. At the same time we need to remember that stable financial level will upgrade us to higher standard of living over the time.

What I mean by financially stable is the ability to be able to satisfy all your financial needs, if you are able to get afford all what you need at any moment without seeking for any financial help then I believe you are financially stable. You must not have excess money before you can be financially stable even if you are having little.

Your life is just as mine, I also have a regular job which I do from Monday to Friday, and then my second source of income is online jobs, like this signature campaigns, and trading, and the rest of them. As for me, I think financial stability is when you are able to handle the expenses that are coming your way, you know,  like being able to take care of the responsibilities you have, such as taking care of your family and your loved ones. That’s really what I see as financial stability, because you don’t have problems that are really going to like be that serious to you.

As long as you’re able to tackle them, then you are stable financially. But it wouldn’t also be bad to earn more money, that’s what everyone is praying for as long as you’re going to be doing it The right way.

I am saving (or investing) towards financial freedom by building a stream of dividend paying stocks that automatically reinvest. It was Albert Einstein who once said that compounding is the 8th wonder of the world and it is very true. It start's off very slow, putting in as much as you can each month, but after a few years the rewards are amazing and start a massive snowball effect - gathering faster and faster as time moves on. The dividends paid out by companies along with your continual investment grows into a steady stream of income that you won't have to work for in future. Once that pot grows big enough it will mean not having to work (if I want) and that to me is what defines real financial freedom.

Financial stability is something that talks about from the word itself which is stable whether you do make out some investment or purchases then you wont

really be minding much whether you dont already have funds to use for other possible outcomes that could happen which only few people are really on this

certain state because not all are really that rich if you do ask me.When you reach out this particular condition then consider yourself to be wealthy
or somewhere on the bracket could be called rich people.

Financial stability if measured by each individual may be very different. I mean, someone with a steady income still can't have stability because of the amount of money they have to spend to cover their need. But if we have gratitude, it will be quite enough. A person with an income of $1K per month has to pay a loan of $500-$850 every month and the rest is to cover the necessities of life, do you think this person is financially stable? But when we have gratitude, stability will form naturally without having to force ourselves to fulfill a luxurious lifestyle.

There is no such thing as too much money. At least for most people. They have money, they will want more. There is no end to it. More like a race to be more rich than someone else. I would say someone is financially stable if the person has a stead flow of money (like from a stable job or investments with least risk), has no roof over their head, food and shouldn't have to worry about paying any bills (hospitals included). Even if the person loses the job, he wouldn't be in a big trouble and will have enough money to survive till he finds his next one. In other words, he doesn't have to worry about money at all.

For me, financial stability means:
1. It is enough for me to accommodate all needs for me and also my family, both for present needs and also for future needs or saving
2. I have savings for my future, my children education, and also health
3. I have a utopilot business
4. I have passive income even it is not high enough but enough for us

5. Could make out investments without needing up some loans
6. Have savings for emergencies
7. Could expand of ventures you are dealing with
8. Doesn't have any credit or loans
9. Buying things that you do want or like
10. Leverage/Passive income.

Etc.

Most would glance at wages, job status and career options to define financial stability.

But what role do governments, banks, job markets, regulatory agencies and similar institutions play in determining whether people can happily say they are financially stable?

Financial stability can be difficult or even impossible to obtain if the institutional side of the economy isn't well managed. As is perhaps becoming more relevant as further COVID policy is unveiled.

Wages, job status and career options can trend negatively under long term inflation, regulatory restrictions, tax hikes and similar negative economic trends.

If all of the above is true then true financial stability might be defined as a public that is informed enough to support the right economic policies, to ensure things like inflation do not persist over the long term.

Stability finances for me are we can fill our daily needs every month without having a problem, even if sometimes we have an urgent thing that can come anytime. We can also donate some money to people who needed while we still have the other money in our saving or cash. The important thing is we can fill our primary need for our lives and that is not about how much money we can have because that will be related to the grateful feeling, which we can not be described with words.

If we have more money monthly, we can use it for another thing to grow the amount in the next months so our finances become more stable and we do not feel a lack of financing.

I would define it as the situation I am currently in. I am also getting paid above average where I live. After a recent promotion well above average, and I also have other sources of income like you, and savings and investments.

I would like to have more money, I don't need much more either, but money gives you the freedom to do many things. But going back to what you ask, I would define financial stability in a personal way, that state in which your income/investments reach such a point that they become secondary.


In general, no, but there are cases in which they do, such as people who win the lottery or get rich very quickly and end up dying of overdose or bankrupt after a few years.

It is not in 100% of cases, but I would say that in most cases it is due to earning money too quickly, coupled with mental and/or self-esteem problems.

I look at financial stability as something as you don't have to worry about what you will eat tomorrow or for a long time. It's having the peace of mind that if somebody within your immediate family gets sick, you wouldn't have to worry much about where you are going to get the funds you have. It's almost as if you won't have to worry about sustaining the current expenses that you can incur with that.

There's certainly no limit to what you can have or gain with your financial aspect as long as you do the right things and do not step in other people's way. You got rich the right way; I think you will be happy.

It's all about health for me.

In fact, financial stability for each is determined according to his own well-being.
You are right as long as you are satisfied with the state of affairs such as a rented apartment and the absence of any things in your life, but at the same time you do not feel defective, you are happy.
But if you look at some people with a lot of capital and at the same time regularly worrying about constant profit, they, in my opinion, do not have financial freedom.
As long as we feel comfortable in ourselves, our financial freedom will remain stable.

When it come to financial stability I think we all have the same description or interpretation about this aspect and that is having a comfortable life even if there's a big problem that comes on way facing chaos is not that big deal. Luxuries and  leisures were inevitably become part of the lifestyle of a person that living a comfortable or with financial stability. In my case I think that I am still in the long way to achieve my financial stability.

Financial stability means for me to have some savings that gives me and my family security in the case unforseen problems arise. For example if I crash my car tomorrow and the insurance wouldn't cover anything, then financial stability means to be able to quickly get a new one. This doesn't mean to have all the money as cash invested, but rather the chance to take out a loan against assets like an apartment. Or in case of losing my job, then I need to be able to cover atleast 6 months without income.
There is definitely people with too much money on the world. All the super rich with more than 1bn USD is too much wealth concentrated in one person. I have nothing against successful people who earn a lot of money, but having more money than you can ever spend in a lifetime is wrong.
For me the mix of investment income and a monthly salary is enough, we should all be reasonable towards other people.

Being financially stable can be different for anyone and people may have different definitions of being financially stable depending on their situation and current financial level. For example, if you ask someone who is poor he will say I'm financially when I have enough money to eat food and buy clothes but everything cab be different if you ask the same question from people who are working as employees in a normal company. In this case, if you ask me I would say I'm financially stable if I have nought money per month to to buy normal stuff for myself and my family.

How is financial stability defined for you? - I'll answer this question and I would say that Financial stability for me is defined by following - Have you ever lived in Europe? In countries like Switzerland, Sweden? Or have relatives here? In these countries, there are min lower salaries and these min salaries are really enough for you to live okay, have the basic things and still some fun even if you pay the rent. Great health insurance, great auto insurance in cheap prices. If something happens to you, the least thing to worry about is money. 30 days total paid leave a year. Did you lose your job? Don't worry, the government will help you for a good time.
That's financial stability but at the same time I want to say that I am not big fan of European system, I prefer America in this case. You can earn great money in USA compared to Europe, rent is even better here, everyone in USA has bigger and better house compared to Europe. Just see, all the top companies and entrepreneurs are from USA, this country is more for people with greater aims and not for family-guys type of people, don't get wrong with me, I'm saying that politely.

One cannot be financially stable if he does not understand how to run his money.

My understanding of financial stability is that I would not anymore worry about my future, I have enough money to cover my daily expenses and all my needs, and probably my wants too. I understand that I can only achieve that if I have a profitable business that would continue to generate money for me. My ultimate dream in life is to be in a position where I let my money work for me. With that said, I'm hoping one day I'll be successful in my journey in the crypto space.

People who are able to stabilize their finances are people who do not like to spend their money on unimportant purposes. Many people manage their finances so that the money they have doesn't just run out, they are even able to look for opportunities to develop their money by investing and trading.

When you have enough skills and knowledge enough for you to have some income that will cover your expenses as well as savings and some investments as well. I think if you have this then you can consider yourself as "financially stable" already.

I think another definition that I can say is when money isn't your problem anymore. I mean if you're not having a problem financially then you can consider yourself as a financially stable. Well, different people have different perspective regarding this but I think there is one similarity in our opinions. That if you have enough money then you can be stable.

I think when we have financial stability, we often spend more miscellaneous, sometimes it doesn't have much specific purpose, it just seems to be a temporary lust because at this point, we are already so knowledgeable about our own finances, the petty expenses will no longer be so important when our financial resources are fully compensated and still stable. In theory and such visualization may make us feel that this path is simple but finance is one of the areas of risk, for example, investments and businesses always consume a lot of capital but sometimes there is no response

I tend to think that stability is when a person can balance their expenses, income and investments without causing any other financial problem. Saving without spending a lot of money on things that are not necessary in my opinion is not the meaning of financial stability, but saving expenses.

Well that's mostly true, I even said it myself, of course, and I wouldn't mind earning more money. However, I don't want money to determine my goals/future, on the contrary, I'm thinking of money as a tool to acquire what you wish and assist you in a better life. I don't want it to be my ultimate goal.
Well, as I said, I'm doing fine, for now. We can't determine how our future will be, but for now, I'm doing fine I guess. The goal I'm pursuing is to have a fulfilling life, I'm not sure on what degree I'm going to accomplish it, but at least I'll try.

Stability is only about managing finances with stability and being able to allocate the money you have where it should be. In a general perspective, of course, this becomes a reference for those who have long-term demands and can review the results at a later date. Therefore, several principles of managing a diverse economy make overall economic stability dependent on the adjustment of living conditions that support it. Is the need in the month above the average, or does the need exceed the salary you get per month?

If you're on the low end of the income spectrum, you may have difficulty saving because your expenses on basic necessities are equal to your salary. Regardless of how you look at it, both sides have a point, but I think it's difficult to save when you're on the low of the income because your expenses on those necessities are equal to your salary. But for me, financial stability means that your income does not fluctuate, and your expenses do not fluctuate as well.

I have to say in a middle class type of situation it all depends on one thing to go wrong. The past 2 months have been one of the biggest earning months of my life and it was also one of the highest spending one at the same time. So that means if you have a great life that you are sure that you could save aside if everything goes right, it could go wrong all of a sudden, one sickness, one technical item broken and so forth and suddenly you spend it.

My PC is basically "broken" it is kept safe with horrible stuff basically and it may never work very soon (or just replace some stuff and hope to start again), that means I still have a lot of things to pay let alone the ones I already paid for because of some hospital stuff. When you look at the income I have, it is a high level for the nation I am in, it is really good, but at the same time it is not enough. Stability is not something that is guaranteed, if you have something unexpected, it keeps getting drained.

To me I would say financial stability is being able to afford the basic things of life and have extra to afford some luxury items whenever they are required, like the @op said, this topic is quite controversial particularly because different people with the different perception of this, some would prefer to have loads of money to be satisfied and others will be satisfied with the little amount they have

Yes, I agree that financial stability is something which is like we are not getting suffered by inflation over the time. But, if you are getting paid from your regular job then your salary will increase along with inflation rate then you never need to worry about financial stability. In this way financial stability must be a concern for business people and for freelancers and for all the people who are having inconsistent income  stream and there will be no hike against inflation rate.

Bitcoin is a deflationary currency hence it will help if you are saving it for lifetime to fight against inflation even you are not having a regular income stream or your income not increasing along with inflation rate.

Unexpected situations do really happen in our lives but doesnt mean that we couldnt really able to handle that if we arent that financially stabled because this do simply means that you do know on how to allocated up your funds on particular conditions.

When you do have this kind of mindset then those unexpected spendings or expenses will really be just covered up because you had already prepared for that and thats the beauty on having this kind of mindset on where you should be prepared on everything.

Not only talking with expenses but also on how to you earn income.You would be finding lots of various sources as much as you can.
You wouldnt really stick out on a single source.

stable is when you get something for the first time until the end at same portion. financial stable, when you get thing called money and you spend for your daily, just for daily needed, without anything, and you have the rest for your save storage.
doesnt mean if you have big salary will called stable, because we dont know how much we can earn in next month.
the other thing that make us happy, though we dont need it is different. because financial stability for me is how much we spend just for daily supply.

In my opinion i think that there is no such thing as financial stability, with the current age and time and with how we are constantly having these economical issues and with the constant inflation of the fiat currency it is difficult to be sure whether you will have enough, especially if you are getting paid just enough to pay for the bills and what not, so i feel like it is critical that everyone should be looking to always keep increasing their capital in one way or another, whether that is seeking jobs online or in the real world, because having that extra income can really help, and certainly for me i feel like having to seek it i allowed me to try out different things and all kinds of jobs and it lead me to find out about crypto and bitcoin, so even if we can't reach the point where we are completely finically stable we at least it is making our life more meaning and keeping us active in the search to reach it.

In my opinion, financial stability is getting to a place where your debts are low in relation to your income stream.

It can look very different to different people because we all have such different spending habits and lifestyles.

But the point is not being burden by your debts and/or not making enough income to support your lifestyle.

Financial stability for me is to live comfortable and to have a job that can sustain me and my family in everyday survival in life without any financial problems and ofcourse debts, plus having some nice 2-3 passive income or source for our family's wants, needs and incase of emergency we won't have to worry about the financial aspect. And ofcourse to sustain any lifestyle we want.
I mean, frankly, we all want to be wealthy in different terms that can sustain our daily needs in life. Sure, we differ in a lot of aspects in life but in the end, money is indeed what we need in order to survive this harsh world wether we like it or not, that's the reality in life.

I think financial stability is determined by needs and wants, many people buy things that are not important or there are alternatives that can be used, this is what makes their finances unstable. being able to control desires is important to make our finances stable.

For me financial stability doesn't mean a pile of money. I am satisfied when I have enough money to pay all my basic expenses, to spend some on entertainment and to invest some (10%-20% of my salary). My aim is to make such a passive income that will provide all my monthly expenses. This will mean for me financial freedom, so I will work only if I want and all additional money I will invest to have a bigger passive income.

You are trying to emphasize the importance of saving and I agree that saving alone will make one richer rather than how much they are earning. Saving without spending for unnecessary things will definitely help anyone to achieve the level of financial stability regardless of how much they are making for their living.

This sounds like concept of socialism but capitalism is suggesting you to dream about more so that you will earn more it is like you must feel like you are not having sufficient earning so that you will go for more opportunity to earn more to get more financial freedom.

To me financial stability is more of a long term thing, for example - having a job that will still be in demand in 20 years, have passive income from real estate or other safe assets. And of course the amount should be enough to cover basic needs and some extra purchases.

Financial stability is also about being resilient to economic crisis when it happens, and as history shows, they do happen regularly, so in a lifetime a person would experience multiple of them.

Well, having financial stability does not literally mean that you have a lots of money on hand. For me, it simply means that if i can live my life the way i want without money pressures, then i can call myself financially stable. And even if i don't have to work hard to provide my family needs for their survival, at least i have good resources that creates an income, then its financial stability. And yes, making passive income from my investments will always be a good factor to have financial stability today and in the future.

Financial stability is a prime parameter which needs to be carefully handled because this only will define how we are going to lead a comfortable life based on our main income stream and savings. So, planning up anything in long-term only will help anyone to achieve the level of financial stability.

Unfortunately people are considering their current situation and if it is stable then they are assuming that they will lead their life comfortable for the rest of life. But, they need to consider the inflation rate so that they could plan up for long term.

Any plan for financial stability without considering the inflation rate will definitely fail.

I think you are right, financial stability is about being resilient to changes, and things can change pretty fast! I guess the only way to be prepared is to diversify... to have something from everything, so when the "weather" changes you have something valuable for trading! And for sure you are right that in a lifetime each of us experiences multiple crises, so it's always a good thing to think ahead! Of course, saving for rainy days is possible only if your income is higher than your expenses! And many people in the world struggle with that...

More or less my definition of financial stability is the same as what you have described,
In living life financial stability is really very important, especially in today's era,
Of course it is not easy to achieve stable finances, it takes more effort

I think financial stability is between income and expenditure can match even income is greater than expenditure, to be able to achieve financial stability of course we have to learn a lot and invest in various types of promising investments, and I am currently investing in stocks, mutual funds and cryptocurrencies to be able to achieve this. financial stability before I was 35 years old.

I'd say the ability to adapt to the upcoming changes is possibly one of the most challenging skills of our generation. The world is rapidly changing, and we already faced it with the Covid-19 pandemic, or with the financial crisis in 2012, while there are plenty of other noteworthy incidents as well. On top of that, and this conclusion is stemming from my nearby environment (friends, colleagues, acquaintances), not all people are capable of saving money. Not because they are not earning enough, but due to their inability to handle their finances.

To me financial stability is what I called real wealth you know, having most of your money secured in investments all around the globe either real estate and others like future technologies, this is true definition of wealth which is far different from been rich

https://www.youtube.com/watch?v=rJjKP8vYjpQ

This is financial stability. This is the best case that you could hope for. If you watch this, and "really" understand what it means, not really take it word by word and do that but get the idea of it, then you know what financial stability is all about. If you are comfortable but still need to work a bit to cover your expenses, but have the position of fuck you, then you are fine.

I do not need millions of dollars to feel financially stable, all I need is 100k or anything like that, could be higher could be lower I did not calculated it to be honest but that is all I care about. This means that if I am working and paying my regular stuff, and then have a side investment that covers any unexpected stuff that might occur, then I am fine. Think about it like 20% more salary for you, that is the type of stability you should be aiming at, whatever you salary is, your investment should yield 20% on top of that (number could change from person to person and nation to nation).

The point is simple when the needs in your life can be met properly without the slightest obstacle even your desires are easy to obtain even with savings and so on.  Because, the main factor of financial instability in a person's life when he experiences problems in meeting his needs such as housing or to eat.But for those who are already rich, it may be financially stable when their wealth does not decrease and even increase.  It's already a different thing again right?

For me financial stability is more free money. I mean there are a money that i can use freely beside my savings, investment and any other assets. I think financial stability for people mostly about how much money that they have, although maybe some people said that not much money but they need to fulfil their needs first and of course not only that, they need to gain happiness and that need money.

Stable property means freedom of wealth, no loans, no money owed to anyone. You can invest in the projects you want to invest in to ensure the living standards of yourself and your family. No money pressure. There will be a stable fund income every month. Fund income is greater than expenditure.

so far I have worked, saved for our future and built a small business and now it has gradually grown, it's up to us how we can make our own investment stable.  save to invest more than I do whatever I get now make your life stable just because of our stability

It is widely known that the more money is earned the more money is spent by people, which means that someone that earns above average money is not really financial stable as now they have a huge mortgage and they have to pay for other stuff they bought on credit, so to me one of the most important things we must avoid is to buy things on credit, if you can avoid that and still save an invest money then sooner or later you will reach the financial stability you were looking for.

The needs of each person are defined as limitless, the expenditure is not within the norm of worry and calculation.  Allocating budgets for everything is also a good way to gauge “financial stability.”  Of course, the flip side of that is the purposeless cash flow called borrowing and face up front.  I feel like working, investing in a store, investing in the future in bitcoin, earning, maintaining, a substantial level of income for the average person in my country.  It was a normative stabilization.
Of course, the more money the better, but it's best not to let it awaken ambition and lose control.

Well having more than what you need and could still live even with high inflation means you have a good financial stability. Even if something happens, your financial status will not be affected and your needs are still met. Financial stability for me is about how sound your financial status even after a tragedy. And you can just obtain that by saving. Having investments for the future and having high passive income. Can be through crypto or your businesses.

I define 'financial stability' as having to provide for yourself daily without any problem of sustaining yourself. In addition to sustenance, you have extra resources that you could spend on to your hobbies and passion without even thinking twice.

I do think that there is a thing that as too much money especially if you transcended to the levels of the people in the 0.1% super rich area where they own at least everything. To be honest, I would be satisfied if my income can sustain my monthly obligations, plus I have extra resources for savings and for my hobbies also. Though some have stated that 'money cannot buy happiness', it definitely can especially if you are someone living in a third-world country!

I can have financial stability with any amount of money, even the minimum necessary to survive. Financial stability just means I have to respect my financial limits, never spending money I don't have or that I will miss later for emergencies.
 
Being responsible with your money like I mentioned, you will be able to grow your savings on long run, earning more and more money (from passive income) each new month. So you can upgrade your life standard step by step as time passes, always respecting your financial stability limits to not compromise your progress negatively. With the correct mindset and with access to the right tools (bitcoin), everyone has a chance to thrive, doesn't matter how much they make in a monthly basis.

Your definition of financial stability sounds like you are emphasizing about the importance of saving money for better future. Different people must be having different opinion and hence I just agree with you because without having enough money, we cannot think about a stable lifestyle so saving is more important to think about financial stability.

Always having some income stream to lead our  life stable could be defining what I feel financial stability should be like.

Yes, to not be able to save some money at the end of the month means the person doesn't have financial stability, so savings have a very important role in an organized financial life, that is the key for improving life quality while being responsible at same time. Maybe in some cases the individual can manage to have stability, but spending everything he earns, what means he doesn't save anything. The problem with this approach is that he won't be able to fulfill any long term goals in his life. It will be eternally "tied" without any development.

I've got a credit card as well, however, I believe that they are a great tool, if you know how to use them. Mine is pretty limited due to being a student (I'm now considering applying for a higher credit card limit), I mostly use it for gas expenses (it gives a decent cashback on each transaction) and bills that can be paid in interest free installments, such as, car insurance, taxes and so on.

I think in the same way, many people think of someone rich when they think of those terms, but the truth is that someone that may seem to have everything on their lives as they have a nice house and a nice car may not have financial stability at all, and if they get fired they could be on the streets on a matter of months, while a person with financial stability could get fired and they could withstand this condition for years.

I think financial stability is that our money or assets can increase as planned, of course this is everyone's dream to be able to achieve financial stability, especially during a pandemic like this that makes it difficult for us to earn an income because many businesses and industries are dying, an easy way to Achieving financial stability is investing in many places such as stocks, gold, property and the current trend is cryptocurrencies.

I do not believe that you could simply save enough money to have financial stability in this day and age. You really need to invest with that as well. This is why I save some aside, and use that to buy crypto as well. Otherwise, how much could I save per month? Even if I save up 100 dollars per month which is a lot for where I live, that would be still a huge amount and not enough, that would be 1200 dollars per year and 36k dollars in 30 years. Imagine working for 30 years, saving more than 1/3 of your nations minimum salary, and still not making enough to retire.

This is why I can't really make any kind of saving be valuable for me, it is just not enough. However in 30 years, if I could 100x that, which as we all know quite possible in crypto, we are talking about 3x more time in crypto then it existed, a whole 30 years, 100x is quite possible. In that case your 36k suddenly becomes 3.6 million dollars and that is WAAY more than enough to retire.

Everything is planned or should be planned because you wouldn't really achieve or acquire this stage of financial capacity if you don't know on what you are doing specially on handling out your finances.

If those money came from inheritance then you should plan it well and diversify it on different business to acquire leverage income and wont really that depending on having no source.

Financial stability means that you are capable on making out decisions and do all sorts of things which do tied up with financial decisions in life.

Everyone certainly wants to be in the financial stability zone so that they can meet the needs of life and of course create prosperity, but it is not easy to achieve financial stability because there are many unexpected things in life that make our finances often disrupted, for example due to illness, pandemics and so on, and other things. What we can do to achieve financial stability is to dare to take risks by investing.

Stability is even there's a financial crisis, you're good and off to survive with it. You're not problematic even if something like that comes because you've been prepared a long time ago before it comes. And the definition of being successful and satisfied is subjective but to me, it's about having a continuous cash flow and income and all of the sources are stable. But if they're all coming from several businesses, I'm expecting not all of them to be stable but at least, they're still giving me that much cash flow.

Financial stability, in my opinion, is the state where all basic needs (i.e., food, shelter/rent, transportation) are not immediate problems for you and you have the capability of not working for an x amount of time without being stressed.

Most "poor" or impoverished individuals are just those who don't have safety nets in place and are living in a typical disadvantageous economy that abuses this hierarchical divide.

There are some jobs in the world that will make money even when there is a pandemic like global issue. Look at Amazon, they made a ton of money even during pandemic, why? Because, their job is a lot better in the world that is in crisis. Of course shipping companies and such made a good amount of money as well, even though it was a tough one to move from one nation to another, or use ships, it was a lot better if you were doing in within the nation itself.

For example, logistic companies that dealt products from amazon to people, those were making ton of money as well. What can a person do to achieve such a situation? We can't start a new amazon that would be as big, or starting a courier job is not easy neither. So what we can do is work on ourselves, build a better CV and find jobs globally and remotely, that way we could make a profit even when we are at home.

May god bless us all with something like that. However, I have to say I am doing fine on that front and still not feeling stable at all. I can pay for my bills and I have one car (even though it is not a great one lol) and can get food etc. So basic needs is covered for me, I earn enough for that, and yet it is not stable enough.

Imagine a world where you are only capable of paying for the small stuff that is seen fit for you, just the basic needs for living and nothing else. I can't go to movies, I can't buy games, I can't get a new TV when old one breaks, I can't pay for hospital when needed so go to free clinic and wait for months (at least that's like that here) and many other stuff. I have to say having enough money aside so that you could live a decent life and be stable starts with at least 4-5 thousand dollars where I live, a lot more in more expensive nations.

For sure there are jobs that the pandemic couldn’t affect. During the pandemic lots of jobs, even the ones that we least expected we’re going to generate a lot of income generated so many incomes. I remember that people who owned tissue producing factory were able to make lots of money during the pandemic, because the situation needed such and also hand sanitizers and the rest of them.

Amazon grew bigger during the pandemic, they were able to generate a lot more income because a lot of people had to rely on shopping for their needs online and they had to make use of Amazon.com. That’s why it’s good for people to think and expand their business in a way that if something like that should happen, they would also be able to continue making income.

Financial stability, I think that can be established when you have different sources of income and not just when you are having one source of income. Although you can still make lots of money by relying on one source, but to be safe, you need to have other sources of income.

In one way or another, everyone is affected during a pandemic, it can be both negative or positive result. We live in the age of technology, most people are ordering stuff online, and especially now, with the quarantine measures and physical shops closed, it was expected that online shopping would boom. Moreover, the demand for electronics rose dramatically, with schools and universities and most public services closed, everything had to be moved online, skyrocketing the demand for computers, laptops, tablets and so on.

I can almost agree with your definition with financial stability but I think that I have to say that the capability to not work for x amount of time isn't really a choice if you want to make it a factor for being financially stable, if you're financially stable then you don't have to worry about working. The saddest thing to ever happen in my opinion, the unequal opportunity and discrimination of the poor by the people that thinks that they're higher than them, hope that this generation of adult teach their children if they have one to destroy the pyramid that's been plaguing us as a human being.

This is like the textbook definition of financial stability as it quickly summarized its most basic and essential condition- which is having enough money for one not to be stressed. Unfortunately, most third-world and underdeveloped countries suffer from financial stability of its individuals as majority of its population are below the average median household.

Although financial ability may be relative depending on the cost of living per country, the general rule is that a person can live freely without having to worry about his/her expenses while meeting his monthly obligations.

stable finances in my opinion, when you want something you don't think about whether there will be money for tomorrow if you want to shop for today's goods
but sometimes humans are not satisfied, so for financial problems it is never stable

Financial stability to me is being at that level where you can afford more than your basic needs, a position where you will be able to enjoy some good things in life without having to worry about your account balance, that includes having a steady income stream or having some valuable investment that generates a reasonable amount of income,  it also means you work less and still very financially sound.

Congrats OP on keeping the thread alive and there has been some great advice in here. From, "I live in a poor country but need 3;6 million USD to retire" to "Own your own house, have a couple bucks in the bank, dont drink". Lively discussion indeed.

One thing I would add is that financial stability depends a lot on where you live and that is something you should be open to change if you are 23 years old. If you are in a country/ jurisdiction with great public services then you may be well off without having millions of dollars in the bank and would just be living an enjoyable life in a safe setting. The desperation for the millions comes from a history of instability and insecurity. We have all been there or have heard of stories about someone close being in that situation. When having money would really have made a lot of difference for them.

This becomes less important if you are in a great society and have a close bunch of people who will look out for you as well as you look out for them. Thus, on top of financial stability, I think everybody should give thought to deciding a place they think would match their aspirations and desires and then try to own property, preferably land there.

I would be answering the question accordingly
+ I would think financial stability as an extent/level where I can actualize or rely on myself economically, monetarily and this doesn't mean it it's surplus.
+No, but there are financial success that soothe people or one it's placated by
+ My financial happiness is not in numerical or percentage of Fiat, Bitcoin or crypto-currency, but the prosperity of those that depends on me for finance, -familes, friends and or those in need-

When you start looking more than your basic needs then I believe you will never able to attain the level of financial stability. Because, human emotions got no limit and it will always push you towards being greedy. In order to achieve the level of financial stability, first you need a clarity on what are your basic needs so that you will financially meet them initially and then you will try to maintain your financial stability which is more difficult than meeting the needs at very first time.

I mean you can earn a big money once or twice in a year but you cannot achieve a big success throughout a year.  But, financial stability is all about your consistency in money making hence it will be possible once you are definite about your basic needs.

Financial stability in my opinion is when I don't worry about how I'm going to make money for tomorrow

stable it means nothing less or more and whenever we need money, we have money in hand stand by

I am currently unmarried and will try to stabilize my finances until I get married so that my partner and I will not run out of money

Your point is making sense but when you are earning only up to some level you might need to struggle but after that when you are planning up for big things after you are achieving your basic needs then that will not remain as same kind of struggle.

It means only for basic needs we must need to struggle and not for luxury things. And in my opinion the financial stability is all about having all the basic needs in regular manner and on the luxury things you can have some time and may not have in some other times. So, you may keep on adding your needs regularly still you can lead your life under a comfortable zone.

this will certainly be everyone's dream because almost most people hope their life is like this.
but it takes sacrifice to get it and not everyone gets what they expect.
You need at least careful planning when you are young and don't really waste the money you have.
because indeed things like this will not happen if you live as you like without thinking about the future.

I would say never working is not a required thing for stability but it depends on your understanding of it. In this day and age not working ever again is a very risky thing, why? Because having a million dollars looks like enough for me to never work again (I do not live in an expensive nation), but in 40 years maybe that would be a small amount? How should I know? So never working again would require you to actually know how much you would need with precise prediction.

This is why it is either very hard to say a smaller amount to decide, or you have to say some super high amount. Since I do not need 10-20 million dollars to decide on anything then I just had to say that working would be a lot better. I do not know if crypt0m4nia agrees with me or not, but this is just what I believe, having good amount in the bank and try to work on a job you like.

Of course, if you aim for financial stability in the future, you should know how to save more and spend less particularly for those unnecessary things in your life. For me, financial stability is being stable with your finances and you can easily cater to all your wants and needs without worrying the bills because you have that steady income from your different investments or resources that keeps on generating an income. You need not to worry for emergencies if they arise unexpectedly because you have the funds intended for that, and you have your own savings account that keeps on growing from the profits you earned from your investments.

I will have financial stability when I have a reserve of money that I can use anytime if needed without having to borrow from other people or bank. There are times when income and expense become unbalanced depending on the need at the time which requires me to use spare money to cover the lack of money that I have to spend. This is what is meant by stability because at a critical moment I still have spare fund to use without giving me additional problems such as debt burden that I have to pay.

Even if you invest in bitcoin and cryptocurrencies, you should also have spare money to use in times of need without having to sell your investment asset. If we do this then we really have good financial stability without further problems when we need money. Therefore, make it a habit to save some money for a reserve fund.

This is a problem that is hard to avoid. it's true as you said at least if we want our financial stability in the future at least we should be able to save money and set aside some of the money we have for investment.
but indeed this kind of thing is easy to say but hard to do for me.
this is indeed a bad trait that I have and indeed can't blame others for this but it's very difficult for me to do that

For me, being financially stable is when you are already financially independent - no more debt, can survive a daily basis without the need to work for it, and has a secured amount for the future.

Personally, I don't want to spend most of my life working in a company I don't own. I want to achieve financial stability with help of my skills, ability, and strategy. I know it won't be an easy task though. Surely, this would take a lot of effort, time, and resources to achieve, but definitely, it won't be impossible. Nowadays, it's really hard to earn money, hence we should not be complacent about our current earning status. It's not bad to look for additional side hustles that could generate you more income as long as you can still balance your time and give quality works to each of your hustles. We need to prioritize needs over wants. This is one of the keys to being financially stable - self-discipline. We must learn to restrain ourselves from buying the things that we don't really need, and instead allocate the money to our savings or investment so it could profit as time passes by.

Being financially stable for me also means securing my retirement fund. I want to fulfill it as early as possible so that I won't be thinking about it later when I have a family of my own. I want to have it to secure my future and to not rely on my children for money when the time comes that I'm of old age, I can still buy and do what I want.

Fo me financial stability is a situation, when my income during one month is greater then the expenses I had this month, combined with a feeling not resisting buying something. But all these wishes must be in limits of being realistic. You can wish to buy an island, when you earn several thousands and due to that dont feel financially stable. In short, when I had money to buy enough food, pay utility bills and other necessary bills, I would feel financially stable.

I'd say the idea of financial stability varies from person to person and varies through a person's different stages in life. For instance, financial stability in your 20s, 30s, and 50s will differ. Where a 20yo would associate financial stability with being able to pay rent and have some extra money for spending within reason. However, a 30yo might be starting a family or even thinking of buying a home so those stability goals tend to move. I'm in a spot where I do have my ''20s'' expenses covered, bu am setting goals further down the line that definitely disrupt current financial stability.

For me I will define financial stability as been able to conveniently provide for the basic amenities of life;food, cloth and shelter. Currently my salary is not enough for me because of the inflation in the economy of present thank God for bounties in this forum that is what I do and I get paid for signature campaigns mostly, so when I need some cash I cash out some of the accumulated saving from the bounty.

Each of us will probably have 1 answer based on his current financial ability. Currently I have the responsibility to provide for my family where sometime I have ups and down in term of finance. I was a manual laborer with a salary of less than $100 per month in the past, this often made it difficult for me to achieve financial stability where sometime loan were the last solution to make end meet. But in recent years I have had a job where it would really help me support my family and also have the opportunity to invest some of it in gold as well as crypto.

I can achieve a sufficient financial level at this time to meet my need and also invest, this is one I mean by financial stability where I do not have to always be in debt to meet my daily need. So far the btc paid from the campaign has also helped me a lot where I have managed to save most of the money every month on investment.

Thank you for your kind words, it's interesting to see other peoples' take on financial stability, which could potentially redefine how we see other things around us.
Likewise, I hate debt myself too, last year, I was considering buying a more expensive car than I bought, by getting a loan. However, I changed my mind and paid cash in advance, and bought a relatively cheaper car. I'm too young (23 years old) to be going in debt and paying interest for a car which might settle me in a job I don't like doing.

This is something very difficult, since it is quite complicated to calculate how much may be needed to spend according to life, more knowing that each time things happen in very different ways, many fundamentals that are those that influence our life, such as life pandemic that forces to generate expenses that were not within budget, many Bitcoin fans say that with only 0.001mBTC is enough money to live a lifetime in the future, I imagine that in the future BTC may have an approximate value of what you calculate PlanB, approximately $ 400k or even more, if it is this way, it is very likely that that prediction will come true, and if so, I believe that many may have reached their financial stability.

I second that, and I feel it's very important for individuals to try as much as possible to have more than one investment and skill, people who are rich hardly have one source of income/wealth, if you want to strive to be financially stable/dependent, then a lot of responsibility fall on your shoulder, you need to study about diverse investment opportunities and harness a few of them you believe in, but that must be after you've done your research, and you must ensure that they are viable and you're not investing more than you can afford to lose. Learning a different skill from the one you have is also another way to earn extra income and by extension, financial stability, if you have more than one skill, then you can offer more than one service, thus expanding your horizon, the thing remains that, to attain financial stability one has to put in sufficient work/effort/dedication.

Afford on something which you would really like to buy on without minding that you would be having no funds left at all on which i do really consider to be financially stabled.

Not only on buying capacity but also with investing capability because we do know that this one still requires some funds which everybody doesnt really have always the chance.
Reaching out this state on which you are capable enough on doing things in terms of financial isnt something a state that could be acquired so easily.
It would require lots of hard work and effort of course.

Of course. Financial stability has its own process and will not be realized overnight. We should still endure lot of hard works and sacrifices before we can achieve financial stability. It may mean saving most of the time so you will have something to spend for in the near future.

Financial stability is a state where you can say money is not a problem to you anymore. And considering that your money keeps coming all the time from your different revenues, so definitely you can afford all the luxuries around you because you have a good source of income. And being financially stable does not even require you to work anymore because you know your stable enough to cover all your expenses and pay your bills anytime and anywhere.

Financial stability of a person is a state that you can get whatever you want not only that but when large investment has been made which serves as a means of your income you won't even think about the price of the things you want to buy if it is costly or not because the money is there. Being stable financially means haven enough of the usual a person of such level is expected to be balanced and this is achieved through hard work
All success is achieved from hard work in other to maintain it and make it stable we invest largely

Financial stability is the state of being a financial freedom where you would have a steady financial flow never to run down of your financial status.
This financial stability can be of a low or high level of financial status which remains a constant.

The more is always better if not it is as settling for less.

A lot of money of whatever highily number or huge amount can be depreciated by just extracting a number and if continuesly extracting you would have a zero number/amount at its end.

But the more money you achieve and the more you extracts has a tendency of rising or falling depending if you earn a higher money or low and the number/amount of extractions.
So it's so advisable to cut your cost considering how much you earn.

No amount of money is ever enough to have you a relaxation of mind because the more you earn is the more plans of expenditures ahead of you.

I would recommend real estate investing for a long term investment due to its management systems and lesser tax free because age would count when you have to limit your pursues for money.

Most people seem to be happy having a steady job and being able to pay down a mortgage through their lifetime, however it seems like a very slow way. If you've got a family then that sort of stability might be required, because you're less likely to be moving around or chasing a job anywhere else. However I think you need to be earning and extra amount, building up a buffer that can sustain you and maybe allow you to retire earlier than other people. Some are happy with hustling every day and others will be content with a simple 9-5 job. I am putting all spare cash into the stock market because dividends can give you a steady and compounding return over a few decades.

To me, Financial Stability is achieved when you get into a point in your money journey where money is no longer going to be a problem for you. You could comfortably buy anything you want or finance anything you desire like a new car or a house without getting negative'd, and most of all have something for yourself when shit hits the fan and you lose your main source of income. Most people think that to be Financially stable you had to be filthy rich, without knowing that there's pseudo-levels to it lmao.

• Financially-Free: Able to get what you want without worrying about your utilities.
• Financially-Stable: Able to support whatever you want, while remaining secure for when times get rough and you lose your source of income/profit.
• Financially-Capable: Get wealthy and be able to virtually anything that money can buy and more, and still have enough to buy the same kind of stuff over and over again without becoming poor. It also helps if you have an immutable money-making source/plan that's helping you with lining your pocket everytime you make a purchase!

Well, not everyone gets financial stability by working hard, though it does work out most of the time when you work really hard, it often doesn't work out and you stay where you are even after working hard for so much time because your destiny also plays a great role in that. If someone isn't destined to happen with you, it wouldn't, so just like that, when you are not destined to become successful and have financial stability, no matter how hard you work, you won't be able to achieve that.

And some people tend to get financial stability without doing anything, it is simply inherited by them and these are the luckiest people in the world because they would never in their lives have to work hard to get anything as they already have great wealth and businesses and stuff running already.

Being financially stable doesn't mean you need to have too much money. That's why it's called "stable" because you have enough money to support your living expenses, being able to afford your basic needs and wants at the same time. You don't need to have a lot of money to be stable. As long as you're living in a comfortable life and you're contented.

We all have different standards of being financially stable since we all have different standards in life. But for me, I can already consider it stable if I'm living in a comfortable place, being able to buy foods and stocks without worrying about how long will the supplies last. Also, being able to treat myself and the people around me without worrying about spending on it.

In my opinion, financial stability is a condition that makes us comfortable with anything, there are many things that we always need so that it must make us think smart to get a large and stable income, and in my opinion, financial stability is without working even if we experience bad conditions, for example not working, sick and others, so we are still stable and not short of money.

Financial stability is simply a state where you are financially fit to provide for your daily and monthly expenses without thinking too much about the cost.
Financial stability is have enough or more than enough to cater for your family without having to touch your savings.
And this days it has become very difficult to be financially stable, the situation of the economy is not friendly at all, only few people are free financially, and the remaining are just struggling.
No job even does with job are still not stable.

I would be satisfied with a good salary that allows me to save and in addition to that, make investments to ensure my future. Currently, I do not have a good salary that I consider optimal for satisfaction. With the help of the campaigns carried out on this platform, the outlook surrounding my economic situation has improved a lot but I feel that it is still not enough to say that I maintain a successful financial environment, and that is why I continue working on it, so that one day everything will be different and i can rest assured that i did not lack anything. And of course, when I achieve this goal, I would not be satisfied because, if I have the mentality that more is better, it all has to do with money so you have to continue working to prevent it from diminishing completely.

I like that standard, as long as you have a comfortable place to live and you have supplies that you can consume whenever you need, and with the money that you don't need to worry when you spend some for enjoying your life together with your love ones, like what you mentioned we do have different perspectives in how we describe being financially stable.

Though it's better if you have lots of money and for sure that's a concluding part when you have a huge amount of money that will support not just you but everyone around you.

Financial stability differs amongst people and I can count myself as stable if I can meet the basic necessities of life without having to worry much. Naturally, as humans we tend to not be satisfied with money, and I feel that's the motivating factor behind steadily grinding our asses off so that we can get that little extra.

Financial stability refers to the ability of someone to get hold of some basic stuff, just like what he wants or needs not necessarily much with money without the assistance of anyone, when you are capable of solving financial problems within your reach at ease.

Note, being financially stable doesn't mean that you are rich, it just means that you can make basic provisions for yourself.

Signature campaigns have been a great help as well. I'm saving every single satoshi I earn, hoping that in the future, my minor Bitcoin savings will be worth a lot more. On top of that, the forum provides the ability to acquire more knowledge and socialize with people with similar interests.

Although I'm also quite satisfied with what I'm earning and my financial situation has tremendously improved due to the signature campaigns, I still wouldn't mind if I managed to grow my income even further. I'm not sure if it's about greediness; it certainly is up to some degree; however, depending on your character, some may see it as setting new goals and accepting new challenges.

For me, financial stability means that even during inflation I am not going to be worried what would happen if my employer lays me off because I know that I can be able to sustain myself and family for at least 12months without any pay. Financial stability means for me that my side hustle pays comfortably for my needs and function of the salary for my main job is just for savings.
There are people who enjoy financial stability because they are able to retire before 40 and never work a day in their life anymore.

For me right now the finances are just in the middle because right now life has many priorities, I can only say it's stable if there are good things that have been given to it such as businesses and online earnings but for now it's just work and sidelines first will be my foundation to build stable finances. Then starts small amount until it grows, then when there is a strong financial foundation, I will study what needs to be done to improve it.

financial stability keeps people from having problems financially because apart from being good at managing finances, their financial reserves and sources of income are well established, so that the needs needed can be met along with financial reserves for unexpected needs. for me achieving economic stability is very important as a gateway to enjoying life in this world, and life in the hereafter. but until I am already in my 3rd head, until now I have not been able to achieve financial freedom like that, hopefully it will materialize soon

Financial stability can be perceived differently by individuals, depending on their specific financial circumstances and responsibilities. From my perspective, financial stability means ability to meet your obligations and maintain reasonable standard of living without excessive financial pressure. Moreover, It is also essential for us to engage in social work and contribute for betterment of society, alongside finding fulfilment and purpose of life.

To achieve success in life you need to earn a lot of money without money life is worthless and without money the world is very difficult. We have to earn money as well as try to retain that money. I can never think that I have earned money and spent that money. I must save a part of the amount of money I earn for the future. If you want to earn more money, you must find an alternative source of income. In that case you have to do the kind of business that you are good at. If you work and keep some money aside for the future, your life may go well but when you are not satisfied with only one source of income and look for alternative sources, you can achieve success in life. So saving money and investing money is very important in life along with money income.

        If your current financial is not able to provide everything you need and after that there is no money left, then it's time to think about it. I mean that you need to have money for the investment process. A person should have a financial cushion that can be used in unforeseen circumstances. Isn't it? It is required to look for additional sources of income that will contribute to this.

Others will say they are financially stable if they can eat three times a day and also have no problem buying foods, but others perspective is that they are able to buy what they want without taking out a loan, meaning they can buy it in cash. It is still about their content because others are content with it, like having only one single source of income that can provide for them, but others want more as they want to earn more money for their wants and also purchase some stuff.

It seems to me that it is important to have several sources of income, especially if you have a family for which you are responsible, then if you lose your only source of income, the situation can be critical.

If you have several sources of income, and at list one of them can be a passive source of income, then this will certainly make you feel more confident. Take care of the main reliable source of income, and create a few more less significant ones, create a reserve that can hedge you in any situation and I assure you, you will feel comfortable. In the future, the income received will form the capital with which you can create new investments.

In deed, it is important to have some extra money for investment in asset like Bitcoin on regular basis, that can be crucial for achieving goal of financially stability in the long term. If your income is just enough to meet your basic needs of food and health care, then it is high time to consider developing skills to enhance your income. Exploring earning earning opportunities available on internet in IT and  ecommerce sectors can be significant step towards achieving this goal.

In my point of view financial stability is apart from your basic needs food, shelter and cloths. If you don't have to worry about your medical emergency, good education for your children, getting educational degree from reputed university, several investment in real estate etc. personally I feel this is the symbols of financial stability for any individuals. Financial stability is very crucial in life which needs to be carefully handled because this only will define how we are going to lead a comfortable  life in current and in future.

When talking of financial stability is something that can never be satisfied and quantified as a being we are we always strive to increase in our financial status regardless of how much we have made and how much keeps flowing and yet still carving for a better tomorrow. That is why today the richest man in Africa today never get satisfied with what he had rather keeps creating more opportunities to increase in his finance, at this we never say they are okay with they earned or what they got from their companies.

Now lemme me bring it down to our level of financial stability; what I can say to my stability is having a cool job or business that's generating a sets of amount for me where in every week or month I received some specific amount to account that foot up all my bills whereby I run not into debt. With this I can boldly say I am satisfied with what I had but know too well as woman or humans we always sources for an increase which I can likely term it to be a firm.

Being famous to me is like acquiring of economic power where the globe would be recognized you as the world richest woman or man, at this point this sets of people keeps venturing into much business, creating ideas to gain more knowledge and in returns generates more wealths. Typical example of such people are Samsung, Apple and Elon Musk. People like Elon Musk are sets people who are business oriented and never want to missed out any little time they had and to them it's a multiplication to their innovation just as he introduced and builts up the solar powered Tesla car.

While Samsung & Apple keeps increasing in their productivities launching various version of their device, all these keeps making them more Richer and yet not satisfied with their current start of income.

We will never be fully satisfied with what we have, we'll always wish to have more no matter how other people see that what we have is enough to support our lifestyle for the rest of our lives. Hence, I agree with you. As long as I am able to satisfy my needs to live without having to trade them if I do get tempted to buy some wants and luxuries in life, then I can say I am in a way financially stable. However, with the world changing everyday and its demands skyrocketing in lightning speed I don't think we should be comfortable with just settling for what we currently have cause soon enough we'll need more.

Financial reserves thru savings or investment/business that supporting their needs, something that will fill up your financial stability, and for sure everyone who have in their right minds will want to achieve such goals, things that you don't need to think about meeting deadlines or needed to wake in the morning to go to work.

Though everyone has their own interpretations and opinions about this and they have a definition that maybe arguable with someone's else opinions and perspectives.

But along the way, contentment and enjoying life without fearing that you will not be able to provide the needs of your love ones' because you have savings that can cover everything, can qualify as financially stable.

Your wish is actually wise enough, because you have hope to try to work and earn stably even though your financial condition is not at a great level. But if you have more priority when it comes to work to produce more stability in your life, I think you need to work in more than one place. And that includes working online as well as through your own environment so that you can get the growth you want, because the initial struggle is always needed by everyone who wants to rise from the bottom to go to the top.

I am mostly keeping the expense profile limited to only wanted things. I am type of guy who prefers android over Apple, and vegetable over non vegan food. I never compromise healthcare but I do try to cover everything under health insurance. I am always looking for good schemes that are available for savings and thus increasing my income rather doing more expenditures than required. I do multiple jobs and thus I also try to earn from more than one income source and add up more to my savings. The core effectiveness is more savings less expenses yet good standard of lifestyle. Gives me enough financial stability than average salary earner.

Well, ive not gone all through the comments and i dont know if anyone else have said this, but for me, money is never too much, though there is a financial level one will get to, and he or she will be or should be contented but then, one can never have too much money.

Personally for me, financial stability simply means reaching a financial level where i could easily and comfortably purchase or acquire all of my needs, things that makes live easier and worth living, and as well have chains of businesses that pay me a handsome profit every day, not weekly or monthly.

Needs are different from wants i believe we all know that, needs are more like things and stuffs we cant do without in their priorities, for example, ability to live well, eat good food, wear good clothes, own your own home, raise a family, send your children to good schools, drive a good car, manage a good business or businesses, all this are needs and they are important.

Coming to wants, wants are like the extra things that are not so important for our day to day living but we still want them, example is an extra cars, expensive wrist watches, eating out in expensive hotels, going for vacations and so .

One will be financial stable if he has enough income to manage all the needs in well suited manner. Spend life easily with the completion of all necessitates of life and save some amount of money as well so he will be termed as financial stable.

But these days no one Consider himself as financial stable because he thinks that his money is not enough for him, everyone wants to have more money. financial stability can also comes when someone thinks about future and he makes some investment for further uses like investment in some business, bitcoin, property and some other thing so he will be satisfied with his income and enhancements of money with passage of time.

For me, financial stability is like building an empire state of income for your future and till death, keep growing in wealth as you grow older is the real definition of financial stability, many don't get this as they focus on the present wealth they have, or some large amount of money they presently own, there have been stories of rich men who failed to manage their wealth and they go broke again, it's about the skills and the potential to keep making more money that you did last year.

It is better for us to make decisions that will help us in life and make less expenses than going to costlier things that may not give us the kind of service that we want to have. Life is all about making reasonable plans so that we can understand how we are going to do to spend less funds to get what we needed. Those who understand how to cut there cost will never bother to go for a high life when we can make good decisions that will make us go for what is going to be suit our interest.

No matter how hard it is or any job that I know I can do, I really try because not every place has a job that we want. Lately ill work in the city then a pandemic is coming ,now I am in the province and the only main income here is agriculture such as rice farming, vegetable farming and many others thats why ill try to learn more about agriculture. These jobs will definitely boost my finances especially if I focus more on my online job which also helps a lot to grow my investment. Right now it's right that I start really small until I reach the top of advancement in life. Right now it's a job of hard work and perseverance when I have enough to bulid some funds then if im ready I can start a business that is appropriate for the area.

It's good to have stable finances because all good dreams can be achieved as long as you have them.

Along with earning money, managing that money is also very important. Many horrible incidents have happened to me in the past due to lack of experience and lack of knowledge to protect my own assets. I have seen people who went from millionaire to bankrupt just because of lack of proper management. Earning money is very important in life, and one who understands this fact can lead a good life in future.

And I am always trying to earn money and working hard to make my business successful which will bring bright future for me. So I always try to manage money, never follow an over leveraged lifestyle.

Yeah, I agree with you, @Kiakia. Financial stability doesn't just mean that the person is financially stable today while, in the future, they go broke. I think when one has a well of gold (assets, commodities, and different forms of investment) that is steadily refilling their spending purses, making them archive whatever desire that money can satisfy both now and in the future, even when they are old, then it's financial stability. Some rich people even have enough money to extend it through their next generation.

It is true that for some people, no matter how much they have in their possession, they continue striving for more and more. However, I believe, this trait is also  natural aspect  of some people who are never satisfied with their current achievement, this drive for expansion and growth is also seen in many successful entrepreneurs

In my opinion attaining the purpose of life is beyond materialistic success, enjoying family life by spending quality time, travelling all around the world and contributing for the welfare of society are equally important for a meaningful life.

How would I define? Whenever there is need/want, I can fulfill it that very moment without worrying about balance in my bank account.

       And you do not take into account force majeure circumstances that can occur at any time? On one of the usual days, all the savings that have been invested may be required, etc. Therefore, not everything is so clear with this financial stability. Life is unpredictable. Fate will turn in the opposite direction. It is necessary to take into account such an important point and not discount it.

We can't dispute the fact that everyone keeps striving for their family and they always makes sure their needs I mean their basic needs are met. For my understanding there are lots of people who doesn't wants to put more efforts in gaining additional wealth since they already satisfied with their state of wealth and Riches they won't care circling within what they had than seeking for additional power and Global recognitions.

There are individuals who believes in settling for less haven seen that whenever they go for dominance it often leads to how stressful they would go and how challenging life could be to keep maintaining their standard of riches, most people loves being uncovered rather remains a secret millionaires. Therefore being open to their families, by making availability of what ever their families needs. That is why most people are just comfortable with their current state of work and business without being too noticeable.

The thing about this however is that to achieve all of these, we need to have the financial capacity to do so. Right now, in order to even do most of the things that will ensure enjoyment and quality time with family we need to spend some of our money (no matter how small that is, we know it will make a change in our pockets). Moreover, let's all be real here, enjoying life is hard without financial stability as most of what we do and need to enjoy life relies on how much we have in our pockets and savings account.

Talking of financial capacity how do you classify it?
Everyone is liable to work on their financial status but it all depends on how prepared you (we) are, like a said financing is something that is very open to everyone out there but it relies and lies in our hands if we have chosen to make changes in our life's.. This boils down the real purpose of this topic. To enjoy financial stability you must keep pushing and working otherwise whenever you stops and the little savings you had in your account got drained then I don't think such person would still enjoying financial stability. Continuous working + Investment leads to financial stability while savings is what makings you enjoy the things of life by living comfortable with your families and loves one.

Totally agree with you two, human greed is bottomless so talking about financial stability is pointless. The witness is that I am going through these things myself, when I was a worker, I only wished to have enough money to spend daily was a success. But so far, I have had a much better life, I have things that I never dared to dream of, and that is also the dream of many people. But I don't want to stop yet and want more things because I want bigger things and think I will need a lot of money in the future. So I still don't feel financially stable even though I'm a lot better than before and surpassing my ambitions before.

At that point, it still depends on how financially secure the person is; that is what will determine if an unforseen situation can actually cost them all their life savings and their investment. Take, for example, Elon Musk, Jeff Bezos, Bill Gate, and all other public figures that are very wealthy and have made billions of dollars. What kind of situation do you really think can make them spend all their money?



Life is unpredictable, yes, but the only situation I know that can sometimes separate financially stable people from their wealth is death.

I never wanted to spend everything I managed to earn, since my teenage years I tried to save something so that I always had pocket money available. We lived very poorly and my parents rarely gave me any money, so I myself thought about how to make sure that I had money. I see only positive things in this, I learned to appreciate money from a young age and I never had a period when I was without money.

You have well defined the difference between financial freedom and wealth. Getting something we want or being able to reach something without going into debt at that moment is not wealth. It is the economic comfort of being able to freely buy something.

Ensuring financial freedom and being able to progress at this level is an important issue for every individual. Being able to act without being dependent on anyone is something we all want and strive to achieve. Financial freedom can give us what we want.

The insatiable quest for contentment must be instilled in every individual aspiring for remarkable success. This drive acts as a potent catalyst, propelling one towards achieving greater heights and amassing increased wealth.

To be unsatisfied with one's current achievements does not imply avarice; rather, it signifies a noble objective of shunning self-imposed limitations to perpetually create and strive. It is from this pursuit that creativity flourishes beyond the boundaries of our own expectations.

Financial stability means you have a job or a business that enables you to earn enough money. Enough means more than your basic needs because you also need savings, emergency funds, and funds for entertainment, vacation, or buying some stuff to reward yourself.

But what we are aiming for is to achieve financial freedom. Financial freedom for me is earning enough money where I do not need to work hard for it. So it means I need to establish a stable business or build an apartment so I can earn a regular monthly income. I do not want to achieve financial freedom when I am already a senior citizen with a monthly pension.

Financial stable is where you have few jobs and even one of your job are stopped, it doesn't ruin your financial because you still have the few other jobs. At least you still have money to feed yourself and family, pay bills etc. This is different with financial freedom where you don't need to work anymore and you're still making money when you sleep.

Financial stable is a must, if there's a family lack of financial, I'm sure the relationship will not good and there's a chance of conflict.

Financial stability usually means living comfortably and meeting basic needs. Before reaching your goal you should be well aware of your current financial status and net worth. A discussion with your financial advisor will help you understand your net worth and shed light on your priorities. After analyzing the current financial situation, along with this time frame, it is important to have a budget with it. A budget gives you an idea of your expenses, spending and savings which ultimately helps you reach your goals.

I'm sure most of us if not all will love to achieve financial freedom during our early age and not when we are already senior citizen, we all wanted to enjoy life as early as possible, if you already have good business or investment that can cover all your expenses and will allow you to save enough spare for emergency that's enough to have a life that you can classify as financially free.,

No longer being force to go to work and take all those pressures and stress, even it's not that huge earning in a daily or monthly basis coming from your own business or investment, as long as it can cover all your needs plus spare for saving, it will allow you to enjoy freely.

Money is never enough and there's no such thing as financial stability. If you think that you have achieved what you needed, then one day you will run out of that money. if you talk about financial stability, it is something in which you are not affected by any economic condition such as a crisis. Having enough money to survive any kind of condition should be considered financial stability. To me, if I can live day-to-day life with ease and save some for the future would be financial stability.

But this is not something that I want. Money makes more money. I want to keep on investing and making more money. Because fiat is something that is affected by inflation. Investment is the best way to make more or keep the current value. Never think that, "this is enough, I can rest now"

There is no such thing as too much money, once you set your mind on becoming successful in life you start to climb the ladder that has no end, and as time goes on it becomes a general something for you, it becomes a part of you, that even one day you stop working or running your business/company, you will feel as if you are not alive, this is why rich men don't know how to stop, they always want more.

If manage, one day you feel like stopping, you will start losing the enthusiasm of what made you into what you are already, and from there on you can start dropping bit by bit, and you start going down.

Whatever we involve ourselves with becomes a part of us and that's why we should keep doing what's good and right, it's always for our sake.

Well, if we don't talk about money management and only talk about financial stability, it is not really about the future but it is about how you are doing financially at the moment, and if you have more than you want to spend on anything in your life, that's what you can call financial stability. For example, there is something like a car or a house that you want to buy, and you know that after buying it, you will still have a lot of wealth left behind, that is what financial stability actually is.

I know and understand your point that there are people who get rich, but they don't know how to manage the money they have, so they spend it recklessly without using it on things that would give them something in return so that they can stay rich and get more wealth, and at the end of the day, they become poor again, but that doesn't happen with everyone.

Financial management would be always that recommended but it is really that hard to believe into those people who do able to reach out that state came from hard work and investment then for sure they are really that

aware of that management which is something that they would really be knowing on how to limit out their expenses and would be focusing out on things which it would really be giving out that advantage for them to be
more that productive and could really increase their income which is something that their main priority.Unlike into those people who had just get their richness whether on an inheritance or from a lottery on which
managing their money would be unlikely and this is where they would really be putting themselves back on getting poor or what they are before if they arent that wise
on spending their money.

Stability does means that continuous money flow despite of the spending you have done but you do really know that you could still have lots left on your bank account because of certain cashflow which
it could really be acquired through investment on which you could really be able to say that there is really a difference.

Financial stability for me is the capability to withstand financial pressure and is able to meet financial needs with extras for savings and future plans.

 
I believe that there's a thing as too much money.  That is the point when one is able to sustain his future generation without worrying even if he don't have to work anymore.



For me when I got an income that can meet my family's monthly budget and have extra for savings.  And we all know that the more income we have the better.


Things will change as you got a family, and your kids started their schooling.  With more mouth to feed and more expenses, you will find out that your savings won't suffice if you failed to increase your source of income.  A single life responsibility is far different from the responsibility of a family person especially when your parents and in-laws also rely on you to meet their needs.

For me, just being able to live life comfortably without having to worry about getting the money for paying this and that is enough to be considered financially stable. It doesn't take that much either, all you need is a good paying job which is more than enough nowadays with work from home and all these awesome opportunities that companies are putting up. If you have enough money in the bank to keep you going for a little while if you go jobless, enough money to survive on a daily basis without going frugal, and you can buy whatever you want, that's financial stability right there. Basically all it means is you being able to realize your life and do whatever you want without the shackles of money keeping you down. If you got that life then congrats!

To me financial stability is me having enough to meet my needs both planned and emergency needs with concurrent non-stop income flow.
And to put it straight there's no such thing as having too much money  in as much as humans are not created to be satisfied with whatever they have. The inclination to have and acquire more always exist when we achieve one climax we are driven to voyage for another and it keeps on going on and on. Why go on and on if there's any such thing as too much money?

But if you want to be financially free, you must first be stable because if you are not financially stable to take care of the basics of life, how can you think of bigger things? Financial freedom is something anyone wants and that is why we are all investing in bitcoin.  but to tell the truth so far not many people have done that, most of them are still in the scene of finding a daily income.  so our goal should be financial stability first and then financial freedom.

But even others want to invest, but still they can't as they are also struggling to find food for themselves. That is why we should be happy and grab this opportunity to invest in, but as again, I've seen a thread here about investing in Bitcoin. Our mind wants to invest, but our finances won't, as we do have stuff to pay like bills, food, etc., and our salary is not enough for it. Also, if we find another source of income, it takes time, but as well, it would be just enough for us. If we can just find a big salary job or our business is successful, the financial freedom is easy to reach.

Financial stability does not equal financial freedom for me, these are very different terms that require different amounts of money. Financial freedom means for me to be completely independent from still having to work, for that I would need an investment portfolio worth several million USD, generating enough monthly income to live of it and not to worry about money again. This is very unrealistic in my current situation and I am not going to achieve this goal in the next 10-20 years. Financial stability however seems like a more moderate goal for me, it means to have large enough savings to cover any short to medium problems that can come up out of nowhere. Losing my job overnight would be one of these issues and to feel some security and stability I think it’s important to have savings that cover all expenses (rent, food, car, medical, etc.) for at least 6 months. If you then have unemployment insurance in your country this could even last for the first 12 months, giving enough time to find a new job. So, in my case this would mean to have at least 20,000 USD in savings that I can rely upon. There is definitely not a thing as too much money, maybe when you are a billionaire you feel like that you have more money than you can spend, but for the average person there isn’t enough money. If you ever feel like you have too much money, just make a savings account for your children, cousins or niece and nephew. There should always be someone in our family that we can help out.

Financial stability is the nonstop incoming of money, and its left for you to use the money to add more value to your life and it's future but I think financial freedom is the best, that's talking about the future you, where you will be at the time and how much money you have in retirement.

If I can make a million dollar now I won't have to work very hard anymore, I will just keep investing my money and holding valuable assets, more money till the last day on earth, so I believe there is a different between financial stability and freedom, not the same.

When you didn't have a job you expected to live a little better than the life you were living but then when you got a job you expected a little better life from that life and now when you are earning a good amount of money every month from other sites besides your job, you feel that it would have been easier for you to earn money if there were more alternative sources of income. People never want to stay in a position for a long time, people always hope for a better position than their current position. The amount of money you earn every month, even if you earn more in the future, you will still have to figure out how to increase your income. This happens not only to you but to everyone, everyone tries to earn more money, some succeed in it and some don't.

The gap between financial independence and safety is laid bare from your perspective. On the one hand, the upper end of this range suggests an ambitious, perhaps unachievable objective, while the lower end suggests an achievable objective within a reasonable time frame

It's wise to put away enough money to pay your bills for a few months in case you lose your job. This will help you weather the inevitable storms of life. Still, there appears to be a persistent sentiment of "never having enough money," which drives a never-ending cycle of seeking further financial resources

It's natural to desire to increase your financial standing, but contentment is paramount. An endless pursuit might destroy one's mental equilibrium. Yes, aid those in need, but also savor the present moment and give thanks for the safety you've earned

Yes growing your capital continuously is the sure way to financial stability but if you have a million dollar and you decide to be reckless with it without no proper planning, it will diminish until the point where you go back to the level of needing help. Having money kept in the bank isn't financial stability but to invest rightly and allow money to work for you whether you are actively working or you are sleeping, you are sure your floating liquidity will keep you going.

My version of financial stability is when I'm able to go through economic turmoil and not be too bothered by it because I can still handle it and still have enough for the life that I do.
It might sound simple but I think that is the most possible thing for me, as long as I am able to get through the difficulties in economic issues such as when there is a pandemic or now starting to be hit by inflation but I am still not too affected and my financial condition is still not too disturbed then I still feel this is my version of financial stability.
But of course things like this must also still be accompanied by several businesses that must be done and I am still doing that, not just one but I take advantage of several opportunities that exist so that when one of my businesses or jobs is disrupted then I still have others and do not feel deprived.

To me, financial stability is simply when you can afford everything you want without breaking a sweat. If you want to get a car for example, you don't have to plan for it and save for it, you just get the car and you don't have to forfeit anything to get the car.
Financial stability is different for different people, but as far as you can afford whatever you want then you're financially stable to me.
A person may be earning well and making a good amount of money, but there are things he will love to do that cannot do, simply because there is not enough money, that means the person is not financially stable.
Or it may be that an energy happened and money is required urgently and he can't afford it in a short period of time, to me he's not financially stable.

You could buy things without any problem and this is something signifies that you are really that financially free or having that capacity on doing so without breaking a sweat but before on reaching out

such condition then this is something that wont really be that so simple or something that could be achieve by anyone.This is why we are thriving our very best on trying to reach out this kind of condition which is of course that wont really be that easy and you would be passing up with tons of trial and errors on which you would really be focusing on trying out to sustain or solved out.
This is why it would really that case to case basis because not all would really be reaching out this state. How good on feeling if you could be able to buy things that you do love to purchase out without breaking your bank or wallet or having a sweat.  :D

As long as it's cater all the things I need for sustaining in life. Basic needs are an essential thing this you can survive for the daily basis but the thing is it's enough or not. If it is with an extra assets and good cashflow you can sustain your life until you die but if not for me it's consider still not a financial freedom once you experience how does the reality you will define or analyze to yourself that it's enough, you need more. Reason why you don't let those tardiness conquer it's all about your future.

I feel like for me to become financially stable is to be able afford all my regular expenses + couple sudden/emergency ones. (I would count instant necessities at home like electric system or water idk). Some people think more on this and they say, to be financially stable you need to make more money than your wage so you would be able to outspend yourself sometimes. I personally don't count luxuries as necessary and not a part of bills to be taken care of to become financially stable.

I think that money is a means to an end, not an end in itself. Money can provide security, freedom, and opportunities, but it can also bring stress, greed, and envy. Therefore, I think that financial stability is not just about how much money you have, but how you use it and how you feel about it.

For me, financial stability means having enough income to cover my basic needs and wants, without compromising my health, happiness, or values. It also means having enough savings and investments to prepare for the future and cope with unexpected events. It also means having enough generosity and gratitude to share with others and appreciate what I have.

I don’t believe that there is a thing as too much money, as long as you earn it ethically and spend it wisely. However, I do believe that there is a point of diminishing returns, where more money does not necessarily bring more happiness or satisfaction. In fact, some studies have shown that after a certain threshold of income, people’s well-being does not increase significantly or may even decline.

For me, the kind of income that would make me feel satisfied and successful is not a fixed amount, but rather a relative one. It depends on my goals, needs, preferences, and circumstances. It also depends on how I compare myself to others and how I measure my self-worth. I try not to let money define who I am or what I can do.

I agree with you that it is natural to want more money, as long as it is not at the expense of other aspects of life. I also agree with you that it is important to have a balance between earning, saving, and spending money. I think that money can be a tool for good or evil, depending on how we use it and how we view it.

Mostly people will define financial stability is that they can buy what they want even luxurious nonsense things and able to eat on expensive restaurant on daily basis and got sick because of unhealthy food and lifestyle. You are right, financial stability means that you have emergency funds in case of an emergency as well as paying bills and buying food without any problems. That is a somewhat stable life, no fancy or other things, but again, others have their own definitions, and others are the same with us, but again, we can't blame them. Let's just focus on ourselves rather than others.

Money is a great tool used to distract the rest of the world from the neferous activities happening in the world. A good number of people who think they're financially free still ask withing themselves if indeed they're free from financial troubles. Money is never enough, not even for a country's president. The world consists of levels, which people in the very top do not bother about money but concentrate mainly on ways or techniques to control the world. Money is being printed and only a few amount of the money is channelled to the cooperate world, those who earn weekly or monthly. Meaning that the rest of the money can be assumed to be with the 1%. Hence, for those who don't belong to this category can feed their ergo with financial stability when they make a good amount of the little money circulating among the masses. In a simple term, I'd call financial stability as having a good number of people who work for us and remit money into our account weekly or monthly. Maintaining this for a longer period can earn us power to see oneself as financially stable.

Absolutely true. I would say I am already financially stable when the time comes that I would no longer have to worry about the impact of out-of-budget expenses on my finances. Also, when the time I won't feel guilty when I spend, and when I don't feel deprived when I set aside savings.

Everyone wants financial stability, but it takes a lot of commitment and discipline to prepare and work on it. It all starts with our initiatives to set a clear financial goal, enhance profitable contributing skills, and be consistent in our mindful spending and saving habits. It goes a long way, but in the end, we will also be the beneficiaries of it.

You are right that both job and business are very important for financial stability. I think one can become very financially stable if a business is done instead of a job. Usually the income from the job barely covers our expenses. People who run their own business are always very financially stable as compared to a job. People who are dependent only on job should have side business along with job.

I think you will need to work harder to achieve financial stability in the current era, only then will you be able to achieve financial freedom. I think hard work is the basic condition for any business to be stable and successful. It is everyone's desire to find an easy income to stay financially stable but it is not that easy.

I think that I will answer as most of the guys write in this thread - in order to feel financial stability, you need to have more money. It doesn't matter what it is - crypto currency, fiat or bank deposits. Then you will feel much calmer, and not count every penny. I know exactly what I'm talking about, because before the crypto currency, I lived from payday to payday and could not postpone anything. I was scared. I was constantly counting expenses, writing off each of my purchases in a special application. And it was terrible! And then I learned how to trade on the cryptocurrency market and was able to earn.
And this small deferred amount makes my condition much calmer!
And I am very grateful to this forum.

When it comes to satisfaction and having a lot of money, that can be true but on the other hand, we also have our own standards in this regard and a lot according to us does not mean a lot according to others so things like this only depend on our judgment and standards.
But at the end of the day, everyone will agree that money is one of the things that gives people stability in life.
On the other hand, there are some things that are actually a problem because actually I think almost everyone has the opportunity to get the same rights in financial stability but the problem is the constraints from ourselves such as a big ego and regulating the hedon nature for ourselves which makes it difficult for us to get that.

We humans have an insatiable needs and wants, because the more we get, the more we will want more, as our taste of everything will automatically increase just as the salary or money earn doubles, which is why at some point it it's hard to predict an amount that is likely to be enough to a man in his or her entire life. However, if I could be earning around $500 to $1000 monthly currently, I will consider myself financially stable for now.

True. Financial stability is living a comfortable and prosperous life at the present without worrying in the future since you know everything has been set and plan for good. It allows you to live life to the fullest without worrying on your bills and insurance. The reason why financial stability becomes a crucial target that needs careful management once completely achieved.

I don't have a high-set bar for a definition of financial stability. If you have a stable source of income, don't struggle with your bills and everyday expenses + if you have enough savings to keep you going for at least a few months (in case you lose your current source of income) - then you can call yourself financially stable (not to confuse with being rich).

The perception of being successful usually is not a permanent feeling. The way we're wired is we keep setting ourselves new goals as we go through life. i.e. if you became a multimillionaire overnight say by trading bitcoin a few years ago, but you had nothing special going on since then, other than spending money that you earnt - probably you wouldn't be feeling very successful at all (despite having enough money to secure your and your childrens' future).

Indeed, humans are forever discontented, once a person grows his income so does his expenses from necessities down to luxuries. Financial stability, to me is like being comfortable from where your standing at financially, without any debts and can able to buy necessities that can call sustain emergency situation financially. Income range depends on the person lifestyle preferences. Millionaires may also not financially stable especially when they are full of debts and their business has its possibility to go bankrupt as well. I've seen enough people who were once rich and got bankrupt.
Therefore, financial stability knows no range or amount of money to consider one, but it all depends on your lifestyle.

Financial stability can be measure with individua's saving, net worth, skill, education and experience etc. Apart from basic need if you are able to full fill yours along with family's other wishes like going on family vacation once or twice in a year. Get to gather with friends, parties, spending on your mental heath and peace is also financial stability. One more prominent point is, in your emergency just like medical emergency. In such hard time if you have enough capital to cure your disease and able to coming out from such serious condition then you are financial stability.

This is the most remarkable response I've come across. It's absolutely true that financial stability does not necessarily equate to being wealthy. In fact, at times, wealthy individuals experience significant fluctuations in their finances. I don't need such financial pressures in my life.

For me, financial stability must go hand in hand with a healthy body. I truly enjoy anything when I have a healthy physique. Additionally, another criterion I set for achieving stable financial standing is to be completely debt-free. That way, life remains calm and devoid of unnecessary stress.

I am very inspired by what you have said above. Yes, right. There are several reasons why it is very important in managing the economic system, especially in a family. Stable finances will have a direct impact on the financial health of the family which forms healthy, controlled expenses and can be conditioned optimally, of course, from various existing sources of income. I also have goals for my children, one of which is so that they can also go to college like their other friends. Yes. This journey is still very long for us to go through.

There are many things that must be managed properly in life in the future and indeed everything will start from economic stability, therefore it is important to maintain economic stability from an early age and even maintain economic stability will not only have an impact on positive life in the future but also many positive things what will get.
I do not deny that it is important for us to be able to maintain economic stability in this life.

Yes. Financial stability should be a must, but a lot of people are still struggling on their finances not because they don’t have a stable job as a source of income, but because their financial management is wrong. Some even spend above their means just to satisfy their wants so expect that their finances will still be in trouble, thus making them still expose to debts that will definitely make their finances end up unstable.

Yes, you are probably right, because I see many people who still go to work every day but still have difficulties in life. In my opinion, the main cause is rising inflation and disproportionate wages that have led to financial turmoil for many families. When inflation hits, financial management will face a lot of difficulties if we don't quickly find other sources of revenue to balance the spending budget. Not to mention in life there will always be surprises. So if we want to be financially stable, we need to spend more time working.

Yes exactly in present era all of those individuals who can easily sustain their essentials are stable in their economy. Almost everyone thinks that they are not financially stable because they wants a luxurious life which does not identify your stability.

There will be lots of individuals who are wealthy enough but they are not happy with their lives so these are also not stable as happiness matters a lot. If a person's salary is enough to provide a home to his children and three time meal per day, good clothing and save some amount of money then he will be consider as stable either he accept this or not but he is financially stable.

My take in this subject matter in what financial stability means is that we are living in a different world now where it is becoming harder and impossible for most people to become financially stable.  It's not about poor financial habits anymore.  The value of our money is shrinking because the cost of living, goods and services is increasing  exponentially.   We are budgeting.  We are frugal. We are avoiding unnecessary debt because we don't have a choice.  Yet, we aren't financially stable but financially scared. We are scared financially. This is why we opt for Bitcoin.

Indeed, no ranges of amount to consider as like how you define it, there are business owners who we think got the luxuries in life but behind from what we can see are all the loans that they needed to pay, and if the business is no longer doing good, the chance of getting bankrupt is always shadowing them, it's not a financial stability as we know that there are no assurance behind, it's still best to have enough and even not that luxurious type of life.

But enough to say that you are enjoying it with your love ones, having good financial stand that can cover your daily needs and have that spare to us for emergencies, either a stable job or business that can cover everything.

In expanding out our business then we do really need to take up a loan and its true that those businessmans are really that taking such step specially when we do speak about business expansion.
We might be seeing them to have a lavish life but we dont actually know on whats behind those acts on which we do even see the outer side of things and not the inner ones on which is happening.
They wont really be able to reach out that kind of certain state in life if they arent really that taking up such risks and we know that this is something that needs to be done to have that progressive
kind of life when it comes to finances but of course its not something that all would really be able to achieve on. Financial stability something pertains on having that kind of ability for you to make
that purchase without trying out to break your bank or doesnt something affect in speaking about numbers. This is the advantage if you do have tons of financial back ups and sources.

The key to reaching financial stability sooner is to be frugal during the good times, and not only when inflation/cost of living get so bad that you have no other option but to be frugal.
But yeah, it's really hard to build up some sort of financial reserve, knowing that there are no saving accounts that would at least have the rates matching inflation. So we have to take investment risks and hope for the best.
Back in the day, working hard to save enough money to retire early and live off the interest was a viable option, but seems like that ship has sailed and is not coming back.

I highly agree with your that there are couples who often get into an argument due to a lack of financial funds.  I came from a poor family and I often see this thing happen since my parents sometimes got into an argument due to financial shortages, but they fix things before the day is over.

Financial stability is indeed a continuous flow of financial funds that support our basic needs.  Even with some problems around, we are able to continue with our living without any shortage of money since there is still a source of funds for us.

conflict due to financial is real, there are many that divorced for the sole reason of lack in the financial aspects. everyone might have different idea about what financial stability really is, but I think its all the same purpose that is to keep ourselves from starving and homeless.
my idea, is that, financial stability is about having back up plan, that could save us from becoming entirely moneyless.
having two or more jobs is fine, but I think having higher income is also more important and crucial. after all, with higher income you could literally save money for future problems that you might face.

Financial stability for me is when you have more than enough. I mean, you're not just earning a stable income but has other resources to gain more, like a business, a side hustle etc. (aside from your real job).

Of course it's always best to have more since you won't struggle financially and that's satisfying to see the fruits of your hardwork. Thus, if you want to become financially stable don't settle for just one source to earn. So if there's an opportunity grab it, don't hesitate for the welfare of your family.

Same here, most of the divorce I know happened because of the family has bad financial condition. I think everyone who want to get married and start a family need to got themself financially stable first. Making and supporting a family is expensive.

And as for me, financial stability is when I have enough money to both pay the bills, support my family lifestyles, and support my lifestyles. Just a casual lifestyles nothing luxurious.

That is a must have for me. Starting a family is not something you can just easily back away from the moment you realize that you can't fully take on the responsibility, especially when there are kids involved. Therefore it is truly better to be prepared before you take a step towards that direction. Ensuring that you have financial freedom to be your foundation in starting a family in this state of economy is vital.

I highly agree, we must secure our finances before going into a marriage.  Unless we marry a super-rich partner, we must ensure that we are able to support our family at all times.  Love is not enough since it can't feed a hungry mouth.  So if we wanted our family to have a strong foundation, aside from respect, trust and love, we must make sure that we have the finances to keep it going.

In my view having financial security while you getting into marriage life is really important. However it isn't a must thing based on incidents happening around. Love can't feed, but it gives an energy that would make him/her move towards success. It is the thing that makes you grow together than making individual financial stability. I've come across many people who hadn't married to make themselves financially stable. By then they've crossed certain age and missed the love life and now they weren't able to get an arranged marriage. This is the situation when we go behind financial stability.

I will consider my financial condition to be stable when I already have Passive Income and of course it must be in a condition where the amount of money generated is far greater than the amount of needs that must be completed. This means more income than expenses.

But getting financial stability doesn't necessarily make us feel satisfied with what we already have or it doesn't necessarily make us satisfied with what we have achieved. Because humans basically like new things and always want more and more. Not only about greed but this trait has naturally become our instinct.

Financial stability in my own definition would be worry less day in my entire life. Means i have investments, assets, funds, saving and other monetary and digital possession that solely consider mine.

This is an interesting topic if I may say so. In my opinion, financial stability is when my income is smooth, there is no debt, and there is a reserve of money for emergencies. I'm a little jealous of those of you who are young but can already make money to make ends meet and also have savings. Maybe by sharing the knowledge you get with other friends it will also have a positive impact in the future.

I think financial stability is a financial condition that can make us buy or do anything, for example if we want to travel around the world, it will not make our money drop, this certainly requires hard work and smart work so that we can get a large income.

To me, financial stability is described as being able to "develop" rather than living hand-to-mouth, and your finances being proactive rather than reactive; always putting out fires.

The first is learning to live below your income, and the second is having an automatic transfer set up, which pulls a set amount out of your main bank account (the one into which you deposit your paychecks) and deposits it into a no-touch account. The pre-set amount should be enough to put you in a bind; you'll be alright because your spending patterns will alter to allow for this aggressive withdrawal. We will all spend whatever money we have available.We will begin to develop wealth/financial freedom once we take aggressive actions to get money away from ourselves and maybe into an investment account like Betterment. First and foremost, pay yourself!...next your debts, and last your pleasure.this is not to be unclear with "spend it on yourself first.

To me, financial stability is described as the freedom to have the things we want, there is no dream of owning anything because we can buy everything, of course it is not easy to achieve financial stability because the current economic conditions make anyone have to make savings.

Yeah right, if you have that such reserves where you can use money without fearing that it will affect your saving or you might be needed to think on how you can cover those amounts that you spend, though likewise, still going to depend from how a person live his life, if you are good being contented with what you have, a small business that will cover your needs and let you enjoy if you wanted to take some tour and the money that you are spending is good enough to cover your needs.

There are differences as people are different in a way they look at it and how they define financial stability.

Financial stability is basically tailored to one's understanding and perception about finance and what their satisfaction about it means. so, to some people, stability in finance means to afford their daily needs while to others, it means the ability to afford their life's wants and to some it simply means ability to reach out to a larger multitude with financial challenges and others it means their ability to live a luxurious lifestyle.

I think there is no too much money. I am a muslim and teacher teach me that everything that I do will give impact for me, even it is only little thing. I believe that there is another life after I die and I will get reward for everything that I did. having too much money can be positive or negative, it depend on the person. If I use the money for bad thing then the money is too much for me, but if I use it for good things then it is not. with a lot of money I can give more to the poor, build hospital, orphanage, school and etc. but in case of financial stability, I think it is mean that we can create our own business which make a lot of money, maybe roughly 10 times than employee's salary. and we don't need to work as employee.

I could never had said it more simpler, your definition of financial stability is very simple as what you said is actually the whole concept of it because some humans need to feel financial satisfied once they can carter for children while others feel having that finance that can lead you to provide an extensive hand is simply the satisfaction they want, well as for me I define it to be a state where your needs and wants is easily accessible and to some extent without fear of losing it all

Of course, everything varies and you have to have a plan. But, this talks about how we can sleep soundly at night and this also starts with ourselves, especially if we are already married. For example, if you already have a steady job. I think it starts with us as heads of families in setting priority boundaries. Make a monthly budget, keep track of expenses and communicate and be open with your partner. The latter requires practice, perseverance, discipline

Yes, we as members of society like gatekeepers have an important role in maintaining financial system stability because it will ultimately have an impact on state financial stability and contribute to national economic growth.

This is what I was talking about. It will always depend on our own understanding and situations. While others see financial stability as being independent from their parents' financial help, other may view it as being able to buy everything they set their eyes on without worrying if they'll have the money to survive the next day. We all have different backgrounds and community that influences the way we see and understand things such as financial independence.

And for me being financially stable is no longer having debt and having Bitcoin investments also stock investments whose dividends every year can be used to pay for life when I'm old. Indeed, everyone has a different understanding of financial stability, because as you said, how we are educated and where we live will greatly affect our mindset about finances, but for me having financial stability when old is more of a priority because when we are young there are many things you can do to produce and it is very limited when we are old, so stability must be started when we are young.

No matter what it is, that is their definition of financial stability because not all of us want to have a bed of money; others only want a comfortable bed, which again is not bad for both as they are striving to get it. Others may say that their definition of financial stability is very simple; others may find it complicated, but that is what they want. Again, let's just respect one another, as we are just working hard to achieve our wants in our lives.

In my own understanding financial stability is generally defined as having enough resources to cover one's expenses and achieve financial goals without excessive stress or worry.

 Whether there's such a thing as "too much money" is subjective and depends on individual perspectives and values. Some may believe that there's a point where accumulating more money becomes unnecessary or unfulfilling, while others may continue to strive for higher income to meet specific financial objectives or desired lifestyle.

 Feeling satisfied and successful in the financial sector varies from person to person. What constitutes a comfortable income and financial success depends on individual circumstances, goals, and aspirations. It's not just about the absolute amount earned but also about the ability to manage finances wisely and achieve a sense of security and contentment.

 Your approach to financial management, setting aside savings, and striving for incremental income growth seems well-balanced. As a 23-year-old student, you're already demonstrating responsible financial habits, and your long-term mindset is commendable.
 In the end, the pursuit of money should align with your values and overall life goals. Striving for financial stability and success is natural, but it's essential to also find a balance that allows you to enjoy life, pursue meaningful experiences, and invest in personal growth and well-being.

Your secure old age should be taken as a long-term plan that you should begin to implement at a young age. It's good if you manage to get a good pension, which will be enough for a normal standard of living, but often due to inflation, the majority's pension is not enough for this at all.

And besides, if you can take care of your pension on your own, then you can stop working before the state starts paying you a pension, you can determine the time when you want to rest and at the same time you will feel great. Bitcoin is able to make this possible and someone will take advantage of this opportunity.

Everyone's needs in life are different, some people like everything, they want everything others have, they like luxury and nobility...But there are also people who like things that are simple, idyllic and not too sophisticated…so the definition of financial stability or financial freedom will be understood in different ways by each person. We should not impose our thoughts on others and assume that they are not right just because they do not think like us. Respecting everyone's opinion is the right thing to do in life.

for you, i quite salute you, you are not yet 30 years old but are already making money from various types of online/offline jobs.

i'm not really sure the meaning of financial freedom is different for everyone, the meaning of being financially stable in my opinion is when you no longer need to think hard about earning money, you can make money even when you sleep.  however as humans we have the responsibility to do the maximum thing to get money and make our family happy, achieving financial freedom is not easy, hopefully we can achieve that in the future.